The team behind Nervos Network (CKB) has proposed UTXO Stack, a decentralized liquidity staking layer to tackle the limitations of the Bitcoin Lightning Network (LN), such as liquidity issues, onboarding barriers, and the lack of stablecoin support. Their approach integrates the LN with the Fiber Network to create a Hybrid Network, introducing stablecoins, automated liquidity management, and zero-cost channel opening.
Key features include:
- Decentralized Liquidity Staking Pool (DLSP): Improves liquidity efficiency by enabling liquid staking derivatives and automated management.
- Hybrid Network: Integrates LN with Fiber Network for stablecoin support and better connectivity, so you can pay with bitcoin and merchant receives USD stablecoin
- Zero-Cost Onboarding: Simplifies LN adoption by advancing funds for channel setup.
They also propose use cases like decentralized swaps, AI agent payments, and composability with DeFi. The project aims to create a scalable, user-friendly payment system aligned with Web5 principles.
What do you think about this solution? Can it truly address LN's challenges and drive mass adoption?
Source: https://www.utxostack.network/
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