Comment on page
Redeem stable credit
- 1.Asset code (digital credit name)
- 2.Amount to be exchanged
- 1.The amount of digital credit.
- 2.The current exchange rate between the pegged currency of the fiat credit,VELO and pegged value.
- 3.The collateral ratio of the collateral backing the digital credit.The formula used for calculation is similar to the one we use for mint, but there is no fee involved (i.e. fee = 0):