DUTCH AUCTION
Rebalance by auction
When a row drifts past its band the vault opens a Dutch auction. Pick the row whose side you can serve and bid: you trade with the vault toward its target weights at the oracle price adjusted by the current premium. The input is reduced to what closes the gap.
Open auction
Rebalancing is a Dutch auction. When a row drifts past the opening band, anyone can trade with the vault toward the target weights: the price starts at a discount to the oracle and rises to a small premium over an hour, then holds and starts again. The premium is the whole reward; there is no bounty fund.
Reward
Reward: the premium over the oracle price, up to 0.25%, on what closes the gap
Schedule
No scheduled bot: the auction opens when the drift does
Challenge
Fill the auction while the premium covers your cost
Rebalance History
Loading history...
cbBTC
Waiting for live basket weights...
Actual
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Dynamic
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Base
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Amount to bid
0 WETH
Gap to close
0 WETH
WETH
WETH is the unit the vault pays and receives: it is never the row of a bid.
Actual
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Dynamic
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Base
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Available WETH
0 WETH
Gap to close
0 WETH
USDC
Waiting for live basket weights...
Actual
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Dynamic
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Base
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Amount to bid
0 WETH
Gap to close
0 WETH
Target asset
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Swap direction
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Amount to bid
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Gap to close
0 WETH
Management fee
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The bidder pays gas and trades at the oracle price adjusted by the current premium. Nothing is paid out of the vault.
There is no minimum size: a bid is reduced to what closes the gap, and a bid that would change nothing reverts.
WETH is the unit the vault pays and receives: it is never the row of a bid.