# Protocol

- [Arcadia DeFi Accounts](/protocol/arcadia-defi-accounts.md): Technical details of Arcadia DeFi Accounts: Factory contract, Account versions, Spot vs Margin accounts, deposit/withdrawal mechanics, and ownership model.
- [Flash Actions](/protocol/flash-actions.md): Flash Actions enable atomic multi-step DeFi operations within Arcadia Accounts: leverage, deleverage, rebalance, and refinance in a single transaction without risk of bad debt.
- [Arcadia Creditors](/protocol/arcadia-creditors.md): Arcadia Creditors: how lending pools and other creditors integrate with Arcadia Accounts, risk parameters, and the creditor interface.
- [Margin Calculations](/protocol/margin-calculations-and-requirements.md): How Arcadia calculates margin requirements: collateral value, liquidation value, collateral factors, liquidation factors, and health factor computation.
- [Liquidations](/protocol/liquidations.md): Arcadia liquidation mechanism: Dutch auction for unhealthy Margin Accounts, partial liquidations, health factor triggers, auction dynamics, and liquidation bot integration.
- [Asset Managers](/protocol/asset-managers.md): Asset Managers overview: permissionless, permissioned, and custodial automation for Arcadia Accounts — Compounders, Rebalancers, Yield Claimers, CoW Swapper, and Merkl Operators.
- [Compounders](/protocol/asset-managers/compounders.md): Compounders: immutable, permissionless Asset Managers that auto-compound concentrated liquidity fees. Properties, fee structure, and link to technical deep dive.
- [Rebalancers](/protocol/asset-managers/rebalancers.md): Rebalancers: non-custodial permissioned Asset Managers that auto-rebalance concentrated liquidity positions. Trust assumptions, strategies, hook system, fee tiers, rate limits, and stAAA benefits.
- [Yield Claimers](/protocol/asset-managers/yield-claimers.md): Yield Claimers: Asset Managers that claim staking rewards and yield from liquidity positions and send them to a designated recipient.
- [Merkl Operators](/protocol/asset-managers/merkl-operators.md): Merkl Operators: Asset Managers that automatically claim Merkl rewards from liquidity incentive campaigns and send them to a receiver set by the Account Owner.
- [CoW Swapper](/protocol/asset-managers/cow-swapper.md): CoW Swapper: trustless MEV-protected ERC20-to-ERC20 swaps within Arcadia Accounts via CoW Protocol batch auctions. Use cases include compounding staking rewards, take profit, debt repayment, and stop
- [Asset Pricing](/protocol/asset-pricing.md): How Arcadia prices assets on-chain: the Registry, Oracle Modules, Primary and Derived Asset Modules, and recursive decomposition of composed assets like staked LP positions.
- [Fees](/protocol/fees.md): Arcadia Protocol fee structure: yield success fees, swap fees, initiator fees, and how stAAA holdings reduce fees.