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Jason Goldberg Ⓜ️ 💜
@betashop.eth
here are several Fan Token auction scenarios as you are planning your bids dyor https://docs.google.com/spreadsheets/d/1T0Dz2_HZaEteBB7ZzrVtpVurvGS-CTY4gtMoXeALi58/edit?gid=0#gid=0 and a guide to how Fan Token auctions work https://build.moxie.xyz/the-moxie-protocol/simple-guide-to-fan-token-auctions
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Penguin
@sleepypenguin.eth
Hi @betashop.eth did scenario 4 changed outcomes? Cause it doesn't make sense now according to how I undestood it should work. :/ I'm trying to update my explanation frame with more examples
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
yes, i had made a mistake before. The auction will also be profit maximizing and the way it is now makes more money for the auction
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Penguin
@sleepypenguin.eth
Hmmm okay. That makes sense but how would you categorize that behavior? Cause usally if the highest bidder can take all of it, he will. But in the new example, he didn't. When will the algo consider the next top bidders to maximize profits? Do we have like a %tolerance for it?
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Jason Goldberg Ⓜ️ 💜
@betashop.eth
What that contract does is: 1. Look if using only the highest bidder's budget would be profit maximizing 2. Compare that to adding in the next lower bidder, then the next, the next, etc for each it's taking the total budget they bid and dividing by the total supply, to get the cost average for filling their orders
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