1. Full Liquidation
Cross Margin Mode: When a user's maintenance margin is less than the requirement of the tier , the position will be closed at its bankruptcy price (at which all margins are lost) and taken over by the liquidation engine.
2. Insurance Fund
When liquidation is triggered, the liquidation engine will take over the position at the bankruptcy price, and the liquidation profit generated will be injected into the insurance fund.
When liquidation is triggered, margin call loss will first be covered by the insurance fund.