Archives/loop
2
0
Fork 0
mirror of https://github.com/lightninglabs/loop synced 2024-11-09 19:10:47 +00:00
Code Issues Releases Wiki Activity

README: update to mention Loop In availability

Browse Source
This commit is contained in:
Olaoluwa Osuntokun 2019-06-26 09:49:27 -07:00
parent a10015fce2
commit 7bcd7f0572
No known key found for this signature in database
GPG Key ID: CE58F7F8E20FD9A2
1 changed files with 10 additions and 8 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

18
README.md
View File

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