What Happens When Elon Closes?

Piting mechanism is very similar to a sft a contract for difference. So you post a collateral in the form of dolars, and then you issue a synthetic that is supposed to follow some price ofsome something. And then if the price of the asset that you issued goes over some sort of collateralization ratio, then you get liquidated. Right now we're adding different tipes of collateral, like luna and a us t.