Tranche Factory

Contract Name: TrancheFactory
Type/Category: Core
Associated System Diagram: n/a
Contract Source: https://github.com/delvtech/elf-contracts/blob/main/contracts/factories/TrancheFactory.sol​
1. Overview
The Tranche Factory creates new Tranches on existing wrapped position addresses. Deployment of new factories is done using CREATE2. This allows for cheap on-chain verification that a factory was deployed by this contract. It also allows for cheap tranche address derivation.
Glossary
Tranche: The contract which locks wrapped Yearn shares and mints yield and principal tokens.
Wrapped position: Wrapped shares of a yearn vault.
2. Contract Details
Key Functionality:
deployTranche: Deploys a new tranche given an expiration time and the address of the wrapped position contract.
3. Gotchas (Potential source of user error)
This contract uses CREATE2 to deploy the tranche, therefore redeployment of a tranche with the same expiration and wrapped position address will fail.

Tranche

Interest Token

Last modified 1mo ago