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Channel Creation Service for xud1 #1361

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kilrau opened this issue Jan 15, 2020 · 5 comments
Closed

Channel Creation Service for xud1 #1361

kilrau opened this issue Jan 15, 2020 · 5 comments
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@michael1011 @kilrau
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P1 top priority question/tbd Further information or discussion needed

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kilrau commented Jan 15, 2020 •
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Our goal for the coming months should be a close-to-100% swap success rate for anyone using the "default setup". It's ok to make some temporary compromises on decentralization for that (compare phoenix).

Thoughts:

  • maintaining (open, continuously rebalance) direct raiden channels for more than 2-3 peers and more than 2-3 pairs is unrealistic; even for a market maker
  • we have a list of bootstrap nodes, Requirement currently is only a 24/7 uptime to share other nodes and make them find each other.
  • I think we can built on that, adding the requirement for a bootstrap node to also have fat, direct, continously rebalanced channels with all other bootstrap nodes
  • additionally only bootstrap nodes should be offering an "open channel service" to xud users
  • the default setup gets channels from/to one of the bootstrap nodes when the user deposits something into her xud node

This would result in "as long as I have good channels with one of the bootstrap nodes, I can swap reliably" scenario.

The maximum hops are 3. UserA -> bootstrapA -> boostrapB -> UserB. For the time being we only have one bootstrap node, which simplifies the scenario to UserA -> xud1.exchangeunion.com -> UserB.

What needs to be discussed:

  • agreement/disagreement of starting with this in beta.1
  • how can xud1 offer this? Probably it would need a B instance to support this feature.
@kilrau kilrau added the P1 top priority label Jan 15, 2020
@kilrau kilrau changed the title Open Channel Service [Discussion] Open Channel Service Jan 15, 2020
@kilrau kilrau added the question/tbd Further information or discussion needed label Jan 15, 2020
@kilrau kilrau mentioned this issue Jan 15, 2020
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kilrau commented Jan 16, 2020

Consider https://github.com/breez/lspd/blob/master/README.md

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kilrau commented Feb 18, 2020

I believe we all agreed to go with this approach, right?

@kilrau kilrau added P2 mid priority and removed P1 top priority question/tbd Further information or discussion needed labels Feb 24, 2020
@kilrau kilrau changed the title [Discussion] Open Channel Service Open Channel Service on xud1 Feb 24, 2020
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kilrau commented Feb 28, 2020

I believe we all agreed to go with this approach, right?

Talking to myself here, but yes we did.

@kilrau kilrau removed the P2 mid priority label Feb 28, 2020
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kilrau commented Feb 28, 2020 •
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xud integration part: #1520

@kilrau kilrau changed the title Open Channel Service on xud1 Open Channel Service for xud1 Apr 3, 2020
@kilrau kilrau added P1 top priority question/tbd Further information or discussion needed labels Apr 6, 2020
@kilrau kilrau mentioned this issue May 5, 2020
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@kilrau kilrau mentioned this issue May 15, 2020
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@kilrau kilrau changed the title Open Channel Service for xud1 Channel Creation Service for xud1 Jun 8, 2020
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kilrau commented Jun 8, 2020

Let's start with xud1.testnet.exchangeunion.com

@kilrau kilrau closed this as completed Jul 7, 2020
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