Opening a vault
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As of July 2021, the Parallel Protocol Vaults supports the following collateral assets: WETH, WBTC, and USDC.
To create a vault and deposit WETH collateral equal to DEPOSIT_AMOUNT
to it, follow these steps:
Approve the collateral ERC20 asset (WETH) to the equal to at least the DEPOSIT_AMOUNT
.
Call the VaultsCore.deposit()
function with the desired collateral address and deposit amount.
You can view your vault details from the VaultsCore.vaults()
view function.
Each Vault has the following information: