106 sats \ 6 replies \ @k00b 28 Feb \ on: Lightning native exchange lightning
This sounds somewhat like Kollider but I don't know if Kollider works with HTLCs like this.
From the docs:
To bring life to the schema, Flashnet leverages a sophisticated framework composed of several key components: a state-of-the-art centralized limit order book (CLOB), strategic peering relationships, and advanced routing services.
Seems centralized only in terms of coordination. I'm curious what is being swapped and how? LN to BTC and other chains that support hash timelocks?
write
preview
660 sats \ 0 replies \ @ethanmarcus OP 29 Feb
Centralized matching, trust-less lightning settlement. Anything you can put in a Lightning channel can be traded. Our focus is stables on UTXO token protocols. All Bitcoin native :)
Made the compromise of centralized matching as we optimized for performance. The actual capital settlement/trade is trustless on LN.
More than happy to dive into things if you want: t.me/lnpolarity
reply
426 sats \ 4 replies \ @kr 28 Feb
not sure if Kollider worked that way either, but Kollider closed up shop in November
https://kollider.substack.com/p/announcing-the-closure-of-kollider?utm_source=profile&utm_medium=reader2
reply
742 sats \ 0 replies \ @ethanmarcus OP 29 Feb
Kollider was a centralized derivatives exchange that had you deposit funds.
We are purely spot! Plus LNMarkets is killing the derivative game with ATHs
reply
0 sats \ 2 replies \ @BlokchainB 29 Feb
As a Kollider user it had great UI but the back end struggled. Plus they really lacked focus the added Eth/USDT pair at one time.
reply
196 sats \ 1 reply \ @chairman_pretense 29 Feb
Think they were really tight on resources, so the eth pivot was a desperate attempt to find a money maker.
reply
0 sats \ 0 replies \ @BlokchainB 29 Feb
But ETH?!! Goes to show they didn’t think about their business model
reply