TLDR; The well documented Boltz API will now enable developers to integrate non-custodial cryptocurrency swaps into their lightning apps.
We believe that developers are very core to what makes a platform and the ecosystem as a whole succeed. So today, we couldn’t be more proud to announce the official release of the Boltz API with the associated documentation. Let’s go through some use cases to hack around with the Boltz API, shall we?
⛓ ⚡ Trust-minimized on-chain on-ramp
Integrating Boltz with your lightning app enables you to on-board users who might not be using any lightning wallets yet. Boltz will provide a trust minimized way to use lightning apps with on-chain coins, which will curb the UX friction by enabling your lapp users to get outbound liquidity with an on-chain deposit.
⚖ ⚡ ️Balancing or Rebalancing Lightning Channels
Developers of different wallets can provide a native and trust-minimized way to balance or rebalance their user’s lightning channels with the Boltz API.
💸 ⚡ Withdrawing from Lightning Channels
Wallet developers can also use the Boltz API to provide an option for the user to withdraw from their lightning channels.
💰 ⚡ ️Depositing into Lightning Channels
In times of high fees, Boltz integration will allow you to empower your lapp users with the choice of using on-chain Litecoin to deposit into your ⚡-Bitcoin channels, as described by Charlie Lee. All this without trading off the non-custodial nature of your lightning app.
📥 ⚡ Bootstrapping initial inbound liquidity
For people not having enough inbound liquidity or new users having no lightning channels, a trust-minimized channel opening service can be built on the top of Boltz, similar to Bitrefill’s Thor. The service can account for the channel opening and service fee in the on-chain amount received from the user during the swap.
🔁 ⚡️ Trading LTC/BTC
By integrating Boltz, developers can also add the feature to swap different assets in their lightning apps, akin to Shapeshift but without all the baggage of KYC and different trust assumptions. This will, however, get even more interesting with new assets being added to Boltz.
Check the documentation of the Boltz API 👉 here 👈
Our endpoints are stable and no breaking changes are planned. In an unlikely situation where we have to change the endpoints for any reason, we will be quick to give developers advanced notice so they have adequate time to make updates. Stay tuned to our Twitter feed or chat with us on Discord!
Stay #reckless and happy hacking!
