As the technical providers for the nostr:nprofile1qqsfjzteswm5cuyqpvvz40r0vszx4dcyql5u40xkeats5w9d48hht4guz0cnd , we are excited to announce the deployment of ELIP 200: Discounted Fees for Confidential Transactions on Liquid mainnet.
The new fee policy offers up to 90% reduction in fees when sending assets like USDT. 🧵 👇
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For example, a confidential $USDT - Liquid transaction that previously cost 250 sats in fees now requires only 25 sats—around 0.03 cents at current $BTC prices.
This makes Liquid a more compelling option for sending cross-border remittances or stacking bitcoin.
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The Blockstream-led Liquid engineering team, together with the nostr:nprofile1qqsfjzteswm5cuyqpvvz40r0vszx4dcyql5u40xkeats5w9d48hht4guz0cnd Technology Board, spent months refining the policy.
This process optimized txs while preserving key features like asset issuance and high uptime that users have come to rely on.
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With fees now dramatically reduced, Liquid’s financial privacy features are more accessible and affordable than ever before.
This is particularly beneficial in emerging markets served by user-friendly Liquid wallets like nostr:nprofile1qqswe03hyye2jv3msylwkj8cml8d4m9qpc5g0tccrvrrcm86z0kcagg0zjv3w , nostr:nprofile1qqsfy229w70e8lgtxavlz9t78k06yrel6fxyhreteafqet8kfxhhwmg2c6av2 Green, and nostr: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 .
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In other news, we have locked-in the next Liquid Developer Bootcamp, scheduled for February 3-4, after nostr:nprofile1qyv8wue69uhnzwpc9ccnzdewxg6zuv3nx5argwp58qqnyamnwvaz7tmvde3xjarn9eekzar0wd5xjumfvahxzmpwvdhk6tmwdaehgunjv4kxz7f02y69ynn2v4ehxqgjwaehxw309ac82unsd3jhqct89ejhxqg6waehxw309aex2mrp0yhxummnw3ex7umfw3ujucm0d5q3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qyfhwumn8ghj7un9d3shjctzd3jjummjvuq35amnwvaz7tmkxyer2vpwwpkxzmn69e5k7tmwdaehgusqyr460s43zx3gl288evrlrts0am6fp4ya39aa0v0mtnja8uxkww0g7hcw8hp in San Salvador.
Registration for the bootcamp begins today and is limited to 35 seats. Sign up form linked. 👇🌊
https://form.typeform.com/to/DzJgDTOW
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Finally, we want to thank the Liquid Federation and the community for their continued support and look forward to the impact of ELIP 200 on adoption and Bitcoin capital markets.
For further details, check out the Elements 23.2.5 release notes. Onward!
https://github.com/ElementsProject/elements/releases/tag/elements-23.2.5
🌊 Protocol Upgrade: Boltz Adopts ELIP 200
In the coming days we are migrating @Liquid_BTC swaps to ELIP 200 - Liquid's upgraded fee protocol:
✅ Sunsetting legacy discount protocol
✅ Marginally adjusted fees: ~5-7 sat increase
✅ Still unfairly cheap😏
More about ELIP 200 👇
I'm slightly confused... Blockstream reduce fees, while you increase fees?
Or you mean you increase fees on top of Liquid reduced fees?
Haha touché. We were using a temporary discount protocol in the past year that is being phased out now.
In comparison with this temporary protocol, fees of ELIP 200 will make Liquid Network fees go up by a couple of sats. Concretely:
Liquid -> LN swap: 14 -> 19 sats
LN -> Liquid swap: 40 -> 47 sats
But that's a small price to pay for a much more robust protocol and finally also one that is publicly accessible to anyone. Just open your nostr:nprofile1qqsfy229w70e8lgtxavlz9t78k06yrel6fxyhreteafqet8kfxhhwmg2c6av2 Green - it'll use it by default as of the latest version: https://github.com/Blockstream/green_qt/releases/tag/release_2.0.20
got you! thank you!
