Well the idea is to open a channel large enough to sustain usage. Lots of people want to have a decent size channel.
Are RoF still a thing?
We had user built out rings of liquidity for people to join.
The idea nowadays is you can splice in and out liquidity based on your needs. It's just a single on chain tx instead of 2. One to close and another to open. Splicing is just one of chain tx. Iirc.
> Are RoF still a thing?
What does that mean?
>We had user built out rings of liquidity for people to join.
Also confused here. Plz explain