Complete Auction

The complete auction process is where a clearing rate is determined and the auction is cleared and settled.

The completeAuction function is callable once validly submitted tenders have been revealed. This is a two-step process where the Protocol:

  1. determines a pricing rate to clear the market (the clearing rate);

  2. assigns fills based on the resulting clearing rate; and finally

  3. settles fills and unlocks tenders "left on the table"

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