PEther

The PEther contract manages deposits and borrowing of the blockchain’s native asset (e.g., ETH), providing users with interest-bearing tokens in return for native asset deposits.

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🛠️ Key Functions & Parameters

✅ mint() payable

Deposit native blockchain asset (ETH) into the protocol.

• Usage: Send ETH directly with the call.

• User receives PEther tokens proportionally.

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✅ redeem(uint redeemTokens)

Withdraw ETH by redeeming PEther tokens.

• Parameters:

  • redeemTokens: Number of PEther tokens to redeem.

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✅ redeemUnderlying(uint redeemAmount)

Withdraw an exact amount of ETH directly.

• Parameters:

  • redeemAmount: Amount of ETH to withdraw.

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✅ borrow(uint borrowAmount)

Borrow ETH from the market.

• Parameters:

  • borrowAmount: Amount of ETH to borrow.

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✅ repayBorrow() payable

Repay borrowed ETH.

• Usage: Send ETH directly as repayment.

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✅ balanceOfUnderlying(address owner)

Returns user's underlying ETH balance (including accrued interest).

• Parameters:

  • owner: User wallet address.

• Returns:

  • User's underlying ETH balance.

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📈 View Functions & Information

• exchangeRateCurrent(): Current exchange rate between PEther and underlying ETH.

• getCash(): Shows total ETH liquidity available in the market.

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The PEther contract facilitates direct native-asset lending and borrowing within Peridot, streamlining user interactions with native tokens.