@@ -8,11 +8,13 @@ client and depends on the Lightning Network daemon
88backends are fully supported when using the Loop client: Neutrino, Bitcoin
99Core, and btcd.
1010
11- In the current iteration of the Loop software, only off-chain to on-chain
12- swaps are supported, where the Loop client sends funds off-chain in
13- exchange for the funds back on-chain. This is called a ** Loop Out** .
11+ In the current iteration of the Loop software, two swap types are supported:
12+ * off-chain to on-chain, where the Loop client sends funds off-chain in
13+ * on-chain to off-chain, where teh Loop client sends funds to an on-chain
14+ address using an off-chain channel
1415
15- The service can be used in various situations:
16+ We call off-chain to on-chain swaps, a ** Loop Out** . The service can be used
17+ in various situations:
1618
1719- Acquiring inbound channel liquidity from arbitrary nodes on the Lightning
1820 network
@@ -21,11 +23,11 @@ The service can be used in various situations:
2123- Paying to on-chain fallback addresses in the case of insufficient route
2224 liquidity
2325
24- Loop also allow offers an experimental testnet version of on-chain to off-chain
25- swaps, called ** Loop In ** . This allows you to use on-chain funds to increase
26- the local balance of a channel.
26+ We call our on-chain to off-chain swaps, a ** Loop In ** . This allows you to use
27+ on-chain funds to increase the local balance of a channel, effectively
28+ "refilling" an existing channel.
2729
28- Potential uses for Loop In:
30+ Potential uses for ** Loop In** :
2931
3032- Refilling depleted channels with funds from cold-wallets or exchange
3133 withdrawals
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