Requirements for winning the Polkadot Parachain auction

The first round of the Parachain position auction of Polkadot has ended, other projects are preparing for the second round of auction. However, some investors had some questions about the first round results.

To illustrate this, the researcher Jonas Gehrlein from the Web3 Foundation analysis Detailed auctions to find out exactly what helped the project win over the rest of the competition.

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As we all know, the winning projects of the first Parachain position auction are Acala, Moonbeam, Astar, Parallel Finance and Clover.

During the first auction, many spectators followed the sprint race between Moonbeam and Acala with excitement. While Moonbeam was on the verge of victory thanks to pre-auction activity, Acala surprised us at the last minute and won.

“… it can be clearly seen that the bid was held by Acala in the retrospective final block. If about 2,000 blocks (or ~ 3.5 hours) are picked later, Moonbeam will be the lucky winner: It’s a working candle mechanism. ”

If you remember how the candle auction mechanism works, the probability of winning a project is proportional to the percentage of blocks won in the closing stages. In this case, Acala holds 61.29% of the blocks.

In essence, it’s more than just staking out DOT. Timing is also important as block dominance needs to be determined – a crucial factor in winning.

While researching the latest auction, members of the Polkadot community cheered on both Clover and Efinity as the two are equals. Gehrlein states again:

“Despite a long period of time, both projects were very close, about 2/3 the time Clover secured a large amount of donations that helped him stay ahead through the end of the fifth auction, which was 79.55% of all blocks in the The final phase. . ”

Source: Polkadot.network

Since contributors are using their DOT on upcoming auctions, these are definitely important points to keep in mind.

Source: Polkadot.js.org

At the time of going to press, Efinity leads the way, closely followed by Composable Finance. The question is: will there be a similar race again?

Polkadot inflow and outflow

The weekly CoinShares report for the week ending December 17 shows polkadot inflows of $ 2.5 million, while Bitcoin outflows are $ 89 million and Ethereum is $ 64 million in the same week.

However, a previous CoinShares report showed that Polkadot had an outflow of about $ 3 million. This could be related to the following ongoing parachain position auctions.

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