Phoenix inbound liquidity time questions \ stacker news ~lightning

pull down to refresh

Phoenix inbound liquidity time questions

413 sats \ 10 comments \ @Notfast 25 May lightning

Hi I have phoenix wallet and I requested 1M sats inbound liquidity. I will use that to buy and stack some sats frecuently in a cheap way. The app says the liquidity will last 1 year.

If I deplete that inbound liquidity, will phoenix close the channel by then? Or will it "splice out" the remaining inbound liquidity?
If by the month 11, I decide to request another 1M sats inbound liquidity, will that liquidity be in a new channel? Or will that liquidity be "spliced in" the current channel? If so, will that reset the clock for the original channel?

view all related items

310 sats \ 5 replies \ @anon 25 May

"depleting" the inbound liquidity just means your channel is in a state where all the liquidity is on your side. In that state, Phoenix doesn't have to hold any money on your behalf for liquidity, so you're not actually costing Phoenix anything. In that circumstance I'd expect them to keep the channel open indefinitely.
All new liquidity is spliced-in; Phoenix only has one channel at a time with the new splicing scheme. I'd assume that resets the clock. But I don't know for sure.

I've never actually seen Phoenix close a channel myself, even on wallets that go unused for months. So I suspect all this business about liquidity timing out is just giving them legal cover for doing that if they really need to. I suspect they don't actually do that for channels that are actually getting used except in really exceptional circumstances.

20 sats \ 3 replies \ @Signal312 25 May

I have experienced Phoenix closing a channel, just 2 weeks ago.

It may be that they're checking which country it's being used from. And closing those channels. If you know what I mean.

1 sat \ 2 replies \ @anon 26 May

You from the US?

1 sat \ 1 reply \ @Signal312 26 May

👍

0 sats \ 0 replies \ @Notfast OP 26 May

Curiously enough, Acinq node is located in the US.

0 sats \ 0 replies \ @Notfast OP 25 May

Hi You solved all my doubts, thanks very much! So I have to say Phoenix really covers all of my needs. It is very easy to use and it is very convenient for stacking sats in a cheap way. Most important of all, funds will eventually become just one big UTXO, which is perfect for me in case dust size increases with years. Cheers

0 sats \ 0 replies \ @south_korea_ln 25 May

Would be nice to have an SN ~AMA with one of the acinq guys...

0 sats \ 0 replies \ @senf 25 May

They'll splice in the new payment under the rate limit you put in settings.
They'd probably splice it in, but I don't know. I don't think it would reset the clock on the original liquidity purchase. Phoenix only uses one channel.

20 sats \ 1 reply \ @zklsbn 25 May

deleted by author

0 sats \ 0 replies \ @Notfast OP 25 May

Thanks for your answer. I will try that.