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Mint PAR
You have the possibility to "mint" PAR against a collateral, for this you will have to create your vault with your corresponding collateral (You have the choice between 6 different collaterals on 3 different chains).
Parallel uses vaults for you to deposit your assets. Your vaults are safe, unique, and your assets are never loaned out.
At first, click on "activate" to approve the creation of your new vault.
Activate button
Once activate, you can "create" your vault and deposit your collateral and choose how much PAR you want to mint against your collateral.
Create a Vault and Mint PAR
Keep in mind that a strategy that works well at a given time may perform poorly (or make you lose money) at another time. Please stay informed, monitor the markets, keep an eye on your collateral, and as always, do your own research.
Your vault
By clicking on "Manage", you will have more further information about your vault like returning your PAR, Mint more PAR, withdraw your Collateral or deposit more collateral.
Manage Vault
Last modified 4d ago