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  1. Parallel Protocol
  2. Classic Vaults

Repaying

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Last updated 1 year ago

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Vault owners are recommended to keep their collateral ratios well above the MCR and LR to avoid liquidations despite collateral price changes. One way to maintain a high collateral ratio is to regularly repay vault debt.

Users can repay their vault debt partially or fully at any point by redeeming PAR/paUSD tokens. PAR/paUSD tokens used to repay debt are burned, removing them from circulation.