This is the way I do it. It helps to have a few more channels. Multiple channels also helps with privacy. I loop out once the node liquidity is 2/3 on my side. The default loop out amount in lightning terminal changes it to around 1/3 on my side. The fees are around 0.2-0.3 % in my experience.
Discussion
thanks for that info, multiple channels makes sense that it improves privacy, not just always going through the same route, couple questions tho:
- how do i know what nodes to establish channels with from the beginning?
- like do i want to just jump in with a really big well connected node, or is it more optimal to go for someone not as big?
- is there any restriction on what nodes you must have channels with to use the loop service?
- i’m using CLN, so i think i have to use the “nloop” plugin, does this create any problems for me?
There's a lot to consider. Please check out youtube videos for a more comprehense discussion. I would say think about what is the purpose of your lightning node. If you just want to be able to send and receive, it is fine to connect to a few big nodes.
I'm not sure if there is. But generally, the lightning payment will require sufficent liquidity along the path to/from the Loop node(s).