feat(auction): add Dutch auction mechanism for fractional share sales#536
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Summary
Introduced a Dutch auction system for fractional share sales, enabling time-based price discovery where asset prices decrease linearly until a buyer accepts the current price.
Changes Made
Added
DutchAuctionstruct containing:token_idsharesstart_priceend_pricestart_timedurationImplemented
create_dutch_auction(token_id, shares, start_price, end_price, duration)messageImplemented
bid_dutch_auction(auction_id)message allowing buyers to purchase at the current descending priceImplemented
cancel_dutch_auction(auction_id)message (restricted to seller before first bid)Added linear price decay formula:
current_price = start_price - (elapsed / duration) * (start_price - end_price)Auction lifecycle management:
Added event emissions:
DutchAuctionCreatedDutchAuctionBidDutchAuctionCancelledAdded full unit test coverage for:
Auction Behavior
start_pricetoend_priceover the auction durationAcceptance Criteria
DutchAuctionstructcreate_dutch_auction(...)messagebid_dutch_auction(...)messagecancel_dutch_auction(...)message (seller only, pre-bid)closes #498