Auction Parameters
auctionStart
the block number when the auction was initiated
bondBlock
the block number when a rebalancer successfully submits a bond
auctionMultiplier
a parameter that sets how high the initial auction price is
auctionDecrement
a parameter that sets how quickly the auction price decays
After a bond has been submitted, the required ibRatio after rebalance (newRatio
) will be:
a = auctionMultiplier * ibRatio
b = (bondBlock - auctionStart) / auctionDecrement
newRatio = a - b
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