What happens after XRP escrow expires?
On the first day of November, when I read news about XRP’s monthly unlock, I look for transaction records first rather than treating the date on the calendar as proof that the funds have arrived.
The official XRPL documentation clearly distinguishes the time condition from the actual delivery: FinishAfter sets the earliest time at which an escrow can be completed. Once that time has passed, a valid EscrowFinish transaction must still be submitted and successfully executed before the escrowed XRP is delivered to the designated recipient account. If the escrow also has a cryptographic condition, matching condition fulfillment data must be provided.
One detail that’s easy to misunderstand: any account can submit an EscrowFinish transaction, but that doesn’t mean the submitter can claim the funds. The destination account is set when the escrow is created; the submitter of the completion transaction cannot change it to their own address on the spot.
So, when checking an unlock report, I look for the corresponding escrow object, the successful completion transaction, and the destination account. After seeing that the assets have been released, I also check for subsequent transfers. A release record alone doesn’t prove that the assets have been sold on the market, much less establish a definite amount of selling pressure.
This explains how the existing protocol works; it is not a rule that just went live today. This post does not tally the total amount actually released this month, so it does not present planned or matured amounts as funds released or sold today.
Official XRPL explanation of the mechanism:
https://xrpl.org/docs/concepts/payment-types/escrow
EscrowFinish transaction rules:
https://xrpl.org/docs/references/protocol/transactions/types/escrowfinish
#热币雷达 #XRP #XRPL
The accompanying image is an original concept illustration of a time lock, not proof of an actual transaction or unlock. Not investment advice.
On the first day of November, when I read news about XRP’s monthly unlock, I look for transaction records first rather than treating the date on the calendar as proof that the funds have arrived.
The official XRPL documentation clearly distinguishes the time condition from the actual delivery: FinishAfter sets the earliest time at which an escrow can be completed. Once that time has passed, a valid EscrowFinish transaction must still be submitted and successfully executed before the escrowed XRP is delivered to the designated recipient account. If the escrow also has a cryptographic condition, matching condition fulfillment data must be provided.
One detail that’s easy to misunderstand: any account can submit an EscrowFinish transaction, but that doesn’t mean the submitter can claim the funds. The destination account is set when the escrow is created; the submitter of the completion transaction cannot change it to their own address on the spot.
So, when checking an unlock report, I look for the corresponding escrow object, the successful completion transaction, and the destination account. After seeing that the assets have been released, I also check for subsequent transfers. A release record alone doesn’t prove that the assets have been sold on the market, much less establish a definite amount of selling pressure.
This explains how the existing protocol works; it is not a rule that just went live today. This post does not tally the total amount actually released this month, so it does not present planned or matured amounts as funds released or sold today.
Official XRPL explanation of the mechanism:
https://xrpl.org/docs/concepts/payment-types/escrow
EscrowFinish transaction rules:
https://xrpl.org/docs/references/protocol/transactions/types/escrowfinish
#热币雷达 #XRP #XRPL
The accompanying image is an original concept illustration of a time lock, not proof of an actual transaction or unlock. Not investment advice.
