Vault Operation

Vault operations are a series of transaction sequences used by the guardian to rebalance the vault. These transaction sequences are specified in the relevant submit call and checked and executed by the vault.

Constraints on vault operations

Both the asset registry and the hooks contract are used to limit what operations can be accepted. In particular, the current iteration of the hooks contract:

• Restricts any outgoing allowances for vault tokens to be created as a result of an operation

• Restricts the vault value from decreasing beyond a pre-specified threshold

• Restricts the types of operations and contracts that are called in those operations to a whitelist