How to operate in a high fee environment:
Level 1 - Lightning Network
Level 2 - Liquid Network (Cold Storage or 2fa multisig)
Level 3 - Bitcoin Cold Storage
Depending on the amount of money we go from level 1 to level 3.
To make the transformation between levels:
LN-BTC to L-BTC (https://liquid.boltz.exchange) (0,1% commission)
L-BTC to BTC (https://sideswap.io) (0,1% commission)
In addition, we gain a lot of privacy in the whole process.
Discussion
This is really useful!!!
I understand that I would need to use https://liquid.boltz.exchange to convert from LN-BTC to L-BTC, which would be sent to SideSwap). Then from SideSwap I would do the conversion L-BTC to onchain BTC.
Have you tried this yourself?
The problem with this approach in my case is that it’s prohibitive to do Lightning transactions from Muun right now.
No I Still didn't but I bookmarked it for the next occasion I have to swap funds.. I am trying to collecting the various way to pass from #lightning to onchain. Before I had hewrd about liquid but not that much, this helped me to understand. Probably in the future will be utilised much more