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Inbound Liquidity limits in Muun Wallet LN
434 sats \ 6 comments \ @IgnaciobTato 19 Jul 2023 bitcoin
When you think that you are starting feeling an advanced user of Bitcoin and Lightning you find out that you have no more inbound liquidity at Muun wallet and you cannot receive new LN payments. Not only that, but I learned about inbound limits and how Muun or Wallet of Satoshi works after this.
The funny thing is that I don't consider that I had a big balance at Muun to reach to the inbound limits. In the end, I've decided to send the balance to a safer place (HW) till I learn more about this.
How are you supposed to live on Bitcoin Standard if you cannot have a certain amount of mony for travel i.e.? Do they expect you to have like many different LN wallets to get different balances?
I remember that Blue Wallet had the capacity to have a vault, then a btc account and then many LN accounts, all separated. You reach to limits, you open a new one, or you are out of it, you can fill it from your btc account to the LN account inside the app. However, BW is custodial and it is not clear what happened with their LN channels.
Anyway, I need lot of understanding of this issue.
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184 sats \ 1 reply \ @TonyGiorgio 19 Jul 2023
What limit were you hitting on muun? There's no lightning channels. Perhaps that's just the max which muun feels like swapping. You can surely fund it as much as you want with on chain deposits.
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0 sats \ 0 replies \ @IgnaciobTato OP 19 Jul 2023
Ok, as many ask this question, the limit was 0,013 (or 1.300.000 sats). Which is around 400 USD. Moving them onchain costs less than 2 usd.
As you can see this is not a high capacity. Neither there were microtransactions everyday which I read that the app is programmed to stop as asuming they are subsidising you a lot. This is a major issue that the people of Muun needs to work with.
Although WoS is custodial, I've seen screenshots in Twitter of many wallets above 1 or 2.000 USD.
If someone can research about this issue through the many wallets out there and make a report on inbound lquidity limits on each app, that would be great.
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46 sats \ 0 replies \ @gbks 19 Jul 2023
That's really weird. Muun is by default an onchain wallet. When you receive a lightning payment, it gets swapped onchain automatically for you. That means you don't have your own lightning node/channels, and should not be able to have inbound liquidity problems. Only the Muun node, which receives and forwards payments intended for you, can have liquidity problems.
Hope that makes sense. Did you get a message in the Muun UI about this, or how did this problem come up?
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10 sats \ 0 replies \ @jk_14 19 Jul 2023
Muun IS NOT lightning network wallet.
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0 sats \ 1 reply \ @OriginalSize 19 Jul 2023
The current solution would be to free up that liquidity by swapping out some of your lightning sats to onchain. It's best to do this obviously when fees are low. Otherwise if you need a lot more inbound then you'd need to pay for it. I'm surprised if muun doesn't have plans to open big inbound channels for a fee.
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0 sats \ 0 replies \ @IgnaciobTato OP 19 Jul 2023
Thanks, it's what I did. Let's say that the amount is the same you have on a pocket being a tourist in usa or europe. Moving them cost around 1,80usd using the low fee option on the app.
I've now asked to some more people and learn that Muun is using sumbarine swaps and subsising your channel. The higher the fees the higher they need to subsidise. But if you can't a balance suitable for a travel to El Salvador for example, what's the point? Muun must come to a solution on this as the fees may increase in the future.
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