Claim

Claim Actions

Transactional Functions

CreateClaim Contract

CreateClaim.sol contract is used to create a new claim associated with a protected loan. claim information(Link to interface)

function createClaim(bytes memory claimData, address user, uint256 loanId, uint256 promisedAmount, address collateralToken)

Process:

• Validate user address and loan ID.

• Decodes the claim data to extract the claim token and amount.

• Validates the claim amount and token.

• Fetches the protection update data related to the loan and decodes it.

• Creates a new claim instance and encodes it.

• Stores the claim data in concrete storage.

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UpdateClaim Contract

UpdateClaim.sol contract is used to update existing claims data. claim update information(Link to interface)

function updateClaim(address user, uint256 loanId, uint256 amount)

Process:

• Validate user address and loan ID.

• Fetches and decodes the existing claim.

• Calculates the new claim balance using CompoundInterestCalculator.

• Updates the claim repaid status based on the amount.