Debifi on Nostr: 🧵 Here’s a concise article on what LiquidNetwork is, why use it and how to use ...

🧵 Here’s a concise article on what LiquidNetwork (npub1nyy…7gan) is, why use it and how to use it for lending on Debifi!

What is Liquid? 🔍

Liquid is a Bitcoin sidechain made by Blockstream (npub1jg5…6n8n), enabling faster, more confidential transactions and the issuance of digital assets. It’s ideal for moving Bitcoin between chains via a 1-to-1 peg.

Why use Liquid? 🤔

Liquid USDt (L-USDt) is Tether issued on the Liquid sidechain, offering:

- Faster transaction speeds
- Lower fees (around $1 per tx)
- Enhanced privacy (hidden amounts and asset types)

How to acquire L-USDt? 💰

- Centralized exchanges like Bitfinex or BTSE
- P2P exchanges such as Hodl Hodl (npub1yul…ncdu)
- Swap services like Liquiditi or SideShift.ai

How to lend L-USDt? 💁‍♂️

Go to Debifi, create a lending offer, select Liquid USDt, and set terms like the loan amount, period and interest rate.

Once a borrower accepts your offer, you proceed with the contract. The borrower’s collateral is then held in a ¾ multisig for security.

How to borrow L-USDt? 🧐

To borrow L-USDt on Debifi, accept a lending offer, deposit collateral, and get your loan once accepted.