allow auction Bids to specify "exit on partial satisfaction" #7088
Labels
enhancement
New feature or request
Inter-protocol
Overarching Inter Protocol
vaults_triage
DO NOT USE
Vaults
VaultFactor (née Treasury)
What is the Problem Being Solved?
Individual bids in the Dutch Auction (#7000) should be able to specify that their seat in the auction should be exited after successfully bidding on assets, regardless of whether they were entirely consumed. This provides support for arbitrageurs whose goal in the auction is to immediately sell the proceeds at the current market price in order to take advantage of the discount they got in the purchase.
This is in contrast with bidders whose goal is to accumulate assets at a discount, and who therefore want to let their bid ride and be applied to future rounds. (Those bidders can have an
onDemand
exit condition and pull assets out occasionally.)Description of the Design
This would be another field in offerArgs when exercising the invitation.
Security Considerations
This fits within the Zoe security architecture, and is well within the ability of a contract to carry out.
Scaling Considerations
No impact.
Test Plan
Nothing outlandish.
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