> For the complete documentation index, see [llms.txt](https://docs.silverswap.io/silverswap/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.silverswap.io/silverswap/tokenomics/auctions.md). # Auctions Auctions allow for users to, in many ways, become SilverSwap themselves. The unique set of features give more power to users than any other DEX by letting Auction participants to choose how SilverSwap fees are utilized in meaningful ways that directly and positively impact the financial experience of the user.\ \ Auctions operate on 12-hour cycles. Users bid their $AG in increments starting at 0.1 $AG and above. To be an Auction participant, users must have any amount of liquidity deployed on SilverSwap. ### Snatch: Snatch allows users to directly earn 42.5% of the DEX fees earned from individual liquidity pools on SilverSwap.\ \ Snatch Example: B*ob bids and wins the Snatch for pool* [*$X*](https://x.com/search?q=%24X\&src=cashtag_click)*/$Y that has earned $12,000 worth of fees in 12 hours - Bob wins this auction and earns 42.5% of those fees, equal to $5,100 paid out in* [*$AG*](https://x.com/search?q=%24AG\&src=cashtag_click)\ \ Auction participants may bid and win on as many Snatch events as they would like in the 12-hour Auction period. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.silverswap.io/silverswap/tokenomics/auctions.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.