Key info:
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It’s presently in section 2 of early entry for a closed viewers.
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This alternate makes use of the Nostr protocol.
LN Change is a novel resolution that expands the use instances of the Lightning Community, the second layer for bitcoin funds, by being constructed on high of it.
It’s a platform whose goal, as reported within the mission documentation, is to supply a decentralized alternate home. the place to commerce bitcoin and taproot belongings P2P, spot and perpetual.
Taproot Belongings are a protocol with the power to challenge Bitcoin belongings that may be transferred by way of Lightning Community channels. These Lightning belongings are based mostly on the enhancements of the Taproot replace.
LN Change is powered by Lnfi Community, a monetary layer that strikes asset tokenization to the Lightning Community and integrates the Nostr protocol because the messaging layer that “permits customers to submit their bid and request orders to LN Change to match and execute orders.”
LN Change is in personal testing section
By means of a tweet on social media platform X, LN Change introduced that “the primary order e-book has arrived on Lightning!” Beginning on September 2, 2024, sure customers included within the closed whitelist can now enter the platform’s early section 2.
Based on one other submit from the alternate, by assembly sure necessities new customers can enter the whitelist. Methodology one is to test in case you are eligible to enter and apply in a kind, which may be entry utilizing a QR code.
Step two includes transferring 1,000 USDT by way of the platform’s interchain bridge, LN Bridge.
What does LN Change presently supply?
At the moment, the buying and selling platform permits connecting to Nostr by way of wallets that assist the Injected module and the OKX pockets, TokenPocket, OneKey and the Albi browser extension.
On the time of writing, LN Change permits entry to the buying and selling window and observe it from exterior. It’s not possible for the time being except you belong to the whitelist of the platform.
The buying and selling window has the attribute integration with TradingView and, basically, it doesn’t differ a lot from different easy buying and selling modules constructed on second layers: it means that you can see the order e-book on the suitable and to modify from spot to perpetual within the high menu.
Affords as well as a factors and rewards system by way of which customers can earn LN factors for his or her contribution within the varied phases of the mission. Though the platform doesn’t make clear what these factors are for or learn how to use them.
The platform additionally goals to supply different providers in its full kind. Considered one of them is a split-custody service “the place person funds are securely saved on LN Change’s Lightning node.”
Sooner or later, LN Change intends to include Pocket Universea system that requires “each the node operator and the person to approve any fund motion requests,” the documentation says. Additionally they purpose to supply a full self-custody and node setup service on the Lightning Community.
With these initiatives, LN Change joins different options that exist already on Lightning and that enable cryptocurrency buying and selling. Considered one of them is LN Markets, which permits derivatives buying and selling (futures and choices) on the second layer. 10101 is one other buying and selling platform on Lightning, additionally for derivatives.