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Yes. Some funds on ftx intended to test hedge engine of fiat channels. You may also need one anyway.
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You can hedge using 10101, bitcoin-only, no counterparty risk. https://10101.finance
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I don't think users are entirely isolated from third-party risk when using DLC channels. This is why I basically think Fiat channels model is just enough. Even more it is already improved if compared with USDT on TRON and this is a major competitor for Fiat channels provider, not DLC enabled LSP. This model is not really scalable.
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