📄️ Vaults
A vault is a smart coin in which XCH can be deposited and from which BYC can be borrowed. XCH deposited in a vault is referred to as collateral as it backs any BYC borrowed.
📄️ Liquidation
Coming soonTM
📄️ Savings
By depositing BYC into a savings vault, BYC holders can earn interest on their stablecoins. Interest accrues on the balance in the savings vault by the minute according to the prevailing Savings Rate (SR). The SR is shown as an annual percentage rate (APR), for example 4%.
📄️ Protocol Treasury
Coming soonTM