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38 lines
908 B
Markdown
38 lines
908 B
Markdown
<!--
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order: 3
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-->
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# Messages
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## Bidding
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Users can bid on auctions using the `MsgPlaceBid` message type. All auction types can be bid on using the same message type.
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```go
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// MsgPlaceBid is the message type used to place a bid on any type of auction.
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type MsgPlaceBid struct {
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AuctionID uint64
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Bidder sdk.AccAddress
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Bid sdk.Coin
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Lot sdk.Coin
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}
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```
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**State Modifications:**
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* Update bidder if different than previous bidder
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* For Surplus auctions:
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* Update Bid Amount
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* Return bid coins to previous bidder
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* Burn coins equal to the increment in the bid (CurrentBid - PreviousBid)
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* For Debt auctions:
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* Update lot amount
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* Return bid coins to previous bidder
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* For Collateral auctions:
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* Return bid coins to previous bidder
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* If in forward phase:
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* Update bid amount
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* If in reverse phase:
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* Update lot amount
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* Extend auction by `BidDuration`, or `MaxEndTime`
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