No, but maybe. Cores that are not split up, sold, or pooled into the on-demand (instantaneous) pool, are eligible for renewal without competition. Before the 7-day purchasing period where anyone can buy a core, the owner of a core has a 7-day renewal period that they can use to extend their lease. This renewal is also rent-controlled and is less susceptible to high price fluxuations.
Only if the previous owner of the core has not renewed their core, or has lost renewal rights by splitting, selling, or pooling into the on-demand pool.
There will be multiple cores sold in each sale, but let’s assume the scenario where there is only one core left with multiple buyers.
The “lead-in period” refers to a descending price that occurs throughout the sale. Over the course of 7 days, the price starts high, then lowers linearly over time. So whoever buys first, gets it, but also pays a higher price. This is similar to a “dutch auction.”
Hey thanks for sharing. I’ve a question about parachain slot vs core time. Will parachain slot auction completely retire once coretime is fully released? If so what happens to the slots being leased but not having reached the end yet?