Expirations - AtomicLoans/atomicloans-rfc GitHub Wiki

Lending / borrowing portion of the protocol expirations are as follows:

• Approve Expiration: 2 hours after Loans.create is called. Amount of time the Bob has to approve the locking of the collateral.

• Loan Expiration: Timestamp which indicates that the loan is finished. The Alice must repay the loan before this time or the loan will be considered defaulted.

• Accept Expiration: 2 days after the loan expiration. Bob or Carol has 2 days to accept the loan repayment, or Alice will be able to call Loans.refund and refund the principal + interest repayment.

• Liquidation Expiration: 7 days after the Loan Expiration. After this, Bob will be able to seize the seizable collateral.

• Seizure Expiration: 2 days after the Liquidation Expiration. After this Alice, can refund the seizable collateral.

Liquidation portion of the protocol expirations are as follows:

• Swap Expiration: 2 hours where Dave can claim the collateral swap before the transaction to move it back to the original collateral script will be broadcast.

• Settlement Expiration: 4 hours where Alice and Bob can Sales.accept the liquidation before Dave will be able to refund it.

• Liquidation Expiration: Same as previous definition (as well as same timestamp)