Phoenix doesn’t pay it’s just software all the sats we’re there minus tx fee for onchain tx
Discussion
Hehe ... Yes, I asked the question a little complicated 😅.
I just wanted to know who paid the onchain tx, you or Phoenix (ACINQ).
Thx for answering all the questions. Always good to know how things work.
My plan is/was to open a channel to Phoenix when I got 300k in LN (but that will need a lot of time) - because they take 1% or min 3k Sats for opening a channel I think 300k is a good amount.
I like the recovery with the 12 word seed.
So it was very interesting to get all the informations from you and good that you got your Sats back 👍!
No worries, yea everything is paid from your balances, Phoenix just manages the channels automatically for you. I like it overall so far like having a lightning node on your mobile but you don’t have to manage channels and liquidity manually.