ERC-20
Overview
Max Total Supply
16,993.107564240246576765 yvWETH
Holders
4,931
Market
Price
$3,669.37 @ 1.089133 ETH (-1.64%)
Onchain Market Cap
$62,353,999.10
Circulating Supply Market Cap
$0.00
Other Info
Token Contract (WITH 18 Decimals)
Balance
0.005826926658798444 yvWETHValue
$21.38 ( ~0.00634595551524571 Eth) [0.0000%]Loading...
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Minimal Proxy Contract for 0x671a912c10bba0cfa74cfc2d6fba9ba1ed9530b2
Contract Name:
Vyper_contract
Compiler Version
vyper:0.2.12
Contract Source Code (Vyper language format)
# @version 0.2.12 """ @title Yearn Token Vault @license GNU AGPLv3 @author yearn.finance @notice Yearn Token Vault. Holds an underlying token, and allows users to interact with the Yearn ecosystem through Strategies connected to the Vault. Vaults are not limited to a single Strategy, they can have as many Strategies as can be designed (however the withdrawal queue is capped at 20.) Deposited funds are moved into the most impactful strategy that has not already reached its limit for assets under management, regardless of which Strategy a user's funds end up in, they receive their portion of yields generated across all Strategies. When a user withdraws, if there are no funds sitting undeployed in the Vault, the Vault withdraws funds from Strategies in the order of least impact. (Funds are taken from the Strategy that will disturb everyone's gains the least, then the next least, etc.) In order to achieve this, the withdrawal queue's order must be properly set and managed by the community (through governance). Vault Strategies are parameterized to pursue the highest risk-adjusted yield. There is an "Emergency Shutdown" mode. When the Vault is put into emergency shutdown, assets will be recalled from the Strategies as quickly as is practical (given on-chain conditions), minimizing loss. Deposits are halted, new Strategies may not be added, and each Strategy exits with the minimum possible damage to position, while opening up deposits to be withdrawn by users. There are no restrictions on withdrawals above what is expected under Normal Operation. For further details, please refer to the specification: https://github.com/iearn-finance/yearn-vaults/blob/master/SPECIFICATION.md """ API_VERSION: constant(String[28]) = "0.4.2" from vyper.interfaces import ERC20 implements: ERC20 interface DetailedERC20: def name() -> String[42]: view def symbol() -> String[20]: view def decimals() -> uint256: view interface Strategy: def want() -> address: view def vault() -> address: view def isActive() -> bool: view def delegatedAssets() -> uint256: view def estimatedTotalAssets() -> uint256: view def withdraw(_amount: uint256) -> uint256: nonpayable def migrate(_newStrategy: address): nonpayable event Transfer: sender: indexed(address) receiver: indexed(address) value: uint256 event Approval: owner: indexed(address) spender: indexed(address) value: uint256 name: public(String[64]) symbol: public(String[32]) decimals: public(uint256) balanceOf: public(HashMap[address, uint256]) allowance: public(HashMap[address, HashMap[address, uint256]]) totalSupply: public(uint256) token: public(ERC20) governance: public(address) management: public(address) guardian: public(address) pendingGovernance: address struct StrategyParams: performanceFee: uint256 # Strategist's fee (basis points) activation: uint256 # Activation block.timestamp debtRatio: uint256 # Maximum borrow amount (in BPS of total assets) minDebtPerHarvest: uint256 # Lower limit on the increase of debt since last harvest maxDebtPerHarvest: uint256 # Upper limit on the increase of debt since last harvest lastReport: uint256 # block.timestamp of the last time a report occured totalDebt: uint256 # Total outstanding debt that Strategy has totalGain: uint256 # Total returns that Strategy has realized for Vault totalLoss: uint256 # Total losses that Strategy has realized for Vault event StrategyAdded: strategy: indexed(address) debtRatio: uint256 # Maximum borrow amount (in BPS of total assets) minDebtPerHarvest: uint256 # Lower limit on the increase of debt since last harvest maxDebtPerHarvest: uint256 # Upper limit on the increase of debt since last harvest performanceFee: uint256 # Strategist's fee (basis points) event StrategyReported: strategy: indexed(address) gain: uint256 loss: uint256 debtPaid: uint256 totalGain: uint256 totalLoss: uint256 totalDebt: uint256 debtAdded: uint256 debtRatio: uint256 event UpdateGovernance: governance: address # New active governance event UpdateManagement: management: address # New active manager event UpdateRewards: rewards: address # New active rewards recipient event UpdateDepositLimit: depositLimit: uint256 # New active deposit limit event UpdatePerformanceFee: performanceFee: uint256 # New active performance fee event UpdateManagementFee: managementFee: uint256 # New active management fee event UpdateGuardian: guardian: address # Address of the active guardian event EmergencyShutdown: active: bool # New emergency shutdown state (if false, normal operation enabled) event UpdateWithdrawalQueue: queue: address[MAXIMUM_STRATEGIES] # New active withdrawal queue event StrategyUpdateDebtRatio: strategy: indexed(address) # Address of the strategy for the debt ratio adjustment debtRatio: uint256 # The new debt limit for the strategy (in BPS of total assets) event StrategyUpdateMinDebtPerHarvest: strategy: indexed(address) # Address of the strategy for the rate limit adjustment minDebtPerHarvest: uint256 # Lower limit on the increase of debt since last harvest event StrategyUpdateMaxDebtPerHarvest: strategy: indexed(address) # Address of the strategy for the rate limit adjustment maxDebtPerHarvest: uint256 # Upper limit on the increase of debt since last harvest event StrategyUpdatePerformanceFee: strategy: indexed(address) # Address of the strategy for the performance fee adjustment performanceFee: uint256 # The new performance fee for the strategy event StrategyMigrated: oldVersion: indexed(address) # Old version of the strategy to be migrated newVersion: indexed(address) # New version of the strategy event StrategyRevoked: strategy: indexed(address) # Address of the strategy that is revoked event StrategyRemovedFromQueue: strategy: indexed(address) # Address of the strategy that is removed from the withdrawal queue event StrategyAddedToQueue: strategy: indexed(address) # Address of the strategy that is added to the withdrawal queue # NOTE: Track the total for overhead targeting purposes strategies: public(HashMap[address, StrategyParams]) MAXIMUM_STRATEGIES: constant(uint256) = 20 DEGRADATION_COEFFICIENT: constant(uint256) = 10 ** 18 # Ordering that `withdraw` uses to determine which strategies to pull funds from # NOTE: Does *NOT* have to match the ordering of all the current strategies that # exist, but it is recommended that it does or else withdrawal depth is # limited to only those inside the queue. # NOTE: Ordering is determined by governance, and should be balanced according # to risk, slippage, and/or volatility. Can also be ordered to increase the # withdrawal speed of a particular Strategy. # NOTE: The first time a ZERO_ADDRESS is encountered, it stops withdrawing withdrawalQueue: public(address[MAXIMUM_STRATEGIES]) emergencyShutdown: public(bool) depositLimit: public(uint256) # Limit for totalAssets the Vault can hold debtRatio: public(uint256) # Debt ratio for the Vault across all strategies (in BPS, <= 10k) totalDebt: public(uint256) # Amount of tokens that all strategies have borrowed lastReport: public(uint256) # block.timestamp of last report activation: public(uint256) # block.timestamp of contract deployment lockedProfit: public(uint256) # how much profit is locked and cant be withdrawn lockedProfitDegradation: public(uint256) # rate per block of degradation. DEGRADATION_COEFFICIENT is 100% per block rewards: public(address) # Rewards contract where Governance fees are sent to # Governance Fee for management of Vault (given to `rewards`) managementFee: public(uint256) # Governance Fee for performance of Vault (given to `rewards`) performanceFee: public(uint256) MAX_BPS: constant(uint256) = 10_000 # 100%, or 10k basis points # NOTE: A four-century period will be missing 3 of its 100 Julian leap years, leaving 97. # So the average year has 365 + 97/400 = 365.2425 days # ERROR(Julian): -0.0078 # ERROR(Gregorian): -0.0003 SECS_PER_YEAR: constant(uint256) = 31_556_952 # 365.2425 days # `nonces` track `permit` approvals with signature. nonces: public(HashMap[address, uint256]) DOMAIN_SEPARATOR: public(bytes32) DOMAIN_TYPE_HASH: constant(bytes32) = keccak256('EIP712Domain(string name,string version,uint256 chainId,address verifyingContract)') PERMIT_TYPE_HASH: constant(bytes32) = keccak256("Permit(address owner,address spender,uint256 value,uint256 nonce,uint256 deadline)") @external def initialize( token: address, governance: address, rewards: address, nameOverride: String[64], symbolOverride: String[32], guardian: address = msg.sender, management: address = msg.sender, ): """ @notice Initializes the Vault, this is called only once, when the contract is deployed. The performance fee is set to 10% of yield, per Strategy. The management fee is set to 2%, per year. The initial deposit limit is set to 0 (deposits disabled); it must be updated after initialization. @dev If `nameOverride` is not specified, the name will be 'yearn' combined with the name of `token`. If `symbolOverride` is not specified, the symbol will be 'yv' combined with the symbol of `token`. The token used by the vault should not change balances outside transfers and it must transfer the exact amount requested. Fee on transfer and rebasing are not supported. @param token The token that may be deposited into this Vault. @param governance The address authorized for governance interactions. @param rewards The address to distribute rewards to. @param management The address of the vault manager. @param nameOverride Specify a custom Vault name. Leave empty for default choice. @param symbolOverride Specify a custom Vault symbol name. Leave empty for default choice. @param guardian The address authorized for guardian interactions. Defaults to caller. """ assert self.activation == 0 # dev: no devops199 self.token = ERC20(token) if nameOverride == "": self.name = concat(DetailedERC20(token).symbol(), " yVault") else: self.name = nameOverride if symbolOverride == "": self.symbol = concat("yv", DetailedERC20(token).symbol()) else: self.symbol = symbolOverride decimals: uint256 = DetailedERC20(token).decimals() self.decimals = decimals assert decimals < 256 # dev: see VVE-2020-0001 self.governance = governance log UpdateGovernance(governance) self.management = management log UpdateManagement(management) self.rewards = rewards log UpdateRewards(rewards) self.guardian = guardian log UpdateGuardian(guardian) self.performanceFee = 1000 # 10% of yield (per Strategy) log UpdatePerformanceFee(convert(1000, uint256)) self.managementFee = 200 # 2% per year log UpdateManagementFee(convert(200, uint256)) self.lastReport = block.timestamp self.activation = block.timestamp self.lockedProfitDegradation = convert(DEGRADATION_COEFFICIENT * 46 / 10 ** 6 , uint256) # 6 hours in blocks # EIP-712 self.DOMAIN_SEPARATOR = keccak256( concat( DOMAIN_TYPE_HASH, keccak256(convert("Yearn Vault", Bytes[11])), keccak256(convert(API_VERSION, Bytes[28])), convert(chain.id, bytes32), convert(self, bytes32) ) ) @pure @external def apiVersion() -> String[28]: """ @notice Used to track the deployed version of this contract. In practice you can use this version number to compare with Yearn's GitHub and determine which version of the source matches this deployed contract. @dev All strategies must have an `apiVersion()` that matches the Vault's `API_VERSION`. @return API_VERSION which holds the current version of this contract. """ return API_VERSION @external def setName(name: String[42]): """ @notice Used to change the value of `name`. This may only be called by governance. @param name The new name to use. """ assert msg.sender == self.governance self.name = name @external def setSymbol(symbol: String[20]): """ @notice Used to change the value of `symbol`. This may only be called by governance. @param symbol The new symbol to use. """ assert msg.sender == self.governance self.symbol = symbol # 2-phase commit for a change in governance @external def setGovernance(governance: address): """ @notice Nominate a new address to use as governance. The change does not go into effect immediately. This function sets a pending change, and the governance address is not updated until the proposed governance address has accepted the responsibility. This may only be called by the current governance address. @param governance The address requested to take over Vault governance. """ assert msg.sender == self.governance self.pendingGovernance = governance @external def acceptGovernance(): """ @notice Once a new governance address has been proposed using setGovernance(), this function may be called by the proposed address to accept the responsibility of taking over governance for this contract. This may only be called by the proposed governance address. @dev setGovernance() should be called by the existing governance address, prior to calling this function. """ assert msg.sender == self.pendingGovernance self.governance = msg.sender log UpdateGovernance(msg.sender) @external def setManagement(management: address): """ @notice Changes the management address. Management is able to make some investment decisions adjusting parameters. This may only be called by governance. @param management The address to use for managing. """ assert msg.sender == self.governance self.management = management log UpdateManagement(management) @external def setRewards(rewards: address): """ @notice Changes the rewards address. Any distributed rewards will cease flowing to the old address and begin flowing to this address once the change is in effect. This will not change any Strategy reports in progress, only new reports made after this change goes into effect. This may only be called by governance. @param rewards The address to use for collecting rewards. """ assert msg.sender == self.governance assert not (rewards in [self, ZERO_ADDRESS]) self.rewards = rewards log UpdateRewards(rewards) @external def setLockedProfitDegradation(degradation: uint256): """ @notice Changes the locked profit degradation. @param degradation The rate of degradation in percent per second scaled to 1e18. """ assert msg.sender == self.governance # Since "degradation" is of type uint256 it can never be less than zero assert degradation <= DEGRADATION_COEFFICIENT self.lockedProfitDegradation = degradation @external def setDepositLimit(limit: uint256): """ @notice Changes the maximum amount of tokens that can be deposited in this Vault. Note, this is not how much may be deposited by a single depositor, but the maximum amount that may be deposited across all depositors. This may only be called by governance. @param limit The new deposit limit to use. """ assert msg.sender == self.governance self.depositLimit = limit log UpdateDepositLimit(limit) @external def setPerformanceFee(fee: uint256): """ @notice Used to change the value of `performanceFee`. Should set this value below the maximum strategist performance fee. This may only be called by governance. @param fee The new performance fee to use. """ assert msg.sender == self.governance assert fee <= MAX_BPS / 2 self.performanceFee = fee log UpdatePerformanceFee(fee) @external def setManagementFee(fee: uint256): """ @notice Used to change the value of `managementFee`. This may only be called by governance. @param fee The new management fee to use. """ assert msg.sender == self.governance assert fee <= MAX_BPS self.managementFee = fee log UpdateManagementFee(fee) @external def setGuardian(guardian: address): """ @notice Used to change the address of `guardian`. This may only be called by governance or the existing guardian. @param guardian The new guardian address to use. """ assert msg.sender in [self.guardian, self.governance] self.guardian = guardian log UpdateGuardian(guardian) @external def setEmergencyShutdown(active: bool): """ @notice Activates or deactivates Vault mode where all Strategies go into full withdrawal. During Emergency Shutdown: 1. No Users may deposit into the Vault (but may withdraw as usual.) 2. Governance may not add new Strategies. 3. Each Strategy must pay back their debt as quickly as reasonable to minimally affect their position. 4. Only Governance may undo Emergency Shutdown. See contract level note for further details. This may only be called by governance or the guardian. @param active If true, the Vault goes into Emergency Shutdown. If false, the Vault goes back into Normal Operation. """ if active: assert msg.sender in [self.guardian, self.governance] else: assert msg.sender == self.governance self.emergencyShutdown = active log EmergencyShutdown(active) @external def setWithdrawalQueue(queue: address[MAXIMUM_STRATEGIES]): """ @notice Updates the withdrawalQueue to match the addresses and order specified by `queue`. There can be fewer strategies than the maximum, as well as fewer than the total number of strategies active in the vault. `withdrawalQueue` will be updated in a gas-efficient manner, assuming the input is well- ordered with 0x0 only at the end. This may only be called by governance or management. @dev This is order sensitive, specify the addresses in the order in which funds should be withdrawn (so `queue`[0] is the first Strategy withdrawn from, `queue`[1] is the second, etc.) This means that the least impactful Strategy (the Strategy that will have its core positions impacted the least by having funds removed) should be at `queue`[0], then the next least impactful at `queue`[1], and so on. @param queue The array of addresses to use as the new withdrawal queue. This is order sensitive. """ assert msg.sender in [self.management, self.governance] # HACK: Temporary until Vyper adds support for Dynamic arrays old_queue: address[MAXIMUM_STRATEGIES] = empty(address[MAXIMUM_STRATEGIES]) for i in range(MAXIMUM_STRATEGIES): old_queue[i] = self.withdrawalQueue[i] if queue[i] == ZERO_ADDRESS: # NOTE: Cannot use this method to remove entries from the queue assert old_queue[i] == ZERO_ADDRESS break # NOTE: Cannot use this method to add more entries to the queue assert old_queue[i] != ZERO_ADDRESS assert self.strategies[queue[i]].activation > 0 existsInOldQueue: bool = False for j in range(MAXIMUM_STRATEGIES): if queue[j] == ZERO_ADDRESS: existsInOldQueue = True break if queue[i] == old_queue[j]: # NOTE: Ensure that every entry in queue prior to reordering exists now existsInOldQueue = True if j <= i: # NOTE: This will only check for duplicate entries in queue after `i` continue assert queue[i] != queue[j] # dev: do not add duplicate strategies assert existsInOldQueue # dev: do not add new strategies self.withdrawalQueue[i] = queue[i] log UpdateWithdrawalQueue(queue) @internal def erc20_safe_transfer(token: address, receiver: address, amount: uint256): # Used only to send tokens that are not the type managed by this Vault. # HACK: Used to handle non-compliant tokens like USDT response: Bytes[32] = raw_call( token, concat( method_id("transfer(address,uint256)"), convert(receiver, bytes32), convert(amount, bytes32), ), max_outsize=32, ) if len(response) > 0: assert convert(response, bool), "Transfer failed!" @internal def erc20_safe_transferFrom(token: address, sender: address, receiver: address, amount: uint256): # Used only to send tokens that are not the type managed by this Vault. # HACK: Used to handle non-compliant tokens like USDT response: Bytes[32] = raw_call( token, concat( method_id("transferFrom(address,address,uint256)"), convert(sender, bytes32), convert(receiver, bytes32), convert(amount, bytes32), ), max_outsize=32, ) if len(response) > 0: assert convert(response, bool), "Transfer failed!" @internal def _transfer(sender: address, receiver: address, amount: uint256): # See note on `transfer()`. # Protect people from accidentally sending their shares to bad places assert receiver not in [self, ZERO_ADDRESS] self.balanceOf[sender] -= amount self.balanceOf[receiver] += amount log Transfer(sender, receiver, amount) @external def transfer(receiver: address, amount: uint256) -> bool: """ @notice Transfers shares from the caller's address to `receiver`. This function will always return true, unless the user is attempting to transfer shares to this contract's address, or to 0x0. @param receiver The address shares are being transferred to. Must not be this contract's address, must not be 0x0. @param amount The quantity of shares to transfer. @return True if transfer is sent to an address other than this contract's or 0x0, otherwise the transaction will fail. """ self._transfer(msg.sender, receiver, amount) return True @external def transferFrom(sender: address, receiver: address, amount: uint256) -> bool: """ @notice Transfers `amount` shares from `sender` to `receiver`. This operation will always return true, unless the user is attempting to transfer shares to this contract's address, or to 0x0. Unless the caller has given this contract unlimited approval, transfering shares will decrement the caller's `allowance` by `amount`. @param sender The address shares are being transferred from. @param receiver The address shares are being transferred to. Must not be this contract's address, must not be 0x0. @param amount The quantity of shares to transfer. @return True if transfer is sent to an address other than this contract's or 0x0, otherwise the transaction will fail. """ # Unlimited approval (saves an SSTORE) if (self.allowance[sender][msg.sender] < MAX_UINT256): allowance: uint256 = self.allowance[sender][msg.sender] - amount self.allowance[sender][msg.sender] = allowance # NOTE: Allows log filters to have a full accounting of allowance changes log Approval(sender, msg.sender, allowance) self._transfer(sender, receiver, amount) return True @external def approve(spender: address, amount: uint256) -> bool: """ @dev Approve the passed address to spend the specified amount of tokens on behalf of `msg.sender`. Beware that changing an allowance with this method brings the risk that someone may use both the old and the new allowance by unfortunate transaction ordering. See https://github.com/ethereum/EIPs/issues/20#issuecomment-263524729 @param spender The address which will spend the funds. @param amount The amount of tokens to be spent. """ self.allowance[msg.sender][spender] = amount log Approval(msg.sender, spender, amount) return True @external def increaseAllowance(spender: address, amount: uint256) -> bool: """ @dev Increase the allowance of the passed address to spend the total amount of tokens on behalf of msg.sender. This method mitigates the risk that someone may use both the old and the new allowance by unfortunate transaction ordering. See https://github.com/ethereum/EIPs/issues/20#issuecomment-263524729 @param spender The address which will spend the funds. @param amount The amount of tokens to increase the allowance by. """ self.allowance[msg.sender][spender] += amount log Approval(msg.sender, spender, self.allowance[msg.sender][spender]) return True @external def decreaseAllowance(spender: address, amount: uint256) -> bool: """ @dev Decrease the allowance of the passed address to spend the total amount of tokens on behalf of msg.sender. This method mitigates the risk that someone may use both the old and the new allowance by unfortunate transaction ordering. See https://github.com/ethereum/EIPs/issues/20#issuecomment-263524729 @param spender The address which will spend the funds. @param amount The amount of tokens to decrease the allowance by. """ self.allowance[msg.sender][spender] -= amount log Approval(msg.sender, spender, self.allowance[msg.sender][spender]) return True @external def permit(owner: address, spender: address, amount: uint256, expiry: uint256, signature: Bytes[65]) -> bool: """ @notice Approves spender by owner's signature to expend owner's tokens. See https://eips.ethereum.org/EIPS/eip-2612. @param owner The address which is a source of funds and has signed the Permit. @param spender The address which is allowed to spend the funds. @param amount The amount of tokens to be spent. @param expiry The timestamp after which the Permit is no longer valid. @param signature A valid secp256k1 signature of Permit by owner encoded as r, s, v. @return True, if transaction completes successfully """ assert owner != ZERO_ADDRESS # dev: invalid owner assert expiry == 0 or expiry >= block.timestamp # dev: permit expired nonce: uint256 = self.nonces[owner] digest: bytes32 = keccak256( concat( b'\x19\x01', self.DOMAIN_SEPARATOR, keccak256( concat( PERMIT_TYPE_HASH, convert(owner, bytes32), convert(spender, bytes32), convert(amount, bytes32), convert(nonce, bytes32), convert(expiry, bytes32), ) ) ) ) # NOTE: signature is packed as r, s, v r: uint256 = convert(slice(signature, 0, 32), uint256) s: uint256 = convert(slice(signature, 32, 32), uint256) v: uint256 = convert(slice(signature, 64, 1), uint256) assert ecrecover(digest, v, r, s) == owner # dev: invalid signature self.allowance[owner][spender] = amount self.nonces[owner] = nonce + 1 log Approval(owner, spender, amount) return True @view @internal def _totalAssets() -> uint256: # See note on `totalAssets()`. return self.token.balanceOf(self) + self.totalDebt @view @external def totalAssets() -> uint256: """ @notice Returns the total quantity of all assets under control of this Vault, whether they're loaned out to a Strategy, or currently held in the Vault. @return The total assets under control of this Vault. """ return self._totalAssets() @view @internal def _calculateLockedProfit() -> uint256: lockedFundsRatio: uint256 = (block.timestamp - self.lastReport) * self.lockedProfitDegradation if(lockedFundsRatio < DEGRADATION_COEFFICIENT): lockedProfit: uint256 = self.lockedProfit return lockedProfit - ( lockedFundsRatio * lockedProfit / DEGRADATION_COEFFICIENT ) else: return 0 @internal def _issueSharesForAmount(to: address, amount: uint256) -> uint256: # Issues `amount` Vault shares to `to`. # Shares must be issued prior to taking on new collateral, or # calculation will be wrong. This means that only *trusted* tokens # (with no capability for exploitative behavior) can be used. shares: uint256 = 0 # HACK: Saves 2 SLOADs (~200 gas, post-Berlin) totalSupply: uint256 = self.totalSupply if totalSupply > 0: # Mint amount of shares based on what the Vault is managing overall # NOTE: if sqrt(token.totalSupply()) > 1e39, this could potentially revert freeFunds: uint256 = self._totalAssets() - self._calculateLockedProfit() shares = amount * totalSupply / freeFunds # dev: no free funds else: # No existing shares, so mint 1:1 shares = amount assert shares != 0 # dev: division rounding resulted in zero # Mint new shares self.totalSupply = totalSupply + shares self.balanceOf[to] += shares log Transfer(ZERO_ADDRESS, to, shares) return shares @external @nonreentrant("withdraw") def deposit(_amount: uint256 = MAX_UINT256, recipient: address = msg.sender) -> uint256: """ @notice Deposits `_amount` `token`, issuing shares to `recipient`. If the Vault is in Emergency Shutdown, deposits will not be accepted and this call will fail. @dev Measuring quantity of shares to issues is based on the total outstanding debt that this contract has ("expected value") instead of the total balance sheet it has ("estimated value") has important security considerations, and is done intentionally. If this value were measured against external systems, it could be purposely manipulated by an attacker to withdraw more assets than they otherwise should be able to claim by redeeming their shares. On deposit, this means that shares are issued against the total amount that the deposited capital can be given in service of the debt that Strategies assume. If that number were to be lower than the "expected value" at some future point, depositing shares via this method could entitle the depositor to *less* than the deposited value once the "realized value" is updated from further reports by the Strategies to the Vaults. Care should be taken by integrators to account for this discrepancy, by using the view-only methods of this contract (both off-chain and on-chain) to determine if depositing into the Vault is a "good idea". @param _amount The quantity of tokens to deposit, defaults to all. @param recipient The address to issue the shares in this Vault to. Defaults to the caller's address. @return The issued Vault shares. """ assert not self.emergencyShutdown # Deposits are locked out assert recipient not in [self, ZERO_ADDRESS] amount: uint256 = _amount # If _amount not specified, transfer the full token balance, # up to deposit limit if amount == MAX_UINT256: amount = min( self.depositLimit - self._totalAssets(), self.token.balanceOf(msg.sender), ) else: # Ensure deposit limit is respected assert self._totalAssets() + amount <= self.depositLimit # Ensure we are depositing something assert amount > 0 # Issue new shares (needs to be done before taking deposit to be accurate) # Shares are issued to recipient (may be different from msg.sender) # See @dev note, above. shares: uint256 = self._issueSharesForAmount(recipient, amount) # Tokens are transferred from msg.sender (may be different from _recipient) self.erc20_safe_transferFrom(self.token.address, msg.sender, self, amount) return shares # Just in case someone wants them @view @internal def _shareValue(shares: uint256) -> uint256: # Returns price = 1:1 if vault is empty if self.totalSupply == 0: return shares # Determines the current value of `shares`. # NOTE: if sqrt(Vault.totalAssets()) >>> 1e39, this could potentially revert freeFunds: uint256 = self._totalAssets() - self._calculateLockedProfit() return ( shares * freeFunds / self.totalSupply ) @view @internal def _sharesForAmount(amount: uint256) -> uint256: # Determines how many shares `amount` of token would receive. # See dev note on `deposit`. if self._totalAssets() > 0: # NOTE: if sqrt(token.totalSupply()) > 1e37, this could potentially revert return ( amount * self.totalSupply / self._totalAssets() ) else: return 0 @view @external def maxAvailableShares() -> uint256: """ @notice Determines the maximum quantity of shares this Vault can facilitate a withdrawal for, factoring in assets currently residing in the Vault, as well as those deployed to strategies on the Vault's balance sheet. @dev Regarding how shares are calculated, see dev note on `deposit`. If you want to calculated the maximum a user could withdraw up to, you want to use this function. Note that the amount provided by this function is the theoretical maximum possible from withdrawing, the real amount depends on the realized losses incurred during withdrawal. @return The total quantity of shares this Vault can provide. """ shares: uint256 = self._sharesForAmount(self.token.balanceOf(self)) for strategy in self.withdrawalQueue: if strategy == ZERO_ADDRESS: break shares += self._sharesForAmount(self.strategies[strategy].totalDebt) return shares @internal def _reportLoss(strategy: address, loss: uint256): # Loss can only be up the amount of debt issued to strategy totalDebt: uint256 = self.strategies[strategy].totalDebt assert totalDebt >= loss # Also, make sure we reduce our trust with the strategy by the amount of loss if self.debtRatio != 0: # if vault with single strategy that is set to EmergencyOne # NOTE: The context to this calculation is different than the calculation in `_reportLoss`, # this calculation intentionally approximates via `totalDebt` to avoid manipulatable results ratio_change: uint256 = min( # NOTE: This calculation isn't 100% precise, the adjustment is ~10%-20% more severe due to EVM math loss * self.debtRatio / self.totalDebt, self.strategies[strategy].debtRatio, ) self.strategies[strategy].debtRatio -= ratio_change self.debtRatio -= ratio_change # Finally, adjust our strategy's parameters by the loss self.strategies[strategy].totalLoss += loss self.strategies[strategy].totalDebt = totalDebt - loss self.totalDebt -= loss @external @nonreentrant("withdraw") def withdraw( maxShares: uint256 = MAX_UINT256, recipient: address = msg.sender, maxLoss: uint256 = 1, # 0.01% [BPS] ) -> uint256: """ @notice Withdraws the calling account's tokens from this Vault, redeeming amount `_shares` for an appropriate amount of tokens. See note on `setWithdrawalQueue` for further details of withdrawal ordering and behavior. @dev Measuring the value of shares is based on the total outstanding debt that this contract has ("expected value") instead of the total balance sheet it has ("estimated value") has important security considerations, and is done intentionally. If this value were measured against external systems, it could be purposely manipulated by an attacker to withdraw more assets than they otherwise should be able to claim by redeeming their shares. On withdrawal, this means that shares are redeemed against the total amount that the deposited capital had "realized" since the point it was deposited, up until the point it was withdrawn. If that number were to be higher than the "expected value" at some future point, withdrawing shares via this method could entitle the depositor to *more* than the expected value once the "realized value" is updated from further reports by the Strategies to the Vaults. Under exceptional scenarios, this could cause earlier withdrawals to earn "more" of the underlying assets than Users might otherwise be entitled to, if the Vault's estimated value were otherwise measured through external means, accounting for whatever exceptional scenarios exist for the Vault (that aren't covered by the Vault's own design.) In the situation where a large withdrawal happens, it can empty the vault balance and the strategies in the withdrawal queue. Strategies not in the withdrawal queue will have to be harvested to rebalance the funds and make the funds available again to withdraw. @param maxShares How many shares to try and redeem for tokens, defaults to all. @param recipient The address to issue the shares in this Vault to. Defaults to the caller's address. @param maxLoss The maximum acceptable loss to sustain on withdrawal. Defaults to 0.01%. @return The quantity of tokens redeemed for `_shares`. """ shares: uint256 = maxShares # May reduce this number below # Max Loss is <=100%, revert otherwise assert maxLoss <= MAX_BPS # If _shares not specified, transfer full share balance if shares == MAX_UINT256: shares = self.balanceOf[msg.sender] # Limit to only the shares they own assert shares <= self.balanceOf[msg.sender] # Ensure we are withdrawing something assert shares > 0 # See @dev note, above. value: uint256 = self._shareValue(shares) totalLoss: uint256 = 0 if value > self.token.balanceOf(self): # We need to go get some from our strategies in the withdrawal queue # NOTE: This performs forced withdrawals from each Strategy. During # forced withdrawal, a Strategy may realize a loss. That loss # is reported back to the Vault, and the will affect the amount # of tokens that the withdrawer receives for their shares. They # can optionally specify the maximum acceptable loss (in BPS) # to prevent excessive losses on their withdrawals (which may # happen in certain edge cases where Strategies realize a loss) for strategy in self.withdrawalQueue: if strategy == ZERO_ADDRESS: break # We've exhausted the queue vault_balance: uint256 = self.token.balanceOf(self) if value <= vault_balance: break # We're done withdrawing amountNeeded: uint256 = value - vault_balance # NOTE: Don't withdraw more than the debt so that Strategy can still # continue to work based on the profits it has # NOTE: This means that user will lose out on any profits that each # Strategy in the queue would return on next harvest, benefiting others amountNeeded = min(amountNeeded, self.strategies[strategy].totalDebt) if amountNeeded == 0: continue # Nothing to withdraw from this Strategy, try the next one # Force withdraw amount from each Strategy in the order set by governance loss: uint256 = Strategy(strategy).withdraw(amountNeeded) withdrawn: uint256 = self.token.balanceOf(self) - vault_balance # NOTE: Withdrawer incurs any losses from liquidation if loss > 0: value -= loss totalLoss += loss self._reportLoss(strategy, loss) # Reduce the Strategy's debt by the amount withdrawn ("realized returns") # NOTE: This doesn't add to returns as it's not earned by "normal means" self.strategies[strategy].totalDebt -= withdrawn self.totalDebt -= withdrawn # NOTE: We have withdrawn everything possible out of the withdrawal queue # but we still don't have enough to fully pay them back, so adjust # to the total amount we've freed up through forced withdrawals vault_balance: uint256 = self.token.balanceOf(self) if value > vault_balance: value = vault_balance # NOTE: Burn # of shares that corresponds to what Vault has on-hand, # including the losses that were incurred above during withdrawals shares = self._sharesForAmount(value + totalLoss) # NOTE: This loss protection is put in place to revert if losses from # withdrawing are more than what is considered acceptable. assert totalLoss <= maxLoss * (value + totalLoss) / MAX_BPS # Burn shares (full value of what is being withdrawn) self.totalSupply -= shares self.balanceOf[msg.sender] -= shares log Transfer(msg.sender, ZERO_ADDRESS, shares) # Withdraw remaining balance to _recipient (may be different to msg.sender) (minus fee) self.erc20_safe_transfer(self.token.address, recipient, value) return value @view @external def pricePerShare() -> uint256: """ @notice Gives the price for a single Vault share. @dev See dev note on `withdraw`. @return The value of a single share. """ return self._shareValue(10 ** self.decimals) @internal def _organizeWithdrawalQueue(): # Reorganize `withdrawalQueue` based on premise that if there is an # empty value between two actual values, then the empty value should be # replaced by the later value. # NOTE: Relative ordering of non-zero values is maintained. offset: uint256 = 0 for idx in range(MAXIMUM_STRATEGIES): strategy: address = self.withdrawalQueue[idx] if strategy == ZERO_ADDRESS: offset += 1 # how many values we need to shift, always `<= idx` elif offset > 0: self.withdrawalQueue[idx - offset] = strategy self.withdrawalQueue[idx] = ZERO_ADDRESS @external def addStrategy( strategy: address, debtRatio: uint256, minDebtPerHarvest: uint256, maxDebtPerHarvest: uint256, performanceFee: uint256, ): """ @notice Add a Strategy to the Vault. This may only be called by governance. @dev The Strategy will be appended to `withdrawalQueue`, call `setWithdrawalQueue` to change the order. @param strategy The address of the Strategy to add. @param debtRatio The share of the total assets in the `vault that the `strategy` has access to. @param minDebtPerHarvest Lower limit on the increase of debt since last harvest @param maxDebtPerHarvest Upper limit on the increase of debt since last harvest @param performanceFee The fee the strategist will receive based on this Vault's performance. """ # Check if queue is full assert self.withdrawalQueue[MAXIMUM_STRATEGIES - 1] == ZERO_ADDRESS # Check calling conditions assert not self.emergencyShutdown assert msg.sender == self.governance # Check strategy configuration assert strategy != ZERO_ADDRESS assert self.strategies[strategy].activation == 0 assert self == Strategy(strategy).vault() assert self.token.address == Strategy(strategy).want() # Check strategy parameters assert self.debtRatio + debtRatio <= MAX_BPS assert minDebtPerHarvest <= maxDebtPerHarvest assert performanceFee <= MAX_BPS / 2 # Add strategy to approved strategies self.strategies[strategy] = StrategyParams({ performanceFee: performanceFee, activation: block.timestamp, debtRatio: debtRatio, minDebtPerHarvest: minDebtPerHarvest, maxDebtPerHarvest: maxDebtPerHarvest, lastReport: block.timestamp, totalDebt: 0, totalGain: 0, totalLoss: 0, }) log StrategyAdded(strategy, debtRatio, minDebtPerHarvest, maxDebtPerHarvest, performanceFee) # Update Vault parameters self.debtRatio += debtRatio # Add strategy to the end of the withdrawal queue self.withdrawalQueue[MAXIMUM_STRATEGIES - 1] = strategy self._organizeWithdrawalQueue() @external def updateStrategyDebtRatio( strategy: address, debtRatio: uint256, ): """ @notice Change the quantity of assets `strategy` may manage. This may be called by governance or management. @param strategy The Strategy to update. @param debtRatio The quantity of assets `strategy` may now manage. """ assert msg.sender in [self.management, self.governance] assert self.strategies[strategy].activation > 0 self.debtRatio -= self.strategies[strategy].debtRatio self.strategies[strategy].debtRatio = debtRatio self.debtRatio += debtRatio assert self.debtRatio <= MAX_BPS log StrategyUpdateDebtRatio(strategy, debtRatio) @external def updateStrategyMinDebtPerHarvest( strategy: address, minDebtPerHarvest: uint256, ): """ @notice Change the quantity assets per block this Vault may deposit to or withdraw from `strategy`. This may only be called by governance or management. @param strategy The Strategy to update. @param minDebtPerHarvest Lower limit on the increase of debt since last harvest """ assert msg.sender in [self.management, self.governance] assert self.strategies[strategy].activation > 0 assert self.strategies[strategy].maxDebtPerHarvest >= minDebtPerHarvest self.strategies[strategy].minDebtPerHarvest = minDebtPerHarvest log StrategyUpdateMinDebtPerHarvest(strategy, minDebtPerHarvest) @external def updateStrategyMaxDebtPerHarvest( strategy: address, maxDebtPerHarvest: uint256, ): """ @notice Change the quantity assets per block this Vault may deposit to or withdraw from `strategy`. This may only be called by governance or management. @param strategy The Strategy to update. @param maxDebtPerHarvest Upper limit on the increase of debt since last harvest """ assert msg.sender in [self.management, self.governance] assert self.strategies[strategy].activation > 0 assert self.strategies[strategy].minDebtPerHarvest <= maxDebtPerHarvest self.strategies[strategy].maxDebtPerHarvest = maxDebtPerHarvest log StrategyUpdateMaxDebtPerHarvest(strategy, maxDebtPerHarvest) @external def updateStrategyPerformanceFee( strategy: address, performanceFee: uint256, ): """ @notice Change the fee the strategist will receive based on this Vault's performance. This may only be called by governance. @param strategy The Strategy to update. @param performanceFee The new fee the strategist will receive. """ assert msg.sender == self.governance assert performanceFee <= MAX_BPS / 2 assert self.strategies[strategy].activation > 0 self.strategies[strategy].performanceFee = performanceFee log StrategyUpdatePerformanceFee(strategy, performanceFee) @internal def _revokeStrategy(strategy: address): self.debtRatio -= self.strategies[strategy].debtRatio self.strategies[strategy].debtRatio = 0 log StrategyRevoked(strategy) @external def migrateStrategy(oldVersion: address, newVersion: address): """ @notice Migrates a Strategy, including all assets from `oldVersion` to `newVersion`. This may only be called by governance. @dev Strategy must successfully migrate all capital and positions to new Strategy, or else this will upset the balance of the Vault. The new Strategy should be "empty" e.g. have no prior commitments to this Vault, otherwise it could have issues. @param oldVersion The existing Strategy to migrate from. @param newVersion The new Strategy to migrate to. """ assert msg.sender == self.governance assert newVersion != ZERO_ADDRESS assert self.strategies[oldVersion].activation > 0 assert self.strategies[newVersion].activation == 0 strategy: StrategyParams = self.strategies[oldVersion] self._revokeStrategy(oldVersion) # _revokeStrategy will lower the debtRatio self.debtRatio += strategy.debtRatio # Debt is migrated to new strategy self.strategies[oldVersion].totalDebt = 0 self.strategies[newVersion] = StrategyParams({ performanceFee: strategy.performanceFee, # NOTE: use last report for activation time, so E[R] calc works activation: strategy.lastReport, debtRatio: strategy.debtRatio, minDebtPerHarvest: strategy.minDebtPerHarvest, maxDebtPerHarvest: strategy.maxDebtPerHarvest, lastReport: strategy.lastReport, totalDebt: strategy.totalDebt, totalGain: 0, totalLoss: 0, }) Strategy(oldVersion).migrate(newVersion) log StrategyMigrated(oldVersion, newVersion) for idx in range(MAXIMUM_STRATEGIES): if self.withdrawalQueue[idx] == oldVersion: self.withdrawalQueue[idx] = newVersion return # Don't need to reorder anything because we swapped @external def revokeStrategy(strategy: address = msg.sender): """ @notice Revoke a Strategy, setting its debt limit to 0 and preventing any future deposits. This function should only be used in the scenario where the Strategy is being retired but no migration of the positions are possible, or in the extreme scenario that the Strategy needs to be put into "Emergency Exit" mode in order for it to exit as quickly as possible. The latter scenario could be for any reason that is considered "critical" that the Strategy exits its position as fast as possible, such as a sudden change in market conditions leading to losses, or an imminent failure in an external dependency. This may only be called by governance, the guardian, or the Strategy itself. Note that a Strategy will only revoke itself during emergency shutdown. @param strategy The Strategy to revoke. """ assert msg.sender in [strategy, self.governance, self.guardian] assert self.strategies[strategy].debtRatio != 0 # dev: already zero self._revokeStrategy(strategy) @external def addStrategyToQueue(strategy: address): """ @notice Adds `strategy` to `withdrawalQueue`. This may only be called by governance or management. @dev The Strategy will be appended to `withdrawalQueue`, call `setWithdrawalQueue` to change the order. @param strategy The Strategy to add. """ assert msg.sender in [self.management, self.governance] # Must be a current Strategy assert self.strategies[strategy].activation > 0 # Can't already be in the queue last_idx: uint256 = 0 for s in self.withdrawalQueue: if s == ZERO_ADDRESS: break assert s != strategy last_idx += 1 # Check if queue is full assert last_idx < MAXIMUM_STRATEGIES self.withdrawalQueue[MAXIMUM_STRATEGIES - 1] = strategy self._organizeWithdrawalQueue() log StrategyAddedToQueue(strategy) @external def removeStrategyFromQueue(strategy: address): """ @notice Remove `strategy` from `withdrawalQueue`. This may only be called by governance or management. @dev We don't do this with revokeStrategy because it should still be possible to withdraw from the Strategy if it's unwinding. @param strategy The Strategy to remove. """ assert msg.sender in [self.management, self.governance] for idx in range(MAXIMUM_STRATEGIES): if self.withdrawalQueue[idx] == strategy: self.withdrawalQueue[idx] = ZERO_ADDRESS self._organizeWithdrawalQueue() log StrategyRemovedFromQueue(strategy) return # We found the right location and cleared it raise # We didn't find the Strategy in the queue @view @internal def _debtOutstanding(strategy: address) -> uint256: # See note on `debtOutstanding()`. if self.debtRatio == 0: return self.strategies[strategy].totalDebt strategy_debtLimit: uint256 = ( self.strategies[strategy].debtRatio * self._totalAssets() / MAX_BPS ) strategy_totalDebt: uint256 = self.strategies[strategy].totalDebt if self.emergencyShutdown: return strategy_totalDebt elif strategy_totalDebt <= strategy_debtLimit: return 0 else: return strategy_totalDebt - strategy_debtLimit @view @external def debtOutstanding(strategy: address = msg.sender) -> uint256: """ @notice Determines if `strategy` is past its debt limit and if any tokens should be withdrawn to the Vault. @param strategy The Strategy to check. Defaults to the caller. @return The quantity of tokens to withdraw. """ return self._debtOutstanding(strategy) @view @internal def _creditAvailable(strategy: address) -> uint256: # See note on `creditAvailable()`. if self.emergencyShutdown: return 0 vault_totalAssets: uint256 = self._totalAssets() vault_debtLimit: uint256 = self.debtRatio * vault_totalAssets / MAX_BPS vault_totalDebt: uint256 = self.totalDebt strategy_debtLimit: uint256 = self.strategies[strategy].debtRatio * vault_totalAssets / MAX_BPS strategy_totalDebt: uint256 = self.strategies[strategy].totalDebt strategy_minDebtPerHarvest: uint256 = self.strategies[strategy].minDebtPerHarvest strategy_maxDebtPerHarvest: uint256 = self.strategies[strategy].maxDebtPerHarvest # Exhausted credit line if strategy_debtLimit <= strategy_totalDebt or vault_debtLimit <= vault_totalDebt: return 0 # Start with debt limit left for the Strategy available: uint256 = strategy_debtLimit - strategy_totalDebt # Adjust by the global debt limit left available = min(available, vault_debtLimit - vault_totalDebt) # Can only borrow up to what the contract has in reserve # NOTE: Running near 100% is discouraged available = min(available, self.token.balanceOf(self)) # Adjust by min and max borrow limits (per harvest) # NOTE: min increase can be used to ensure that if a strategy has a minimum # amount of capital needed to purchase a position, it's not given capital # it can't make use of yet. # NOTE: max increase is used to make sure each harvest isn't bigger than what # is authorized. This combined with adjusting min and max periods in # `BaseStrategy` can be used to effect a "rate limit" on capital increase. if available < strategy_minDebtPerHarvest: return 0 else: return min(available, strategy_maxDebtPerHarvest) @view @external def creditAvailable(strategy: address = msg.sender) -> uint256: """ @notice Amount of tokens in Vault a Strategy has access to as a credit line. This will check the Strategy's debt limit, as well as the tokens available in the Vault, and determine the maximum amount of tokens (if any) the Strategy may draw on. In the rare case the Vault is in emergency shutdown this will return 0. @param strategy The Strategy to check. Defaults to caller. @return The quantity of tokens available for the Strategy to draw on. """ return self._creditAvailable(strategy) @view @internal def _expectedReturn(strategy: address) -> uint256: # See note on `expectedReturn()`. strategy_lastReport: uint256 = self.strategies[strategy].lastReport timeSinceLastHarvest: uint256 = block.timestamp - strategy_lastReport totalHarvestTime: uint256 = strategy_lastReport - self.strategies[strategy].activation # NOTE: If either `timeSinceLastHarvest` or `totalHarvestTime` is 0, we can short-circuit to `0` if timeSinceLastHarvest > 0 and totalHarvestTime > 0 and Strategy(strategy).isActive(): # NOTE: Unlikely to throw unless strategy accumalates >1e68 returns # NOTE: Calculate average over period of time where harvests have occured in the past return ( self.strategies[strategy].totalGain * timeSinceLastHarvest / totalHarvestTime ) else: return 0 # Covers the scenario when block.timestamp == activation @view @external def availableDepositLimit() -> uint256: if self.depositLimit > self._totalAssets(): return self.depositLimit - self._totalAssets() else: return 0 @view @external def expectedReturn(strategy: address = msg.sender) -> uint256: """ @notice Provide an accurate expected value for the return this `strategy` would provide to the Vault the next time `report()` is called (since the last time it was called). @param strategy The Strategy to determine the expected return for. Defaults to caller. @return The anticipated amount `strategy` should make on its investment since its last report. """ return self._expectedReturn(strategy) @internal def _assessFees(strategy: address, gain: uint256) -> uint256: # Issue new shares to cover fees # NOTE: In effect, this reduces overall share price by the combined fee # NOTE: may throw if Vault.totalAssets() > 1e64, or not called for more than a year duration: uint256 = block.timestamp - self.strategies[strategy].lastReport assert duration != 0 # can't assessFees twice within the same block if gain == 0: # NOTE: The fees are not charged if there hasn't been any gains reported return 0 management_fee: uint256 = ( ( (self.strategies[strategy].totalDebt - Strategy(strategy).delegatedAssets()) * duration * self.managementFee ) / MAX_BPS / SECS_PER_YEAR ) # NOTE: Applies if Strategy is not shutting down, or it is but all debt paid off # NOTE: No fee is taken when a Strategy is unwinding it's position, until all debt is paid strategist_fee: uint256 = ( gain * self.strategies[strategy].performanceFee / MAX_BPS ) # NOTE: Unlikely to throw unless strategy reports >1e72 harvest profit performance_fee: uint256 = gain * self.performanceFee / MAX_BPS # NOTE: This must be called prior to taking new collateral, # or the calculation will be wrong! # NOTE: This must be done at the same time, to ensure the relative # ratio of governance_fee : strategist_fee is kept intact total_fee: uint256 = performance_fee + strategist_fee + management_fee # ensure total_fee is not more than gain if total_fee > gain: total_fee = gain if total_fee > 0: # NOTE: If mgmt fee is 0% and no gains were realized, skip reward: uint256 = self._issueSharesForAmount(self, total_fee) # Send the rewards out as new shares in this Vault if strategist_fee > 0: # NOTE: Guard against DIV/0 fault # NOTE: Unlikely to throw unless sqrt(reward) >>> 1e39 strategist_reward: uint256 = ( strategist_fee * reward / total_fee ) self._transfer(self, strategy, strategist_reward) # NOTE: Strategy distributes rewards at the end of harvest() # NOTE: Governance earns any dust leftover from flooring math above if self.balanceOf[self] > 0: self._transfer(self, self.rewards, self.balanceOf[self]) return total_fee @external def report(gain: uint256, loss: uint256, _debtPayment: uint256) -> uint256: """ @notice Reports the amount of assets the calling Strategy has free (usually in terms of ROI). The performance fee is determined here, off of the strategy's profits (if any), and sent to governance. The strategist's fee is also determined here (off of profits), to be handled according to the strategist on the next harvest. This may only be called by a Strategy managed by this Vault. @dev For approved strategies, this is the most efficient behavior. The Strategy reports back what it has free, then Vault "decides" whether to take some back or give it more. Note that the most it can take is `gain + _debtPayment`, and the most it can give is all of the remaining reserves. Anything outside of those bounds is abnormal behavior. All approved strategies must have increased diligence around calling this function, as abnormal behavior could become catastrophic. @param gain Amount Strategy has realized as a gain on it's investment since its last report, and is free to be given back to Vault as earnings @param loss Amount Strategy has realized as a loss on it's investment since its last report, and should be accounted for on the Vault's balance sheet. The loss will reduce the debtRatio. The next time the strategy will harvest, it will pay back the debt in an attempt to adjust to the new debt limit. @param _debtPayment Amount Strategy has made available to cover outstanding debt @return Amount of debt outstanding (if totalDebt > debtLimit or emergency shutdown). """ # Only approved strategies can call this function assert self.strategies[msg.sender].activation > 0 # No lying about total available to withdraw! assert self.token.balanceOf(msg.sender) >= gain + _debtPayment # We have a loss to report, do it before the rest of the calculations if loss > 0: self._reportLoss(msg.sender, loss) # Assess both management fee and performance fee, and issue both as shares of the vault totalFees: uint256 = self._assessFees(msg.sender, gain) # Returns are always "realized gains" self.strategies[msg.sender].totalGain += gain # Compute the line of credit the Vault is able to offer the Strategy (if any) credit: uint256 = self._creditAvailable(msg.sender) # Outstanding debt the Strategy wants to take back from the Vault (if any) # NOTE: debtOutstanding <= StrategyParams.totalDebt debt: uint256 = self._debtOutstanding(msg.sender) debtPayment: uint256 = min(_debtPayment, debt) if debtPayment > 0: self.strategies[msg.sender].totalDebt -= debtPayment self.totalDebt -= debtPayment debt -= debtPayment # NOTE: `debt` is being tracked for later # Update the actual debt based on the full credit we are extending to the Strategy # or the returns if we are taking funds back # NOTE: credit + self.strategies[msg.sender].totalDebt is always < self.debtLimit # NOTE: At least one of `credit` or `debt` is always 0 (both can be 0) if credit > 0: self.strategies[msg.sender].totalDebt += credit self.totalDebt += credit # Give/take balance to Strategy, based on the difference between the reported gains # (if any), the debt payment (if any), the credit increase we are offering (if any), # and the debt needed to be paid off (if any) # NOTE: This is just used to adjust the balance of tokens between the Strategy and # the Vault based on the Strategy's debt limit (as well as the Vault's). totalAvail: uint256 = gain + debtPayment if totalAvail < credit: # credit surplus, give to Strategy self.erc20_safe_transfer(self.token.address, msg.sender, credit - totalAvail) elif totalAvail > credit: # credit deficit, take from Strategy self.erc20_safe_transferFrom(self.token.address, msg.sender, self, totalAvail - credit) # else, don't do anything because it is balanced # Profit is locked and gradually released per block # NOTE: compute current locked profit and replace with sum of current and new lockedProfitBeforeLoss: uint256 = self._calculateLockedProfit() + gain - totalFees if lockedProfitBeforeLoss > loss: self.lockedProfit = lockedProfitBeforeLoss - loss else: self.lockedProfit = 0 # Update reporting time self.strategies[msg.sender].lastReport = block.timestamp self.lastReport = block.timestamp log StrategyReported( msg.sender, gain, loss, debtPayment, self.strategies[msg.sender].totalGain, self.strategies[msg.sender].totalLoss, self.strategies[msg.sender].totalDebt, credit, self.strategies[msg.sender].debtRatio, ) if self.strategies[msg.sender].debtRatio == 0 or self.emergencyShutdown: # Take every last penny the Strategy has (Emergency Exit/revokeStrategy) # NOTE: This is different than `debt` in order to extract *all* of the returns return Strategy(msg.sender).estimatedTotalAssets() else: # Otherwise, just return what we have as debt outstanding return debt @external def sweep(token: address, amount: uint256 = MAX_UINT256): """ @notice Removes tokens from this Vault that are not the type of token managed by this Vault. This may be used in case of accidentally sending the wrong kind of token to this Vault. Tokens will be sent to `governance`. This will fail if an attempt is made to sweep the tokens that this Vault manages. This may only be called by governance. @param token The token to transfer out of this vault. @param amount The quantity or tokenId to transfer out. """ assert msg.sender == self.governance # Can't be used to steal what this Vault is protecting assert token != self.token.address value: uint256 = amount if value == MAX_UINT256: value = ERC20(token).balanceOf(self) self.erc20_safe_transfer(token, self.governance, value)
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