First Uniswap CCA auction is done, and it was beautiful $59m in bids. No sniping, bundling, timing games Just slow, fair price discovery ending at 59% above the floor — with literally days to bid earlier and get a better average price Even if you bid $10b fdv on the first day, you would not have overpaid, and instead executed at a dca price between floor and clearing And now, a large portion of the auction proceeds and reserve of tokens will be used to seed a Uniswap v4 pool that will be the largest secondary market liquidity source New meta unlocked

Oh and of course huge shoutout to the team at @aztecnetwork for being a first mover on using this mechanism