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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  • Parameters
  • What's next?

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  1. USING CLI

Mint stable credit

Parameters

Name

Description

Required?

Validation

assetCodeToBeIssued

The asset code of price-stable credit that you want to mint.

Yes

  • Already been setup

  • Correct format (1-7 alphanumeric characters)

collateralAmount

The amount of collateral that you which to exchange into the stable credit.

Yes

  • Must be a positive number greater than 0 and has less than or equal to 7 decimal places 

$ gvel credit  mint-by-collateral
Please input asset code of credit to be minted: vTHB
Please input amount of collateral: 100
🔑 Please input passphrase: ****
💖 Minting stable credit
100 vTHB minted successfully. The stable credit is in GF...
🔗 txHash is ${txHash}

What's next?

You now have stable credit. Play around with it! When you are ready, you can redeem the collateral back.

PreviousSetup table creditNextRedeeming stable credit

Last updated 4 years ago

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