nick on Nostr: How do you have a trust relationship with liquid key holders? (Who are they?) There ...

How do you have a trust relationship with liquid key holders? (Who are they?) There is not much difference between liquid and fedimint / cashu and in some ways rug risk is worse, with Liquid having $220M assets under management.

If you want to trust your funds to an entity as a business to maximize fee efficiency, you’d want to make sure you know exactly who is custodying your funds and how (this is how we got banking licenses in the first place). That trust trade off is potentially on-chain fees for the entire bag.