TL; DR
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Stroom Network just raised $3.5 million to bring liquid staking to Bitcoin’s Lightning Network. (If Bitcoin’s main network was a bank account [slow n’ secure] the Lightning Network would be Apple Pay [fast n’ easy]).
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This kind of functionality does not really exist within the Bitcoin ecosystem. Providing holders with an easy set-n-forget way to earn interest on their BTC would be a HUGE new feature.
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$3.5 million in funding is pretty dismal, but honestly: each financing in the middle of a bear market is welcome news.
Full story
Agree, speed around!
Here’s the news:
Stroom Network just raised $3.5 million to bring liquid staking to Bitcoin’s Lightning Network. (If Bitcoin’s main network was a bank account [slow n’ secure] the Lightning Network would be Apple Pay [fast n’ easy]).
This is what ‘liquid strike’ means:
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You can lock your Bitcoin into an account to earn interest on your holdings (that’s the ‘staking’ part)…
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And you can take it out whenever you want (that’s the ‘liquid’ part).
Here’s what’s exciting about it:
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This kind of functionality does not really exist within the Bitcoin ecosystem. Providing holders with an easy set-n-forget way to earn interest on their BTC would be a HUGE new feature.
-
Sure, $3.5 million in funding is pretty dismal, but honestly: each financing in the middle of a bear market is welcome news.
Aaaand time. How did we do?