Velo-Protocol
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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)
RedeemAmount
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
GO SDK
package main
​
import (
"context"
"github.com/velo-protocol/DRSv2_Evrynet/libs/vclient"
"log"
)
​
func main() {
​
client, err := vclient.NewClient("<evrynet rpc>", "<account private key>", ContractAddress{
DrsAddress: "<drs address>",
HeartAddress: "<heart address>",
})
if err != nil {
panic(err)
}
​
result, err := client.RedeemStableCredit(context.Background(), &RedeemStableCreditInput{
RedeemAmount: "1000",
AssetCode: "vUSD",
})
if err != nil {
panic(err)
}
log.Println("Redeem Stable Credit Transaction Hash: ", result.Tx.Hash().String())
log.Println("Asset Code: ", result.Event.AssetCode)
log.Println("Stable Credit Amount: ", result.Event.StableCreditAmount)
log.Println("Collateral Asset Address: ", result.Event.CollateralAssetAddress)
log.Println("Collateral Asset Code: ", result.Event.CollateralAssetCode)
log.Println("Collateral Amount: ", result.Event.CollateralAmount)
}
​

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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Parameters
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