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17 sats \ 1 reply \ @Signal312 OP 8 Apr freebie \ parent \ on: Phoenix lightning wallet - questions on strategy for my use case lightning
Thanks, let me re-state to see if I understand:
  • spending from my Phoenix wallet via lightning will increase my inbound liquidity, by the amount that I spent
  • it may be that spending directly from my Phoenix wallet, via on-chain, using the SEND button will NOT increase my inbound liquidity
  • however, spending from my Phoenix wallet via on-chain, but using Boltz (or any other tool like Sparrow? using the phoenix wallet seed phrase?) WILL increase my inbound liquidity
  • So buying inbound liquidity is just a one-time thing, I can receive one payment that takes up all the inbound liquidity? I thought it would last for the time period specified (I believe it was 1 year). (actually this makes sense now, the thing that doesn't make sense is that spending on-chain in Phoenix doesn't appear to restore my initial inbound liquidity)
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34 sats \ 0 replies \ @Scoresby 8 Apr freebie
Yes to all of those, except the last one I'm not too sure about. I've not used their purchase liquidity feature.
I know for a fact that spending out of phoenix via on chain can reduce your liquidity. But this does not take into account liquidity you purchase.
If you haven't used boltz it is a cool process. You can do it either way: LN to on chain or on chain to LN.
In your case it let's your transfer out of your phoenix wallet on the lightning network but then use the boltz exchange to make the transaction end up on chain.
Bolt charges a fee which is similar to the fee phoenix charges for liquidity. I need to do some figuring if the boltz method saves you anything on fees. I mostly like it because it makes it clear in my mind what is going on.
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