Lnfi Network \ stacker news ~lightning

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839 sats \ 19 comments \ @south_korea_ln 21h lightning

Lnfi Network, a DeFi platform on Bitcoin’s Lightning Network, has integrated the RGB Protocol, enabling scalable, programmable assets on Bitcoin. Announced alongside RGB’s mainnet launch, this allows developers and users to trade and manage RGB-based assets using Lnfi’s infrastructure.

I don't follow much the web3 movement on top of Bitcoin, but it's still interesting to see that RGB is still there, and is being incorporated into projects' stack.

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55 sats \ 12 replies \ @optimism 21h

The thing that sprung out to me is that aside from all the taro shitcoins they seem to have perps BTC/USDT... but then, the "high yield LN mining" really sounds like a scam - also it's "sold out"

105 sats \ 11 replies \ @south_korea_ln OP 21h

Yeah i also saw something about earning $LN. I hope they did not go the shitcoin way after doing all the trouble of enabling the lightning network... But maybe that's what RGB is all about? Spawning tokens? Not sure, didn't check further...

82 sats \ 9 replies \ @optimism 21h

I was going to test the perps before I saw that. Without more detailed information and in-depth explanations why this is not a scam, this sits at -1 on the ethics curve.

"Invest" USDT 1000 for "gainz on mining LN" makes it too scammy to fuck with.

5 sats \ 8 replies \ @dariusnostr 19h freebie

Hi everyone, Darius here, co-founder at Lnfi.

Thanks for sharing our RGB integration here on stacker.news - which is a daily read for me though I dont post anything.

"high yield LN mining", "$1000 USDT", and "sold out" status. I totally get why these might raise eyebrows – crypto has its share of sketchy stuff, and healthy skepticism is important. Let me clarify how this actually works and also share more about our background.

We’ve been building on Lightning Network since 2022 and work closely with core Lightning developers. Our goal is simple: make Lightning more efficient, accessible and ubiquitous.

First, its true that 1,000 nodes have been "sold out" at $1,000 each to our community. Those purchase data all trackable and verifable aon chain. The $1,000 price tag comes attached additional protocol incentives, not just for an operational setup and management whereby one with technical capability can do it himself.

Second, the "high yield" will come from: (a) protocol incentives subsidised by revenue generated from our products including an orderbook exchange - LN Exchange. We boost yields temporarily using revenue from our other products to attract liquidity and bootstrap the network. This is the key reason yields are currently high – it's a strategic incentive, not magic. (b) routing fees - I guess this needs no explanation. (c) RFQ spreads - when a Taproot Asset e.g. USDT swap takes place over Lightning, edge node operator can capture a spread based on the BTC/USDT oracle price feeds. To capture this spread efficiently, one would have hedge his position to avoid impernament losses. This is also where our value-add comes in, we have dumbed it all down to enable easy hedging and rebalancing directly on our LN Exchange.

We believe incentivising node operators with competitive yields is crucial to grow Lightning's liquidity and make it cheaper/faster for everyone. It's about bootstrapping network effects.

We’re happy to share more details, technical docs, or even hop on a call to explain further. Calling something a scam without the full context can mislead folks who might genuinely benefit from what we're building. We’re here, we’re transparent, and we’re committed to Lightning.

Appreciate you giving us a chance to explain!

668 sats \ 3 replies \ @optimism 17h

First, its true that 1,000 nodes have been "sold out" at $1,000 each to our community.

Alright, so you claim to run 1/16th of the entire LN network in terms of infra, and if you didn't skim off, 1/64th of the liquidity.

Can you show me some node ids that you sold? Or some funding txs? These must be public if they are to generate routing fees.

Those purchase data all trackable and verifable aon chain

Okay, I'd like some txids.

0 sats \ 2 replies \ @dariusnostr 17h freebie

clearly shows you dont read and start making baseless assumptions and accusations. they are pre sold and will be deployed after LN Node is officially online.

105 sats \ 3 replies \ @ek 18h

Calling something a scam without the full context can mislead folks

Here is even more context:

Lnfi Launches High-Performance Trading Infrastructure for RGB20 Assets — PepeRGB ($PPRGB) Leads the Way

Introducing $PAY: The First Protocol Token Born on Lightning

Introducing LN Starter Launchpad & Initial Lightning Offering (ILO)

@remindme in 1 year

0 sats \ 2 replies \ @dariusnostr 18h

keyboard warrior?

view all 2 replies

136 sats \ 0 replies \ @3a42879d5f 12h

TL;DR: It's ERC-20 but on Bitcoin

130 sats \ 4 replies \ @optimism 14h

In case it wasn't clear: this is a scam.

100 sats \ 3 replies \ @SimpleStacker 6h

I checked their github. There are hardly any commits and most just seem like forks of other peoples' projects. I'm not really sure where any of their stuff lives, if there is any.

30 sats \ 2 replies \ @optimism 6h

Here's why: bullshit and servers are cheap.

I don't think they community-raised a million, but on the off chance that I am wrong, I mourn for the community's collective loss. Because not only did the proclaimed co-founder not answer any single question after hastily signing up under an alt, like scammers do. No, this co-founder refuses to follow through on their own assertions.

So all they need is for people to doubt my call here (and @ek's, who everyone on SN knows is not a bullshitter) and put money in. Like a real scammer does.

100 sats \ 1 reply \ @SimpleStacker 6h

Yeah so many scams are just a slick UI shell but nothing under the hood.

30 sats \ 0 replies \ @optimism 6h

Like FTX. Even their ToS were fake-it-until-you-make-it ("deposits guaranteed" lmaoooo) but SBF was in his head not going to be satisfied with "making it" as long as it be less fabulous than Earth Central's control over the galaxy from Neal Asher's sci-fi.

0 sats \ 0 replies \ @BlokchainB 20h

An RGB sighting 👀