What is the Escrow Life Cycle?

[apopiak]

In order to manage the chain storage correctly (and avoid state bloat) we need to determine when escrows will be removed.

Default Approach

The standard approach for this would be to require a deposit for creating a new escrow that is refunded once the storage is cleaned up.

[apopiak]

The default approach of requiring deposits is decent and will stay our default. We will come back to this issue in later sprints and decide and implement then.