Settlement Engine

The Settlement Engine moves balances and settles them, end to end: payouts, transfers between parties, and money scheduled to move at a certain time.

What it is designed to do

• Payouts from the Yield Engine's pool to the people who own shares in it.

• Transfers between parties inside an app, such as from buyers to sellers.

• Scheduled and just-in-time transfers, such as moving only today's spending into a spending balance. See Money that waits in the right place.

• Repayment from payouts, so an advance from the Credit Engine is repaid automatically before the rest of the payout is released.

Safety

Payouts from the pool are batched and need a co-signature from a key held off-server. A compromised server alone cannot release pool funds.

Status

In development. Vault payouts are built and switched off.