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Today, Boltz is launching Boltz Proa service that allows users to help Boltz manage their bitcoin wallet and Lightning channel liquidity, and I plan to try it out.
But first some background on how Boltz Pro works.
According to Boltz co-founder Kilian, the balances of Boltz wallets and Lightning channels are constantly changing, especially as the volume and speed of sats flowing through the platform increases.
So the idea behind Boltz Pro is that users can help provide liquidity for swaps in case Boltz balances run out.
Here is an example:
Let's say Boltz is running out of supply of bitcoins on his base chain. Boltz will set its dynamic fee at -0.15% for bitcoin to Lightning exchanges. This means that users are paid a 0.15% fee.
Once Boltz has seen enough volume flow in this direction and the Boltz bitcoin wallet is reloaded, the fees will return to normal.
You won't need to register to use Boltz Pro. Just keep an eye out for https://pro.boltz.exchange/ for when the rates on the platform are negative and take advantage of the opportunity. And keep in mind that Boltz never takes ownership of user funds, so you can get these sats non-custodial.
This is now the first place I'll check when looking to move sats between base chain and Lightning or vice versa, as I'd rather get paid to use Boltz than pay to use it.
Kudos to Boltz for allowing users to do some extra sats to help them out.
This article is a Carry. The opinions expressed are entirely those of the author and do not necessarily reflect those of btc Inc or bitcoin Magazine.