Replying to Avatar Settebello

Asking for a fren.

If I want to setup my first Lightning channel with nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 , I would have a setup fee of 50k.

If I send on-chain BTC and manually open a channel with Olympus via the app, I only pay 20k fees?

Just to be sure…

nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 can clarify but make sure you receive via Lightning (i.e. create that invoice for 50K). Zeus will create the wrapped invoice which you can pay from a Phoenix for example. Sending on-chain will not open a channel at 50K.

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Method 1 — LN Invoice

⚡️50K sats minimum

⚡️10K sats fee

Method 2 — On-chain

⚡️1M sats minimum

⚡️No fees (i.e. just the network fee)