FluidEthenaRateConfigHandler

Git Source

Inherits:Variables, Error, Events

Sets borrow rate for sUSDe/debtToken vaults based on sUSDe yield rate, by adjusting the borrowRateMagnifier

Functions

validAddress

Validates that an address is not the zero address

modifier validAddress(address value_);

onlyRebalancer

Validates that an address is a rebalancer (taken from reserve contract)

modifier onlyRebalancer();

constructor

constructor(
    IFluidReserveContract reserveContract_,
    IFluidLiquidity liquidity_,
    IFluidVaultT1 vault_,
    IStakedUSDe stakedUSDe_,
    address borrowToken_,
    uint256 ratePercentMargin_,
    uint256 maxRewardsDelay_,
    uint256 utilizationPenaltyStart_,
    uint256 utilization100PenaltyPercent_
)
    validAddress(address(reserveContract_))
    validAddress(address(liquidity_))
    validAddress(address(vault_))
    validAddress(address(stakedUSDe_))
    validAddress(borrowToken_);

rebalance

Rebalances the borrow rate magnifier for VAULT based on borrow rate at Liquidity in relation to sUSDe yield rate (getSUSDEYieldRate()). Emits LogUpdateBorrowRateMagnifier in case of update. Reverts if no update is needed. Can only be called by an authorized rebalancer.

function rebalance() external onlyRebalancer;

calculateMagnifier

Calculates the new borrow rate magnifier based on sUSDe yield rate and utilization

function calculateMagnifier() public view returns (uint256 magnifier_);

Returns

Name	Type	Description
magnifier_	uint256	the calculated magnifier value.

currentMagnifier

returns the currently configured borrow magnifier at the VAULT.

function currentMagnifier() public view returns (uint256);

getSUSDeYieldRate

calculates updated vesting yield rate based on vestingAmount and totalAssets of StakedUSDe contract

function getSUSDeYieldRate() public view returns (uint256 rate_);

Returns

Name	Type	Description
rate_	uint256	sUSDe yearly yield rate scaled by 1e18 (1e18 = 1%, 1e20 = 100%)