With the high on chain fees continuing for now, we see that no one is making use of the liquid sidechain.
If you get another chance, it might be time to put a small portion of your stack into liquid for times like these. Personally my main use case is to simply refill lightning channels. But if more people were more accepting of using liquid I'd use it to buy/sell also.
Just sayin, it might be something to look at again if or when main chain fees come down.
I have also used it with lend.hodlhodl.com, to get USDT loan to buy more BTC.
Got a pointer to a guide? I’m in a situation right now where I feel stuck on my lightning setup and would like to have this backup in place.
There are a bunch of guides out there from BTCsessioms & block stream.
I think there are a number of exchanges that use liquid like Bitfinex & BTSE.
Apps holding the keys yourself there is side swap & green wallet.
For swaps you can use boltz or robosats.
Sideswap does swaps for a 0.1% fee, better than Boltz which I believe charges 0.3%, and Liquid->base chain swaps usually come off their hot wallet rather than a full federation peg-out, so it's faster and there is no link between the Liquid address and the base chain address.
Drop a first to drop liquid address I’ll send them 10,000 Liquid Sats
VJLFuVXwJZ4YcvDuxdcPhVYPDysBWyqhMhg3qSkBC3D1rDMekPaqQ3FTwDJxhbgjyRATV1VyMYUBH2eU
https://m.stacker.news/5219
Thank you for the sats! I was able to diffuse it straight back into the LN.
This was a cheap and painless operation.
Total cost: 435 sats
https://m.stacker.news/5225 https://m.stacker.news/5224 https://m.stacker.news/5222 https://m.stacker.news/5223
L-BTC Wallet: Aqua
LN Wallet: Zeus
Amazing! The aqua wallet is up and working
I did not realize it had been removed from the app store. The app still works, and this tweet from Blockstream on August 8th https://twitter.com/Blockstream/status/1689013099838296067 says Jan3 will release a new version soon!
What is Liquid . I've only ever heard this mentioned when browsing the Blockstream webstite where they mention that there product "Blockstream Jade" can do something or other with "Liquid" .
Hit me with the elevator pitch . . .
It's basically a bitcoin side chain
Side chain ?
Not Bitcoin, but another crypto currency which connects to Bitcoin via "bridges".
I don't really know this liquid but I guess the process is similar to:
You send bitcoin to a bitcoin wallet and receive a token on the liquid sidechain which represents your bitcoin. This liquid token is cheaper to transfer. Then at some point you want to swap out, so you send your liquid token to some wallet, and those liquid tokens are destroyed, and you receive the amount of bitcoin they represent into a wallet you control.
Found this if you're more interested. I don't know, I'm automatically not a fan of sidechains.
https://help.blockstream.com/hc/en-us/articles/900001408623-How-does-Liquid-Bitcoin-L-BTC-work-
I made this PoC where you can buy gift cards (and VISA cards) from The Bitcoin Company with Liquid:
https://joaobordalo.com/labs/tbc/
Under the hood it makes a swap LBTC => LN using Boltz and you need Marina wallet.
What are the iOS liquid wallets?
Blockstream Green
Aqua and Sideswap
Marina
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#318849
If you can't find it that means, these options:
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My guides are mainly "by request" from my private padawans.
They ask me questions and if I see that some aspects are asked to many times, I write a guide so I do not have to repeat myself too many times.
I use my guides to educate more people using Bitcoin.
Don't think that my activity is only on SN... I have hundreds of noobs with which I discuss in private through other channels and even in person.
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