1/20 Amboss Magma Liquidity Marketplace
I tested this new service and it really fills an amazing gap! Let’s walk through the buying process! And check the announcement of @ambosstech here:
ambosstech.medium.com/magma-announce…
#LightningLiquidity #LightningNetwork @Jestopher_BTC @tonyioi
2/20 The need for Lightning Liquidity is big and will become much bigger in the near future!
Listen also to Episode 8 of @ctw_podcast with @alexbosworth of @lightning, where he elaborates on how he likes to spend his sats😉
#LightningNetwork @Joni_Kyasshu
3/20 Inbound liquidity is one of the biggest challenges for onboarding new people. At @TheBitcoinConf 2022 in Miami there was a panel discussion with the title “Lightning Service Providers and Liquidity”.
#Bitcoin2022 @Blockstream @RyanTheGentry #Bitcoin
4/20 Dual Funded Channels on demand. Liquidity ads can help advertise requests from a peer directly over the Lightning gossip network. Check this webinar by Lisa Neigut of @Blockstream about Dual Funded Channels:
5/20 How do I set up Liquidity Ads in Core Lightning? Lisa Neigut of @Blockstream wrote a blog to setup liquidity ads in @Core_LN. Still very experimental, but that’s what we all still need right now!
medium.com/blockstream/se…
6/20 Find new inbound capacity quickly to keep receiving Lightning payments for your business with Liquidity Adds. Important but still difficult and the UI needs more development...
#LightningNetwork #Bitcoin
7/20 A lot of initiatives for Liquidity Adds. For example Flow from @voltage_cloud: Check this article by @BitcoinMagazine: bitcoinmagazine.com/business/light…!
#LightningNetwork #Bitcoin
8/20 And Liquidity Ad Marketplace of LnRouter of @lnrouter: lnrouter.app/liquidity-ads
#LightningNetwork #Bitcoin #LightningLiquidity
9/20 magma from @ambosstech fills the gap! In times of development we need to experiment! If not a prime member sellers pay 10% to Amboss of only the sale revenue, not the channel liquidity. You support Amboss’ dev with this small contribution.
amboss.space/magma
10/20 What magma does differently. They make use of HODL invoices. This invoice needs 3 confirmations before completing the purchase. Amboss also tracks reputation and removes cheaters or offenders. Minimum risk for both parties and LN beginners!
github.com/lightningnetwo…
@joostjgr
11/20 Start with comparing offers! Amboss created a new statistic for it, 1M sat APR. It’s the cost to a merchant for purchasing a 1 million satoshi (0.01 BTC) channel over a 1 year period.
docs.amboss.space/space/magma
12/20 Create an Order! Copy the Tor Address and make and add the node as a peer. Choose the channel size that you want and check the fee info and costs.
13/20 Step 1 Waiting for Seller Approval. Wait for the next step. The seller needs to approve before going to the next step.
14/20 Step 2 Waiting for Buyer to Pay. Check the order summary and pay the invoice. When you use the @ambosstech Telegram bot, you receive a message of every action.
15/20 Step 3 Waiting for Channel Open. Here you wait for the seller to open the new channel. You can check the status with the Amboss bot or with Balance of Satoshis of @alexbosworth.
16/20 Step 4 Seller Sent Transaction. Now the 3 confirmations are being monitored before releasing the payment to the seller.
17/20 Step 5 Seller Opened the Channel. Amboss monitors the graph (gossip) to validate the channel.
18/20 step 6 Valid Channel Seen. Amboss verified the channel in the graph and you’re set to go! Keep those sats flowing!
19/20 Conclusion
Magma is an easy way to buy inbound liquidity channels with big nodes that enhance your connectivity. The right balance between inbound and outbound is still important; you need outbound liquidity in other channels.
20/20 Difference with @SatoshiRadioROF?
RoF is a social experience with a bunch of Lightning friends from all over the world. The goal is always to have (semi) balanced channels together! ⚡️💪🏻
Try it out, stay on top of it all and prepare for the future!
map.rof.tools
Great question @PatrickvdMeijde from #BitKassa by the way! 😉👍🏻
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