RE: Mercator20 Dec 2021 08:08
It’s very binary for them
They get them cheap and flog them out for profit .
If it takes off they flog them out for profit.
They maybe forward sold on a t10 note and the cln request is crossed in the post.
Win win they only have to do 3/4 conversions and they are in profit, along with fees being front loaded.
That’s how these cln notes normally work..