Yield vault harvesting

ETHA Lend

ETHA is using Gelato Automate for automated yield harvesting.

This is the function which Gelato will be calling. harvestVault claims yield generated from a pool and re-deposits them back into the pool.

function harvestVault(IVault vault) public onlyAfterDelay(vault) {
	// Amount to Harvest
	uint256 afterFee = vault.harvest();
	require(afterFee > 0, "!Yield");

	IERC20 from = vault.rewards();
	IERC20 to = vault.target();

	address connector = getBestConnector(
		address(from),
		address(to),
		afterFee
	);

	// Quickswap path
	address[] memory path;

	if (connector == address(0)) {
		path = new address[](2);
		path[0] = address(from);
		path[1] = address(to);
	} else {
		path = new address[](3);
		path[0] = address(from);
		path[1] = connector;
		path[2] = address(to);
	}

	// Swap underlying to target
	from.approve(address(ROUTER), afterFee);
	uint256 received = ROUTER.swapExactTokensForTokens(
		afterFee,
		1,
		path,
		address(this),
		block.timestamp + 1
	)[path.length - 1];

	// Send profits to vault
	to.approve(address(vault), received);
	vault.distribute(received);

	emit Harvested(address(vault), msg.sender);
}

ETHA uses this resolver below to check for ready to be harvested pools.

function checker()
	external
	view
	returns (bool canExec, bytes memory execPayload)
{
	uint256 delay = harvester.delay();

	for (uint256 i = 0; i < vaults.length(); i++) {
		IVault vault = IVault(getVault(i));

		canExec = block.timestamp >= vault.lastDistribution().add(delay);

		execPayload = abi.encodeWithSelector(
			IHarvester.harvestVault.selector,
			address(vault)
		);

		if (canExec) break;
	}
}

The resolver loops through an array of pools. And for each vault, if a defined delay has elapsed since the previous harvest time, canExec will return true , prompting Gelato to execute the task. execPayload will be the data to the function call harvestVault(address vault) and its argument is the address of the vault to be harvested.

Last updated

#272: W3F context including gelato args

Change request updated