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Merge pull request #2562 from zgrguric/patch-6

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AMMBid explain non-trading fee case
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Rome Reginelli
2024-06-05 10:55:41 -07:00
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parent 7dfbeb7417 4f1850b02a
commit 5b8e14fd7c
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docs/references/protocol/transactions/types/ammbid.md
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@@ -11,7 +11,7 @@ labels:
_(Added by the [AMM amendment][])_
Bid on an [Automated Market Maker](../../../../concepts/tokens/decentralized-exchange/automated-market-makers.md)'s (AMM's) auction slot. If you win, you can trade against the AMM at a discounted fee until you are outbid or 24 hours have passed. If you are outbid before 24 hours have passed, you are refunded part of the cost of your bid based on how much time remains.
Bid on an [Automated Market Maker](../../../../concepts/tokens/decentralized-exchange/automated-market-makers.md)'s (AMM's) auction slot. If you win, you can trade against the AMM at a discounted fee until you are outbid or 24 hours have passed. If you are outbid before 24 hours have passed, you are refunded part of the cost of your bid based on how much time remains. If the AMM's trading fee is zero, you can still bid, but the auction slot provides no benefit unless the trading fee changes.
You bid using the AMM's LP Tokens; the amount of a winning bid is returned to the AMM, decreasing the outstanding balance of LP Tokens.