10101 Closed Beta Launch Imminent
4691 sats \ 9 comments \ @10101 11 Apr 2023 bitcoin
Hello Stackers,
we are close to launch our closed beta of our new Lightning Wallet which allows you to trade BTC/USD perpetuals right out of your Lightning Channel, without having to hand over control of your coins nor having to trust your counterparty.
Make sure to sign-up on our waiting list: https://10101.finance and be among the first to get access!
Cheers
write
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7 sats \ 0 replies \ @lightcoin 12 Apr 2023
I see that in your intro blog post, it says this about the oracle:
Regardless, putting too much trust into any one oracle is inadvisable, particularly as the size of the contract increases. With this in mind, one can create DLCs governed by multiple oracles, where only a subset of them (e.g. 2-of-3 or 5-of-9) need to agree on the outcome of an event for the funds to be divvied up in a particular way.
How is the oracle actually implemented in 10101? And who is/are the oracle(s)?
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10 sats \ 1 reply \ @pi 11 Apr 2023
Nice. I thought DLCs were not yet functional on lightning?
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10 sats \ 0 replies \ @pi 11 Apr 2023
Ok, found the answer to my question here: https://10101.substack.com/p/noncustodial-trading-with-10101
Lightning doesn't currently support DLCs out of the box. This means that we need to make changes to a regular Lightning node in order to make this happen. This is exactly what we started doing for our project for the Legends of Lightning tournament organised by BOLT.FUN. Under the name of 10101, we built a proof-of-concept mobile Lightning wallet, with CFD trading as its flagship feature.
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0 sats \ 1 reply \ @go 11 Apr 2023
Are you acting as the LSP?
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10 sats \ 0 replies \ @10101 OP 11 Apr 2023
Yes, 10101 will act as a LSP so that you can open a LN channel via lightning :)
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0 sats \ 1 reply \ @NotMeNeither 11 Apr 2023
Why do you have a closed beta?
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10 sats \ 0 replies \ @10101 OP 11 Apr 2023
We want to ensure that our system is stable enough and will open up the closed beta for additional users step by step.
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0 sats \ 0 replies \ @siggy47 11 Apr 2023
I dislike the idea of trading, but to each his own. It seems like a good wallet.
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0 sats \ 0 replies \ @03f66667ef 11 Apr 2023 freebie
great stuff, can't wait to give this a try :)