Funding
In order to use your Chainflip account, you need to fund it.
Fund and redeem via State Chain Gateway
As explained in the State Chain Overview, the StateChainGateway contract has two main entry points for those looking to interact with the protocol:
- Funding a State Chain account with $FLIP tokens
- Redeeming $FLIP tokens from a State Chain account
Funding a State Chain account
Users can fund a State Chain account by making a smart contract call and providing an amount of $FLIP to be locked in the contract. Tokens need to be approved first by the user to be transferred by the contract.
| Param | Description | Data type |
|---|---|---|
nodeID | `ChainflipAccountID` (a hex representation of a substrate SS58 encoded public key) of the account to fund. | bytes32 |
amount | Amount of $FLIP tokens to fund. The amount needs to be higher than the minimum funding amount, set to 1 $FLIP as of now. | uint256 |
function fundStateChainAccount(bytes32 nodeID, uint256 amount) external;