@agoric/inter-protocol 0.16.2-upgrade-14-dev-0169c7e.0 → 0.16.2-upgrade-16-dev-8879538.0

package/package.json

@@ -1,22 +1,24 @@
 {
   "name": "@agoric/inter-protocol",
-  "version": "0.16.2-upgrade-14-dev-0169c7e.0+0169c7e",
+  "version": "0.16.2-upgrade-16-dev-8879538.0+8879538",
   "description": "Core cryptoeconomy contracts",
   "type": "module",
   "main": "src/index.js",
   "engines": {
-    "node": ">=14.15.0"
+    "node": "^18.12 || ^20.9"
   },
   "scripts": {
     "build": "yarn build:bundles",
     "build:bundles": "node ./scripts/build-bundles.js",
+    "prepack": "tsc --build tsconfig.build.json",
+    "postpack": "git clean -f '*.d.ts*'",
     "test": "ava",
     "test:c8": "c8 $C8_OPTIONS ava --config=ava-nesm.config.js",
     "test:xs": "exit 0",
     "lint-fix": "yarn lint:eslint --fix",
     "lint": "run-s --continue-on-error lint:*",
     "lint:eslint": "eslint .",
-    "lint:types": "tsc -p jsconfig.json"
+    "lint:types": "tsc"
   },
   "repository": {
     "type": "git",
@@ -29,53 +31,58 @@
   },
   "homepage": "https://github.com/Agoric/agoric-sdk#readme",
   "dependencies": {
-    "@agoric/assert": "0.6.1-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/ertp": "0.16.3-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/governance": "0.10.4-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/internal": "0.4.0-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/notifier": "0.6.3-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/store": "0.9.3-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/time": "0.3.3-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/vat-data": "0.5.3-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/vats": "0.15.2-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/zoe": "0.26.3-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@endo/captp": "3.1.1",
-    "@endo/eventual-send": "0.17.2",
-    "@endo/far": "0.2.18",
-    "@endo/marshal": "0.8.5",
-    "@endo/nat": "4.1.27",
-    "jessie.js": "^0.3.2"
+    "@agoric/assert": "0.6.1-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/ertp": "0.16.3-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/governance": "0.10.4-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/internal": "0.3.3-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/notifier": "0.6.3-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/store": "0.9.3-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/time": "0.3.3-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/vat-data": "0.5.3-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/vats": "0.15.2-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/zoe": "0.26.3-upgrade-16-dev-8879538.0+8879538",
+    "@endo/captp": "^4.2.0",
+    "@endo/eventual-send": "^1.2.2",
+    "@endo/far": "^1.1.2",
+    "@endo/marshal": "^1.5.0",
+    "@endo/nat": "^5.0.7",
+    "@endo/promise-kit": "^1.1.2",
+    "jessie.js": "^0.3.4"
   },
   "devDependencies": {
-    "@agoric/deploy-script-support": "0.10.4-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/smart-wallet": "0.5.4-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/swingset-liveslots": "0.10.3-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@agoric/swingset-vat": "0.32.3-upgrade-14-dev-0169c7e.0+0169c7e",
-    "@endo/bundle-source": "2.5.2-upstream-rollup",
-    "@endo/init": "0.5.56",
-    "@endo/promise-kit": "0.2.56",
-    "@fast-check/ava": "^1.1.3",
-    "ava": "^5.2.0",
-    "c8": "^7.13.0",
+    "@agoric/smart-wallet": "0.5.4-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/swingset-liveslots": "0.10.3-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/swingset-vat": "0.32.3-upgrade-16-dev-8879538.0+8879538",
+    "@agoric/zone": "0.2.3-upgrade-16-dev-8879538.0+8879538",
+    "@endo/bundle-source": "^3.2.3",
+    "@endo/init": "^1.1.2",
+    "@endo/promise-kit": "^1.1.2",
+    "@fast-check/ava": "^1.1.5",
+    "ava": "^5.3.0",
+    "c8": "^9.1.0",
     "deep-object-diff": "^1.1.9",
     "import-meta-resolve": "^2.2.1"
   },
   "files": [
-    "scripts/",
+    "scripts",
     "src/",
-    "exported.js",
     "NEWS.md"
   ],
   "ava": {
     "files": [
-      "test/**/test-*.js"
+      "test/**/*.test.*"
+    ],
+    "require": [
+      "@endo/init/debug.js"
     ],
-    "concurrency": 2,
     "workerThreads": false,
     "timeout": "10m"
   },
   "publishConfig": {
     "access": "public"
   },
-  "gitHead": "0169c7e505099fdcfa8e4d1436e5d3b372f1c320"
+  "typeCoverage": {
+    "atLeast": 95.87
+  },
+  "gitHead": "8879538cd1d125a08346f02dd5701d0d70c90bb8"
 }

package/scripts/build-bundles.js

@@ -1,36 +1,20 @@
 #! /usr/bin/env node
 import '@endo/init';
-import {
-  createBundles,
-  extractProposalBundles,
-} from '@agoric/internal/src/node/createBundles.js';
-import url from 'url';
-import process from 'process';
-
-import { defaultProposalBuilder } from './init-core.js';
-import { defaultProposalBuilder as collateralProposalBuilder } from './add-collateral-core.js';
 
-process.env.INTERCHAIN_ISSUER_BOARD_ID =
-  'arbitrary value to prevent build error';
+import { createBundles } from '@agoric/internal/src/node/createBundles.js';
+import url from 'url';
 
 const dirname = url.fileURLToPath(new URL('.', import.meta.url));
-await extractProposalBundles(
-  [
-    ['.', defaultProposalBuilder],
-    ['.', collateralProposalBuilder],
-  ],
-  dirname,
-);
 
 await createBundles(
   [
-    ['../src/psm/psm.js', '../bundles/bundle-psm.js'],
+    ['@agoric/inter-protocol/src/psm/psm.js', '../bundles/bundle-psm.js'],
     [
-      '../src/econCommitteeCharter.js',
+      '@agoric/inter-protocol/src/econCommitteeCharter.js',
       '../bundles/bundle-econCommitteeCharter.js',
     ],
     [
-      '../src/price/fluxAggregatorContract.js',
+      '@agoric/inter-protocol/src/price/fluxAggregatorContract.js',
       '../bundles/bundle-fluxAggregatorKit.js',
     ],
   ],

package/src/auction/auctionBook.d.ts

@@ -0,0 +1,84 @@
+export function makeOfferSpecShape(bidBrand: Brand<"nat">, collateralBrand: Brand<"nat">): import("@endo/patterns").Matcher;
+export function prepareAuctionBook(baggage: Baggage, zcf: ZCF, makeRecorderKit: import("@agoric/zoe/src/contractSupport/recorder.js").MakeRecorderKit): (bidBrand: globalThis.Brand<"nat">, collateralBrand: globalThis.Brand<"nat">, pAuthority: PriceAuthority, node: globalThis.StorageNode) => import("@endo/exo").Guarded<{
+    /**
+     * @param {Amount<'nat'>} assetAmount
+     * @param {ZCFSeat} sourceSeat
+     * @param {Amount<'nat'>} [proceedsGoal] an amount that the depositor
+     *   would like to raise. The auction is requested to not sell more
+     *   collateral than required to raise that much. The auctioneer might
+     *   sell more if there is more than one supplier of collateral, and
+     *   they request inconsistent limits.
+     */
+    addAssets(assetAmount: Amount<"nat">, sourceSeat: ZCFSeat, proceedsGoal?: import("@agoric/ertp/src/types.js").NatAmount | undefined): void;
+    /** @type {(reduction: Ratio) => void} */
+    settleAtNewRate(reduction: Ratio): void;
+    getCurrentPrice(): Ratio | null;
+    hasOrders(): boolean;
+    captureOraclePriceForRound(): void;
+    setStartingRate(rate: any): void;
+    /**
+     * @param {OfferSpec} offerSpec
+     * @param {ZCFSeat} seat
+     * @param {boolean} trySettle
+     */
+    addOffer(offerSpec: OfferSpec, seat: ZCFSeat, trySettle: boolean): void;
+    getSeats(): {
+        collateralSeat: ZCFSeat;
+        bidHoldingSeat: ZCFSeat;
+    };
+    exitAllSeats(): void;
+    endAuction(): void;
+    getDataUpdates(): globalThis.Subscriber<BookDataNotification>;
+    getPublicTopics(): {
+        bookData: import("@agoric/zoe/src/contractSupport/topics.js").PublicTopic<BookDataNotification>;
+    };
+}>;
+export type OfferSpec = {
+    maxBuy: Amount<"nat">;
+} & {
+    exitAfterBuy?: boolean;
+} & ({
+    offerPrice: Ratio;
+} | {
+    offerBidScaling: Ratio;
+});
+export type BookDataNotification = {
+    /**
+     * identifies the priceAuthority and price
+     */
+    startPrice: Ratio | null;
+    /**
+     * the price at the current auction
+     * tier
+     */
+    currentPriceLevel: Ratio | null;
+    /**
+     * The proceeds the sellers
+     * were targeting to raise
+     */
+    startProceedsGoal: Amount<"nat"> | null;
+    /**
+     * The remainder of the
+     * proceeds the sellers were targeting to raise
+     */
+    remainingProceedsGoal: Amount<"nat"> | null;
+    /**
+     * The proceeds raised so
+     * far in the auction
+     */
+    proceedsRaised: Amount<"nat"> | undefined;
+    /**
+     * How much collateral was available
+     * for sale at the start. (If more is deposited later, it'll be added in.)
+     */
+    startCollateral: Amount<"nat">;
+    /**
+     * The amount of collateral
+     * remaining
+     */
+    collateralAvailable: Amount<"nat"> | null;
+};
+export type AuctionBook = ReturnType<ReturnType<typeof prepareAuctionBook>>;
+import type { Baggage } from '@agoric/vat-data';
+import type { PriceAuthority } from '@agoric/zoe/tools/types.js';
+//# sourceMappingURL=auctionBook.d.ts.map

package/src/auction/auctionBook.d.ts.map

@@ -0,0 +1 @@
+{"version":3,"file":"auctionBook.d.ts","sourceRoot":"","sources":["auctionBook.js"],"names":[],"mappings":"AA8EO,6CAHI,KAAK,CAAC,KAAK,CAAC,mBACZ,KAAK,CAAC,KAAK,CAAC,oCAiBtB;AAwBM,0DAHI,GAAG,mBACH,OAAO,6CAA6C,EAAE,eAAe;IA6YxE;;;;;;;;OAQG;2BAPQ,MAAM,CAAC,KAAK,CAAC,cACb,OAAO;IA6ElB,yCAAyC;+BAAlB,KAAK,GAAK,IAAI;;;;;IA4GrC;;;;OAIG;wBAHQ,SAAS,QACT,OAAO,aACP,OAAO;;;;;;;;;;;GAyFzB;wBA1tBY;IACZ,MAAU,EAAE,MAAM,CAAC,KAAK,CAAC,CAAC;CACvB,GAAG;IACN,YAAgB,CAAC,EAAE,OAAO,CAAC;CACxB,GAAG,CACE;IACR,UAAoB,EAAE,KAAK,CAAC;CACnB,GACD;IACR,eAAyB,EAAE,KAAK,CAAC;CACxB,CACJ;;;;;gBAyBQ,KAAK,GAAG,IAAI;;;;;uBACZ,KAAK,GAAG,IAAI;;;;;uBAEZ,MAAM,CAAC,KAAK,CAAC,GAAG,IAAI;;;;;2BAEpB,MAAM,CAAC,KAAK,CAAC,GAAG,IAAI;;;;;oBAEpB,MAAM,CAAC,KAAK,CAAC,GAAG,SAAS;;;;;qBAEzB,MAAM,CAAC,KAAK,CAAC;;;;;yBAEb,MAAM,CAAC,KAAK,CAAC,GAAG,IAAI;;0BA8qBpB,UAAU,CAAC,UAAU,CAAC,OAAO,kBAAkB,CAAC,CAAC;6BA5vBrC,kBAAkB;oCACiD,4BAA4B"}

package/src/auction/auctionBook.js

@@ -1,8 +1,8 @@
-import '@agoric/governance/exported.js';
-import '@agoric/zoe/exported.js';
-import '@agoric/zoe/src/contracts/exported.js';
+/// <reference types="@agoric/internal/exported" />
+/// <reference types="@agoric/governance/exported" />
+/// <reference types="@agoric/zoe/exported" />
 
-import { AmountMath } from '@agoric/ertp';
+import { AmountMath, RatioShape } from '@agoric/ertp';
 import { mustMatch } from '@agoric/store';
 import { M, prepareExoClassKit } from '@agoric/vat-data';
 
@@ -27,6 +27,11 @@ import {
   priceFrom,
 } from './util.js';
 
+/**
+ * @import {Baggage} from '@agoric/vat-data';
+ * @import {PriceAuthority, PriceDescription, PriceQuote, PriceQuoteValue, PriceQuery,} from '@agoric/zoe/tools/types.js';
+ */
+
 const { Fail } = assert;
 const { makeEmpty } = AmountMath;
 
@@ -34,34 +39,38 @@ const DEFAULT_DECIMALS = 9;
 
 /**
  * @file The book represents the collateral-specific state of an ongoing
- * auction. It holds the book, the capturedPrice, and the collateralSeat that has
- * the allocation of assets for sale.
+ *   auction. It holds the book, the capturedPrice, and the collateralSeat that
+ *   has the allocation of assets for sale.
+ *
+ *   The book contains orders for the collateral. It holds two kinds of orders:
  *
- * The book contains orders for the collateral. It holds two kinds of
- * orders:
  *   - Prices express the bidding offer in terms of a Bid amount
- *   - ScaledBids express the offer in terms of a discount (or markup) from the
- *     most recent oracle price.
+ *   - ScaledBids express the offer in terms of a discount (or markup) from the most
+ *       recent oracle price.
  *
- * Offers can be added in three ways. 1) When the auction is not active, prices
- * are automatically added to the appropriate collection. When the auction is
- * active, 2) if a new offer is at or above the current price, it will be
- * settled immediately; 2) If the offer is below the current price, it will be
- * added in the appropriate place and settled when the price reaches that level.
+ *   Offers can be added in three ways. 1) When the auction is not active, prices
+ *   are automatically added to the appropriate collection. When the auction is
+ *   active, 2) if a new offer is at or above the current price, it will be
+ *   settled immediately; 2) If the offer is below the current price, it will be
+ *   added in the appropriate place and settled when the price reaches that
+ *   level.
  */
 
 const trace = makeTracer('AucBook', true);
 
 /**
  * @typedef {{
- *   maxBuy: Amount<'nat'>
+ *   maxBuy: Amount<'nat'>;
  * } & {
- *   exitAfterBuy?: boolean,
- * } & ({
- *   offerPrice: Ratio,
- * } | {
- *    offerBidScaling: Ratio,
- * })} OfferSpec
+ *   exitAfterBuy?: boolean;
+ * } & (
+ *     | {
+ *         offerPrice: Ratio;
+ *       }
+ *     | {
+ *         offerBidScaling: Ratio;
+ *       }
+ *   )} OfferSpec
  */
 /**
  * @param {Brand<'nat'>} bidBrand
@@ -84,21 +93,21 @@ export const makeOfferSpecShape = (bidBrand, collateralBrand) => {
   );
 };
 
-/** @typedef {import('@agoric/vat-data').Baggage} Baggage */
-
 /**
  * @typedef {object} BookDataNotification
- *
- * @property {Ratio         | null}      startPrice identifies the priceAuthority and price
- * @property {Ratio         | null}      currentPriceLevel the price at the current auction tier
- * @property {Amount<'nat'> | null}      startProceedsGoal The proceeds the sellers were targeting to raise
- * @property {Amount<'nat'> | null}      remainingProceedsGoal The remainder of
- *     the proceeds the sellers were targeting to raise
- * @property {Amount<'nat'> | undefined} proceedsRaised The proceeds raised so far in the auction
- * @property {Amount<'nat'>}             startCollateral How much collateral was
- *    available for sale at the start. (If more is deposited later, it'll be
- *    added in.)
- * @property {Amount<'nat'> | null}      collateralAvailable The amount of collateral remaining
+ * @property {Ratio | null} startPrice identifies the priceAuthority and price
+ * @property {Ratio | null} currentPriceLevel the price at the current auction
+ *   tier
+ * @property {Amount<'nat'> | null} startProceedsGoal The proceeds the sellers
+ *   were targeting to raise
+ * @property {Amount<'nat'> | null} remainingProceedsGoal The remainder of the
+ *   proceeds the sellers were targeting to raise
+ * @property {Amount<'nat'> | undefined} proceedsRaised The proceeds raised so
+ *   far in the auction
+ * @property {Amount<'nat'>} startCollateral How much collateral was available
+ *   for sale at the start. (If more is deposited later, it'll be added in.)
+ * @property {Amount<'nat'> | null} collateralAvailable The amount of collateral
+ *   remaining
  */
 
 /**
@@ -118,7 +127,7 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
     bidHoldingSeat: M.any(),
     bidAmountShape: M.any(),
     priceAuthority: M.any(),
-    updatingOracleQuote: M.any(),
+    updatingOracleQuote: M.or(RatioShape, M.null()),
     bookDataKit: M.any(),
     priceBook: M.any(),
     scaledBidBook: M.any(),
@@ -141,11 +150,6 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
      */
     (bidBrand, collateralBrand, pAuthority, node) => {
       assertAllDefined({ bidBrand, collateralBrand, pAuthority });
-      const zeroBid = makeEmpty(bidBrand);
-      const zeroRatio = makeRatioFromAmounts(
-        zeroBid,
-        AmountMath.make(collateralBrand, 1n),
-      );
 
       // these don't have to be durable, since we're currently assuming that upgrade
       // from a quiescent state is sufficient. When the auction is quiescent, there
@@ -182,7 +186,7 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
         bidAmountShape,
 
         priceAuthority: pAuthority,
-        updatingOracleQuote: zeroRatio,
+        updatingOracleQuote: /** @type {Ratio | null} */ (null),
 
         bookDataKit,
 
@@ -231,8 +235,8 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
     {
       helper: {
         /**
-         * remove the key from the appropriate book, indicated by whether the price
-         * is defined.
+         * remove the key from the appropriate book, indicated by whether the
+         * price is defined.
          *
          * @param {string} key
          * @param {Ratio | undefined} price
@@ -247,8 +251,8 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
         },
 
         /**
-         * Update the entry in the appropriate book, indicated by whether the price
-         * is defined.
+         * Update the entry in the appropriate book, indicated by whether the
+         * price is defined.
          *
          * @param {string} key
          * @param {Amount} collateralSold
@@ -264,7 +268,8 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
         },
 
         /**
-         * Settle with seat. The caller is responsible for updating the book, if any.
+         * Settle with seat. The caller is responsible for updating the book, if
+         * any.
          *
          * @param {ZCFSeat} seat
          * @param {Amount<'nat'>} collateralWanted
@@ -341,15 +346,16 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
         },
 
         /**
-         *  Accept an offer expressed as a price. If the auction is active, attempt to
-         *  buy collateral. If any of the offer remains add it to the book.
+         * Accept an offer expressed as a price. If the auction is active,
+         * attempt to buy collateral. If any of the offer remains add it to the
+         * book.
          *
-         *  @param {ZCFSeat} seat
-         *  @param {Ratio} price
-         *  @param {Amount<'nat'>} maxBuy
-         *  @param {object} opts
-         *  @param {boolean} opts.trySettle
-         *  @param {boolean} [opts.exitAfterBuy]
+         * @param {ZCFSeat} seat
+         * @param {Ratio} price
+         * @param {Amount<'nat'>} maxBuy
+         * @param {object} opts
+         * @param {boolean} opts.trySettle
+         * @param {boolean} [opts.exitAfterBuy]
          */
         acceptPriceOffer(
           seat,
@@ -388,16 +394,16 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
         },
 
         /**
-         *  Accept an offer expressed as a discount (or markup). If the auction is
-         *  active, attempt to buy collateral. If any of the offer remains add it to
-         *  the book.
+         * Accept an offer expressed as a discount (or markup). If the auction
+         * is active, attempt to buy collateral. If any of the offer remains add
+         * it to the book.
          *
-         *  @param {ZCFSeat} seat
-         *  @param {Ratio} bidScaling
-         *  @param {Amount<'nat'>} maxBuy
-         *  @param {object} opts
-         *  @param {boolean} opts.trySettle
-         *  @param {boolean} [opts.exitAfterBuy]
+         * @param {ZCFSeat} seat
+         * @param {Ratio} bidScaling
+         * @param {Amount<'nat'>} maxBuy
+         * @param {object} opts
+         * @param {boolean} opts.trySettle
+         * @param {boolean} [opts.exitAfterBuy]
          */
         acceptScaledBidOffer(
           seat,
@@ -460,16 +466,58 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
           });
           return state.bookDataKit.recorder.write(bookData);
         },
+        observeQuoteNotifier() {
+          const { state, facets } = this;
+          const { collateralBrand, bidBrand, priceAuthority } = state;
+
+          trace('observing');
+
+          void E.when(
+            E(collateralBrand).getDisplayInfo(),
+            ({ decimalPlaces = DEFAULT_DECIMALS }) => {
+              const quoteNotifier = E(priceAuthority).makeQuoteNotifier(
+                AmountMath.make(collateralBrand, 10n ** BigInt(decimalPlaces)),
+                bidBrand,
+              );
+              void observeNotifier(quoteNotifier, {
+                updateState: quote => {
+                  trace(
+                    `BOOK notifier ${priceFrom(quote).numerator.value}/${
+                      priceFrom(quote).denominator.value
+                    }`,
+                  );
+                  state.updatingOracleQuote = priceFrom(quote);
+                },
+                fail: reason => {
+                  trace(
+                    `Failure from quoteNotifier (${reason}) setting to null`,
+                  );
+                  // lack of quote will trigger restart
+                  state.updatingOracleQuote = null;
+                },
+                finish: done => {
+                  trace(
+                    `quoteNotifier invoked finish(${done}). setting quote to null`,
+                  );
+                  // lack of quote will trigger restart
+                  state.updatingOracleQuote = null;
+                },
+              });
+            },
+          );
+
+          void facets.helper.publishBookData();
+        },
       },
       self: {
         /**
          * @param {Amount<'nat'>} assetAmount
          * @param {ZCFSeat} sourceSeat
          * @param {Amount<'nat'>} [proceedsGoal] an amount that the depositor
-         *    would like to raise. The auction is requested to not sell more
-         *    collateral than required to raise that much. The auctioneer might
-         *    sell more if there is more than one supplier of collateral, and
-         *    they request inconsistent limits.
+         *   would like to raise. The auction is requested to not sell more
+         *   collateral than required to raise that much. The auctioneer might
+         *   sell more if there is more than one supplier of collateral, and
+         *   they request inconsistent limits.
          */
         addAssets(assetAmount, sourceSeat, proceedsGoal) {
           const { state, facets } = this;
@@ -547,9 +595,12 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
 
           trace(this.state.collateralBrand, 'settleAtNewRate', reduction);
           const { capturedPriceForRound, priceBook, scaledBidBook } = state;
-          capturedPriceForRound !== null ||
-            Fail`price must be captured before auction starts`;
-          assert(capturedPriceForRound);
+          if (!capturedPriceForRound) {
+            console.error(
+              `⚠️No price for ${this.state.collateralBrand}, skipping auction.`,
+            );
+            return;
+          }
 
           state.curAuctionPrice = multiplyRatios(
             reduction,
@@ -619,6 +670,12 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
           const { facets, state } = this;
 
           trace(`capturing oracle price `, state.updatingOracleQuote);
+          if (!state.updatingOracleQuote) {
+            // if the price has feed has died, try restarting it.
+            facets.helper.observeQuoteNotifier();
+            return;
+          }
+
           state.capturedPriceForRound = state.updatingOracleQuote;
           void facets.helper.publishBookData();
         },
@@ -718,43 +775,18 @@ export const prepareAuctionBook = (baggage, zcf, makeRecorderKit) => {
       finish: ({ state, facets }) => {
         const { collateralBrand, bidBrand, priceAuthority } = state;
         assertAllDefined({ collateralBrand, bidBrand, priceAuthority });
-        void E.when(
-          E(collateralBrand).getDisplayInfo(),
-          ({ decimalPlaces = DEFAULT_DECIMALS }) => {
-            // TODO(#6946) use this to keep a current price that can be published in state.
-            const quoteNotifier = E(priceAuthority).makeQuoteNotifier(
-              AmountMath.make(collateralBrand, 10n ** BigInt(decimalPlaces)),
-              bidBrand,
-            );
-            void observeNotifier(quoteNotifier, {
-              updateState: quote => {
-                trace(
-                  `BOOK notifier ${priceFrom(quote).numerator.value}/${
-                    priceFrom(quote).denominator.value
-                  }`,
-                );
-                state.updatingOracleQuote = priceFrom(quote);
-              },
-              fail: reason => {
-                throw Error(
-                  `auction observer of ${collateralBrand} failed: ${reason}`,
-                );
-              },
-              finish: done => {
-                throw Error(
-                  `auction observer for ${collateralBrand} died: ${done}`,
-                );
-              },
-            });
-          },
-        );
-        void facets.helper.publishBookData();
+
+        facets.helper.observeQuoteNotifier();
       },
       stateShape: AuctionBookStateShape,
     },
   );
 
-  /** @type {(...args: Parameters<typeof makeAuctionBookKit>) => ReturnType<typeof makeAuctionBookKit>['self']} */
+  /**
+   * @type {(
+   *   ...args: Parameters<typeof makeAuctionBookKit>
+   * ) => ReturnType<typeof makeAuctionBookKit>['self']}
+   */
   const makeAuctionBook = (...args) => makeAuctionBookKit(...args).self;
   return makeAuctionBook;
 };