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24 November 2020

Lightning Network's New Liquidity Marketplace Attracts a ‘Surprising’ Mix of Individuals, Enterprises - CoinDesk

Lightning Network's New Liquidity Marketplace Attracts a ‘Surprising’ Mix of Individuals, Enterprises - CoinDesk


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According to data from a community-built Lightning Pool tweet bot, the service has several dozen active users (Lightning Labs declined to give an exact figure).

Through the service, Lightning Network users can lease liquidity from other Lightning users to access the liquidity necessary to route payments through the network.

Openoms has been testing Pool since before its public launch and is“very impressed,” adding the service is “an efficiency gain for allocating capital.” Lightning Labs also batches the transactions to fund the payment channels that are being leased, meaning Pool users can save money on fees by splitting them among multiple participants.

Pool has been crowded mainly with individual users since shortly after launch, but Gentry thinks businesses will correct this balance over time as the service matures.

“We anticipate increased demand from businesses and enterprise users as Pool matures because they will likely have more consistent liquidity needs when using Lightning, or may want to enable their end users to earn returns on their funds,” he told CoinDesk.

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