Temporary Closure - for Upgrades

Posted 15 days ago by Shtacks_City

Dear Channel Partners,

I will need to close down all my channels maybe later this month. By this point, nearly all of my contracts should expire. 

For those contacts with some time left outstanding, I would be happy to pay for your opening and closure fees where you opened a channel to me.

I am taking this step to prevent any accidental mistakes and avoid unnecessary loss of funds. These funds are important for the network from a liquidity/route availability stand point and to myself who likes to shtack sats.

Keeping all channels open would be great, however, I feel that this risk is too high with the setup changes that I will need to make in the coming months.

Thank you for your understanding.


1 Comment

Shtacks_City wrote 15 days ago

I aim to mutually/cooperatively close the channels at a time where fees are very low. 7 sat/vB or lower is my target.

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Lightning Network Node
Rank: 7 / Silver Node
Capacity: 56,765,000 SAT
Channels: 30

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