Velo-Protocol
  • Welcome to Velo-Protocol
  • 🏀 GETTING STARTED
  • Prerequisite
  • Architecture
  • 🏀 BASE CONCEPTS
    • DRS Mechanism
    • Setup stable credit
    • Mint stable credit
    • Redeem stable credit
    • Rebalancing the Reserve and Collateral Pool
  • 🏀 USING CLI
    • Using CLI
    • Setup table credit
    • Mint stable credit
    • Redeeming stable credit
    • Rebalancing the Reserve and Collateral Pool
  • 🏀 USING SDK
    • Using SDK
    • Setup stable credit
    • Mint stable credit
    • Redeeming stable credit
    • Rebalancing the Reserve and Collateral Pool
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  1. BASE CONCEPTS

Setup stable credit

PreviousDRS MechanismNextMint stable credit

Last updated 4 years ago

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In the DRS, Trusted Partners follow the specified workflow to create new types of stable credit that can are pegged to a fiat currency. Stable credits are tied to and controlled by the original issuing Trusted Partner.

The information required is:

1. The name of the stable credit

2. The fiat currency which the digital credit is pegged to

3. The pegged value of the stable credit to the fiat currency

4. The collateral asset

Workflow

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