From f7f898e7fe7f43318715a22fc04477f17e90396b Mon Sep 17 00:00:00 2001 From: Pete Date: Wed, 19 Nov 2025 09:48:56 -0600 Subject: [PATCH 1/2] tw571 - Highlighting bid behaviors to the Timeboost intro --- docs/how-arbitrum-works/timeboost/gentle-introduction.mdx | 8 ++++++-- 1 file changed, 6 insertions(+), 2 deletions(-) diff --git a/docs/how-arbitrum-works/timeboost/gentle-introduction.mdx b/docs/how-arbitrum-works/timeboost/gentle-introduction.mdx index 12d89acb81..d5635d4c5b 100644 --- a/docs/how-arbitrum-works/timeboost/gentle-introduction.mdx +++ b/docs/how-arbitrum-works/timeboost/gentle-introduction.mdx @@ -82,6 +82,12 @@ Determining control of the express lane in each round (default: 60 seconds) happ The auction for a round has a closing time that is `auctionClosingSeconds` (default: 15) seconds before the beginning of the round. This closing time means that, in the default parameters, parties have 45 seconds to submit bids before the auction will no longer accept bids. In the 15 seconds between when bidding is over and when the new round begins, the autonomous auctioneer will verify all bids, determine the winner, and make a call to the on-chain auction contract to formally resolve the auction. +:::info Bid behavior + +The autonomous auctioneer will consider only an address’s most recent bid, meaning that if you have placed a bid and wish to change it, you may re-submit a bid to “update it.” To cancel a bid, place a new bid that is significantly lower than your original bid or bid below the minimum reserve price. Remember that there is a maximum of five bids per round per address to mitigate DDoS risks. + +::: + ### Auction contract Before placing a bid in the auction, a party must deposit funds into the `Auction` Contract. At any time, you can make a deposit or add additional funds to an existing deposit. These deposits are fully withdrawable, with a nominal delay (two rounds or two minutes by default), to prevent impacting the outcome of an existing round. There is no minimum deposit amount, but a starting minimum bid of 0.001 `WETH` (the default amount and token) is required, known as the "minimum reserve price". @@ -90,8 +96,6 @@ The chain owner sets the minimum reserve price, which can be updated at any time Once the autonomous auctioneer determines an auction winner, the `Auction` contract will deduct the second-highest bid amount from the account of the highest bidder and transfer those funds to a `beneficiary` account designated by the chain owner by default. The `expressLaneControllerAddress` specified in the highest bid will become the express lane controller for the round. - | - ## FAQs #### Who is Timeboost for, and how do I use it? From 573ed9ba041468c4edb4ff4c74676d63fe7aa60e Mon Sep 17 00:00:00 2001 From: Pete Date: Wed, 19 Nov 2025 13:51:47 -0600 Subject: [PATCH 2/2] Update docs/how-arbitrum-works/timeboost/gentle-introduction.mdx MIME-Version: 1.0 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 8bit Co-authored-by: Gaël Blanchemain --- docs/how-arbitrum-works/timeboost/gentle-introduction.mdx | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/docs/how-arbitrum-works/timeboost/gentle-introduction.mdx b/docs/how-arbitrum-works/timeboost/gentle-introduction.mdx index d5635d4c5b..1d9aa970ae 100644 --- a/docs/how-arbitrum-works/timeboost/gentle-introduction.mdx +++ b/docs/how-arbitrum-works/timeboost/gentle-introduction.mdx @@ -84,7 +84,7 @@ The auction for a round has a closing time that is `auctionClosingSeconds` (defa :::info Bid behavior -The autonomous auctioneer will consider only an address’s most recent bid, meaning that if you have placed a bid and wish to change it, you may re-submit a bid to “update it.” To cancel a bid, place a new bid that is significantly lower than your original bid or bid below the minimum reserve price. Remember that there is a maximum of five bids per round per address to mitigate DDoS risks. +The autonomous auctioneer will consider only an address’s most recent bid, meaning that if you have placed a bid and wish to change it, you may resubmit a bid to “update it.” To cancel a bid, place a new bid that is significantly lower than your original bid or bid below the minimum reserve price. Remember that there is a maximum of five bids per round per address to mitigate DDoS risks. :::