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blip-0041: channel funding fee credit #41

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Commits on Jul 11, 2024

  1. blip-0041: channel funding fee credit

    Onboarding users to the lightning network is hard, because opening a
    channel requires paying on-chain fees and allocating capital, hoping
    that it will be used to earn routing fees. It is not economical nor
    sustainable to open channels for users that receive a tiny amount and
    may not use the network frequently enough.
    
    Wallet providers usually work around this issue by requiring users to
    receive a large enough first payment to pay on-chain fees for their
    channel.
    
    However, a collection of unrelated tiny payments received over a period
    of time may be enough to justify creating a channel. We thus introduce
    a funding fee credit, that lets users prepay for future channel(s) by
    proactively revealing htlc preimages for small payments. When that fee
    credit reaches a sufficient amount, it is used by the remote node to
    cover the on-chain costs of opening a channel or splicing additional
    liquidity.
    t-bast committed Jul 11, 2024
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