diff --git a/contracts/vesting/README.md b/contracts/vesting/README.md
index 0a3b883ade..627dcdca76 100644
--- a/contracts/vesting/README.md
+++ b/contracts/vesting/README.md
@@ -1,4 +1,5 @@
 ## Nym vesting contract
 
 1. Initial vesting tokens are deposited and assigned to existing addresses via `CreatePeriodicVestingAccount`
-2. Address owners can then delegate vested and unvested tokens to mixnodes
+2. Admin account can then delegate vested and unvested tokens to mixnodes on behalf of vesting accounts
+3. Vesting accounts can withdraw vested and undelegated (spendable) coins to their addresses