An auction is a play-by-play pull request in an open framework where a swap execution* (bid/ask - up to the point where it becomes a frictionless asset [spread = 0]) must take place within the allotted time initiated from some token session [ie. structured randomness].** Expressions of fluctuation and fungibility.

Economically (instances of renormalization), auctions control the stream's tempo via hyperlinking, and determine taxation. (see rotisserie, QQ, spread, UUallet, UUelcome, u-u economics)
/// The swap execution will 'auction' off fibril differentials ("differentials").