Auktrafi

Auktrafi is a decentralized booking platform that turns every property and every night into an on-chain market. Owners tokenize their properties, guests book nights and enables auctions for real demand-driven pricing.

Owners deploy a property “vault” using an ultra-gas-efficient EIP-1167 clone pattern. Each night becomes a minimal on-chain sub-vault that manages the full lifecycle: FREE → AUCTION → SETTLED. Guests can book at the base price or bid higher. When check-in happens, settlement executes instantly on-chain and the access code is released to the valid booker.

Payments are fully transparent and automatic: 95/5 base split (owner/platform), plus a premium auction incentive that rewards early bookers, previous holders, owners, and the platform—aligning everyone around utilization.

Auktrafi removes intermediaries, eliminates payout delays, and introduces dynamic, fair pricing for short-stay bookings—with on-chain verification, PYUSD settlement, and full owner control.

We built Hardhat v3 as the development framework. Hardhat was essential for fast iteration, debugging, test forking, and running a full suite of unit tests that cover auctions, settlement flows, and payment distribution logic. We also automated ABI + deployment exports to keep the frontend always synced with the latest contracts.

The architecture uses the EIP-1167 clone pattern to deploy ultra-lightweight Property Vaults and Night Sub-Vaults, reducing gas costs by ~99%—critical for a model where every booked night becomes its own on-chain instance. Instead of one giant booking ledger, every night runs its own isolated logic—simplifying auditing, enabling composability, and making it easy to plug into future loyalty or reputation layers.

A key choice was integrating PayPal USD (PYUSD) as the settlement token. Settlement is automatic on check-in, making the booking experience feel like Web2 but with Web3 guarantees.