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199 sats \ 2 replies \ @zapsammy 12 Apr \ on: Tinkering with Phoenix Wallet bitcoin
i don't think u can connect BTCpay to Phoenix wallet, u wud have to use phoenixd server, which is only a few lines of copy-paste code. i cannot find a specific guide at the moment.
here's an example of linking LNbits to phoenixd: #682686
here's how to attach stacker.news to phoenixd: #695912
installing phoenixd on Linux: #477485
depending on ur privacy and fee preferences, u can either
- swap-out to on-chain directly (called splice-out) from the large channel, thereby creating an on-chain footprint. if u have originally created the channel thru an LN payment, this operation will only link the swapped-out UTXO to the future spliced-out or spliced-in UTXO's.
- alternatively, u can use the swapping services like boltz.exchange, swaps.eldamar.icu (smaller amounts for cheaper), or Robosats (auction of swaps).
Great, thank you.
I did create the channel on Pheonix via LN. I'm not sure if I understand what you mean by when you say "if u have originally created the channel thru an LN payment, this operation will only link the swapped-out UTXO to the future spliced-out or spliced-in UTXO's."
I've been using Boltz to do swaps back to onchain to cold storage after obtaining more bitcoin on RoboSats (or elsewhere).
So the thread would be:
From Robosats (or payment from a sale to my node) -> Boltz -> cold storage
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if you buy the channel and deploy liquidity via LN, u don't use ur own UTXO's, so the UTXO's produced from future on-chain operations are not linked to u. however, the behavior of those future UTXO's is still linked to splicing in & out of a specific Phoenix channel. sometimes it matters, sometimes it doesn't.
i found Phoenix very useful for large swaps thru Boltz and the success rate is very high. the downside is the high swapping fee and high LN fees through ACINQ, so i am starting to think how to minimize those fees.
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