🚰LiquityRedeem

Description

Action ID: 0xd89acd5c

Redeems ETH(wrapped) using LUSD with the target price of LUSD = 1$

SDK Action

    const liquityRedeemAction = new dfs.actions.liquity.LiquityRedeemAction(
        truncatedLUSDamount,
        from,
        to,
        firstRedemptionHint,
        upperHint,
        lowerHint,
        partialRedemptionHintNICR,
        0,
        maxFeePercentage,
    );

Contract

This is a DFS STANDARD_ACTION.

The address from which we are pulling LUSD must approve proxy to pull tokens

if lusdAmount is uint.max supply whole balance of LUSD

Input:

    /// @param lusdAmount Amount of LUSD to redeem for
    /// @param from Address from which to pull LUSD
    /// @param to Address that will receive redeemed ETH
    /// @param firstRedemptionHint hints at the position of the first Trove that will be redeemed from,
    /// @param upperPartialRedemptionHint hints at the nextId neighbor of the last redeemed Trove upon reinsertion, if it's partially redeemed
    /// @param lowerPartialRedemptionHint hints at the prevId neighbor of the last redeemed Trove upon reinsertion, if it's partially redeemed
    /// @param partialRedemptionHintNICR  ensures that the transaction won't run out of gas if neither _lowerPartialRedemptionHint nor _upperPartialRedemptionHint are valid anymore
    /// @param maxIterations The number of Troves to consider for redemption can be capped by passing a non-zero value as _maxIterations, while passing zero will leave it uncapped
    /// @param maxFeePercentage The borrower has to provide a _maxFeePercentage that he/she is willing to accept in case of a fee slippage
    struct Params {
        uint256 lusdAmount;
        address from;
        address to;
        address firstRedemptionHint;
        address upperPartialRedemptionHint;
        address lowerPartialRedemptionHint;
        uint256 partialRedemptionHintNICR;
        uint256 maxIterations;
        uint256 maxFeePercentage;
    }

Return value:

return bytes32(ethRedeemed);

Events:

emit ActionEvent("LiquityRedeem", logData);

logger.logActionDirectEvent("LiquityRedeem", logData);