Market liquidation
The contract sets a liquidation threshold when a position opens. Reaching it can close the position automatically. At 1000×, the current threshold is roughly a 0.05% move against the position; use the exact liquidation price displayed on your position.
Do not treat the remaining collateral balance as guaranteed recoverable margin after a threshold has been crossed. Execution and confirmed state determine the result.
Backing-triggered closes
For positions requiring backing, the current USD value of locked $SDICE must cover their combined opening bet values. If coverage falls short, the system closes those positions oldest first until coverage is sufficient.
Backing cannot be unlocked while positions protected by it remain open. SOL, USDC and primary-token bets do not consume that backing capacity.
Who submits automatic closes?
A keeper observes prices and submits eligible closes. The contract enforces the checks. Keeper or network interruptions can delay submission; automatic does not mean immune to downtime.