Navigate to the "Place your Bid" section on the right.
Enter the amount of tokens you wish to pay under “Spend Amount”.
Enter the maximum amount of quote tokens you are willing to pay per base token in the "Bid Price" section. As an example, if the quote token is USDC and the base token is ABC, then a bid price of 50 means 50 USDC per ABC.
The minimum amount of base tokens you will receive if your bid is successul is shown below the "Bid Price". You will receive more if the auction clears at a lower price.
You should now be able to approve the protocol to spend the configured amount and submit your bid. Note this will require 2 transactions. (Approval and Bidding)
To make an educated bid, participants can calculate the initial fully-diluted-value or market cap by multiplying their rate by auction’s total capacity.
Check for additional auction features like vesting terms or callbacks.
Always check if the auction has a curator.
Make sure your rate next to “Bid Price” is higher than the minimum price. The higher the rate, the more likely your bid will win. However, bid your true price to avoid overpaying.
You can place multiple bids per auction.
Bids are encrypted when submitted to the contract. We also store all of your bid's price locally in your browser storage so you can review them at anytime. Your info will not be seen by other users, nor you will be able to see other users' bid prices.
