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The wait is over! Liquid activated discounted CTs on mainnet!!!
212 sats \ 16 comments \ @SwapMarket 15 Dec bitcoin
It now costs only about 40 sats to send Liquid BTC and other assets confidentially.
MiddleWay, one of our alternative swaps provider, already activated the feature and now beats Boltz on price for any amount:
We are still waiting for Esplora to upgrade, so we can launch our L-BTC/USDt swaps on mainnet.
Hopefully, next week. The link will stay the same.
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12 sats \ 0 replies \ @SwapMarket OP 15 Dec
Caveat emptor: only 10/15 functionaries upgraded so far, so sometimes tx will skip a block (extra wait of 1 minute). Also, explorers https://liquid.network and https://blockstream.info cannot broadcast raw transactions yet. That is why Liquid did not officially announced it. But it works )))
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1 sat \ 2 replies \ @OT 15 Dec
The first and third screenshots look like boltz. Is it using boltz on the back end like diamondhands?
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11 sats \ 1 reply \ @SwapMarket OP 15 Dec
Yes. The front end is a fork that adds choice of backend nodes. All of them run Boltz backend. Diamondhands did not update their fork in years.
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0 sats \ 0 replies \ @OT 15 Dec
I think they're phasing it out.
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0 sats \ 8 replies \ @ama 15 Dec
I hope for swaps to RSK assets other than rBTC follow soon as well. I don't use stablecoins baked by USD, of course, but backed by Bitcoin stablecoins, like DOC, is a completely different story, and I might want to use them sometimes. I've just tried playing around with a couple of DOC and ZUSD, and that's something compared to the joke that USDT is.
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11 sats \ 7 replies \ @SwapMarket OP 15 Dec
RSK has high fees and a smaller federation than Liquid, so we did not play with it. How can one stable coin be better than another until one of them fails?
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0 sats \ 6 replies \ @ama 15 Dec
Trust. A stable coin backed by BTC is better than one backed by USD, because you don't need to trust anybody keeping any fiat on any bank. I happily pay the higher fees on RSK.
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0 sats \ 1 reply \ @SwapMarket OP 15 Dec
"access is prohibited if you are a person or entity considered a citizen, resident, or taxpayer in a jurisdiction that is forbidden or restricted to operating or using the Money On Chain Decentralized Stablecoin Protocol." And ask me to accept T&C. Not permissionless.
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0 sats \ 0 replies \ @ama 15 Dec
They can't prevent you from using it. If you happen to be on a place where using BTC is considered ilegal, it'd be the same and nobody could prevent you from using BTC.
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0 sats \ 3 replies \ @SwapMarket OP 15 Dec
You will trust some stabilizing algorithm and that nerds at hedge funds won't crack it like Terra/Luna.
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0 sats \ 2 replies \ @ama 15 Dec
I gladly take that risk over the one I'd be taking with USDT backed by USD.
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0 sats \ 1 reply \ @SwapMarket OP 15 Dec
But what is the point to take any exposure to a deflating fiat token?
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0 sats \ 0 replies \ @ama 15 Dec
As I said before, I have never used any, other than playing around a little with DOC for the sake of learning. But then, again, in the case I'd wanted to use one in the future, it wouldn't be one backed by USD, like USDT, etc.
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0 sats \ 2 replies \ @Rsync25 15 Dec
How will work L-BTC/USDT? It’s using Boltz front end? It will have liquidity enough?
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11 sats \ 1 reply \ @SwapMarket OP 15 Dec
No, different principle. The front end code is much simpler, so that everyone can audit it. More details and FAQ here.
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0 sats \ 0 replies \ @Rsync25 15 Dec
Cool
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