01What
Locks an amount of XRP that can be released to a destination only after a time you choose. Optionally adds a later cancel time, after which the XRP can be returned to you instead.
02Why you'd use it
Use it for anything that should not be spendable yet: vesting for a team member, a scheduled payout, a savings commitment you cannot cheat on, or holding funds during a deal.
03How
- 1Enter the Destination Address that should receive the XRP (it can be your own account for self-vesting).
- 2Enter the Amount in XRP to lock.
- 3Set Release After in seconds from now (3600 = one hour, 2592000 = 30 days).
- 4Optionally set Cancel After — a later time after which the escrow can be cancelled and refunded. It must be later than the release time.
- 5Submit, confirm tesSUCCESS, and write down the transaction's sequence number — finishing or cancelling later requires it.
Watch out
- This platform's escrow tools lock XRP; the destination gets exactly what was locked, no interest.
- The locked XRP is gone from your spendable balance, and the escrow object itself locks an extra 0.2 XRP of owner reserve until it resolves.
- No cancel time means the escrow can NEVER be cancelled — once the release time passes it can only go to the destination. Set one unless permanence is the point.
- The escrow does not deliver itself: after the release time, someone must submit Finish Escrow to actually move the funds.
- Times are rounded to ledger close times, so releases are accurate to within a few seconds, not milliseconds.
For example
A startup grants an advisor 5,000 XRP vesting in one year. They create a time escrow releasing in 365 days with a cancel time 30 days after that. The advisor can see the locked funds all year — and knows nobody can renege.