All bids will be encrypted inside Arcium's MXE. Neither you nor anyone else can see bids before settlement.
Why Vickrey?Bidders have no incentive to shade their bids — the optimal strategy is always to bid your true valuation. Combined with Arcium's encrypted computation, this creates a trustless auction where no party can manipulate the outcome.
Creating an auction costs ~0.002 SOL for account rent on Solana devnet