Update Liquity Whitepaper rev. 0.2.tex

Added footnote re protocol vs. Liquity AG and changed frontend capitalization

papers/whitepaper/Liquity Whitepaper rev. 0.2.tex

@@ -20,7 +20,7 @@
 \begin{document}
 
 \title{\textbf{Liquity: Decentralized Borrowing Protocol}}
-\author{Robert Lauko, Richard Pardoe \\ rev.0.2\footnote{Note that this white paper is released prior to the full implementation and launch of the project. It is therefore subject to correction, completion and amendment without notice}}
+\author{Robert Lauko, Richard Pardoe \\ rev.0.2\footnote{Note that this white paper is released prior to the full implementation and launch of the project. It is therefore subject to correction, completion and amendment without notice}\footnote{Note as well that whenever the term Liquity is used it refers to the protocol, not the company Liquity AG.}}
 \date{December 28, 2020}
 
 \maketitle
@@ -94,12 +94,12 @@ \subsection{Governance-free algorithmic monetary policy}
 \subsection{Censorship resistance}
 Liquity is a protocol rather than a platform. There is no administrator with special privileges that could interfere with, alter, or halt the operation of the protocol in any way.
 
-Front end operation is provided by third parties which make the system decentralized and resistant to censorship, while benefiting from growth incentives. Front ends can either use the web interface provided by Liquity as a launch kit or opt for creating their own custom user interface and integrate it with other services.
+Frontend operation is provided by third parties which make the system decentralized and resistant to censorship, while benefiting from growth incentives. Frontend Operators can either download the web interface provided as a launch kit or opt for creating their own custom user interface and integrate it with other services.
 
 \subsection{Growth and early adopter incentives}
 Users that drive growth and robustness by contributing to system stability get rewarded with LQTY, the system's secondary token. These tokens can be staked in order to earn a proportion of the protocol revenue stemming from issuance and redemption fees. The protocol continuously issues LQTY to front ends and to users who have deposited LQTY to the Stability Pool. LQTY is issued according to a release schedule that halves the number of tokens distributed each year, favoring early adopters.
 
-The allocation of LQTY between front ends and users is based on a kickback rate that can be freely set by the front end operator between 0\% and 100\%. Front ends will thus compete via the kickback rates, making the system attractive to users and early adopters.
+The allocation of LQTY between Frontend Operators and users is based on a kickback rate that can be freely set by the front end operator between 0\% and 100\%. Front ends will thus compete via the kickback rates, making the system attractive to users and early adopters.
 
 \section{System functionality}
 \subsection{Borrower operations }
@@ -294,4 +294,4 @@ \section{Conclusion}
 
 We have thus introduced Liquity, a collateralized debt protocol with novel liquidation and redemption mechanisms that pushes the boundaries of capital efficiency and costs of liquidity. It is the first system of its kind that issues a stablecoin with a hard price floor against the underlying fiat currency. Furthermore, Liquity follows new paths to incentivize decentralization and growth from the start by tokenizing and redistributing a significant part of its protocol revenue to users and front end operators. 
 
-\end{document}
+\end{document}