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Can we give your users a remote connection to our Bitcoin rewards wallet?
Yes, let's talk. Email me at hello@lexe.app
Also, does it have a similar fee model? Hosting the secure enclave for individuals has a cost. Is the money made from routing LN fees?
Yes, we make money from routing fees. The node hosting itself is free because we've found ways to make it very efficient.
I see lightning channels are dropping lately. Think this will help? Is prove the issue?
Your channels with Lexe are private, so they won't contribute to the public channel metrics. The number of public channels may be decreasing but the number of private channels is almost certainly increasing.
Nostr Wallet Connect is in the works! We have most of it implemented, but turns out NIP-44 adoption isn't that widespread, so we need to downgrade to NIP-04 and do some testing to get it working. We've set up the relay hooks but still need to productionize / deploy our relay.
Lightning has always been broken in one way or another.
In the early days of Lightning, users ran nodes at home, which costed $300 in hardware, plus managing channels and liquidity. Way too expensive in terms of both time and money. Mobile wallets like Breez and Phoenix made things easier, but 'offline receive' was unreliable: payments would still fail if your phone was in power-saving mode, had bad reception, or was off the grid. Custodial wallets fixed that, but now you had to give up your keys.
@phlip9 and I got sick of all this and wanted a Lightning wallet that Just Works™ while retaining the self-sovereignty that Bitcoin is all about. After some iterating, we landed on the radical idea of running an entire Lightning node inside a hardware enclave (specifically, Intel SGX) in the cloud. The enclave isolates your node from the operators of the system - we can't read your keys. But because it's hosted, your node stays online 24/7.
This is our first ever public release, still in beta. We'd love to hear your feedback.
Sure thing! Right now we are offering free inbound liquidity and free JIT channel open fees to all of our users. Eventually each user gets about 50k sats of free inbound liquidity; above that, you'll pay daily interest on your inbound liquidity, and you can continue to keep that liquidity so long as you continue paying interest - your channel never 'expires'. When that feature comes out there will be options to limit the amount of inbound liquidity so you have so you can stay below budget or pay nothing at all.
The other big benefits are we are self-custodial unlike Rizful (your nodes run inside a TEE that comes with remote attestation), and keeping your node online 24/7 is free.
In terms of there being a "honeypot" due to keys being centralized in one place, SGX makes things more secure, not less. If someone wants to hack a centralized custodian like Coinbase or Binance all the attacker has to do is get into their infrastructure to get access to their funds. If someone wants to hack us, they have to first get into our infra, and then also break SGX.
We believe that despite expected protocol advancements in handling async payments / offline receives (e.g. PTLCs), the problem is fundamental - someone has to come online in order to settle the payment. Our approach is simple - just keep the user online.
We expect to give users a small amount of free liquidity when they receive their first payment over a JIT channel initiated by our LSP. The user pays for the on-chain fees of opening the channel but there are no liquidity fees for now. It's possible that we'll add a "premium liquidity" service in the future to supply extra inbound liquidity for high-volume users that want it. Paid for using Lightning, of course.
We provide the liquidity ourselves but we're not really trying to make money off of it. Liquidity is currently free, but in the future we'll charge for it at a rate of about 212 sats per 100k sats of liquidity per week to cover our costs.