> For the complete documentation index, see [llms.txt](https://docs.creditcoop.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.creditcoop.xyz/user-documentation/v2/participants-and-roles.md). # Participants & Roles The Credit Coop Protocol V2 has three participant types: Vault Depositors, Vault Curators, and Borrowers. Each interacts with the Protocol through the Interface in a distinct capacity. *** ### Vault Depositors Vault Depositors supply Digital Assets to Vaults through the Interface. Vaults are non-custodial pooled smart contract structures that allocate capital across Credit Lines and sources of liquid asset yield. CMBT Labs does not hold, control, or have access to deposited Digital Assets at any time. Upon deposit, Vault Depositors receive Vault Tokens representing their pro rata participation in the Vault. Vault Tokens are redeemable for the underlying stablecoin, subject to available liquidity in the Vault. *** ### Vault Curators Vault Curators manage a Vault by determining how capital is allocated across Credit Lines and sources of liquid asset yield. Curator responsibilities include: * Approving borrower deployments within the Vault * Setting facility parameters, including credit limits and collateral requirements * Processing deposit and redemption requests CMBT Labs does not exercise discretion over capital allocation decisions made by Curators. All Curator actions are executed via smart contracts. Curator obligations are further governed by any applicable Vault Curator Agreement. *** ### Borrowers Borrowers access Digital Assets through one or more Credit Lines via the Interface. **As a Borrower, you are solely responsible for:** * Setting collateral and Credit Line parameters in line with the risks you are willing to accept * Monitoring the Collateral Ratio of each Credit Line on an ongoing basis * Repaying each Credit Line in full before its Due Date To avoid liquidation, you may need to deposit additional Collateral and/or repay from Reserves if your Collateral Ratio approaches the applicable minimum threshold. If the Collateral Ratio falls below that threshold, liquidation of Collateral and Reserves will be authorised in accordance with the liquidation mechanics described in the Servicer & Liquidation section. Borrowers may also configure Revenue Contracts as a repayment source through the Spigot smart contract. > **Important:** All transactions executed through the Interface are irreversible and final. You are responsible for carrying out your own due diligence before interacting with the Protocol. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.creditcoop.xyz/user-documentation/v2/participants-and-roles.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.