20 sats \ 3 replies \ @nullama 30 Jan \ parent \ on: Where to ask some really basic questions on the Phoenix Wallet? lightning
Previous versions of the wallet did that.
Current Phoenix only opens one channel only and varies the amount dynamically in it.
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10 sats \ 1 reply \ @cleaningup12 30 Jan
Ah was that was my legacy changeover thing that cost me a few sats!
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10 sats \ 0 replies \ @nullama 30 Jan
Probably, yeah, there were some on-chain transactions required for the migration.
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0 sats \ 0 replies \ @0313029d5d 31 Jan freebie
I only started using Phoenix after they added splicing, and I always have high fees when receiving, but never when sending. If they're not doing a new transaction for each deposit into the wallet, then they're definitely being way too conservative with channel sizing.