Auction Management
Each vault sells options on behalf of the vault users, and whitelisted auction participants (KYC-ed Market Makers) will make a bid to buy the options.
The auction is held off-chain, and the winner is assigned as the vault designated maker by the manager role of the vault.
Each vault has a designated maker, who when assigned will then send the premium into the vault through a provided Web3 form.
The vault will then on expiry pay out the settlement to the maker.
The manager will then restart the next round of the auction.
Last modified 1yr ago