Trustless Work
  • Welcome
    • Why Escrows Matter
    • 🛤️Our Journey so Far
      • 🤔The Problem: Origins of Trustless Work
      • 👾The team comes together
      • 💡The Solution: Escrows
      • 🏆Key Milestones
        • 🌠DraperU Stellar Astro Hacker House: A Pivotal Moment
        • Launching the API V1 at ETH Pura Vida Hackathon
      • 🚀Current Programs
        • 🌟DraperU Embark Program
        • 💻OD Hack Campaigns
      • 🛠️Vertical Development
      • 🔮Future Vision
  • 📌Start Here
    • ☀️About Trustless Work
      • Vision and Mission
      • Team
  • ⚒️Understanding Smart Escrows
    • 🥸Smart Escrow Design
      • What does a Smart Escrow "look like"?
      • Roles in Trustless Work
      • Escrow Lifecycle
        • Initiation Phase
        • Funding Phase
        • Complete phase
        • Approval phase
        • Release phase
        • Dispute Resolution
    • 💵USDC: The Stablecoin Powering Trustless Work
    • 🌟Stellar & Soroban: The Backbone of Trustless Work
  • 💻Developer Resources
    • Introduction
    • Schema
    • Types
      • Basic
      • Entities
      • Payloads
      • Responses
      • Errors
    • Quickstart
      • Integration Demo Project
        • Getting Started
        • Configuration
        • Context API
        • Wallet Setup
        • Trustlines
        • Services
        • Helpers
        • Error Handling
        • Forms
          • Initialize Escrow
          • Fund Escrow
          • Get Escrow
          • Get Multiple Escrow Balances
          • Resolve Dispute
          • Change Milestone Status
          • Change Milestone Flag
          • Change Dispute Flag
          • Release Funds
          • Update Escrow
        • UI Components
          • Pages
          • Cards
          • Tabs
          • Utils
    • Authentication
      • Request Api Key
    • API Reference
      • Deploy
        • Initialize Escrow
      • Escrows
        • Fund Escrow
        • Get Escrow
        • Resolve Dispute
        • Change Milestone Status
        • Change Milestone Flag
        • Start Dispute
        • Release Funds
        • Update Escorw
      • Helpers
        • Set Trustline
        • Send Transaction
        • Get Multiple Escrow Balance
    • React Library
      • Getting Started
      • useSendTransaction
      • useGetEscrow
      • useGetMultipleEscrowBalances
      • useInitializeEscrow
      • useUpdateEscrow
      • useFundEscrow
      • useChangeMilestoneApprovedFlag
      • useChangeMilestoneStatus
      • useReleaseFunds
      • useStartDispute
      • useResolveDispute
    • 🚀Smart Escrow API
    • 🧰Essential Tools for Developers
      • Stellar Wallets
        • Freighter Wallet
        • Albedo Wallet
        • xBull Wallet
        • Rabet Wallet
        • Lobstr Wallet
        • Hana Wallet
        • Additional Resources
        • Troubleshooting & FAQs
      • How to Get Testnet Tokens
  • 🌍Use Cases by Industry
    • Marketplaces & E-commerce
    • Grants, Bounties, and Hackathons
    • P2P Exchanges and OTC Desks
    • Security Deposits
    • Milestone-based Freelance & Contract Work
    • Crowdfunding & Pre-orders
    • DAO Treasury & Working Group Budgets
    • Education & Online Courses
    • Subscription + Performance-based Retainers
  • 🤖Using the dApp
    • Step 1: Accessing the Trustless Work Dapp and Logging In
    • Step 2: Creating a Profile and Requesting an API Key
    • Step 3: Creating an Escrow
    • Step 4: Funding an Escrow
    • Step 5: Marking a Milestone as Done ✅
    • Step 6: Approving the Milestone
    • Step 7: Releasing the Payment
    • Resolving Disputes
  • 🏴‍☠️Community
    • 🌎Spotlight: Kindfi
    • 🛣️Roadmap: The Journey Ahead
    • Contributor's Guide
    • 📂Open-Source Templates & Developer Tools
  • ✒️Background & Theory
    • 📘Core Concepts & Escrow Glossary
    • 🎒Historical Context
      • 📜Escrow History:
        • 🗿Ancient to Colonial Era
        • 🏦Banking Era (19th - 20th Century)
        • 💻The Digital Era and Online Escrow
      • ⛓️Blockchain Era: Smart Escrows
  • Links
    • ⚒️Trustless Work dApp
    • 🌐Trustless Work Website
    • 📣Telegram Chat
    • 💎Only Dust Profile
    • 👩‍💻Swagger for API
    • 📜Github
  • 📢Appendices
    • Contact and Support
    • Notion for Startups
    • Meru
Powered by GitBook
LogoLogo

Links

  • Website
On this page

Was this helpful?

Export as PDF
  1. Understanding Smart Escrows
  2. Smart Escrow Design

What does a Smart Escrow "look like"?

PreviousSmart Escrow DesignNextRoles in Trustless Work

Last updated 1 month ago

Was this helpful?

Escrow ID: This is the same as the contract address, users will send funds to this Address. (Trustline should be set).

Balance: The amount of funds currently in the escrow (deposited to escrow id).

Escrow properties:

  • Trustline: Trustline of the token to be deposited

  • Amount: The expected amount expected to be held in escrow (this is a numerical value configured on deployment, not the current balance on escrow).

  • Platform Fee: Extra fee that is sent to platform Address.

  • Engagement ID: Used to assign an extra identifier to escrows (invoice, project ID, order id, etc).

Flags:

  • Disputed: Set to true when a party raises a dispute

  • Released: Set to true when the release transaction has been signed and funds have been released.

  • Resolved: Set to true when the dispute resovler has had to interfere.

Milestones:

  • Title: Name of the milestone. Ex: Delivery of code

  • Description: A description of the milestone, can also include acceptance criteria.

  • Status: Pending (default) - Completed (when marked as complete)


We are also working on this type of escrow contract: multi-release

Main difference being that the amount and flags are moved to the milestone, therefore you can have independent fund releases per milestone. I will reference this type of contract in our docs too as it is currently being built.

Roles: roles are assigned to parties, represented by Stellar public addresses. Depending on each party's role, they will be allowed to sign and update the escrow status and flags. Learn more about roles

⚒️
🥸
here