The Vault phases

Vaults are smart contracts created and linked to Borrowers to attract working capital finance from Investors participating in the protocol. In the protocol, one Borrower can have multiple Vaults, but a Vault can only belong to a single Borrower.

What are different Vault phases?

A Borrower's Vault goes through the following phases:

• Funding

• Approval

• Lending

• Completed

• Closed

• Default