Libre Lightning Provider
Libre
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Libre
Last updated
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Libre uses the concept of Libre Lightning Providers (LLPs) to pay and receive BTC. Each of these Lightning Service providers runs its own Lightning node, and has an address on the Libre network where it can send and receive pegged Bitcoin BTC. See also Bitcoin Lightning Network
For those who have not set up a Lightning node before, we will soon have an easy method for you to set up your own node and connect to Libre.
At this time, the best way to earn fees as an LLP is to just peer with our existing nodes. Soon, we will be looking to expand this through partnerships and opening up our Lightning txs to a market of nodes.
To become an LLP is a permission-less process - just peer with one of our LND nodes and keep your channels balanced:
03e036c7da199f4dd1f2ea0eaedf2ba6142850553671cdc7d502ec382173ba9396
03a84351bb64b77d1bc69ca69fe8fd2a8a14bc4f8e10373e8e3d735e614420ffa1
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You can run your own Lightning node like a pro in 16 steps.
Sign up for or get
Initialize the node
Deposit some BTC into your node
Backup the seed phrase - SOMEWHERE SAFE OR YOU WILL LOSE YOUR BTC
Join some
Open 1 channel to another node (you can use )
Backup the channels
Now go to and connect your node
Get the recommended nodes to connect to
Create a txt with the pub keys of the nodes amounts to open to - recommend doing 1000000 SATS min and 15000000 max
Add the Libre nodes to your list: 03e036c7da199f4dd1f2ea0eaedf2ba6142850553671cdc7d502ec382173ba9396
--amount 1000000 03a84351bb64b77d1bc69ca69fe8fd2a8a14bc4f8e10373e8e3d735e614420ffa1
--amount 1000000
Install “Balance of Satoshis”
Do a bos open
and feed in that list of channels
Backup the channels
Now, set the fee rate on your channels - you can use a tool like Suez - generally, I would recommend starting with 1000 msats and seeing if you get any tx in the first day
Check your tx history for forwards and fees earned daily - adjust fees to be higher where you have less outbound capacity
Use bos rebalance
to keep your channels balanced