User documentation
The Para app is available at https://app.paraFinance.com. With ParaApp, you can borrow or lend assets at a fixed rate for a fixed term. You can also provide liquidity using the Para app to earn fees from other users seeking to borrow. At its core, Para is a user-owned vault representing a collateralized debt position. Each vault is associated with a single collateral and liability in a single series. A collection represents a single borrowable asset with a defined maturity date. Each series corresponds to an ERC-20 fyToken. For example, Alice may have a vault with ETH collateral and a USDT series debt on September 25, 2021, which represents an obligation to repay the USDT on that date.
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