Auction Creation Walkthrough

1. Select a valid ERC-20 contract address for the token you're looking to auction off

2. Input the number of ERC-20 tokens to be auctioned

3. Give those tokens an initial value by collateralizing them and selecting a start weight.

The available collateral assets are WETH, DAI, or USDC. Liquidity will be provided with the resulting balances and weights. The value of the collateral can be potentially amplified by up to 99 times by weighing it as lower proportion within the liquidity pool.

4. Set a duration for the auction

5. Set the end weights towards which the launch and collateral tokens within the deposited LP will change over the length of the auction

Steps 2 - 5
This step, in combination with the start weights and token balances, creates the price decay effect for Token Launch Auctions.

6. Set the project description, add a learn more URL, and configure the auction swap fee

7. Create and schedule the auction by signing all the necessary transactions

8. Enable trading within the auction at exactly the time when the weights are scheduled to start changing (i.e. the start time of the auction)
Last modified 12d ago
Copy link