# 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%.

<figure><img src="/files/Yzfa2Fp0AlLq9cENmpmA" alt=""><figcaption></figcaption></figure>

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.


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