Withdrawing involves redeeming PAR for the underlying collateral. When redeemed, the system burns PAR tokens to repay a vault’s debt. This debt includes any borrowing fees that has accrued on the vault over time.
Users can withdraw their collateral whenever they wish as long as it does not decrease the Vault’s health factor below the minimum amount determined by the MCR. Withdrawing is limited to the Vault’s owner.
Last modified 11mo ago