Velo-Protocol
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Setup table credit

Parameters

In Testnet, we only support 3 currencies; SGD, THB and USD
Name
Description
Required?
Validation
assetCode
The name of your custom asset.
Yes
  • Unique for trusted partner.
  • Correct format (1-7 alphanumeric characters).
peggedCurrency
The currency you want to pegged this asset to.
Yes
  • Must be in [SGD, THB, USD].
peggedValue
The ratio of currency value vs 1 unit of custom asset.
Yes
  • Must be a positive number greater than 0 and has less than or equal to 7 decimal places.
CLI
$ gvel credit setup
Please input asset code: vTHB
Please input pegged value: 1
Please input pegged currency: THB
πŸ”‘ Please input passphrase: ****
πŸ’– Setting up stable credit
// Where GB... is the default account
Stable credit vTHB set up for account GB... successfully.
πŸ”— txHash is ${txHash}

What's next?

Now that you have set up your stable credit, go to Mint stable credit to mint it into existence!
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Parameters
What's next?