Bad Debt Mutualization
Meaning ⎊ Mechanism for distributing platform losses among users when insurance reserves are insufficient to cover bankrupt accounts.
Smart Contract State
Meaning ⎊ The current data and variables stored by a smart contract that reflect its ongoing status on the blockchain.
Smart Contract Solvency Invariants
Meaning ⎊ Smart Contract Solvency Invariants are the deterministic rules that ensure a decentralized protocol maintains sufficient collateral for all obligations.
