J on Nostr: None if the wallets I have used so far have this capability that I could find. I'm ...
None if the wallets I have used so far have this capability that I could find. I'm aware that channel liquidy is their primary revenue model. However in light of this post note1v7w5kgl9pnnm27053xtyplru2e3wznch34stgqqpcn72gw5qf09s8sfh3v I wanted to see what the fees were for each service and what was being displayed to the end user.
Phoenix
Breez
Blockstream Green
Zeus
Mutiny
In each instance I try to receive 4,000,000 sats.
Blockstream Green - I can't really tell what's going on here. I see a 2,500 sat funding fee and they advertise a 0.04% fee but they show -$175.37 on screen 🤷♂️
Phoenix Wallet - After editing the invoice amount I'm met with a fee estimation of 10,672 sats. Note, the default max fee percentage in settings which is very hidden is set to 50%. I'm guessing that's what happened to the note I linked above.
Breez - They show you very clearly a 1% fee when creating the invoice and then on the next screen show you exactly what you will be charged. 40,000 sats at ($17.64).
Mutiny - First they warned me about receiving 4,000,000 sats as its beta software. Moving along, they show me a setup fee of 14,928 sats as a setup fee.
Zeus - They talk about setup fees on the invoice creation page but there are no details, just a link to their website to learn more. On the QR code screen they show me 62,500 sats will go to the LSP, I'm assuming Voltage. Does Zeuse get a split of that?
What do I want to see as a user? I want to see the percentage if any youre charging for the liquidity in three ways. I want to see the percentage, the sats amount that equals and I want to see that in fiat value. Whats else is missing? Aside from some wallets not clearly showing fees, we’re absolutely missing onchain fees. Why are these not being displayed? This is a must and cannot be overlooked.
I tried to post some screenshots but I couldnt upload them on Primal
Anyone have any thoughts?
Phoenix
Breez
Blockstream Green
Zeus
Mutiny
In each instance I try to receive 4,000,000 sats.
Blockstream Green - I can't really tell what's going on here. I see a 2,500 sat funding fee and they advertise a 0.04% fee but they show -$175.37 on screen 🤷♂️
Phoenix Wallet - After editing the invoice amount I'm met with a fee estimation of 10,672 sats. Note, the default max fee percentage in settings which is very hidden is set to 50%. I'm guessing that's what happened to the note I linked above.
Breez - They show you very clearly a 1% fee when creating the invoice and then on the next screen show you exactly what you will be charged. 40,000 sats at ($17.64).
Mutiny - First they warned me about receiving 4,000,000 sats as its beta software. Moving along, they show me a setup fee of 14,928 sats as a setup fee.
Zeus - They talk about setup fees on the invoice creation page but there are no details, just a link to their website to learn more. On the QR code screen they show me 62,500 sats will go to the LSP, I'm assuming Voltage. Does Zeuse get a split of that?
What do I want to see as a user? I want to see the percentage if any youre charging for the liquidity in three ways. I want to see the percentage, the sats amount that equals and I want to see that in fiat value. Whats else is missing? Aside from some wallets not clearly showing fees, we’re absolutely missing onchain fees. Why are these not being displayed? This is a must and cannot be overlooked.
I tried to post some screenshots but I couldnt upload them on Primal
Anyone have any thoughts?