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
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package main
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​
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import (
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	"context"
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	"github.com/velo-protocol/DRSv2_Evrynet/libs/vclient"
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	"log"
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)
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​
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func main() {
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​
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  client, err := vclient.NewClient("<evrynet rpc>", "<account private key>", ContractAddress{
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		DrsAddress:   "<drs address>",  
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		HeartAddress: "<heart address>", 
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	})
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	if err != nil {
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		panic(err)
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	}
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​
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	result, err := client.RedeemStableCredit(context.Background(), &RedeemStableCreditInput{
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		RedeemAmount: "1000",
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		AssetCode:    "vUSD",
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	})
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	if err != nil {
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		panic(err)
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	}
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	log.Println("Redeem Stable Credit Transaction Hash: ", result.Tx.Hash().String())
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	log.Println("Asset Code: ", result.Event.AssetCode)
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	log.Println("Stable Credit Amount: ", result.Event.StableCreditAmount)
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	log.Println("Collateral Asset Address: ", result.Event.CollateralAssetAddress)
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	log.Println("Collateral Asset Code: ", result.Event.CollateralAssetCode)
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	log.Println("Collateral Amount: ", result.Event.CollateralAmount)
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}
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​
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What's next?
You have now completed the flow of stable credit. Let's take a look at the price stablisation mechanism.

USING SDK - Previous

Mint stable credit

Next - USING SDK

Rebalancing the Reserve and Collateral Pool

Last modified 1yr ago

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Parameters

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