diff --git a/node_operations.asciidoc b/node_operations.asciidoc index 7cab3cb..40be924 100644 --- a/node_operations.asciidoc +++ b/node_operations.asciidoc @@ -553,6 +553,16 @@ For the purpose of reducing the balance of our Lightning hot wallet, we would us +==== Submarine Swap + +Submarine swaps, conceptualized by co-author Olaoluwa Osuntokun and Alex Bosworth, allow on-chain Bitcoin to be exchanged for Lightning Bitcoin and vice versa. +The user could initiate a submarine swap and send all available Lightning Bitcoin to the other party, who will then send them on-chain Bitcoin in exchange. +The on-chain Bitcoin could even be sent to a different wallet entirely. +The user has then successfully "sweeped" their Bitcoin off of the Lightning Network and is left with the minimum amount of satoshis in the channel required as a reserve and an open channel with inbound capacity. + +In the future this could be a paid service offered by other Nodes on the Lightning Network which advertise exchange rates for the conversion. + + ==== Watchtowers