Borrowing

Borrowers can repay or borrow more PAR at any time, within the limits of the MCR. Borrowing alters the available PAR in the AdminInceptionVault contract. When one borrows, the Vaults contract transfers PAR from the AdminInceptionVault contract to the borrower.

Borrowing PAR

Borrowers can continue to borrow PAR as long as they deposit a greater value of collateral in their vault and within the limit of the AdminInceptionVault PAR balance. This guarantees that all borrowed PAR are fully backed by sufficient collateral.