Batch Auction Specs

Designing an explicit auction poses two primary challenges:

• Avoiding reliance on a trusted auctioneer and achieving both low-latency guarantees, and

• 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

TBA.

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Partial Order Fills

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