Even if all CTV did was make it so LSPs couldn’t force-close-rug you, it would still be a tremendous upgrade.
Login to reply
Replies (6)
What is it?
You’d predetermine where funds will be (automatically) sent to upon channel close, ie. To an address you control.
instead we get renaming of sats
This is the best simple explanation of what a covenant can do, that I've seen
It already works like that
IIRC I heard Guy Swann explain this a few times a while back with CTV, so I’m definitely missing something with how it makes LSPs more trustless.