Contents

Chapter 1

permit2-vault-adapter

One-transaction ERC-4626 vault deposits via Uniswap Permit2 — no separate approve needed.

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Chapter 2

Overview

Permit2VaultAdapter is a stateless adapter contract that enables users to deposit into any ERC-4626 vault in a single transaction, even for tokens that don't support EIP-2612 permit (like USDC, USDT, DAI on mainnet).

The Problem

Standard ERC-20 token deposits into vaults require two transactions:

1. token.approve(vault, amount) — user pays gas, waits for confirmation

2. vault.deposit(amount, receiver) — user pays gas again

This is the #1 UX complaint in DeFi. Users abandon flows, gas is wasted, and protocols lose depositors.

The Solution

With Permit2, the flow becomes:

1. One-time: User approves Permit2 contract for the token (or it's already approved)

2. Off-chain: User signs a Permit2 message (gasless, instant)

3. One tx: Adapter pulls tokens via Permit2 signature → deposits into vault → user receives shares

User signs Permit2 message (off-chain, gasless)
          │
          ▼
┌─────────────────────────┐
│  Permit2VaultAdapter    │
│  1. Pull tokens via P2  │
│  2. Approve vault       │
│  3. vault.deposit()     │
│  4. Reset approval      │
│  5. Emit event          │
└─────────────────────────┘
          │
          ▼
    User receives vault shares ✓

Chapter 3
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Features

Chapter 4
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Architecture

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