Auctions
Buy liquidated collateral at a discount
How Dutch Auctions Work
- Price decreases over time: Auctions start at a premium and decrease linearly to a floor price.
- First come, first served: Anyone can buy collateral at the current price by burning brUSD.
- Partial fills allowed: You can buy any amount up to the remaining debt/collateral.
- Fair pricing: The market determines the final price through competition.