Teac GigaStudio 3 - Manual (Page 243)

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You can mute the individual Left-Right input level by clicking on the
[L] or [R] buttons. They will turn dark green to indicate that they are
turned off.
If you set the input level too high, the [Clip] light will light up. If that
happens, try a lower input setting.
Effect & Dry Levels:
You can adjust the individual levels of the Effected and the Dry signal or mute them
here.
Here the levels are un-muted. Use the faders to adjust the
individual levels.
Here the levels are muted by clicking on the [L] & [R] buttons.
No signal will be audible. You can also mute either level by
itself or even the individual left or right channels. This is
handy for daisy chaining two instances of a plug-in together
in various combinations.