Announcement: NostrAssets upgrades to Lnfi

We have come a long way. Since our soft launch in October 2023, we’ve embarked on a journey filled with innovation and growth. We established our node and forged private channels with esteemed partners like Binance, OKX, and others, strategically navigating deposit and withdrawal limitations over the Lightning Network. Through our concerted efforts, we achieved a cumulative trading volume surpassing $100 million on our Marketplace.

None of this would have been possible without the unwavering support of our community, and for that, we express our heartfelt gratitude. As we reflect on our journey thus far, we are reminded of the importance of learning from the past to shape a brighter future. With this ethos in mind, we stride forward into the next chapter of our evolution.

In 2022, NostrAssets embarked on its journey under the banner of NostrSwap, a pioneering perpetual decentralized exchange (DEX) with the ambitious goal of aggregating liquidity across diverse blockchain networks into the Nostr ecosystem. However, our evolution took a transformative turn upon the revelation of the provocative potential inherent in the convergence of Bitcoin, the Lightning Network, Nostr, traditional Internet and the elegantly engineered Taproot Assets Protocol that upscales Bitcoin into a multi-asset network. This realization prompted a strategic pivot, leading us to rebrand as NostrAssets, an Asset Management Platform specializing in the management of Bitcoins and Taproot Assets.

Throughout our trajectory, we have diligently traversed the technological landscape, gaining invaluable insights into how best to position ourselves within the blockchain industry. This journey has afforded us a profound understanding of the industry’s evolving needs, discerning insights into the desires of end-users and developers alike. Importantly, it has become increasingly evident that despite the vast potential of blockchain technology, practical adoption in real-world scenarios has remained limited.

Our goal is to usher in the era of Web3 and tokenization within the Lightning Network ecosystem. To achieve this, we introduce LightningFi (short for Lightning + Nostr + Finance), a comprehensive financialization layer facilitating a multitude of operations such as sending/receiving, issuing, distributing, fundraising, staking, locking, gifting, and trading Taproot Assets over Nostr.

Therefore, today marks the transition to Lnfi Network (may also be referred to as “Lnfi” in our publications moving forward), symbolizing our commitment to pioneering Lightning Finance and advancing the financialization of the Lightning Network.

Note: ‘Nostr’ remains part of our brand name as it is an integral part of our tech stack. It serves as the backbone for executing commands, ensuring privacy, and upholding censorship-resistant attributes. Additionally, as previously shared, we will establish an Ecosystem Fund to finance projects building on Nostr. This initiative underscores our long-term commitment to empowering and fostering the growth of Nostr, reaffirming its significance within our ecosystem.

This financialization layer will be structured around several key pillars:

1. Bitcoin and Taproot Assets Management Protocol on Nostr: Building upon our existing framework, this protocol empowers users to seamlessly transfer assets to others’ Nostr public addresses over Nostr at zero gas fees. Additionally, it includes features such as an address book for bookmarking users’ Nostr addresses, staking and locking tools, as well as a diverse array of financial products like Lightning Gift and Airdrop. Our commitment lies in continually expanding these capabilities to cater to a wide spectrum of use cases, enabling projects to effortlessly implement their tokenomics and token utility.
2. MicroNode: MicroNode stands as a service manager meticulously crafted to streamline the setup and management of Lightning Nodes for users, irrespective of their expertise level. With MicroNode, users can effortlessly navigate the complexities of self-custodying their assets, managing channel liquidity, and providing liquidity on the Lightning Network to capture yield. Moreover, it enables users to selectively opt for asset custody with Lnfi solely for trading purposes. Our roadmap towards achieving full self-custody trading with MicroNode has been outlined on our Gitbook.
3. Lightning Starter: Lightning Starter encompasses two flagship products — Launchpad and Launchpool. Launchpad empowers projects to seamlessly conduct public token offerings, fostering permissionless fundraising opportunities. On the other hand, Launchpool, which has already demonstrated early success through the fair-minting of $NOSTR and $TNA, is dedicated to facilitating transparent, fair, and secure fair-minting of project tokens. Utilizing a lottery draw mechanism, Launchpool serves as a catalyst for bootstrapping vibrant communities while ensuring integrity and equity in the token distribution process.
4. LN Exchange: This integral component of Lnfi Network is designed to be a highly performant, vertically integrated spot and perpetual decentralized exchange (DEX). It encompasses three key elements:
   (i) P2P Marketplace: Our existing P2P Marketplace will seamlessly transition to LN Exchange, providing a platform for permissionless listing and illiquid spot trading.
   (ii) Spot Orderbook Exchange: For liquid spot trading, LN Exchange will feature a dedicated spot orderbook exchange, ensuring best-in-class speed, liquidity and price.
   (iii) Perpetual Orderbook: Catering to leveraged trading, LN Exchange will offer a perpetual orderbook, enabling users to engage in leveraged positions.
   The beauty of LN Exchange lies in its design: liquidity will not be fragmented but aggregated, ensuring a seamless trading experience for users. LN Exchange is poised to emerge as the premier DEX, catering to a diverse range of trading requirements. Moreover, it will serve as the foundational financial infrastructure for various applications, facilitating functionalities such as swapping, hedging, arbitrage, and more, if necessary.
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In essence, Lnfi Network’s approach ensures that the financialization layer serves as a catalyst for innovation, enabling seamless integration, informed infrastructure, and future-proofing for builders and users alike. We invite users to explore our new website — https://www.lnfi.network/ — with a refreshed look, where they can discover the full potential of Lnfi Network.

Lnfi Official Links

Website: https://lnfi.network
Twitter: https://x.com/LnfiNetwork
Telegram: https://t.me/LnfiNetwork
Gitbook: https://docs.lnfi.network