Bitcoin rewards platform Lolli announced that Lightning Network withdrawals are now live for users. The update marks a milestone in the company’s restructuring following its acquisition by Thesis earlier in the year, aiming to address long-standing user demands for faster and cheaper access to earned rewards.
Who is Lolli?
Founded in 2018 by Alex Adelman and Matt Senter, Lolli is a rewards application that allows users to earn sats when shopping online at partner retailers. In July 2025, Lolli was acquired by Thesis, a venture studio that builds Bitcoin-native projects such as Mezo and Fold. Following the acquisition, Lolli focused on upgrading its infrastructure to support a “circular Bitcoin economy” and expanding its services globally.
Why Lightning Withdrawls
Prior to this update, Lolli users faced high withdrawal minimums (e.g., 30,000 sats) and slow processing times associated with on-chain transactions or with the recently integrated Mezo sidechain. To make the platform update, BTC withdrawals had additionally been suspended on the platform since July of 2025.
By implementing withdrawals on Lightning, Lolli can offer:
- Lower costs: Fees are reduced, making it economically viable for users to withdraw smaller amounts of Bitcoin.
- Speed: Settlement takes seconds rather than the minutes or days associated with traditional banking or on-chain transfers.
- Control of earned rewards: This feature provides a simpler way for users to move their funds off the platform and into their own wallets, a capability users had requested for years.
How to Withdraw
The process requires a Lightning-compatible wallet (such as Wallet of Satoshi, Phoenix, Breez, or Alby). To withdraw funds, users must follow these steps:
- Add a Lightning address (formatted like an email, e.g., you@wallet.com) to their Lolli account.
- Select “Lightning” as the withdrawal method.
- Specify the amount of sats to withdraw or select the “Max” button to withdraw the full balance.
- Confirm the transaction to receive funds in seconds.
User Response
The early community response has included relief at being able to withdraw their rewards but also some confusion and technical troubleshooting:
- Availability: Users have confirmed that the withdrawal option is back and visible within the updated app.
- Address support: The platform accepts “@” style Lightning addresses but does not appear to support ln addresses.
- Fee policy: Lolli had promised withdrawal fees would be “a fraction of a penny” but user experience is that higher fees are being charged (the author tested in the app and was shown a fee of .75%)
- Technical glitches: Some users reported bugs, noting that the app “just hangs there” when attempting to withdraw despite the address confirming.
While the update fulfills a major promise made by the new leadership to prioritize “instant and automated” payouts, early reports suggest some stability and policy clarity issues still need to be ironed out.
