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# System prepended metadata

title: Security of DeFX Deals

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# Security of DeFX Deals

The main product of DeFX protocol is trades, that in anonymous and fully decentralised way provide secure trading between total strangers.
DeFX security is standing on three pillars:

## 1. Collateral

Both trading parties need to stake equal amount of Collateral - 15 or more percents of the trading amount, which will be released after deal is successfully finished. Collateral is served as a security that trader can lose during Dispute in case of proven misbehaviour. More collateral - better is security.

## 2. Reputation

DeFX Protocol provides on-chain statistics and reputation. As it's on-chain - it can't be faked and can be easily verified. Users with better reputation have better chances to get a match.

## 3. Disputes

If users disagree to agree on trading results, which happens not often, there is possibility to open a Dispute. After opening a dispute, a random Jurer is selected to judge on the dispute. Trading parties are entitled to provide proofs to Jurer which will take a decision to resolve a deal. Jurers are part of DeFX DAO.




# Disputes

Disputes are designed to desincentivise scammers and provide the last border on the trades security. 
In DeFX protocol Disputes are implemented in a decentralized way.

Dispute can be raised by one of the trading parties after which all funds from the deal are transferred to the Dispute smart contract. Money are paid back in the end of the dispute process.

Random Jurors are selected that will judge on Dispute. A Juror will ask trading parties for providing proofs of payment. Refusal of providing proofs may lead to losing the dispute.

#### What documents you may expect to be asked?
- proofs of payment from your bank
- IDs
- may be required a video call
- Jurors are not required to open their personalities

After a Juror took a decision, Head Juror can review the decision. If decision of Head Juror is different - Juror will be penalised with his stake and not recive payment for judjing. In this way Jurors are incentivised to make the right decision.

### How to become a Juror

To become a Juror you need to stake $DeFX token for worths more than 1000 USDT. Only Jurors with stake of more than 1000 USDT will be randomly selected when dispute is opened.

> Permissionless registration for Jurors will be available soon in DeFX Dapp



