README: update to mention Loop In availability

pull/63/head v0.2.0-alpha
Olaoluwa Osuntokun 5 years ago
parent a10015fce2
commit 7bcd7f0572
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@ -8,11 +8,13 @@ client and depends on the Lightning Network daemon
backends are fully supported when using the Loop client: Neutrino, Bitcoin
Core, and btcd.
In the current iteration of the Loop software, only off-chain to on-chain
swaps are supported, where the Loop client sends funds off-chain in
exchange for the funds back on-chain. This is called a **Loop Out**.
In the current iteration of the Loop software, two swap types are supported:
* off-chain to on-chain, where the Loop client sends funds off-chain in
* on-chain to off-chain, where teh Loop client sends funds to an on-chain
address using an off-chain channel
The service can be used in various situations:
We call off-chain to on-chain swaps, a **Loop Out**. The service can be used
in various situations:
- Acquiring inbound channel liquidity from arbitrary nodes on the Lightning
network
@ -21,11 +23,11 @@ The service can be used in various situations:
- Paying to on-chain fallback addresses in the case of insufficient route
liquidity
Loop also allow offers an experimental testnet version of on-chain to off-chain
swaps, called **Loop In**. This allows you to use on-chain funds to increase
the local balance of a channel.
We call our on-chain to off-chain swaps, a **Loop In**. This allows you to use
on-chain funds to increase the local balance of a channel, effectively
"refilling" an existing channel.
Potential uses for Loop In:
Potential uses for **Loop In**:
- Refilling depleted channels with funds from cold-wallets or exchange
withdrawals

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