[Signal Request] Adjusting ttl(bid-duration) on flap-auctions

Update: the proposed change is included in todays Exec - please help passing it quickly (aka not two weeks).

Update: the exec I mentioned is not containing the complete change for increasing the DC of RWA-002 and has been taken out of the voting portal.

I will update here as soon as the official spell for this change is online.

Thanks everybody

here it is - please help making this pass in less then 2 weeks :wink:

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final update: exec has been scheduled, we will have new flap parameters at 2021-07-25T23:56:00Z.

thanks everybody for participating

Interesting. The low bid issue can be quite prevalent if there’s not enough competition for these auctions. And since there’s no limiter we can see a flood of auctions from liquidations. And there’s less time now for humans to intervene.

We’ll have to see how it works out.

lowering tau would of been another auction so that we have fixed length auctions, that means at some point auction participants will have the chance to make bids with less exposure to price volatility.

We already had auctions with 30 minutes (but with 10k DAI I believe). Worked quite good

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