Parachain slot auctions determine which projects gain access to shared security for a fixed lease period. Bids accumulate until a randomized ending block is selected, encouraging honest bidding and staking participation through crowdloans.
Parachain Auctions
GovernanceCandle-style events where Polkadot and Kusama projects bond DOT or KSM to lease parachain slots.
Sections
Definition
Parachain slot auctions determine which projects gain access to shared security for a fixed lease period. Bids accumulate until a randomized ending block is selected, encouraging honest bidding and staking participation through crowdloans.