Terms and Terminologies
To explain how these mechanisms work, there are some keywords that need to be described:
The person who does liquidation when some of the minters' positions fall below the maintenance margin.
The assets that are used to represent the value of other assets.
The ratio between the collateral value and the oracle price.
The minimum margin level that can be used when minting new assets.
The minimum margin level that the user is safe from liquidation. If the margin falls below the maintenance margin, then the minter is subject to liquidation.