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Another Bitcoin DLC platform bites the dust. Bye Bye Atomic Finance
1371 sats \ 4 comments \ @BlokchainB 13h bitcoin
It was a good run but Atomic Finance is winding down and merging its IP with Lygos a Bitcoin lending platform.
This is bitter sweet for me. I was a beta tester of their app and used their products to try to gain yield on my BTC. Tony and Matt were a great team the community was strong and I really enjoyed the app.
But with the KYC shakedown that happened they pulled out the American market. I knew once they did that their app was doomed to generate any real revenues and now another great DLC product comes to an end.
I know this must be tough for Tony and Matt (who I met in person at TABCONF last year) but hopefully this new venture they refocus and work on delivering a new product to the Bitcoin ecosystem that all Bitcoiners can benefit from.
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81 sats \ 0 replies \ @HardMoney 19m
The hard thing with DLC options is unless you’re a whale the transaction fees can kill your gains. I remember during the halving transaction spike there was a little bit of friction in both elevated fees but also in the settlement transaction posting to the chain since the initial fee signed months ago was too low
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65 sats \ 0 replies \ @grayruby 11h
I had their app for awhile and it always seemed the funds were full so I thought it was doing well. I never invested though.
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53 sats \ 1 reply \ @OT 12h
Not enough interest in DLC's or not enough marketing to get through the noise?
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0 sats \ 0 replies \ @BlokchainB OP 12h
I think a little of both
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