The developers of Lightning Labs have launched a non-custodial peer-to-peer platform to provide liquidity and generate income from bitcoin.
According to the management of Lightning Labs, the P2P trading platform transforms the liquid assets of the Lightning Network into new financial products “LiFi”, which become available for exchange in the Lightning Pool.
In the pool, users can purchase access to liquidity, and sellers have the opportunity to earn income from bitcoin. At the same time, users can control their assets without resorting to the services of intermediaries. Revenue is generated through buyers in the pool who are willing to pay for access to new capital in Lightning, without incurring the risks that may arise when working with third parties.
The developers explained that the solution will solve the problem of lack of liquidity in the Lightning Network, which is holding back the spread of the network. The Lightning Pool provides a basic rate of return against which nodes can make economic calculations.
By default, nodes do not have information about how much funds are being channeled by peers, so they cannot determine how efficiently their capital is being distributed. The pool solves this problem by using “pricing signals”, showing where and when the market needs liquidity. Previously, users tried to solve this problem using group chats and over-the-counter services.
Recall that in March, Lightning Labs introduced the Lightning Service Authentication Tokens (LSAT) authentication protocol, which allows third-party firms to provide paid APIs based on the Lightning Network.
In addition, a few months ago, Lightning Labs launched Wumbo channels to spend larger amounts on the Lightning Network and reduce fees. Later, one of the developers of Lightning Labs discovered a vulnerability that allows an attack on Wumbo payment channels.