square shape over clouds

Status

Completed

Square Capacity

4,000,000 SAT

4.0M SAT / 0.04 BTC

Spaces Available

None

All 4 spaces are filled

Channel Duration

12 months or more

Open at least till: August 03, 2022

Participant Restrictions

As reported in your profile, which updates every hour.

Capacity

10,000,000 SAT

Minimum total channel capacity

Additional Rules

Please don't apply if we already have an open channel.

Description

This is a Bitcoin Lightning Network liquidity swap, designed to help LN node operators generate both outgoing and incoming liquidity, increase connectivity and decentralization of the network.

Swap ID: 1127 was created on August 03, 2021 by pumpkinpatch.

What to Do Next?

This Swap is closed for applications. Please find another Swap, and sign in to join or start a new one.


Node A

Channel Opened

pumpkinpatch

pumpkinpatch

Rated

Applied 3 months ago and last seen 6 days ago.

Has 61,104,962 SAT capacity in 23 channels.

A have opened to B

Node B

Channel Opened

rockshouse

rockshouse

Rated

Applied 3 months ago and last seen about 9 hours ago.

Has ~19.737 BTC capacity in 319 channels.

B have opened to C

Node C

Channel Opened

Applied 3 months ago and last seen 5 days ago.

Has ~2.327 BTC capacity in 50 channels.

C have opened to D

Node D

Channel Opened

HellStew

HellStew

Rated

Applied 3 months ago and last seen about 2 months ago.

Has 32,300,000 SAT capacity in 15 channels.

D have opened to A


18 Comments

Nodery Public wrote 3 months ago

pumpkinpatch are you planning to balance the square before we adjust fees?


pumpkinpatch

pumpkinpatch wrote 3 months ago

Hi Nodery, I wasn't planning to as it's hard to tell how traffic will flow once we get the ring established. Open to suggestions, though. Thanks for joining


Nodery Public wrote 3 months ago

Heh. I guess we'll just let nature take its course. :)


Nodery Public wrote 3 months ago

just gave it a try. looks like we're missing pumpkinpatch's channel being open.

I'll try again in a few minutes


Nodery Public wrote 3 months ago

/me cheers for the pumpkinmeister to get that ring closed!


Nodery Public wrote 3 months ago

ah well. fee changes have started. Thanks for the loop! Balance will be whatever balance will be, I guess. :)


rockshouse

rockshouse wrote 3 months ago

Yep, still waiting on the pumpkin.


Nodery Public wrote 3 months ago

If you don't change them right away, it's possible someone connected to you will use the cheap routing channel and your new capacity to move a bunch of sats around.

However, it's also true if we could get the ring closed and everybody keeps their fees very low then we can do a quick rebalance, and the whole ring will shift around so everyone will start out with balanced channels.

It can be tricky because the longer you run with super-low fees, the more chance somebody will gobble it up, but if you change them right away, then we can't get our ring balanced. :)

If pumpkinpatch gets that ring closed we could do a quick rebalance and then you could set to whatever you want. Which, I mean, you can set to whatever you want now. I just mean that we could get a balanced ring.

Fees are a very dark art, best I can tell.


Nodery Public wrote 3 months ago

pumpkinpatch appears still not to have closed the loop :(


Nodery Public wrote 3 months ago

I gotta go to sleep. Guess we're not gonna get this to happen tonight. Put your fees back to wherever you're comfortable with. Maybe if nothing has happened by tomorrow sometime we can pull it off


rockshouse

rockshouse wrote 3 months ago

Pumpkin has opened their channel to me.


Nodery Public wrote 3 months ago

hrm. rebalance is still trying to route it through another of HellStew's connections rather than pumpkin. For me, anyway. Trying to do

bos rebalance --amount 2000000 --max-fee-rate 25 --in 'rockshouse' --out 'shadrach-kycjelly.com'

but first hop from shadrach is somebody else entirely, 2 hops away from rock. So it's not choosing to route through pumpkin. rockshouse, you wanna try it? Maybe my bos has cached bad route info cuz I've tried this so many times.


Nodery Public wrote 3 months ago

OK, I gotta ask - HellStew, is your channel to pumpkinpatch open?


Nodery Public wrote 3 months ago

yeah, I see it listed. well i got no idea


Nodery Public wrote 3 months ago

I give up. Even managed to get a route where it went me -> hellstew -> pumpkin but then it went through another hop or two before rockshouse, and pumpkin has his fees up to 100 or so on that route anyway.

So I give up. Gonna adjust fees here and go to bed. Sorry, all. I tried!


pumpkinpatch

pumpkinpatch wrote 3 months ago

Thanks for trying, Nodery. I just tried to rebalance as well and was able to route through all your nodes just fine, but current fees are going to make it impractical. I'm OK leaving it be for now but if people want to try again later we can.

Also, you can always set fees in a way to encourage inbound/outbound where needed. It's not a guaranteed fix but it can help in the long run and avoids the need to constantly rebalance. Thanks for joining, everyone. Keep stacking. :)


Nodery Public wrote 3 months ago

I got it! Managed to get it to go through today around noon. Woot!


HellStew

HellStew wrote 3 months ago

LEGEND! That's awesome.


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