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Dutch auction program about sway-applications HOT 4 OPEN

fuellabs avatar fuellabs commented on July 20, 2024
Dutch auction program

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Comments (4)

simonr0204 avatar simonr0204 commented on July 20, 2024

A nice mechanism to integrate into Dutch auctions is to first release the "lot" to the bidder, and hand over execution to a provided call. Then you only ask for payment at the end of the execution. It basically amounts to flashloaning the full amount to the bidder, which means anybody can participate in discovering the fair market price, even if they are capital constrained. c.f. Makerdao Liq 2.0 auctions : https://docs.makerdao.com/smart-contract-modules/dog-and-clipper-detailed-documentation#flash-lending-of-collateral

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SwayStar123 avatar SwayStar123 commented on July 20, 2024

A nice mechanism to integrate into Dutch auctions is to first release the "lot" to the bidder, and hand over execution to a provided call. Then you only ask for payment at the end of the execution. It basically amounts to flashloaning the full amount to the bidder, which means anybody can participate in discovering the fair market price, even if they are capital constrained. c.f. Makerdao Liq 2.0 auctions : https://docs.makerdao.com/smart-contract-modules/dog-and-clipper-detailed-documentation#flash-lending-of-collateral

How would I delay asking for payment? Right now im just using msg_amount() to verify payment

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simonr0204 avatar simonr0204 commented on July 20, 2024

I'm not sure how it would work in Fuel. In ethereum you can just check the contract balance after execution of the external call and check it has been credited with enough to pay, but there's no equivalent for that in Fuel.

Anyway, we can add this feature later if there's a way to do it.

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simonr0204 avatar simonr0204 commented on July 20, 2024

The mechanism described above should be possible soon when arbitrary calls become possible (see #22 )

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