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So, are channel reserves something the user sets, or is it a percentage of the total?
a % of the total. yes if you know how to do it, you can set it manually but usually is automatically 1 % https://bitcoin.design/guide/how-it-works/liquidity/#channel-reserve
But there are more...
  • anchor reserves
  • commit_fees that vary if the mempool fees are spiking
  • buffer channel reserves
so many fucking reserves that if you open a shity tiny channel you end up with almost nothing available to use.
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