CBBTCConverterImmutable

Description:

ERC20 token contract with Factory capabilities. Standard implementation for fungible tokens on Ethereum.

Blockchain: Ethereum

Source Code: View Code On The Blockchain

Solidity Source Code:

{{
  "language": "Solidity",
  "sources": {
    "src/converters/cbBTCConverterImmutable.sol": {
      "content": "// SPDX-License-Identifier: MIT
pragma solidity 0.8.27;

import "@openzeppelin/contracts/token/ERC20/IERC20.sol";

import "../IStrBTC.sol";

/**
 * @title CBBTCConverterImmutable
 * @notice Contract for conversion between cbBTC and strBTC at immutable rates
 * @dev Allows users to exchange cbBTC for strBTC and vice versa with separate rates
 */
contract CBBTCConverterImmutable {
    error AmountMustBeGreaterThanZero();
    error ConversionResultedInZeroTokens();
    error InsufficientCBBTCBalance();
    error MintingLimitExceeded();
    error NotWithdrawer();

    IStrBTC public immutable strbtc;
    IERC20 public immutable cbbtc;
    address public immutable withdrawer;
    uint256 public immutable mintingLimit;

    uint256 public immutable rateNumerator;
    uint256 public immutable rateDenominator;

    uint256 public totalMinted;
    uint256 public totalBurned;

    event CBBTCConverted(address indexed user, uint256 cbbtcAmount, uint256 strbtcAmount);
    event StrBTCConverted(address indexed user, uint256 strbtcAmount, uint256 cbbtcAmount);

    modifier onlyWithdrawer() {
        if (msg.sender != withdrawer) revert NotWithdrawer();
        _;
    }

    /**
     * @notice constructor of the CBBTCConverterImmutable contract
     * @param _cbbtc cbBTC Token Address
     * @param _strbtc strBTC Token Address
     * @param _withdrawer Address authorized to withdraw fees
     */
    constructor(address _cbbtc, address _strbtc, address _withdrawer) {
        cbbtc = IERC20(_cbbtc);
        strbtc = IStrBTC(_strbtc);

        withdrawer = _withdrawer;

        rateNumerator = 999;
        rateDenominator = 1000;

        mintingLimit = 500 * 10 ** 8; // 500 cbBTC

        totalMinted = 0;
        totalBurned = 0;
    }

    /**
     * @notice Returns the current amount of minted strBTC through this contract
     * @return The net amount currently minted (totalMinted - totalBurned)
     */
    function currentlyMinted() public view returns (uint256) {
        return totalMinted - totalBurned;
    }

    /**
     * @notice Converts cbBTC to strBTC at the incoming rate
     * @param cbbtcAmount The amount of cbBTC to convert
     * @return The amount of strBTC received
     */
    function convertCBBTCToStrBTC(uint256 cbbtcAmount) external returns (uint256) {
        if (cbbtcAmount == 0) revert AmountMustBeGreaterThanZero();

        uint256 strbtcAmount = (cbbtcAmount * rateNumerator) / rateDenominator;
        if (strbtcAmount == 0) revert ConversionResultedInZeroTokens();
        if (currentlyMinted() + strbtcAmount > mintingLimit) revert MintingLimitExceeded();

        totalMinted += strbtcAmount;

        cbbtc.transferFrom(msg.sender, address(this), cbbtcAmount);
        strbtc.converterMint(msg.sender, strbtcAmount);

        emit CBBTCConverted(msg.sender, cbbtcAmount, strbtcAmount);

        return strbtcAmount;
    }

    /**
     * @notice Converts strBTC back to cbBTC at the outgoing rate
     * @param strbtcAmount The amount of strBTC to convert
     * @return The amount of cbBTC received
     */
    function convertStrBTCToCBBTC(uint256 strbtcAmount) external returns (uint256) {
        if (strbtcAmount == 0) revert AmountMustBeGreaterThanZero();

        uint256 cbbtcAmount = (strbtcAmount * rateNumerator) / rateDenominator;
        if (cbbtcAmount == 0) revert ConversionResultedInZeroTokens();
        if (cbbtc.balanceOf(address(this)) < cbbtcAmount) revert InsufficientCBBTCBalance();

        totalBurned += strbtcAmount;

        strbtc.transferFrom(msg.sender, address(this), strbtcAmount);
        strbtc.converterBurn(address(this), strbtcAmount);
        cbbtc.transfer(msg.sender, cbbtcAmount);

        emit StrBTCConverted(msg.sender, strbtcAmount, cbbtcAmount);

        return cbbtcAmount;
    }

    /**
     * @notice Withdrawal collected fees from the contract
     * @param token The address of the token to withdraw
     * @param recipient The address of the recipient
     * @param amount The amount of tokens
     */
    function withdraw(address token, address recipient, uint256 amount) external onlyWithdrawer {
        IERC20(token).transfer(recipient, amount);
    }
}
"
    },
    "lib/openzeppelin-contracts-upgradeable/lib/openzeppelin-contracts/contracts/token/ERC20/IERC20.sol": {
      "content": "// SPDX-License-Identifier: MIT
// OpenZeppelin Contracts (last updated v5.1.0) (token/ERC20/IERC20.sol)

pragma solidity ^0.8.20;

/**
 * @dev Interface of the ERC-20 standard as defined in the ERC.
 */
interface IERC20 {
    /**
     * @dev Emitted when `value` tokens are moved from one account (`from`) to
     * another (`to`).
     *
     * Note that `value` may be zero.
     */
    event Transfer(address indexed from, address indexed to, uint256 value);

    /**
     * @dev Emitted when the allowance of a `spender` for an `owner` is set by
     * a call to {approve}. `value` is the new allowance.
     */
    event Approval(address indexed owner, address indexed spender, uint256 value);

    /**
     * @dev Returns the value of tokens in existence.
     */
    function totalSupply() external view returns (uint256);

    /**
     * @dev Returns the value of tokens owned by `account`.
     */
    function balanceOf(address account) external view returns (uint256);

    /**
     * @dev Moves a `value` amount of tokens from the caller's account to `to`.
     *
     * Returns a boolean value indicating whether the operation succeeded.
     *
     * Emits a {Transfer} event.
     */
    function transfer(address to, uint256 value) external returns (bool);

    /**
     * @dev Returns the remaining number of tokens that `spender` will be
     * allowed to spend on behalf of `owner` through {transferFrom}. This is
     * zero by default.
     *
     * This value changes when {approve} or {transferFrom} are called.
     */
    function allowance(address owner, address spender) external view returns (uint256);

    /**
     * @dev Sets a `value` amount of tokens as the allowance of `spender` over the
     * caller's tokens.
     *
     * Returns a boolean value indicating whether the operation succeeded.
     *
     * IMPORTANT: Beware that changing an allowance with this method brings the risk
     * that someone may use both the old and the new allowance by unfortunate
     * transaction ordering. One possible solution to mitigate this race
     * condition is to first reduce the spender's allowance to 0 and set the
     * desired value afterwards:
     * https://github.com/ethereum/EIPs/issues/20#issuecomment-263524729
     *
     * Emits an {Approval} event.
     */
    function approve(address spender, uint256 value) external returns (bool);

    /**
     * @dev Moves a `value` amount of tokens from `from` to `to` using the
     * allowance mechanism. `value` is then deducted from the caller's
     * allowance.
     *
     * Returns a boolean value indicating whether the operation succeeded.
     *
     * Emits a {Transfer} event.
     */
    function transferFrom(address from, address to, uint256 value) external returns (bool);
}
"
    },
    "src/IStrBTC.sol": {
      "content": "// SPDX-License-Identifier: MIT
pragma solidity 0.8.27;

interface IStrBTC {
    function totalSupply() external view returns (uint256);
    function totalShares() external view returns (uint256);
    function balanceOf(address account) external view returns (uint256);
    function transferFrom(address sender, address recipient, uint256 amount) external returns (bool);
    function transfer(address recipient, uint256 amount) external returns (bool);
    function getSharesByPooledBTC(uint256 btcAmount) external view returns (uint256);
    function getPooledBTCByShares(uint256 sharesAmount) external view returns (uint256);
    function converterMint(address to, uint256 amount) external;
    function converterBurn(address from, uint256 amount) external;
}
"
    }
  },
  "settings": {
    "remappings": [
      "@openzeppelin/contracts-upgradeable/=lib/openzeppelin-contracts-upgradeable/contracts/",
      "@openzeppelin/contracts/=lib/openzeppelin-contracts-upgradeable/lib/openzeppelin-contracts/contracts/",
      "bip340-solidity/=lib/bip340-solidity/",
      "blockchain-tools/=lib/blockchain-tools/",
      "ds-test/=lib/blockchain-tools/forge-std/lib/ds-test/src/",
      "elliptic-curve-solidity/=lib/blockchain-tools/lib/elliptic-curve-solidity/",
      "erc4626-tests/=lib/openzeppelin-contracts-upgradeable/lib/erc4626-tests/",
      "forge-std/=lib/forge-std/src/",
      "foundry-devops/=lib/blockchain-tools/lib/foundry-devops/",
      "halmos-cheatcodes/=lib/openzeppelin-contracts-upgradeable/lib/halmos-cheatcodes/src/",
      "openzeppelin-contracts-upgradeable/=lib/openzeppelin-contracts-upgradeable/",
      "openzeppelin-contracts/=lib/openzeppelin-contracts-upgradeable/lib/openzeppelin-contracts/",
      "safe-contracts/=lib/safe-contracts/",
      "@safe-global/safe-contracts/=lib/safe-contracts/"
    ],
    "optimizer": {
      "enabled": true,
      "runs": 200
    },
    "metadata": {
      "useLiteralContent": false,
      "bytecodeHash": "ipfs",
      "appendCBOR": true
    },
    "outputSelection": {
      "*": {
        "*": [
          "evm.bytecode",
          "evm.deployedBytecode",
          "devdoc",
          "userdoc",
          "metadata",
          "abi"
        ]
      }
    },
    "evmVersion": "prague",
    "viaIR": false
  }
}}

Tags:
ERC20, Token, Factory|addr:0xe7b4c44adb17147ad877eb8607eeb1e95adf2cd0|verified:true|block:23383614|tx:0x0d839263609ee9600a9af1222e433cf0cb6378d999b640c21a2774a20d7694a4|first_check:1758122178

Submitted on: 2025-09-17 17:16:19

Comments

Log in to comment.

No comments yet.