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Setup for Development

Pre-Installation

Set required environment variables for offchain library installation:

export NPM_ENV=1
export CARDANO_NETWORK=preprod
export BLOCKFROST_API_KEY=<your key>
export PLUTIP_ENV_HOST_PORT=localhost:8083 
export DEMO_HOST_PORT=localhost:8080

These will often get overwritten. If the install isn't working, make sure these are still set with echo.

Installation

npm install

Configuration

Before you run the server, make sure you set your blockfrost api key in an env file

BLOCKFROST_API_KEY=<your key>

Start server

npm start

About the App

Specifications

Understanding States

Times

  • T0 Auction announcement time

  • T1 Bidding start time

  • T2 Bidding end time

  • T3 Voucher expiry time

  • T4 Cleanup time

auctionState.ts Periods:

P0 = [0,  T0) Pre-auction period - `PRE_AUCTION`

P1 = [T0, T1) Pre-bidding period = `PRE_BIDDING`

P2 = [T1, T2) Bidding period - `BIDDING`

P3 = [T2, T3) Voucher active period - `VOUCHER_ACTIVE`

P4 = [T3, T4) Voucher expired period - `VOUCHER_EXPIRED`

P5 = [T4,  ∞) Cleanup period - `CLEANUP`

Flow

A typical workflow for an auction should look as follows:

  • The delegates ensure that all daemon services are started (Delegate servers, Hydra nodes).
  • Delegates initialize the Hydra Head.
  • The seller announces the auction.
  • (Bidding start time is reached)
  • The seller starts the bidding phase.
  • A delegate moves the standing bid to L2.
    • The delegates open the Hydra Head. Bidders may submit new bids on L2.
  • One of the delegates or bidders closes the Hydra Head on L1. The delegates' Hydra nodes continuously monitor L1 for this closing transaction, ready to submit contesting transactions if necessary.
    • The seller or one of the bidders or delegates fans out the standing bid to L1.
  • (Bidding end time is reached)
  • The winning bidder may buy the auction lot.
  • (Voucher expiry time is reached)
  • If the auction lot has not been bought by the winning bidder, then the seller reclaims the auction lot and may claim the winning bidder’s bidder deposit.
  • One of the delegates distributes the auction fees to the delegates.
  • (Cleanup time is reached)
  • The seller spends the standing bid utxo and burns the voucher token.

UI

AS SELLER:

  • Announce auction page -> route to AuctionDetail[auctionId]

    • AuctionDetail[auctionId]

      • Discover bidders button => "discoverBidders()"
      • Authorize bidders -> "authorizeBidders()" Able to show bidders and approve 1 by 1 or approve all?
      • Start bidding button => "startBidding()"

    • Page should show state of auction - enum for auction state based on Perdiod intervals(Prepare, BiddingStart, etc)

    • When active show current bids and their bidders information

AS BIDDER:

  • EnterAuction - maybe from a Navbar to enter auction based on auctionCs -> "EnterAuctionForm"

  • AuctionList => "queryAuctions()"

    • Click on an auction card -> route to AuctionDetail[auctionId] to view or be able to click "Enter Auction" button to apply for participation immediately

  • EnterAuctionForm should be pre-filled with the avail data from the auction that was clicked on(maybe greyed out or not even displayed)

  • AuctionDetail[auctionId]

    • Enter Auction Button -> allows for bidding on AuctionDetail[auctionId] if approved
    • "discoverSellerSignature()" - to get the signature required to bid - (not sure if this should done automatically or will be a button)
    • Layout similar to AS SELLER AuctionDetail[auctionId] with less actions - just bidding, viewing auction details
    • When state moves to BiddingEnd - button to buy lot => "bidderBuys()" - this state change should be a notification as well in case bidder is not on app