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Deposits

  1. User Deposit: User calls deposit() with assets
  2. Immediate Minting: Shares minted synchronously at current PPS
  3. Asset Custody: Assets transferred to strategy for allocation
  4. Hook Execution: Strategist executes hooks to deploy capital
  5. PPS Updates: Validators provide updated PPS reflecting new positions

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PPS Updates

  1. Off-Chain Calculation: Validators calculate PPS independently
  2. Signature Generation: Validators sign PPS with private keys
  3. Aggregation: Signatures collected and submitted to oracle
  4. Validation: Oracle verifies signatures and quorum
  5. Forwarding: Validated PPS forwarded to aggregator
  6. Strategy Checks: Aggregator runs dispersion/deviation checks
  7. Storage: PPS stored and made available for vault operations

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Strategy Management

  1. Hook Approval: Strategist proposes new hook root
  2. Timelock Period: 15-minute delay configurable by governance for strategy hooks
  3. Execution: Hook root updated and new strategies enabled
  4. Guardian Oversight: Guardians can veto malicious updates

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Redemptions

  1. Redeem Request: User calls requestRedeem() with shares
  2. Redeem Slippage: User optionally calls setRedeemSlippage() (default 0.5%)
  3. Share Escrow: Shares transferred to escrow contract
  4. Fulfillment: Strategist executes hooks to free up assets
  5. PPS Validation: Slippage protection against recorded request PPS
  6. Asset Claim: User calls withdraw() to receive assets

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PPS Validation

Flexibility and security is economically enforced by validators submitting PPS, supported by oracle infrastructure in Superform core. If interested in becoming a SuperVault validator, we recommend reading Become a Validator. Validators currently use a ECDSAPPSOracle which validates price updates using cryptographic signatures from the decentralized validator network.
  1. Message Construction: keccak256(abi.encodePacked(strategy, pps, ppsStdev, validatorSet, totalValidators, timestamp))
  2. Signature Recovery: Uses ECDSA to recover signer addresses
  3. Validator Verification: Checks signers against registered validator set
  4. Quorum Enforcement: Requires minimum number of signatures
  5. Duplicate Prevention: Prevents the same validator from signing twice