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0 sats \ 1 reply \ @yashwanth 21 Jun 2022 freebie \ on: StandardSats SBW -- LN wallet with Fiat-denominated custodial channels -- now available on Google Play bitcoin
What is average rate vs server rate ? Can you explain how app works in simple terms ?
Average rate is the rate stored in channel state. While sats are spent on LN their amount in channel variates with regard to real LN invoices. However, the channel liquidity is denominated in some other assets so with every spend average rate (in sats) adjusts reflecting the amount in sats spent and the price in sats at this moment.
Server rate is present rate observed by server (DLC oracle in future). That's for information and transparency.
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