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

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!