Architecture
Last updated
Last updated
Scoped permissions may be delegated to a human manager EOA responsible to execute the strategy and handle operations on behalf of depositors. It does so without directly interacting with funds and through only executing premissioned actions.
Scoped permissions for execution may be delegated to a script. Script may be deployed as:
On-chain contract
Off-chain script (or ML/AI computation)
In both cases, Rethink provides an environment with minimal trust assumptions (contract or script will not be able to execute transactions outside of the scope of permissions).
Admin Contract settles the deposit and redemption requests upon updated NAV calculation, automates fee distribution, and optionally enables whitelist.
Management Fee
Performance Fee
Hurdle Rate
Entrance Fee
Exit Fee
Fee recipient address for every fee type
NAV Calculator Contract calculates the net asset value (NAV) of all types of underlying positions:
NAV Liquid Spot
NAV Illiquid
NAV DeFi Composable
It requires an approved NAV calculation method for each position.
Governance token
Voting delay
Voting period
Proposal threshold
Quorum (%)
Manager address
Target address
Associated permissions
Responsible for deploying all relevant smart contracts that together enable vaults (Admin Contract, NAV Calculator Contract, , , and ).
The (aka. Smart Accounts) is the most trusted custody contract standard in DeFi. It's responsible for the custody of all underlying positions of a vault. Operations execution is handled either through governance directly or delegated permissions for a manager through Safe Role Mod. The owner of the custody contract is a governance contract.
Using primitives for on-chain governance for a given vault. The following parameters are governed through governance tokens.
The enables to define roles with specific permissions and assign them to the Manager. These roles can independently interact with approved addresses, functions, and variables they've been given access to, bypassing default execution through governance. Permissions are delegated though governance.
