Gnosis will be funding DAI-ETH auctions on the DutchX before governance is given to the dxDAO

Gnosis will fund 10 DAI-ETH auctions on the DutchX trading protocol to showcase how well the DutchX works for high volume orders.

Each DAI auction will be worth 100,000 USD, so a total of 1,000,000 DAI will be auctioned off over the course of the #DutchXDAI run. ETH will be the token required for bidding.

What’s the opportunity here?

In these upcoming auctions, there will be no buy-back bot on the bidder side.

This means that the auction will keep running until the whole volume is bid upon.

This will enable participants to obtain DAI, possibly at a discount if there are not enough bids that close the auction at or above market price!

Join us for the first auction in a live call with Gnosis CEO Martin Köppelmann on the evening of Tuesday, March 5th, 2019 here: He will walk you through how to participate!

Follow the hashtag #DutchXDAI on Twitter for exact times auctions will run.

To interact with the DutchX:

CLI Documentation

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