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Merge pull request #320 from carlaKC/docs-autoloopfixups

docs: update autoloop fees to explain fee percentages properly
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Carla Kirk-Cohen 2 months ago
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1 changed files with 16 additions and 8 deletions
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      docs/autoloop.md

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@ -95,9 +95,10 @@ loop setparams --maxminer={limit in satoshis}
### Server Fees
#### Swap Fee
The server charges a fee for facilitating swaps. The autolooper can be limited
to a set swap fee using the following command:
to a set swap fee, expressed as a percentage of the total swap amount, using
the following command:
```
loop setparams --maxswapfee={limit in satoshis}
loop setparams --maxswapfee={percentage of swap volume}
```
#### No-Show Fee
@ -113,12 +114,19 @@ loop setparams --maxprepay={limit in satoshis}
### Off-Chain Fees
The loop client dispatches two off-chain payments to the loop server - one for
the swap prepayment, and one for the swap itself. The total amount that the
client will pay in off-chain routing fees can be limited using the following
command:
```
loop setparams --maxprepayfee={limit for swap in satoshis} --maxroutingfee={limit for prepay in satoshis}
```
the swap prepayment, and one for the swap itself. The amount that the client
will pay in off-chain fees for each of these payments can be limited to a
percentage of the payment amount using the following commands:
Prepayment routing fees:
```
loop setparams --maxprepayfee={percentage of prepay amount}
```
Swap routing fees:
```
loop setparams --maxroutingfee={percentage of swap amount}
```
## Budget
The autolooper operates within a set budget, and will stop executing swaps when

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