Trilobyte
  • 📖Trilobyte Documentation
  • User Docs
    • Introduction
      • What problem is the protocol trying to address?
      • Use case examples
    • Vault Overview
    • For Borrowers
      • The Vault phases
        • The Funding Phase
        • The Approval phase
        • The Lending Phase
        • The Completed Phase
        • The Closed Phase
        • The Default Phase
      • Receiving a loan
    • For Investors
      • Loan financing
      • Withdrawals
    • Vault payments
    • Protocol Revenue and Fees
    • Default Procedure
    • Governance
  • TECHNICAL DOCS
    • Smart Contract Architecture
  • Stellar futurenet tests
    • Freighter wallet
    • Testing information
    • Testing deposits and withdrawals for a Vault in Funding status
    • Testing approval and withdrawal of a loan by the borrower
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  2. For Borrowers

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

PreviousFor BorrowersNextThe Funding Phase

Last updated 2 years ago