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Accountant

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Will charge fees, issue refunds, and run health check on any reported gains or losses during a strategy's report.

State Variables​

MAX_BPS​

Constant defining the maximum basis points.

uint256 internal constant MAX_BPS = 10_000;

SECS_PER_YEAR​

Constant defining the number of seconds in a year.

uint256 internal constant SECS_PER_YEAR = 31_556_952;

MANAGEMENT_FEE_THRESHOLD​

Constant defining the management fee threshold.

uint16 public constant MANAGEMENT_FEE_THRESHOLD = 200;

PERFORMANCE_FEE_THRESHOLD​

Constant defining the performance fee threshold.

uint16 public constant PERFORMANCE_FEE_THRESHOLD = 5_000;

maxLoss​

The amount of max loss to use when redeeming from vaults.

uint256 public maxLoss;

feeManager​

The address of the fee manager.

address public feeManager;

feeRecipient​

The address of the fee recipient.

address public feeRecipient;

vaultManager​

An address that can add or remove vaults.

address public vaultManager;

futureFeeManager​

The address of the future fee manager.

address public futureFeeManager;

defaultConfig​

The default fee configuration.

Fee public defaultConfig;

vaults​

Mapping to track added vaults.

mapping(address => bool) public vaults;

customConfig​

Mapping vault => custom Fee config if any.

mapping(address => Fee) public customConfig;

skipHealthCheck​

Mapping vault => strategy => flag for one time healthcheck skips.

mapping(address => mapping(address => bool)) skipHealthCheck;

Functions​

onlyFeeManager​

modifier onlyFeeManager();

onlyVaultOrFeeManager​

modifier onlyVaultOrFeeManager();

onlyFeeManagerOrRecipient​

modifier onlyFeeManagerOrRecipient();

onlyAddedVaults​

modifier onlyAddedVaults();

_checkFeeManager​

function _checkFeeManager() internal view virtual;

_checkVaultOrFeeManager​

function _checkVaultOrFeeManager() internal view virtual;

_checkFeeManagerOrRecipient​

function _checkFeeManagerOrRecipient() internal view virtual;

_checkVaultIsAdded​

function _checkVaultIsAdded() internal view virtual;

constructor​

constructor(
    address _feeManager,
    address _feeRecipient,
    uint16 defaultManagement,
    uint16 defaultPerformance,
    uint16 defaultRefund,
    uint16 defaultMaxFee,
    uint16 defaultMaxGain,
    uint16 defaultMaxLoss
);

report​

Called by a vault when a strategy is reporting.

The msg.sender must have been added to the vaults mapping.

function report(address strategy, uint256 gain, uint256 loss)
    public
    virtual
    onlyAddedVaults
    returns (uint256 totalFees, uint256 totalRefunds);

Parameters

NameTypeDescription
strategyaddressAddress of the strategy reporting.
gainuint256Amount of the gain if any.
lossuint256Amount of the loss if any.

Returns

NameTypeDescription
totalFeesuint256if any to charge.
totalRefundsuint256if any for the vault to pull.

addVault​

Function to add a new vault for this accountant to charge fees for.

This is not used to set any of the fees for the specific vault or strategy. Each fee will be set separately.

function addVault(address vault) external virtual onlyVaultOrFeeManager;

Parameters

NameTypeDescription
vaultaddressThe address of a vault to allow to use this accountant.

removeVault​

Function to remove a vault from this accountant's fee charging list.

function removeVault(address vault) external virtual onlyVaultOrFeeManager;

Parameters

NameTypeDescription
vaultaddressThe address of the vault to be removed from this accountant.

updateDefaultConfig​

Function to update the default fee configuration used for all strategies that don't have a custom config set.

function updateDefaultConfig(
    uint16 defaultManagement,
    uint16 defaultPerformance,
    uint16 defaultRefund,
    uint16 defaultMaxFee,
    uint16 defaultMaxGain,
    uint16 defaultMaxLoss
) external virtual onlyFeeManager;

Parameters

NameTypeDescription
defaultManagementuint16Default annual management fee to charge.
defaultPerformanceuint16Default performance fee to charge.
defaultRefunduint16Default refund ratio to give back on losses.
defaultMaxFeeuint16Default max fee to allow as a percent of gain.
defaultMaxGainuint16Default max percent gain a strategy can report.
defaultMaxLossuint16Default max percent loss a strategy can report.

_updateDefaultConfig​

Updates the Accountant's default fee config. Is used during deployment and during any future updates.

function _updateDefaultConfig(
    uint16 defaultManagement,
    uint16 defaultPerformance,
    uint16 defaultRefund,
    uint16 defaultMaxFee,
    uint16 defaultMaxGain,
    uint16 defaultMaxLoss
) internal virtual;

setCustomConfig​

Function to set a custom fee configuration for a specific vault.

function setCustomConfig(
    address vault,
    uint16 customManagement,
    uint16 customPerformance,
    uint16 customRefund,
    uint16 customMaxFee,
    uint16 customMaxGain,
    uint16 customMaxLoss
) external virtual onlyFeeManager;

Parameters

NameTypeDescription
vaultaddressThe vault the strategy is hooked up to.
customManagementuint16Custom annual management fee to charge.
customPerformanceuint16Custom performance fee to charge.
customRefunduint16Custom refund ratio to give back on losses.
customMaxFeeuint16Custom max fee to allow as a percent of gain.
customMaxGainuint16Custom max percent gain a strategy can report.
customMaxLossuint16Custom max percent loss a strategy can report.

removeCustomConfig​

Function to remove a previously set custom fee configuration for a vault.

function removeCustomConfig(address vault) external virtual onlyFeeManager;

Parameters

NameTypeDescription
vaultaddressThe vault to remove custom setting for.

turnOffHealthCheck​

Turn off the health check for a specific vault strategy combo.

This will only last for one report and get automatically turned back on.

function turnOffHealthCheck(address vault, address strategy) external virtual onlyFeeManager;

Parameters

NameTypeDescription
vaultaddressAddress of the vault.
strategyaddressAddress of the strategy.

useCustomConfig​

Public getter to check for custom setting.

We use uint256 for the flag since its cheaper so this will convert it to a bool for easy view functions.

function useCustomConfig(address vault) external view virtual returns (bool);

Parameters

NameTypeDescription
vaultaddressAddress of the vault.

Returns

NameTypeDescription
<none>boolIf a custom fee config is set.

getVaultConfig​

Get the full config used for a specific vault.

function getVaultConfig(address vault) external view returns (Fee memory fee);

Parameters

NameTypeDescription
vaultaddressAddress of the vault.

Returns

NameTypeDescription
feeFeeThe config that would be used during the report.

redeemUnderlying​

Function to redeem the underlying asset from a vault.

Will default to using the full balance of the vault.

function redeemUnderlying(address vault) external virtual;

Parameters

NameTypeDescription
vaultaddressThe vault to redeem from.

redeemUnderlying​

Function to redeem the underlying asset from a vault.

function redeemUnderlying(address vault, uint256 amount) public virtual onlyFeeManager;

Parameters

NameTypeDescription
vaultaddressThe vault to redeem from.
amountuint256The amount in vault shares to redeem.

setMaxLoss​

Sets the maxLoss parameter to be used on redeems.

function setMaxLoss(uint256 _maxLoss) external virtual onlyFeeManager;

Parameters

NameTypeDescription
_maxLossuint256The amount in basis points to set as the maximum loss.

distribute​

Function to distribute all accumulated fees to the designated recipient.

function distribute(address token) external virtual;

Parameters

NameTypeDescription
tokenaddressThe token to distribute.

distribute​

Function to distribute accumulated fees to the designated recipient.

function distribute(address token, uint256 amount) public virtual onlyFeeManagerOrRecipient;

Parameters

NameTypeDescription
tokenaddressThe token to distribute.
amountuint256amount of token to distribute.

setFutureFeeManager​

Function to set a future fee manager address.

function setFutureFeeManager(address _futureFeeManager) external virtual onlyFeeManager;

Parameters

NameTypeDescription
_futureFeeManageraddressThe address to set as the future fee manager.

acceptFeeManager​

Function to accept the role change and become the new fee manager.

This function allows the future fee manager to accept the role change and become the new fee manager.

function acceptFeeManager() external virtual;

setVaultManager​

Function to set a new vault manager.

function setVaultManager(address newVaultManager) external virtual onlyFeeManager;

Parameters

NameTypeDescription
newVaultManageraddressAddress to add or remove vaults.

setFeeRecipient​

Function to set a new address to receive distributed rewards.

function setFeeRecipient(address newFeeRecipient) external virtual onlyFeeManager;

Parameters

NameTypeDescription
newFeeRecipientaddressAddress to receive distributed fees.

_checkAllowance​

Internal safe function to make sure the contract you want to interact with has enough allowance to pull the desired tokens.

function _checkAllowance(address _contract, address _token, uint256 _amount) internal;

Parameters

NameTypeDescription
_contractaddressThe address of the contract that will move the token.
_tokenaddressThe ERC-20 token that will be getting spent.
_amountuint256The amount of _token to be spent.

Events​

VaultChanged​

An event emitted when a vault is added or removed.

event VaultChanged(address indexed vault, ChangeType change);

UpdateDefaultFeeConfig​

An event emitted when the default fee configuration is updated.

event UpdateDefaultFeeConfig(Fee defaultFeeConfig);

SetFutureFeeManager​

An event emitted when the future fee manager is set.

event SetFutureFeeManager(address indexed futureFeeManager);

NewFeeManager​

An event emitted when a new fee manager is accepted.

event NewFeeManager(address indexed feeManager);

UpdateVaultManager​

An event emitted when a new vault manager is set.

event UpdateVaultManager(address indexed newVaultManager);

UpdateFeeRecipient​

An event emitted when the fee recipient is updated.

event UpdateFeeRecipient(address indexed oldFeeRecipient, address indexed newFeeRecipient);

UpdateCustomFeeConfig​

An event emitted when a custom fee configuration is updated.

event UpdateCustomFeeConfig(address indexed vault, Fee custom_config);

RemovedCustomFeeConfig​

An event emitted when a custom fee configuration is removed.

event RemovedCustomFeeConfig(address indexed vault);

UpdateMaxLoss​

An event emitted when the maxLoss parameter is updated.

event UpdateMaxLoss(uint256 maxLoss);

DistributeRewards​

An event emitted when rewards are distributed.

event DistributeRewards(address indexed token, uint256 rewards);

Structs​

Fee​

Struct representing fee details.

struct Fee {
    uint16 managementFee;
    uint16 performanceFee;
    uint16 refundRatio;
    uint16 maxFee;
    uint16 maxGain;
    uint16 maxLoss;
    bool custom;
}

Enums​

ChangeType​

Enum defining change types (added or removed).

enum ChangeType {
    NULL,
    ADDED,
    REMOVED
}
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