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04 restaker setup

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Actions edited this page Apr 14, 2026 · 29 revisions

Restaker Setup and Delegation Lifecycle

Overview

Before a policy can be bound, the restaker must complete a deposit setup that makes their stake slashable by the policy's committee. This process involves depositing directly into an EigenLayer duration vault (and optionally a Symbiotic vault).

The restaker deposit is performed directly against EigenLayer contracts (no Coverage script needed). Stake sufficiency is enforced at bind time by PolicyManager.bindPolicy, which reads StakeManager.getCommitteeTokenStakes(policyId) and converts each vault's token-native stake to USD via ChainlinkPriceFeed.getUSDValue, then requires the total >= coverageLimit in USD.

Duration Vault Model (EigenLayer)

On EigenLayer, duration vaults (DurationVaultStrategy) act as the operator — the curator does NOT register as an EigenLayer operator, set an allocation delay, allocate magnitude, or register to an operator set. The vault handles all of this internally:

  • When PolicyManager.requestCoverage is called, it triggers StakeManager.createCommittee, which calls SSPRouter.createCommittee.
  • SSPRouter.createCommittee automatically deploys a DurationVaultStrategy contract (via EigenAdapter.deployDurationVaultStrategy) for each acceptable collateral token.
  • Each DurationVaultStrategy registers itself as an EigenLayer operator and operator set upon deployment.
  • Restakers deposit collateral directly into the duration vault through EigenLayer's StrategyManager.depositIntoStrategy(durationVault, token, amount).
  • No separate magnitude allocation or operator set registration is needed from the restaker.

EigenLayer Delegation Lifecycle for a Committee

flowchart TD
    DEPOSIT["1. Deposit into duration vault\nStrategyManager.depositIntoStrategy(durationVault, token, amount)"]
    VAULTS["2. Add vaults to committee\n(via CoverPool.bindPolicyForRequest)"]
    BIND["3. Bind policy\n(PolicyManager.bindPolicy)"]
    SLASH["Slashable on claim\n(SlashingManager.executeSlashing)"]

    DEPOSIT --> VAULTS
    VAULTS --> BIND
    BIND --> SLASH
Loading

Step 1: Deposit into Duration Vault

The restaker deposits collateral into the DurationVaultStrategy auto-deployed by EigenAdapter.deployDurationVaultStrategy when the committee was created. Deposits go through EigenLayer's standard StrategyManager:

IERC20(token).approve(eigenStrategyManager, amount);
IStrategyManager(eigenStrategyManager).depositIntoStrategy(durationVault, token, amount);

The durationVault address is the DurationVaultStrategy contract deployed for this committee. It acts as both an EigenLayer strategy (accepts deposits) and an EigenLayer operator (is slashable). Its address is stored in StakeManager.getCommitteeVaults(policyId) after committee creation.

The deposited amount must satisfy the coverage USD requirement. The USD value is computed by EigenAdapter.getStrategiesStakeUSD(vaults) at bind time:

stake_USD = totalShares * sharesToUnderlyingView() * ChainlinkPriceFeed.getUSDValue(token, 1e18) / 1e18

Example: to cover coverageAmount = 100_000_000_000 (1000 USD at 8 decimals), at least $1000 / ETH_USD_PRICE ETH worth of WETH must be deposited.

Steps 2 & 3: Add Vaults and Bind Policy

These steps are performed by the curator via CoverPool.bindPolicyForRequest(...), which:

  1. calls StakeManager.setCommitteeVaults(policyId, [durationVaultStrategy], coverageLimit) — registers the vault as a committee vault, calls EigenAdapter.addStrategiesToOperatorSet to configure it, sets TVL limits on the duration vault (converting coverageLimit USD to token-native amounts), and locks the duration vault.
  2. calls PolicyManager.bindPolicy(...) — verifies committee has at least one vault, reads getCommitteeTokenStakes(policyId), converts total stake to USD via ChainlinkPriceFeed.getUSDValue, and requires totalStakeUSD >= coverageLimitUSD before activating the policy.

Why a Separate Setup Phase Exists

Policy binding (BindPolicy.s.sol) and restaker deposit are deliberately separated because:

  • Different actors and keys: deposit uses the restaker key; binding uses the curator key and quote signer key.
  • Asynchronous stake propagation: after deposit, the USD value reported by EigenAdapter may take one or more blocks to reflect on-chain price feed data.
  • One-time vs per-policy: stake deposit is per-restaker/committee setup; binding is per-policy.
  • Protocol boundary: the deposit phase crosses EigenLayer/Symbiotic APIs directly; the bind phase only touches Coverage and Core contracts.

Premium Reward Flow

After policy binding and premium collection, premiums are distributed as follows:

  1. CoveredVaultWrapper.collectPremium() (permissionless) checkpoints the premium accumulator and calls PremiumManager.distributePremium(...), approving PremiumManager to pull the pending amount first.
  2. PremiumManager.distributePremium pulls tokens via safeTransferFrom and splits the amount into platform fee, pool fee, and restaker share. Platform and pool fees are transferred immediately.
  3. PremiumManager calls RewardsManager.distributeRewards(policyId, curator, restakerSplit, token, taskId).
  4. RewardsManager pulls the restaker share from PremiumManager to itself via token.safeTransferFrom(premiumManager, address(this), restakerSplit).
  5. RewardsManager calls SSPRouter.distributeRewards(..., tokenSource=address(this)).
  6. SSPRouter pulls tokens from RewardsManager and fans out to adapters.

Prerequisite: admin must call PremiumManager.approveSpender(token, rewardsManager, type(uint256).max) once during initial setup so that RewardsManager has an unlimited allowance to pull the restaker share from PremiumManager.

Vault Module Registration Prerequisite

Before any vault can be bound to a committee, the core admin must register it in SSPRouter:

cast send $SSPROUTER "registerVaultModule(address,uint8)" $VAULT_ADDRESS 2 \
  --private-key $CORE_ADMIN_PRIVATE_KEY --rpc-url $RPC_URL
# 2 = EIGENLAYER; 1 = SYMBIOTIC

For duration vaults auto-deployed by createCommittee, this is handled automatically.

Verify:

cast call $SSPROUTER "getVaultModule(address)(uint8)" $VAULT_ADDRESS --rpc-url $RPC_URL
# Expected: 2 (EIGENLAYER) or 1 (SYMBIOTIC)

Stake Sufficiency Check at Bind Time

The stake check runs inside PolicyManager.bindPolicy, not during vault registration. After StakeManager.setCommitteeVaults configures the vaults, bindPolicy calls:

StakeManager.getCommitteeTokenStakes(policyId)
  → returns (vaults[], tokens[], tokenStakes[])

Then for each vault with non-zero stake:

totalStakeUSD += ChainlinkPriceFeed.getUSDValue(tokens[i], tokenStakes[i])

And the coverage limit in USD:

coverageLimitUSD = ChainlinkPriceFeed.getUSDValue(payoutToken, coverageLimit)

Bind reverts with InsufficientStake if totalStakeUSD < coverageLimitUSD.

For example, to back a policy with coverageLimit = 1 WETH (where 1 WETH = $1,000 USD at bind time), the committee must hold >= $1,000 USD worth of staked collateral.

Restaker Deposit Reference

The restaker deposit is a single direct EigenLayer call — no Coverage script is needed. Get the durationVault address from StakeManager.getCommitteeVaults(policyId)[0] after committee creation.

# 1. Approve collateral token to EigenLayer StrategyManager
cast send $COLLATERAL_TOKEN "approve(address,uint256)" $EIGEN_STRATEGY_MANAGER $DEPOSIT_AMOUNT \
  --private-key $RESTAKER_PRIVATE_KEY --rpc-url $RPC_URL

# 2. Deposit into the duration vault
cast send $EIGEN_STRATEGY_MANAGER \
  "depositIntoStrategy(address,address,uint256)" \
  $EIGEN_DURATION_VAULT $COLLATERAL_TOKEN $DEPOSIT_AMOUNT \
  --private-key $RESTAKER_PRIVATE_KEY --rpc-url $RPC_URL
Variable Description
RESTAKER_PRIVATE_KEY Restaker private key
EIGEN_STRATEGY_MANAGER EigenLayer StrategyManager address
EIGEN_DURATION_VAULT DurationVaultStrategy for this committee (StakeManager.getCommitteeVaults(policyId)[0])
COLLATERAL_TOKEN Collateral token accepted by the duration vault
DEPOSIT_AMOUNT Amount to deposit (wei)

Key Addresses on Sepolia

Component Address
EigenLayer DelegationManager 0xD4A7E1Bd8015057293f0D0A557088c286942e84b
EigenLayer StrategyManager 0x2E3D6c0744b10eb0A4e6F679F71554a39Ec47a5D
EigenAdapter (AVS) 0xA28871e253C972A96003D3f432CA4170f4ae2A78
SSPRouter 0xc2F3906Bb57c8Db7DF2DddF0f2CEc521fE6834f8

Duration vault addresses are looked up at runtime via StakeManager.getCommitteeVaults(policyId).

Common Failure Modes

Symptom Root Cause Fix
InsufficientStake at bind totalStakeUSD < coverageLimitUSD in PolicyManager.bindPolicy Deposit more collateral or reduce COVERAGE_AMOUNT
VaultModuleNotSet at setCommitteeVaults Duration vault not registered in SSPRouter Core admin: SSPRouter.registerVaultModule(vault, 2)
PriceFeedNotFound at bind or fileClaim Token not registered in ChainlinkPriceFeed Core admin: registerPriceFeed(token, aggregator, stalenessThreshold)
InvalidCommitteeId policyId = 0 (not set from output of RequestCoverage) Set POLICY_ID env var from RequestCoverage.s.sol output
Stake reads 0 before bind Vaults not yet added to committee (expected) Stake = 0 until bindPolicyForRequest runs setCommitteeVaults
RewardsManager safeTransferFrom reverts on distribution PremiumManager has not approved RewardsManager Admin: PremiumManager.approveSpender(token, rewardsManager, type(uint256).max)

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