Risks and protections
What the contracts protect, what they do not, and the limits that are in place while they are young.
The caps
The contracts limit how much money they will hold: 500 USDC per campaign, and 5,000 USDC across the whole platform. A bid for a run that would total more than 500 USDC is not accepted. The limits are constants in the code. Raising them means deploying new contracts, in public.
No independent security review yet
The contracts are written, tested, deployed and verified, but they have not had an independent security review. That is why the caps exist, and they stay in place until there is one.
Testnet and mainnet
Bidding and campaigns run on Arc testnet today, with test USDC. The escrow is also deployed on Arc mainnet, and nothing is funded there. Every address, with its network, is in the smart contract directory.
| Contract | Arc testnet | Arc mainnet |
|---|---|---|
| Auction (bids and deposits) | Deployed, in use | Not deployed |
| Escrow (campaigns) | Deployed, in use | Deployed, nothing funded |
What the escrow protects
Nobody can spend, redirect or delay money in an escrow: the contract has no function for it. An owner cannot be paid without a proof and a closed dispute window. A brand that does not dispute cannot hold back a payment. Released instalments are final.
peelbid can pause the contracts in an emergency. While they are paused, releases and new activity wait; a pause cannot move money anywhere.
What it cannot protect against
The contract runs on deadlines, and it does not chase anyone.
| If | Then |
|---|---|
| The owner does not decide on a top bid within 7 days | The auction expires; the bidder withdraws the deposit and the owner gets nothing |
| The winning brand does not pay within 48 hours | Its deposit goes to the owner |
| The owner does not send the first proof within 14 days | The brand can take the whole amount back |
| The owner misses a later proof window | The brand can take that instalment back |
| The brand does not dispute within 7 days | The instalment pays, whatever the brand thought of it |
| You lose access to your wallet | Nobody, peelbid included, can move its funds for you |
Blockchain transactions are public, permanent and irreversible. Networks, wallets and stablecoins carry risks outside our control, including outages, defects and changes in the value or availability of USDC.