# Batch Auction Specs

Designing an explicit auction poses two primary challenges:

* [x] Avoiding reliance on a trusted auctioneer and achieving both low-latency guarantees, and
* [x] Maximizing value capture (meaning, the less time a market maker is exposed to an asset's price, the better).

***

## Continuous time vs. Block time

{% hint style="info" %}
TBA.
{% endhint %}

***

## Partial Order Fills

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Support for partial fills will begin to be implemented in 2025.
{% endhint %}


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