> For the complete documentation index, see [llms.txt](https://kuiper.gitbook.io/kuiper-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://kuiper.gitbook.io/kuiper-docs/protocol/rebalancing-auctions/auction-parameters.md).

# 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
```

####