All our channels and feerates are public, anyone can see where we allocate liquidity and how much we charge for routing. This alone is extreme transparency. Unfortunately I'm not sure what else I can share.
The screenshot nostr:npub18yvpnchj7yaepjk8yz2pn66hfmmup505aqvx0lpyc3aree0g5fyq8clpz3 shared from nostr:npub18psflzah8gjq54t4zyjhezghzg9pvpjhm894f4yex9wpl79t3uxq03v73m goes into more detail than I can. nostr:npub18psflzah8gjq54t4zyjhezghzg9pvpjhm894f4yex9wpl79t3uxq03v73m founded c=.
It's pretty obvious what is driving the success of the c= node just by looking at the channel open/close history. Without the CashApp nodes feeding c= there is unlikely to be any routing at all since the fee structure does not support it at all. Only by carefully selecting peers to open channel to with the CashApp funds you are able to create a very well run "routing" machine.
You guys are obviously doing this very well but again, it's not possible without the unique position you are in with the CashApp nodes backing it up.
I also kinda agree therefor that it's a bit misleading to say the 10% APR is earned from routing while it's just clearly not. Pure routing is something very different than what your are doing. What you are doing is what I would personally call LN liquidity trading.
Liquidity trading is what many nodes do but for the rest of us the economics are very different because we actually have to pay to get the liquidity to where we need it.
The APR comes from payments that arenāt from c= / Block. I donāt know how you donāt call that routing. Those are other nodes using that liquidity and paying for the privilege. You can copy c=ās strategy if youād like.
You are correct there is more value in running a business that assists or directly does lighting payments over running a āpure router.ā Thereās room for the latter but it can be tight.
The only mechanism to earn on LN is from routing fees, so yes, you are technically correct. All earnings from LN fall under that umbrella.
What I'm talking about is what the driving force is behind your capacity to route. And that is very obviously the countless CashApp channels c= receives every day, which causes the inbound to be increased and then used as a pressure mechanism to enable the routing. The APR might not come directly from Block, but the liquidity to make it all work is.
It's the same as me setting up a separate node that I constantly feed with liquidity and then say I made a huge APR on that node because it routed a bunch.
But you may choose to call it APR from routing, and that's fine. I personally think c= categorically works in such a different way compared to any other node that something like APR does not really have meaning anymore and it becomes inappropriate.
