Description:
Proxy contract enabling upgradeable smart contract patterns. Delegates calls to an implementation contract.
Blockchain: Ethereum
Source Code: View Code On The Blockchain
Solidity Source Code:
{{
"language": "Solidity",
"sources": {
"contracts/CometMath.sol": {
"content": "// SPDX-License-Identifier: BUSL-1.1
pragma solidity 0.8.15;
/**
* @title Compound's Comet Math Contract
* @dev Pure math functions
* @author Compound
*/
contract CometMath {
/** Custom errors **/
error InvalidUInt64();
error InvalidUInt104();
error InvalidUInt128();
error InvalidInt104();
error InvalidInt256();
error NegativeNumber();
function safe64(uint n) internal pure returns (uint64) {
if (n > type(uint64).max) revert InvalidUInt64();
return uint64(n);
}
function safe104(uint n) internal pure returns (uint104) {
if (n > type(uint104).max) revert InvalidUInt104();
return uint104(n);
}
function safe128(uint n) internal pure returns (uint128) {
if (n > type(uint128).max) revert InvalidUInt128();
return uint128(n);
}
function signed104(uint104 n) internal pure returns (int104) {
if (n > uint104(type(int104).max)) revert InvalidInt104();
return int104(n);
}
function signed256(uint256 n) internal pure returns (int256) {
if (n > uint256(type(int256).max)) revert InvalidInt256();
return int256(n);
}
function unsigned104(int104 n) internal pure returns (uint104) {
if (n < 0) revert NegativeNumber();
return uint104(n);
}
function unsigned256(int256 n) internal pure returns (uint256) {
if (n < 0) revert NegativeNumber();
return uint256(n);
}
function toUInt8(bool x) internal pure returns (uint8) {
return x ? 1 : 0;
}
function toBool(uint8 x) internal pure returns (bool) {
return x != 0;
}
}
"
},
"contracts/CometStorage.sol": {
"content": "// SPDX-License-Identifier: BUSL-1.1
pragma solidity 0.8.15;
/**
* @title Compound's Comet Storage Interface
* @dev Versions can enforce append-only storage slots via inheritance.
* @author Compound
*/
contract CometStorage {
// 512 bits total = 2 slots
struct TotalsBasic {
// 1st slot
uint64 baseSupplyIndex;
uint64 baseBorrowIndex;
uint64 trackingSupplyIndex;
uint64 trackingBorrowIndex;
// 2nd slot
uint104 totalSupplyBase;
uint104 totalBorrowBase;
uint40 lastAccrualTime;
uint8 pauseFlags;
}
struct TotalsCollateral {
uint128 totalSupplyAsset;
uint128 _reserved;
}
struct UserBasic {
int104 principal;
uint64 baseTrackingIndex;
uint64 baseTrackingAccrued;
uint16 assetsIn;
uint8 _reserved;
}
struct UserCollateral {
uint128 balance;
uint128 _reserved;
}
struct LiquidatorPoints {
uint32 numAbsorbs;
uint64 numAbsorbed;
uint128 approxSpend;
uint32 _reserved;
}
/// @dev Aggregate variables tracked for the entire market
uint64 internal baseSupplyIndex;
uint64 internal baseBorrowIndex;
uint64 internal trackingSupplyIndex;
uint64 internal trackingBorrowIndex;
uint104 internal totalSupplyBase;
uint104 internal totalBorrowBase;
uint40 internal lastAccrualTime;
uint8 internal pauseFlags;
/// @notice Aggregate variables tracked for each collateral asset
mapping(address => TotalsCollateral) public totalsCollateral;
/// @notice Mapping of users to accounts which may be permitted to manage the user account
mapping(address => mapping(address => bool)) public isAllowed;
/// @notice The next expected nonce for an address, for validating authorizations via signature
mapping(address => uint) public userNonce;
/// @notice Mapping of users to base principal and other basic data
mapping(address => UserBasic) public userBasic;
/// @notice Mapping of users to collateral data per collateral asset
mapping(address => mapping(address => UserCollateral)) public userCollateral;
/// @notice Mapping of magic liquidator points
mapping(address => LiquidatorPoints) public liquidatorPoints;
}
"
},
"contracts/ERC20.sol": {
"content": "// SPDX-License-Identifier: BUSL-1.1
pragma solidity 0.8.15;
/**
* @title ERC 20 Token Standard Interface
* https://eips.ethereum.org/EIPS/eip-20
*/
interface ERC20 {
function name() external view returns (string memory);
function symbol() external view returns (string memory);
function decimals() external view returns (uint8);
/**
* @notice Get the total number of tokens in circulation
* @return The supply of tokens
*/
function totalSupply() external view returns (uint256);
/**
* @notice Gets the balance of the specified address
* @param owner The address from which the balance will be retrieved
* @return The balance
*/
function balanceOf(address owner) external view returns (uint256);
/**
* @notice Transfer `amount` tokens from `msg.sender` to `dst`
* @param dst The address of the destination account
* @param amount The number of tokens to transfer
* @return Whether or not the transfer succeeded
*/
function transfer(address dst, uint256 amount) external returns (bool);
/**
* @notice Transfer `amount` tokens from `src` to `dst`
* @param src The address of the source account
* @param dst The address of the destination account
* @param amount The number of tokens to transfer
* @return Whether or not the transfer succeeded
*/
function transferFrom(address src, address dst, uint256 amount) external returns (bool);
/**
* @notice Approve `spender` to transfer up to `amount` from `src`
* @dev This will overwrite the approval amount for `spender`
* and is subject to issues noted [here](https://eips.ethereum.org/EIPS/eip-20#approve)
* @param spender The address of the account which may transfer tokens
* @param amount The number of tokens that are approved (-1 means infinite)
* @return Whether or not the approval succeeded
*/
function approve(address spender, uint256 amount) external returns (bool);
/**
* @notice Get the current allowance from `owner` for `spender`
* @param owner The address of the account which owns the tokens to be spent
* @param spender The address of the account which may transfer tokens
* @return The number of tokens allowed to be spent (-1 means infinite)
*/
function allowance(address owner, address spender) external view returns (uint256);
event Transfer(address indexed from, address indexed to, uint256 amount);
event Approval(address indexed owner, address indexed spender, uint256 amount);
}
"
},
"contracts/IPriceFeed.sol": {
"content": "// SPDX-License-Identifier: BUSL-1.1
pragma solidity 0.8.15;
/**
* @dev Interface for price feeds used by Comet
* Note This is Chainlink's AggregatorV3Interface, but without the `getRoundData` function.
*/
interface IPriceFeed {
function decimals() external view returns (uint8);
function description() external view returns (string memory);
function version() external view returns (uint256);
function latestRoundData()
external
view
returns (
uint80 roundId,
int256 answer,
uint256 startedAt,
uint256 updatedAt,
uint80 answeredInRound
);
}"
},
"contracts/Kompu.sol": {
"content": "// SPDX-License-Identifier: BUSL-1.1
pragma solidity 0.8.15;
import "./KompuMainInterface.sol";
import "./ERC20.sol";
import "./IPriceFeed.sol";
/**
* @title Compound's Comet Contract
* @notice An efficient monolithic money market protocol
* @author Compound
*/
contract Kompu is KompuMainInterface {
/** General configuration constants **/
/// @notice The admin of the protocol
address public immutable override governor;
/// @notice The account which may trigger pauses
address public immutable override pauseGuardian;
/// @notice The address of the base token contract
address public immutable override baseToken;
/// @notice The address of the price feed for the base token
address public immutable override baseTokenPriceFeed;
/// @notice The address of the extension contract delegate
address public immutable override extensionDelegate;
/// @notice The point in the supply rates separating the low interest rate slope and the high interest rate slope (factor)
/// @dev uint64
uint public immutable override supplyKink;
/// @notice Per second supply interest rate slope applied when utilization is below kink (factor)
/// @dev uint64
uint public immutable override supplyPerSecondInterestRateSlopeLow;
/// @notice Per second supply interest rate slope applied when utilization is above kink (factor)
/// @dev uint64
uint public immutable override supplyPerSecondInterestRateSlopeHigh;
/// @notice Per second supply base interest rate (factor)
/// @dev uint64
uint public immutable override supplyPerSecondInterestRateBase;
/// @notice The point in the borrow rate separating the low interest rate slope and the high interest rate slope (factor)
/// @dev uint64
uint public immutable override borrowKink;
/// @notice Per second borrow interest rate slope applied when utilization is below kink (factor)
/// @dev uint64
uint public immutable override borrowPerSecondInterestRateSlopeLow;
/// @notice Per second borrow interest rate slope applied when utilization is above kink (factor)
/// @dev uint64
uint public immutable override borrowPerSecondInterestRateSlopeHigh;
/// @notice Per second borrow base interest rate (factor)
/// @dev uint64
uint public immutable override borrowPerSecondInterestRateBase;
/// @notice The fraction of the liquidation penalty that goes to buyers of collateral instead of the protocol
/// @dev uint64
uint public immutable override storeFrontPriceFactor;
/// @notice The scale for base token (must be less than 18 decimals)
/// @dev uint64
uint public immutable override baseScale;
/// @notice The scale for reward tracking
/// @dev uint64
uint public immutable override trackingIndexScale;
/// @notice The point at which it begins to give rewards to supplyers.
/// @dev uint64
uint public immutable override rewardKink;
/// @notice The speed at which rewards are tracked (in trackingIndexScale)
/// @dev uint64
uint public immutable override baseTrackingRewardSpeed;
/// @notice The minimum amount of base principal wei for rewards to accrue
/// @dev This must be large enough so as to prevent division by base wei from overflowing the 64 bit indices
/// @dev uint104
uint public immutable override baseMinForRewards;
/// @notice The minimum base amount required to initiate a borrow
uint public immutable override baseBorrowMin;
/// @notice The minimum base token reserves which must be held before collateral is hodled
uint public immutable override targetReserves;
/// @notice The number of decimals for wrapped base token
uint8 public immutable override decimals;
/// @notice The number of assets this contract actually supports
uint8 public immutable override numAssets;
/// @notice Factor to divide by when accruing rewards in order to preserve 6 decimals (i.e. baseScale / 1e6)
uint internal immutable accrualDescaleFactor;
/** Collateral asset configuration (packed) **/
uint256 internal immutable asset00_a;
uint256 internal immutable asset00_b;
uint256 internal immutable asset01_a;
uint256 internal immutable asset01_b;
uint256 internal immutable asset02_a;
uint256 internal immutable asset02_b;
uint256 internal immutable asset03_a;
uint256 internal immutable asset03_b;
uint256 internal immutable asset04_a;
uint256 internal immutable asset04_b;
uint256 internal immutable asset05_a;
uint256 internal immutable asset05_b;
uint256 internal immutable asset06_a;
uint256 internal immutable asset06_b;
uint256 internal immutable asset07_a;
uint256 internal immutable asset07_b;
uint256 internal immutable asset08_a;
uint256 internal immutable asset08_b;
uint256 internal immutable asset09_a;
uint256 internal immutable asset09_b;
uint256 internal immutable asset10_a;
uint256 internal immutable asset10_b;
uint256 internal immutable asset11_a;
uint256 internal immutable asset11_b;
uint256 internal immutable asset12_a;
uint256 internal immutable asset12_b;
uint256 internal immutable asset13_a;
uint256 internal immutable asset13_b;
uint256 internal immutable asset14_a;
uint256 internal immutable asset14_b;
/**
* @notice Construct a new protocol instance
* @param config The mapping of initial/constant parameters
**/
constructor(Configuration memory config) {
// Sanity checks
uint8 decimals_ = ERC20(config.baseToken).decimals();
if (decimals_ > MAX_BASE_DECIMALS) revert BadDecimals();
if (config.storeFrontPriceFactor > FACTOR_SCALE) revert BadDiscount();
if (config.assetConfigs.length > MAX_ASSETS) revert TooManyAssets();
if (config.baseMinForRewards == 0) revert BadMinimum();
if (
IPriceFeed(config.baseTokenPriceFeed).decimals() !=
PRICE_FEED_DECIMALS
) revert BadDecimals();
// Copy configuration
unchecked {
governor = config.governor;
pauseGuardian = config.pauseGuardian;
baseToken = config.baseToken;
baseTokenPriceFeed = config.baseTokenPriceFeed;
extensionDelegate = config.extensionDelegate;
storeFrontPriceFactor = config.storeFrontPriceFactor;
decimals = decimals_;
baseScale = uint64(10 ** decimals_);
trackingIndexScale = config.trackingIndexScale;
if (baseScale < BASE_ACCRUAL_SCALE) revert BadDecimals();
accrualDescaleFactor = baseScale / BASE_ACCRUAL_SCALE;
baseMinForRewards = config.baseMinForRewards;
rewardKink = config.rewardKink;
baseTrackingRewardSpeed = config.baseTrackingRewardSpeed;
baseBorrowMin = config.baseBorrowMin;
targetReserves = config.targetReserves;
}
// Set interest rate model configs
unchecked {
supplyKink = config.supplyKink;
supplyPerSecondInterestRateSlopeLow =
config.supplyPerYearInterestRateSlopeLow /
SECONDS_PER_YEAR;
supplyPerSecondInterestRateSlopeHigh =
config.supplyPerYearInterestRateSlopeHigh /
SECONDS_PER_YEAR;
supplyPerSecondInterestRateBase =
config.supplyPerYearInterestRateBase /
SECONDS_PER_YEAR;
borrowKink = config.borrowKink;
borrowPerSecondInterestRateSlopeLow =
config.borrowPerYearInterestRateSlopeLow /
SECONDS_PER_YEAR;
borrowPerSecondInterestRateSlopeHigh =
config.borrowPerYearInterestRateSlopeHigh /
SECONDS_PER_YEAR;
borrowPerSecondInterestRateBase =
config.borrowPerYearInterestRateBase /
SECONDS_PER_YEAR;
}
// Set asset info
numAssets = uint8(config.assetConfigs.length);
(asset00_a, asset00_b) = getPackedAssetInternal(config.assetConfigs, 0);
(asset01_a, asset01_b) = getPackedAssetInternal(config.assetConfigs, 1);
(asset02_a, asset02_b) = getPackedAssetInternal(config.assetConfigs, 2);
(asset03_a, asset03_b) = getPackedAssetInternal(config.assetConfigs, 3);
(asset04_a, asset04_b) = getPackedAssetInternal(config.assetConfigs, 4);
(asset05_a, asset05_b) = getPackedAssetInternal(config.assetConfigs, 5);
(asset06_a, asset06_b) = getPackedAssetInternal(config.assetConfigs, 6);
(asset07_a, asset07_b) = getPackedAssetInternal(config.assetConfigs, 7);
(asset08_a, asset08_b) = getPackedAssetInternal(config.assetConfigs, 8);
(asset09_a, asset09_b) = getPackedAssetInternal(config.assetConfigs, 9);
(asset10_a, asset10_b) = getPackedAssetInternal(
config.assetConfigs,
10
);
(asset11_a, asset11_b) = getPackedAssetInternal(
config.assetConfigs,
11
);
(asset12_a, asset12_b) = getPackedAssetInternal(
config.assetConfigs,
12
);
(asset13_a, asset13_b) = getPackedAssetInternal(
config.assetConfigs,
13
);
(asset14_a, asset14_b) = getPackedAssetInternal(
config.assetConfigs,
14
);
}
/**
* @notice Initialize storage for the contract
* @dev Can be used from constructor or proxy
*/
function initializeStorage() external override {
if (lastAccrualTime != 0) revert AlreadyInitialized();
// Initialize aggregates
lastAccrualTime = getNowInternal();
baseSupplyIndex = BASE_INDEX_SCALE;
baseBorrowIndex = BASE_INDEX_SCALE;
// Implicit initialization (not worth increasing contract size)
// trackingSupplyIndex = 0;
// trackingBorrowIndex = 0;
}
/**
* @dev Checks and gets the packed asset info for storage
*/
function getPackedAssetInternal(
AssetConfig[] memory assetConfigs,
uint i
) internal view returns (uint256, uint256) {
AssetConfig memory assetConfig;
if (i < assetConfigs.length) {
assembly {
assetConfig := mload(add(add(assetConfigs, 0x20), mul(i, 0x20)))
}
} else {
return (0, 0);
}
address asset = assetConfig.asset;
address priceFeed = assetConfig.priceFeed;
uint8 decimals_ = assetConfig.decimals;
// Short-circuit if asset is nil
if (asset == address(0)) {
return (0, 0);
}
// Sanity check price feed and asset decimals
if (IPriceFeed(priceFeed).decimals() != PRICE_FEED_DECIMALS)
revert BadDecimals();
if (ERC20(asset).decimals() != decimals_) revert BadDecimals();
// Ensure collateral factors are within range
if (
assetConfig.borrowCollateralFactor >=
assetConfig.liquidateCollateralFactor
) revert BorrowCFTooLarge();
if (assetConfig.liquidateCollateralFactor > MAX_COLLATERAL_FACTOR)
revert LiquidateCFTooLarge();
unchecked {
// Keep 4 decimals for each factor
uint64 descale = FACTOR_SCALE / 1e4;
uint16 borrowCollateralFactor = uint16(
assetConfig.borrowCollateralFactor / descale
);
uint16 liquidateCollateralFactor = uint16(
assetConfig.liquidateCollateralFactor / descale
);
uint16 liquidationFactor = uint16(
assetConfig.liquidationFactor / descale
);
// Be nice and check descaled values are still within range
if (borrowCollateralFactor >= liquidateCollateralFactor)
revert BorrowCFTooLarge();
// Keep whole units of asset for supply cap
uint64 supplyCap = uint64(
assetConfig.supplyCap / (10 ** decimals_)
);
uint256 word_a = ((uint160(asset) << 0) |
(uint256(borrowCollateralFactor) << 160) |
(uint256(liquidateCollateralFactor) << 176) |
(uint256(liquidationFactor) << 192));
uint256 word_b = ((uint160(priceFeed) << 0) |
(uint256(decimals_) << 160) |
(uint256(supplyCap) << 168));
return (word_a, word_b);
}
}
/**
* @notice Get the i-th asset info, according to the order they were passed in originally
* @param i The index of the asset info to get
* @return The asset info object
*/
function getAssetInfo(
uint8 i
) public view override returns (AssetInfo memory) {
if (i >= numAssets) revert BadAsset();
uint256 word_a;
uint256 word_b;
if (i == 0) {
word_a = asset00_a;
word_b = asset00_b;
} else if (i == 1) {
word_a = asset01_a;
word_b = asset01_b;
} else if (i == 2) {
word_a = asset02_a;
word_b = asset02_b;
} else if (i == 3) {
word_a = asset03_a;
word_b = asset03_b;
} else if (i == 4) {
word_a = asset04_a;
word_b = asset04_b;
} else if (i == 5) {
word_a = asset05_a;
word_b = asset05_b;
} else if (i == 6) {
word_a = asset06_a;
word_b = asset06_b;
} else if (i == 7) {
word_a = asset07_a;
word_b = asset07_b;
} else if (i == 8) {
word_a = asset08_a;
word_b = asset08_b;
} else if (i == 9) {
word_a = asset09_a;
word_b = asset09_b;
} else if (i == 10) {
word_a = asset10_a;
word_b = asset10_b;
} else if (i == 11) {
word_a = asset11_a;
word_b = asset11_b;
} else if (i == 12) {
word_a = asset12_a;
word_b = asset12_b;
} else if (i == 13) {
word_a = asset13_a;
word_b = asset13_b;
} else if (i == 14) {
word_a = asset14_a;
word_b = asset14_b;
} else {
revert Absurd();
}
address asset = address(uint160(word_a & type(uint160).max));
uint64 rescale = FACTOR_SCALE / 1e4;
uint64 borrowCollateralFactor = uint64(
((word_a >> 160) & type(uint16).max) * rescale
);
uint64 liquidateCollateralFactor = uint64(
((word_a >> 176) & type(uint16).max) * rescale
);
uint64 liquidationFactor = uint64(
((word_a >> 192) & type(uint16).max) * rescale
);
address priceFeed = address(uint160(word_b & type(uint160).max));
uint8 decimals_ = uint8(((word_b >> 160) & type(uint8).max));
uint64 scale = uint64(10 ** decimals_);
uint128 supplyCap = uint128(
((word_b >> 168) & type(uint64).max) * scale
);
return
AssetInfo({
offset: i,
asset: asset,
priceFeed: priceFeed,
scale: scale,
borrowCollateralFactor: borrowCollateralFactor,
liquidateCollateralFactor: liquidateCollateralFactor,
liquidationFactor: liquidationFactor,
supplyCap: supplyCap
});
}
/**
* @dev Determine index of asset that matches given address
*/
function getAssetInfoByAddress(
address asset
) public view override returns (AssetInfo memory) {
for (uint8 i = 0; i < numAssets; ) {
AssetInfo memory assetInfo = getAssetInfo(i);
if (assetInfo.asset == asset) {
return assetInfo;
}
unchecked {
i++;
}
}
revert BadAsset();
}
/**
* @return The current timestamp
**/
function getNowInternal() internal view virtual returns (uint40) {
if (block.timestamp >= 2 ** 40) revert TimestampTooLarge();
return uint40(block.timestamp);
}
/**
* @dev Calculate accrued interest indices for base token supply and borrows
**/
function accruedInterestIndices(
uint timeElapsed
) internal view returns (uint64, uint64) {
uint64 baseSupplyIndex_ = baseSupplyIndex;
uint64 baseBorrowIndex_ = baseBorrowIndex;
if (timeElapsed > 0) {
uint utilization = getUtilization();
uint supplyRate = getSupplyRate(utilization);
uint borrowRate = getBorrowRate(utilization);
baseSupplyIndex_ += safe64(
mulFactor(baseSupplyIndex_, supplyRate * timeElapsed)
);
baseBorrowIndex_ += safe64(
mulFactor(baseBorrowIndex_, borrowRate * timeElapsed)
);
}
return (baseSupplyIndex_, baseBorrowIndex_);
}
/**
* @dev Accrue interest (and rewards) in base token supply and borrows
**/
function accrueInternal() internal {
uint40 now_ = getNowInternal();
uint timeElapsed = uint256(now_ - lastAccrualTime);
if (timeElapsed > 0) {
(baseSupplyIndex, baseBorrowIndex) = accruedInterestIndices(
timeElapsed
);
uint utilization = getUtilization();
if (totalSupplyBase >= baseMinForRewards) {
trackingSupplyIndex += safe64(
divBaseWei(
getBaseTrackingSupplySpeed(utilization) * timeElapsed,
totalSupplyBase
)
);
}
if (totalBorrowBase >= baseMinForRewards) {
trackingBorrowIndex += safe64(
divBaseWei(
getBaseTrackingBorrowSpeed(utilization) * timeElapsed,
totalBorrowBase
)
);
}
lastAccrualTime = now_;
}
}
/**
* @notice Accrue interest and rewards for an account
**/
function accrueAccount(address account) external override {
accrueInternal();
UserBasic memory basic = userBasic[account];
updateBasePrincipal(account, basic, basic.principal);
}
/**
* @dev Note: Does not accrue interest first
* @param utilization The utilization to check the supply rate for
* @return The per second supply rate at `utilization`
*/
function getSupplyRate(
uint utilization
) public view override returns (uint64) {
if (utilization <= supplyKink) {
// interestRateBase + interestRateSlopeLow * utilization
return
safe64(
supplyPerSecondInterestRateBase +
mulFactor(
supplyPerSecondInterestRateSlopeLow,
utilization
)
);
} else {
// interestRateBase + interestRateSlopeLow * kink + interestRateSlopeHigh * (utilization - kink)
return
safe64(
supplyPerSecondInterestRateBase +
mulFactor(
supplyPerSecondInterestRateSlopeLow,
supplyKink
) +
mulFactor(
supplyPerSecondInterestRateSlopeHigh,
(utilization - supplyKink)
)
);
}
}
/**
* @dev Note: Does not accrue interest first
* @param utilization The utilization to check the borrow rate for
* @return The per second borrow rate at `utilization`
*/
function getBorrowRate(
uint utilization
) public view override returns (uint64) {
if (utilization <= borrowKink) {
// interestRateBase + interestRateSlopeLow * utilization
return
safe64(
borrowPerSecondInterestRateBase +
mulFactor(
borrowPerSecondInterestRateSlopeLow,
utilization
)
);
} else {
// interestRateBase + interestRateSlopeLow * kink + interestRateSlopeHigh * (utilization - kink)
return
safe64(
borrowPerSecondInterestRateBase +
mulFactor(
borrowPerSecondInterestRateSlopeLow,
borrowKink
) +
mulFactor(
borrowPerSecondInterestRateSlopeHigh,
(utilization - borrowKink)
)
);
}
}
/**
* @dev Note: Does not accrue interest first
* @return The utilization rate of the base asset
*/
function getUtilization() public view override returns (uint) {
uint totalSupply_ = presentValueSupply(
baseSupplyIndex,
totalSupplyBase
);
uint totalBorrow_ = presentValueBorrow(
baseBorrowIndex,
totalBorrowBase
);
if (totalSupply_ == 0) {
return 0;
} else {
return (totalBorrow_ * FACTOR_SCALE) / totalSupply_;
}
}
function baseTrackingSupplySpeed() public view override returns (uint) {
uint utilization = getUtilization();
if (utilization <= rewardKink) {
return 0;
} else if (utilization <= FACTOR_SCALE) {
return
(baseTrackingRewardSpeed * (utilization - rewardKink)) /
(FACTOR_SCALE - rewardKink);
} else {
return baseTrackingRewardSpeed;
}
}
function baseTrackingBorrowSpeed() public view override returns (uint) {
uint utilization = getUtilization();
if (utilization <= rewardKink) {
return baseTrackingRewardSpeed;
} else if (utilization <= FACTOR_SCALE) {
return
(baseTrackingRewardSpeed * (FACTOR_SCALE - utilization)) /
(FACTOR_SCALE - rewardKink);
} else {
return 0;
}
}
function getBaseTrackingSupplySpeed(
uint utilization
) public view returns (uint) {
if (utilization <= rewardKink) {
return 0;
} else if (utilization <= FACTOR_SCALE) {
return
(baseTrackingRewardSpeed * (utilization - rewardKink)) /
(FACTOR_SCALE - rewardKink);
} else {
return baseTrackingRewardSpeed;
}
}
function getBaseTrackingBorrowSpeed(
uint utilization
) public view returns (uint) {
if (utilization <= rewardKink) {
return baseTrackingRewardSpeed;
} else if (utilization <= FACTOR_SCALE) {
return
(baseTrackingRewardSpeed * (FACTOR_SCALE - utilization)) /
(FACTOR_SCALE - rewardKink);
} else {
return 0;
}
}
/**
* @notice Get the current price from a feed
* @param priceFeed The address of a price feed
* @return The price, scaled by `PRICE_SCALE`
*/
function getPrice(
address priceFeed
) public view override returns (uint256) {
(, int price, , , ) = IPriceFeed(priceFeed).latestRoundData();
if (price <= 0) revert BadPrice();
return uint256(price);
}
/**
* @notice Gets the total balance of protocol collateral reserves for an asset
* @dev Note: Reverts if collateral reserves are somehow negative, which should not be possible
* @param asset The collateral asset
*/
function getCollateralReserves(
address asset
) public view override returns (uint) {
return
ERC20(asset).balanceOf(address(this)) -
totalsCollateral[asset].totalSupplyAsset;
}
/**
* @notice Gets the total amount of protocol reserves of the base asset
*/
function getReserves() public view override returns (int) {
(
uint64 baseSupplyIndex_,
uint64 baseBorrowIndex_
) = accruedInterestIndices(getNowInternal() - lastAccrualTime);
uint balance = ERC20(baseToken).balanceOf(address(this));
uint totalSupply_ = presentValueSupply(
baseSupplyIndex_,
totalSupplyBase
);
uint totalBorrow_ = presentValueBorrow(
baseBorrowIndex_,
totalBorrowBase
);
return
signed256(balance) -
signed256(totalSupply_) +
signed256(totalBorrow_);
}
/**
* @notice Check whether an account has enough collateral to borrow
* @param account The address to check
* @return Whether the account is minimally collateralized enough to borrow
*/
function isBorrowCollateralized(
address account
) public view override returns (bool) {
int104 principal = userBasic[account].principal;
if (principal >= 0) {
return true;
}
uint16 assetsIn = userBasic[account].assetsIn;
int liquidity = signedMulPrice(
presentValue(principal),
getPrice(baseTokenPriceFeed),
uint64(baseScale)
);
for (uint8 i = 0; i < numAssets; ) {
if (isInAsset(assetsIn, i)) {
if (liquidity >= 0) {
return true;
}
AssetInfo memory asset = getAssetInfo(i);
uint newAmount = mulPrice(
userCollateral[account][asset.asset].balance,
getPrice(asset.priceFeed),
asset.scale
);
liquidity += signed256(
mulFactor(newAmount, asset.borrowCollateralFactor)
);
}
unchecked {
i++;
}
}
return liquidity >= 0;
}
/**
* @notice Check whether an account has enough collateral to not be liquidated
* @param account The address to check
* @return Whether the account is minimally collateralized enough to not be liquidated
*/
function isLiquidatable(
address account
) public view override returns (bool) {
int104 principal = userBasic[account].principal;
if (principal >= 0) {
return false;
}
uint16 assetsIn = userBasic[account].assetsIn;
int liquidity = signedMulPrice(
presentValue(principal),
getPrice(baseTokenPriceFeed),
uint64(baseScale)
);
for (uint8 i = 0; i < numAssets; ) {
if (isInAsset(assetsIn, i)) {
if (liquidity >= 0) {
return false;
}
AssetInfo memory asset = getAssetInfo(i);
uint newAmount = mulPrice(
userCollateral[account][asset.asset].balance,
getPrice(asset.priceFeed),
asset.scale
);
liquidity += signed256(
mulFactor(newAmount, asset.liquidateCollateralFactor)
);
}
unchecked {
i++;
}
}
return liquidity < 0;
}
/**
* @dev The change in principal broken into repay and supply amounts
*/
function repayAndSupplyAmount(
int104 oldPrincipal,
int104 newPrincipal
) internal pure returns (uint104, uint104) {
// If the new principal is less than the old principal, then no amount has been repaid or supplied
if (newPrincipal < oldPrincipal) return (0, 0);
if (newPrincipal <= 0) {
return (uint104(newPrincipal - oldPrincipal), 0);
} else if (oldPrincipal >= 0) {
return (0, uint104(newPrincipal - oldPrincipal));
} else {
return (uint104(-oldPrincipal), uint104(newPrincipal));
}
}
/**
* @dev The change in principal broken into withdraw and borrow amounts
*/
function withdrawAndBorrowAmount(
int104 oldPrincipal,
int104 newPrincipal
) internal pure returns (uint104, uint104) {
// If the new principal is greater than the old principal, then no amount has been withdrawn or borrowed
if (newPrincipal > oldPrincipal) return (0, 0);
if (newPrincipal >= 0) {
return (uint104(oldPrincipal - newPrincipal), 0);
} else if (oldPrincipal <= 0) {
return (0, uint104(oldPrincipal - newPrincipal));
} else {
return (uint104(oldPrincipal), uint104(-newPrincipal));
}
}
/**
* @notice Pauses different actions within Comet
* @param supplyPaused Boolean for pausing supply actions
* @param transferPaused Boolean for pausing transfer actions
* @param withdrawPaused Boolean for pausing withdraw actions
* @param absorbPaused Boolean for pausing absorb actions
* @param buyPaused Boolean for pausing buy actions
*/
function pause(
bool supplyPaused,
bool transferPaused,
bool withdrawPaused,
bool absorbPaused,
bool buyPaused
) external override {
if (msg.sender != governor && msg.sender != pauseGuardian)
revert Unauthorized();
pauseFlags =
uint8(0) |
(toUInt8(supplyPaused) << PAUSE_SUPPLY_OFFSET) |
(toUInt8(transferPaused) << PAUSE_TRANSFER_OFFSET) |
(toUInt8(withdrawPaused) << PAUSE_WITHDRAW_OFFSET) |
(toUInt8(absorbPaused) << PAUSE_ABSORB_OFFSET) |
(toUInt8(buyPaused) << PAUSE_BUY_OFFSET);
emit PauseAction(
supplyPaused,
transferPaused,
withdrawPaused,
absorbPaused,
buyPaused
);
}
/**
* @return Whether or not supply actions are paused
*/
function isSupplyPaused() public view override returns (bool) {
return toBool(pauseFlags & (uint8(1) << PAUSE_SUPPLY_OFFSET));
}
/**
* @return Whether or not transfer actions are paused
*/
function isTransferPaused() public view override returns (bool) {
return toBool(pauseFlags & (uint8(1) << PAUSE_TRANSFER_OFFSET));
}
/**
* @return Whether or not withdraw actions are paused
*/
function isWithdrawPaused() public view override returns (bool) {
return toBool(pauseFlags & (uint8(1) << PAUSE_WITHDRAW_OFFSET));
}
/**
* @return Whether or not absorb actions are paused
*/
function isAbsorbPaused() public view override returns (bool) {
return toBool(pauseFlags & (uint8(1) << PAUSE_ABSORB_OFFSET));
}
/**
* @return Whether or not buy actions are paused
*/
function isBuyPaused() public view override returns (bool) {
return toBool(pauseFlags & (uint8(1) << PAUSE_BUY_OFFSET));
}
/**
* @dev Multiply a number by a factor
*/
function mulFactor(uint n, uint factor) internal pure returns (uint) {
return (n * factor) / FACTOR_SCALE;
}
/**
* @dev Divide a number by an amount of base
*/
function divBaseWei(uint n, uint baseWei) internal view returns (uint) {
return (n * baseScale) / baseWei;
}
/**
* @dev Multiply a `fromScale` quantity by a price, returning a common price quantity
*/
function mulPrice(
uint n,
uint price,
uint64 fromScale
) internal pure returns (uint) {
return (n * price) / fromScale;
}
/**
* @dev Multiply a signed `fromScale` quantity by a price, returning a common price quantity
*/
function signedMulPrice(
int n,
uint price,
uint64 fromScale
) internal pure returns (int) {
return (n * signed256(price)) / int256(uint256(fromScale));
}
/**
* @dev Divide a common price quantity by a price, returning a `toScale` quantity
*/
function divPrice(
uint n,
uint price,
uint64 toScale
) internal pure returns (uint) {
return (n * toScale) / price;
}
/**
* @dev Whether user has a non-zero balance of an asset, given assetsIn flags
*/
function isInAsset(
uint16 assetsIn,
uint8 assetOffset
) internal pure returns (bool) {
return (assetsIn & (uint16(1) << assetOffset) != 0);
}
/**
* @dev Update assetsIn bit vector if user has entered or exited an asset
*/
function updateAssetsIn(
address account,
AssetInfo memory assetInfo,
uint128 initialUserBalance,
uint128 finalUserBalance
) internal {
if (initialUserBalance == 0 && finalUserBalance != 0) {
// set bit for asset
userBasic[account].assetsIn |= (uint16(1) << assetInfo.offset);
} else if (initialUserBalance != 0 && finalUserBalance == 0) {
// clear bit for asset
userBasic[account].assetsIn &= ~(uint16(1) << assetInfo.offset);
}
}
/**
* @dev Write updated principal to store and tracking participation
*/
function updateBasePrincipal(
address account,
UserBasic memory basic,
int104 principalNew
) internal {
int104 principal = basic.principal;
basic.principal = principalNew;
if (principal >= 0) {
uint indexDelta = uint256(
trackingSupplyIndex - basic.baseTrackingIndex
);
basic.baseTrackingAccrued += safe64(
(uint104(principal) * indexDelta) /
trackingIndexScale /
accrualDescaleFactor
);
} else {
uint indexDelta = uint256(
trackingBorrowIndex - basic.baseTrackingIndex
);
basic.baseTrackingAccrued += safe64(
(uint104(-principal) * indexDelta) /
trackingIndexScale /
accrualDescaleFactor
);
}
if (principalNew >= 0) {
basic.baseTrackingIndex = trackingSupplyIndex;
} else {
basic.baseTrackingIndex = trackingBorrowIndex;
}
userBasic[account] = basic;
}
/**
* @dev Safe ERC20 transfer in, assumes no fee is charged and amount is transferred
*/
function doTransferIn(address asset, address from, uint amount) internal {
bool success = ERC20(asset).transferFrom(from, address(this), amount);
if (!success) revert TransferInFailed();
}
/**
* @dev Safe ERC20 transfer out
*/
function doTransferOut(address asset, address to, uint amount) internal {
bool success = ERC20(asset).transfer(to, amount);
if (!success) revert TransferOutFailed();
}
/**
* @notice Supply an amount of asset to the protocol
* @param asset The asset to supply
* @param amount The quantity to supply
*/
function supply(address asset, uint amount) external override {
return
supplyInternal(msg.sender, msg.sender, msg.sender, asset, amount);
}
/**
* @notice Supply an amount of asset to dst
* @param dst The address which will hold the balance
* @param asset The asset to supply
* @param amount The quantity to supply
*/
function supplyTo(
address dst,
address asset,
uint amount
) external override {
return supplyInternal(msg.sender, msg.sender, dst, asset, amount);
}
/**
* @notice Supply an amount of asset from `from` to dst, if allowed
* @param from The supplier address
* @param dst The address which will hold the balance
* @param asset The asset to supply
* @param amount The quantity to supply
*/
function supplyFrom(
address from,
address dst,
address asset,
uint amount
) external override {
return supplyInternal(msg.sender, from, dst, asset, amount);
}
/**
* @dev Supply either collateral or base asset, depending on the asset, if operator is allowed
* @dev Note: Specifying an `amount` of uint256.max will repay all of `dst`'s accrued base borrow balance
*/
function supplyInternal(
address operator,
address from,
address dst,
address asset,
uint amount
) internal {
if (isSupplyPaused()) revert Paused();
if (!hasPermission(from, operator)) revert Unauthorized();
if (asset == baseToken) {
if (amount == type(uint256).max) {
amount = borrowBalanceOf(dst);
}
return supplyBase(from, dst, amount);
} else {
return supplyCollateral(from, dst, asset, safe128(amount));
}
}
/**
* @dev Supply an amount of base asset from `from` to dst
*/
function supplyBase(address from, address dst, uint256 amount) internal {
doTransferIn(baseToken, from, amount);
accrueInternal();
UserBasic memory dstUser = userBasic[dst];
int104 dstPrincipal = dstUser.principal;
int256 dstBalance = presentValue(dstPrincipal) + signed256(amount);
int104 dstPrincipalNew = principalValue(dstBalance);
(uint104 repayAmount, uint104 supplyAmount) = repayAndSupplyAmount(
dstPrincipal,
dstPrincipalNew
);
totalSupplyBase += supplyAmount;
totalBorrowBase -= repayAmount;
updateBasePrincipal(dst, dstUser, dstPrincipalNew);
emit Supply(from, dst, amount);
if (supplyAmount > 0) {
emit Transfer(
address(0),
dst,
presentValueSupply(baseSupplyIndex, supplyAmount)
);
}
}
/**
* @dev Supply an amount of collateral asset from `from` to dst
*/
function supplyCollateral(
address from,
address dst,
address asset,
uint128 amount
) internal {
doTransferIn(asset, from, amount);
AssetInfo memory assetInfo = getAssetInfoByAddress(asset);
TotalsCollateral memory totals = totalsCollateral[asset];
totals.totalSupplyAsset += amount;
if (totals.totalSupplyAsset > assetInfo.supplyCap)
revert SupplyCapExceeded();
uint128 dstCollateral = userCollateral[dst][asset].balance;
uint128 dstCollateralNew = dstCollateral + amount;
totalsCollateral[asset] = totals;
userCollateral[dst][asset].balance = dstCollateralNew;
updateAssetsIn(dst, assetInfo, dstCollateral, dstCollateralNew);
emit SupplyCollateral(from, dst, asset, amount);
}
/**
* @notice ERC20 transfer an amount of base token to dst
* @param dst The recipient address
* @param amount The quantity to transfer
* @return true
*/
function transfer(
address dst,
uint amount
) external override returns (bool) {
transferInternal(msg.sender, msg.sender, dst, baseToken, amount);
return true;
}
/**
* @notice ERC20 transfer an amount of base token from src to dst, if allowed
* @param src The sender address
* @param dst The recipient address
* @param amount The quantity to transfer
* @return true
*/
function transferFrom(
address src,
address dst,
uint amount
) external override returns (bool) {
transferInternal(msg.sender, src, dst, baseToken, amount);
return true;
}
/**
* @notice Transfer an amount of asset to dst
* @param dst The recipient address
* @param asset The asset to transfer
* @param amount The quantity to transfer
*/
function transferAsset(
address dst,
address asset,
uint amount
) external override {
return transferInternal(msg.sender, msg.sender, dst, asset, amount);
}
/**
* @notice Transfer an amount of asset from src to dst, if allowed
* @param src The sender address
* @param dst The recipient address
* @param asset The asset to transfer
* @param amount The quantity to transfer
*/
function transferAssetFrom(
address src,
address dst,
address asset,
uint amount
) external override {
return transferInternal(msg.sender, src, dst, asset, amount);
}
/**
* @dev Transfer either collateral or base asset, depending on the asset, if operator is allowed
* @dev Note: Specifying an `amount` of uint256.max will transfer all of `src`'s accrued base balance
*/
function transferInternal(
address operator,
address src,
address dst,
address asset,
uint amount
) internal {
if (isTransferPaused()) revert Paused();
if (!hasPermission(src, operator)) revert Unauthorized();
if (src == dst) revert NoSelfTransfer();
if (asset == baseToken) {
if (amount == type(uint256).max) {
amount = balanceOf(src);
}
return transferBase(src, dst, amount);
} else {
return transferCollateral(src, dst, asset, safe128(amount));
}
}
/**
* @dev Transfer an amount of base asset from src to dst, borrowing if possible/necessary
*/
function transferBase(address src, address dst, uint256 amount) internal {
accrueInternal();
UserBasic memory srcUser = userBasic[src];
UserBasic memory dstUser = userBasic[dst];
int104 srcPrincipal = srcUser.principal;
int104 dstPrincipal = dstUser.principal;
int256 srcBalance = presentValue(srcPrincipal) - signed256(amount);
int256 dstBalance = presentValue(dstPrincipal) + signed256(amount);
int104 srcPrincipalNew = principalValue(srcBalance);
int104 dstPrincipalNew = principalValue(dstBalance);
(
uint104 withdrawAmount,
uint104 borrowAmount
) = withdrawAndBorrowAmount(srcPrincipal, srcPrincipalNew);
(uint104 repayAmount, uint104 supplyAmount) = repayAndSupplyAmount(
dstPrincipal,
dstPrincipalNew
);
// Note: Instead of `total += addAmount - subAmount` to avoid underflow errors.
totalSupplyBase = totalSupplyBase + supplyAmount - withdrawAmount;
totalBorrowBase = totalBorrowBase + borrowAmount - repayAmount;
updateBasePrincipal(src, srcUser, srcPrincipalNew);
updateBasePrincipal(dst, dstUser, dstPrincipalNew);
if (srcBalance < 0) {
if (uint256(-srcBalance) < baseBorrowMin) revert BorrowTooSmall();
if (!isBorrowCollateralized(src)) revert NotCollateralized();
}
if (withdrawAmount > 0) {
emit Transfer(
src,
address(0),
presentValueSupply(baseSupplyIndex, withdrawAmount)
);
}
if (supplyAmount > 0) {
emit Transfer(
address(0),
dst,
presentValueSupply(baseSupplyIndex, supplyAmount)
);
}
}
/**
* @dev Transfer an amount of collateral asset from src to dst
*/
function transferCollateral(
address src,
address dst,
address asset,
uint128 amount
) internal {
uint128 srcCollateral = userCollateral[src][asset].balance;
uint128 dstCollateral = userCollateral[dst][asset].balance;
uint128 srcCollateralNew = srcCollateral - amount;
uint128 dstCollateralNew = dstCollateral + amount;
userCollateral[src][asset].balance = srcCollateralNew;
userCollateral[dst][asset].balance = dstCollateralNew;
AssetInfo memory assetInfo = getAssetInfoByAddress(asset);
updateAssetsIn(src, assetInfo, srcCollateral, srcCollateralNew);
updateAssetsIn(dst, assetInfo, dstCollateral, dstCollateralNew);
// Note: no accrue interest, BorrowCF < LiquidationCF covers small changes
if (!isBorrowCollateralized(src)) revert NotCollateralized();
emit TransferCollateral(src, dst, asset, amount);
}
/**
* @notice Withdraw an amount of asset from the protocol
* @param asset The asset to withdraw
* @param amount The quantity to withdraw
*/
function withdraw(address asset, uint amount) external override {
return
withdrawInternal(msg.sender, msg.sender, msg.sender, asset, amount);
}
/**
* @notice Withdraw an amount of asset to `to`
* @param to The recipient address
* @param asset The asset to withdraw
* @param amount The quantity to withdraw
*/
function withdrawTo(
address to,
address asset,
uint amount
) external override {
return withdrawInternal(msg.sender, msg.sender, to, asset, amount);
}
/**
* @notice Withdraw an amount of asset from src to `to`, if allowed
* @param src The sender address
* @param to The recipient address
* @param asset The asset to withdraw
* @param amount The quantity to withdraw
*/
function withdrawFrom(
address src,
address to,
address asset,
uint amount
) external override {
return withdrawInternal(msg.sender, src, to, asset, amount);
}
/**
* @dev Withdraw either collateral or base asset, depending on the asset, if operator is allowed
* @dev Note: Specifying an `amount` of uint256.max will withdraw all of `src`'s accrued base balance
*/
function withdrawInternal(
address operator,
address src,
address to,
address asset,
uint amount
) internal {
if (isWithdrawPaused()) revert Paused();
if (!hasPermission(src, operator)) revert Unauthorized();
if (asset == baseToken) {
if (amount == type(uint256).max) {
amount = balanceOf(src);
}
return withdrawBase(src, to, amount);
} else {
return withdrawCollateral(src, to, asset, safe128(amount));
}
}
/**
* @dev Withdraw an amount of base asset from src to `to`, borrowing if possible/necessary
*/
function withdrawBase(address src, address to, uint256 amount) internal {
accrueInternal();
UserBasic memory srcUser = userBasic[src];
int104 srcPrincipal = srcUser.principal;
int256 srcBalance = presentValue(srcPrincipal) - signed256(amount);
int104 srcPrincipalNew = principalValue(srcBalance);
(
uint104 withdrawAmount,
uint104 borrowAmount
) = withdrawAndBorrowAmount(srcPrincipal, srcPrincipalNew);
totalSupplyBase -= withdrawAmount;
totalBorrowBase += borrowAmount;
updateBasePrincipal(src, srcUser, srcPrincipalNew);
if (srcBalance < 0) {
if (uint256(-srcBalance) < baseBorrowMin) revert BorrowTooSmall();
if (!isBorrowCollateralized(src)) revert NotCollateralized();
}
doTransferOut(baseToken, to, amount);
emit Withdraw(src, to, amount);
if (withdrawAmount > 0) {
emit Transfer(
src,
address(0),
presentValueSupply(baseSupplyIndex, withdrawAmount)
);
}
}
/**
* @dev Withdraw an amount of collateral asset from src to `to`
*/
function withdrawCollateral(
address src,
address to,
address asset,
uint128 amount
) internal {
uint128 srcCollateral = userCollateral[src][asset].balance;
uint128 srcCollateralNew = srcCollateral - amount;
totalsCollateral[asset].totalSupplyAsset -= amount;
userCollateral[src][asset].balance = srcCollateralNew;
AssetInfo memory assetInfo = getAssetInfoByAddress(asset);
updateAssetsIn(src, assetInfo, srcCollateral, srcCollateralNew);
// Note: no accrue interest, BorrowCF < LiquidationCF covers small changes
if (!isBorrowCollateralized(src)) revert NotCollateralized();
doTransferOut(asset, to, amount);
emit WithdrawCollateral(src, to, asset, amount);
}
/**
* @notice Absorb a list of underwater accounts onto the protocol balance sheet
* @param absorber The recipient of the incentive paid to the caller of absorb
* @param accounts The list of underwater accounts to absorb
*/
function absorb(
address absorber,
address[] calldata accounts
) external override {
if (isAbsorbPaused()) revert Paused();
uint startGas = gasleft();
accrueInternal();
for (uint i = 0; i < accounts.length; ) {
absorbInternal(absorber, accounts[i]);
unchecked {
i++;
}
}
uint gasUsed = startGas - gasleft();
// Note: liquidator points are an imperfect tool for governance,
// to be used while evaluating strategies for incentivizing absorption.
// Using gas price instead of base fee would more accurately reflect spend,
// but is also subject to abuse if refunds were to be given automatically.
LiquidatorPoints memory points = liquidatorPoints[absorber];
points.numAbsorbs++;
points.numAbsorbed += safe64(accounts.length);
points.approxSpend += safe128(gasUsed * block.basefee);
liquidatorPoints[absorber] = points;
}
/**
* @dev Transfer user's collateral and debt to the protocol itself.
*/
function absorbInternal(address absorber, address account) internal {
if (!isLiquidatable(account)) revert NotLiquidatable();
UserBasic memory accountUser = userBasic[account];
int104 oldPrincipal = accountUser.principal;
int256 oldBalance = presentValue(oldPrincipal);
uint16 assetsIn = accountUser.assetsIn;
uint256 basePrice = getPrice(baseTokenPriceFeed);
uint256 deltaValue = 0;
for (uint8 i = 0; i < numAssets; ) {
if (isInAsset(assetsIn, i)) {
AssetInfo memory assetInfo = getAssetInfo(i);
address asset = assetInfo.asset;
uint128 seizeAmount = userCollateral[account][asset].balance;
userCollateral[account][asset].balance = 0;
totalsCollateral[asset].totalSupplyAsset -= seizeAmount;
uint256 value = mulPrice(
seizeAmount,
getPrice(assetInfo.priceFeed),
assetInfo.scale
);
deltaValue += mulFactor(value, assetInfo.liquidationFactor);
emit AbsorbCollateral(
absorber,
account,
asset,
seizeAmount,
value
);
}
unchecked {
i++;
}
}
uint256 deltaBalance = divPrice(
deltaValue,
basePrice,
uint64(baseScale)
);
int256 newBalance = oldBalance + signed256(deltaBalance);
// New balance will not be negative, all excess debt absorbed by reserves
if (newBalance < 0) {
newBalance = 0;
}
int104 newPrincipal = principalValue(newBalance);
updateBasePrincipal(account, accountUser, newPrincipal);
// reset assetsIn
userBasic[account].assetsIn = 0;
(uint104 repayAmount, uint104 supplyAmount) = repayAndSupplyAmount(
oldPrincipal,
newPrincipal
);
// Reserves are decreased by increasing total supply and decreasing borrows
// the amount of debt repaid by reserves is `newBalance - oldBalance`
totalSupplyBase += supplyAmount;
totalBorrowBase -= repayAmount;
uint256 basePaidOut = unsigned256(newBalance - oldBalance);
uint256 valueOfBasePaidOut = mulPrice(
basePaidOut,
basePrice,
uint64(baseScale)
);
emit AbsorbDebt(absorber, account, basePaidOut, valueOfBasePaidOut);
if (newPrincipal > 0) {
emit Transfer(
address(0),
account,
presentValueSupply(baseSupplyIndex, unsigned104(newPrincipal))
);
}
}
/**
* @notice Buy collateral from the protocol using base tokens, increasing protocol reserves
A minimum collateral amount should be specified to indicate the maximum slippage acceptable for the buyer.
* @param asset The asset to buy
* @param minAmount The minimum amount of collateral tokens that should be received by the buyer
* @param baseAmount The amount of base tokens used to buy the collateral
* @param recipient The recipient address
*/
function buyCollateral(
address asset,
uint minAmount,
uint baseAmount,
address recipient
) external override {
if (isBuyPaused()) revert Paused();
int reserves = getReserves();
if (reserves >= 0 && uint(reserves) >= targetReserves)
revert NotForSale();
// Note: Re-entrancy can skip the reserves check above on a second buyCollateral call.
doTransferIn(baseToken, msg.sender, baseAmount);
uint collateralAmount = quoteCollateral(asset, baseAmount);
if (collateralAmount < minAmount) revert TooMuchSlippage();
if (collateralAmount > getCollateralReserves(asset))
revert InsufficientReserves();
// Note: Pre-transfer hook can re-enter buyCollateral with a stale collateral ERC20 balance.
// Assets should not be listed which allow re-entry from pre-transfer now, as too much collateral could be bought.
// This is also a problem if quoteCollateral derives its discount from the collateral ERC20 balance.
doTransferOut(asset, recipient, safe128(collateralAmount));
emit BuyCollateral(msg.sender, asset, baseAmount, collateralAmount);
}
/**
* @notice Gets the quote for a collateral asset in exchange for an amount of base asset
* @param asset The collateral asset to get the quote for
* @param baseAmount The amount of the base asset to get the quote for
* @return The quote in terms of the collateral asset
*/
function quoteCollateral(
address asset,
uint baseAmount
) public view override returns (uint) {
AssetInfo memory assetInfo = getAssetInfoByAddress(asset);
uint256 assetPrice = getPrice(assetInfo.priceFeed);
// Store front discount is derived from the collateral asset's liquidationFactor and storeFrontPriceFactor
// discount = storeFrontPriceFactor * (1e18 - liquidationFactor)
uint256 discountFactor = mulFactor(
storeFrontPriceFactor,
FACTOR_SCALE - assetInfo.liquidationFactor
);
uint256 assetPriceDiscounted = mulFactor(
assetPrice,
FACTOR_SCALE - discountFactor
);
uint256 basePrice = getPrice(baseTokenPriceFeed);
// # of collateral assets
// = (TotalValueOfBaseAmount / DiscountedPriceOfCollateralAsset) * assetScale
// = ((basePrice * baseAmount / baseScale) / assetPriceDisc
Submitted on: 2025-10-28 10:54:18
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