Amboss unveiled Rails, a self-custodial Bitcoin yield service aimed at empowering businesses, custodians, and affluent individuals to earn yields on Bitcoin holdings. By implementing AI technology, Rails improves the reliability and efficiency of transactions on the Lightning Network. The service includes two options: Rails LP, with a commitment of at least 1 BTC, and liquidity subscriptions for businesses starting at 0.5%. Amboss partnered with CoinCorner and Flux to enhance Lightning Network's presence in global transactions, showcasing a growing trust in its capabilities and future potential in the cryptocurrency market.
"Rails is a transformative force for the Lightning Network," said the CEO and Co-Founder of Amboss Jesse Shrader. "It's not just about yield-it's about enabling businesses to strengthen the network while earning on their Bitcoin. This is a critical step in Bitcoin's evolution as a global medium of exchange."
The service offers two options: Rails LP, requiring a minimum commitment of 1 BTC for one year, and liquidity subscriptions with fees starting at 0.5%."
According to a press release sent to Bitcoin Magazine, it's designed to empower companies, custodians, and high net worth individuals. This allows participants to earn a yield on their Bitcoin.
Rails also launched a secure way for Liquidity Providers (LPs) to hold all custody of their Bitcoin while generating returns from liquidity leases and payment routing, although they are not guaranteed.
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