Allocators

Allocators are whitelisted entities (protocols, institutions, DAOs) that receive credit lines to mint 0x assets. They serve as capital-efficiency mechanisms and liquidity providers.

Allocator Lifecycle

1

1. Onboarding (Admin/Governance)

Example call:

setAllocatorSingleByAdmin(
  SetAllocatorMemory({ 
    allocator: zeroXAllocatorAddress,
    allowed: true,
    line: LineOfCredit({ ceiling: 1000e18, dailyCap: 100e18, mintedToday: 0, lastMintDay: 0 }),
    borrowFeeBps: 100
  }),
  assets, // [WBTC, cbBTC]
  pockets, // [allocatorWBTCVault, allocatorCbBTCVault]
  AllocatorOperations.SET_ALLOCATOR
);

2

2. Credit Minting

Example:

// Allocator mints 50 0xBTC against credit line
allocatorCreditMint(allocatorAddress, 50e18);

3

3. Deployment

• Allocator deploys minted 0xBTC into yield strategies

• Allocator earns yield on deployed capital

• Allocator manages risk and liquidity

4

4. Repayment

Example:

// Allocator returns WBTC to reduce debt
allocatorRepay(WBTC, 50e8); // Repays 50 WBTC worth of debt

Allocator Roles

Responsibilities:

• Manage 0x asset inventory responsibly

• Maintain liquidity for referral-attributed swaps

• Repay debt when needed

• Monitor credit utilization and daily caps

• Set custom pockets for underlying asset routing

Privileges:

• Mint 0x assets up to credit line without depositing collateral

• Receive underlying assets from referral swaps directly to their pockets

• Set own pocket addresses via setMyPocket()

• Earn yield on deployed capital

Restrictions:

• Cannot redeem 0x assets for underlying

• Must stay within credit ceiling and daily cap

• Subject to borrow fees on minting (if configured)