Borrow and Repay

Debt positions, user_borrow, repay from margin or wallet, deposit-and-borrow.

user_open_debt_position / user_close_debt_position

Open once per (margin, reserve). Close when shares are zero.

user_borrow(assets, max_debt_shares)

Accrue. Transfer cash to the margin vault. Mint debt shares ≤ max_debt_shares. Full-set health > 1.1.

user_repay_from_margin(max_assets, repay_all)

Burn shares from vault cash.

public_repay_from_wallet(max_assets, repay_all)

Anyone pays. Useful when the vault is stuck in another asset.

user_deposit_and_borrow(deposit_amount, borrow_amount, max_debt_shares)

Atomic composite. Perps open uses this plus swap in the same transaction on the client.