Aera smart contracts vs. the Aera Product

The Aera smart contracts may fit into a broader offering that includes some of the following:

  • On-boarding support (including discussion on objective function and asset selection)

  • The Aera front-end (the primary interface for accessing Aera)

  • Selection and recruitment of one or several vault guardians

  • Additional back-end services like arbitrage agents, options brokers, etc.

  • Client-specific economic simulations of the Aera platform.

Within that broader system, the goals of Aera V2 smart contracts are to:

  • Provide a means of custody for client treasury funds

  • Expose an interface for vault guardians to suggest operations

  • Offer control over the whitelisted set of assets and their configuration

  • Protect the vault from short term loss due to guardian error and prevent unauthorized cals

  • Be compatible with a wide-array of objective functions and assets.

Differences between Version 2 and Version 1

The high-level differences (to be described below) between V2 and V1 include:

  • An independent vault (custody) contract

    • Enabling direct deposits / withdrawals without an oracle price-check

  • Execution moves off chain

    • Instead of submitting parameters, guardians now submit operations which are executed in sequence and checked

  • A hooks module

    • Introduced to constrain execution but also can support additional event-based actions on vaults

  • An independent asset registry

    • Allowing asset types to be added/removed after vault creation

    • Allowing price oracles to be configured for each asset independent of custody

  • No more withdrawal validator contract

  • Simplified finalization

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