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Borrowing

Borrowers can repay or borrow more PAR at any time, within the limits of the MCR. Borrowing alters the total supply of outstanding PAR. When one borrows, the Vaults contract mints new PAR tokens for them.
Borrowers can continue to mint PAR as long as they deposit a greater value of collateral in their vault. This guarantees that all outstanding PAR are fully backed by sufficient collateral.
Last modified 8mo ago