Convex 3Crv Vaults

ERC-4626 vaults that deposits Curve 3Pool LP tokens (3Crv) in a Curve 3Pool-based Metapool, eg musd3Crv; deposits the Metapool LP token in a Convex pool; and stakes the Convex LP token, eg cvxmusd3Crv, for CRV and CVX rewards.
The Convex rewards are swapped for a Curve 3Pool token, eg DAI, USDC or USDT, using the Liquidator module and donated back to the vault. On donation back to the vault, the DAI, USDC or USDT is deposited into the underlying Curve Metapool; the Curve Metapool LP token is deposited into the corresponding Convex pool and the Convex LP token staked.
Capabilities
​ERC-4626 compliant tokenized vault.
​ERC-20 compliant token.
Invests 3Crv assets in a Curve Metapool and LP token staked in Convex for boosted returns.
Sandwich attack protection on ERC4626 operations deposit, mint, withdraw and redeem.
Liquidation of Convex rewards like CRV and CVX for more reinvested 3Crv assets.
Front-running protection against liquidation of rewards by streaming the increase in assets per share.
Fee charged on liquidated Convex rewards.
Vault operations are pausable by the Governor.
Emergency asset recovery by the Governor. This will be removed after 2 months.
Vault configuration is controlled by a protocol Governor. This includes:
Setting the slippage limits for mint, deposit, redeem and withdraw.
Setting the account that receives the liquidation fee.
Initially the Governor can upgrade the contracts via a proxy without a time delay. After 6 weeks, this will be changed to a one week time delay.
Contract Interface
See mStable's metavaults github repository for contract diagrams and process diagrams.
See General ERC-4626 Vault Interface for the standard ERC-4626 functions.
Variables
ASSET_SCALE
uint256 ASSET_SCALE
3CRV token scale
VIRTUAL_PRICE_SCALE
uint256 VIRTUAL_PRICE_SCALE
metapool
address metapool
Curve.fi pool the 3Crv asset is deposited into. eg musd3CRV, MIM-3LP3CRV-f or usdp3CRV.
metapoolToken
address metapoolToken
Curve.fi Metapool liquidity provider token. eg Curve.fi MUSD/3Crv (musd3CRV)
metapoolTokenScale
uint256 metapoolTokenScale
Scale of the metapool liquidity provider token. eg 1e18 if 18 decimal places.
basePool
address basePool
Curve's 3Pool used as a base pool by the Curve metapools.
booster
contract IConvexBooster booster
Convex's Booster contract that contains the Curve.fi LP pools.
convexPoolId
uint256 convexPoolId
Convex's pool identifier. eg 14 for the musd3CRV pool.
baseRewardPool
contract IConvexRewardsPool baseRewardPool
Convex's base rewards contract for staking Convex's LP token. eg staking cvxmusd3CRV
DAI
address DAI
USDC
address USDC
USDT
address USDT
redeemSlippage
uint256 redeemSlippage
Redeem slippage in basis points i.e. 1% = 100
depositSlippage
uint256 depositSlippage
Deposit slippage in basis points i.e. 1% = 100
withdrawSlippage
uint256 withdrawSlippage
Withdraw slippage in basis points i.e. 1% = 100
mintSlippage
uint256 mintSlippage
Mint slippage in basis points i.e. 1% = 100
Functions
liquidateVault
function liquidateVault(uint256 minAssets) external
Governor liquidates all the vault's assets and send to the governor. Only to be used in an emergency. eg whitehat protection against a hack.
Parameters
Name
Type
Description
minAssets
uint256
Minimum amount of asset tokens to receive from removing liquidity from the Curve 3Pool. This provides sandwich attack protection.
resetAllowances
function resetAllowances() external
Approves Curve's 3Pool contract to transfer assets (DAI, USDC or USDT) from this vault. Also approves the underlying Meta Vault to transfer 3Crv from this vault.
setDonateToken
function setDonateToken(address __donateToken) external
Vault manager or governor sets the token the rewards are swapped for and donated back to the vault.
Parameters
Name
Type
Description
__donateToken
address
a token in the 3Pool (DAI, USDC or USDT).
setRedeemSlippage
function setRedeemSlippage(uint256 _slippage) external
Governor function to set redeem slippage.
Parameters
Name
Type
Description
_slippage
uint256
Redeem slippage to apply as basis points i.e. 1% = 100
setDepositSlippage
function setDepositSlippage(uint256 _slippage) external
Governor function to set deposit slippage.
Parameters
Name
Type
Description
_slippage
uint256
Deposit slippage to apply as basis points i.e. 1% = 100
setWithdrawSlippage
function setWithdrawSlippage(uint256 _slippage) external
Governor function to set withdraw slippage.
Parameters
Name
Type
Description
_slippage
uint256
Withdraw slippage to apply as basis points i.e. 1% = 100
setMintSlippage
function setMintSlippage(uint256 _slippage) external
Governor function to set mint slippage.
Parameters
Name
Type
Description
_slippage
uint256
Mint slippage to apply as basis points i.e. 1% = 100

Name	Type	Description
minAssets	uint256	Minimum amount of asset tokens to receive from removing liquidity from the Curve 3Pool. This provides sandwich attack protection.

Name	Type	Description
__donateToken	address	a token in the 3Pool (DAI, USDC or USDT).

Name	Type	Description
_slippage	uint256	Redeem slippage to apply as basis points i.e. 1% = 100

Name	Type	Description
_slippage	uint256	Deposit slippage to apply as basis points i.e. 1% = 100

Name	Type	Description
_slippage	uint256	Withdraw slippage to apply as basis points i.e. 1% = 100

Name	Type	Description
_slippage	uint256	Mint slippage to apply as basis points i.e. 1% = 100

Last modified 4mo ago