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105 sats \ 11 replies \ @south_korea_ln OP 10h \ parent \ on: Lnfi Network lightning
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...
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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!
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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.
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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.
Calling something a scam without the full context can mislead folks
Here is even more context:
@remindme in 1 year
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keyboard warrior?
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citing project and product launches as scam? im sure a lightning app dev can engage more substantively.
TL;DR: It's ERC-20 but on Bitcoin
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