21 sats \ 3 replies \ @didiplaywell 25 Jul \ parent \ on: How does Muun even make money? lightning
Impressive. Would you mind making a post detailing this workflow? I'm sure many (as me) are not aware of any of this
This Muun blog post was super informative, as well as this Phoenix blog post.
I don't think this convoluted Kraken -> Muun -> hardware wallet strategy is going to be worth it in the long run. That's because it's exploiting both:
- the fact that Kraken is "too nice" with users who withdraw with Lightning (they should have a small % L2 fee like everyone does). Especially considering they're not nice at all with users who withdraw on L1, the contrast is too strange
- the fact that Muun is "too nice" with users like me who literally make them lose money
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Thank you for all the information Sr. I'm not going to use Muun that way but it's always constructive to know what's possible :)
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My pleasure friend! 🤝
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