Lightning Pool

Lightning Pool Whitepaper

TL;DR

  1. Lightning Pool Account Creation: Lifts UTXO
    • Satoshis are locked in (including fees)
    • Signing, broadcast, wait for confirmations
  2. Send bid/ask orders (over GRPC?)
  3. Auctioneer (aka Orchestrator) Matchmaking: Construct and Propose Block
    • Price clearing (when fees are taken), list of leases (block creation on the shadow chain)
  4. Traders Validate and Partially Sign LCLs
  5. Auctioneer Signs LCL and Publishes