Vaults

Twyne is built on top of existing lending markets and serves as a trustless supplementary layer for lenders, borrowers, and applications.
At its core, Twyne’s infrastructure revolves around two specialized vault types:

Vault Types

Credit Vault

• Aggregates excess collateral from all participating Credit LPs.
• Acts as the shared pool of borrowing power available for delegation.
• Issues new receipt tokens (e.g., twyne_euler_USDC) to Credit LPs, reflecting their share of the vault.

Collateral Vault

• A dedicated vault for each borrower.
• Holds the borrower’s own collateral (e.g., euler_USDC).
• Allows borrowers to reserve credit from the Credit Vault