Whitepaper
- Download the PDF ↗ — jump.family/assets/docs/Jump_Protocol_Batch_Auction_Whitepaper.pdf
Scope
The note specifies the auction subsystem only — the funding model, the two-regime waterfilling algorithm, the degenerate failure classification, and the Merkle-based settlement and refund path, together with the invariants a conforming implementation must satisfy.
It does not specify the trading phase, the staking accounting, or the fee routing. Those are documented under Protocol.
Section Map
| § | Subject | Docs equivalent |
|---|---|---|
| 2 | Life-cycle placement | Launch Life-Cycle |
| 3 | Funding parameters | Funding Parameters |
| 4 | Sizing and clearing condition | Clearing Condition |
| 5 | Waterfilling and integer settlement | Waterfilling & Rounding |
| 5.3 | Worked example | Worked Examples |
| 6 | Snapshot, Merkle settlement, claim | Settlement & Claims |
| 7 | Invariants and acceptance criteria | Invariants |
Precedence
Where these docs and the whitepaper differ in wording, the whitepaper is the specification of record for the auction subsystem. Current deployed values are always the ones on Parameters & Constants.