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!