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Cryptocurrency News Articles

Boltz Pro: a non-custodial way to earn sats with swaps on Boltz

Dec 31, 2024 at 04:05 am

Today we are launching Boltz Pro, a non-custodial way to earn sats with swaps on Boltz 🫰Tl;dr: users earn sats for swapping in a specific direction

Boltz Pro: a non-custodial way to earn sats with swaps on Boltz

Boltz, a platform specializing in Bitcoin and Lightning Network liquidity management, has announced the launch of Boltz Pro, a service designed to address liquidity imbalances by offering users incentives to participate in specific swaps. This initiative aims to balance the platform's liquidity while providing opportunities to earn Bitcoin.

The platform's co-founder, Kilian, highlighted the challenges faced by liquidity providers, particularly with processes like Bitcoin-to-Liquid peg-ins that can tie up funds for extended periods. To address these issues, Boltz Pro employs a dynamic fee structure.

For instance, if Bitcoin reserves are low, the platform may offer a negative fee, such as -0.15%, for Bitcoin-to-Lightning swaps. In such cases, users would receive a bonus for facilitating these transactions, ultimately helping restore balance. Once liquidity stabilizes, standard fees would be applied.

Boltz Pro operates as a non-custodial service, enabling users to maintain complete control over their funds throughout the process. No registration is required to utilize the service.

However, it is designed with professional users and large-scale transactions in mind. As a result, smaller swaps and tighter network fee controls are expected to be implemented as the service evolves.

Being an experimental product, Boltz Pro is designed to test the efficient addressing of liquidity needs and gauge market demand. Plans for the future include developing tools for Lightning node operators to monitor and automate swap opportunities.

This service is particularly relevant to the broader trend in the Bitcoin ecosystem toward

News source:btctimes.com

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Other articles published on Jan 03, 2025