TL;DR
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Stroom Network has just raised $3.5M to bring liquid staking to Bitcoin’s Lightning Network. (If Bitcoin’s Main Network were a bank account [slow n’ secure] the Lightning Network would be Apple Pay [fast n’ easy]).
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This kind of functionality doesn’t really exist within the Bitcoin ecosystem. Giving holders an easy ‘set-n-forget’ way to earn interest on their BTC would be a HUGE new feature.
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$3.5M in funding is pretty dismal – but honestly, any funding in the midst of a bear market is welcomed news.
Full Story
Alright, speed round!
Here’s the news:
Stroom Network has just raised $3.5M to bring liquid staking to Bitcoin’s Lightning Network. (If Bitcoin’s Main Network were a bank account [slow n’ secure] the Lightning Network would be Apple Pay [fast n’ easy]).
Here’s what ‘liquid staking’ means:
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You can lock your Bitcoin in 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 doesn’t really exist within the Bitcoin ecosystem. Giving holders an easy ‘set-n-forget’ way to earn interest on their BTC would be a HUGE new feature.
-
Sure, $3.5M in funding is pretty dismal – but honestly, any funding in the midst of a bear market is welcomed news.
Aaaand time. How’d we do?
