Redeeming stable credit

Parameters
Name
Description
Required?
Validation
assetCode
The asset code of price-stable credit that you want to redeem.
Yes
Already been setup
Correct format (1-7 alphanumeric characters)
issuer
The issuing account of the stable credit to be redeem.
Yes
Stellar account format
Issuing account of stable credit created in Velo system
amount
The amount of stable credit you which to exchange into VELO token.
Yes
Must be a positive number greater than 0 and has less than or equal to 7 decimal places 
CLI
1
$ gvel credit redeem
2
Please input amount of stable credit: 1000
3
 Please input asset code of credit to be redeemed : vTHB
4
🔑 Please input passphrase: ****
5
💖 Redeeming vTHB
6
Redeem successfully. You got XX VELO.
7
🔗 txHash is ${txHash}
Copied!
What's next?
You have now completed the flow of stable credit. Let's take a look at the price stablisation mechanism.

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Mint stable credit

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Rebalancing the Reserve and Collateral Pool

Last modified 1yr ago

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Contents

Parameters

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