Procedures

The smart contract logic has the 3 main procedures:

  1. Deposit The function takes users' tokens (ETH, USDC, and oSQTH) in a certain proportion required by the algorithm and returns ownership claims for a certain fraction of the assets held in the strategy.

  2. Withdraw The function that burns ownership claims and returns tokens to the user. The tokens are returned in a proportion that the strategy has during the function call.

  3. Rebalance To keep desired linear ETH exposure, the strategy periodically executes so-called rebalance auctions, a procedure during which the strategy sells excess and buys missing tokens in order to achieve the necessary token proportion, which will provide target ETH price exposure.

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