Yes, this is a good strategy for privacy, but it's not cheap. I'm your example of 100M sats (1BTC), it's 0.7% fee from boltz in both directions... So 700k sats into liquid and 700k sats out of liquid.

Have you played around with a similar strategy but with fedimint? Fedi pegs out on chain and some mints don't even have a fee, or you can run your own mint.

Thoughts?