Initiating an auction
A rebalancing auction is started when the basket publisher calls the publishNewIndex function on the basket contract.
This function takes the following arguments:
| an array of token addresses |
| an array of weights. The weight is the amount of a given token for each |
| the minimum ibRatio that will be required after a successful rebalance |
The ibRatio (index to basket ratio) is a parameter that tracks the amount of each token in the basket over time.
Number of tokens[i] in 1 basket token = weights[i] * ibRatio
The ibRatio is 1 at basket creation.
The ibRatio will decrease when fees are collected.
The ibRatio can increase if rebalancing auctions are favorable to basket token holders
The first time the publisher calls publishNewIndex , the new index will be queued for a 24 hour timelock. After the required time has elapsed, the publisher will be able to call publishNewIndex again to start the auction.
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