This vote is on whether to place a cap on the Regular and Venture Capital Auctions, and if so, at what value shall the cap be placed. This vote presents four options:

Option 1 – Cap Auction at 90% of Uniswap Price

In this scenario, a bid that would place the auction at a level higher than 90% of Uniswap price would not be allowed. Upon trying to bid, the bidder would be shown a message informing them that the value they are bidding is too high, and that they should either bid less or proceed to buy on Uniswap (would have a button for buying on Uniswap within our platform).

Option 2 – Cap Auction at 95% of Uniswap Price

In this scenario, a bid that would place the auction at a level higher than 95% of Uniswap price would not be allowed. Upon trying to bid, the bidder would be shown a message informing them that the value they are bidding is too high, and that they should either bid less or proceed to buy on Uniswap (would have a button for buying on Uniswap within our platform).

Option 3 – Cap Auction To Be The Same As Uniswap Price

In this scenario, a bid that would place the auction at a level higher than Uniswap price would not be allowed. Upon trying to bid, the bidder would receive a modal message informing them that the value they are bidding is too high, and that they should either bid less or proceed to buy on Uniswap (would have a button for buying on Uniswap within our platform).

Option 4 – No Cap on Auction

This is currently how the auctions function. A vote in favor of this option would leave auctions as-is.

Note: For all options, in the event that an auction does not sell out, the maximum discount compared to Uniswap price would still be set at 10%.

For a detailed Cost/Benefit analysis, please visit:

https://www.punkynomics.com/blog/axion-dao-vote-capping-the-auctions

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