Protocol

Auction Module

The Auction Module is a feature of Index Protocol which allows managers to execute rebalances of a Set Token via single ERC-20 auctions quoted in wETH. Auctions are priced using customizable adapters that can implement arbitrary functions of time and quantity. Currently, the auction module can facilitate limit orders, stepwise linear decreasing auctions, and stepwise logartihmic decreasing auctions. Additionally, managers have the ability to enforce a whitelist on auction bidders.