VOFillCollateralizedConvertRequests

Blockchain Virtual Operations

• fill_collateralized_convert_request

Columns

Name	Description
owner	Account requesting the conversion
requestid	conversion request identifier
amount_in	Amount of HIVE that has been converted (burned)
amount_in_symbol	HIVE
amount_out	Amount of HBD to be received
amount_out_symbol	HBD
excess_collateral	Excess collateralized HIVE returned to the owner
excess_collateral_symbol	HIVE

Description

This virtual operation is issued when a HIVE to HBD conversion is finalized (see TxCollateralizedConverts).

When issued, the blockchain calculates how much HIVE has to be taken out of collateral in order to produce HBD that was already given to the user, using the median of median hourly HIVE prices from the last 3.5 days corrected by the 5% fee.

The price might be smaller than the "official" price in case the main price was artificially corrected upward when the hard limit condition was hit in the meantime.

If collateral exceeded the amount needed for HBD production, the extra is returned to the user balance and the rest is burned.

If during 3.5 days of wait the market price fell more than twice from the previous minimum, all collateral is burned, nothing is returned to the user and the associated loss is absorbed by the network in form of higher than the proper supply of HIVE. In such a case, a system_warning_operation virtual operation is produced.