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A Non-Custodial Bitcoin Interest Rate Account? Lightning Network May be the Answer
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A long-held view in both crypto markets and traditional financial markets is that in order to earn an interest on one’s assets, custody of those assets must be given up to a third-party. But with bitcoin (BTC)’s Lightning Network (LN), a new model for earning a non-custodial “Lightning Network Reference Rate” (LNRR) has emerged, one author argues.
According to Nik Bhatia, an adjunct professor of finance at the University of Southern California and author of the book Layered Money, the market for so-called routing fees on bitcoin’s Lightning Network could in the future serve as the first form of “counterparty-free income” for owners of capital.
“The smart contracts within LN allow its participants to establish a market for routing fees, and
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