Fuck it!
Just secured 10 million of inbound liquidity.
We'll see if it was worth it. 🤷
Discussion
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.
💯
How much & for how long?
I'm wondering what happens if you have too many sats when the term ends.
10 million sats for one year. I'll burn though all that long before the one year is up.
Of course, but what happens at the end?
Guessing they force close the channel?
That would suck
It should probably say it somewhere.
Doesn't say anything about it here:
Would be good to get a definitive answer. I guess they got time for that though
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Agree with the bottom comment on there. 1% is very reasonable. Especially for what I'm going to be using it for. Especially if fees stay this high or go even higher.
Moving 10 million sats in 100k-500k increments and paying a miner fee with every single transaction would get very expensive. It would cost me more than that 1%.