diff --git a/README.md b/README.md
index 1b7fd5a..f2ff372 100644
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+++ b/README.md
@@ -12,7 +12,7 @@
 
 ## What it does
 
-This repository contains contracts which allow Uniswap Governance to enable and manage protocol fees on Uniswap V3. If Uniswap Governance choose to upgrade to these contracts, it will retain the right to set protocol fees on Uniswap v3 Pools, it will not control the fee assets themselves. Instead, the revenue generated by the fees is trustlessly distributed to those UNI holders who choose to delegate and stake their tokens.
+This repository contains contracts which allow Uniswap Governance to enable and manage protocol fees on Uniswap V3. If Uniswap Governance chooses to upgrade to these contracts, it will retain the right to set protocol fees on Uniswap v3 Pools but it will not control the fee assets themselves. Instead, the revenue generated by the fees is trustlessly distributed to those UNI holders who choose to delegate and stake their tokens.
 
 Rewards do no accumulate to stakers in the fee tokens. Rather, rewards accumulate in a token defined during the deployment of the contracts in this repo. The fees accrued by each pool are continually auctioned to any entity who is willing to pay a fixed amount of that token to the staking contract in exchange for the fee tokens accrued by a given pool.
 
@@ -24,7 +24,7 @@ Stakers may designate an address which is the beneficiary of their staking rewar
 
 Each deposit is tracked on a per-position basis. Stakers may add to or withdraw UNI from a given deposit balance, or may alter the governance delegation and reward beneficiary associated with that deposit. A given address can have any number of deposit positions which are each tracked and managed independently.
 
-To take effect, this system must be approved by a Uniswap Governance vote. Once transferred to these contracts, ownership of the Uniswap V3 Factory cannot be revoked. While Governance may continue to adjust fee levels and rewards parameters, it irrevocably relinquishes the ability to claim the fees earned for itself. These would forever be distributed to UNI stakers.
+To take effect, Uniswap Governance must successfully passing a vote to upgrade ownership of the V3 factory to this system. Once transferred to these contracts, that ownership cannot be revoked. While Governance may continue to adjust fee levels and rewards parameters, it irrevocably relinquishes the ability to claim the fees earned for itself. These would forever be distributed to UNI stakers.
 
 The staking system allows for other contracts to be added as revenue sources for staking reward distribution in the future.
 
@@ -36,9 +36,9 @@ The system consists of two core contracts which are designed to be deployed into
 
 The [`V3FactoryOwner`](src/V3FactoryOwner.sol) contract is designed to act as the owner of the Uniswap V3 Factory. Governance can opt to transfer ownership of the factory to an instance of this contract. While the owner of the factory becomes the `V3FactoryOwner`, the admin of the `V3FactoryOwner` will be governance. In this way, governance retains the right to configure pool protocol fees via permissioned pass through methods.
 
-The `V3FactoryOwner` has a public method which enables *anyone* to claim the protocol fees which have accrued for a given pool. In order to claim the fees, the caller must pay a fixed amount of WETH. This sets up a continuous "race" wherein external parties will compete to claim the fees accrued by each pool once it becomes profitable to do so.
+The `V3FactoryOwner` has a public method which enables *anyone* to claim the protocol fees which have accrued for a given pool. In order to claim the fees, the caller must pay a fixed amount of a token defined when the `V3FactoryOwner` is deployed (the `PAYOUT_TOKEN`). This sets up a continuous "race" wherein external parties will compete to claim the fees accrued by each pool once it becomes profitable to do so.
 
-When a third party claims the fees by paying for them in WETH, the WETH is sent to the staking contract for distribution to stakers.
+Concretely, If the `PAYOUT_TOKEN` was WETH, a third party would claim a pool's fees by paying for them in WETH, which would be sent to the staking contract for distribution to stakers.
 
 ### `UniStaker`