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lease out some onchain btc for short durations, get it back with some interest paid for the lease

I don't think this is for onchain. As I understand it's for renting out a LN channel.

Yes, but you need onchain bitcoin to open a channel to someone

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Oh, so you don't rent out a channel that's already been opened?

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No, it's for people who need inbound liquidity so you open a channel to them and get paid for it

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Ah, that makes sense.

Who pays for the channel close?

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The opener, which is the one who's selling

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their documentation is...lacking in my opinion on details.

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