Core Contracts

The `Zeno::getPrice()` uses a gradual Dutch aunctioning system that reduces the price of the asset (zeno asset) been aunctioned with a decrease in time, this means that buyers that buys earlier from that auction spends more to purchase the zeno tokens compared to later buyers. Before a user buys zeno tokens from an auction they can always check the price of the zeno tokens by calling `getPrice()`. the user can then decide to buy from the auction when the price of the token hits the floor price.

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function getPrice() public view returns (uint256) {

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To explain this let us define some certain parameters:

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1. startingPrice: 100 Zeno = 100 Usdc

2. reservePrice: 100 Zeno = 50 Usdc

3. StartTime of the auction = 1700000000

4. endTime of the auction = 1700003600 (auction should last for 1 hour)

5. Alice buys the zeno token at the time the auction started at the price of `100` usdc for 100 zeno tokens.

6. Bob then comes after 30 minutes and buys `100` zeno tokens for 75 usdc

Alice (the early buyer) spends more usdc to purchase the same amount of zeno tokens compared to Bob(the later buyer).

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The impact it has on the protocol is high, because the implementation of the auction in any way does not give any advantage for early buyers to buy the Zeno bond, instead the late buyers will buy at a lower price compared to the price of the early buyers during the auction. In as much as it does not cause direct loss of funds from the protocol, users will rather wait until the end of the auction when they can buy zeno bonds at a cheaper price.