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 AdminInceptionVault PAR 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.