Data analytics firm Amboss has launched Lightning Network Rate (Liner), a tool that simplifies the process of generating yield on Bitcoin's Lightning Network by providing key insights into yield opportunities on the network. Lightning is a second-layer payment network for cheaper and faster bitcoin transactions that requires users to acquire liquidity by first committing bitcoin to a payment channel.
Service providers on the network will commit funds, open payment channels and temporarily lease excess liquidity to users for a fee, thereby generating yield on their committed funds. Amboss's Liner will be the marketplace's benchmark rate for measuring bitcoin returns on committed capital, allowing liquidity providers to determine whether committing their capital will be worth their while.
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