Setup stable credit

Inception of price stable credit

Parameters
In Testnet, we only support USD,SGD and THB
Name
Description
Required?
Validation
CollateralAssetCode
The collateral asset code
Yes
collateral asset code must be in collateralAssets
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.
GO SDK
GO SDK
package main
​
import (
	"context"
	"github.com/velo-protocol/DRSv1/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)
	}
​
	output, err := client.SetupCredit(context.Background(), &SetupCreditInput{
		CollateralAssetCode: "VELO",
		PeggedCurrency:      "USD",
		AssetCode:           "vUSD",
		PeggedValue:         "1.0",
	})
​
	if err != nil {
		panic(err)
	}
​
	log.Println("Transaction Hash: ", output.Tx.Hash().String())
	log.Println("Block Number: ", output.Receipt.BlockNumber.String())
	log.Println("Event.PeggedCurrency: ", output.Event.PeggedCurrency)
	log.Println("Event.PeggedValue: ", output.Event.PeggedValue)
	log.Println("Event.AssetCode: ", output.Event.AssetCode)
	log.Println("Event.CollateralAssetCode: ", output.Event.CollateralAssetCode)
	log.Println("Event.AssetAddress: ", output.Event.AssetAddress)
}
​
What's next?
Now that you have set up your stable credit, go to Mint price-stable credit to mint it into existence!

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Mint stable credit

Last updated 4 months ago

Name	Description	Required?	Validation
`CollateralAssetCode`	The collateral asset code	Yes	collateral asset code must be in collateralAssets
`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.