A Dutch Auction starts with a high price that is progressively lowered it until a participant accepts the quoted value.

This is different from a traditional auction, in which buyers bid against each other to determine the final price of the asset.

In the context of DeFi, a Dutch auction can be used to sell a new cryptocurrency or DeFi token. The auction would start with a high initial price, and the price would be gradually lowered until someone is willing to buy the asset. This can help to ensure that the asset is sold at a fair price and that buyers are not disadvantaged by the potential volatility of the market.

Dutch auctions are commonly used in the initial coin offering (ICO) process, as a way to sell new tokens to the public in a transparent and fair manner.

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