I use a 3 foot length of 7/64 amsteel and use a double fishermans bend to make a loop. Feed the loop thru the channel, cinch up the channel and feed one of the loop thru the other and wrap it around the end of the hammock twice creating a muchroom head and then feed the loop back thru the U that was formed in the end of the hammock and tighten.
http://www.animatedknots.com/doublefishermans/ on how to tie the knot.
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