The pit boss will be x=1, in the automated standard. That means is trades the least, but has the highest priority. The lock in contract publishes the contract and current skew, savers and borrowers are running cash in advance and watching the public state. It will be quite a few trades before the pit boss needs a swap, if done right. All it does is construct the optimum portfolio of deposits, loans, and market risk. Given two Huffman binomials, the skew difference is a graph traversal with scale. Apply the swap needed, and S/L will operate at the point of maximum liquidity, prices and price changes will produce the greatest acceleration.
That second derivative is what keeps the pit boss in bounds. When it has highest priority then it jumps in front of the line, so to speak. It is why Coinbase is rich and I am not.
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