diff --git a/README.md b/README.md index 34486d1c..44d10392 100644 --- a/README.md +++ b/README.md @@ -14,11 +14,11 @@ advantage of some of the latest features of a specific token program, this might ## Features -* **Bidirectional Wrapping:** Convert tokens between SPL Token and SPL Token 2022 standards in either direction, - including conversions between different SPL Token 2022 mints. +* **Bidirectional Wrapping:** Convert tokens between SPL Token and SPL Token-2022 standards in either direction, + including conversions between different SPL Token-2022 mints. * **Extensible Mint Creation:** The `CreateMint` instruction is designed to be extensible through the `MintCustomizer` trait. By forking the program and implementing this trait, developers can add custom logic to: - * Include any SPL Token 2022 extensions on the new wrapped mint. + * Include any SPL Token-2022 extensions on the new wrapped mint. * Modify default properties like the `freeze_authority` and `decimals`. * **Confidential Transfers by Default:** All wrapped tokens created under the Token-2022 standard automatically include the `ConfidentialTransferMint` extension, enabling the option for privacy-preserving transactions. This feature is @@ -37,7 +37,7 @@ It supports the following primary operations: the caller must pre-fund this account with lamports. This is to avoid requiring writer+signer privileges on this instruction. - * **Wrapped Mint:** An SPL Token or SPL Token 2022 mint account is created. The address of this mint is a + * **Wrapped Mint:** An SPL Token or SPL Token-2022 mint account is created. The address of this mint is a PDA derived from the *unwrapped* token's mint address and the *wrapped* token program ID. This ensures a unique, deterministic relationship between the wrapped and unwrapped tokens. The wrapped mint's authority is also a PDA, controlled by the Token Wrap program.