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2 sats \ 1 reply \ @msubs1 15 Mar 2022 freebie \ on: @nicolasburtey AMA: Building Bitcoin Banks, FOSS, USD over Lightning, Bitcoin Beach Wallet, Liquidity fee structures for wallets bitcoin
Hi Nicolas - could you please discuss the fee structures for Bitcoin banks?
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45 sats \ 0 replies \ @nb OP 15 Mar 2022 freebie
the tl;dr is that any wallet that offers both lightning and onchain payment option will get arbitraged by users who needs to swap out their funds from lightning to onchain
a solution for that is to have dynamic fee that compensate for the imbalance created by users that are doing too much loop out
full paper is here: https://github.com/GaloyMoney/liquidity-fees-paper
happy to answer more questions on it
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