💧🪣 Enlarge your bucket! - Phoenix Wallet
1074 sats \ 9 comments \ @Rsync25 15 Dec 2023 lightning
It is now possible to request inbound liquidity in Phoenix.
Available amount: 100k-10M sat, cost is 1% + mining fee
The liquidity is guaranteed for a year.
(available today on Phoenix Android, shortly on iOS)
This powerful tool allows you to almost never hit the chain, whatever your use case is on Lightning (yes, even if it's mostly receiving).
Very useful to navigate the high seas of current on-chain fees! 🌊
We have also added a visualization of your current inbound liquidity in the channel details.
Original tweet: https://x.com/PhoenixWallet/status/1735699451770032354?s=20
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34 sats \ 0 replies \ @om 15 Dec 2023
This is great, the lack of this was the only thing that kept Phoenix from making total sense.
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31 sats \ 0 replies \ @clr 15 Dec 2023
This is a very nice upgrade.
What they don't explain is what happens to the inbound liquidity after 1 year if not renewed. For instance, let's say you request 1m sats inbound liquidity and at the end of the 1-year period you have a 600k sats balance. Does the channel get resized or do you get to keep the 1m liquidity?
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20 sats \ 0 replies \ @0fje0 15 Dec 2023
Thanks for posting!
Inbound liquidity lets you avoid on-chain transaction fees for future payments received over Lightning.
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0 sats \ 0 replies \ @OT 20 Dec 2023
What happens after 1 year? Interested to know. Haven't found the answer yet.
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0 sats \ 0 replies \ @PlebeiusG 16 Dec 2023
Sound great. I'm still too scared to use it. But eventually I want to host my own Mutiny node and use the PWA on my GrapheneOS phone and then I'll be a real bitcoiner.
I really don't want to pay much for fees when using lightning and I'm still scared of channels.
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0 sats \ 0 replies \ @mf 15 Dec 2023
Sweet!
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0 sats \ 1 reply \ @go 15 Dec 2023
is this implemented in a way (with open tech) that we may see it on other projects or is it engineered in-house and it's just a phoenix thing?
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21 sats \ 0 replies \ @Murch 16 Dec 2023
Liquidity Ads are based on an open standard, other implementations are also working on it
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0 sats \ 0 replies \ @karanjajes 15 Dec 2023
I think I'll check it out
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