> For the complete documentation index, see [llms.txt](https://docs.urani.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.urani.trade/urani-protocol/technical-considerations/auction-specs.md).

# 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).

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## Continuous time vs. Block time

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TBA.
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## Partial Order Fills

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Support for partial fills will begin to be implemented in 2025.
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