Adds details of Funds Locking and Unlocking #20
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Contributor
ckartik
commented
Mar 13, 2024
ckartik
commented
- WIP
chrmatt
reviewed
Apr 4, 2024
| 4. The Oracle Contract, upon receiving this information, initiates the slashing procedure. This involves penalizing the provider by triggering a slash event, which results in the forfeiture of the stake held by the provider contract as a guarantee of honest behavior. | ||
| 5. The confiscated stake is subsequently allocated to the bidder as compensation for the provider's failure to include the committed transaction, thereby ensuring that the bidder is recompensed for the provider's breach of trust. | ||
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| ## Funds Locking |
Contributor
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Why is this part of the oracle description?
chrmatt
reviewed
Apr 4, 2024
| ## Funds Locking | ||
| We offer a mechanism for locking and unlocking funds associated with a pre-confirmed bid. | ||
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| Funds movement involves locking the bid amount in escrow when a commitment is processed. This occurs only once per bid, meaning if there are multiple commitments for the same bid, the funds will be locked only once. |
Contributor
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Is this how it is implemented? The solution we had discussed locks the deposited amount until the oracle settles and not when commitments are processed.
Collaborator
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@ckartik is this still WIP? If not lets close it |
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