Building P2P payment systems is deceptively complex. While asset transfer is straightforward, settlement enforcement is not. Many platforms solve this problem by holding custody or introducing manual dispute workflows. blip money approaches settlement from an engineering standpoint by enforcing outcomes directly on-chain.
blip money is a Solana-based protocol that coordinates escrow, merchant selection, and settlement verification without centralized control over funds.
Escrow Without Custody
Each transaction begins with an order defining asset type, amount, and execution window. When funds are deposited:
•A unique escrow PDA is generated from the order hash
•The escrow account has no private key
•Only protocol logic can move funds
This ensures that neither party can bypass settlement rules.
Merchant Participation Model
Merchants act as bonded liquidity providers rather than trusted intermediaries:
•A bond must be staked before bidding on orders
•Bond size determines maximum allowable transaction volume
•Failure to settle correctly exposes the bond to slashing
Economic incentives replace trust assumptions.
Reputation as a Protocol Primitive
blip money embeds reputation directly into settlement logic:
•Reputation updates automatically based on outcomes
•Successful transactions improve future competitiveness
•Failed settlements reduce future earning potential
Because reputation affects auction weighting, reliability becomes a measurable economic advantage.
Auction-Based Fee Selection
Fee discovery is handled through a sealed-bid auction:
•Bids are collected off-chain to reduce network load
•The protocol evaluates bids using weighted scoring
•Second-price logic encourages truthful bidding.
Developer-Friendly Infrastructure
blip money separates protocol enforcement from application logic:
•The protocol does not handle compliance or identity
•Frontends manage UX and jurisdictional requirements
•Developers integrate settlement guarantees without rebuilding escrow systems
For builders, blip money offers a reusable settlement layer that replaces trust with cryptographic enforcement.
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