TaoBank
  • TaoBank overview
    • Problem Statement
    • How TaoBank Stands Out
  • Protocol
    • Our stablecoin: taoUSD
    • Minting $taoUSD
    • Vaults
      • Issuance Fee
    • Redemptions
    • Liquidations
    • Oracles
  • Tokenomics
    • Our revenue sharing token: TBANK
  • Future Roadmap (February 2025 Update)
    • CEX Listings (Ongoing)
    • Enhanced Liquidity Partnerships (Ongoing)
    • New products (Ongoing)
    • Governance and Community Engagement (Ongoing)
    • Expansion to Bittensor (Q1 2025)
    • Expansion to Solana (Q1-Q2 2025)
    • Liquid Staking Derivatives for Dynamic TAO (Q2–Q3 2025)
    • Maximizing Staking Returns for wTAO Holders (Ongoing)
  • Official Links
    • Twitter
    • Website
    • Telegram
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  1. Protocol

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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Last updated 1 year ago