Credit Account
Last updated
Last updated
A Credit Account in the Moar protocol is implemented as a resource account, a special type of account in the Aptos blockchain. Each Credit Account is associated with a user and serves as a container for all the assets and liabilities related to that user's borrowing activities.
Key features of a Credit Account include:
It can hold multiple assets as collateral.
It can borrow from multiple pools simultaneously.
All assets and debts associated with a user's lending and borrowing activities are stored within this account.
The health of a Credit Account is constantly monitored to ensure it maintains a positive balance between assets and liabilities.
Being a resource account, it can interact with other protocols and execute transactions autonomously, guided by the rules set in the Moar protocol.
You can view whitelisted contracts here: Protocols.