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Clear answers about Paravel, vault participation, fees, withdrawals, and the risks of PayFi lending.
You do. Paravel does not hold your private keys, cannot access your wallet, and cannot recover it if you lose access. Nobody can.
The Interface is — it doesn't touch your wallet. But assets you deposit into a Vault leave your control: they are held by or for the Issuer and deployed at the Issuer's discretion, including off-chain. We draw this distinction carefully because conflating the two would be misleading.
Certain functions are controlled by multi-signature wallets and role-based authorities. The people authorised to operate them can pause functions, authorise transactions, change parameters and effect upgrades. Some are Paravel personnel; some may be unaffiliated third parties.
Your responsibility entirely, and the treatment is uncertain and depends on your circumstances. Take your own advice. We don't provide tax advice or withhold on your behalf.
Yes, but material amendments — including anything touching valuation, fees, redemption or compulsory redemption — require not less than 30 days' notice, published on the Interface and emailed where we have your details. You can redeem before a material change takes effect. Nothing applies to a dispute already in arbitration or a redemption request already submitted.
We publish notice, stop accepting deposits, suspend ordinary redemption, realise the assets in an orderly way, pay the liabilities and distribute what's left pro rata.
Realising loans takes time. Distributions may come in instalments, and a reserve may be held back against contingent liabilities and wind-down costs.
Contact legal@paravel.xyz first — there's a mandatory 30-day informal resolution step before anything else. After that, disputes go to individual arbitration, with a class action waiver. You can opt out of the arbitration clause within 30 days of first connecting a wallet or accepting the terms. Claims must be brought within one year.