Ceitnot Protocol is a decentralized system designed to manage collateral and execute automated liquidations. It utilizes a mechanism called the Siphon to handle asset transfers during liquidation events. An Internal Risk Module (IRM) is integrated to assess and manage risk factors within the ecosystem. Governance of the protocol is conducted through a decentralized framework where stakeholders can propose and vote on changes. The system aims to maintain stability by adjusting parameters dynamically based on market conditions.
