Liquid and Lightning are back on BULL Wallet.
You can now send and receive Lightning payments and exchange L-BTC back to on-chain Bitcoin.
Liquid payments have also resumed on BULL Exchange.
Question: How come the
L-BTC in circulation 4,234.76 LBTC
&
BTC Holdings 3,632.23 BTC
Still haven’t changed a single sats since the hackers returned the 3400 BTC
Even after @AQUA Wallet allowed the Indra Swaps to Lightning from Liquid.
And why not keep it Lightning only or make it a option to choose between Lightning or Liquid with the (DCA) buys on the instant wallet?
Worth knowing what the peg actually is before swapping: every L-BTC is backed by an equal amount of BTC held by the Liquid Federation in a federated multisig, run by 15 functionaries with an 11 of 15 quorum. Faster and more predictable than on-chain, but you are trusting that known group, not Bitcoin's proof of work.
Any update on the consistent following error when trying to swap out or transfer to described allowed options? Amount exceeds maximum swap amount: 200000000 sats
- Transfers between L-BTC and Lightning have a minimum of 1,000 sats and a maximum of 0.25 BTC per transfer.
- Converting L-BTC to BTC has a minimum of 10,000 sats and a maximum of 0.25 BTC per transfer.
Read our blogpost for all details 👇
Done. To be clear, the account was within the limits, the error was incorrectly saying it was over that amount, but the error had been resolved now on your side. Thank you.