Max Positions

The MaxPositions policy's purpose is fairly self-explanatory: to limit the number of token positions that a fund can hold at any given time.

This example requires an environment instance as described here.

One thing to note: to deploy specific policy contracts, you must pass the corresponding byte code to the that contract's deployment method.

import { Hub, MaxPositions, PolicyManager } from '@melonproject/melonjs';
import { MaxPositionsBytecode } from '@melonproject/melonjs/abis/MaxPositions.bin';
// your hub address
const hubAddress = '0x05263237f43190ce0e93b48afb25dd60a03ad3c5';
// the address of the fund's manager
const fundManager = '0x0b64bf0fae1b9ffa80cd880f5b82d467ee34c28e';
// declare an instance of the fund's hub to access the spoke contract addresses
const hub = new Hub(environment, hubAddress);
// the address of the fund's PolicyManger contract
const policyManagerAddress = hub.getRoutes().policyManager;
// specify the max number of positions as a Big Number
const numberOfPositions = new BigNumber(5);
// specify the gas price (refer to
const gasPrice = 30000000000;
// declare the instance of the fund's PolicyManager contract
const manager = new PolicyManager(environment, policyManagerAddress);
// execute the deployment transaction
const deploymentTx = MaxPositions.deploy(
const deploymentOpts = await deplomentTx.prepare({gasPrice});
const deploymentReceipt = await deploymentTx.send(deploymentOpts);
// assign the proper address and signature to pass to the registration transaction
const maxPosSig = deploymentReceipt.signature;
const maxPosAddr = deploymentReceipt.address;
// execute the registration transaction
const registerTx = manager.registerPolicy(fundAddress, maxPosSig, maxPosAddr);
const registerOpts = await registerTx.prepare({ gasPrice });
const registerReceipt = await transaction.send(registerOpts);