# DeepDive into Liquid: Part II - Asset Creation and Configuration

This is a multipart DeepDive that will focus on the Liquid Sidechain. It will be released in 3 Parts:

* [Part I](https://stacker.news/items/399400): Overview, Installation, and first Peg-In
* Part II (this): Asset Creation and Configuration
* Part III: Advanced Topics and Peg-out

## Assets

In Part I, we succesfully Pegged-In our BTC and received L-BTC, now lets use that L-BTC to do some interesting things with Asset Issuance:

* Let's begin by checking out these 2 commands[^1]:
    - `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS getwalletinfo`

    "balance": {"bitcoin": 0.00149155}

    - `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS dumpassetlabels`

    {"bitcoin": "6f0279e9ed041c3d710a9f57d0c02928416460c4b722ae3457a11eec381c526d"}

This is telling us that `bitcoin` is a label for an asset that has the UUID of `6f0279e9ed041c3d710a9f57d0c02928416460c4b722ae3457a11eec381c526d`. Everything in Liquid is an 'Asset' (including L-BTC) and each of these Assets can have different features, issuance, and restrictions. 

Looking up this value on [https://blockstream.info/liquid/assets](https://blockstream.info/liquid/asset/6f0279e9ed041c3d710a9f57d0c02928416460c4b722ae3457a11eec381c526d) we can see info about it like its ticker, name, and circulating supply:

![](1-part2-assets.png)

### Issuing our own Asset

* Issuing our own asset is straight-forward, as its a single line command in the client. Let's issue 10 new tokens and set the supply to be fixed (no re-issuance)
  - `$ sudo ./scripts/app compose elements exec node elements-cli -rpcuser=$E_RPCUSER -rpcpassword=$E_RPCPASS issueasset 10 0`



[^1]: The values E_RPCUSER and E_RPCPASS, where environmental variables we set in Part I