nwoodfine

lightning

We surveyed bitcoin yield to help us price Ark’s liquidity. Many Ark operations lock up bitcoin (refreshes, Lightning payments, offboards), so the cost of capital matters to us. Across exchange savings, DeFi, funds, and Lightning, yields cluster in a 1–4% band. Convenience vs risk seem to be the primary factors driving those rates.

We were pleasantly surprised to see Lightning representing—some very competitive yields without requiring users to give up custody. Demonstrates that users truly see sufficient utility in bitcoin payments to pay those rates. 

Read the article for more comparisons and analysis.

A survey of bitcoin yield: What's the opportunity cost of bitcoin liquidity?

Working on new bitcoin layer 2 payment systems with [Second](https://second.tech)

@nwoodfine's bio

We released our implementation of the Ark protocol on signet today. If you're interested in trying out this new layer 2 and seeing how it can enable simple *and* self-custodial Lightning payments, it's a good time to check it out! We've even set up a "store" where you can spend your signet sats over Lightning :) 