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