Buyer Protection

Winning an auction on Bextree does not mean handing your payment straight to a stranger and hoping for the best. Settlement is built around three pillars — funds escrowed, verification on-chain, and automatic refunds — and this page explains each one in full, including the limits of what "protection" actually means.

Funds escrowed

You lock nothing while bidding — placing a bid never moves or holds any funds. Only after you win does your full USDC payment move into an on-chain escrow program. From that point until settlement conditions are met, your payment sits in escrow, not with the seller and not with Bextree. Bextree itself never custodies your funds outside of that escrow program — it cannot access, redirect, or spend your payment while it's held there.

Verified on-chain

Escrowed funds are only released once settlement is verified against real on-chain state — not a self-reported claim from the seller. For post-custodied assets like Streamflow and Jupiter Lock positions, that means polling the underlying protocol until the contract's recipient actually shows as your wallet before funds move. For pre-custodied LP positions (Orca, Raydium, Meteora DAMM v2 NFT Positions), the asset was already deposited into Bextree's on-chain Asset Vault before the auction went live, and settlement is a single atomic on-chain swap of that already-escrowed asset for your escrowed payment. Either way, the trigger for releasing funds is verifiable chain state, not trust.

Automatic refunds

For post-custodied assets, if the seller does not complete the transfer within the settlement window, you don't need to open a support ticket or wait on manual review. Your escrowed payment is refunded to you in full, automatically, and the seller's settlement bond — 5% of the reserve price, posted before the auction went live — is forfeited.

What this protection does — and doesn't — cover

It's worth being precise here: this protection covers your payment, not your claim to the specific asset you bid on. If a seller fails to deliver a post-custodied asset within the settlement window, you get your money back in full, plus a share of the forfeited bond — you do notget the asset. "Buyer protection" means you cannot lose money to a non-performing seller; it does not mean the platform can force a seller to deliver, or that you're guaranteed to walk away with the position you wanted. If owning that specific asset was the whole point, a failed settlement is still a real loss of opportunity, even though it costs you nothing financially.

For a fuller picture of the risks involved in bidding on Bextree — including market risk, smart contract risk, and third-party protocol risk — see our Risk Disclosure.