# VaultFactory

[Git Source](https://github.com/Ion-Protocol/ion-protocol/blob/88cc595825f1dc2eb738fb93e172a3e8ab7a5c43/src/vault/VaultFactory.sol)

**Author:** Molecular Labs

Factory contract for deploying Ion Lending Vaults.

### [Functions](https://docs.ionprotocol.io/devs/smart-contract-architecture/vault/broken-reference) <a href="#functions" id="functions"></a>

#### [createVault](https://docs.ionprotocol.io/devs/smart-contract-architecture/vault/broken-reference) <a href="#createvault" id="createvault"></a>

Deploys a new Ion Lending Vault. Transfers the `initialDeposit` amount of the base asset from the caller initiate the first deposit to the vault. The minimum `initialDeposit` is 1e3. If less, this call would underflow as it will always burn 1e3 shares of the total shares minted to defend against inflation attacks.

*The 1e3 initial deposit amount was chosen to defend against inflation attacks, referencing the UniV2 LP token implementation.*

```
function createVault(
    IERC20 baseAsset,
    address feeRecipient,
    uint256 feePercentage,
    string memory name,
    string memory symbol,
    uint48 initialDelay,
    address initialDefaultAdmin,
    bytes32 salt,
    Vault.MarketsArgs memory marketsArgs,
    uint256 initialDeposit
)
    external
    returns (Vault vault);
```

**Parameters**

| Name                  | Type                | Description                                         |
| --------------------- | ------------------- | --------------------------------------------------- |
| `baseAsset`           | `IERC20`            | The asset that is being lent out to IonPools.       |
| `feeRecipient`        | `address`           | Address that receives the accrued manager fees.     |
| `feePercentage`       | `uint256`           | Fee percentage to be set.                           |
| `name`                | `string`            | Name of the vault token.                            |
| `symbol`              | `string`            | Symbol of the vault token.                          |
| `initialDelay`        | `uint48`            | The initial delay for default admin transfers.      |
| `initialDefaultAdmin` | `address`           | The initial default admin for the vault.            |
| `salt`                | `bytes32`           | The salt used for CREATE2 deployment.               |
| `marketsArgs`         | `Vault.MarketsArgs` | Arguments for the markets to be added to the vault. |
| `initialDeposit`      | `uint256`           | The initial deposit to be made to the vault.        |

### [Events](https://docs.ionprotocol.io/devs/smart-contract-architecture/vault/broken-reference) <a href="#events" id="events"></a>

#### [CreateVault](https://docs.ionprotocol.io/devs/smart-contract-architecture/vault/broken-reference) <a href="#createvault-1" id="createvault-1"></a>

```
event CreateVault(
    address vault,
    IERC20 indexed baseAsset,
    address feeRecipient,
    uint256 feePercentage,
    string name,
    string symbol,
    address indexed initialDefaultAdmin
);
```