Bidding on an auction

When a new weighting proposal for a basket passes the timelock, a rebalancing auction is started where anyone can bond a portion of the basket token supply and settle the auction by rebalancing the basket. This is done by calling the bondForRebalance function in the auction contract.

If an auction has not been settled after being bonded within 24 hours, the bond can be burned. This reduces the total supply of basket tokens and increases the value of the remaining basket tokens. The auction will then be eligible to be restarted.

The size of the required bond will initially be set to 0.25% of the basket token supply, and can be changed by Kuiper governance.