Vaults

EpsiLoan Vaults represent a powerful tool for users looking to access liquidity against their collateral assets within the decentralized finance (DeFi) ecosystem. Let's delve into the key features and functionalities of EpsiLoan Vaults:

Single Vault per Ethereum Address: Each EpsiLoan Vault is linked to a specific Ethereum address, ensuring clarity and transparency in the borrowing process. Users can only have one Vault per Ethereum address for a given collateral type, streamlining the management of their borrowing activities.

Minimum Debt Requirement: To open a Vault, users are required to maintain a minimum debt of 2,000 yUSD. This threshold ensures that Vaults remain economically viable for both borrowers and the protocol, while also providing users with access to sufficient liquidity to meet their borrowing needs.

Dual Balance Management: Vaults maintain two balances: the collateral balance and the yUSD debt balance. Users have the flexibility to manage these balances according to their preferences and financial objectives. Whether adding or removing collateral assets or increasing or repaying debt, users have full control over their Vault balances.

Dynamic Collateral Ratio: The collateral ratio of a Vault fluctuates based on adjustments made to the collateral and debt balances. As users add or remove collateral assets or increase or repay debt, the collateral ratio of the Vault adjusts accordingly. This dynamic feature ensures that Vaults remain adequately collateralized and responsive to changes in market conditions.

Flexible Closure Option: Vaults can be closed at any time by fully paying off the debt associated with the Vault. This provides users with flexibility and autonomy, allowing them to exit their borrowing positions as needed without any restrictions or penalties.

In summary, EpsiLoan Vaults offer borrowers a flexible and transparent borrowing experience, allowing them to access liquidity against their collateral assets while maintaining control over their borrowing activities. With features such as a single Vault per Ethereum address, minimum debt requirements, dual balance management, dynamic collateral ratios, and flexible closure options, EpsiLoan Vaults empower users to navigate the DeFi landscape with confidence and efficiency.