From 4fb856afff5df52698cc28a33637821b30fab6ea Mon Sep 17 00:00:00 2001 From: carla Date: Mon, 23 Nov 2020 15:52:10 +0200 Subject: [PATCH] docs: update autoloop fees to explain fee percentages properly --- docs/autoloop.md | 24 ++++++++++++++++-------- 1 file changed, 16 insertions(+), 8 deletions(-) diff --git a/docs/autoloop.md b/docs/autoloop.md index 3385ae9..afdd890 100644 --- a/docs/autoloop.md +++ b/docs/autoloop.md @@ -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