# LGO Dutch Auction

You can participate in this auction by offering LVL in exchange for newly minted LGO.

{% hint style="info" %}
To see historical commitments to LGO Dutch Auctions, visit the [LGO Auction page](https://app.level.finance/auction/lgo)
{% endhint %}

### **Participating in the LGO Dutch Auction**

1. **Connect** your wallet
2. **Navigate** to the [LGO Auction page](https://app.level.finance/auction/lgo)
3. Enter the Amount of LVL you want to bid with
4. Click ‘**APPROVE**’ and confirm the pop-up transaction in your wallet
5. Click ‘**COMMIT**’ and confirm the pop-up transaction in your wallet
6. Once confirmed in your wallet, you will see a "Transaction Completed" pop-up on the LEVEL UI after a few seconds.
7. After the auction is finalized, all participants will get LGO tokens proportional to their contribution to the pool

{% hint style="info" %}
LGO tokens acquired via the auction can be claimed directly after the auction has been finalized - if the auction fails, all participants will have their committed LVL returned
{% endhint %}


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