Markets
Auctions
Implementation
oxley uses Uniswap CCA v2.1.0 contracts for Auction settlement.
Bidders commit a USDC budget and maximum price. The auction spreads demand across its remaining blocks and determines one clearing price at settlement.
Launch configuration
| Item | Rule |
|---|---|
| Auction inventory | 300,000,000 tokens |
| Curve inventory | 700,000,000 tokens |
| Platform share | 1% of settled proceeds |
| Curve seed | 99% of settled proceeds |
| Success threshold | At least 50,000 USDC of net curve seed |
Settlement
- A successful settlement distributes purchased tokens and burns unsold auction inventory.
- The Reserve Curve opens at or above the clearing price.
- A failed settlement refunds all bidder USDC and returns the complete auction inventory to launch escrow.
- The 30-minute decaying buy fee begins when token trading activates, not when bidding opens.