Ribbon Finance
  • Introduction to Ribbon Finance
  • Aevo
  • FAQ
    • General
    • DOV Deposits
    • DOV Withdrawals
    • DOV Trading and options
    • Ribbonomics
  • Dune dashboards
  • Contribute
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  • Ribbon Theta Vaults
    • Introduction to Theta Vaults
      • Strike Selection and Expiry
      • Options Architecture
      • Options Settlement
      • Auctions
      • Risk profile
      • Fees
    • Theta vaults architecture
    • User guides
      • How to deposit
      • How to withdraw
      • How to pause and resume
      • How to stake, unstake vault shares and claim rewards
      • How to transfer vault positions
      • How to participate in Paradigm Auctions
      • How to redeem oTokens
  • RIBBON EARN
    • Introduction to Ribbon Earn
    • Ribbon Earn USDC
      • Risk-Free Rate
      • Twin win strategy
      • Vault specifications
      • Eligibility
      • Fees
    • Ribbon Earn stETH
      • What is a dolphin strategy?
      • Vault specifications
      • Risk profile
      • Fees
  • RIBBON LEND
    • Introduction to Ribbon Lend
      • Yields from unsecured lending
      • No lockups
        • Pool status
        • Default
      • Off-chain enforcement / credit underwriting
      • Built-in insurance
      • Fees
  • ribbon treasury
    • Introduction to Ribbon Treasury
      • Why Ribbon Treasury?
      • Partners
      • How to get involved
  • Ribbonomics
    • Overview and RBN tokenomics
      • Vote-Escrowed RBN
      • Fee Collection and Distribution
      • Liquidity Gauges and RBN Emissions
      • Gauge Weight Voting
      • Bribes
        • Guide to Boost Bribing
          • For Bribers
          • For veRBN Holders
      • Upgrades
    • How to lock RBN, boost and claim protocol revenues
  • Developers
    • Deployed Contracts
    • Ribbon Subgraph
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  1. Ribbon Theta Vaults
  2. Introduction to Theta Vaults

Auctions

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Last updated 2 years ago

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After an initial period of public auctions on Gnosis, we have partnered with to bring the auctions to their platform and achieve more favorable execution for vault depositors. If you want to participate, take a look at .

Among the main reasons for the change is a structural limitation of Gnosis: it clears at the lowest possible price where demand meets supply. This means that if A is willing to buy half the supply for $10, and B is willing to buy the other half at $9, the entire auction will clear at $9.

Using the Paradigm system, we are able to run , in all-or-nothing format. This helps to create more price competition between bidders and reduce gaming of the on-chain auction system, ultimately leading to better pricing.

For an in-depth analysis of the auctions, you can check this .

As a fee structure, 4bps of the notional volume done by Ribbon go to Paradigm.

Paradigm
this section
blind auctions
Ribbon Research post