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0 sats \ 5 replies \ @go 27 Oct 2022 \ on: USD added to the Bitcoin Beach wallet. bitcoin

The current Stablesats implementation uses the bitcoin derivatives market, specifically an instrument called perpetual inverse swap to create synthetic USD.

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7 sats \ 0 replies \ @agbegin 27 Oct 2022

Nicolas Burtey (Founder of Galoy) gave an overview of how it works recently for the BOLT FUN Legends of Lightning tournament https://www.youtube.com/watch?v=OhSSEFwSPDM

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0 sats \ 3 replies \ @iguano OP 27 Oct 2022

who is the one managing this "oracle"?

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10 sats \ 2 replies \ @go 27 Oct 2022

A group/co called Galloy https://galoy.io/announcing-stablesats-bringing-usd-to-the-lightning-network/
They're behind the Bitcoin Beach wallet and other projects

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0 sats \ 1 reply \ @iguano OP 27 Oct 2022

I see, same wallet developer.

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0 sats \ 0 replies \ @agbegin 27 Oct 2022
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