Yep, that's the idea. You don't give them any special powers, it's just a mutual agreement that is automated. Anyone is free to leave the pool at any time. The channels don't have to get closed either, they just become gateway channels from the perspective of the pool.

For peer swap or channel openings, for example, the node operator will get a notification and some reasonable time frame to complete it. But the moderator can't force the node to do anything.


0207a984de

lightning

Lightning Network Moderated Node Pool

Ok, so when you say the moderator initiates rebalances and sets fees, what you mean is they make recommendations for those. It’s up to the node to cooperate, and if they’re too unreliable they get removed (from the recommendation network, and possibly have channels closed). Is that accurate?