Operational descriptions

This section contains a breakdown of the logic and calculations in various aspects of Checker.

Contents:

• System Parameters
  • State
  • Initialization
  • Price API
  • Adjustment index
  • Touching
  • Misc
• Burrow State & Liquidation
  • State
  • Touching
  • Is a burrow collateralized (i.e. not overburrowed)?
  • Is a burrow a candidate for liquidation?
  • How much collateral should we liquidate?
  • Was the liquidation warranted?
  • What if the liquidation was warranted?
  • Misc
• Liquidation Auctions
  • State
  • Initiating a liquidation
  • Cancelling a liquidation slice
  • Lot auction
  • Touching a liquidation_slice
  • Claiming a winning bid
  • Maintenance
• CFMM subsystem
  • State
  • Initialization
  • General notes on the interfaces
  • Adding liquidity
  • Removing liquidity
  • Buying Kit
  • Selling Kit
  • Misc