Oddbean new post about login | logout A much needed release is underway! The fee for channel opens is now dynamic based upon the current fee rate estimates. Previously it was hardcoded and needed to be updated manually when we had huge price fluctuations, but now it'll always be based on current chain fees. https://m.primal.net/HRtD.png Right now it's about 15k sats. A huge drop from the 40k the LSP previously set it to. Get your channels while they are hot! We also do web caching for the PWA version and will notify you when a new version is available. This gives you a chance to decide to upgrade later or refresh immediately to apply the new change. https://m.primal.net/HRtE.png We have much more changes later this month but let us know what you think of these! 🙏
Congratulations @OpenSecret Awesome work 🫶🫶🫶
Great news 🔥🔥🔥🤙! Especially the dynamic fees for channel openings 👌
Genius! nostr:nevent1qqswhnhn60y3jt7aw8kym90crjggkz4972238r52ay8zq585u7yjrvqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzphchxfm3ste32hfhkvczzxapme9gz5qvqtget6tylyd7wa8vjecgqvzqqqqqqyvfxc3u
Dammit I'm too inebriated to do this
Outstanding!
This is the way 🫡
Cool 👍
Great work. Is splicing on the roadmap?
Yeah, hopefully around mid of next year.
Lovely
Noice. The way it should be. 🔥🔥
If you aren't using UTXOracle for the price, you are larping.
👀👀👀 nostr:nevent1qqswhnhn60y3jt7aw8kym90crjggkz4972238r52ay8zq585u7yjrvqprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqgsd79ejwuvz7v246danxqs3hgw7f2q4qrqz6x27je8er0nhfmykwzqrqsqqqqqp59nq0h
Thanks for The Zap ⚡👾 If 100,000 sats are sent, will the open rates (which are now dynamic) be deducted from that amount? And is the channel to be opened the same size or larger than what was initially sent? https://i.nostr.build/myG5.jpg
Yes, it'll come out of what you receive when that invoice is paid. For 100k and 15k sat fee: The invoice is for 100k. You receive 85k, a channel will open for about 200k (you get extra inbound potential with no setup fee).
Ok, it's clear how it would be. I will try on Sunday morning when the fees of the chain may drop a little more and take advantage that now are dynamic 🤭
Your post is getting a lot of engagement. Added to the https://nostraco.in/hot feed
If set up the invoice as shown above, and then send the sats from an on-chain address, will you open the channel by default or does the user need to do so manually, within mutiny, once the funds confirm? Cc @Deleted Account
If you deposit on chain there's a swap button that exists if you want to open a channel.
Got it. So it’d be more efficient fo send into mutiny via Lightning, because sending from on-chain would incur 2 fees - one from spending wallet, and another within mutiny to open the channel?
How many Lightning channels is it recommended to have? Is there a maximum?
No max or min, just use it as you need it.
