> For the complete documentation index, see [llms.txt](https://docs.mayaprotocol.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mayaprotocol.com/archive/liquidity-auction.md).
# Liquidity Auction
**What is the Maya Liquidity Auction?**
A Liquidity Auction is a fair launch combined with an airdrop. Users may provide external assets and are airdropped $CACAO proportional to their contribution. LP their tokens and get matched amounts with the offered token, in this case, $CACAO. The process will help us bootstrap the initial liquidity that the protocol needs to function and provide a superior user experience to our swappers with less slippage for swaps. Tier 1 participants will also get an allocation of $Maya tokens. [Read more](https://mayaprotocol.gitbook.io/whitepaper/readme/fair-launch) in our Whitepaper.
**Can I buy $CACAO after the Liquidity Auction?**
Remember, there will not be any other $CACAO issuances, so anybody that wants to own the token will have to acquire it from somebody that got it during this mint.
$CACAO’s price will likely be the cheapest ever (in $BTC terms) right after the auction. This makes it more attractive for people to invest heavily during the Liquidity Auction.
**When is the Maya Liquidity Auction?**
Maya Liquidity Auction started on March 16th, 2023 and ended on April 1st.
**What assets were used to provide Liquidity?**
Anybody could contribute supported assets, such as $BTC, $ETH, $USDT, $USDC and $RUNE, to the auction during the timeframe by sending them to a specified address.
**Was there a minimum entry?**
No, anyone could participate with as little as one satoshi! Excluding transaction fees of course.
There was also a $MAYA token airdrop for early liquidity providers and $RUNE holders.
**Could users withdraw during the Liquidity Auction?**
Withdrawals during the Liquidity Auction period (21 days) were only allowed for Tier 2 & Tier 3 LPs without any limits. They can exit at any point if they no longer want to participate in the auction. Tier 1 LPs are our most committed LPS. Therefore withdrawals were not allowed during the Liquidity Auction period.
**Could I withdraw my assets after the Liquidity Auction ends?**
Once the LA ends, participants will receive their $CACAO. Maya designed a Liquidity Auction Withdrawals Tiers model to prevent rapid withdrawals and $CACAO dumping. Each Tier has a different lock-up period and daily withdrawal limit.
**What safety precautions were taken during the auction?**
We’ve undergone thorough audits with [HalbornSecurity](https://halborn.com/) to ensure no vulnerabilities were found. We will also ran bug bounties on.
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