KRYLS Protocol
KRYLS is an automated, non-custodial escrow protocol for digital services on EVM networks. It provides a deterministic, auditable framework for how funds are committed, executed, and released between clients and service providers. All actions are enforced on-chain without discretionary human intervention.
1.Operating Model
KRYLS implements on-chain escrow logic for:
- Funding
- Approvals
- Release conditions
- Dispute handling (based on predefined protocol rules)
- Final distribution
All execution paths are deterministic, transparent, and fully verifiable. KRYLS does not control funds, and no operator or administrator can alter outcomes.
2.Standardized Settlement Paths
KRYLS defines a set of predefined, deterministic settlement paths:
- Mutual Agreement – both parties submit confirmation on-chain.
- Time-Locked Release – funds automatically release when a predefined time condition is met.
- Policy-Defined Dispute Resolution – external input (e.g., oracle or third-party attestation) maps to protocol-constrained outcomes.
All settlement outcomes are limited to predefined paths; KRYLS enforces them automatically.
3.Dispute Governance and External Data Inputs
Disputes follow strict, deterministic flows. External inputs, such as attestations or third-party data, may be submitted to map disputes to outcomes. KRYLS enforces the resulting settlement automatically, without human discretion.
Provider sets for external input are configurable via protocol-defined policies and may change according to deterministic operational criteria.
4.Engagement Modes
KRYLS supports common digital service engagement modes:
- Full – single release against approved completion.
- Milestone – multiple staged releases tied to milestone approvals and optional deadlines.
- Hourly – time-logged work with client approvals and periodic releases.
All releases are executed automatically by the protocol according to predefined rules.
5.Fees and Supported Assets
KRYLS applies a 2% protocol fee. Fees are enforced automatically at settlement via rule-based output distribution.
Supported assets are ERC-20 tokens. No negotiation or manual adjustment of fees is possible.
6.Non-Custodial Control and Auditability
Control is enforced exclusively by protocol rules and cryptographic validation.
Critical transitions, including funding, approvals, releases, dispute initiation, and final distribution, are explicit and inspectable on-chain. No human can override these outcomes.
7.Certification
KRYLS supports optional settlement-linked certification for both parties.
Certificates are issued based solely on finalized settlement outcomes. Certification does not imply quality, endorsement, or trustworthiness beyond the protocol-defined result.
8.Integrity and Abuse Controls
KRYLS reduces misuse risk by enforcing settlement rules on-chain, constraining dispute handling to predefined outcomes, and providing an auditable event trail for monitoring and post-incident review.
9.Swap Module
KRYLS includes an optional Swap component for convenience in token conversion.
Swap operations use external liquidity sources and are fully deterministic. KRYLS does not control pricing, execution, or provide financial guarantees.
10.Intended Users
KRYLS is designed for clients, companies, service providers, and teams worldwide that require standardized settlement and dispute handling for digital service engagements.
For inquiries, contact: support@kryls.com