diff --git a/payjoin-cli/README.md b/payjoin-cli/README.md
index f66a8379..6f88410c 100644
--- a/payjoin-cli/README.md
+++ b/payjoin-cli/README.md
@@ -2,28 +2,73 @@
 
 ## A command-line payjoin client for bitcoind in rust
 
-### Install payjoin-cli
+The `payjoin-cli` client enables sending and receiving of [BIP 78 Payjoin V1](https://github.com/bitcoin/bips/blob/master/bip-0078.mediawiki) and [Draft BIP Payjoin V2](https://github.com/bitcoin/bips/pull/1483) transactions. By default it supports Payjoin V1, and the `v2` feature sends and receives both since the protocol is backwards compatible. The implementation is built on [Payjoin Dev Kit](https://payjoindevkit.org).
+
+While this code and design has had significant testing, it is still alpha-quality experimental software. Use at your own risk.
+Independent audit is welcome.
+
+## Install payjoin-cli
+
+```console
+cargo install payjoin-cli --version 0.0.2-alpha
+```
 
 Get a list of commands and options:
 
 ```console
-RUST_LOG=debug cargo run -- --help
+payjoin-cli --help
 ```
 
- Manually create a `config.toml` file within the payjoin-cli directory
- and configure it like so:
+Either pass config options from cli, or manually edit a `config.toml` file within directory you run payjoin-cli from.
+Configure it like so:
 
 ```toml
- # config.toml
- bitcoind_cookie = "/tmp/regtest1/bitcoind/regtest/.cookie" 
- bitcoind_rpchost = "http://localhost:18443/wallet/boom"
+# config.toml
+bitcoind_cookie = "/tmp/regtest1/bitcoind/regtest/.cookie"
+# specify your wallet via rpchost connection string
+bitcoind_rpchost = "http://localhost:18443/wallet/boom"
  ```
 
 Your configuration details will vary, but you may use this as a template.
 
-### Receive Payjoin
+## Test Payjoin 2
+
+### Install payjoin-cli with the V2 feature
+
+```console
+cargo install payjoin-cli --version 0.0.2-alpha --features v2
+```
+
+### V2 Configuration
+
+In addition to the rpc configuration above, specify relevant ohttp and payjoin directory configuration as follows:
+
+```toml
+# config.toml
+...
+# a production payjoin directory server
+pj_endpoint="https://payjo.in"
+# payjo.in's ohttp_config with which ohttp requests will be encrypted
+ohttp_config="AQAgQB9BwO5taMV6Skp4dl9HpFPw5SNUnnd-imKkUm8P5EIABAABAAM"
+ # an ohttp relay with ingress to payjo.in
+ohttp_proxy="https://ohttp-relay.obscuravpn.io/payjoin"
+```
+
+### Asynchronous Operation
+
+Send and receiver state is saved to json files in the directory from which payjoin-cli is run. Once a send or receive session is started, it may resume using the `--retry` argument if the payjoin has not yet complete.
+
+```console
+payjoin-cli --retry <subcommmand>
+```
+
+`<subcommand>` should be either send or receive followed by the same arguments as the first time it was called.
+
+## Manual End to End Regtest Testing
 
- Set up 2 local regtest wallets and fund them. This example uses "boom" and "ocean"
+### Test Receive
+
+Set up 2 local regtest wallets and fund them. This example uses "boom" and "ocean"
 
 Determine the RPC port specified in your bitcoind's `bitcoin.conf`
 file. 18443 is the default. This can be set like so:
@@ -32,7 +77,7 @@ file. 18443 is the default. This can be set like so:
 rpcport = 18443
 ```
 
-From the `payjoin-cli directory, where "boom" is the receiving wallet, 18443 is the rpc port, and you wish to request 10,000 sats run:
+From the directory you'll run payjoin-cli, assuming "boom" is the name of the receiving wallet, 18443 is the rpc port, and you wish to request 10,000 sats run:
 
 ```console
 RUST_LOG=debug cargo run --features=danger-local-https -- -r "http://localhost:18443/wallet/boom" receive 10000
@@ -47,13 +92,13 @@ This will generate a payjoin capable bip21 URI with which to accept payjoin:
 BITCOIN:BCRT1QCJ4X75DUNY4X5NAWLM3CR8MALM9YAUYWWEWKWL?amount=0.00010&pj=https://localhost:3000
 ```
 
-### Send Payjoin
+### Test Send
 
 Create a "sender" directory within payjoin-cli. Open a new terminal window and navigate to this directory.
-Note: A wallet cannot payjoin with itself, need separate wallets.
-Create another config.toml file in this directory and configure it as you did
-previously, except replace the receiver wallet name with the sender
-wallet name ("ocean" for me).
+
+Note: A wallet cannot payjoin with itself, one needs separate wallets.
+
+Create another `config.toml` file in the directory the sender will run from  and configure it as you did previously, except replace the receiver wallet name with the sender
 
 Using the previously generated bip21 URI, run the following command
 from the sender directory:
@@ -62,8 +107,6 @@ from the sender directory:
  RUST_LOG=debug cargo run -- send <BIP21> --fee-rate <FEE_SAT_PER_VB>
 ```
 
-You should see the payjoin transaction occur and be able to verify the
-Partially Signed Bitcoin Transaction (PSBT), inputs, and Unspent
-Transaction Outputs (UTXOs).
+You should see the payjoin transaction occur and be able to verify the Partially Signed Bitcoin Transaction (PSBT), inputs, and Unspent Transaction Outputs (UTXOs).
 
 Congrats, you've payjoined!