FluidVaultRewards
This contract is designed to adjust the supply rate magnifier for a vault based on the current collateral supply & supply rate. The adjustment aims to dynamically scale the rewards given to lenders as the TVL in the vault changes.
The magnifier is adjusted based on a regular most used reward type where rewardRate = totalRewardsAnnually / totalSupply. Reward rate is applied by adjusting the supply magnifier on vault. Adjustments are made via the rebalance function, which is restricted to be called by designated rebalancers only.
validAddress
modifier validAddress(address value_)Validates that an address is not the zero address
onlyRebalancer
modifier onlyRebalancer()Validates that an address is a rebalancer (taken from reserve contract)
constructor
constructor(contract IFluidReserveContract reserveContract_, contract IFluidVaultT1 vault_, contract IFluidLiquidity liquidity_, uint256 rewardsAmt_, uint256 duration_, address initiator_, address collateralToken_) publicConstructs the FluidVaultRewards contract.
Parameters
| Name | Type | Description |
|---|---|---|
| reserveContract_ | contract IFluidReserveContract | The address of the reserve contract where rebalancers are defined. |
| vault_ | contract IFluidVaultT1 | The vault to which this contract will apply new magnifier parameter. |
| liquidity_ | contract IFluidLiquidity | Fluid liquidity address |
| rewardsAmt_ | uint256 | Amounts of rewards to distribute |
| duration_ | uint256 | rewards duration |
| initiator_ | address | address that can start rewards with start() |
| collateralToken_ | address | vault collateral token address |
rebalance
function rebalance() externalRebalances the supply rate magnifier based on the current collateral supply. Can only be called by an authorized rebalancer.
calculateMagnifier
function calculateMagnifier() public view returns (uint256 magnifier_, bool ended_)Calculates the new supply rate magnifier based on the current collateral supply (vaultTVL()).
Return Values
| Name | Type | Description |
|---|---|---|
| magnifier_ | uint256 | The calculated magnifier value. |
| ended_ | bool |
currentMagnifier
function currentMagnifier() public view returns (uint256)returns the currently configured supply magnifier at the VAULT.
vaultTVL
function vaultTVL() public view returns (uint256 tvl_)returns the current total value locked as collateral (TVL) in the VAULT.
getSupplyRate
function getSupplyRate() public view returns (uint256 supplyRate_)start
function start() external