Paravel is changing the business its vaults conduct. The vaults previously deployed capital into automated on-chain yield strategies. They are moving to real-world credit — specifically PayFi, meaning short-duration lending against cross-border payment flows.
This is a material change to what the vaults hold and to the risks of participating in them. The documentation previously published here described the earlier strategy-based product and no longer describes how the vaults operate. It has been withdrawn rather than left in place, because leaving an inaccurate description available would be worse than publishing nothing.
In particular, readers should not rely on anything previously published here concerning:
- the strategies or assets a vault holds;
- performance targets, yield targets, or loss limits;
- the availability or timing of withdrawals; or
- the extent to which the arrangement is non-custodial.
Each of these has changed.
Where to look instead
The operative documents
The Paravel Vault Participation Terms and the Paravel Interface Terms of Use govern participation in a vault and use of the interface. They are the operative documents, and they prevail over anything published here or previously published here.
Replacement documentation will be published alongside them.