Does anyone get custodial control of your funds when using Lightning Network? When I open a payment channel on Lightning Network, do I need to subject my funds to custodial control of another party? Is there a counterparty risk in Lightning Network?
From my understanding on how the Lightning Network works (derived from the whitepaper and video), all parties commit an amount of funds in order to open a payment 'channel'.  The architecture itself forces the funds to be either transmitted correctly (potentially multiple transfers between the involved parties), or in case of a non-collaborating channel node, for the transactions to be pushed to the Bitcoin blockchain and therefore for the channel to close without any of the involved parties losing any of the funds (but potentially not completing the intended transactions).  The custodian is the channel itself and therefore all the participating channel nodes.  Taken directly from the explanation:


  "This entry [multi-party blockchain entry] can be closed out at any time by either party without any
  trust or custodianship by broadcasting the most recent version to the
  blockchain."