Good day nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzyrhwden5te0dehhxarj9ekxzmnyqyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueq555fk2. I'm curious why the channel between your Olympus channel and my nostr:nprofile1qqsyv47lazt9h6ycp2fsw270khje5egjgsrdkrupjg27u796g7f5k0spzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgwwaehxw309ahx7uewd3hkctcprdmhxue69uhkummnw3ez6vfwde3x7tnpdenkzmnf9e3k75xqss4 cloud hub was closed. Alby support told me "it was a co-operative closure from the counterparty (Olympus) which normally means that the channel was closed after the duration of the channel purchased.

We don't show this in Alby Hub yet, I think Olympus has now extended to 1 year but it was previously 6 months I think. We are hoping to add more info when you purchase a channel from the LSP about the terms of usage.".

I can't understand why channels are closed anyhow. What would be the reason for LSPs such as yours to close channels when there is an active wallet behind it, for me it doesn't make sense. Zeus states at the website https://olympusln.com/ "Olympus by ZEUS makes using Bitcoin and Lightning easier than ever, allowing you to focus on what really matters.", I don't know what this means for you, but for me it's doing regularly lightning payments at merchants and Nostr zaps. And in this case you make it hard instead of easy for me to focus on this. Thanks for clarifying and helping me out. hopefully we can make self custodian lightning easier together.

Reply to this note

Please Login to reply.

Discussion

We are also working with nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 to enable automatic extensions of channel duration. This should help, but will take some time to implement.

Maybe linked to the current LND breach

Simply put, they are lending money to you for a fixed amount of time and at a fixed price/interest. The longer they keep their capital locked up by your wallet, the less profitable it is for them.

In my humble opinion, them doing it in this way is dumb and shortsighted, since their reputation will fall and new users will not be that excited about their service.

If you DM us your node’s pubkey we could pull up some info about your order.

We have also just rolled out a new channel renewal system that we hope to have integrated into Alby Hub soon.

Thank you. I've send a DM