diff --git a/Cargo.lock b/Cargo.lock
index 54c2b7f43b..a548a129e0 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5129,6 +5129,7 @@ dependencies = [
  "once_cell",
  "pbjson-types",
  "penumbra-asset",
+ "penumbra-auction",
  "penumbra-community-pool",
  "penumbra-dex",
  "penumbra-distributions",
diff --git a/crates/bin/pcli/src/command/tx/proposal.rs b/crates/bin/pcli/src/command/tx/proposal.rs
index 7027a884cd..19e1585240 100644
--- a/crates/bin/pcli/src/command/tx/proposal.rs
+++ b/crates/bin/pcli/src/command/tx/proposal.rs
@@ -97,6 +97,7 @@ impl ProposalKindCmd {
             ProposalKindCmd::ParameterChange => ProposalPayload::ParameterChange {
                 old: Box::new(app_params.as_changed_params()),
                 new: Box::new(ChangedAppParameters {
+                    auction_params: None,
                     community_pool_params: None,
                     distributions_params: None,
                     ibc_params: None,
diff --git a/crates/cnidarium/src/gen/proto_descriptor.bin.no_lfs b/crates/cnidarium/src/gen/proto_descriptor.bin.no_lfs
index 67d781308d..d50e1bd881 100644
Binary files a/crates/cnidarium/src/gen/proto_descriptor.bin.no_lfs and b/crates/cnidarium/src/gen/proto_descriptor.bin.no_lfs differ
diff --git a/crates/core/app/src/app/mod.rs b/crates/core/app/src/app/mod.rs
index e64db70186..f918e1c642 100644
--- a/crates/core/app/src/app/mod.rs
+++ b/crates/core/app/src/app/mod.rs
@@ -6,6 +6,7 @@ use cnidarium::{ArcStateDeltaExt, Snapshot, StateDelta, StateRead, StateWrite, S
 use cnidarium_component::Component;
 use ibc_types::core::connection::ChainId;
 use jmt::RootHash;
+use penumbra_auction::component::{Auction, StateReadExt as _, StateWriteExt as _};
 use penumbra_community_pool::component::{CommunityPool, StateWriteExt as _};
 use penumbra_community_pool::StateReadExt as _;
 use penumbra_compact_block::component::CompactBlockManager;
@@ -118,6 +119,7 @@ impl App {
                 )
                 .await;
                 Ibc::init_chain(&mut state_tx, Some(&genesis.ibc_content)).await;
+                Auction::init_chain(&mut state_tx, Some(&genesis.auction_content)).await;
                 Dex::init_chain(&mut state_tx, Some(&genesis.dex_content)).await;
                 CommunityPool::init_chain(&mut state_tx, Some(&genesis.community_pool_content))
                     .await;
@@ -245,6 +247,9 @@ impl App {
             if let Some(dex_params) = app_params.new.dex_params {
                 state_tx.put_dex_params(dex_params);
             }
+            if let Some(auction_params) = app_params.new.auction_params {
+                state_tx.put_auction_params(auction_params);
+            }
         }
 
         // Run each of the begin block handlers for each component, in sequence:
@@ -257,6 +262,7 @@ impl App {
             begin_block,
         )
         .await;
+        Auction::begin_block(&mut arc_state_tx, begin_block).await;
         Dex::begin_block(&mut arc_state_tx, begin_block).await;
         CommunityPool::begin_block(&mut arc_state_tx, begin_block).await;
         Governance::begin_block(&mut arc_state_tx, begin_block).await;
@@ -387,6 +393,7 @@ impl App {
         ShieldedPool::end_block(&mut arc_state_tx, end_block).await;
         Distributions::end_block(&mut arc_state_tx, end_block).await;
         Ibc::end_block(&mut arc_state_tx, end_block).await;
+        Auction::end_block(&mut arc_state_tx, end_block).await;
         Dex::end_block(&mut arc_state_tx, end_block).await;
         CommunityPool::end_block(&mut arc_state_tx, end_block).await;
         Governance::end_block(&mut arc_state_tx, end_block).await;
@@ -496,6 +503,9 @@ impl App {
             Ibc::end_epoch(&mut arc_state_tx)
                 .await
                 .expect("able to call end_epoch on IBC component");
+            Auction::end_epoch(&mut arc_state_tx)
+                .await
+                .expect("able to call end_epoch on auction component");
             Dex::end_epoch(&mut arc_state_tx)
                 .await
                 .expect("able to call end_epoch on dex component");
@@ -691,9 +701,11 @@ pub trait StateReadExt: StateRead {
         let shielded_pool_params = self.get_shielded_pool_params().await?;
         let stake_params = self.get_stake_params().await?;
         let dex_params = self.get_dex_params().await?;
+        let auction_params = self.get_auction_params().await?;
 
         Ok(AppParameters {
             chain_id,
+            auction_params,
             community_pool_params,
             distributions_params,
             fee_params,
diff --git a/crates/core/app/src/genesis.rs b/crates/core/app/src/genesis.rs
index 942cd80331..32d01944bf 100644
--- a/crates/core/app/src/genesis.rs
+++ b/crates/core/app/src/genesis.rs
@@ -1,3 +1,4 @@
+use penumbra_auction::genesis::Content as AuctionContent;
 use penumbra_community_pool::genesis::Content as CommunityPoolContent;
 use penumbra_dex::genesis::Content as DexContent;
 use penumbra_distributions::genesis::Content as DistributionsContent;
@@ -47,6 +48,8 @@ pub struct Content {
     pub stake_content: StakeContent,
     /// Dex component genesis state.
     pub dex_content: DexContent,
+    /// Auction component genesis state.
+    pub auction_content: AuctionContent,
 }
 
 impl DomainType for Content {
@@ -78,6 +81,7 @@ impl From<Content> for pb::GenesisContent {
     fn from(genesis: Content) -> Self {
         pb::GenesisContent {
             chain_id: genesis.chain_id,
+            auction_content: Some(genesis.auction_content.into()),
             community_pool_content: Some(genesis.community_pool_content.into()),
             distributions_content: Some(genesis.distributions_content.into()),
             fee_content: Some(genesis.fee_content.into()),
@@ -116,6 +120,10 @@ impl TryFrom<pb::GenesisContent> for Content {
     fn try_from(msg: pb::GenesisContent) -> Result<Self, Self::Error> {
         Ok(Content {
             chain_id: msg.chain_id,
+            auction_content: msg
+                .auction_content
+                .ok_or_else(|| anyhow::anyhow!("proto response missing Auction content"))?
+                .try_into()?,
             community_pool_content: msg
                 .community_pool_content
                 .ok_or_else(|| anyhow::anyhow!("proto response missing Community Pool content"))?
diff --git a/crates/core/app/src/params.rs b/crates/core/app/src/params.rs
index ab89d130b0..691999fb42 100644
--- a/crates/core/app/src/params.rs
+++ b/crates/core/app/src/params.rs
@@ -1,3 +1,4 @@
+use penumbra_auction::params::AuctionParameters;
 use penumbra_community_pool::params::CommunityPoolParameters;
 use penumbra_dex::DexParameters;
 use penumbra_distributions::DistributionsParameters;
@@ -19,6 +20,7 @@ pub mod change;
 #[serde(try_from = "pb::AppParameters", into = "pb::AppParameters")]
 pub struct AppParameters {
     pub chain_id: String,
+    pub auction_params: AuctionParameters,
     pub community_pool_params: CommunityPoolParameters,
     pub distributions_params: DistributionsParameters,
     pub dex_params: DexParameters,
@@ -41,6 +43,10 @@ impl TryFrom<pb::AppParameters> for AppParameters {
     fn try_from(msg: pb::AppParameters) -> anyhow::Result<Self> {
         Ok(AppParameters {
             chain_id: msg.chain_id,
+            auction_params: msg
+                .auction_params
+                .ok_or_else(|| anyhow::anyhow!("proto response missing auction params"))?
+                .try_into()?,
             community_pool_params: msg
                 .community_pool_params
                 .ok_or_else(|| anyhow::anyhow!("proto response missing community pool params"))?
@@ -89,6 +95,7 @@ impl From<AppParameters> for pb::AppParameters {
     fn from(params: AppParameters) -> Self {
         pb::AppParameters {
             chain_id: params.chain_id,
+            auction_params: Some(params.auction_params.into()),
             community_pool_params: Some(params.community_pool_params.into()),
             distributions_params: Some(params.distributions_params.into()),
             fee_params: Some(params.fee_params.into()),
diff --git a/crates/core/app/src/params/change.rs b/crates/core/app/src/params/change.rs
index 78ff79d57d..1b25faf869 100644
--- a/crates/core/app/src/params/change.rs
+++ b/crates/core/app/src/params/change.rs
@@ -1,6 +1,7 @@
 use std::fmt::Display;
 
 use anyhow::Result;
+use penumbra_auction::params::AuctionParameters;
 use penumbra_community_pool::params::CommunityPoolParameters;
 use penumbra_dex::DexParameters;
 use penumbra_distributions::params::DistributionsParameters;
@@ -27,6 +28,7 @@ impl AppParameters {
         // Tracked by #3593
         let AppParameters {
             chain_id,
+            auction_params: AuctionParameters {},
             community_pool_params:
                 CommunityPoolParameters {
                     community_pool_spend_proposals_enabled: _,
@@ -122,6 +124,7 @@ impl AppParameters {
     pub fn check_valid(&self) -> Result<()> {
         let AppParameters {
             chain_id,
+            auction_params: AuctionParameters {},
             community_pool_params:
                 CommunityPoolParameters {
                     community_pool_spend_proposals_enabled: _,
@@ -252,6 +255,7 @@ impl AppParameters {
     /// Converts an `AppParameters` instance to a complete `ChangedAppParameters`.
     pub fn as_changed_params(&self) -> ChangedAppParameters {
         ChangedAppParameters {
+            auction_params: Some(self.auction_params.clone()),
             community_pool_params: Some(self.community_pool_params.clone()),
             distributions_params: Some(self.distributions_params.clone()),
             fee_params: Some(self.fee_params.clone()),
@@ -283,7 +287,8 @@ impl AppParameters {
                 || new.ibc_params.is_none()
                 || new.sct_params.is_none()
                 || new.shielded_pool_params.is_none()
-                || new.stake_params.is_none())
+                || new.stake_params.is_none()
+                || new.auction_params.is_none())
         {
             anyhow::bail!("all parameters must be specified if no old parameters are provided");
         }
@@ -296,6 +301,11 @@ impl AppParameters {
                 .expect("old should be set if new has any None values")
                 .chain_id
                 .clone(),
+            auction_params: new.auction_params.clone().unwrap_or_else(|| {
+                old.expect("old should be set if new has any None values")
+                    .auction_params
+                    .clone()
+            }),
             community_pool_params: new.community_pool_params.clone().unwrap_or_else(|| {
                 old.expect("old should be set if new has any None values")
                     .community_pool_params
diff --git a/crates/core/component/auction/src/component/auction.rs b/crates/core/component/auction/src/component/auction.rs
index 2cd60cdc33..7a7e215431 100644
--- a/crates/core/component/auction/src/component/auction.rs
+++ b/crates/core/component/auction/src/component/auction.rs
@@ -3,21 +3,29 @@ use anyhow::Result;
 use async_trait::async_trait;
 use cnidarium::{StateRead, StateWrite};
 use cnidarium_component::Component;
+use penumbra_proto::StateReadProto;
+use penumbra_proto::StateWriteProto;
 use std::sync::Arc;
 use tendermint::v0_37::abci;
 use tracing::instrument;
 
+use crate::{params::AuctionParameters, state_key};
+
 pub struct Auction {}
 
 #[async_trait]
 impl Component for Auction {
-    type AppState = ();
+    // Note: this is currently empty, but will make future
+    // addition easy to do.
+    type AppState = crate::genesis::Content;
 
-    #[instrument(name = "auction", skip(_state, app_state))]
-    async fn init_chain<S: StateWrite>(_state: S, app_state: Option<&Self::AppState>) {
+    #[instrument(name = "auction", skip(state, app_state))]
+    async fn init_chain<S: StateWrite>(mut state: S, app_state: Option<&Self::AppState>) {
         match app_state {
             None => { /* perform upgrade specific check */ }
-            Some(&()) => {}
+            Some(content) => {
+                state.put_auction_params(content.auction_params.clone());
+            }
         }
     }
 
@@ -46,14 +54,30 @@ impl Component for Auction {
 /// Extension trait providing read access to auction data.
 #[async_trait]
 pub trait StateReadExt: StateRead {
-    // Params accessors
+    async fn get_auction_params(&self) -> Result<AuctionParameters> {
+        self.get(state_key::parameters::key())
+            .await
+            .expect("no deserialization errors")
+            .ok_or_else(|| anyhow::anyhow!("Missing AuctionParameters"))
+    }
+
+    fn auction_params_updated(&self) -> bool {
+        self.object_get::<()>(state_key::parameters::updated_flag())
+            .is_some()
+    }
 }
 
 impl<T: StateRead + ?Sized> StateReadExt for T {}
 
 /// Extension trait providing write access to auction data.
 #[async_trait]
-pub trait StateWriteExt: StateWrite {}
+pub trait StateWriteExt: StateWrite {
+    /// Writes the provided auction parameters to the chain state.
+    fn put_auction_params(&mut self, params: AuctionParameters) {
+        self.object_put(state_key::parameters::updated_flag(), ());
+        self.put(state_key::parameters::key().into(), params)
+    }
+}
 
 impl<T: StateWrite + ?Sized> StateWriteExt for T {}
 
diff --git a/crates/core/component/auction/src/component/mod.rs b/crates/core/component/auction/src/component/mod.rs
index 58d81c2f8e..f669f55bbb 100644
--- a/crates/core/component/auction/src/component/mod.rs
+++ b/crates/core/component/auction/src/component/mod.rs
@@ -6,6 +6,7 @@ pub mod metrics;
 pub mod rpc;
 mod trigger_data;
 
+pub use auction::Auction;
 pub use auction::{StateReadExt, StateWriteExt};
 pub(crate) use auction_store::AuctionStoreRead;
 pub(crate) use dutch_auction::DutchAuctionManager;
diff --git a/crates/core/component/auction/src/genesis.rs b/crates/core/component/auction/src/genesis.rs
index 77a6f93fee..84ee043ec1 100644
--- a/crates/core/component/auction/src/genesis.rs
+++ b/crates/core/component/auction/src/genesis.rs
@@ -18,7 +18,7 @@ impl DomainType for Content {
 impl From<Content> for pb::GenesisContent {
     fn from(value: Content) -> Self {
         pb::GenesisContent {
-            auction_params: Some(value.auction_params.into()),
+            params: Some(value.auction_params.into()),
         }
     }
 }
@@ -29,7 +29,7 @@ impl TryFrom<pb::GenesisContent> for Content {
     fn try_from(msg: pb::GenesisContent) -> Result<Self, Self::Error> {
         Ok(Content {
             auction_params: msg
-                .auction_params
+                .params
                 .context("auction params not present in protobuf message")?
                 .try_into()?,
         })
diff --git a/crates/core/component/auction/src/lib.rs b/crates/core/component/auction/src/lib.rs
index cf2f70ab1d..fead922719 100644
--- a/crates/core/component/auction/src/lib.rs
+++ b/crates/core/component/auction/src/lib.rs
@@ -3,6 +3,7 @@
 #![deny(clippy::unwrap_used)]
 
 pub mod auction;
+pub mod genesis;
 pub mod params;
 pub mod state_key;
 
diff --git a/crates/core/component/auction/src/params.rs b/crates/core/component/auction/src/params.rs
index b60752e7af..a257468c28 100644
--- a/crates/core/component/auction/src/params.rs
+++ b/crates/core/component/auction/src/params.rs
@@ -23,3 +23,9 @@ impl TryFrom<pb::AuctionParameters> for AuctionParameters {
         Ok(AuctionParameters {})
     }
 }
+
+impl Default for AuctionParameters {
+    fn default() -> Self {
+        AuctionParameters {}
+    }
+}
diff --git a/crates/core/component/governance/Cargo.toml b/crates/core/component/governance/Cargo.toml
index b0153836ea..48cb7b75e3 100644
--- a/crates/core/component/governance/Cargo.toml
+++ b/crates/core/component/governance/Cargo.toml
@@ -50,6 +50,7 @@ metrics = {workspace = true}
 once_cell = {workspace = true}
 pbjson-types = {workspace = true}
 penumbra-asset = {workspace = true, default-features = false}
+penumbra-auction = {workspace = true, default-features = false}
 penumbra-community-pool = {workspace = true, default-features = false}
 penumbra-distributions = {workspace = true, default-features = false}
 penumbra-fee = {workspace = true, default-features = false}
diff --git a/crates/core/component/governance/src/proposal.rs b/crates/core/component/governance/src/proposal.rs
index fc1f75429a..15acff232e 100644
--- a/crates/core/component/governance/src/proposal.rs
+++ b/crates/core/component/governance/src/proposal.rs
@@ -5,6 +5,7 @@ use serde::{Deserialize, Serialize};
 use std::str::FromStr;
 
 use crate::params::GovernanceParameters;
+use penumbra_auction::params::AuctionParameters;
 use penumbra_community_pool::params::CommunityPoolParameters;
 use penumbra_dex::DexParameters;
 use penumbra_distributions::params::DistributionsParameters;
@@ -436,6 +437,7 @@ impl ProposalPayload {
     into = "pb::ChangedAppParameters"
 )]
 pub struct ChangedAppParameters {
+    pub auction_params: Option<AuctionParameters>,
     pub community_pool_params: Option<CommunityPoolParameters>,
     pub distributions_params: Option<DistributionsParameters>,
     pub ibc_params: Option<IBCParameters>,
@@ -457,6 +459,7 @@ impl TryFrom<pb::ChangedAppParameters> for ChangedAppParameters {
 
     fn try_from(msg: pb::ChangedAppParameters) -> anyhow::Result<Self> {
         Ok(ChangedAppParameters {
+            auction_params: msg.auction_params.map(TryInto::try_into).transpose()?,
             community_pool_params: msg
                 .community_pool_params
                 .map(TryInto::try_into)
@@ -483,6 +486,7 @@ impl TryFrom<pb::ChangedAppParameters> for ChangedAppParameters {
 impl From<ChangedAppParameters> for pb::ChangedAppParameters {
     fn from(params: ChangedAppParameters) -> Self {
         pb::ChangedAppParameters {
+            auction_params: params.auction_params.map(Into::into),
             community_pool_params: params.community_pool_params.map(Into::into),
             distributions_params: params.distributions_params.map(Into::into),
             fee_params: params.fee_params.map(Into::into),
diff --git a/crates/proto/src/gen/penumbra.core.app.v1.rs b/crates/proto/src/gen/penumbra.core.app.v1.rs
index 03f022040f..0fea6965d8 100644
--- a/crates/proto/src/gen/penumbra.core.app.v1.rs
+++ b/crates/proto/src/gen/penumbra.core.app.v1.rs
@@ -89,6 +89,11 @@ pub struct AppParameters {
     pub dex_params: ::core::option::Option<
         super::super::component::dex::v1::DexParameters,
     >,
+    /// Auction module parameters.
+    #[prost(message, optional, tag = "12")]
+    pub auction_params: ::core::option::Option<
+        super::super::component::auction::v1alpha1::AuctionParameters,
+    >,
 }
 impl ::prost::Name for AppParameters {
     const NAME: &'static str = "AppParameters";
@@ -201,6 +206,11 @@ pub struct GenesisContent {
     pub dex_content: ::core::option::Option<
         super::super::component::dex::v1::GenesisContent,
     >,
+    /// Auction component genesis state.
+    #[prost(message, optional, tag = "12")]
+    pub auction_content: ::core::option::Option<
+        super::super::component::auction::v1alpha1::GenesisContent,
+    >,
 }
 impl ::prost::Name for GenesisContent {
     const NAME: &'static str = "GenesisContent";
diff --git a/crates/proto/src/gen/penumbra.core.app.v1.serde.rs b/crates/proto/src/gen/penumbra.core.app.v1.serde.rs
index 6175e5c32d..9b910dd7fe 100644
--- a/crates/proto/src/gen/penumbra.core.app.v1.serde.rs
+++ b/crates/proto/src/gen/penumbra.core.app.v1.serde.rs
@@ -39,6 +39,9 @@ impl serde::Serialize for AppParameters {
         if self.dex_params.is_some() {
             len += 1;
         }
+        if self.auction_params.is_some() {
+            len += 1;
+        }
         let mut struct_ser = serializer.serialize_struct("penumbra.core.app.v1.AppParameters", len)?;
         if !self.chain_id.is_empty() {
             struct_ser.serialize_field("chainId", &self.chain_id)?;
@@ -73,6 +76,9 @@ impl serde::Serialize for AppParameters {
         if let Some(v) = self.dex_params.as_ref() {
             struct_ser.serialize_field("dexParams", v)?;
         }
+        if let Some(v) = self.auction_params.as_ref() {
+            struct_ser.serialize_field("auctionParams", v)?;
+        }
         struct_ser.end()
     }
 }
@@ -105,6 +111,8 @@ impl<'de> serde::Deserialize<'de> for AppParameters {
             "shieldedPoolParams",
             "dex_params",
             "dexParams",
+            "auction_params",
+            "auctionParams",
         ];
 
         #[allow(clippy::enum_variant_names)]
@@ -120,6 +128,7 @@ impl<'de> serde::Deserialize<'de> for AppParameters {
             FundingParams,
             ShieldedPoolParams,
             DexParams,
+            AuctionParams,
             __SkipField__,
         }
         impl<'de> serde::Deserialize<'de> for GeneratedField {
@@ -153,6 +162,7 @@ impl<'de> serde::Deserialize<'de> for AppParameters {
                             "fundingParams" | "funding_params" => Ok(GeneratedField::FundingParams),
                             "shieldedPoolParams" | "shielded_pool_params" => Ok(GeneratedField::ShieldedPoolParams),
                             "dexParams" | "dex_params" => Ok(GeneratedField::DexParams),
+                            "auctionParams" | "auction_params" => Ok(GeneratedField::AuctionParams),
                             _ => Ok(GeneratedField::__SkipField__),
                         }
                     }
@@ -183,6 +193,7 @@ impl<'de> serde::Deserialize<'de> for AppParameters {
                 let mut funding_params__ = None;
                 let mut shielded_pool_params__ = None;
                 let mut dex_params__ = None;
+                let mut auction_params__ = None;
                 while let Some(k) = map_.next_key()? {
                     match k {
                         GeneratedField::ChainId => {
@@ -251,6 +262,12 @@ impl<'de> serde::Deserialize<'de> for AppParameters {
                             }
                             dex_params__ = map_.next_value()?;
                         }
+                        GeneratedField::AuctionParams => {
+                            if auction_params__.is_some() {
+                                return Err(serde::de::Error::duplicate_field("auctionParams"));
+                            }
+                            auction_params__ = map_.next_value()?;
+                        }
                         GeneratedField::__SkipField__ => {
                             let _ = map_.next_value::<serde::de::IgnoredAny>()?;
                         }
@@ -268,6 +285,7 @@ impl<'de> serde::Deserialize<'de> for AppParameters {
                     funding_params: funding_params__,
                     shielded_pool_params: shielded_pool_params__,
                     dex_params: dex_params__,
+                    auction_params: auction_params__,
                 })
             }
         }
@@ -598,6 +616,9 @@ impl serde::Serialize for GenesisContent {
         if self.dex_content.is_some() {
             len += 1;
         }
+        if self.auction_content.is_some() {
+            len += 1;
+        }
         let mut struct_ser = serializer.serialize_struct("penumbra.core.app.v1.GenesisContent", len)?;
         if !self.chain_id.is_empty() {
             struct_ser.serialize_field("chainId", &self.chain_id)?;
@@ -632,6 +653,9 @@ impl serde::Serialize for GenesisContent {
         if let Some(v) = self.dex_content.as_ref() {
             struct_ser.serialize_field("dexContent", v)?;
         }
+        if let Some(v) = self.auction_content.as_ref() {
+            struct_ser.serialize_field("auctionContent", v)?;
+        }
         struct_ser.end()
     }
 }
@@ -664,6 +688,8 @@ impl<'de> serde::Deserialize<'de> for GenesisContent {
             "fundingContent",
             "dex_content",
             "dexContent",
+            "auction_content",
+            "auctionContent",
         ];
 
         #[allow(clippy::enum_variant_names)]
@@ -679,6 +705,7 @@ impl<'de> serde::Deserialize<'de> for GenesisContent {
             DistributionsContent,
             FundingContent,
             DexContent,
+            AuctionContent,
             __SkipField__,
         }
         impl<'de> serde::Deserialize<'de> for GeneratedField {
@@ -712,6 +739,7 @@ impl<'de> serde::Deserialize<'de> for GenesisContent {
                             "distributionsContent" | "distributions_content" => Ok(GeneratedField::DistributionsContent),
                             "fundingContent" | "funding_content" => Ok(GeneratedField::FundingContent),
                             "dexContent" | "dex_content" => Ok(GeneratedField::DexContent),
+                            "auctionContent" | "auction_content" => Ok(GeneratedField::AuctionContent),
                             _ => Ok(GeneratedField::__SkipField__),
                         }
                     }
@@ -742,6 +770,7 @@ impl<'de> serde::Deserialize<'de> for GenesisContent {
                 let mut distributions_content__ = None;
                 let mut funding_content__ = None;
                 let mut dex_content__ = None;
+                let mut auction_content__ = None;
                 while let Some(k) = map_.next_key()? {
                     match k {
                         GeneratedField::ChainId => {
@@ -810,6 +839,12 @@ impl<'de> serde::Deserialize<'de> for GenesisContent {
                             }
                             dex_content__ = map_.next_value()?;
                         }
+                        GeneratedField::AuctionContent => {
+                            if auction_content__.is_some() {
+                                return Err(serde::de::Error::duplicate_field("auctionContent"));
+                            }
+                            auction_content__ = map_.next_value()?;
+                        }
                         GeneratedField::__SkipField__ => {
                             let _ = map_.next_value::<serde::de::IgnoredAny>()?;
                         }
@@ -827,6 +862,7 @@ impl<'de> serde::Deserialize<'de> for GenesisContent {
                     distributions_content: distributions_content__,
                     funding_content: funding_content__,
                     dex_content: dex_content__,
+                    auction_content: auction_content__,
                 })
             }
         }
diff --git a/crates/proto/src/gen/penumbra.core.component.governance.v1.rs b/crates/proto/src/gen/penumbra.core.component.governance.v1.rs
index a6a86c12b5..59ede0ba17 100644
--- a/crates/proto/src/gen/penumbra.core.component.governance.v1.rs
+++ b/crates/proto/src/gen/penumbra.core.component.governance.v1.rs
@@ -1046,6 +1046,11 @@ pub struct ChangedAppParameters {
     /// DEX component parameters
     #[prost(message, optional, tag = "10")]
     pub dex_params: ::core::option::Option<super::super::dex::v1::DexParameters>,
+    /// Auction module parameters.
+    #[prost(message, optional, tag = "11")]
+    pub auction_params: ::core::option::Option<
+        super::super::auction::v1alpha1::AuctionParameters,
+    >,
 }
 impl ::prost::Name for ChangedAppParameters {
     const NAME: &'static str = "ChangedAppParameters";
diff --git a/crates/proto/src/gen/penumbra.core.component.governance.v1.serde.rs b/crates/proto/src/gen/penumbra.core.component.governance.v1.serde.rs
index 7782c8ea80..a531d38884 100644
--- a/crates/proto/src/gen/penumbra.core.component.governance.v1.serde.rs
+++ b/crates/proto/src/gen/penumbra.core.component.governance.v1.serde.rs
@@ -248,6 +248,9 @@ impl serde::Serialize for ChangedAppParameters {
         if self.dex_params.is_some() {
             len += 1;
         }
+        if self.auction_params.is_some() {
+            len += 1;
+        }
         let mut struct_ser = serializer.serialize_struct("penumbra.core.component.governance.v1.ChangedAppParameters", len)?;
         if let Some(v) = self.sct_params.as_ref() {
             struct_ser.serialize_field("sctParams", v)?;
@@ -279,6 +282,9 @@ impl serde::Serialize for ChangedAppParameters {
         if let Some(v) = self.dex_params.as_ref() {
             struct_ser.serialize_field("dexParams", v)?;
         }
+        if let Some(v) = self.auction_params.as_ref() {
+            struct_ser.serialize_field("auctionParams", v)?;
+        }
         struct_ser.end()
     }
 }
@@ -309,6 +315,8 @@ impl<'de> serde::Deserialize<'de> for ChangedAppParameters {
             "shieldedPoolParams",
             "dex_params",
             "dexParams",
+            "auction_params",
+            "auctionParams",
         ];
 
         #[allow(clippy::enum_variant_names)]
@@ -323,6 +331,7 @@ impl<'de> serde::Deserialize<'de> for ChangedAppParameters {
             FundingParams,
             ShieldedPoolParams,
             DexParams,
+            AuctionParams,
             __SkipField__,
         }
         impl<'de> serde::Deserialize<'de> for GeneratedField {
@@ -355,6 +364,7 @@ impl<'de> serde::Deserialize<'de> for ChangedAppParameters {
                             "fundingParams" | "funding_params" => Ok(GeneratedField::FundingParams),
                             "shieldedPoolParams" | "shielded_pool_params" => Ok(GeneratedField::ShieldedPoolParams),
                             "dexParams" | "dex_params" => Ok(GeneratedField::DexParams),
+                            "auctionParams" | "auction_params" => Ok(GeneratedField::AuctionParams),
                             _ => Ok(GeneratedField::__SkipField__),
                         }
                     }
@@ -384,6 +394,7 @@ impl<'de> serde::Deserialize<'de> for ChangedAppParameters {
                 let mut funding_params__ = None;
                 let mut shielded_pool_params__ = None;
                 let mut dex_params__ = None;
+                let mut auction_params__ = None;
                 while let Some(k) = map_.next_key()? {
                     match k {
                         GeneratedField::SctParams => {
@@ -446,6 +457,12 @@ impl<'de> serde::Deserialize<'de> for ChangedAppParameters {
                             }
                             dex_params__ = map_.next_value()?;
                         }
+                        GeneratedField::AuctionParams => {
+                            if auction_params__.is_some() {
+                                return Err(serde::de::Error::duplicate_field("auctionParams"));
+                            }
+                            auction_params__ = map_.next_value()?;
+                        }
                         GeneratedField::__SkipField__ => {
                             let _ = map_.next_value::<serde::de::IgnoredAny>()?;
                         }
@@ -462,6 +479,7 @@ impl<'de> serde::Deserialize<'de> for ChangedAppParameters {
                     funding_params: funding_params__,
                     shielded_pool_params: shielded_pool_params__,
                     dex_params: dex_params__,
+                    auction_params: auction_params__,
                 })
             }
         }
diff --git a/crates/proto/src/gen/proto_descriptor.bin.no_lfs b/crates/proto/src/gen/proto_descriptor.bin.no_lfs
index 08c1adaeae..6ffdd0c103 100644
Binary files a/crates/proto/src/gen/proto_descriptor.bin.no_lfs and b/crates/proto/src/gen/proto_descriptor.bin.no_lfs differ
diff --git a/proto/penumbra/penumbra/core/app/v1/app.proto b/proto/penumbra/penumbra/core/app/v1/app.proto
index be62b0b129..32f51d495f 100644
--- a/proto/penumbra/penumbra/core/app/v1/app.proto
+++ b/proto/penumbra/penumbra/core/app/v1/app.proto
@@ -1,6 +1,7 @@
 syntax = "proto3";
 package penumbra.core.app.v1;
 
+import "penumbra/core/component/auction/v1alpha1/auction.proto";
 import "penumbra/core/component/community_pool/v1/community_pool.proto";
 import "penumbra/core/component/dex/v1/dex.proto";
 import "penumbra/core/component/distributions/v1/distributions.proto";
@@ -58,6 +59,8 @@ message AppParameters {
   core.component.shielded_pool.v1.ShieldedPoolParameters shielded_pool_params = 10;
   // DEX module parameters.
   core.component.dex.v1.DexParameters dex_params = 11;
+  // Auction module parameters.
+  core.component.auction.v1alpha1.AuctionParameters auction_params = 12;
 }
 
 // Requests the global configuration data for the app.
@@ -97,4 +100,6 @@ message GenesisContent {
   core.component.funding.v1.GenesisContent funding_content = 10;
   // DEX component genesis state.
   core.component.dex.v1.GenesisContent dex_content = 11;
+  // Auction component genesis state.
+  core.component.auction.v1alpha1.GenesisContent auction_content = 12;
 }
diff --git a/proto/penumbra/penumbra/core/component/governance/v1/governance.proto b/proto/penumbra/penumbra/core/component/governance/v1/governance.proto
index eebc212283..f9ce96f9ea 100644
--- a/proto/penumbra/penumbra/core/component/governance/v1/governance.proto
+++ b/proto/penumbra/penumbra/core/component/governance/v1/governance.proto
@@ -3,6 +3,7 @@ package penumbra.core.component.governance.v1;
 
 import "google/protobuf/any.proto";
 import "penumbra/core/asset/v1/asset.proto";
+import "penumbra/core/component/auction/v1alpha1/auction.proto";
 import "penumbra/core/component/community_pool/v1/community_pool.proto";
 import "penumbra/core/component/dex/v1/dex.proto";
 import "penumbra/core/component/distributions/v1/distributions.proto";
@@ -452,6 +453,8 @@ message ChangedAppParameters {
   core.component.shielded_pool.v1.ShieldedPoolParameters shielded_pool_params = 9;
   // DEX component parameters
   core.component.dex.v1.DexParameters dex_params = 10;
+  // Auction module parameters.
+  core.component.auction.v1alpha1.AuctionParameters auction_params = 11;
 }
 
 message ChangedAppParametersSet {