Architecture
Last updated
Last updated
Seller Side
Sellers list their claims at a set price (representing the discount on their claim for a given period).
They must lock collateral equal to the total claim value.
They will get it back regardless of the claim's outcome.
Upon sale, collateral is locked, and sellers receive upfront payment.
If funds are recovered, the collateral is transferred to the buyer. However, the seller can retrieve it on-chain from the platform where the loss occurred.
If no recovery occurs, collateral is unlocked to the seller after the Claim Transfer Period.
Buyers acquire stolen fund claims for a specific duration.
They pay a percentage of the seller’s collateral.
If funds are recovered, they receive the collateral.
If no recovery occurs, they receive nothing.
Traders specify claim durations (e.g., 3 or 6 months).
Buyers assume claim rights for the full duration.
A 2-day reserve period protects buyers and sellers from erroneous unlocks.
Fund recovery before the claim end date results in collateral transfer to the buyer.
If no funds are recovered, collateral is returned to the seller.
