RAY Tokens
RAY deposits are represented as ERC-20 tokens, called RAY tokens. RAY tokens perpetually increase in value as the underlying accrues interest, and can be used in many applications through its ERC-20 interface.
Token | Kovan Address |
rayETH | |
rayDAI | |
rayUSDC |
Kovan ETH can be retrieved from the Kovan faucet, and Kovan DAI and Kovan USDC are available through the Compound app.
Please use the RAY Discord to ask questions, interact with the community, and talk to RAY developers! RAY Discord Invite
Action | Average |
Mint | 127,480 |
Withdraw | 644,306 |
Deposit assets and receive RAY tokens. Deposits of ERC-20 tokens require approval of the appropriate RAY token contract beforehand.
Note the unique function signature for ETH and ERC-20 mints. The function to use depends on your deposit token (ETH or an ERC-20). Use the tabs below to toggle the functions.
function mint() external payable returns (uint);
function mint(uint mintAmount) external returns (uint);
msg.sender is the account which deposits the assets.
Ether
There are no function parameters. However, remember to send the ETH value in the transaction as the value field.
ERC-20 Tokens
mintAmount - amount to deposit in the smallest units of the asset.
The amount of RAY tokens received in exchange for the deposited assets.
Retrieve the amount of the underlying (deposited) asset a RAY token holder owns.
function balanceOfUnderlying(address owner) external returns (uint)
Ether & ERC-20 Tokens
owner - Address of the RAY token holder.
The balance of the underlying asset, in the smallest units of the asset.
Redeem a number of RAY tokens for the underlying asset.
function redeem(uint redeemTokens) external returns (uint)
Ether & ERC-20 Tokens
redeemTokens - the amount of RAY tokens to redeem.
The amount of the underlying assets received by the caller.
Redeem a specified amount of the underlying asset.
function redeemUnderlying(uint redeemAmount) external
Ether & ERC-20 Tokens
redeemAmount - the amount of the underlying asset to redeem, in the smallest units of the underlying asset.
Nothing.
