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  • Nunchi Introduction
  • Nunchi Product Catalog
    • 3-Month U.S. T-Bill Yield Perpetual
    • Hyperliquid BTC-Perp Funding-Rate Perpetual
    • mETH / ETH Basis Perpetual
  • Nunchi Engine: Core Concepts
    • Hybrid Execution Model (CLOB / AMM)
    • The Multi-Tranche LP Vault & Waterfall
    • The Yield-Aware Funding Mechanism
    • Dynamic Leverage Framework
  • Risk Management & Security
    • Oracle Security Framework
    • Liquidation Engine & The Keeper Network
    • Insurance Fund & Backstops
  • Nunchi Trading Simulator: User Guide
    • Connecting your Wallet in the Arena
    • Navigating the Trading Interface
      • Market Orders
      • Limit Orders
      • Leverage
      • Collateral
      • Confirming Your Order
    • Navigating the Analysis Interface
      • Chart Panel
      • Orderbook Panel
    • Account Management
      • Balances
      • Open Orders
      • Positions
        • Managing Trades: Take-Profit (TP) & Stop-Loss (SL)
        • Closing Positions: Full & Partial Exits
    • Historical Data
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  1. Risk Management & Security

Liquidation Engine & The Keeper Network

Our liquidation engine is designed to be efficient and decentralized, powered by a permissionless keeper network.

  • Process: When an account's collateral falls below its Maintenance Margin requirement, it is flagged. Any external keeper can then trigger a partial liquidation, closing just enough of the position to return the account to a safe margin level.

  • Incentives: Keepers are rewarded with a percentage of the liquidated collateral, creating a competitive market that ensures the protocol's health.

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Last updated 20 days ago