I think this 1% service fee for requesting liquidity though Phoenix will save me money in the long run.
The entire sats flow is always going to be one way.
Strike --> Phoenix in 100k-500k increments, and then splicing out a few million to cold storage every so often.
What I want to avoid is paying a miner fee on the Strike to Phoenix part of it every time. Especially if fees go higher in the future.
Good plan.
Fuck it!
Just secured 10 million of inbound liquidity.
We'll see if it was worth it. 🤷
Where do you find the option in the app to purchase inbound liquidity?
You might need to update Phoenix wallet. There was a button right on the top right of the app.
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Ah ok, thanks. Maybe it’s only Android for now. I don’t see it anywhere in the iOS version and I’m on the latest one there.
Hmmm. Lame. It just showed up in mine about a week or so ago. I wasn't sure what it was for at first.
Very smart of them to offer that.
Excellent tool! Buying future inbound liquidity against the possibility of fees going absolutely nuclear. Yes please!
I expect that 1% service fee will go higher if high fees are sustained longer.
💯
