Lightning Terminal is the home of Lightning Labs products that help you make the most of your Bitcoin. Lightning Terminal’s initial functionality provides a visual interface for interacting with your channels and balances using Loop. Making the process of managing your funds easier and more intuitive allows you to focus on running your business, not on your liquidity. Loop is the first of several upcoming Terminal features that enable new use cases and open up a new world of possibilities on Lightning.
Why use Loop?
- Add "inbound liquidity" to receive payments
- Reduce transaction fees by recycling and reusing Lightning channels
- Send funds to and from users or services that aren't yet Lightning enabled
- Configurable wait times and "batching" allow for further fee savings
- Refill and offload funds from any number of Lightning channels in a single on-chain transaction
- Loop Out: 0.05-0.5%
- Loop In: 0.10-1%
- Loop pricing varies based on wait time and on-chain fee conditions. Consult the quote API or the command line (
loop quote) for up-to-date pricing.
Loop vs "Channel Churn" (opening and closing channels)
|Adjust amount of funds in Lightning|
|Maintain stable channels|
|Reduced fees with batching|
|Transact seamlessly between Lightning and "on-chain" destinations|