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1 SOLAUCTION

Winner gets 1 SOL

How it works

One SOL.
Everyone pays.

A new auction runs every hour: it opens at :00 and closes at :59:30. That is 24 chances a day to win 1 SOL.

  1. 01

    Place a bid

    Bidding starts at $1 and increases by at least $1. Every bid is fully backed by USDC locked in escrow.

  2. 02

    Finish #1

    Pay your bid and receive 1 SOL.

  3. 03

    Finish anywhere else

    Pay your final bid and receive nothing.

There are no refunds. Every bidder pays their final bid. Only the winner receives anything.

A finished auction

SOL value$180
Example · illustrative numbers

Winner

Alice

Bid $191

Pays
$191
Gets
1 SOL

Runner-up

Bob

Bid $190

Pays
$190
Gets
Nothing

Everyone else

38 other bidders

Final bids from $3 to $172

Pays
$2,146
Gets
Nothing
Program settlement$2,527collected1 SOLdistributed

Why prices pass SOL's value

Once you're outbid, your money is already gone, unless you bid again.

This is an all-pay auction. Every outbid bidder is sitting on a sunk cost, and a small raise flips them from losing everything to winning the prize. Each extra bid feels rational. Bidders reasoning this way can push the price far above what the SOL is worth, while everyone who stops pays in full.

Bob was outbid at $190. SOL is worth $180.

  • Bob stops

    Pays $190, receives nothing

    −$190

  • Bob bids $192

    Pays $192, receives 1 SOL ($180)

    −$12

Two more dollars turn a $190 loss into a $12 loss. Every outbid bidder faces the same choice, every time.

Anti-sniping

A bid in the final 30 seconds resets the clock to 0:30.

Nobody wins by landing a transaction in the last block. The auction only ends after 30 quiet seconds.

Escrow

Every bid is collateralized in USDC.

Your bid amount is locked in the program vault when you bid. Raising your own bid only locks the difference. Escrow is never released: at the end, the winner's bid buys the prize and every other bid is collected.

Fee & burn

A 1% fee is added on top of every bid.

It applies only to the USDC a bid newly locks, and is never refunded. 50% of every fee buys back and burns AUCTION on-chain; the rest funds the protocol.

IF YOU DON'T WIN, YOU LOSE YOUR ENTIRE FINAL BID.

Every bidder pays their final bid. Only #1 receives Solana. There are no refunds. Risk disclosure

Go to the live auction