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Replying to Avatar pleblee

Starting another new LN wallet for LNbits and it needs inbound liquidity:

* pay 5385 sats to open a small 1MM sats channel to deezy (his minimum channel size)

* use swap.deezy.io to pay him ~20k sats to swap funds back to an onchain address so that I have inbound liquidity. actual cost depends on what I choose to pay for the chain fees. (7.5k-31k sats range)

* 25k sats is ~$6.75 right now, so that's the barrier to entry to get ~$270 equivalent liquidity on LN

Working with higher amounts actually *reduces* the fee rate, scaling the total cost up only slightly. So for example if I opened a 25MM sats channel I could swap the whole thing out for 55k sats (~$14). That's 25x liquidity for a little more than 2x the cost of the smallest direct swap. Trade off being that there's a timeframe where he can close the channel if it's not being used after 30 days or so. By then I'll have more liquidity providers for this wallet.

Pretty low barrier to entry to get yourself on lightning, even with chain fees as they are right now.

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pleblee 2y ago

nostr:npub18l0pstx8umh6dx3e8vtw7sd3pspe9r0nh94v7ncwkqleljnr5zdq73y8he fyi I emailed support@deezy.io to request an access token, but noticed your mx records are Gmail so it probably went to spam. My mailserver is on a /24 that's in a one of the spamhaus lists, sigh

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