# Offer Review Process

# How Protectors Review and Accept Offers

Workflow Steps:

1. Offer Review

   • Protector receives notification of a new offer
   • Reviews the item details, requirements, and proposed terms

2. Decision Point

   • Protector can either accept or decline the offer

If Accepted:

• Smart contract is initiated
• Collateral is deducted from protector and locked in the contract
• Funds are transferred to the liquidity pool as insurance
• Owner is notified to send the physical item

Physical Transfer:

• Owner sends the physical item to the protector
• Protector receives the item

Confirmation:

• Protector uploads proof of receipt
• Issues a delivered notice through the platform

If Declined:

• Owner is notified of the decline
• Owner can nominate or offer their item to another protector
• The process restarts with a new protector selection

Collateral Management:

• Collateral amount is typically 100% of the item's value
• Can be adjusted based on owner preferences and relationship with protector
• Locked in smart contract for the duration of the protection period
• Released upon successful redemption or contract completion