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
CLI
$ gvel credit redeem
Please input amount of stable credit: 1000
Please input asset code of credit to be redeemed : vTHB
🔑 Please input passphrase: ****
💖 Redeeming vTHB
Redeem successfully. You got XX VELO.
🔗 txHash is ${txHash}

What's next?

You have now completed the flow of stable credit. Let's take a look at the price stablisation mechanism.