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High-Level Overview
Learn how reprise.fi works
- Deposit Collateral
- User deposits 1,000 USDC into a reprise.fi vault on Ink.
- Contract locks the USDC and records the balance.
- Borrow [rUSD]
- User borrows 500 [rUSD] (50% of collateral).
- Contract mints and delivers 500 [rUSD], logging the debt.
- Yield Generation
- Collateral earns yield (e.g., 5% APY) via Yearn or Aave on Ink.
- Yield accrues in the background.
- Automatic Debt Repayment
- Yield (e.g., 10 USDC/month) is harvested and burns 10 [rUSD] debt.
- Debt drops (e.g., 500 to 490 [rUSD]), visible in the UI.
- Withdraw or Adjust
- User can withdraw excess collateral, borrow more, or repay manually.
- Contract adjusts and releases funds as needed.
- Ongoing Cycle
- Yield keeps reducing debt until zero, freeing all collateral.
- System runs smoothly on Ink’s scalable infrastructure.