Notes
Notes from building Straid
Working notes about the parts of the XRP Ledger we lend on top of. Written while building, so they describe what the code does today rather than what we hope it will do.
What the ledger does not check
An XRPL escrow with a condition looks like a guarantee. It is a guarantee of something narrower than most people assume, and the gap is where a lender loses money.
A repayment is a payment and a number
Why every Straid repayment carries a destination tag, what happens to the ones that do not, and the morning we refunded our own money on Testnet.