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Add a maximum fee threshold for anchor outputs #1672

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merged 5 commits into from
Feb 18, 2021

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@t-bast t-bast commented Jan 19, 2021

With anchor outputs, the actual feerate for the commit tx can be decided when broadcasting the tx by using CPFP on the anchor.

That means we don't need to constantly keep the channel feerate close to what's happening on-chain. We just need a feerate that's good enough to get the tx to propagate through the bitcoin network.

We set the upper threshold to 10 sat/byte, which is what lnd does as well. We let the feerate be lower than that when possible, but do note that depending on your configured feerate-tolerance, that means you can still experience some force-close events because of feerate mismatch.

The last two commits fix small related issues and can be reviewed independently.

NB: anchor outputs is still not safe to use after this commit: we don't bump the feerate yet by doing a CPFP on the anchor. This will come in a later PR.

@t-bast t-bast marked this pull request as ready for review January 20, 2021 16:40
With anchor outputs, the actual feerate for the commit tx can be decided
when broadcasting the tx by using CPFP on the anchor.

That means we don't need to constantly keep the channel feerate close to
what's happening on-chain. We just need a feerate that's good enough to get
the tx to propagate through the bitcoin network.

We set the upper threshold to 10 sat/byte, which is what lnd does as well.
We let the feerate be lower than that when possible, but do note that
depending on your configured `feerate-tolerance`, that means you can still
experience some force-close events because of feerate mismatch.
When using anchor outputs, the mutual close fee is allowed to be greater
than the commit tx fee, because we're targeting a specific confirmation
window.
We allow disagreeing on fees while the channel doesn't contain any htlc,
because no funds can be at risk in that case. But we used the latest signed
fee when adding a new HTLC, whereas we must also take into account the
latest proposed (unsigned) fee.
@t-bast t-bast force-pushed the anchor-output-fixed-feerate branch from b76acc6 to 52dab1d Compare February 4, 2021 16:19
@pm47 pm47 self-requested a review February 15, 2021 14:37
@t-bast t-bast requested a review from pm47 February 17, 2021 09:47
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Codecov Report

Merging #1672 (0602bee) into master (f241ef9) will increase coverage by 0.05%.
The diff coverage is 100.00%.

@@            Coverage Diff             @@
##           master    #1672      +/-   ##
==========================================
+ Coverage   85.98%   86.04%   +0.05%     
==========================================
  Files         151      151              
  Lines       11455    11504      +49     
  Branches      500      502       +2     
==========================================
+ Hits         9850     9899      +49     
  Misses       1605     1605              
Impacted Files Coverage Δ
.../fr/acinq/eclair/blockchain/fee/FeeEstimator.scala 100.00% <100.00%> (ø)
...c/main/scala/fr/acinq/eclair/channel/Channel.scala 86.41% <100.00%> (+0.30%) ⬆️
...in/scala/fr/acinq/eclair/channel/Commitments.scala 93.50% <100.00%> (+0.21%) ⬆️
...c/main/scala/fr/acinq/eclair/channel/Helpers.scala 96.23% <100.00%> (ø)
...-core/src/main/scala/fr/acinq/eclair/io/Peer.scala 89.83% <100.00%> (ø)
...eclair/blockchain/bitcoind/BitcoinCoreWallet.scala 91.86% <0.00%> (-1.97%) ⬇️
...cala/fr/acinq/eclair/payment/relay/NodeRelay.scala 93.70% <0.00%> (-1.58%) ⬇️
.../acinq/eclair/blockchain/bitcoind/ZmqWatcher.scala 98.55% <0.00%> (-0.73%) ⬇️
...main/scala/fr/acinq/eclair/crypto/Monitoring.scala 100.00% <0.00%> (ø)
...a/fr/acinq/eclair/wire/LightningMessageTypes.scala 86.36% <0.00%> (ø)
... and 9 more

@t-bast t-bast merged commit 9618a6a into master Feb 18, 2021
@t-bast t-bast deleted the anchor-output-fixed-feerate branch February 18, 2021 13:20
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3 participants