Escrow Lifecycle
The escrow lifecycle is the structured flow of actions and responsibilities that secure a transaction. At Trustless Work, we break this into clear phases, ensuring transparency, adaptability, and cons
The escrow lifecycle is the structured flow of actions and responsibilities that secure a transaction. At Trustless Work, we break this into clear phases, ensuring transparency, adaptability, and cons
The foundation of the escrow:
Roles and responsibilities are defined
Transaction terms (amount, milestones, fees, trustline) are set
The escrow contract is created on-chain
Anyone can deposit funds
Once funded, the escrow is live and ready for milestone tracking
Marked as completed
Optional evidence or proof can be added
Provides visibility for review
Milestones are reviewed by the Approver.
Can approve if conditions are met
Can raise a dispute if unsatisfied
Approval moves the escrow closer to payout.
The Release Signer authorizes payout.
Single-Release → all milestones must be approved before one payout
Multi-Release → funds are released milestone by milestone
Funds are transferred to the Receiver, minus any platform fee.
If any party raises a dispute, the lifecycle takes a detour:
Dispute Resolver steps in to resolve the conflict
Can redirect funds, adjust milestones, or cancel the escrow
Outcomes can be:
Full refund to client
Partial refund
No refund (funds go to provider)