---
title: Auction Delivery
slug: auction-delivery
icon: 📦
docTags: 
createdAt: 2023-03-28T17:12:19.000Z
---

When an auction ends, [Option Premium](https://www.investopedia.com/terms/o/option-premium.asp) (Depositors Reward) will be delivered to [Vault Depositors (Option Sellers)](https://docs.typus.finance/vault-depositor-option-seller) and [Option Contracts](https://www.investopedia.com/terms/o/optionscontract.asp) will be delivered to [Vault Bidders (Option Buyers)](https://docs.typus.finance/vault-bidder-option-buyer).

Before the expiration date of the option strategy ([Vault Settlement](https://docs.typus.finance/vault-settlement)), Vault Depositors (Option Sellers) are able to harvest or compound their rewards anytime. Reward (Premium) is determined by the vaulter and can be delivered in either $SUI or $USDC. If it is settled in the same token as your deposits, users can compound earnings into the vault.

::Image[]{src="https://api.archbee.com/api/optimize/f0wpBLycD4SqdLxdQePJn/GgtTMD6l2BRwPLGvhGFkH_image.png" size="50" width="866" height="1160" position="center" showCaption="false"}

In the future, Vault Bidders (Option Buyers) will be able to trade their vaults under** Typus RFQ Network**, which is a secondary marketplace for Typus Vaults.

Please note that:

- It does not guarantee that all deposited amounts will get delivered, as the auction amount is limited and **all deposits will be filled on a proportional basis according to the actual filled percentage**.
- Some vaults will be filled at a certain **leverage** level. For instance, if a vault is under 25% leverage (0.25x leverage), it means that your maximum loss is 25% of your deposits. 
- If your deposit is filled successfully, it will be in `Active Balance` during the `Lockup Period`. Otherwise, your deposit will stay in `Warmup Balance` and you can withdraw it anytime.
- `Performance Fee` will be pre-locked for 10% of the reward (premium). Vault Depositors (Option Sellers) can check their `Reward (Premium)` balance after vault settlement for possible fee refunds.