// SPDX-License-Identifier: AGPL-3.0-or-later pragma solidity 0.7.5; interface IOwnable { function policy() external view returns (address); function renounceManagement() external; function pushManagement( address newOwner_ ) external; function pullManagement() external; } contract Ownable is IOwnable { address internal _owner; address internal _newOwner; event OwnershipPushed(address indexed previousOwner, address indexed newOwner); event OwnershipPulled(address indexed previousOwner, address indexed newOwner); constructor () { _owner = msg.sender; emit OwnershipPushed( address(0), _owner ); } function policy() public view override returns (address) { return _owner; } modifier onlyPolicy() { require( _owner == msg.sender, "Ownable: caller is not the owner" ); _; } function renounceManagement() public virtual override onlyPolicy() { emit OwnershipPushed( _owner, address(0) ); _owner = address(0); } function pushManagement( address newOwner_ ) public virtual override onlyPolicy() { require( newOwner_ != address(0), "Ownable: new owner is the zero address"); emit OwnershipPushed( _owner, newOwner_ ); _newOwner = newOwner_; } function pullManagement() public virtual override { require( msg.sender == _newOwner, "Ownable: must be new owner to pull"); emit OwnershipPulled( _owner, _newOwner ); _owner = _newOwner; } } library SafeMath { function add(uint256 a, uint256 b) internal pure returns (uint256) { uint256 c = a + b; require(c >= a, "SafeMath: addition overflow"); return c; } function sub(uint256 a, uint256 b) internal pure returns (uint256) { return sub(a, b, "SafeMath: subtraction overflow"); } function sub(uint256 a, uint256 b, string memory errorMessage) internal pure returns (uint256) { require(b <= a, errorMessage); uint256 c = a - b; return c; } function sub32(uint32 a, uint32 b) internal pure returns (uint32) { return sub32(a, b, "SafeMath: subtraction overflow"); } function sub32(uint32 a, uint32 b, string memory errorMessage) internal pure returns (uint32) { require(b <= a, errorMessage); uint32 c = a - b; return c; } function mul(uint256 a, uint256 b) internal pure returns (uint256) { if (a == 0) { return 0; } uint256 c = a * b; require(c / a == b, "SafeMath: multiplication overflow"); return c; } function div(uint256 a, uint256 b) internal pure returns (uint256) { return div(a, b, "SafeMath: division by zero"); } function div(uint256 a, uint256 b, string memory errorMessage) internal pure returns (uint256) { require(b > 0, errorMessage); uint256 c = a / b; return c; } function mod(uint256 a, uint256 b) internal pure returns (uint256) { return mod(a, b, "SafeMath: modulo by zero"); } function mod(uint256 a, uint256 b, string memory errorMessage) internal pure returns (uint256) { require(b != 0, errorMessage); return a % b; } function sqrrt(uint256 a) internal pure returns (uint c) { if (a > 3) { c = a; uint b = add( div( a, 2), 1 ); while (b < c) { c = b; b = div( add( div( a, b ), b), 2 ); } } else if (a != 0) { c = 1; } } } library Address { function isContract(address account) internal view returns (bool) { uint256 size; // solhint-disable-next-line no-inline-assembly assembly { size := extcodesize(account) } return size > 0; } function sendValue(address payable recipient, uint256 amount) internal { require(address(this).balance >= amount, "Address: insufficient balance"); // solhint-disable-next-line avoid-low-level-calls, avoid-call-value (bool success, ) = recipient.call{ value: amount }(""); require(success, "Address: unable to send value, recipient may have reverted"); } function functionCall(address target, bytes memory data) internal returns (bytes memory) { return functionCall(target, data, "Address: low-level call failed"); } function functionCall( address target, bytes memory data, string memory errorMessage ) internal returns (bytes memory) { return _functionCallWithValue(target, data, 0, errorMessage); } function functionCallWithValue(address target, bytes memory data, uint256 value) internal returns (bytes memory) { return functionCallWithValue(target, data, value, "Address: low-level call with value failed"); } function functionCallWithValue( address target, bytes memory data, uint256 value, string memory errorMessage ) internal returns (bytes memory) { require(address(this).balance >= value, "Address: insufficient balance for call"); require(isContract(target), "Address: call to non-contract"); // solhint-disable-next-line avoid-low-level-calls (bool success, bytes memory returndata) = target.call{ value: value }(data); return _verifyCallResult(success, returndata, errorMessage); } function _functionCallWithValue( address target, bytes memory data, uint256 weiValue, string memory errorMessage ) private returns (bytes memory) { require(isContract(target), "Address: call to non-contract"); // solhint-disable-next-line avoid-low-level-calls (bool success, bytes memory returndata) = target.call{ value: weiValue }(data); if (success) { return returndata; } else { // Look for revert reason and bubble it up if present if (returndata.length > 0) { // The easiest way to bubble the revert reason is using memory via assembly // solhint-disable-next-line no-inline-assembly assembly { let returndata_size := mload(returndata) revert(add(32, returndata), returndata_size) } } else { revert(errorMessage); } } } function functionStaticCall(address target, bytes memory data) internal view returns (bytes memory) { return functionStaticCall(target, data, "Address: low-level static call failed"); } function functionStaticCall( address target, bytes memory data, string memory errorMessage ) internal view returns (bytes memory) { require(isContract(target), "Address: static call to non-contract"); // solhint-disable-next-line avoid-low-level-calls (bool success, bytes memory returndata) = target.staticcall(data); return _verifyCallResult(success, returndata, errorMessage); } function functionDelegateCall(address target, bytes memory data) internal returns (bytes memory) { return functionDelegateCall(target, data, "Address: low-level delegate call failed"); } function functionDelegateCall( address target, bytes memory data, string memory errorMessage ) internal returns (bytes memory) { require(isContract(target), "Address: delegate call to non-contract"); // solhint-disable-next-line avoid-low-level-calls (bool success, bytes memory returndata) = target.delegatecall(data); return _verifyCallResult(success, returndata, errorMessage); } function _verifyCallResult( bool success, bytes memory returndata, string memory errorMessage ) private pure returns(bytes memory) { if (success) { return returndata; } else { if (returndata.length > 0) { assembly { let returndata_size := mload(returndata) revert(add(32, returndata), returndata_size) } } else { revert(errorMessage); } } } function addressToString(address _address) internal pure returns(string memory) { bytes32 _bytes = bytes32(uint256(_address)); bytes memory HEX = "0123456789abcdef"; bytes memory _addr = new bytes(42); _addr[0] = '0'; _addr[1] = 'x'; for(uint256 i = 0; i < 20; i++) { _addr[2+i*2] = HEX[uint8(_bytes[i + 12] >> 4)]; _addr[3+i*2] = HEX[uint8(_bytes[i + 12] & 0x0f)]; } return string(_addr); } } interface IERC20 { function decimals() external view returns (uint8); function totalSupply() external view returns (uint256); function balanceOf(address account) external view returns (uint256); function transfer(address recipient, uint256 amount) external returns (bool); function allowance(address owner, address spender) external view returns (uint256); function approve(address spender, uint256 amount) external returns (bool); function transferFrom(address sender, address recipient, uint256 amount) external returns (bool); event Transfer(address indexed from, address indexed to, uint256 value); event Approval(address indexed owner, address indexed spender, uint256 value); } abstract contract ERC20 is IERC20 { using SafeMath for uint256; // TODO comment actual hash value. bytes32 constant private ERC20TOKEN_ERC1820_INTERFACE_ID = keccak256( "ERC20Token" ); mapping (address => uint256) internal _balances; mapping (address => mapping (address => uint256)) internal _allowances; uint256 internal _totalSupply; string internal _name; string internal _symbol; uint8 internal _decimals; constructor (string memory name_, string memory symbol_, uint8 decimals_) { _name = name_; _symbol = symbol_; _decimals = decimals_; } function name() public view returns (string memory) { return _name; } function symbol() public view returns (string memory) { return _symbol; } function decimals() public view override returns (uint8) { return _decimals; } function totalSupply() public view override returns (uint256) { return _totalSupply; } function balanceOf(address account) public view virtual override returns (uint256) { return _balances[account]; } function transfer(address recipient, uint256 amount) public virtual override returns (bool) { _transfer(msg.sender, recipient, amount); return true; } function allowance(address owner, address spender) public view virtual override returns (uint256) { return _allowances[owner][spender]; } function approve(address spender, uint256 amount) public virtual override returns (bool) { _approve(msg.sender, spender, amount); return true; } function transferFrom(address sender, address recipient, uint256 amount) public virtual override returns (bool) { _transfer(sender, recipient, amount); _approve(sender, msg.sender, _allowances[sender][msg.sender] .sub(amount, "ERC20: transfer amount exceeds allowance")); return true; } function increaseAllowance(address spender, uint256 addedValue) public virtual returns (bool) { _approve(msg.sender, spender, _allowances[msg.sender][spender].add(addedValue)); return true; } function decreaseAllowance(address spender, uint256 subtractedValue) public virtual returns (bool) { _approve(msg.sender, spender, _allowances[msg.sender][spender] .sub(subtractedValue, "ERC20: decreased allowance below zero")); return true; } function _transfer(address sender, address recipient, uint256 amount) internal virtual { require(sender != address(0), "ERC20: transfer from the zero address"); require(recipient != address(0), "ERC20: transfer to the zero address"); _beforeTokenTransfer(sender, recipient, amount); _balances[sender] = _balances[sender].sub(amount, "ERC20: transfer amount exceeds balance"); _balances[recipient] = _balances[recipient].add(amount); emit Transfer(sender, recipient, amount); } function _mint(address account_, uint256 ammount_) internal virtual { require(account_ != address(0), "ERC20: mint to the zero address"); _beforeTokenTransfer(address( this ), account_, ammount_); _totalSupply = _totalSupply.add(ammount_); _balances[account_] = _balances[account_].add(ammount_); emit Transfer(address( this ), account_, ammount_); } function _burn(address account, uint256 amount) internal virtual { require(account != address(0), "ERC20: burn from the zero address"); _beforeTokenTransfer(account, address(0), amount); _balances[account] = _balances[account].sub(amount, "ERC20: burn amount exceeds balance"); _totalSupply = _totalSupply.sub(amount); emit Transfer(account, address(0), amount); } function _approve(address owner, address spender, uint256 amount) internal virtual { require(owner != address(0), "ERC20: approve from the zero address"); require(spender != address(0), "ERC20: approve to the zero address"); _allowances[owner][spender] = amount; emit Approval(owner, spender, amount); } function _beforeTokenTransfer( address from_, address to_, uint256 amount_ ) internal virtual { } } interface IERC2612Permit { function permit( address owner, address spender, uint256 amount, uint256 deadline, uint8 v, bytes32 r, bytes32 s ) external; function nonces(address owner) external view returns (uint256); } library Counters { using SafeMath for uint256; struct Counter { uint256 _value; // default: 0 } function current(Counter storage counter) internal view returns (uint256) { return counter._value; } function increment(Counter storage counter) internal { counter._value += 1; } function decrement(Counter storage counter) internal { counter._value = counter._value.sub(1); } } abstract contract ERC20Permit is ERC20, IERC2612Permit { using Counters for Counters.Counter; mapping(address => Counters.Counter) private _nonces; // keccak256("Permit(address owner,address spender,uint256 value,uint256 nonce,uint256 deadline)"); bytes32 public constant PERMIT_TYPEHASH = 0x6e71edae12b1b97f4d1f60370fef10105fa2faae0126114a169c64845d6126c9; bytes32 public DOMAIN_SEPARATOR; constructor() { uint256 chainID; assembly { chainID := chainid() } DOMAIN_SEPARATOR = keccak256( abi.encode( keccak256("EIP712Domain(string name,string version,uint256 chainId,address verifyingContract)"), keccak256(bytes(name())), keccak256(bytes("1")), // Version chainID, address(this) ) ); } function permit( address owner, address spender, uint256 amount, uint256 deadline, uint8 v, bytes32 r, bytes32 s ) public virtual override { require(block.timestamp <= deadline, "Permit: expired deadline"); bytes32 hashStruct = keccak256(abi.encode(PERMIT_TYPEHASH, owner, spender, amount, _nonces[owner].current(), deadline)); bytes32 _hash = keccak256(abi.encodePacked(uint16(0x1901), DOMAIN_SEPARATOR, hashStruct)); address signer = ecrecover(_hash, v, r, s); require(signer != address(0) && signer == owner, "ZeroSwapPermit: Invalid signature"); _nonces[owner].increment(); _approve(owner, spender, amount); } function nonces(address owner) public view override returns (uint256) { return _nonces[owner].current(); } } library SafeERC20 { using SafeMath for uint256; using Address for address; function safeTransfer(IERC20 token, address to, uint256 value) internal { _callOptionalReturn(token, abi.encodeWithSelector(token.transfer.selector, to, value)); } function safeTransferFrom(IERC20 token, address from, address to, uint256 value) internal { _callOptionalReturn(token, abi.encodeWithSelector(token.transferFrom.selector, from, to, value)); } function safeApprove(IERC20 token, address spender, uint256 value) internal { require((value == 0) || (token.allowance(address(this), spender) == 0), "SafeERC20: approve from non-zero to non-zero allowance" ); _callOptionalReturn(token, abi.encodeWithSelector(token.approve.selector, spender, value)); } function safeIncreaseAllowance(IERC20 token, address spender, uint256 value) internal { uint256 newAllowance = token.allowance(address(this), spender).add(value); _callOptionalReturn(token, abi.encodeWithSelector(token.approve.selector, spender, newAllowance)); } function safeDecreaseAllowance(IERC20 token, address spender, uint256 value) internal { uint256 newAllowance = token.allowance(address(this), spender) .sub(value, "SafeERC20: decreased allowance below zero"); _callOptionalReturn(token, abi.encodeWithSelector(token.approve.selector, spender, newAllowance)); } function _callOptionalReturn(IERC20 token, bytes memory data) private { bytes memory returndata = address(token).functionCall(data, "SafeERC20: low-level call failed"); if (returndata.length > 0) { // Return data is optional // solhint-disable-next-line max-line-length require(abi.decode(returndata, (bool)), "SafeERC20: ERC20 operation did not succeed"); } } } library FullMath { function fullMul(uint256 x, uint256 y) private pure returns (uint256 l, uint256 h) { uint256 mm = mulmod(x, y, uint256(-1)); l = x * y; h = mm - l; if (mm < l) h -= 1; } function fullDiv( uint256 l, uint256 h, uint256 d ) private pure returns (uint256) { uint256 pow2 = d & -d; d /= pow2; l /= pow2; l += h * ((-pow2) / pow2 + 1); uint256 r = 1; r *= 2 - d * r; r *= 2 - d * r; r *= 2 - d * r; r *= 2 - d * r; r *= 2 - d * r; r *= 2 - d * r; r *= 2 - d * r; r *= 2 - d * r; return l * r; } function mulDiv( uint256 x, uint256 y, uint256 d ) internal pure returns (uint256) { (uint256 l, uint256 h) = fullMul(x, y); uint256 mm = mulmod(x, y, d); if (mm > l) h -= 1; l -= mm; require(h < d, 'FullMath::mulDiv: overflow'); return fullDiv(l, h, d); } } library FixedPoint { struct uq112x112 { uint224 _x; } struct uq144x112 { uint256 _x; } uint8 private constant RESOLUTION = 112; uint256 private constant Q112 = 0x10000000000000000000000000000; uint256 private constant Q224 = 0x100000000000000000000000000000000000000000000000000000000; uint256 private constant LOWER_MASK = 0xffffffffffffffffffffffffffff; // decimal of UQ*x112 (lower 112 bits) function decode(uq112x112 memory self) internal pure returns (uint112) { return uint112(self._x >> RESOLUTION); } function decode112with18(uq112x112 memory self) internal pure returns (uint) { return uint(self._x) / 5192296858534827; } function fraction(uint256 numerator, uint256 denominator) internal pure returns (uq112x112 memory) { require(denominator > 0, 'FixedPoint::fraction: division by zero'); if (numerator == 0) return FixedPoint.uq112x112(0); if (numerator <= uint144(-1)) { uint256 result = (numerator << RESOLUTION) / denominator; require(result <= uint224(-1), 'FixedPoint::fraction: overflow'); return uq112x112(uint224(result)); } else { uint256 result = FullMath.mulDiv(numerator, Q112, denominator); require(result <= uint224(-1), 'FixedPoint::fraction: overflow'); return uq112x112(uint224(result)); } } } interface ITreasury { function deposit( uint _amount, address _token, uint _profit ) external returns ( bool ); function valueOfToken( address _token, uint _amount ) external view returns ( uint value_ ); } interface IBondCalculator { function valuation( address _LP, uint _amount ) external view returns ( uint ); function markdown( address _LP ) external view returns ( uint ); } interface IStaking { function stake( uint _amount, address _recipient ) external returns ( bool ); } interface IStakingHelper { function stake( uint _amount, address _recipient ) external; } contract ImmortalBondDepository is Ownable { using FixedPoint for *; using SafeERC20 for IERC20; using SafeMath for uint; using SafeMath for uint32; /* ======== EVENTS ======== */ event BondCreated( uint deposit, uint indexed payout, uint indexed expires, uint indexed priceInUSD ); event BondRedeemed( address indexed recipient, uint payout, uint remaining ); event BondPriceChanged( uint indexed priceInUSD, uint indexed internalPrice, uint indexed debtRatio ); event ControlVariableAdjustment( uint initialBCV, uint newBCV, uint adjustment, bool addition ); /* ======== STATE VARIABLES ======== */ address public immutable IMMO; // token given as payment for bond address public immutable principle; // token used to create bond address public immutable treasury; // mints OHM when receives principle address public immutable DAO; // receives profit share from bond bool public immutable isLiquidityBond; // LP and Reserve bonds are treated slightly different address public immutable bondCalculator; // calculates value of LP tokens address public staking; // to auto-stake payout address public stakingHelper; // to stake and claim if no staking warmup bool public useHelper; Terms public terms; // stores terms for new bonds Adjust public adjustment; // stores adjustment to BCV data mapping( address => Bond ) public bondInfo; // stores bond information for depositors uint public totalDebt; // total value of outstanding bonds; used for pricing uint32 public lastDecay; // reference time for debt decay /* ======== STRUCTS ======== */ // Info for creating new bonds struct Terms { uint controlVariable; // scaling variable for price uint32 vestingTerm; // in seconds uint minimumPrice; // vs principle value uint maxPayout; // in thousandths of a %. i.e. 500 = 0.5% uint fee; // as % of bond payout, in hundreths. ( 500 = 5% = 0.05 for every 1 paid) uint maxDebt; // 9 decimal debt ratio, max % total supply created as debt } // Info for bond holder struct Bond { uint payout; // OHM remaining to be paid uint32 vesting; // Seconds left to vest uint32 lastTime; // Last interaction uint pricePaid; // In USD, for front end viewing } // Info for incremental adjustments to control variable struct Adjust { bool add; // addition or subtraction uint rate; // increment uint target; // BCV when adjustment finished uint32 buffer; // minimum length (in seconds) between adjustments uint32 lastTime; // time when last adjustment made } /* ======== INITIALIZATION ======== */ constructor ( address _IMMO, address _principle, address _treasury, address _DAO, address _bondCalculator ) { require( _IMMO != address(0) ); IMMO = _IMMO; require( _principle != address(0) ); principle = _principle; require( _treasury != address(0) ); treasury = _treasury; require( _DAO != address(0) ); DAO = _DAO; // bondCalculator should be address(0) if not LP bond bondCalculator = _bondCalculator; isLiquidityBond = ( _bondCalculator != address(0) ); } /** * @notice initializes bond parameters * @param _controlVariable uint * @param _vestingTerm uint32 * @param _minimumPrice uint * @param _maxPayout uint * @param _fee uint * @param _maxDebt uint * @param _initialDebt uint */ function initializeBondTerms( uint _controlVariable, uint _minimumPrice, uint _maxPayout, uint _fee, uint _maxDebt, uint _initialDebt, uint32 _vestingTerm ) external onlyPolicy() { require( terms.controlVariable == 0, "Bonds must be initialized from 0" ); terms = Terms ({ controlVariable: _controlVariable, minimumPrice: _minimumPrice, maxPayout: _maxPayout, fee: _fee, maxDebt: _maxDebt, vestingTerm: _vestingTerm }); totalDebt = _initialDebt; lastDecay = uint32(block.timestamp); } /* ======== POLICY FUNCTIONS ======== */ enum PARAMETER { VESTING, PAYOUT, FEE, DEBT, MINPRICE } /** * @notice set parameters for new bonds * @param _parameter PARAMETER * @param _input uint */ function setBondTerms ( PARAMETER _parameter, uint _input ) external onlyPolicy() { if ( _parameter == PARAMETER.VESTING ) { // 0 require( _input >= 129600, "Vesting must be longer than 36 hours" ); terms.vestingTerm = uint32(_input); } else if ( _parameter == PARAMETER.PAYOUT ) { // 1 require( _input <= 1000, "Payout cannot be above 1 percent" ); terms.maxPayout = _input; } else if ( _parameter == PARAMETER.FEE ) { // 2 require( _input <= 10000, "DAO fee cannot exceed payout" ); terms.fee = _input; } else if ( _parameter == PARAMETER.DEBT ) { // 3 terms.maxDebt = _input; } else if ( _parameter == PARAMETER.MINPRICE ) { // 4 terms.minimumPrice = _input; } } /** * @notice set control variable adjustment * @param _addition bool * @param _increment uint * @param _target uint * @param _buffer uint */ function setAdjustment ( bool _addition, uint _increment, uint _target, uint32 _buffer ) external onlyPolicy() { require( _increment <= terms.controlVariable.mul( 25 ).div( 1000 ), "Increment too large" ); adjustment = Adjust({ add: _addition, rate: _increment, target: _target, buffer: _buffer, lastTime: uint32(block.timestamp) }); } /** * @notice set contract for auto stake * @param _staking address * @param _helper bool */ function setStaking( address _staking, bool _helper ) external onlyPolicy() { require( _staking != address(0) ); if ( _helper ) { useHelper = true; stakingHelper = _staking; } else { useHelper = false; staking = _staking; } } /* ======== USER FUNCTIONS ======== */ /** * @notice deposit bond * @param _amount uint * @param _maxPrice uint * @param _depositor address * @return uint */ function deposit( uint _amount, uint _maxPrice, address _depositor ) external returns ( uint ) { require( _depositor != address(0), "Invalid address" ); decayDebt(); require( totalDebt <= terms.maxDebt, "Max capacity reached" ); uint priceInUSD = bondPriceInUSD(); // Stored in bond info uint nativePrice = _bondPrice(); require( _maxPrice >= nativePrice, "Slippage limit: more than max price" ); // slippage protection uint value = ITreasury( treasury ).valueOfToken( principle, _amount ); uint payout = payoutFor( value ); // payout to bonder is computed require( payout >= 10000000, "Bond too small" ); // must be > 0.01 OHM ( underflow protection ) require( payout <= maxPayout(), "Bond too large"); // size protection because there is no slippage // profits are calculated uint fee = payout.mul( terms.fee ).div( 10000 ); uint profit = value.sub( payout ).sub( fee ); /** principle is transferred in approved and deposited into the treasury, returning (_amount - profit) OHM */ IERC20( principle ).safeTransferFrom( msg.sender, address(this), _amount ); IERC20( principle ).approve( address( treasury ), _amount ); ITreasury( treasury ).deposit( _amount, principle, profit ); if ( fee != 0 ) { // fee is transferred to dao IERC20( IMMO ).safeTransfer( DAO, fee ); } // total debt is increased totalDebt = totalDebt.add( value ); // depositor info is stored bondInfo[ _depositor ] = Bond({ payout: bondInfo[ _depositor ].payout.add( payout ), vesting: terms.vestingTerm, lastTime: uint32(block.timestamp), pricePaid: priceInUSD }); // indexed events are emitted emit BondCreated( _amount, payout, block.timestamp.add( terms.vestingTerm ), priceInUSD ); emit BondPriceChanged( bondPriceInUSD(), _bondPrice(), debtRatio() ); adjust(); // control variable is adjusted return payout; } /** * @notice redeem bond for user * @param _recipient address * @param _stake bool * @return uint */ function redeem( address _recipient, bool _stake ) external returns ( uint ) { Bond memory info = bondInfo[ _recipient ]; // (seconds since last interaction / vesting term remaining) uint percentVested = percentVestedFor( _recipient ); if ( percentVested >= 10000 ) { // if fully vested delete bondInfo[ _recipient ]; // delete user info emit BondRedeemed( _recipient, info.payout, 0 ); // emit bond data return stakeOrSend( _recipient, _stake, info.payout ); // pay user everything due } else { // if unfinished // calculate payout vested uint payout = info.payout.mul( percentVested ).div( 10000 ); // store updated deposit info bondInfo[ _recipient ] = Bond({ payout: info.payout.sub( payout ), vesting: info.vesting.sub32( uint32( block.timestamp ).sub32( info.lastTime ) ), lastTime: uint32(block.timestamp), pricePaid: info.pricePaid }); emit BondRedeemed( _recipient, payout, bondInfo[ _recipient ].payout ); return stakeOrSend( _recipient, _stake, payout ); } } /* ======== INTERNAL HELPER FUNCTIONS ======== */ /** * @notice allow user to stake payout automatically * @param _stake bool * @param _amount uint * @return uint */ function stakeOrSend( address _recipient, bool _stake, uint _amount ) internal returns ( uint ) { if ( !_stake ) { // if user does not want to stake IERC20( IMMO ).transfer( _recipient, _amount ); // send payout } else { // if user wants to stake if ( useHelper ) { // use if staking warmup is 0 IERC20( IMMO ).approve( stakingHelper, _amount ); IStakingHelper( stakingHelper ).stake( _amount, _recipient ); } else { IERC20( IMMO ).approve( staking, _amount ); IStaking( staking ).stake( _amount, _recipient ); } } return _amount; } /** * @notice makes incremental adjustment to control variable */ function adjust() internal { uint timeCanAdjust = adjustment.lastTime.add( adjustment.buffer ); if( adjustment.rate != 0 && block.timestamp >= timeCanAdjust ) { uint initial = terms.controlVariable; if ( adjustment.add ) { terms.controlVariable = terms.controlVariable.add( adjustment.rate ); if ( terms.controlVariable >= adjustment.target ) { adjustment.rate = 0; } } else { terms.controlVariable = terms.controlVariable.sub( adjustment.rate ); if ( terms.controlVariable <= adjustment.target ) { adjustment.rate = 0; } } adjustment.lastTime = uint32(block.timestamp); emit ControlVariableAdjustment( initial, terms.controlVariable, adjustment.rate, adjustment.add ); } } /** * @notice reduce total debt */ function decayDebt() internal { totalDebt = totalDebt.sub( debtDecay() ); lastDecay = uint32(block.timestamp); } /* ======== VIEW FUNCTIONS ======== */ /** * @notice determine maximum bond size * @return uint */ function maxPayout() public view returns ( uint ) { return IERC20( IMMO ).totalSupply().mul( terms.maxPayout ).div( 100000 ); } /** * @notice calculate interest due for new bond * @param _value uint * @return uint */ function payoutFor( uint _value ) public view returns ( uint ) { return FixedPoint.fraction( _value, bondPrice() ).decode112with18().div( 1e16 ); } /** * @notice calculate current bond premium * @return price_ uint */ function bondPrice() public view returns ( uint price_ ) { price_ = terms.controlVariable.mul( debtRatio() ).add( 1000000000 ).div( 1e7 ); if ( price_ < terms.minimumPrice ) { price_ = terms.minimumPrice; } } /** * @notice calculate current bond price and remove floor if above * @return price_ uint */ function _bondPrice() internal returns ( uint price_ ) { price_ = terms.controlVariable.mul( debtRatio() ).add( 1000000000 ).div( 1e7 ); if ( price_ < terms.minimumPrice ) { price_ = terms.minimumPrice; } else if ( terms.minimumPrice != 0 ) { terms.minimumPrice = 0; } } /** * @notice converts bond price to USD value * @return price_ uint */ function bondPriceInUSD() public view returns ( uint price_ ) { if( isLiquidityBond ) { price_ = bondPrice().mul( IBondCalculator( bondCalculator ).markdown( principle ) ).div( 100 ); } else { price_ = bondPrice().mul( 10 ** IERC20( principle ).decimals() ).div( 100 ); } } /** * @notice calculate current ratio of debt to OHM supply * @return debtRatio_ uint */ function debtRatio() public view returns ( uint debtRatio_ ) { uint supply = IERC20( IMMO ).totalSupply(); debtRatio_ = FixedPoint.fraction( currentDebt().mul( 1e9 ), supply ).decode112with18().div( 1e18 ); } /** * @notice debt ratio in same terms for reserve or liquidity bonds * @return uint */ function standardizedDebtRatio() external view returns ( uint ) { if ( isLiquidityBond ) { return debtRatio().mul( IBondCalculator( bondCalculator ).markdown( principle ) ).div( 1e9 ); } else { return debtRatio(); } } /** * @notice calculate debt factoring in decay * @return uint */ function currentDebt() public view returns ( uint ) { return totalDebt.sub( debtDecay() ); } /** * @notice amount to decay total debt by * @return decay_ uint */ function debtDecay() public view returns ( uint decay_ ) { uint32 timeSinceLast = uint32(block.timestamp).sub32( lastDecay ); decay_ = totalDebt.mul( timeSinceLast ).div( terms.vestingTerm ); if ( decay_ > totalDebt ) { decay_ = totalDebt; } } /** * @notice calculate how far into vesting a depositor is * @param _depositor address * @return percentVested_ uint */ function percentVestedFor( address _depositor ) public view returns ( uint percentVested_ ) { Bond memory bond = bondInfo[ _depositor ]; uint secondsSinceLast = uint32(block.timestamp).sub( bond.lastTime ); uint vesting = bond.vesting; if ( vesting > 0 ) { percentVested_ = secondsSinceLast.mul( 10000 ).div( vesting ); } else { percentVested_ = 0; } } /** * @notice calculate amount of OHM available for claim by depositor * @param _depositor address * @return pendingPayout_ uint */ function pendingPayoutFor( address _depositor ) external view returns ( uint pendingPayout_ ) { uint percentVested = percentVestedFor( _depositor ); uint payout = bondInfo[ _depositor ].payout; if ( percentVested >= 10000 ) { pendingPayout_ = payout; } else { pendingPayout_ = payout.mul( percentVested ).div( 10000 ); } } /* ======= AUXILLIARY ======= */ /** * @notice allow anyone to send lost tokens (excluding principle or OHM) to the DAO * @return bool */ function recoverLostToken( address _token ) external returns ( bool ) { require( _token != IMMO ); require( _token != principle ); IERC20( _token ).safeTransfer( DAO, IERC20( _token ).balanceOf( address(this) ) ); return true; } }