Treasury Program

Treasury Income Preparation

The Claimable Fee Pool beneficiary (receiver) is set as the Treasury (specifically the Config account). The Treasury Program provides a claim_fees instruction allowing TREASURY_KEEPER to transfer funds from each market's claimable fee pool into Receiver Vaults (Config account ATAs).

Treasury Revenue Process

The Treasury Program requires TREASURY_KEEPER to transfer funds from receiver vaults to Treasury Vaults (TreasuryConfig ATAs) before usage. This process, executed via deposit_into_treasury_vault instruction, only allows tokens defined in TreasuryConfig. Non-supported tokens must first be swapped to supported ones before transfer.

GT Bank Management

Treasury creates daily GT Banks corresponding to GT Exchange Vaults. GT Banks manage Buyback funds and support only TreasuryConfig-approved tokens. The daily Buyback fund limit is determined by the GT Bank's total funds for that day.

Buyback Confirmation

At UTC 0:00, TREASURY_KEEPER can confirm previous day's Buyback using confirm_gt_buyback. This marks GT Exchange Vault as confirmed, adjusts available Buyback balances, records final GT Buyback total, and transferred to GT vault with a portion. Before GT is tokenized, these GT will remain locked in the GT Vault. They will not be distributed to any address or used for secondary buybacks.

Buyback Completion

After confirmation, users can claim Buyback funds using complete_gt_exchange. This closes the GT Exchange account (returning rent), transfers corresponding funds to user accounts, and updates GT Bank's remaining token and GT balances. Buyback completes when all GT in a GT Bank is exchanged.