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Update docs/liquid/liquid-part3.md

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b0xxer 2024-02-03 08:17:20 -06:00
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@ -105,16 +105,18 @@ Now lets review the state our wallets post swap:
## Securities / Transfer Restricted / etc
Liquid supports more advanced features than just Swaps. Here are some of the other features of assets
Liquid supports more advanced features than just Swaps. These features involve the use of AMP (Asset Management Platform). This is an API that allows users to issue and manage digital assets on the Liquid Network.
Here are some of the features AMP enables
|Asset Type | Description |
|-----------|-------------|
|Tracked Asset | Movement of assets are tracked by AMP. Even though the movements of the Asset are secured within Confidential Transactions (and thus private on the chain), the issuer can see. Ownership can be queried via point-in-time. |
|Transfer Restricted Asset | In addition to all the above features, once an asset is issued to a user, they are restricted from transferring it without specific approval from Issuer. Asset transfers are restricted based on user *Categories*. So for example you could create a Category of user named *Stacker News User* and restrict transfer of these assets only among that group |
By using one of the above features, this enables many different use-cases:
By using one of the above concepts, this means AMP can be used in the following use-cases:
* Asset Holder Registry - The AMP is notified of transfers, so it makes it possible for the Issuer to always know "who has what". Thus, although everything is confidential on the public blockchain (and even among the asset holders), the Issuer can still have visibility into this.
* Asset Holder Registry - Since AMP is notified of transfers, so it makes it possible for the Issuer to always know "who has what". Thus, although everything is confidential on the public blockchain (and even among the asset holders), the Issuer can still have visibility into this.
* Share / Ownership Vetting - Because point-in-time moves can be queried, its possible for the Issuer to calculate "how long has User A owned this asset". This enables concepts like "share vetting" (ie. you can only sell your shares after holding for 365 days)
* Paying Dividends - Since you can calculate point-in-time ownership, this makes it possible to use these assets to pay dividends (say for instance your company was to pay .01 BTC in dividends this month, and you calculated that User A held a share for 10 days and User B for 20 days. Thus, you could pay User A .0033 L-BTC and User B .0066 L-BTC)