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[feature-request] Automaticly adjust fees

Open kroese opened this issue 3 years ago • 1 comments

I see that Jet calculates the optimal fees for my channels. It would be nice if Jet also could automaticly adjust my fees based on these calculations.

kroese avatar May 21 '22 19:05 kroese

Jet specializes in circular rebalancing. In most cases, Jet will rebalance as long as there is some profit to be made and the cost of rebalancing is less than the fees that can be collected. In other words, rebalancing will occur when fees are within the profitability range. The actual fee value is determined by the strategy used by the node operator. A node operator can choose to maximize profit at the expense of routing volume, maximize routing as long as it is profitable, or stay in the middle.

Rather than diverge into fee automation, my current preference is to keep the effort focused on optimizing the circular rebalancing algorithm. There are several jet-compatible tools available for the latter.

Having said that, Jet will continue to provide (and improve) profitability statistics to help node operators make better decisions.

itsneski avatar Aug 16 '23 23:08 itsneski