This project is a collaboration between Input Output Global (IOG) and MLabs to develop a reference implementation of an auction for Cardano that uses the Hydra Head protocol.
The Delegated Voucher Auction is an auction design that allows bidding to place within a Hydra Head. It resolves the zero-sum game deadlock and logistical problems of simpler designs where bidders directly participate in the Hydra Head protocol, without requiring any third-parties to take custody of seller or bidder funds.
We hope that this project will blaze the trail for the Cardano Community to start using the Hydra suite of L2 protocols, gaining the benefits of higher throughput, faster transaction finality, and cheaper transaction fees.
This project's documentation is organized (in the doc folder) as follows:
- domain_logic.md describes the terminology and models for the Hydra Auction.
- on_chain_spec.md describes the on-chain scripts.
You are free to copy, modify, and distribute this software under the terms of the Apache 2.0 license.
See the LICENSE and NOTICE files in this repository for details.