Credits
Credits named by the venue, paid in its coin.
How it works
Each venue names its own credits and sets the redemption terms. Quote in band and the program accounts them. Redeem on Makerbook at the rate Factory published, in that venue's coin.
| Term | What the venue sets |
|---|---|
| Ticker | The name on the credit. Harbour paying HBR is the venue's choice. |
| Coin per credit | The redemption rate. Redeem shows this coin. |
| Min credits | The balance required before redeem is offered. |
| Cliff | The wait after earn. Zero means redeem is open as soon as the minimum is met. |
Redemption
If the venue has no coin on the record, Redeem shows "Collateral not set" and the action stays hidden.
A fill Router has stored becomes a credit line for that maker: the amount, the venue's coin, and the transaction reference. Rewards writes no new line for a blocked maker, a blocked settlement address, or a paused venue.