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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.
A Borrower's Vault goes through the following phases:
- Funding
- Approval
- Lending
- Completed
- Closed
- Default
Last modified 8mo ago