FundLock Contract

FundLock is a smart contract on the Ethereum network that is administered and managed by the Ithaca protocol.

Participants hold cash assets within the Ithaca protocol via the FundLock smart contract and use the cash balance to facilitate their trading activity on the trading platform funding the premium and collateral requirements of their orders.

While clients have general access to their funds at all times, the Ithaca Platform will mark and lock amounts that related to the premium or collateral of open orders.

If and when an order gets executed and settled as a contract position, the premium gets settled to and from the participants FundLock accounts and the Collateral related to the new positions gets taken out of the FundLock account into the Ithaca Collateral pool.

FundLock is a smart contract, has an address and can therefore accept token deposits and withdrawals.

For the FundLock smart contract, there is no private key associated with it.

( Normally a private key is required for the signing process which is required to send transactions, but we have coded the transfer and validation functions directly and no private key is needed to transfer the funds )

Clients may query their FundLock account balances directly on Ethereum.