Withdraw

Withdraw process step-by-step:

External user sends withdrawal request to the via .
The emits a corresponding event.
The reads the emitted event from .
The reaches consensus.
The signs and transmits a message containing withdrawal details to the
The adds withdrawal request to the queue.
The processes the queue in the next epoch and closes / updates a collateralized debt position (CDP).
The aggregates CDPs to calculate actual and target circulating supply of
The emits corresponding event.
The reads the emitted event from .
The recalculates portfolio allocations to target protocols and based on the new circulating supply of .
The decides on liquidity rebalancing base on new portfolio allocation details.
The emits corresponding event.
The reads the emitted event from
The reaches consensus.
The signs and transmits a message containing rebalancing details to the .
The External user requests a claim voucher from the . The claim voucher allows External user to redeem his assets from the .
If the External user has debt External user will receive message from with claim rejection and debt details.
The External user goes to and buys to repay the debt.
The External user repays debt in .
If the External user doesn't have debt he receives claim voucher from .
The External user receives assets from by using claim voucher.

@startuml
autonumber
actor "External user"
participant Vault
participant Relayer
participant "AMM Pool"
participant "gigaCDP"
participant PMS

== Epoch 1 ==
"External user" -> Vault: Send withdraw request
Vault -> Vault: Emit event
Relayer -> Vault: Listen to events
Relayer -> Relayer: Reach consensus
Relayer -> "gigaCDP": Broadcast signed transaction
"gigaCDP" -> "gigaCDP": Add the request to the queue

== Epoch 2 ==
"gigaCDP" -> "gigaCDP": Close / update CDP
"gigaCDP" -> "gigaCDP": Calculate actual and target level of gigaAssets
"gigaCDP" -> "gigaCDP": Emit event
PMS -> "gigaCDP": Get actual and target level of gigaAssets
PMS -> PMS: Recalculate portfolio weights
PMS -> PMS: Decide on gigaAssets liquidity rebalancing
PMS -> PMS: Emit event
Relayer -> PMS: Listen to events
Relayer -> Relayer: Reach consensus
Relayer -> "gigaAsset Manager": Broadcast signed transaction

"External user" -> gigaCDP: Try to receive claim voucher

alt External user bad debt > 0
"gigaCDP" -> "External user": Return reject message with debt details
"External user" -> "AMM Pool": Buy gigaAssets
"External user" -> "gigaCDP": Repay debt

else bad debt = 0
"gigaCDP" -> "External user": Return claim voucher
end

"External user" -> Vault: Claim assets
@enduml

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Last updated 3 months ago

@startuml autonumber actor "External user" participant Vault participant Relayer participant "AMM Pool" participant "gigaCDP" participant PMS == Epoch 1 == "External user" -> Vault: Send withdraw request Vault -> Vault: Emit event Relayer -> Vault: Listen to events Relayer -> Relayer: Reach consensus Relayer -> "gigaCDP": Broadcast signed transaction "gigaCDP" -> "gigaCDP": Add the request to the queue == Epoch 2 == "gigaCDP" -> "gigaCDP": Close / update CDP "gigaCDP" -> "gigaCDP": Calculate actual and target level of gigaAssets "gigaCDP" -> "gigaCDP": Emit event PMS -> "gigaCDP": Get actual and target level of gigaAssets PMS -> PMS: Recalculate portfolio weights PMS -> PMS: Decide on gigaAssets liquidity rebalancing PMS -> PMS: Emit event Relayer -> PMS: Listen to events Relayer -> Relayer: Reach consensus Relayer -> "gigaAsset Manager": Broadcast signed transaction "External user" -> gigaCDP: Try to receive claim voucher alt External user bad debt > 0 "gigaCDP" -> "External user": Return reject message with debt details "External user" -> "AMM Pool": Buy gigaAssets "External user" -> "gigaCDP": Repay debt else bad debt = 0 "gigaCDP" -> "External user": Return claim voucher end "External user" -> Vault: Claim assets @enduml