NEW: Updated MUUN Tutorial for 2025
-Setup/Backup
-Receive & send onchain or lightning
-Every recovery method
-Understanding Muun tradeoffs
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Discussion
Muun still exists? 😂 are they still just submarine swaps?
Is that just a special kind of boltz transaction or is it something else similar?
Its basically an on chain lightning transaction. Basically the most inefficient way possible
Which is why its basically useless when fees are high
Yeah unfortunately fees are very high when you use Muun for lighting transactions :/. It’s not a native lighting wallet, it uses submarine swaps. But it’s such a simple & elegant wallet.
Submarine swaps what that mean. i use muun wallet when send to hardware wallet because just have muun can control fee
Submarine swaps are a way to exchange on-chain bitcoin (layer 1) for off-chain bitcoin (lightning) without having to manage lightning channels. To keep it simple: Less setup but higher fees.
Ok but when muun decide to swap from lightning to onchain?
In the meantime is a self custodial service, right?
When you receive a lightning payment.
And yes it is self-custodial.
So each lightning transaction require an onchain swap , it's a nonsense.
Yes but this only affects you when you send a lightning payment because you pay higher fees. When you receive a lightning payment, fees are not passed on to you. I think they figure it out by bulking transactions or delegating to a 3rd party, not sure I’d have to check.
Muun has the benefit of enabling you to use lightning through a self-custodial wallet without having to setup and manage your own lightning node. So in a way you pay in fees instead of having to spend time managing a lightning node and maintaining channels.
If the wallet is not custodial it means you own the keys, so even when you receive lightning payment the swap is mandatory, i searched on their documentation but i didn't find exactly how it works
Yes, Muun is self-custodial. All your funds are always stored on-chain layer 1. As soon as you receive a lightning payment, the funds are credited to you on-chain through a submarine swap. Not sure how they do it when you receive a lightning payment, but your funds are never stored on layer 2. That would be custodial because it would use their node.