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Update docs/liquid/liquid-part3.md

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@ -10,7 +10,7 @@ This is a multipart DeepDive that will focus on the Liquid Sidechain. It will be
[In Part II](https://stacker.news/items/407806), we focused on issuing Assets. Now let's look at the ways you can *use* assets.
One of the most basic use cases for a custom issued asset is to exchange it for something else. For purposes of discussion, let's assume that a company - say StackerNews Airline - wants to issue their clients "Air Miles" for each flight they take. The idea is clients will accrue these *points* and then be able to exchange them for either discounts off future flights or direct cash (ie. USD / BTC).
One of the most basic use-cases for a custom issued asset is to exchange it for something else. For purposes of discussion, let's assume that a company - say StackerNews Airline - wants to issue their clients "Air Miles" for each flight they take. The idea is clients will accrue these *points* and then be able to exchange them for either discounts off future flights or direct cash (ie. USD / BTC).
If we start thinking like a developer for second, this implies many things to build:
* An accounting system to manage the points
@ -105,7 +105,18 @@ Now lets review the state our wallets post swap:
## Securities / Transfer Restricted / etc
Liquid supports more advanced features than just Swaps. It also
Liquid supports more advanced features than just Swaps. Here are some of the other features of assets
|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 'who has what'. Ownership can be queried via point-in-time for dividend / reward calculation purposes |
|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. Further, Assets can be restricted based on described 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:
* 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)
## Lightning Integration