How Does It Work?
Raid Guild has developed an on-chain escrow service to facilitate payments from clients. Using the Raid Guild escrow:
- Raid parties can be sure that the client has the money to pay for the raid.
- The client gains protections in case we don't deliver on our promise.
- Automates the process of paying spoils back to the Guild so individual raiders don't have to do it themselves.
The escrow has 4 main functions:
Register
creates a new escrow account (should be done by the raid party).Deposit
deposits funds into that escrow account (should be done by the client).Release
releases (should be done by the client).Lock
triggers a dispute with the arbitration provider, locking the remaining funds in the escrow accounts so they cannot be released (can be done by the client or the raid party).