0
![](https://i.seadn.io/s/raw/files/dfe65c2b28eb4665d875e45c40a68e2a.png?auto=format&dpr=1&w=1000)
A promissory note minted by the protocol which represents the rights and obligations of a borrower in an active loan. The holder of a borrower note has the right to receive collateral upon repaying a loan. Borrower note holders can also call utility functions on vaults escrowed under their loan.
A promissory note minted by the protocol which represents the rights and obligations of a borrower in an active loan. The holder of a borrower note has the right to receive collateral upon repaying a loan. Borrower note holders can also call utility functions on vaults escrowed under their loan.