reply on: Starting with: Mutiny Wallet \ stacker news ~lightning

0 sats \ 2 replies \ @runningbitcoin OP 17 Mar \ parent \ on: Starting with: Mutiny Wallet lightning

Thanks for letting me know—I’m definitely going to check it out.

Did you finally play around with it? If so, what was your experience like?

Now there are some federations running on main chain and Mutiny wallet has a recommendation system for them. Are you using any of them? (if you care to comment, of course.)

0 sats \ 0 replies \ @runningbitcoin OP 20 Apr

Hello, and thank you for reaching out! I think the process is quite straightforward. Simply select 'Join a Federation', and then explore 'Discover Federations', where you'll find recommendations tailored to your social graph.

Once you've joined the federation,

Lighting receives under 200.000 sats go into your federation by default. Anything higher than that goes directly into lightning channel.

I think its good having this as a sort of risk management, clearly dependent on how much you trust the federation you've joined. It would be great to have the option of being able to decide for yourself what the threshold is for keeping your fund in the Federation though.

After receiving a Lightning invoice, the funds are now reflected in the 'Fedimint' section.

I think it's a great feature, especially considering the wild fee landscape we're navigating post-halving.

What's been your take on it?