Thanks for the update and your work. In thinking about the wallet types, it's always good to view it from the point of view of trying to have "our parents" sign up :-) Over on discord as we help sign people up for OL/Bitshares accounts every day and we have to explain the difference over and over. So simple and clear language is best, something easy like:

[ icon ]
Online Wallet
^{Medium Security}
Your account holdings are stored online for easy access from any computer or device.

[ icon ]
Desktop Wallet
^{Highest Security}
Your account holdings are stored as an offline wallet on your local computer or device, but will only be accessible from that one device.

Crypto folks will always understand , and normal people have a clear separation.

Just thinking out loud :-)