diff --git a/README.md b/README.md
index 5651a45..a300f4e 100644
--- a/README.md
+++ b/README.md
@@ -1,5 +1,5 @@
 # deigma 
-A type-safe templating library for python
+Type-safe templating for python
 
 > δεῖγμᾰ • (deîgmă) n (genitive δείγμᾰτος); third declension
 > Pronounciation: IPA(key): /dêːŋ.ma/ (DHEEG-mah, THEEG-mah)
@@ -262,9 +262,128 @@ print(LiteralSQLKeywordListingTemplate(keywords=keywords))
 > If you encounter any issues, please report them.
 
 ### Template lifecycle
-_TODO_
-#### With `SerializationProxy`
+Understanding the template lifecycle helps you reason about performance and when serialization happens.
+
+#### Definition time (when `@template` is applied)
+When you apply the `@template` decorator to a class, several things happen at import time:
+
+1. *Class transformation*: Your class is converted into a pydantic dataclass with validation support
+2. *Template compilation*: The template source is parsed and compiled into a Jinja2 template
+3. *Variable extraction*: Template variables (e.g., `{{ name }}`) are extracted from the source
+4. *Validation*: Template variables are validated against class fields to catch mismatches early
+5. *Schema building*: A `TypeAdapter` is created for the class to enable efficient serialization
+6. *Method injection*: Custom `__init__` and `__str__` methods are injected based on the `use_proxy` setting
+
+This upfront work at definition time means templates are ready to render efficiently at runtime.
+
+#### With `SerializationProxy` (default)
+When `use_proxy=True` (the default), the lifecycle is optimized for performance through aggressive caching:
+
+*Instantiation time* (when calling `HelloTemplate(name="world")`):
+1. The pydantic dataclass `__init__` validates your data
+2. A `SerializationProxy` is built for the entire instance
+3. The proxy serializes the complete object graph using `TypeAdapter.dump_python()`
+4. *All field serializers are applied immediately* and results are cached
+5. The proxy stores this serialized snapshot immutably (using `MappingProxyType`)
+6. A proxy-aware `CoreSchema` is created to handle nested object access
+
+*Rendering time* (when calling `str(instance)`):
+1. For each template variable, the field is accessed via the proxy
+2. The proxy returns the *pre-serialized value* from its cache (dictionary lookup)
+3. For primitive fields (str, int, etc.), the cached value is returned directly
+4. For nested objects (lists, dicts, dataclasses), child proxies are created lazily and cached
+5. The compiled Jinja2 template renders using these values
+6. The `auto_serialize` filter is applied (but often becomes a no-op since values are pre-serialized)
+
+*Key benefits*:
+- *Performance*: Field serializers run once at instantiation, not on every access
+- *Immutability*: The serialized snapshot is immutable, making templates thread-safe
+- *Type preservation*: Nested objects maintain their structure for Jinja2 operations (loops, conditionals)
+
+*Example*:
+```python
+from pydantic import PlainSerializer
+from typing import Annotated
+
+SQLKeywordName = Annotated[str, PlainSerializer(lambda s: s.upper())]
+
+@dataclass
+class SQLKeyword:
+    name: SQLKeywordName  # Serializer will run at instantiation
+    description: str
+
+@template(
+    """
+    {% for keyword in keywords %}
+    - {{ keyword.name }}: {{ keyword.description }}
+    {% endfor %}
+    """
+)
+class SQLKeywordListingTemplate:
+    keywords: list[SQLKeyword]
+
+# When you create the instance, ALL serializers run immediately:
+keywords = [SQLKeyword(name="select", description="Selects rows")]
+t = SQLKeywordListingTemplate(keywords=keywords)  # name="select" -> "SELECT" happens here
+
+# Rendering just does cache lookups:
+str(t)  # Fast: just retrieves cached "SELECT" value
+# - SELECT: Selects rows
+```
+
 #### Without `SerializationProxy`
+When `use_proxy=False`, serialization is deferred until rendering time:
+
+*Instantiation time* (when calling `HelloTemplate(name="world")`):
+- Only the pydantic dataclass `__init__` runs
+- No serialization happens yet
+- The instance just stores the raw field values
+
+*Rendering time* (when calling `str(instance)`):
+1. The entire instance is serialized using `TypeAdapter.dump_python()`
+2. *All field serializers are applied at this point*
+3. For each template variable:
+   - If it's a `Template`, recursively render it by calling `str(field)`
+   - Otherwise, use the serialized value (losing type information)
+4. The compiled Jinja2 template renders using these serialized values
+5. The `auto_serialize` filter is applied to each variable expression
+
+*Trade-offs*:
+- *Simpler*: No proxy overhead or caching complexity
+- *Memory efficient*: No cached snapshot stored on each instance
+- *Type information lost*: Once serialized, nested objects become plain dicts/lists
+- *Repeated serialization*: Field serializers run on every `str()` call if called multiple times
+
+*Example*:
+```python
+@template("{{ user }}", use_proxy=False)
+class UserTemplate:
+    user: User
+
+t = UserTemplate(user=User(first_name="Li", last_name="Si"))
+# At this point, nothing is serialized yet
+
+str(t)  # Serialization happens here
+# If you call str(t) again, serialization runs again
+
+# Note: In templates with loops/conditionals, you lose type info:
+@template(
+    """
+    {% for keyword in keywords %}
+    - {{ keyword.name }}  {# keyword is now a plain dict, not SQLKeyword #}
+    {% endfor %}
+    """,
+    use_proxy=False
+)
+class ListTemplate:
+    keywords: list[SQLKeyword]
+```
+
+*When to use `use_proxy=False`:*
+- You're rendering templates only once and want minimal memory overhead
+- You have very large object graphs and want to avoid caching
+- You don't need field serializers to work in nested contexts
+- You're debugging proxy-related issues
 ### Custom serialization
 By default, template variables are serialized using `str`. You can inject serializers
 into templates in two ways.
diff --git a/pyproject.toml b/pyproject.toml
index bcd718f..ce85dbf 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,7 +1,7 @@
 [project]
 name = "deigma"
 version = "0.1.0"
-description = "Add your description here"
+description = "Type-safe templating library for python"
 readme = "README.md"
 authors = [
     { name = "Sören Nikolaus", email = "soeren@getml.com" }