🔧Technical documentation

Technical documentation for TenderTokens

Liquid Delegation Implementation

Overview

Liquid Delegation Tokens (LDTs) are elastic supply ERC-20 tokens that represent staked positions with specific validators. They implement both standard ERC-20 functionality and EIP-2612 for permits, with additional features for handling staking rewards and slashing events.

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Core Functions

Staking

function deposit(address receiver, uint256 assets) external returns (uint256)

• Purpose: Deposits assets and mints tTokens.

• Returns: Amount of tTokens minted.

• Additional Details: Triggers a rebase before the operation.

Unstaking

unlock(uint256 assets) external returns (uint256 unlockID)

• Purpose: Initiates the unstaking process.

• Details:

  • Burns tTokens.

  • Creates an unlock position.

• Returns: Unique unlock identifier.

Withdraw

withdraw(address receiver, uint256 unlockID) external returns (uint256 amount)

• Purpose: Completes the unstaking process.

• Details:

  • Transfers underlying assets to the specified receiver.

  • Requires the unlock position to mature.

Conversion Functions

convertToAssets(uint256 shares) public view returns (uint256)
function convertToShares(uint256 assets) public view returns (uint256)

• Purpose: Handle conversion between shares (tTokens) and assets (underlying tokens).

• Details: Accounts for changes in the elastic supply.

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Integration Guide For DeFi Protocols

Token Implementation

• Implements the standard ERC-20 interface.

• Includes an additional rebase mechanism.

• Use convertToAssets() for accurate balance calculations.

Handling Rebases

• Rebases occur automatically before token transfers.

• External calls should account for supply changes.

• Monitor Rebase events for updates to supply.

Safety Considerations

• Always check return values for all operations.

• Account for potential slashing events that may affect balances.

• Handle failed operations gracefully to ensure robust integrations.