As you're creating a new Etheruem based project, this command will also generate ABI types and save them into src/types using the npx typechain --target=ethers-v5 command, allowing you to bind these contracts to specific addresses in the mappings and call read-only contract methods against the block being processed.

It will also generate a class for every contract event to provide easy access to event parameters, as well as the block and transaction the event originated from. Read about how this is done in EVM Codegen from ABIs.

All of these types are written to src/types/abi-interfaces and src/types/contracts directories. In this example project, you would import these types like so.