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0 sats \ 2 replies \ @south_korea_ln 29 May \ parent \ on: CashApp is making nearly 10% APR (aka yield) on its bitcoin via lightning lightning
Yeah, that's indeed not the full picture i gave.
I had however managed the rather pleasant scenario where people would just keep opening channels with me basically becoming the N-2 node towards LOOP. As i would very actively rebalance, they could set high ppm towards me and profit down the river. I ended up with 3 to 1 rate in terms of inbound versus my outbound. It happened naturally without me looking for extra inbound. People would just tell other people to open with me and they'd profit.
That was a few years back, so not sure how it works now.
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0 sats \ 1 reply \ @SwapMarket 29 May
Then I don't understand those people. They should have opened directly to LOOP. Inbound is expensive these days...
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5 sats \ 0 replies \ @south_korea_ln 29 May
It was the days of Umbrel plebs. Many people didn't understand what they were doing.
Many likely didn't know i was using them for LOOP liquidity. They were just happy to see routing activity.
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