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Buy lightning btc with onchain btc #73

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bobderbobs opened this issue Mar 9, 2022 · 1 comment
Closed

Buy lightning btc with onchain btc #73

bobderbobs opened this issue Mar 9, 2022 · 1 comment
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@bobderbobs
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I think that this project can be a good place for a lightning btc <-> onchain btc market.
I think there will be people to offer liquidity who don't want to sell their btc.
This would also incentive people who don't want Fiat to open a channel to robosats as they can sell their lightning btc in that channel for onchain btc.

@Reckless-Satoshi
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Reckless-Satoshi commented Mar 9, 2022

Indeed, one possible uses of the platform is as a market for swaps for Lightning into any other BTC-form (including on-chain)

In fact, it is already an available feature. One only has to select "BTC" (with a swap symbol) among the currencies. Then the text box will ask what is the swap destination (the order maker choses the type of swap). Additionally one could price it using the premium box (e.g. 0.3% so there is a net profit for the swap liquidity provider). For example, in this screenshot, I would be creating an order to buy 100K satoshis in the lightning network and pay with an on-chain transaction.
swap

Possibilities are endless Lightning -> rBTC / wBTC / liquidBTC and viceversa.

Thanks for the input and ideas!

@Reckless-Satoshi Reckless-Satoshi added the discussion 💬 This issue has become a forum of ideas label Mar 9, 2022
@turizspace turizspace mentioned this issue Aug 26, 2023
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