Trusset Protocol - Infrastructure for Asset Tokenization

POST

lending-external-securities-v2

api

markets

{marketId}

rate-mode

curl -X POST "https://api.trusset.org/lending-external-securities-v2/api/markets/{marketId}/rate-mode" \
  -H "X-API-Key: trusset_your_key_here" \
  -H "Content-Type: application/json" \
  -d '{
    "rateMode": "CLAMPED",
    "rateFloorBps": 300,
    "rateCapBps": 1200
  }'

const url = `https://api.trusset.org/lending-external-securities-v2/api/markets/${marketId}/rate-mode`;
const headers = { 'X-API-Key': 'trusset_your_key_here', 'Content-Type': 'application/json' };

const build = await fetch(url, {
  method: 'POST',
  headers,
  body: JSON.stringify({ rateMode: 'FIXED', fixedRateBps: 800 })
});
const { data: calldata } = await build.json();

const tx = await ownerWallet.sendTransaction({
  to: calldata.to,
  data: calldata.data,
  value: calldata.value,
  chainId: calldata.chainId
});
await tx.wait();

const confirm = await fetch(url, {
  method: 'POST',
  headers,
  body: JSON.stringify({ txHash: tx.hash })
});
const { data } = await confirm.json();

{
  "success": true,
  "data": {
    "action": "SIGN_TRANSACTION",
    "transaction": {
      "to": "0x3b25752c1459c5cf1b0bfcfdf0d56883c8047423",
      "data": "0x..."
    },
    "to": "0x3b25752c1459c5cf1b0bfcfdf0d56883c8047423",
    "data": "0x...",
    "functionName": "setRateMode",
    "requiredRole": "INTEREST_MODEL_OWNER",
    "requiredSigner": "0x5ad87a0621175206b72d10e4b8577b192e7f40ab",
    "heldByThisInstance": true,
    "signerAddress": "0x5ad87a0621175206b72d10e4b8577b192e7f40ab",
    "note": null,
    "confirmWith": {
      "endpoint": "POST /lending-external-securities-v2/api/markets/clx_secmarket_001/rate-mode",
      "field": "txHash"
    },
    "chainId": 11155111,
    "value": "0"
  }
}

{
  "success": true,
  "data": {
    "txHash": "0x9f2c41d8b7e05a3164c2870fbd935e1a4c7802db6135ea9048f7c21b5d3ea41b",
    "functionName": "setRateMode",
    "signedBy": "0x5ad87a0621175206b72d10e4b8577b192e7f40ab",
    "blockNumber": 6789012,
    "offering": {
      "maxLoanDuration": "15552000",
      "termGracePeriod": "259200",
      "terminalDueDate": null,
      "termPenalty": "200",
      "marketDueFloor": null,
      "allowExtension": false,
      "rateMode": "CLAMPED",
      "rateFloor": "300",
      "rateCap": "1200",
      "maxFixedRate": "1500",
      "reserveRatio": "500",
      "operatorShare": "800"
    },
    "updatedColumns": ["rateMode", "rateFloor", "rateCap"]
  }
}

{
  "success": false,
  "error": {
    "code": "FIXED_RATE_REQUIRES_TERMS",
    "message": "The model refuses FIXED mode while the market has no loan terms: set a term configuration first, so the term clock replaces the curve as the repayment pull."
  }
}

Builds the setRateMode transaction that changes how the market prices borrowing. It targets the market’s interest model, not the market, and only the model owner can sign it. That is the issuer the lender of record named at adoption, unless ownership has moved since. Get Rate Mode shows the current mode and modelOwner. The model brings the market’s interest accrual up to date under the old mode before switching, so the elapsed time is charged at the rate that actually ran.

A clamp reaches every open variable-rate loan from the next accrual, not only new loans. Only a FIXED stamp is limited to new loans. Under FIXED, loans opened before the switch keep accruing on the raw, unclamped curve.

Path Parameters

string

required

Market ID.

Body Parameters

string

required

CURVE, CLAMPED or FIXED.CURVE is the utilization curve and takes no bounds. CLAMPED holds that curve between a floor and a cap. FIXED stamps one rate onto each new loan, and that rate does not move for the life of the loan.

integer

default:"0"

Lower bound for CLAMPED. Integer, 0 to 50000.

integer

Upper bound for CLAMPED, and required by it. Integer, 1 to 50000, and at least rateFloorBps.

integer

The stamped rate for FIXED, and required by it. Integer, 1 to 50000. It cannot exceed the market’s maxFixedRateBps when a ceiling is recorded.

string

Hash of the transaction you broadcast for this operation. Send it to confirm the transaction and record the result. Omit it to receive the calldata. When txHash is present, every other field is ignored.

The three modes do not mix. A bound that belongs to another mode is refused rather than dropped, and so is any bound sent with CURVE.

Switch to a Fixed Rate

FIXED is refused with FIXED_RATE_REQUIRES_TERMS until the market runs a maximum loan duration, set with Set Term Config. A terminal due date alone does not satisfy it. A fixed rate removes the curve’s pull toward repayment, and the term clock replaces it. A stamped loan keeps its rate through every later change, including a switch back to CURVE. It cannot draw more: Borrow More refuses it with FIXED_RATE_LOAN, so a further draw is a new loan at the terms then in force. While the model stamps a fixed rate, loan terms cannot be switched off. A clamp never blocks a borrow. Once the raw curve crosses rateCapBps the rate stays at the cap, and liquidity alone limits the borrow.

Confirm the Change

Send the mined hash back to this path as { "txHash": "0x..." }. The API checks that the transaction called setRateMode on the market’s interest model. It then reads the offering back from the chain and updates the market record.

Response Fields

The calldata response carries the transaction twice. transaction holds to and data. The same to and data also sit directly on data, and that is where the chainId and value binding lands, so sign from those four fields.

object

Show child attributes

string

SIGN_TRANSACTION. Returned when txHash is omitted.

object

{ to, data } for the setRateMode call on the interest model. Returned when txHash is omitted.

string

The interest model address. Returned when txHash is omitted.

string

The encoded setRateMode call. Returned when txHash is omitted.

string

Always "0". Returned when txHash is omitted.

integer

The chain your instance resolves to. Returned when txHash is omitted.

string

setRateMode, or the verified function when confirming.

string

INTEREST_MODEL_OWNER. Returned when txHash is omitted.

string

Plain-language summary of the change. Returned when txHash is omitted.

string

The model owner, the one wallet that can sign. null when the owner could not be read. Returned when txHash is omitted.

boolean

true when the owner is a verified wallet of your instance, false when it is not, null when the owner could not be read. The build is never refused on it. Returned when txHash is omitted.

string

The owner, when your instance holds it. Otherwise null. Returned when txHash is omitted.

string

Says the owner could not be read, or what to do when your instance cannot sign: hand the calldata to the owner, because any other wallet reverts OwnableUnauthorizedAccount. null when your instance holds the owner wallet. Returned when txHash is omitted.

object

{ endpoint, field }: the call that confirms this transaction, and the body field that carries the hash. Returned when txHash is omitted.

string

Transaction hash. Returned when confirming.

string

The wallet that sent the transaction. Returned when confirming.

integer

Block the transaction was mined in. Returned when confirming.

object

The market’s rate and term offering, read back from the chain after the transaction. Rates, penalties and ratios are basis-point strings, durations are seconds, and dates are unix seconds. A part that could not be read is left out. Returned when confirming.

Show child attributes

string

CURVE, CLAMPED or FIXED.

string

Clamp floor, or the fixed rate under FIXED.

string

Clamp cap, or the fixed rate under FIXED.

string

Fixed-rate ceiling, or null when none is recorded.

string

Maximum loan duration in seconds. "0" when unset.

string

Grace period in seconds.

string

Terminal due date, or null.

string

Market due floor, or null.

string

Term penalty.

boolean

Whether the extension flow is switched on.

string

Reserve ratio.

The operator’s share of repaid interest after the infrastructure fee.

string

The external price feed. Present only on a market whose priceSource is ORACLE.

array

Names of the stored market fields this confirmation changed. Empty when the record already matched the chain. Returned when confirming.

curl -X POST "https://api.trusset.org/lending-external-securities-v2/api/markets/{marketId}/rate-mode" \
  -H "X-API-Key: trusset_your_key_here" \
  -H "Content-Type: application/json" \
  -d '{
    "rateMode": "CLAMPED",
    "rateFloorBps": 300,
    "rateCapBps": 1200
  }'

const url = `https://api.trusset.org/lending-external-securities-v2/api/markets/${marketId}/rate-mode`;
const headers = { 'X-API-Key': 'trusset_your_key_here', 'Content-Type': 'application/json' };

const build = await fetch(url, {
  method: 'POST',
  headers,
  body: JSON.stringify({ rateMode: 'FIXED', fixedRateBps: 800 })
});
const { data: calldata } = await build.json();

const tx = await ownerWallet.sendTransaction({
  to: calldata.to,
  data: calldata.data,
  value: calldata.value,
  chainId: calldata.chainId
});
await tx.wait();

const confirm = await fetch(url, {
  method: 'POST',
  headers,
  body: JSON.stringify({ txHash: tx.hash })
});
const { data } = await confirm.json();

{
  "success": true,
  "data": {
    "action": "SIGN_TRANSACTION",
    "transaction": {
      "to": "0x3b25752c1459c5cf1b0bfcfdf0d56883c8047423",
      "data": "0x..."
    },
    "to": "0x3b25752c1459c5cf1b0bfcfdf0d56883c8047423",
    "data": "0x...",
    "functionName": "setRateMode",
    "requiredRole": "INTEREST_MODEL_OWNER",
    "requiredSigner": "0x5ad87a0621175206b72d10e4b8577b192e7f40ab",
    "heldByThisInstance": true,
    "signerAddress": "0x5ad87a0621175206b72d10e4b8577b192e7f40ab",
    "note": null,
    "confirmWith": {
      "endpoint": "POST /lending-external-securities-v2/api/markets/clx_secmarket_001/rate-mode",
      "field": "txHash"
    },
    "chainId": 11155111,
    "value": "0"
  }
}

{
  "success": true,
  "data": {
    "txHash": "0x9f2c41d8b7e05a3164c2870fbd935e1a4c7802db6135ea9048f7c21b5d3ea41b",
    "functionName": "setRateMode",
    "signedBy": "0x5ad87a0621175206b72d10e4b8577b192e7f40ab",
    "blockNumber": 6789012,
    "offering": {
      "maxLoanDuration": "15552000",
      "termGracePeriod": "259200",
      "terminalDueDate": null,
      "termPenalty": "200",
      "marketDueFloor": null,
      "allowExtension": false,
      "rateMode": "CLAMPED",
      "rateFloor": "300",
      "rateCap": "1200",
      "maxFixedRate": "1500",
      "reserveRatio": "500",
      "operatorShare": "800"
    },
    "updatedColumns": ["rateMode", "rateFloor", "rateCap"]
  }
}

{
  "success": false,
  "error": {
    "code": "FIXED_RATE_REQUIRES_TERMS",
    "message": "The model refuses FIXED mode while the market has no loan terms: set a term configuration first, so the term clock replaces the curve as the repayment pull."
  }
}

Error Codes

Code	HTTP	Cause
`MISSING_MARKET_ID`	`400`	The `marketId` path segment is longer than 100 characters
`VALIDATION_ERROR`	`400`	A field is outside its range, a bound belongs to another mode, a bound the mode requires is missing, or `txHash` is malformed
`INVALID_RATE_OFFERING`	`400`	`rateFloorBps` exceeds `rateCapBps`
`RATE_ABOVE_MAX_FIXED`	`400`	`fixedRateBps` exceeds the market’s fixed-rate ceiling
`INVALID_CONFIRMATION`	`400`	The market has no on-chain address, so there is nothing to confirm against
`MARKET_NOT_FOUND`	`404`	No market with this ID on your instance
`FIXED_RATE_REQUIRES_TERMS`	`409`	`FIXED` was requested on a market with no maximum loan duration
`MARKET_PENDING_CURATOR`	`409`	The market has no lender of record yet, so the market itself still owns the model and no wallet can sign. Skipped when confirming with `txHash`
`INTERNAL_ERROR`	`500`	The chain could not be read while confirming. Retry shortly
`MARKET_STATE_UNAVAILABLE`	`503`	The market’s term configuration could not be read to check a switch to `FIXED`. Retry shortly
`MODEL_UNRESOLVED`	`503`	The market’s interest model address could not be resolved. Retry shortly

Confirming with txHash can also return any transaction verification error.

curl -X POST "https://api.trusset.org/lending-external-securities-v2/api/markets/{marketId}/rate-mode" \
  -H "X-API-Key: trusset_your_key_here" \
  -H "Content-Type: application/json" \
  -d '{
    "rateMode": "CLAMPED",
    "rateFloorBps": 300,
    "rateCapBps": 1200
  }'

const url = `https://api.trusset.org/lending-external-securities-v2/api/markets/${marketId}/rate-mode`;
const headers = { 'X-API-Key': 'trusset_your_key_here', 'Content-Type': 'application/json' };

const build = await fetch(url, {
  method: 'POST',
  headers,
  body: JSON.stringify({ rateMode: 'FIXED', fixedRateBps: 800 })
});
const { data: calldata } = await build.json();

const tx = await ownerWallet.sendTransaction({
  to: calldata.to,
  data: calldata.data,
  value: calldata.value,
  chainId: calldata.chainId
});
await tx.wait();

const confirm = await fetch(url, {
  method: 'POST',
  headers,
  body: JSON.stringify({ txHash: tx.hash })
});
const { data } = await confirm.json();

{
  "success": true,
  "data": {
    "action": "SIGN_TRANSACTION",
    "transaction": {
      "to": "0x3b25752c1459c5cf1b0bfcfdf0d56883c8047423",
      "data": "0x..."
    },
    "to": "0x3b25752c1459c5cf1b0bfcfdf0d56883c8047423",
    "data": "0x...",
    "functionName": "setRateMode",
    "requiredRole": "INTEREST_MODEL_OWNER",
    "requiredSigner": "0x5ad87a0621175206b72d10e4b8577b192e7f40ab",
    "heldByThisInstance": true,
    "signerAddress": "0x5ad87a0621175206b72d10e4b8577b192e7f40ab",
    "note": null,
    "confirmWith": {
      "endpoint": "POST /lending-external-securities-v2/api/markets/clx_secmarket_001/rate-mode",
      "field": "txHash"
    },
    "chainId": 11155111,
    "value": "0"
  }
}

{
  "success": true,
  "data": {
    "txHash": "0x9f2c41d8b7e05a3164c2870fbd935e1a4c7802db6135ea9048f7c21b5d3ea41b",
    "functionName": "setRateMode",
    "signedBy": "0x5ad87a0621175206b72d10e4b8577b192e7f40ab",
    "blockNumber": 6789012,
    "offering": {
      "maxLoanDuration": "15552000",
      "termGracePeriod": "259200",
      "terminalDueDate": null,
      "termPenalty": "200",
      "marketDueFloor": null,
      "allowExtension": false,
      "rateMode": "CLAMPED",
      "rateFloor": "300",
      "rateCap": "1200",
      "maxFixedRate": "1500",
      "reserveRatio": "500",
      "operatorShare": "800"
    },
    "updatedColumns": ["rateMode", "rateFloor", "rateCap"]
  }
}

{
  "success": false,
  "error": {
    "code": "FIXED_RATE_REQUIRES_TERMS",
    "message": "The model refuses FIXED mode while the market has no loan terms: set a term configuration first, so the term clock replaces the curve as the repayment pull."
  }
}

Overview

MiCA Register

Customers

Tokenization

Trading

Lending

Asset Register

Vaults

Set Rate Mode

Path Parameters

Body Parameters

Switch to a Fixed Rate

Confirm the Change

Response Fields

Error Codes

​Path Parameters

​Body Parameters

​Switch to a Fixed Rate

​Confirm the Change

​Response Fields

​Error Codes

Path Parameters

Body Parameters

Switch to a Fixed Rate

Confirm the Change

Response Fields

Error Codes