Today, Boltz launched Boltz Pro, a service that allows users to help Boltz manage their bitcoin wallet and Lightning channel liquidity, and I plan to test it.
But first some background on how Boltz Pro works.
According to Kilian, the founder of Boltz, the balance of Boltz wallets and lightning stations is constantly changing, especially as the volume and speed of sats flowing through the platform increase.
So, the idea behind Boltz Pro is that users can help provide liquidity when Boltz balances go down.
Here is an example:
Let’s say Boltz is short on its bitcoin chain supply. Boltz will set its variable fee to -0.15% for bitcoin-to-Lightning swaps. This means that users are paid a fee of 0.15%.
Once Boltz has seen enough volume flow in this case and Boltz’s bitcoin wallet is refilled, the funds will return to normal.
You will not need to register to use Boltz Pro. Just keep an eye on when the payouts on the platform go bad and take advantage of this opportunity. And remember that Boltz never holds user fees, so you get to get these seats in an unreserved way.
This is the first place I’ll check when I want to move sats between a base chain and lightning or vice versa, as I’d much rather be paid to use Boltz than pay to use it.
Kudos to Boltz for allowing users to create a few sats to help them out.
This article is a Take it. The views expressed are entirely those of the author and do not reflect those of BTC Inc or Bitcoin Magazine.
Source link