IV Architecture
Inception Vault Architecture
The Inception Vault is built on top of the existing MIMO protocol. It leverages and reproduces existing logic such as :
- Deposit
- Borrow
- Repay
- Withdraw
- Liquidate
The main differences between the inception vault mechanics and the MIMO protocol are the following :
- PARs are lent not minted
- PARs and repaid not burned
- Debt limit is not configured but defined by the
AdminInceptionVaultPAR balance
The owner deploys all 3 Inception Vault contracts by calling the
cloneInceptionVault() function from the InceptionVaultFactory :Users and liquidators will only interact with the InceptionVaultsCore.
Last modified 9mo ago