Lessons aftter running an all-pay auction in a Frame

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Lessons aftter running an all-pay auction in a Frame

AI summary of the linked article

This post reports on a Frame-based "DEGEN Auction," a type of all-pay auction, run on /magicframes for a yellow Nounish token, and says the organizers did not break even. The auction, which offered an item worth 0.5 ETH starting at 1 DEGEN, drew 30 players who placed 199 bids over almost 19 hours, while about 400 bids would have been needed to reach the item's market value. The author reports Frame bugs, including wallet-verification issues and a delay in reactions appearing in the Frame Message, and says the rules need clearer explanation. The team says it will focus on player feedback, bug fixes and clearer communication before running more auctions.

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