Blocks for System Auction Settlement

Overview

This indicator tracks how long it takes for the auctions that rebalance the collateral distribution to settle. When the Reserve protocol needs to trade one asset for another to rebalance the RToken’s collateral, it performs an auction to make this happen.

How can I use it?

Given the design of Reserve’s auctions, auctions will often not settle in the first several blocks after the auction starts. Therefore, auctions that take many blocks to settle are to be expected. However, if auctions take an irregular amount of time to settle compared to previous auctions, this can signal that users believe the assets being auctioned are overvalued.