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142 sats \ 2 replies \ @south_korea_ln 25 Oct 2022 \ on: LN+ Has Deployed 1,000+ BTC of Lightning Network Liquidity bitcoin
I wonder how that LN+ number is calculated. On my now defunct node, I was close to 10 BTC public capacity. Assuming for this exercise that all of this liquidity was acquired through LN+, is the 1000 BTC number accounting for the fact that all these channels have been closed, and thus the actual number due to my node would just be 990 BTC?
Not accounting for closed channels, redeploying them again would bring the LN+ counter to 1010 BTC, although only 1000 BTC is actually in the network. Assuming that this type of behavior happens 50% of the time, i.e closing and redeploying, we'd have an LN+ number of 1500 BTC while only 1000 BTC is in the network.
The way it's calculated is very simple. Every time a liquidity swap is completed it includes 1-5 channels. Each channel capacity is added to the total capacity opened. Therefore this is a historical total since the start: June 2021 (total 17 months).
Swaps have various expiration dates from 1m to years, and sometimes nodes may fail so the channels may close prematurely. Therefore 1,000 BTC doesn't mean that we currently have 1,000 BTC worth of channels opened on LN+.
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Ok. Thanks for the confirmation and detailing message.
I reckon it's much less than 1000 BTC then. I closed all my channels, and I still often get messages in my swaps of other people (force-)closing channels. Also, many don't respect the 1 month to years commitment. Unlike amboss liquidity, i don't remember LN+ punishing someone for closing a channel before expiration commitment.
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