LQWD Technologies, a Bitcoin Lightning Network liquidity provider, has joined forces with Amboss Technologies to enhance institutional liquidity on the Lightning Network. This collaboration will allow LQWD to offer liquidity to Amboss’s marketplace, meeting the market demand for Lightning Network liquidity while earning a yield on its Bitcoin holdings.
Amboss Technologies specializes in data analytics solutions and payments operations on Lightning, offering products like Magma, a liquidity marketplace, and Hydro, a liquidity automation tool. By partnering with LQWD, Amboss clients will benefit from access to liquidity, enabling LQWD to earn fees for transactions over the Lightning Network.
LQWD has experienced significant growth in its Lightning Network transactions, surpassing 400,000 in recent times. The company plans to deploy its Bitcoin holdings to Amboss, with the potential to capture substantial transaction volume and generate yield on its assets.
The partnership between LQWD and Amboss aims to enhance liquidity and efficiency within the Bitcoin Lightning Network ecosystem. Amboss’s marketplace currently offers a 5.57% APR on Bitcoin deployed through Lightning Channels, with total liquidity of 157 BTC, approximately $10 million.
Jesse Shrader, Co-Founder and CEO of Amboss, emphasized the importance of the collaboration, stating that partnering with LQWD will provide global customers with institutional-grade liquidity for Bitcoin payments. Both companies are committed to contributing to the growth and efficiency of the Bitcoin Lightning Network ecosystem, offering enhanced liquidity solutions for businesses and consumers.
Overall, the partnership between LQWD and Amboss signifies a significant step forward in the development of the Lightning Network and the broader cryptocurrency ecosystem. Investors and enthusiasts alike will be closely watching the progress of this collaboration and its impact on the market.
