Chests

A Chest is where you initiate and manage your loan. Each Chest is associated with an Erc20 address, and each address can only have one Chest per collateral type. If you are familiar with Vaults or CDPs on other platforms, Chests share a similar conceptual framework.

Chests maintain two balances: one consists of assets serving as collateral, and the other represents a debt denominated in USDs. You can modify the amounts of each by adding collateral or repaying debt. As you make adjustments to these balances, the collateral ratio of your Chest changes accordingly. You have the flexibility to close your Chest at any time by fully repaying your debt.