OpenEndFundManager

Git Source

Author: CapSign Inc.

Manages an open-ended fund by orchestrating subscriptions and redemptions at NAV, calling updateNAV on the registry, and controlling windows for liquidity.

State Variables

fundRegistry

OpenEndFundClass public fundRegistry;

subscriptionsOpen

bool public subscriptionsOpen = true;

redemptionsOpen

bool public redemptionsOpen = true;

acceptedToken

address public acceptedToken;

Functions

constructor

constructor(address registryAddress, address token);

subscribe

Allows an investor to subscribe by sending in tokens.

function subscribe(uint256 amount, uint96 costBasis) external;

Parameters

Name	Type	Description
amount	uint256	The amount of stablecoins to invest.
costBasis	uint96	The cost basis per share (if relevant).

redeem

Allows an investor to redeem shares for stablecoins, if redemptions are open.

function redeem(bytes32 lotId, uint96 realQuantity) external;

Parameters

Name	Type	Description
lotId	bytes32	The ID of the lot to redeem from.
realQuantity	uint96	The number of shares (in "real" quantity) to redeem.

updateNav

Updates the NAV ratio in the underlying registry, e.g., daily or monthly. In a real scenario, 'num' and 'den' might come from an oracle or off-chain calculation.

function updateNav(uint96 num, uint96 den) external;

toggleSubscriptions

function toggleSubscriptions(bool open) external;

toggleRedemptions

function toggleRedemptions(bool open) external;

Events

Subscribed

event Subscribed(address indexed investor, uint256 amount, uint256 sharesCreated);

Redeemed

event Redeemed(address indexed investor, uint256 sharesRedeemed, uint256 amountOut);

NavUpdated

event NavUpdated(uint96 navNum, uint96 navDen);