Channel policy - Revision history

MiltonPusser at 17:58, 11 September 2020

2020-09-11T17:58:54Z

← Older revision		Revision as of 17:58, 11 September 2020
Line 39:		Line 39:
	{{NOTE\|This is planned for lnd 6.0}}		{{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.		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.

			= Setting a default policy (LND) =
			Set this in your lnd.conf in the Bitcoin section:
			<pre>
			# The base fee in millisatoshi we will charge for forwarding payments on our channels (default: 1000)
			bitcoin.basefee=1000
			# The fee rate used when forwarding payments on our channels. The total fee charged is basefee + (amount * feerate / 1000000), where amount is the forwarded amount. (default: 1)
			bitcoin.feerate=50
			</pre>

Dennisreimann: Explanation for Fee Rate

2019-05-02T20:11:59Z

Explanation for Fee Rate

← Older revision		Revision as of 20:11, 2 May 2019
Line 24:		Line 24:
	<pre> "fee_per_mil": "1",</pre>		<pre> "fee_per_mil": "1",</pre>

	== Fee ~~per mil~~ ==		== Fee Rate ==
	~~{{HELP\|explain what fee_rate means}}~~		A percentage charged on the amount of the payment.
			It is denominated in millionths of a Satoshi transferred.

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

Dennisreimann: Explanation for base fee

2019-05-02T20:02:49Z

Explanation for base fee

← Older revision		Revision as of 20:02, 2 May 2019
Line 14:		Line 14:

	== Base fee ==		== Base fee ==
	~~{{HELP\|explain what base_fee means}}~~		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>		<pre> "base_fee_msat": "0",</pre>

MiltonPusser: /* Minimum channel size */

2019-03-07T06:35:35Z

Minimum channel size

← Older revision		Revision as of 06:35, 7 March 2019
Line 29:		Line 29:

	== Minimum channel size ==		== Minimum channel size ==
	Set minchansize=XXXXX in your config file or startup parameters (lnd)		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 ==		== Maximum HTLC Size ==
	{{NOTE\|This is planned for lnd 6.0}}		{{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.		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.

MiltonPusser: /* Minimum channel size */

2019-03-07T06:35:10Z

Minimum channel size

← Older revision		Revision as of 06:35, 7 March 2019
Line 29:		Line 29:

	== Minimum channel size ==		== Minimum channel size ==
	Set minchansize=XXXXX (lnd)		Set minchansize=XXXXX in your config file or startup parameters (lnd)

	== Maximum HTLC Size ==		== Maximum HTLC Size ==
	{{NOTE\|This is planned for lnd 6.0}}		{{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.		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.

MiltonPusser at 08:42, 6 March 2019

2019-03-06T08:42:01Z

← Older revision		Revision as of 08:42, 6 March 2019
Line 3:		Line 3:
	Changing fees: [[Changing fees]]		Changing fees: [[Changing fees]]

	= Base fee =		= 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 ==
	{{HELP\|explain what base_fee means}}		{{HELP\|explain what base_fee means}}
	<pre> "base_fee_msat": "0",</pre>		<pre> "base_fee_msat": "0",</pre>

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

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

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

	= Minimum channel size =		== Minimum channel size ==
	Set minchansize=XXXXX		Set minchansize=XXXXX (lnd)

	= Maximum HTLC Size =		== Maximum HTLC Size ==
	{{NOTE\|This is planned for lnd 6.0}}		{{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.		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.

MiltonPusser at 08:40, 6 March 2019

2019-03-06T08:40:17Z

← Older revision		Revision as of 08:40, 6 March 2019
Line 15:		Line 15:
	<pre> "fee_rate": 0.000001</pre>		<pre> "fee_rate": 0.000001</pre>

	= Minimum ~~channels~~ =		= Time Lock delta =
			See [[Delays]]

			= Minimum channel size =
	Set minchansize=XXXXX		Set minchansize=XXXXX

MiltonPusser at 07:47, 6 March 2019

2019-03-06T07:47:21Z

← Older revision		Revision as of 07:47, 6 March 2019
Line 17:		Line 17:
	= Minimum channels =		= Minimum channels =
	Set minchansize=XXXXX		Set minchansize=XXXXX

			= 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.

MiltonPusser at 14:00, 28 February 2019

2019-02-28T14:00:10Z

← Older revision		Revision as of 14:00, 28 February 2019
Line 4:		Line 4:

	= Base fee =		= Base fee =
	{{~~TODO~~\|explain what base_fee means}}		{{HELP\|explain what base_fee means}}
	<pre> "base_fee_msat": "0",</pre>		<pre> "base_fee_msat": "0",</pre>

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

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

	= Minimum channels =		= Minimum channels =
	Set minchansize=XXXXX		Set minchansize=XXXXX

MiltonPusser: /* Minimul channels */

2019-02-21T11:48:19Z

Minimul channels

← Older revision		Revision as of 11:48, 21 February 2019
Line 15:		Line 15:
	<pre> "fee_rate": 0.000001</pre>		<pre> "fee_rate": 0.000001</pre>

	= ~~Minimul~~ channels =		= Minimum channels =
	Set minchansize=XXXXX		Set minchansize=XXXXX