How does offer creation impact fund requirement of an account?

0

How much does each offer created increase the XRP requirement on that account?

Does it relate to PayerGets?

Is it cleared once I cancel the offer?

abrkn

Posted 2013-03-04T05:56:28.110

Reputation: 240

2Abrkn, what is PayerGets? – Nick ODell – 2013-03-04T06:02:47.207

see https://ripple.com/wiki/Transaction_Format under OfferCreate

– abrkn – 2013-03-04T12:43:34.847

1So you mean TakerGets? – o0'. – 2013-03-04T13:22:32.483

Answers

1

Every entry in the state tree of the ledger requires 12.5 XRP reserve, it doesn't matter if it's a trade offer or a trust-line. When the entry disappears from the ledger (by getting filled or being canceled), the reserves can be moved again.

The only exception is the account entry, which requires 50 XRP instead of 12.5 XRP and is perpetual (because accounts cannot be deleted).

See https://ripple.com/wiki/Reserves for details and the current reserve requirements (they can and have changed).

It is not related with the field TakerGets of the message OfferCreate.

jtimon

Posted 2013-03-04T05:56:28.110

Reputation: 568

0

(jed2 on irc) abrkn: 50 xrp. Doesn't matter what the offer is for. It is cleared when the offer is canceled (or fulfilled).

abrkn

Posted 2013-03-04T05:56:28.110

Reputation: 240

"When the offer is"... what? I guess he meant "either fulfilled or canceled"? – o0'. – 2013-03-04T13:27:50.823

1Yes, I believe that was a bad paste. It is cleared when cancelled. – abrkn – 2013-03-04T14:25:24.797

Asked: 2013-03-04T05:56:28.110

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Active: 2013-05-12T00:10:12.753