Tenders Create How it works

Preprod testnet

Create

Create a sealed-bid tender

Everything you enter here is public. Bidders see the rules before they commit, and the contract enforces them in every proof.

Title

DescriptionKept in Waxseal’s metadata service. Attached documents are stored by hash.

ModeClock mode — nobody sees bids; a price clock finds the winner.Committee mode — a committee decrypts bids and proves the winner. Phase 3

WinnerLowest bid wins (procurement)Highest bid wins (auction)

Minimum valid bid

Maximum valid bid

Required depositLocked as a shielded deposit with each bid.

Bidding closesConverted to a close block on chain.

Clock price step

Round length (minutes)

Restrict to eligible bidders. You publish a Merkle root, and bidders prove membership without revealing who they are.

Waxseal — sealed-bid tenders and auctions on Midnight. Testnet only. Not audited.

Tenders Security model Status