RESOLVEDVICKREY

DeFi Protocol Governance Seat

Governance seat in a DeFi protocol. Vickrey auction completed — winner paid second-highest bid.

Created by AWxayPyF...iRFc
Min bid
2 SOL
Bids placed
9
Status
Settled
Auction Resolved
Winner
5sbYEDZzg844...zdioE7Ey
Clearing price (2nd highest bid)
3.2 SOL
Why this price? In a Vickrey auction, the winner pays the second-highest bid — not their own. This makes truthful bidding the dominant strategy: you never benefit from shading your bid. The clearing price was computed inside Arcium's MXE with no party able to manipulate it.
What happens inside Arcium
Every bid goes through 4 stages. No raw bid amount is ever exposed on-chain.
Bid encrypted client-side
Your bid amount is encrypted using x25519 before leaving your device
Encrypted bid submitted on-chain
Ciphertext posted to Solana — no one can read the amount
MXE computes winner & clearing price
Arcium nodes run Vickrey comparison over all encrypted bids
Winner & second price revealed
Only the result surfaces on-chain — all other bids stay private
Program
GU3Vwc2tX7EbSgPejkZBC6MwG5ccqSyLQc1pgcYASTcp
Arcium Devnet · Cluster 456