Sealed Offer Rounds

Coming soon

This is a planned feature. It is not available for trading, deposits or settlement. The workflow below is a design description, not an instruction to send funds. Final configurations and fees will be published before release.

See the animated explanation or check current product status.

Make your offer before the reveal.

Join a timed bidding round without seeing everyone else's bid first.

Who it helps: Sellers collecting competing offers and buyers who prefer sealed terms.

Illustrative example: A seller sets a reserve price and a round deadline. Buyers submit bids under the published rules, then the round reveals results and determines eligible allocations.

The planned steps

The interface will guide you through the terms before any required wallet approval. These steps describe the intended experience; they cannot be completed in the current release.

1. 01Read the reserve, deadlines and winner-selection rules.
2. 02Submit a bid and complete any required reveal step.
3. 03Review the result and claim an allocation or refund, as applicable.

How it is intended to work

The proposed flow separates bidding from revealing or evaluating bids. Before release, each supported round type must specify its commitment method, reveal deadline, price and allocation rule, tie handling, no-reveal handling, funding requirements and refund path. The exact cryptographic design is not deployed or finalized. These materials do not describe a working anonymous auction or a live bid-submission endpoint.

What to review before approving

Check whether bids require a deposit, whether you must return to reveal, how the price and allocations are chosen, and what happens to unfilled bids. Understand what information is hidden, from whom, and until when. Preserve any required recovery information securely.

What this does and does not promise

Sealed bid terms do not automatically hide participants, deposits or on-chain settlement. There is no promise of fully private trading, guaranteed allocation or a particular clearing price.

What you can explore today

Read the user guide for existing market and wallet-held offer workflows, or the API documentation for public wallet-approved listing tools. Those existing workflows are the Solana beta. Solana market creation requires the launch password and wallet approval. For the main network, read the Robinhood Chain guide.

For custody and settlement context, read wallet-held swaps, funded escrow and smart contracts. Those references do not activate the feature described in this chapter.