> ## Documentation Index
> Fetch the complete documentation index at: https://docs.extrascoop.app/llms.txt
> Use this file to discover all available pages before exploring further.

# Verro™ Escrow

> The smart-contract-backed financial mechanism securing transactions.

You will understand how funds are secured and released during a licensing transaction.

Verro™ Escrow protects both the eyewitness and the newsroom by ensuring funds are available before a licence is granted, and only releasing those funds once the cryptographic transfer is complete.

## Bidding and Locking Funds

When you place a bid on an asset through the Newsroom Terminal, the funds are immediately locked in escrow. Bids must fall within the platform's strictly enforced bounds of £5.00 to £1,000,000.00.

While the funds are locked, the eyewitness receives a guaranteed offer, but they cannot access the capital, and you cannot access the unwatermarked media.

## Atomic Settlement

The settlement process is atomic. When an eyewitness accepts an offer:

1. The system generates a Digital Deed and anchors it to the blockchain.
2. The Verro™ Escrow automatically releases the locked funds to the eyewitness.
3. The Newsroom Terminal unlocks the high-resolution, broadcast-ready asset for the agency.

If a transaction fails at any point before the deed is anchored, the escrow reverses the lock, returning the capital to the agency.

The **Verro™ Escrow Protocol** guarantees transactional fairness for both parties: newsrooms never pay for fraudulent or unverified footage, and eyewitnesses are guaranteed instant payment upon delivering the authenticated camera master.

```mermaid theme={null}
sequenceDiagram
    autonumber
    actor Newsroom as Newsroom Editor
    participant Terminal as Newsroom Terminal
    participant DB as Supabase / Escrow RPC
    participant App as Eyewitness Mobile App
    actor Creator as Eyewitness Creator

    Newsroom->>Terminal: Place Offer (£500, 3-min Lock)
    Terminal->>DB: Secure Escrow Lock & Lock Funds
    DB->>App: Real-time Push Notification
    Creator->>App: Accept Offer
    App->>DB: Accept Escrow Protocol
    DB->>DB: Verify 4K ProRes SHA-256 Master Hash
    DB->>Creator: Release Funds via Payment Processor
    DB->>Newsroom: Issue Digital Deed & Uncompressed 4K Master
```

## 2. Atomic Settlement Function (Escrow Execution Protocol)

When an offer is accepted by the creator, the PostgreSQL RPC function Escrow Execution Protocol executes an atomic transaction:

1. **State Validation:** Checks that the offer status is `pending` and the time lock has not expired (`now() < expires_at`).
2. **License Grant:** Generates a record in License Registry binding the newsroom identity to commercial broadcast usage.
3. **Deed Minting:** Issues a **Verro™ Digital Deed** containing the SHA-256 master hash and Base L2 ledger reference.
4. **Fund Disbursement:** Transitions creator balance in Settlement Ledger to `available` for immediate Secure Settlement Gateway.