LADE

Commit-reveal baskets. Dutch auction, pro-rata clearing. Soon on Robinhood Chain.

[LADE @ladebay_]

$LADE is coming today. First sealed-lot auction on Robinhood Chain.

Be ready.

https://t.co/WRXcTp4t1q

[LADE @ladebay_]

MANIFEST
BAY ............ 0417
CONTENTS ....... —
CYCLE .......... DOCUMENTED
READ AT ........ https://t.co/WRXcTp4t1q

Everything except the one line that matters.

[LADE @ladebay_]

CYCLE
SEAL ........... COMMIT THE HASH
AUCTION ........ PRICE FALLS
CLEAR .......... FIRST TAKER, ALL PRO-RATA
REVEAL ......... CONTENTS MUST MATCH

Then the bay empties and the next one seals.

[LADE @ladebay_]

BAY 0417
CONTENTS ....... TOKENIZED EQUITIES
HOW MANY ....... KNOWN
WHICH ONES ..... SEALED
PRICE .......... STARTS HIGH, FALLS

You know the size of the basket. You bid on the size, not the contents.

[LADE @ladebay_]

BAY 0417
STATUS ......... SEALED
CONTENTS ....... —
OPENS .......... T-24H

Bidding starts before that last line fills in.

Built on @RobinhoodApp