> For the complete documentation index, see [llms.txt](https://docs.monroeprotocol.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.monroeprotocol.com/guides/auctions.md).
# Auctions
Part of the yield from the LST collateral goes to the vaults, and a part goes to the RoeUSD savings pool. This yield is deposited in the pool and a dutch auction starts.
The dutch auction bonus goes up 1% every 30 minutes, up to 50%.
In the above example, there is some collateral available for purchase. The discount bonus is now 50%, which means anyone can buy 0.034 STONE for half its oracle price.
The auction starts when yield is perceived. Monroe works with LSTs that receive yield once per day.
---
# 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.monroeprotocol.com/guides/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.