diff --git a/docs/rest/API_draft.md b/docs/rest/API_draft.md
index 5309b0d0fd..0721c1a99d 100644
--- a/docs/rest/API_draft.md
+++ b/docs/rest/API_draft.md
@@ -1,50 +1,38 @@
 # API
 
-Serve on `http://localhost:2024`
+In order to allow for quick client development, with the security
+of the light-client and ease of use the cli (embedding go-wire and
+go-crypto), we will provide a REST API, which can run on localhost
+as part of `basecli`, securely managing your keys, signing transactions,
+and validating queries.  It will be exposed for a locally deployed
+application to make use of (eg. electron app, web server...)
 
-Don't allow cors
+By default we will serve on `http://localhost:2024`.  CORS will be disabled by default.  Potentially we can add a flag to enable it for one domain.
 
-## Create Tx
+## MVP
 
-`POST /tx`
+The MVP will allow us to move around money.  This involves the
+following functions:
 
-Input: signed tx as json, just like --prepare...
-Goes to the node, and returns result:
+## Construct an unsigned tx
 
-```
-{
-  "check_tx": {
-    "code": 0,
-    "data": "",
-    "log": ""
-  },
-  "deliver_tx": {
-    "code": 0,
-    "data": "",
-    "log": ""
-  },
-  "hash": "4D0EB7853E71AB6E3021990CF733F70F4CC2E001",
-  "height": 1494
-}
-```
-
-`POST /sign`
+`POST /build/send`
 
 Input:
-
+```
 {
-    "name": "matt",
-    "password": "1234567890",
-    "tx": {
-        // just like prepare, tx (with sigs/multi but no sigs)
-    }
+    "to": {"app": "role", "addr": "62616E6B32" },
+    "from": {"app": "sigs", "addr": "BDADF167E6CF2CDF2D621E590FF1FED2787A40E0" },
+    "amount": { "denom": "mycoin", "amount": 900000 },
+    "sequence": 1,
+    "multi": true,
 }
+```
 
-Example tx:
+Output (a json encoding of basecoin.Tx):
 
-wrappers = combine(feeWrap, nonceWrap, chainWrap, sigWrap)
+`basecli tx send --to=role:62616E6B32 --from=sigs:91C959ADE03D8973E8F2FBA9FD2EED327DCE2B0A --amount=900000mycoin  --sequence=1 --multi --prepare=- --no-sign`
 
-UI will have to know about feeWrap to pass info in
 
 ```
 {
@@ -58,7 +46,7 @@ UI will have to know about feeWrap to pass info in
         "tx": {
           "type": "nonce",
           "data": {
-            "sequence": 3,
+            "sequence": 1,
             "signers": [
               {
                 "chain": "",
@@ -105,44 +93,97 @@ UI will have to know about feeWrap to pass info in
         }
       }
     },
-    "signatures": []
+    "signatures": null
   }
 }
 ```
 
-Matt's proposal:
+## Sign a Tx
 
-`POST /build/send`
+Once you construct a proper json-encoded `basecoin.Tx`, you can sign it once, or (if you constructed it with `multi=true`), multiple times.
+
+
+`POST /sign`
 
 Input:
+
 ```
 {
-    "fees": {"denom": "atom", "amount": 23},
-    "to": {"app": "role", "addr": "62616E6B32" },
-    "from": {"app": "sigs", "addr": "BDADF167E6CF2CDF2D621E590FF1FED2787A40E0" },
-    "amount": { "denom": "mycoin", "amount": 900000 },
-    "multi": true,
+    "name": "matt",
+    "password": "1234567890",
+    "tx": {
+        "type": "sigs/multi",
+        "data": {
+            "tx": // see output of /build/send,
+            "signatures": nil,
+        }
+    }
 }
 ```
 
-Output: the input for /sign
+Output:
 
-`POST /build/create-role`
+`basecli tx send --to=role:62616E6B32 --from=sigs:91C959ADE03D8973E8F2FBA9FD2EED327DCE2B0A --amount=900000mycoin  --sequence=1 --multi --no-sign --prepare=unsigned.json`
+
+`echo 1234567890 | basecli tx --in=unsigned.json --prepare=- --name=matt`
 
-Input:
 ```
 {
-    "name": "trduvtqicrtqvrqy",
-    "min_sigs": 2,
-    "members": [
-        {"app": "sigs", "addr": "BDADF167E6CF2CDF2D621E590FF1FED2787A40E0" },
-        {"app": "sigs", "addr": "91C959ADE03D8973E8F2FBA9FD2EED327DCE2B0A" }
-    ]
+    "type": "sigs/multi",
+    "data": {
+        "tx": // see output of /build/send,
+        "signatures": [
+            {
+                "Sig": {
+                    "type": "ed25519",
+                    "data": "436188FAC4668DDF6729022454AFBA5DA0B44E516C4EC7013C6B00BD877F255CDE0355F3FBFE9CCF88C9F519C192D498BF087AFE0D531351813432A100857803"
+                },
+                "Pubkey": {
+                    "type": "ed25519",
+                    "data": "B01508EB073C0823E2CE6ABF4538BA02EAEC39B02113290BBFCEC7E1B07F575A"
+                }
+            }
+        ]
+    }
 }
 ```
 
+## Send Tx to the Blockchain
 
-## Query:
+This will encode the transaction as binary and post it to the tendermint node, waiting until it is committed to the blockchain.
+(TODO: make this async? return when recevied, notify when committed?)
+
+`POST /tx`
+
+Input:
+
+Signed tx as json, directly copy output of `/sign`
+
+Output:
+
+
+`echo 1234567890 | basecli tx send --to=role:62616E6B32 --from=sigs:91C959ADE03D8973E8F2FBA9FD2EED327DCE2B0A --amount=900000mycoin  --sequence=1 --multi --name=matt --prepare=signed.json`
+
+`basecli tx --in=signed.json --no-sign`
+
+```
+{
+  "check_tx": {
+    "code": 0,
+    "data": "",
+    "log": ""
+  },
+  "deliver_tx": {
+    "code": 0,
+    "data": "",
+    "log": ""
+  },
+  "hash": "4D0EB7853E71AB6E3021990CF733F70F4CC2E001",
+  "height": 1494
+}
+```
+
+## Query account balance
 
 `GET /query/account/sigs:BDADF167E6CF2CDF2D621E590FF1FED2787A40E0`
 
@@ -160,14 +201,15 @@ Input:
 }
 ```
 
+## Other stuff for MVP
 
-## Other stuff
+You must run `basecli init` int he cli to set things up.
 
-`init` / `serve` on cli
+When you run `basecli serve`, it will start the local rest api server, with the above endpoints.
 
-keys management under `/keys`:
+Also, support keys endpoints from go-crypto as they currently are and mount them under `/keys`.
 
-List, get, create (delete + update)?
+## Future Stuff
 
 proxy mounted as well under `/tendermint`