> For the complete documentation index, see [llms.txt](https://docs.txflow.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.txflow.com/txflow-l1/channel-lifecycle.md).

# Channel Lifecycle

### Registration

Channels register with the protocol.

### Configuration

Developers define:

* Markets
* Fees
* Risk Parameters

### Activation

The Channel connects to TIP interfaces.

### Settlement

All activity settles through TxFlow L1.