GainsVault

Documentation for eth_defi.erc_4626.vault_protocol.gains.vault.GainsVault Python class.

class GainsVault

Bases: eth_defi.erc_4626.vault.ERC4626Vault

Gains-like vault support.

This covers gToken smart contract based vaults:

Gains (gTrade) GToken vaults
Ostium LPs
For example see gUSDC vault implementation contract

GToken is an ERC-4626 compatible vault with a custom functions and logic for redemptions. We provide a logic to handle this custom logic in eth_defi.gains.deposit_redeem.GainsDepositManager.

Gains has custom withdrawal and PnL mechanism to smooth out losses, based on epochs

For more examples see Tutorials.

Deposit and redeem example:

vault: GainsVault = create_vault_instance_autodetect(web3, "0xd3443ee1e91af28e5fb858fbd0d72a63ba8046e0")

amount = Decimal(100)

tx_hash = usdc.approve(
    vault.address,
    amount,
).transact({"from": test_user})
assert_transaction_success_with_explanation(web3, tx_hash)

bound_func = deposit_4626(
    vault,
    test_user,
    amount,
)
tx_hash = bound_func.transact({"from": test_user})
assert_transaction_success_with_explanation(web3, tx_hash)

share_token = vault.share_token
shares = share_token.fetch_balance_of(test_user)
assert shares == pytest.approx(Decimal("81.54203"))

# Withdrawals can be only executed on the first two days of an epoch.
# We start in a state that is outside of this window, so we need to move to the next epoch first.
assert vault.open_pnl_contract.functions.nextEpochValuesRequestCount().call() == 2
assert vault.can_create_redemption_request(test_user) is False

# 0. Clear epoch
force_next_gains_epoch(
    vault,
    test_user,
)

# 1. Create a redemption request
assert vault.open_pnl_contract.functions.nextEpochValuesRequestCount().call() == 0
assert vault.can_create_redemption_request(test_user) is True, f"We have {vault.open_pnl_contract.functions.nextEpochValuesRequestCount().call()}"
redemption_request = vault.create_redemption_request(
    owner=test_user,
    shares=shares,
)
assert isinstance(redemption_request, GainsRedemptionRequest)
assert redemption_request.owner == test_user
assert redemption_request.to == test_user
assert redemption_request.shares == shares

# 2.a) Broadcast and parse redemption request tx
assert vault.open_pnl_contract.functions.nextEpochValuesRequestCount().call() == 0
tx_hashes = []
funcs = redemption_request.funcs
tx_hash = funcs[0].transact({"from": test_user, "gas": 1_000_000})
assert_transaction_success_with_explanation(web3, tx_hash)
tx_hashes.append(tx_hash)

# 2.b) Parse result
redemption_ticket = redemption_request.parse_redeem_transaction(tx_hashes)
assert redemption_ticket.raw_shares == pytest.approx(81.54203 * 10**6)
assert redemption_ticket.owner == test_user
assert redemption_ticket.to == test_user
assert redemption_ticket.current_epoch == 197
assert redemption_ticket.unlock_epoch == 200

# Cannot redeem yet, need to wait for the next epoch
assert vault.can_redeem(redemption_ticket) is False

# 3. Move forward few epochs where our request unlocks
for i in range(0, 3):
    force_next_gains_epoch(
        vault,
        test_user,
    )

assert vault.fetch_current_epoch() >= 200

# Cannot redeem yet, need to wait for the next epoch
assert vault.can_redeem(redemption_ticket) is True

# 4. Settle our redemption
func = vault.settle_redemption(redemption_ticket)
tx_hash = func.transact({"from": test_user})
assert_transaction_success_with_explanation(web3, tx_hash)

shares = share_token.fetch_balance_of(test_user)
assert shares == 0

Parameters

web3 – Connection we bind this instance to
spec – Chain, address tuple
token_cache –
Cache used with fetch_erc20_details() to avoid multiple calls to the same token.

Reduces the number of RPC calls when scanning multiple vaults.
features – Pass vault feature flags along, externally detected.
default_block_identifier –
Override block identifier for on-chain metadata reads.

When None, use get_safe_cached_latest_block_number() (the default, safe for broken RPCs). Set to "latest" for freshly deployed vaults whose contracts do not exist at the safe-cached block.

Attributes summary

`address`	Get the vault smart contract address.
`chain_id`	Chain this vault is on
`denomination_token`	Get the token which denominates the vault valuation
`deposit_manager`	Deposit manager assocaited with this vault
`erc_7540`	Is this ERC-7540 vault with asynchronous deposits.
`flow_manager`	Flow manager associated with this vault
`gains_open_trades_pnl_feed`	Get Gains PnL feed contract.
`info`	Get info dictionary related to this vault deployment.
`name`	Vault name.
`open_pnl_contract`	Get OpenPNL contract.
`share_token`	ERC-20 that presents vault shares.
`symbol`	Vault share token symbol
`underlying_token`	Alias for `denomination_token()`
`vault_address`
`vault_address_checksumless`
`vault_contract`	Get vault deployment.

Methods summary

`__init__`(web3, spec[, token_cache, ...])	param web3
`estimate_redemption_ready`([now_])	How long we need to wait for withdraw if we start now.
`fetch_current_epoch`()	Get the current epoch number.
`fetch_current_epoch_start`()	When the current epoch started.
`fetch_denomination_token`()	Read denomination token from onchain.
`fetch_denomination_token_address`()	Get the address for the denomination token.
`fetch_deposit_closed_reason`()	Check maxDeposit to determine if deposits are closed.
`fetch_deposit_next_open`()	Deposit timing unpredictable - depends on vault supply vs cap.
`fetch_epoch_duration`()	How long are epochs for this vault.
`fetch_info`()	Use `info()` property for cached access.
`fetch_nav`([block_identifier])	Fetch the most recent onchain NAV value.
`fetch_portfolio`(universe[, ...])	Read the current token balances of a vault.
`fetch_redemption_closed_reason`()	Check epoch state - redemptions open when nextEpochValuesRequestCount == 0.
`fetch_redemption_next_open`()	Get when withdrawals will next be open.
`fetch_share_price`(block_identifier)	Get the current share price.
`fetch_share_token`()	Read share token details onchain.
`fetch_share_token_address`([block_identifier])	Get share token of this vault.
`fetch_total_assets`(block_identifier)	What is the total NAV of the vault.
`fetch_total_supply`(block_identifier)	What is the current outstanding shares.
`fetch_vault_info`()	Get all information we can extract from the vault smart contracts.
`fetch_withdraw_epochs_time_lock`()	Fetch withdraw time lock in epochs.
`get_deposit_fee`(block_identifier)	Deposit fee is set to zero by default as vaults usually do not have deposit fees.
`get_deposit_manager`()	Get deposit manager to deposit/redeem from the vault.
`get_estimated_lock_up`()	ERC-4626 vaults do not have a lock up by fault.
`get_fee_data`()	Get fee data structure for this vault.
`get_fee_mode`()	Get how this vault accounts its fees.
`get_flags`()	Get various vault state flags from the smart contract.
`get_flow_manager`()	Get flow manager to read indiviaul settle events.
`get_historical_reader`(stateful)	Get share price reader to fetch historical returns.
`get_link`([referral])	Get a link to the vault dashboard on its native site.
`get_management_fee`(block_identifier)	No management fee
`get_max_discount_percent`()	Get max discount percent.
`get_notes`()	Get a human readable message if we know somethign special is going on with this vault.
`get_performance_fee`(block_identifier)	No performance fee
`get_protocol_name`()	Return the name of the vault protocol.
`get_risk`()	Get risk profile of this vault.
`get_spec`()
`get_withdraw_fee`(block_identifier)	Withdraw fee is set to zero by default as vaults usually do not have withdraw fees.
`has_block_range_event_support`()	Does this vault support block range-based event queries for deposits and redemptions.
`has_custom_fees`()	Does this vault have custom fee structure reading methods.
`has_deposit_distribution_to_all_positions`()	Deposits go automatically to all open positions.
`is_valid`()	Check if this vault is valid.

property name: str: Vault name.

property vault_contract: web3.contract.contract.Contract: Get vault deployment.

property gains_open_trades_pnl_feed: web3.contract.contract.Contract | None: Get Gains PnL feed contract.

property open_pnl_contract: web3.contract.contract.Contract

Get OpenPNL contract.

Needed for epoch calls
See OstiumOpenPnl.sol

get_management_fee(block_identifier)

No management fee

Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) –
Return type: float

get_performance_fee(block_identifier)

No performance fee

Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) –
Return type: float

fetch_current_epoch()

Get the current epoch number.

Return type: int

fetch_epoch_duration()

How long are epochs for this vault.

Return type: datetime.timedelta

fetch_withdraw_epochs_time_lock()

Fetch withdraw time lock in epochs.

The currently available epochs
This depends on how overcollateralised the vault is currently
https://medium.com/gains-network/introducing-gtoken-vaults-ea98f10a49d5

Epoch is set in function updateAccPnlPerTokenUsed() called by openTradesPnlFeed (Gains) or registry.getContractAddress(‘openPnl’) (Ostium).

Returns: Number of epochs
Return type: int

fetch_current_epoch_start()

When the current epoch started.

Return type: datetime.datetime

estimate_redemption_ready(now_=None)

How long we need to wait for withdraw if we start now.

Parameters: now_ (datetime.datetime) –
Return type: datetime.datetime | None

get_max_discount_percent()

Get max discount percent.

Gains and Ostium allows you to lock LP for a discount:

Staking DAI to the new vault and receiving gDAI can be done at any time during an epoch.

You can also optionally receive a “discount” on your gDAI when staking DAI in the vault by choosing to lock your deposit for a certain period of time. The discount has two components: a time-based incentive and a collateralization-based incentive.

Lock up your gDAI tokens when staking (from 2 weeks to 1 year).

Mint gDAI anytime the collateralization ratio is below 150%. The discount is proportional to the collateralization level, with a maximum discount of 5%. At a collateralization ratio below 100%, the discount is 5%. Between 100%-150%, the discount linearly decreases from 5% to 0%.

Returns: 0.05 for 5% discount
Return type: float

get_historical_reader(stateful)

Get share price reader to fetch historical returns.

Parameters: stateful – If True, use a stateful reading strategy.
Returns: None if unsupported
Return type: eth_defi.vault.base.VaultHistoricalReader

get_deposit_manager()

Get deposit manager to deposit/redeem from the vault.

Return type: eth_defi.gains.deposit_redeem.GainsDepositManager

fetch_deposit_closed_reason()

Check maxDeposit to determine if deposits are closed.

Deposits closed when vault reaches max supply during profitable periods.

Return type: str | None

fetch_redemption_closed_reason()

Check epoch state - redemptions open when nextEpochValuesRequestCount == 0.

Return type: str | None

fetch_deposit_next_open()

Deposit timing unpredictable - depends on vault supply vs cap.

Return type: datetime.datetime | None

fetch_redemption_next_open()

Get when withdrawals will next be open.

Redemptions open at the start of the next epoch when nextEpochValuesRequestCount resets to 0

Return type: datetime.datetime | None

__init__(web3, spec, token_cache=None, features=None, default_block_identifier=None)

Parameters

web3 (web3.main.Web3) – Connection we bind this instance to
spec (eth_defi.vault.base.VaultSpec) – Chain, address tuple
token_cache (dict | None) –
Cache used with fetch_erc20_details() to avoid multiple calls to the same token.

Reduces the number of RPC calls when scanning multiple vaults.
features (set[eth_defi.erc_4626.core.ERC4626Feature] | None) – Pass vault feature flags along, externally detected.
default_block_identifier (Optional[Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, hexbytes.main.HexBytes, int]]) –
Override block identifier for on-chain metadata reads.

When None, use get_safe_cached_latest_block_number() (the default, safe for broken RPCs). Set to "latest" for freshly deployed vaults whose contracts do not exist at the safe-cached block.

property address: eth_typing.evm.HexAddress: Get the vault smart contract address.

property chain_id: int: Chain this vault is on

property denomination_token: eth_defi.token.TokenDetails | None

Get the token which denominates the vault valuation

Used in deposits and redemptions
Used in NAV calculation
Used in profit benchmarks
Usually USDC

Returns

Token wrapper instance.

Maybe None for broken vaults like https://arbiscan.io/address/0x9d0fbc852deccb7dcdd6cb224fa7561efda74411#code

property deposit_manager: eth_defi.vault.deposit_redeem.VaultDepositManager: Deposit manager assocaited with this vault

property erc_7540: bool

Is this ERC-7540 vault with asynchronous deposits.

For example previewDeposit() function and other functions will revert

fetch_denomination_token()

Read denomination token from onchain.

Use denomination_token() for cached access.

Return type: eth_defi.token.TokenDetails | None

fetch_denomination_token_address()

Get the address for the denomination token.

Triggers RCP call

Return type: Optional[eth_typing.evm.HexAddress]

fetch_info()

Use info() property for cached access.

Returns: See LagoonVaultInfo
Return type: eth_defi.erc_4626.vault.ERC4626VaultInfo

fetch_nav(block_identifier=None)

Fetch the most recent onchain NAV value.

In the case of Lagoon, this is the last value written in the contract with updateNewTotalAssets() and ` settleDeposit()`
TODO: updateNewTotalAssets() there is no way to read pending asset update on chain

Returns: Vault NAV, denominated in denomination_token()
Return type: decimal.Decimal

fetch_portfolio(universe, block_identifier=None, allow_fallback=True)

Read the current token balances of a vault.

SHould be supported by all implementations

Parameters

universe (eth_defi.vault.base.TradingUniverse) –
block_identifier (Optional[Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, hexbytes.main.HexBytes, int]]) –
allow_fallback (bool) –

Return type

eth_defi.vault.base.VaultPortfolio

fetch_share_price(block_identifier)

Get the current share price.

Returns

The share price in underlying token.

If supply is zero return zero.

Parameters

block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, hexbytes.main.HexBytes, int]) –

Return type

decimal.Decimal

fetch_share_token()

Read share token details onchain.

Use share_token() for cached access.

Return type: eth_defi.token.TokenDetails

fetch_share_token_address(block_identifier='latest')

Get share token of this vault.

Vault itself (ERC-4626)
share() accessor (ERc-7575)

Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, hexbytes.main.HexBytes, int]) –
Return type: eth_typing.evm.HexAddress

fetch_total_assets(block_identifier)

What is the total NAV of the vault.

Example:

assert vault.denomination_token.symbol == "USDC"
assert vault.share_token.symbol == "ipUSDCfusion"
assert vault.fetch_total_assets(block_identifier=test_block_number) == Decimal("1437072.77357")
assert vault.fetch_total_supply(block_identifier=test_block_number) == Decimal("1390401.22652875")

Parameters

Block number to read.

Use web3.eth.block_number for the last block.

Returns

The vault value in underlyinh token

Return type

decimal.Decimal | None

fetch_total_supply(block_identifier)

What is the current outstanding shares.

Example:

Parameters

Block number to read.

Use web3.eth.block_number for the last block.

Returns

The vault value in underlyinh token

Return type

decimal.Decimal

fetch_vault_info()

Get all information we can extract from the vault smart contracts.

Return type: eth_defi.erc_4626.vault.ERC4626VaultInfo

property flow_manager: eth_defi.vault.base.VaultFlowManager: Flow manager associated with this vault

get_deposit_fee(block_identifier)

Deposit fee is set to zero by default as vaults usually do not have deposit fees.

Internal: Use get_fee_data().

Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) –
Return type: float | None

get_estimated_lock_up()

ERC-4626 vaults do not have a lock up by fault.

Note

Because of so many protocol specific lockups, this must be explicitly set to zero.

Return type: datetime.timedelta | None

get_fee_data()

Get fee data structure for this vault.

Raises: ValueError – In the case of broken or unimplemented fee reading methods in the smart contract
Return type: eth_defi.vault.fee.FeeData

get_fee_mode()

Get how this vault accounts its fees.

Return type: eth_defi.vault.fee.VaultFeeMode | None

get_flags()

Get various vault state flags from the smart contract.

Override to add status flags
Also add flags from our manual flag list in eth_defi.vault.flag

Returns

Flag set.

Do not modify in place.

Return type

set[eth_defi.vault.flag.VaultFlag]

get_flow_manager()

Get flow manager to read indiviaul settle events.

Only supported if has_block_range_event_support() is True

Return type: eth_defi.vault.base.VaultFlowManager

get_link(referral=None)

Get a link to the vault dashboard on its native site.

By default, give RouteScan link

Parameters: referral (str | None) – Optional referral code to append to the URL.
Returns: URL string
Return type: str

get_notes()

Get a human readable message if we know somethign special is going on with this vault.

Return type: str | None

get_protocol_name()

Return the name of the vault protocol.

Return type: str

get_risk()

Get risk profile of this vault.

Return type: eth_defi.vault.risk.VaultTechnicalRisk | None

get_withdraw_fee(block_identifier)

Withdraw fee is set to zero by default as vaults usually do not have withdraw fees.

Internal: Use get_fee_data().

Parameters: block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) –
Return type: float

has_block_range_event_support()

Does this vault support block range-based event queries for deposits and redemptions.

If not we use chain balance polling-based approach

has_custom_fees()

Does this vault have custom fee structure reading methods.

Causes risk in the vault comparison.

E.g.

Withdraw fee
Deposit fee

Returns: True if custom fee reading methods are implemented
Return type: bool

has_deposit_distribution_to_all_positions()

Deposits go automatically to all open positions.

Deposits do not land into the vault as cash
Instead, smart contracts automatically increase all open positions
The behaviour of Velvet Capital

property info: eth_defi.vault.base.VaultInfo

Get info dictionary related to this vault deployment.

Get cached data on the various vault parameters

Returns: Vault protocol specific information dictionary

is_valid()

Check if this vault is valid.

Call a known smart contract function to verify the function exists

Return type: bool

property share_token: eth_defi.token.TokenDetails

ERC-20 that presents vault shares.

User gets shares on deposit and burns them on redemption

property symbol: str: Vault share token symbol

property underlying_token: eth_defi.token.TokenDetails: Alias for denomination_token()