square shape over clouds

Status

Completed

Square Capacity

5,000,000 SAT

5.0M SAT / 0.05 BTC

Spaces Available

None

All 4 spaces are filled

Channel Duration

12 months or more

Open at least till: June 28, 2022

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: 35 was created on June 27, 2021 by freedom4all.

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

Applied 5 months ago and last seen about 2 months ago.

Has ~2.563 BTC capacity in 56 channels.

Rank: 7 / Silver Node.

A have opened to B

Node B

Channel Opened

Applied 5 months ago and last seen 5 days ago.

Has ~11.66 BTC capacity in 231 channels.

Rank: 9 / Platinum Node.

B have opened to C

Node C

Channel Opened

Marmaduke

Marmaduke

Rated

Applied 5 months ago and last seen about 1 month ago.

Has 17,500,000 SAT capacity in 7 channels.

Rank: 3 / Copper Node.

C have opened to D

Node D

Channel Opened

Sidewaysram

Sidewaysram

Rated

Applied 5 months ago and last seen 4 months ago.

Has 1,100,000 SAT capacity in 2 channels.

Rank: 4 / Mercury Node.

D have opened to A


28 Comments

freedom4all

freedom4all wrote 5 months ago

Please use a fee of at least 10 sat/Byte for setting up the channel. We could Chat over sphinx.chat when it eventually works with Android with umbrel :)


freedom4all

freedom4all wrote 5 months ago

SLICKERBOUNCE: Unable to open channel, received funding error from 0337694505123a12a8fadd95523dcc235898ad3b80a06e4a63ca26fed68dd0d17c: chan_id=22720a3b40308e6fde1d89c0c9ae9bf9d6c0b7763c44f41b4cc2d1b36b9d37c7, err=Multiple channels unsupported


freedom4all

freedom4all wrote 5 months ago

SLICKERBOUNCE: I can fund node C and skip yours (creating a triangle instead of a square) . Otherwise, please enable multiple channels. Another option would be to close the 1mil channel that I already opened to you, and replace it with a 6mil channel. I recommend to go the multi channel way, to avoid future issues.


SLICKERBOUNCE wrote 5 months ago

Don't think clightning can enable multiple channels (?). Not sure node C is a good node to allocate so much liquidity to. Can't even seem to find the node on lightning explorers.


Marmaduke

Marmaduke wrote 5 months ago

Node C (i.e. me) only just started using lightning. If I’m doing it wrong let me know.


freedom4all

freedom4all wrote 5 months ago

@Marmaduke Start with opening a channel to 1ml.com or some other explorers or hubs, so you get visible. Also please understand that this is a long term commitment. Starting with smaller channels and gathering experience is recommended. I also can't find a path on the lightning graph to you.


Marmaduke

Marmaduke wrote 5 months ago

Ok. Sounds a bit chicken and egg to me, but if this ring isn’t going to work I’m out. Thanks guys.


freedom4all

freedom4all wrote 5 months ago

@Marmaduke don't give up. Check https://github.com/stakwork/sphinx-relay/wiki/Home-node-FAQ and open 100k sat to their node, and get both visibility, and joining sphinx chat network which is the next big thing. Then we could see you. Otherwise you


freedom4all

freedom4all wrote 5 months ago

..might have issues on other rings as well.


freedom4all

freedom4all wrote 5 months ago

@Marmaduke You started getting visibility here:
https://amboss.space/node/037d34f87c2e608908ecead8f7b8aa66c7c0ab7131184194588f232a516a3848f5


freedom4all

freedom4all wrote 5 months ago

@SLICKERBOUNCE so what do you prefer? Staying out of this ring and I open a channel with Marmaduke, or that I replace the 1mil channel I opened to you with a 6mil, and then you open a channel with Marmaduke ?


Marmaduke

Marmaduke wrote 5 months ago

I have a couple more channels opening now so should start to get some visibility.


freedom4all

freedom4all wrote 5 months ago

@Marmaduke I see you https://1ml.com/node/037d34f87c2e608908ecead8f7b8aa66c7c0ab7131184194588f232a516a3848f5


freedom4all

freedom4all wrote 5 months ago

I will wait for the decision of SLICKERBOUNCE


SLICKERBOUNCE wrote 5 months ago

ok I see you marma I'll open to you. As every channel open close is costing you sats no problem for you to just leave the 1m channel and save your liquidity. My node already has a good amount of incoming and 5m + channels that will integrate this square with the rest of the network.


SLICKERBOUNCE wrote 5 months ago

Alternatively could you open the 5m to this node https://1ml.com/node/02f4c77dcf12255ccf705c18b8d6b95e4f884910bf61e8aa21242607193a79da1b - it already has a 5m+ channel to me so it extends this to a penta and it could use the incoming


SLICKERBOUNCE wrote 5 months ago

Yeah freedom4 alternatively opening to this node is the best option: 02f4c77dcf12255ccf705c18b8d6b95e4f884910bf61e8aa21242607193a79da1b@sjslusyyflv3i37jex5w7jdi3eojwwtbvyrxgbhyvjn3snuf3zis6rid.onion:9735

Existing channel that makes this penta:
https://1ml.com/channel/753500816173826048


freedom4all

freedom4all wrote 5 months ago

@SLICKERBOUNCE - I just opened the 5m to the node of your request. Great attitude!


freedom4all

freedom4all wrote 5 months ago

@Sidewaysram - now waiting for you to close the circle


Sidewaysram

Sidewaysram wrote 5 months ago

opening now.


Sidewaysram

Sidewaysram wrote 5 months ago

can't seem to add @freedom4all as a peer, just hangs on adding peer for both the pub key and the pub key @ip:port form


Sidewaysram

Sidewaysram wrote 5 months ago

42wtn65abn4ikrptgho2aapokehjufhlvjlxdwlgc4pgxvbzatkel7yd.onion:9735: unknown error host unreachable


Sidewaysram

Sidewaysram wrote 5 months ago

just added 3 others before it, and they connect fine, is there any issue with your node freedom4all ?


freedom4all

freedom4all wrote 5 months ago

sorry. my umbrel went offline beause of the heat. Now back.


Sidewaysram

Sidewaysram wrote 5 months ago

you should probably fix that issue ... you're going to suffer if you have periods of downtime other nodes will avoid routing to/via you


Sidewaysram

Sidewaysram wrote 5 months ago

Channel opened.


freedom4all

freedom4all wrote 5 months ago

It is the first downtime since more than a month and minutes long. I keep a close eye on my umbrel.


Marmaduke

Marmaduke wrote 5 months ago

Cool. Looks like we're all on.


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