Yo pretty cool!
I'm surprised it's gonna cost me 4k Sats to send it via lightning tho. Fees are low
Discussion
Wow, thatās a lot. Must be a new channel creation type thing or something? Iām not 100% sure about the cashu protocol and how it all interfaces with lightning.
I'm assuming it's the new channel creation but it still seems high for a base chain fee
Yeah this sounds like a lightning node issue. Did you not have an existing lightning wallet?
Just FYI receiving small transactions to a new node with no channels is an expensive proposition. Your service provider probably has a minimum channel size and you are being charged for extra inbound liquidity.
Best practice is to fund a new lightning wallet with a large on-chain transaction. Then spend your balance down naturally or swap it out with a submarine swap. That way you have a large channel balance ready ahead of time with inbound liquidity. This lets you avoid paying high time preference fees.
Worst practice is to start with a small channel and have to increase the size of your channel each time you receive a payment. It sounds like you might be doing the latter. You might as well use Muun b/c you are transacting on chain for each LN payment. š¬
The mint can set any amount it wants i guess to redeem. This is just another way they can scam ya.
This is true. Hopefully any mints not being straightforward about this wonāt be used / will get called out.
Wallet of Satoshi could have done this too.
I wouldn't rush to blame the mint without more info. Sounds like a lightning wallet setup issue.
Don't use eNuts it isn't maintained. Use cashu.me or nostr:nprofile1qqstxwlea9ah3u6kjjszu6a7lrnhqkfh8eptp2z6v0e9558tlkkl2rgpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsz9mhwden5te0wfjkccte9ec8y6tdv9kzumn9wshszxnhwden5te0wfjkccte9ekkjmnfvf5hguewvdshx6p07xr4s5 . Sounds like you are trying to open a channel with the token. Cashu doesn't take fees to redeem. There are fees to send a lightning transaction however.
