Struct baru::loan::CollateralContract[][src]

pub struct CollateralContract { /* fields omitted */ }
Expand description

Contract defining the conditions under which the collateral output can be spent.

It has a “liquidation branch” which allows the lender to claim all the collateral for themself if the timelock expires. The lender must identify themself by providing a signature on lender_pk.

It also includes a “repayment branch” which allows the borrower to repay the loan to reclaim the collateral. The borrower must identify themself by providing a signature on borrower_pk. To ensure that the borrower does indeed repay the loan, the script will check that the spending transaction has the repayment_principal_output as vout 0.

Additionally, the contract can be spent by providing a signature (and the corresponding message) from a valid oracle proving that the price of the collateral has dropped below a threshold determined at contract creation time.

Implementations

Get a reference to the collateral contract’s timelock.

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