Either way, the onboarding story is so good and the protocol is so simple that it’s worth exploring. That’s the most interesting thing to me as someone trying to make it easier for people to use bitcoin non-custodially.
Discussion
If things haven't changed from a year ago then I don't think it is a practical solution as it doesn't scale and is a massive regulatory target. I do think it has several innovative technical concepts that are interesting. I've heard there are improvements to liquidity requirements though which I hope is true and would love to learn more.
I am told there are indeed solutions! Promising enough I just bought a plane ticket to austin the other day to learn more.