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This is a value for value post: see the explanation in the footer.

@v4vapp Update

Rate Limits per Hive User

The Rate limits have all gone up. The only reason these exist is because @v4vapp was never meant to be a replacement for exchanges. As Magi comes online as a viable market for Hive/HBD exchange to BTC/sats, I hope to make @v4vapp become much more of a gateway in and out for that market.

This is the process I'm workin with @magi.network on.

The up-to-date rate limits can always be found on the v4vapp status page but I'll post them here now, the 4 hour limit has gone up from 400,000 sats to 600,000 sats and the others by similar amounts.

Quick Notes

• These limits control how much you can convert/send via the Hive → Lightning gateway (sats on the Lightning Network).
• Equivalents in Hive/HBD are approximate and fluctuate with the current exchange rate.
• The shortest window (4 hours) is the most restrictive for quick bursts.
• Longer periods allow higher total volume but are still capped.

Fees

@v4vapp fees are going to appear to change but not really. I've listed the fee as 50 sats + 1.7% but in reality, because of the way I was using Binance's prices, there was usually a 0.2% margin between buying and selling price in addition to the 1.7%.

Because of the way in which I'm changing the system to use Magi as a back end (not quite there yet) I'm going to remove this previously hidden 0.2% and just call the fee 1.9%. This won't change the prices in real terms.

Magi Integration

Lightning to Magi Sats

I do have a working system to allow you to receive Magi Sats via Lightning Address.

The way this works is that sats can be sent to a Lightning address (which looks like an email address) from most Lightning wallets. Your address is:

<hive name>@magi.v4v.app

This will be sent to a BTC account on Magi and if you log in to their Altera Magi front end with your Hive account you will see the sats.

There is a fee for this: the same 50 Sats + 1.9% as there is for converting Hive/HBD to Sats or vice versa.

Lightning to Magi Sats Via an API Invoice

This can also be done with an invoice and via the API for @v4vapp. Get in touch with me if you're intested in this.

Magi Sats to Lightning

This is working, but there are no front ends which surface this yet. It can be controlled with custom_json on Hive if you're a developer. If you want to explore this with me, get in touch in the comments. You can send Magi Sats to @v4vapp via a custom_json along with an invoice to pay, and it will be paid, in a similar way to how I handle Hive to Lighting at present.

Vote for @brianoflondon Witness

I haven't instituted this yet, but I'm thinking of giving a loyalty bonus refund on fees for people who vote for my witness as a mark of appreciation for your support.

Vote for Brianoflondon's Witness KeyChain or HiveSigner**

New Magi Proposal

Please do consider adding your vote for the renewed @magi.network proposal. We really need Magi on Hive.

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Value for Value

For the last few months while building @v4vapp I was generously supported by the DHF. Going forward I have a much more modest support which covers direct server costs and a little of my time.

If you appreciate the work I do on and around Hive, you can express this directly: upvoting posts on Hive is great. Also consider a direct donation (there's a Tip button on Hive or a Lightning Address) on all my posts.

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