Operations

Operations covers the off-chain components that support the Diffusal protocol.

Keeper Operations

Keepers are automated agents that perform essential protocol maintenance:

• Price Snapshots: Recording oracle prices for settlement
• Settlement Triggers: Executing settlements at expiry
• Liquidations: Processing margin and settlement readiness liquidations

Market Maker Operations

Market Makers provide liquidity to the protocol:

• MMM privileges and exemptions
• Portfolio management patterns
• Pre-trade validation
• Risk management guidelines

Backend Operations

Backend covers server operations:

• Pre-trade margin validation
• Settlement readiness checks
• Keeper coordination
• Data indexing

Architecture

The operations layer sits between users and the blockchain:

┌─────────────┐     ┌─────────────┐     ┌─────────────┐
│    Users    │────▶│   Backend   │────▶│   Chain     │
└─────────────┘     └─────────────┘     └─────────────┘
                           │
                    ┌──────┴──────┐
                    ▼             ▼
              ┌─────────┐   ┌─────────┐
              │ Keepers │   │  Index  │
              └─────────┘   └─────────┘

Related

• Backend Architecture - Server architecture
• Protocol Design - On-chain protocol
• Liquidation - Liquidation mechanics