Thanks for the mention

We want to ensure that our system is stable enough and will open up the closed beta for additional users step by step.

Yes, 10101 will act as a LSP so that you can open a LN channel via lightning :)

Thanks for pointing it out. It's good to be reminded sometimes that we are living in our own little bubble :)

We will see to improve on that.

Thanks @super_testnet for the response.

We always see the oracle as a judge of last resort, i.e. if two parties engage in a trade and open a DLC then they can always settle the DLC collaboratively. Only if the parties do not agree they take the oracle's signature and go on-chain to get their funds. The core idea behind these oracles is that they are not even aware that they are involved in a DLC. That being said, a DLC can always be settled without the oracle say-so.

What you are describing I would not call an oracle anymore as it is actively involved in the transaction creation. It is nevertheless an interesting idea, I'd consider a setup like this for my kids: i.e. if they want to spend more than X they have to at least get a second signature from their mum or dad 😅

The same solution can obviously also be used as a 2FA as you describe, i.e. you have one key on your phone and on on desktop and you need both devices to confirm tx over a specific amount.

I assume you are already aware of the general use case for trading.

The use case for a self-custodial on-chain and off-chain wallet is that it gives users full control over their assets and eliminates the need to trust a third party with their private keys, i.e. it is self-custodial!

In 10101, we add an additional feature to the wallet which allows users to trade right out of their lightning channel without having to trust their counterparty. A positive side effect of the derivatives we are offering is that if you are shorting Bitcoin, you are stable in USD terms. This results in the creation of a synthetic stablecoin that does not require trust in the issuer, such as Tether or Circle.

Trades (and Stablesats) are always fully collateralized and users can be sure that they will be able to retrieve the profits.

This is particularly useful for individuals who prioritize security and privacy in their financial transactions.

By keeping control of their own keys, users can ensure that their assets are always under their own control and cannot be compromised by hacks or malicious actors (e.g. FTX, MtGox, etc). This allows for more secure and decentralized trading.

We believe that a synthetic stable coin (Stablesats) and self-custodial trading can help to increase user adoption of Bitcoin itself.