Even if all CTV did was make it so LSPs couldn’t force-close-rug you, it would still be a tremendous upgrade.

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What is it?

You’d predetermine where funds will be (automatically) sent to upon channel close, ie. To an address you control.

This is the best simple explanation of what a covenant can do, that I've seen

It already works like that

IIRC I heard Guy Swann explain this a few times a while back with CTV, so I’m definitely missing something with how it makes LSPs more trustless.

instead we get renaming of sats