I keep getting the following message when i try to perform a loopout on lightning terminal. Not sure how to fix it, can anyone help? Thanks!
Screen Shot 2021-07-07 at 19.42.02|315x141
Loop fails more often than not.
The way I use it is as follows (it still fails 80% of the time using this process)
- In lightning Terminal select loop, select channel to loop out from.
- Select loop out.
- Set loop amount under 400k sats. (I’ve not had anything over that go through)
- In additional options paste your receiving address (may not need this step but I do it anyways)
- I set confirmation target between 100 and 150 blocks (very high yes but lower has never worked for me and this gets the lowest fee rate and still confirms within 5 blocks)
- Confirm
Stick with it. I’ve had up to 14 failures in a row before a successful loop. Not sure why it fails so often but it does. The steps above seem to give the highest chances of success.
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I usually use Thunderhub for balancing between channels and RTL for loop out. I notice that those 2 works better.
Also I use lower amount 100-200k max for loop out. Not all nodes in the route have such liquidity as 500k for a loop out. Increasing hops also helps finding a better route.
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That’s great to know, I’ve been banging my head against the wall on this one for weeks.
I recently had a much larger loop out fail from RTL, and while it shows that the invoice expired it still subtracted that amount from my lightning balance. Will this correct itself? It’s been a day now.
Had some mixed experience with looping out. With RTL it did not work for me, even after several attempts. My node is synchronized and I have (by now) about 6 channels.
With Thunderhub it worked well on the second try (needed to adjust some fees a bit). The experience with Thunderhub was pretty smooth, even though I had no idea what I was doing through part of the process. I call that good design 
I’ll give this a try, thanks for the advice.