Is Joint Protocol non-custodian?
Yes. You will always control your assets in both open and closed markets. No one can prevent you from leaving a market at any time. Your asset leaves your wallet only when you enter a trade, and the smart contract escrow locks your asset until the trade is completed.
Is Joint Protocol Audited?
Joint Protocol will be audited before the mainnet launch.
What happens if a counterparty refuses to release an asset?
You can start a dispute if you have made the payment requested in the swap order. Joint Protocol’s dispute system brings real humans into a dispute to verify why an asset has not been released or a payment has not been made. The dispute system will release the asset to you if the evidence indicates that you made a payment.
What happens if a counterparty does not make a payment?
Suppose a counterparty does not make payment (or mark the swap order as
paid). In that case, Joint Protocol will eventually allow the swap order to be cancelled by you or the counterparty after some time elapses. However, you can start a dispute if the counterparty marks the swap order as
paid, but you did not receive the payment. Joint Protocol’s dispute system brings real humans into the dispute to verify whether the payment was sent and received. The swap order will be cancelled if payment is not made. However, if it was decided that payment was made, the asset is released to the counterparty.
Are users on Joint Protocol verified?
Joint Protocol includes a verification protocol that allows verification service providers to offer Joint Protocol different verification types. Users may use the verification system to get verified for KYC as a token holder, a DAO member, and so on. Market creators and users can filter users based on what verification matters to them. For example, if you wish to swap with KYC-verified users, you can filter markets and liquidity providers by such preference.