Vaults
A Vault is a smart contract used to issue and manage $taoUSD loans.
The TaoBank protocol supports $wTAO collateral Vaults, allowing users to utilize their $wTAO.
The Vault maintains two balances: one is the asset ($wTAO tokens) acting as collateral and the other is a debt denominated in $taoUSD. Modifying those balances by adding collateral or repaying debt changes the Vault’s health factor accordingly.
Vaults can be closed at any time by fully paying off the debt
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