Revert to Channel Strip Configuration Factory Default
Resets the selected channel strip to factory defaults. Contextual menu item on a channel strip as well as a drop down menu in the Channel Strip Configuration dialog.
Channel strip controls in Logic Pro – Apple Support
Each channel strip has a set of controls (also called components), which varies according to channel strip type. You can adjust the channel strip volume and pan position, mute and solo channel strips, add and adjust effects, and send the output to auxiliary or output channel strips.