Risk Engine
Real-Time Monitoring
- Continuous position tracking 
- Margin requirement calculations 
- Liquidation trigger detection 
Liquidation Process
- Mark price breach detection 
- Partial liquidation attempt 
- Full liquidation if necessary 
- Insurance fund utilization 
- Backstop auction (if needed) 
Funding Payments
- Continuous accrual based on mark-to-index premium 
- Settled in batch intervals 
- Fair rate calculations 
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