Rehypothecation Module

RehypothecationModule defines the idle/vault ratio parameters that control how FW tokens balance reserves and yield deployment.

Source: src/fira_bonding/RehypothecationModule.sol

Contract summary

A configuration contract that stores three parameters (in basis points) controlling the FW idle ratio:

Parameter	Purpose
phiMin	Minimum idle ratio — triggers vault withdrawal if breached
phiMax	Maximum idle ratio — triggers vault deposit if breached
phiTarget	Target idle ratio — used by forceRehypothecation()

How it's used

FW tokens reference this module when triggerRehypothecation() or forceRehypothecation() is called. The FW contract reads phiMin, phiMax, and phiTarget from the module and rebalances accordingly.

The module is set on the FW token by the owner. Setting it to address(0) disables rehypothecation entirely.

Related pages

• Rehypothecation (Feature)

• FW Tokens