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How Aryze Orders API Works ?
Overview
The Aryze Orders API is designed for creating and managing orders to mint stablecoins like eUSD, eEUR, eGBR, and eSGD. It allows users to specify various details such as the chain, amount, wallet for minting, order name, stablecoin type, customer name, and order status.
Order Creation Process
Asset Minting Across Chains
The Aryze Orders API supports minting stablecoins on different blockchains. Users can specify the target chain and the amount of tokens to mint.
Order Details
When creating an order, users must provide:
Customer Name: The name of yours organization placing the order
Chain ID: The blockchain where the tokens will be minted.
Amount: The number of tokens to mint.
Mint Wallet: The wallet address where the tokens will be minted.
Order Name: A unique identifier for the order.
Stablecoin Type: The type of stablecoin to mint (eUSD, eEUR, eGBR, eSGD).
Order Status: The status of the order, defaulting to "New".
Example Workflow
Create Order: A user submits a request to create an order with all the necessary details.
Mint Tokens: Based on the order, the system mints the specified amount of tokens on the designated blockchain.
Order Status: The order status can be tracked and updated as it progresses through different stages.
Moving Between Chains
For instance, when minting 100 eEUR on Polygon, the system ensures the secure creation of tokens without duplicating assets across blockchains.
Security and Integrity
Ensuring Accuracy
The API guarantees no double representation of assets and maintains the integrity of the total circulating supply.
Minimizing Risk
By not storing large amounts of assets in a single wallet, the system reduces the risk of hacking.