Channel policy

2019-05-02T20:11:59Z

Dennisreimann: Explanation for Fee Rate

A channel policy are the rules for the channel, for example the [[Fees|cost (fees)]] of using this channel.

Changing fees: [[Changing fees]]

= Help =
{{HELP|Explain below}}
<pre>
--base_fee_msat value the base fee in milli-satoshis that will be charged for each forwarded HTLC, regardless of payment size (default: 0)
--fee_rate value the fee rate that will be charged proportionally based on the value of each forwarded HTLC, the lowest possible rate is 0.000001
--time_lock_delta value the CLTV delta that will be applied to all forwarded HTLCs (default: 0)
--chan_point value The channel whose fee policy should be updated, if nil the policies for all channels will be updated. Takes the form of: txid:output_index
</pre>

== Base fee ==
A fixed fee that every payment through this hop has to pay.
The base fee is charged regardless of the amount being sent.
The higher the amount, the lower the relative impact of the base fee.

<pre> "base_fee_msat": "0",</pre>

== Fee per mil ==
{{HELP|explain what fee_per_mil means}}
<pre> "fee_per_mil": "1",</pre>

== Fee Rate ==
A percentage charged on the amount of the payment.
It is denominated in millionths of a Satoshi transferred.

<pre> "fee_rate": 0.000001</pre>

== Time Lock delta ==
See [[Delays]]

== Minimum channel size ==
Set minchansize=XXXXX in your config file or startup parameters (lnd) and people will not be able to open smaller channels than the number you give in.

== Maximum HTLC Size ==
{{NOTE|This is planned for lnd 6.0}}
Set the max HTLC size to help pathfinding on mobile. It helps if it is already known how big the max payment can be on a channel, makes pathfinding easier.

Channel policy

2019-05-02T20:02:49Z

Dennisreimann: Explanation for base fee

A channel policy are the rules for the channel, for example the [[Fees|cost (fees)]] of using this channel.

Changing fees: [[Changing fees]]

= Help =
{{HELP|Explain below}}
<pre>
--base_fee_msat value the base fee in milli-satoshis that will be charged for each forwarded HTLC, regardless of payment size (default: 0)
--fee_rate value the fee rate that will be charged proportionally based on the value of each forwarded HTLC, the lowest possible rate is 0.000001
--time_lock_delta value the CLTV delta that will be applied to all forwarded HTLCs (default: 0)
--chan_point value The channel whose fee policy should be updated, if nil the policies for all channels will be updated. Takes the form of: txid:output_index
</pre>

== Base fee ==
A fixed fee that every payment through this hop has to pay.
The base fee is charged regardless of the amount being sent.
The higher the amount, the lower the relative impact of the base fee.

<pre> "base_fee_msat": "0",</pre>

== Fee per mil ==
{{HELP|explain what fee_per_mil means}}
<pre> "fee_per_mil": "1",</pre>

== Fee per mil ==
{{HELP|explain what fee_rate means}}
<pre> "fee_rate": 0.000001</pre>

== Time Lock delta ==
See [[Delays]]

== Minimum channel size ==
Set minchansize=XXXXX in your config file or startup parameters (lnd) and people will not be able to open smaller channels than the number you give in.

== Maximum HTLC Size ==
{{NOTE|This is planned for lnd 6.0}}
Set the max HTLC size to help pathfinding on mobile. It helps if it is already known how big the max payment can be on a channel, makes pathfinding easier.

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Channel policy

Channel policy