Nostr Web Client

I’ve been testing Liquid and just used the lightning-to-liquid swap service from #[0] to move some sats from a custodial lightning wallet to a self-custodial #[1] Green Wallet. I did a screen recording for anyone curious what the swap process looks like. Worked like a charm and saved nearly 20k sats in fees vs. swapping to on chain. Later I can either swap these back to lightning if needed, or peg out to on-chain if fees drop enough.

https://streamable.com/j1ritg

Ryan 2y ago

I've been playing too, the process is fast, fees are much lower. I've also done an L-BTC transfer, fast and cheap too, and a peg out to BTC, got it through at 20 sats/vb last night. I'm not sure on liquid for long term stuff, but for quick cheap transfers it seems like a good option.

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Discussion

corndalorian 2y ago

Wow nicely done on the 20 sats/vB 🔥 Yea I’m thinking of this as an intermediary step between lightning and on chain. Not for huge amounts long term, but as a short term solution for self-custodial storage of amounts I don’t want to leave in lightning, especially custodial lightning. I have Breez and Phoenix but you run into high channel opening fees with those if you exceed your available liquidity.

Ryan 2y ago

I was surprised it was confirmed this morning for 20 😂

Those are my thoughts too. I stack in smaller buys, and they support L-BTC payouts, so that will help me cut down on utxo's when I send to cold storage. Cheap swaps to and from lightning are handy too, I use Phoenix for safe lightning, and Alby for easy lightning. This will make Phoenix way easier to manage.