Holy Shit!!!
9.7% REAL yield on a payment network while holding the keys to their BTC the entire time!!
Holy shitballs that is absolutely insane! This has to be the craziest thing to come out of t...
"This has nothing to do with the sort of routing that pretty much any other node in the network is doing.
The c= node has an exclusivity deal with CashApp so all their users's payment have to go through c=.
If the CashApp nodes would be open to accept channels from anyone the c= APR would be much lower because their entire operation depends on the special setup.
It's basically a combination of an accounting trick combined with obfuscated fees for the CashApp users.
CashApp could just charge their users a spending fee but instead they do not and split it of to c= which then claims to earn by "routing"." - @bigrouter at SN
The c= node has an exclusivity deal with CashApp so all their users's payment have to go through c=.
If the CashApp nodes would be open to accept channels from anyone the c= APR would be much lower because their entire operation depends on the special setup.
It's basically a combination of an accounting trick combined with obfuscated fees for the CashApp users.
CashApp could just charge their users a spending fee but instead they do not and split it of to c= which then claims to earn by "routing"." - @bigrouter at SN
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