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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.

USING SDK - Previous

Mint stable credit

Next - USING SDK

Rebalancing the Reserve and Collateral Pool

Last modified 3yr ago

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