burnFrom

The burnFrom function is an integral part of the StableCoin Contracts, enabling the burning of tokens from a specified user's account. This function is particularly useful in scenarios where tokens need to be removed from circulation in a controlled manner, often as part of staking, governance, or reward mechanisms. The operation is contingent upon having prior approval from the token owner, typically granted through the approve method.

Method Signature

async burnFrom(from: string, amount: string, signer: any): Promise<string>

Parameters

• from: string: The Ethereum address from which the tokens will be burned. This can be a standard Ethereum address or an ENS name.
• amount: string: The quantity of tokens to burn, represented as a string.
• signer: any: An object representing the signer of the transaction, commonly sourced from a wallet interface like MetaMask or ethers.js.

Function Logic

1. Resolve ENS Name: If the from address is an ENS name, it's resolved to its corresponding Ethereum address.
2. Get Contract Instance: Acquires a contract instance using the signer to interact with the blockchain.
3. Burn Transaction: Executes the burnFrom method on the contract with the resolved from address and the specified amount.
4. Return Result: Outputs the result of the burn transaction, typically a transaction hash, as a string.

Example Usage

const fromAddress = "holder.eth";
const amount = "200";
const signer = ethersProvider.getSigner();

stableCoinContract.burnFrom(fromAddress, amount, signer)
    .then(result => 
        // add your logic here 
    )
    .catch(error => 
        // add your logic here
    );

Notes

• The burnFrom method requires careful handling due to its ability to remove tokens from another user's account.
• Proper formatting of the amount parameter is crucial to ensure successful and intended transaction execution.