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11 sats \ 0 replies \ @boltz 1 Jan \ parent \ on: Earn Bitcoin For Providing Liquidity Via Boltz Pro bitcoin
True that
Most common for end users definitely Phoenix wallet, which supports Bolt12 since summer: https://x.com/PhoenixWallet/status/1808547081214439494
This makes sense, because paying a lightning invoice is truly anonymous, while getting paid doxes your node
Probably more because inbound liquidity is the scarce resource.
So you don't earn free sats, but sell your privacy in the process.
Use Bolt12 with blinded paths!
Nice write-up and thanks for the kind words! We are on Stacker too, so just @boltz for questions ✌️
As send to and receive from Lightning within Aqua is powered by Boltz, we are present in their Telegram group and are taking support requests there. But we are not admins.
20 sats \ 1 reply \ @boltz OP 8 Dec 2023 \ parent \ on: I'm Kilian, Co-Founder of Boltz. AMA. bitcoin
We had one significant vulnerability pretty early on: https://blog.boltz.exchange/p/the-problem-with-free-options-69f9f59a2d48. But it was never user funds at risk. Just ours :/ Nothing in recent years.
Downtimes: many. Scroll through our twitter and you'll see the pain we went through. Mostly caused by either crashes of our LND e.g. https://nitter.net/Boltzhq/status/1666434127321522185 or planned restarts of our LND node to do the necessary db compaction. Most significant down time in recent history was back in May because we were unprepared for the fee hike see https://nitter.net/Boltzhq/status/1656013583124242437.
We have learned from this a ton, worked a lot to prevent both from causing significant down time again in the future (second CLN node as failover see #339248, also huge work went into automating our liquidity management) and things look a lot better now.
10 sats \ 0 replies \ @boltz OP 6 Dec 2023 \ parent \ on: I'm Kilian, Co-Founder of Boltz. AMA. bitcoin
Good question, incredibly difficult topic. We spent many hours debating this in the last months as we grew. Let me try to be very transparent about the outcome:
What? We will "not facilitate swaps involving any of these bitcoin addresses: https://github.com/0xB10C/ofac-sanctioned-digital-currency-addresses/blob/lists/sanctioned_addresses_XBT.txt", 376 as of today. Not more, but also not less.
Why (Short version)? : Because we can't become a tool that is used for serious crime. If we do, we won't make it. And we really want to make it.
Why (Long version)?: Many of our users use Boltz Swaps to increase privacy for very legit use cases, e.g. when depositing or withdrawing from KYCed services like CEXes or as precaution when e.g. moving to cold storage. We will be blocked by these services, the same way many of these services freeze your account if you deposit from addresses that were involved in a mixer/coinjoin. It would render Boltz useless for many of users, while it would help exactly none because we didn't have a single swap involving an OFAC listed address in the past. And anyways most addresses on this list are emptied or otherwise dormant. Also, as we are driving integrations of our API forward, some partners simply require us to be "OFAC compliant" otherwise they can't integrate. Because they are based in the U.S. or otherwise. So far the rational arguments.
I chose to do the risky thing and be blunt. Would love to hear your point of view!
10 sats \ 0 replies \ @boltz OP 6 Dec 2023 \ parent \ on: I'm Kilian, Co-Founder of Boltz. AMA. bitcoin
This. It's the only thing we have that is stable and battle-tested. Explorers, wallets (many more to come), dev tooling, even some exchange integrations. It's all there and ready, one just needs to use it. Goes without saying that many things can be improved and goes without saying we'll closely watch Fedi.
It's hard because we want to make these swaps taproot-native right from the beginning to avoid adding a swap type that will be obsolete just a month or two later. So taproot/musig2 is the big thing @michael1011 is currently working on. Liquid<>mainchain swaps itself are very similar to our submarine swaps.
PS: we'll move our existing submarine swaps to native taproot too ✌️
0 sats \ 1 reply \ @boltz OP 5 Dec 2023 \ parent \ on: I'm Kilian, Co-Founder of Boltz. AMA. bitcoin
Write a song about it :D
10 sats \ 0 replies \ @boltz OP 5 Dec 2023 \ parent \ on: I'm Kilian, Co-Founder of Boltz. AMA. bitcoin
Become an LSP (https://github.com/BitcoinAndLightningLayerSpecs/lsp)? Potentially. We have it in our backlog but not a prio rn.
10 sats \ 3 replies \ @boltz OP 5 Dec 2023 \ parent \ on: I'm Kilian, Co-Founder of Boltz. AMA. bitcoin
Maybe with LN to onchain swaps coordinating with join market or on nostr (joinstr) with an equal output (or a few!) would be cool
Love it, wen github gist?
30 sats \ 0 replies \ @boltz OP 5 Dec 2023 \ parent \ on: I'm Kilian, Co-Founder of Boltz. AMA. bitcoin
🙏
11 sats \ 0 replies \ @boltz OP 5 Dec 2023 \ parent \ on: I'm Kilian, Co-Founder of Boltz. AMA. bitcoin
We didn't change anything on the site in the past days and definitely not in the last 40 mins. Can you spot what's different?
Regarding not working: I guess you are using LN -> Liquid swaps. So while I was here bragging about almost never running out of liquidity some big swappers came in and brutally emptied out our liquid wallet. We are refilling should be back in some mins. Just try again in a bit. I should watch my mouth.