erc_4626.vault_protocol.cap.vault
Documentation for eth_defi.erc_4626.vault_protocol.cap.vault Python module.
Covered Agent Protocol (CAP) vault support.
Classes
Covered Agent Protocol (CAP) vaults. |
- class CAPVault
Bases:
eth_defi.erc_4626.vault_protocol.yearn.vault.YearnV3VaultCovered Agent Protocol (CAP) vaults.
CAP is a covered call yield protocol
Uses Yearn V3 vault infrastructure under the hood
Vaults are identifiable by the “cap ” prefix in their name
Example vault: https://etherscan.io/address/0x3ed6aa32c930253fc990de58ff882b9186cd0072
- 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, useget_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.require_denomination_token – If
True, accessingdenomination_tokenwill raiseRuntimeErrorwhen the on-chain lookup returnsNone.
- get_management_fee(block_identifier)
Get the current management fee.
Fees are internalised in the share price.
- get_performance_fee(block_identifier)
Get the current performance fee.
Fees are internalised in the share price.
- 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
- get_link(referral=None)
Get the vault’s web UI link.
- __init__(web3, spec, token_cache=None, features=None, default_block_identifier=None, require_denomination_token=False)
- Parameters
web3 (web3.main.Web3) – Connection we bind this instance to
spec (eth_defi.vault.base.VaultSpec) – Chain, address tuple
token_cache (Optional[dict]) –
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 (Optional[set[eth_defi.erc_4626.core.ERC4626Feature]]) – 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, useget_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.require_denomination_token (bool) – If
True, accessingdenomination_tokenwill raiseRuntimeErrorwhen the on-chain lookup returnsNone.
- property address: eth_typing.evm.HexAddress
Get the vault smart contract address.
- can_check_deposit()
Disable generic zero-address closure detection for Yearn V3.
- Returns
Falsebecause Yearn returns zero formaxDeposit(address(0))even while deposits are open.- Return type
- can_check_redeem()
Check if maxRedeem(address(0)) can be used to check global redemption availability.
Most protocols return 0 for maxRedeem(address(0)) because that address has no balance/shares, not because redemptions are closed:
Gearbox: maxRedeem returns min(balanceOf(owner), convertToShares(availableLiquidity))
Most vaults: Return 0 because address(0) has no shares
Some protocols do use maxRedeem(address(0)) meaningfully:
Morpho, IPOR, Plutus: Return 0 when redemptions are globally blocked
Override to return True in subclasses that support address(0) redemption checks.
- Returns
True if maxRedeem(address(0)) returns meaningful values for global redemption availability checking.
- Return type
- property denomination_token: Optional[eth_defi.token.TokenDetails]
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
Note
Noneresults are not cached — the next access will retry the on-chain call. This avoids permanently caching a transient RPC failure.
- property deposit_manager: eth_defi.vault.deposit_redeem.VaultDepositManager
Deposit manager assocaited with this vault
- property description: Optional[str]
Prefer reviewed deployment copy before consulting Yearn website metadata.
- Returns
Reviewed copy or Yearn-authored description, otherwise
None.
- property erc_7540: bool
Is this ERC-7540 vault with asynchronous deposits.
For example
previewDeposit()function and other functions will revert
- fetch_available_liquidity(block_identifier='latest')
Read the adapter’s available denomination-token liquidity.
Single-market adapters report market liquidity. Multi-market adapters such as Morpho and IPOR currently report idle vault assets, which can understate redeemable liquidity in their underlying markets. A user’s withdrawal can also be limited by share ownership or protocol restrictions. Non-lending adapters should leave this method unimplemented.
maxRedeem(address(0))cannot measure market-wide liquidity because ERC-4626 caps redemptions by the owner’s share balance. The zero address normally holds no shares, so a zero result says nothing about liquidity.- Parameters
block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) – Block to query. Defaults to “latest”.
- Raises
NotImplementedError – For non-lending protocol vaults.
- Returns
Amount in denomination token units (human-readable Decimal).
- Return type
- fetch_denomination_token()
Read denomination token from onchain.
Use
denomination_token()for cached access.- Return type
- fetch_denomination_token_address()
Get the
asset()denomination token address of this vault.Results are disk-cached per
(chain_id, vault_address)viaeth_defi.erc_4626.vault_tokenwhen the vault was constructed with aeth_defi.token.TokenDiskCacheand no pinneddefault_block_identifier. Current mappings expire after seven days because proxy upgrades may change relationships. These entries are not evidence of a token relationship at an arbitrary historical block.Only a definitive non-null answer is persisted. The
Nonepath taken on revert / broken contract is never cached, matching the behaviour ofeth_defi.vault.base.VaultBase.denomination_token()which explicitly avoids memoisingNoneso transient failures can be retried.To disable the cache, pass
token_cache=None(or any non-TokenDiskCachedict) when constructing the vault, or construct with a pinneddefault_block_identifier.- Returns
Denomination token address, or
Noneif the vault contract is broken and did not return a valid address.- Return type
- fetch_deposit_closed_reason()
Check if deposits are closed using maxDeposit(address(0)).
Uses the ERC-4626 standard maxDeposit function to determine if deposits are available. Returns a human-readable reason with the max deposit amount if deposits are restricted.
- fetch_deposit_next_open()
Get when deposits will next be open.
For epoch-based vaults (Ostium, D2), return calculated window open time
For non-epoch vaults (Plutus, IPOR, Morpho), return None
Override in protocol-specific subclasses
- Returns
Naive UTC datetime when deposits will next be available, or None if:
Deposits are currently open
Timing is unpredictable (manually controlled)
Protocol does not support timing information
- Return type
- fetch_deposit_open()
Fetch the current protocol-defined deposit availability.
This is deliberately a tri-state value.
TrueandFalsemean that the adapter read an authoritative vault-wide state;Nonemeans that the generic adapter cannot safely determine the state. It is separate fromfetch_deposit_closed_reason(), because an absent human-readable reason does not prove that deposits are open.
- fetch_idle_lending_snapshot(total_assets, block_identifier)
Read the idle balance once for adapters with idle-based utilisation.
This helper is opt-in: idle assets are not redeemable liquidity for every lending protocol. See the protocol’s liquidity documentation.
Morpho v1/v2 and IPOR metadata call this after reading total assets, avoiding duplicate idle-balance reads for liquidity and utilisation. Reuse the exact raw assets only when their source block and decimal value match; converting an externally supplied Decimal back to raw units is a fallback for callers that did not first fetch assets through this adapter.
- Parameters
total_assets (decimal.Decimal) – Previously fetched TVL in denomination-token units.
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]) – Numeric block used for both economic inputs.
- Returns
(idle_liquidity, utilisation): a Decimal balance in denomination token units and the unclamped fraction of total assets allocated. Both members are None when the denomination token is unavailable; zero total assets produces zero utilisation.- Return type
tuple[decimal.Decimal | None, float | None]
- fetch_minimum_deposit(block_identifier='latest')
Fetch a source-proven minimum deposit in decimal token units.
A
Noneresult means this adapter does not expose a known minimum; it does not prove the protocol accepts arbitrarily small deposits. A zero result means the adapter positively established that the vault has no minimum deposit.- Parameters
block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) – Block at which to read the protocol configuration.
- Returns
Decimal denomination-token minimum, or
Nonewhen unknown.- Return type
- fetch_minimum_redemption(block_identifier='latest')
Fetch a source-proven redemption minimum in decimal share units.
A
Noneresult means this adapter does not expose a known minimum; it does not prove the protocol accepts arbitrarily small redemptions. A zero result means the adapter positively established that the vault has no minimum redemption.- Parameters
block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) – Block at which to read the protocol configuration.
- Returns
Decimal vault-share minimum, or
Nonewhen unknown.- Return type
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
- 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
- fetch_redemption_closed_reason()
Check if redemptions are closed using maxRedeem(address(0)).
Only works for protocols that implement maxRedeem in a way that returns meaningful values for address(0). Most protocols return 0 because address(0) has no shares, not because redemptions are closed.
- fetch_redemption_next_open()
Get when withdrawals/redemptions will next be open.
For epoch-based vaults (Ostium, D2), return calculated window open time
For non-epoch vaults (Plutus, IPOR, Morpho), return None
Override in protocol-specific subclasses
- Returns
Naive UTC datetime when withdrawals will next be available, or None if:
Withdrawals are currently open
Timing is unpredictable (manually controlled)
Protocol does not support timing information
- Return type
- fetch_scan_record_extra_data()
Fetch protocol-specific private scan row columns.
Some vault protocols expose structured metadata that is useful for the raw scanner output but does not fit the shared human-readable columns. Override this hook in protocol-specific subclasses instead of adding a separate branch to
eth_defi.erc_4626.scan.create_vault_scan_record().
Get the current share price.
Read share token details onchain.
Use
share_token()for cached access.- Return type
Get share token of this vault.
Vault itself (ERC-4626)
share()accessor (ERC-7575)
Results are disk-cached per
(chain_id, vault_address)viaeth_defi.erc_4626.vault_tokenwhen the vault was constructed with aeth_defi.token.TokenDiskCache. Under normal circumstances live reads reuse the current relationship until its seven-day deadline. Explicit historical reads bypass this disk cache because ERC-7575 relationships may change through proxy upgrades.Only a definitive answer from the chain is ever persisted: a successful call, or a revert matching
KNOWN_SHARE_TOKEN_ERROR_MESSAGES(which positively classifies the contract as non-ERC-7575). Transient RPC failures (ProbablyNodeHasNoBlock, HTTP 502) fall back toself.vault_addressbut are not written to the cache, so a flaky node cannot poison a real ERC-7575 vault’s entry.To disable the cache, pass
token_cache=None(or any non-TokenDiskCachedict) when constructing the vault, or construct with a pinneddefault_block_identifierto force the uncached historical-read path on every call.- 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]) – Block to query. Cache is only consulted/written when the caller passes the default
"latest"and the vault instance has no pinneddefault_block_identifier.- Return type
- 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_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, hexbytes.main.HexBytes, int]) –
Block number to read.
Use web3.eth.block_number for the last block.
- Returns
The vault value in underlyinh token
- Return type
- fetch_total_supply(block_identifier)
What is the current outstanding shares.
Example:
- 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]) –
Block number to read.
Use web3.eth.block_number for the last block.
- Returns
The vault value in underlyinh token
- Return type
- fetch_utilisation_percent(block_identifier='latest')
Read the adapter’s lending or capital-deployment utilisation.
Single-market adapters measure borrower utilisation. Multi-market adapters such as Morpho and IPOR currently measure allocation outside the vault, rather than aggregate utilisation by underlying borrowers. Non-lending adapters should leave this method unimplemented.
- Parameters
block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) – Block to query. Defaults to “latest”.
- Raises
NotImplementedError – For non-lending protocol vaults.
- Returns
Utilisation as float between 0.0 and 1.0 (0% to 100%).
- Return type
- fetch_vault_info()
Get all information we can extract from the vault smart contracts.
- Return type
- 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().
- get_deposit_manager()
Create the Yearn-aware ERC-4626 deposit manager.
- Returns
Manager that distinguishes a global Yearn deposit cap from an account-specific deposit-limit module.
- Return type
eth_defi.erc_4626.vault_protocol.yearn.deposit_redeem.YearnV3DepositManager
- get_deposit_manager_capability()
Declare the exact generic ERC-4626 implementation’s two-way flow.
Subclasses need exact-type inclusion in
CERTIFIED_SYNCHRONOUS_DEPOSIT_MANAGER_CLASSES. The guarded probe may separately usesupports_generic_deposit_manager()as a temporary fallback without advertising it as public metadata.- Returns
Synchronous two-way capability for the exact base class, otherwise
None.- Return type
Optional[eth_defi.vault.deposit_redeem.VaultDepositManagerCapability]
- get_fee_data(block_identifier='latest')
Get fee data structure for this vault.
Component fee reads share the requested block. Existing no-argument callers retain latest-state behaviour.
- Parameters
block_identifier (Union[Literal['latest', 'earliest', 'pending', 'safe', 'finalized'], eth_typing.evm.BlockNumber, eth_typing.evm.Hash32, eth_typing.encoding.HexStr, int]) – Common fee source block, default latest.
- Returns
Fee mode and component fractions.
- Raises
ValueError – In the case of broken or unimplemented fee reading methods in the smart contract
- Return type
- get_fee_mode()
Get how this vault accounts its fees.
- Return type
- get_flags()
Add an exclusion flag to unendorsed Yearn V3-compatible contracts.
CAP reuses this adapter’s V3 implementation but is not a Yearn product, so protocol classification remains the guard before consulting Yearn’s endorsement catalogue.
- Returns
Existing flags plus
VaultFlag.unofficialonly when Yearn explicitly does not endorse the vault.- Return type
- get_flow_manager()
Get flow manager to read indiviaul settle events.
Only supported if
has_block_range_event_support()is True
- Return type
- 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
- get_notes()
Return Yearn-specific notes for manually maintained vaults.
Shared manual notes retain precedence over Yearn-specific notes. This allows an address to carry an operational warning without losing the standard shared-vault override behaviour.
- get_risk()
Get risk profile of this vault.
- Return type
Return the standard ERC-4626 share-price source.
ERC-4626 prices are calculated from vault accounting values read at a specific block, including protocol-specific overrides that expose the same state through another contract view.
- Returns
Smart-contract state source.
- Return type
- get_strategy_tags()
Resolve reviewed Yearn deployments before inherited wrapper metadata.
Keep the existing fallback for vaults outside the reviewed mapping.
- Returns
Maintained strategy tags, or
Nonewhen unclassified.- Return type
- get_synchronous_deposit_manager_capability()
Build static metadata for a verified synchronous manager.
A caller must already have established the reader class’ guarded fork evidence. This deliberately performs no RPC reads: the capability is static library metadata, not a live vault availability check.
- Returns
Synchronous two-way capability.
- Return type
- get_whitelist_notes()
Omit the legacy compatibility caveat for the source-verified hook variant.
Birch Hill policy is read directly, rather than inferred from the absence of the canonical Yearn module selector.
- 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().
- get_withdrawal_period()
Return binding withdrawal timing and optional settlement estimates.
Unlike
get_estimated_lock_up(), this reports the redemption lifecycle after a user submits a valid withdrawal request. Adapters usemin_periodandmax_periodonly for a binding smart-contract timing rule. An adapter may instead return a non-bindingestimated_settlementfor backtesting an offchain operating cadence or redemption wait; that estimate never establishes claimability and does not require a synthetic timing bound.- Returns
Withdrawal period details, or
Nonewhen unavailable.- Return type
- 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_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_account_whitelisted(address)
Determine whether an account has completed the vault’s KYC policy.
The result concerns KYC, manual identity approval, or recipient allowlist membership only. A protocol may still require scheduling, a token balance, an allowance, available capacity, or an open epoch before a deposit can be submitted. Callers must use the relevant deposit manager pre-flight before broadcasting a transaction.
- Parameters
address (eth_typing.evm.HexAddress) – Account whose deposit-policy membership is queried.
- Returns
Truewhen the account has the required pre-approval.- Raises
NotImplementedError – If the adapter cannot safely query account membership.
- Return type
- is_valid()
Check if this vault is valid.
Call a known smart contract function to verify the function exists
- Return type
- is_whitelisted_deposit()
Classify the configured Yearn V3 deposit-limit mechanism.
A canonical Yearn V3 vault with no deposit-limit module uses only its vault-wide limit and shutdown state, so deposits are permissionless. Older Yearn deployments that predate the module getter use the adapter’s permissionless compatibility default because no module can be inspected through this interface. A custom module can inspect the receiver and its semantics cannot be inferred from the Yearn vault itself; keep that case explicitly unknown instead of assuming either public or allow-listed access.
Birch Hill’s source-verified variant exposes
deposit_hook()instead ofdeposit_limit_module(). Its reviewed immutable hook enforces a receiver whitelist and a sender gate. Read the configured hook at the requested block; an unrecognised replacement remains unknown. See the verified ABI provenance ineth_defi/abi/yearn/README.md.- Returns
Truefor Birch Hill’s reviewed whitelist hook, orFalsewhen no account-specific deposit control is configured.- Raises
NotImplementedError – If an unreviewed module or hook controls account admission.
- Return type
- property manager_name: Optional[str]
Protocol-supplied vault manager or curator display name.
Used when the vault name itself does not contain the curator brand
Returns None if the protocol does not expose separate manager metadata
Override in subclasses that support manager or operator metadata
ERC-20 that presents vault shares.
User gets shares on deposit and burns them on redemption
- property short_description: Optional[str]
Prefer a reviewed summary before extracting one from the website description.
- Returns
Reviewed summary or compact Yearn-authored description, otherwise
None.
- supports_generic_deposit_manager()
Check whether the live vault exposes the standard ERC-4626 surface.
This is deliberately an interface check, not a public support claim. Callers must still execute a guarded fork probe before relying on the generic manager for a protocol-specific adapter.
- Returns
Truewhenassetsucceeds with a non-zero asset address. Deposit and redemption availability is established only by a guarded fork transaction, not by ERC-4626max*advisory values.- Return type
- supports_yearn_unofficial_classification()
State whether the static V3 registry can safely classify this adapter.
- Returns
Truefor direct Yearn V3 vaults; strategy-derived adapters override this to retain an unknown result for a registry miss.- Return type
- property underlying_token: eth_defi.token.TokenDetails
Alias for
denomination_token()
- property vault_contract: web3.contract.contract.Contract
Bind the deployment-specific Yearn vault interface.
Birch Hill’s verified hook variant has a separate ABI; canonical Yearn deployments retain their existing interface. Provenance is recorded in
eth_defi/abi/yearn/README.md.- Returns
Contract bound to this vault’s deployment address.
- property yearn_detected_metadata: Optional[eth_defi.erc_4626.vault_protocol.yearn.offchain_metadata.YearnDetectedVaultMetadata]
Get positive public Yearn metadata for this vault when it is listed.
- Returns
Public-page metadata, or
Nonewhen the vault is absent or the catalogue is temporarily unavailable.
- property yearn_detected_vaults: Optional[eth_defi.erc_4626.vault_protocol.yearn.offchain_metadata.YearnDetectedVaultCatalogue]
Fetch the public Yearn catalogue while preserving outage state.
- Returns
Fetched catalogue, or
Nonewhen temporarily unavailable.