Transaction Hash:
Block:
22824629 at Jul-01-2025 01:16:59 PM +UTC
Transaction Fee:
0.001088686558607472 ETH
$2.75
Gas Used:
171,098 Gas / 6.362941464 Gwei
Emitted Events:
0 |
WBTC.Approval( owner=[Receiver] 0xa01637355a4e1a19a3dd9a4fdd5b96c527572fce, spender=FluidVaultT1, value=40000000 )
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1 |
WBTC.Transfer( from=[Receiver] 0xa01637355a4e1a19a3dd9a4fdd5b96c527572fce, to=FluidLiquidityProxy, value=40000000 )
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2 |
FluidLiquidityProxy.0x4d93b232a24e82b284ced7461bf4deacffe66759d5c24513e6f29e571ad78d15( 0x4d93b232a24e82b284ced7461bf4deacffe66759d5c24513e6f29e571ad78d15, 0x0000000000000000000000003a0b7c8840d74d39552ef53f586dd8c3d1234c40, 0x0000000000000000000000002260fac5e5542a773aa44fbcfedf7c193bc2c599, 0000000000000000000000000000000000000000000000000000000002625a00, 0000000000000000000000000000000000000000000000000000000000000000, 0000000000000000000000000000000000000000000000000000000000000000, 0000000000000000000000000000000000000000000000000000000000000000, 0000000000000000000009aa3f04d6000000000000000000000011532563fe00, 00000000000000076b23522a3800000754dea18501a18d37dc01e58383e8008d )
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3 |
FluidVaultT1.LogOperate( user_=[Receiver] 0xa01637355a4e1a19a3dd9a4fdd5b96c527572fce, nftId_=3902, colAmt_=40000000, debtAmt_=0, to_=[Receiver] 0xa01637355a4e1a19a3dd9a4fdd5b96c527572fce )
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Account State Difference:
Address | Before | After | State Difference | ||
---|---|---|---|---|---|
0x2260FAC5...93bc2C599 | |||||
0x39634336...6fb82Aa49
Miner
| (quasarbuilder) | 8.858513224007710984 Eth | 8.858855420007710984 Eth | 0.000342196 | |
0x3A0b7c88...3d1234C40 | (Fluid: Vault WBTC - USDT) | ||||
0x52Aa8994...360F4e497 | (Fluid: Liquidity) | ||||
0xA0163735...527572fce |
0.292760256551744514 Eth
Nonce: 72
|
0.291671569993137042 Eth
Nonce: 74
| 0.001088686558607472 |
Execution Trace
0xa01637355a4e1a19a3dd9a4fdd5b96c527572fce.e9ae5c53( )
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WBTC.approve( _spender=0x3A0b7c8840D74D39552EF53F586dD8c3d1234C40, _value=40000000 ) => ( True )
FluidVaultT1.operate( nftId_=3902, newCol_=40000000, newDebt_=0, to_=0xA01637355a4e1a19A3dd9a4Fdd5B96c527572fce ) => ( 3902, 40000000, 0 )
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FluidLiquidityProxy.readFromStorage( slot_=2F97BAE778107453C9FA4E71A644CD0A05ED4723A03B3B8AF2D1B088C870A29B ) => ( result_=46565950336560551892815358326851313527150782067981758759053 )
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FluidLiquidityProxy.readFromStorage( slot_=0A7E0E74B40A947DAF7B6DF34C66BE699F819F509940D1BD48C4D99BC5E3353C ) => ( result_=51761689417213918862354799927593851264573522951867501904429 )
FluidLiquidityProxy.ad967e15( )
FluidLiquidityUserModule.operate( token_=0x2260FAC5E5542a773Aa44fBCfeDf7C193bc2C599, supplyAmount_=40000000, borrowAmount_=0, withdrawTo_=0x0000000000000000000000000000000000000000, borrowTo_=0x0000000000000000000000000000000000000000, callbackData_=0x000000000000000000000000A01637355A4E1A19A3DD9A4FDD5B96C527572FCE ) => ( memVar3_=1007636721824, memVar4_=1019591935303 )
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WBTC.balanceOf( _owner=0x52Aa899454998Be5b000Ad077a46Bbe360F4e497 ) => ( 32660395736 )
FluidVaultT1.liquidityCallback( token_=0x2260FAC5E5542a773Aa44fBCfeDf7C193bc2C599, amount_=40000000, data_=0x000000000000000000000000A01637355A4E1A19A3DD9A4FDD5B96C527572FCE )
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WBTC.transferFrom( _from=0xA01637355a4e1a19A3dd9a4Fdd5B96c527572fce, _to=0x52Aa899454998Be5b000Ad077a46Bbe360F4e497, _value=40000000 ) => ( True )
-
-
WBTC.balanceOf( _owner=0x52Aa899454998Be5b000Ad077a46Bbe360F4e497 ) => ( 32700395736 )
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-
File 1 of 4: WBTC
File 2 of 4: FluidLiquidityProxy
File 3 of 4: FluidVaultT1
File 4 of 4: FluidLiquidityUserModule
pragma solidity 0.4.24; // File: openzeppelin-solidity/contracts/token/ERC20/ERC20Basic.sol /** * @title ERC20Basic * @dev Simpler version of ERC20 interface * See https://github.com/ethereum/EIPs/issues/179 */ contract ERC20Basic { function totalSupply() public view returns (uint256); function balanceOf(address _who) public view returns (uint256); function transfer(address _to, uint256 _value) public returns (bool); event Transfer(address indexed from, address indexed to, uint256 value); } // File: openzeppelin-solidity/contracts/math/SafeMath.sol /** * @title SafeMath * @dev Math operations with safety checks that throw on error */ library SafeMath { /** * @dev Multiplies two numbers, throws on overflow. */ function mul(uint256 _a, uint256 _b) internal pure returns (uint256 c) { // Gas optimization: this is cheaper than asserting 'a' not being zero, but the // benefit is lost if 'b' is also tested. // See: https://github.com/OpenZeppelin/openzeppelin-solidity/pull/522 if (_a == 0) { return 0; } c = _a * _b; assert(c / _a == _b); return c; } /** * @dev Integer division of two numbers, truncating the quotient. */ function div(uint256 _a, uint256 _b) internal pure returns (uint256) { // assert(_b > 0); // Solidity automatically throws when dividing by 0 // uint256 c = _a / _b; // assert(_a == _b * c + _a % _b); // There is no case in which this doesn't hold return _a / _b; } /** * @dev Subtracts two numbers, throws on overflow (i.e. if subtrahend is greater than minuend). */ function sub(uint256 _a, uint256 _b) internal pure returns (uint256) { assert(_b <= _a); return _a - _b; } /** * @dev Adds two numbers, throws on overflow. */ function add(uint256 _a, uint256 _b) internal pure returns (uint256 c) { c = _a + _b; assert(c >= _a); return c; } } // File: openzeppelin-solidity/contracts/token/ERC20/BasicToken.sol /** * @title Basic token * @dev Basic version of StandardToken, with no allowances. */ contract BasicToken is ERC20Basic { using SafeMath for uint256; mapping(address => uint256) internal balances; uint256 internal totalSupply_; /** * @dev Total number of tokens in existence */ function totalSupply() public view returns (uint256) { return totalSupply_; } /** * @dev Transfer token for a specified address * @param _to The address to transfer to. * @param _value The amount to be transferred. */ function transfer(address _to, uint256 _value) public returns (bool) { require(_value <= balances[msg.sender]); require(_to != address(0)); balances[msg.sender] = balances[msg.sender].sub(_value); balances[_to] = balances[_to].add(_value); emit Transfer(msg.sender, _to, _value); return true; } /** * @dev Gets the balance of the specified address. * @param _owner The address to query the the balance of. * @return An uint256 representing the amount owned by the passed address. */ function balanceOf(address _owner) public view returns (uint256) { return balances[_owner]; } } // File: openzeppelin-solidity/contracts/token/ERC20/ERC20.sol /** * @title ERC20 interface * @dev see https://github.com/ethereum/EIPs/issues/20 */ contract ERC20 is ERC20Basic { function allowance(address _owner, address _spender) public view returns (uint256); function transferFrom(address _from, address _to, uint256 _value) public returns (bool); function approve(address _spender, uint256 _value) public returns (bool); event Approval( address indexed owner, address indexed spender, uint256 value ); } // File: openzeppelin-solidity/contracts/token/ERC20/StandardToken.sol /** * @title Standard ERC20 token * * @dev Implementation of the basic standard token. * https://github.com/ethereum/EIPs/issues/20 * Based on code by FirstBlood: https://github.com/Firstbloodio/token/blob/master/smart_contract/FirstBloodToken.sol */ contract StandardToken is ERC20, BasicToken { mapping (address => mapping (address => uint256)) internal allowed; /** * @dev Transfer tokens from one address to another * @param _from address The address which you want to send tokens from * @param _to address The address which you want to transfer to * @param _value uint256 the amount of tokens to be transferred */ function transferFrom( address _from, address _to, uint256 _value ) public returns (bool) { require(_value <= balances[_from]); require(_value <= allowed[_from][msg.sender]); require(_to != address(0)); balances[_from] = balances[_from].sub(_value); balances[_to] = balances[_to].add(_value); allowed[_from][msg.sender] = allowed[_from][msg.sender].sub(_value); emit Transfer(_from, _to, _value); return true; } /** * @dev Approve the passed address to spend the specified amount of tokens on behalf of msg.sender. * 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 * @param _spender The address which will spend the funds. * @param _value The amount of tokens to be spent. */ function approve(address _spender, uint256 _value) public returns (bool) { allowed[msg.sender][_spender] = _value; emit Approval(msg.sender, _spender, _value); return true; } /** * @dev Function to check the amount of tokens that an owner allowed to a spender. * @param _owner address The address which owns the funds. * @param _spender address The address which will spend the funds. * @return A uint256 specifying the amount of tokens still available for the spender. */ function allowance( address _owner, address _spender ) public view returns (uint256) { return allowed[_owner][_spender]; } /** * @dev Increase the amount of tokens that an owner allowed to a spender. * approve should be called when allowed[_spender] == 0. To increment * allowed value is better to use this function to avoid 2 calls (and wait until * the first transaction is mined) * From MonolithDAO Token.sol * @param _spender The address which will spend the funds. * @param _addedValue The amount of tokens to increase the allowance by. */ function increaseApproval( address _spender, uint256 _addedValue ) public returns (bool) { allowed[msg.sender][_spender] = ( allowed[msg.sender][_spender].add(_addedValue)); emit Approval(msg.sender, _spender, allowed[msg.sender][_spender]); return true; } /** * @dev Decrease the amount of tokens that an owner allowed to a spender. * approve should be called when allowed[_spender] == 0. To decrement * allowed value is better to use this function to avoid 2 calls (and wait until * the first transaction is mined) * From MonolithDAO Token.sol * @param _spender The address which will spend the funds. * @param _subtractedValue The amount of tokens to decrease the allowance by. */ function decreaseApproval( address _spender, uint256 _subtractedValue ) public returns (bool) { uint256 oldValue = allowed[msg.sender][_spender]; if (_subtractedValue >= oldValue) { allowed[msg.sender][_spender] = 0; } else { allowed[msg.sender][_spender] = oldValue.sub(_subtractedValue); } emit Approval(msg.sender, _spender, allowed[msg.sender][_spender]); return true; } } // File: openzeppelin-solidity/contracts/token/ERC20/DetailedERC20.sol /** * @title DetailedERC20 token * @dev The decimals are only for visualization purposes. * All the operations are done using the smallest and indivisible token unit, * just as on Ethereum all the operations are done in wei. */ contract DetailedERC20 is ERC20 { string public name; string public symbol; uint8 public decimals; constructor(string _name, string _symbol, uint8 _decimals) public { name = _name; symbol = _symbol; decimals = _decimals; } } // File: openzeppelin-solidity/contracts/ownership/Ownable.sol /** * @title Ownable * @dev The Ownable contract has an owner address, and provides basic authorization control * functions, this simplifies the implementation of "user permissions". */ contract Ownable { address public owner; event OwnershipRenounced(address indexed previousOwner); event OwnershipTransferred( address indexed previousOwner, address indexed newOwner ); /** * @dev The Ownable constructor sets the original `owner` of the contract to the sender * account. */ constructor() public { owner = msg.sender; } /** * @dev Throws if called by any account other than the owner. */ modifier onlyOwner() { require(msg.sender == owner); _; } /** * @dev Allows the current owner to relinquish control of the contract. * @notice Renouncing to ownership will leave the contract without an owner. * It will not be possible to call the functions with the `onlyOwner` * modifier anymore. */ function renounceOwnership() public onlyOwner { emit OwnershipRenounced(owner); owner = address(0); } /** * @dev Allows the current owner to transfer control of the contract to a newOwner. * @param _newOwner The address to transfer ownership to. */ function transferOwnership(address _newOwner) public onlyOwner { _transferOwnership(_newOwner); } /** * @dev Transfers control of the contract to a newOwner. * @param _newOwner The address to transfer ownership to. */ function _transferOwnership(address _newOwner) internal { require(_newOwner != address(0)); emit OwnershipTransferred(owner, _newOwner); owner = _newOwner; } } // File: openzeppelin-solidity/contracts/token/ERC20/MintableToken.sol /** * @title Mintable token * @dev Simple ERC20 Token example, with mintable token creation * Based on code by TokenMarketNet: https://github.com/TokenMarketNet/ico/blob/master/contracts/MintableToken.sol */ contract MintableToken is StandardToken, Ownable { event Mint(address indexed to, uint256 amount); event MintFinished(); bool public mintingFinished = false; modifier canMint() { require(!mintingFinished); _; } modifier hasMintPermission() { require(msg.sender == owner); _; } /** * @dev Function to mint tokens * @param _to The address that will receive the minted tokens. * @param _amount The amount of tokens to mint. * @return A boolean that indicates if the operation was successful. */ function mint( address _to, uint256 _amount ) public hasMintPermission canMint returns (bool) { totalSupply_ = totalSupply_.add(_amount); balances[_to] = balances[_to].add(_amount); emit Mint(_to, _amount); emit Transfer(address(0), _to, _amount); return true; } /** * @dev Function to stop minting new tokens. * @return True if the operation was successful. */ function finishMinting() public onlyOwner canMint returns (bool) { mintingFinished = true; emit MintFinished(); return true; } } // File: openzeppelin-solidity/contracts/token/ERC20/BurnableToken.sol /** * @title Burnable Token * @dev Token that can be irreversibly burned (destroyed). */ contract BurnableToken is BasicToken { event Burn(address indexed burner, uint256 value); /** * @dev Burns a specific amount of tokens. * @param _value The amount of token to be burned. */ function burn(uint256 _value) public { _burn(msg.sender, _value); } function _burn(address _who, uint256 _value) internal { require(_value <= balances[_who]); // no need to require value <= totalSupply, since that would imply the // sender's balance is greater than the totalSupply, which *should* be an assertion failure balances[_who] = balances[_who].sub(_value); totalSupply_ = totalSupply_.sub(_value); emit Burn(_who, _value); emit Transfer(_who, address(0), _value); } } // File: openzeppelin-solidity/contracts/lifecycle/Pausable.sol /** * @title Pausable * @dev Base contract which allows children to implement an emergency stop mechanism. */ contract Pausable is Ownable { event Pause(); event Unpause(); bool public paused = false; /** * @dev Modifier to make a function callable only when the contract is not paused. */ modifier whenNotPaused() { require(!paused); _; } /** * @dev Modifier to make a function callable only when the contract is paused. */ modifier whenPaused() { require(paused); _; } /** * @dev called by the owner to pause, triggers stopped state */ function pause() public onlyOwner whenNotPaused { paused = true; emit Pause(); } /** * @dev called by the owner to unpause, returns to normal state */ function unpause() public onlyOwner whenPaused { paused = false; emit Unpause(); } } // File: openzeppelin-solidity/contracts/token/ERC20/PausableToken.sol /** * @title Pausable token * @dev StandardToken modified with pausable transfers. **/ contract PausableToken is StandardToken, Pausable { function transfer( address _to, uint256 _value ) public whenNotPaused returns (bool) { return super.transfer(_to, _value); } function transferFrom( address _from, address _to, uint256 _value ) public whenNotPaused returns (bool) { return super.transferFrom(_from, _to, _value); } function approve( address _spender, uint256 _value ) public whenNotPaused returns (bool) { return super.approve(_spender, _value); } function increaseApproval( address _spender, uint _addedValue ) public whenNotPaused returns (bool success) { return super.increaseApproval(_spender, _addedValue); } function decreaseApproval( address _spender, uint _subtractedValue ) public whenNotPaused returns (bool success) { return super.decreaseApproval(_spender, _subtractedValue); } } // File: openzeppelin-solidity/contracts/ownership/Claimable.sol /** * @title Claimable * @dev Extension for the Ownable contract, where the ownership needs to be claimed. * This allows the new owner to accept the transfer. */ contract Claimable is Ownable { address public pendingOwner; /** * @dev Modifier throws if called by any account other than the pendingOwner. */ modifier onlyPendingOwner() { require(msg.sender == pendingOwner); _; } /** * @dev Allows the current owner to set the pendingOwner address. * @param newOwner The address to transfer ownership to. */ function transferOwnership(address newOwner) public onlyOwner { pendingOwner = newOwner; } /** * @dev Allows the pendingOwner address to finalize the transfer. */ function claimOwnership() public onlyPendingOwner { emit OwnershipTransferred(owner, pendingOwner); owner = pendingOwner; pendingOwner = address(0); } } // File: openzeppelin-solidity/contracts/token/ERC20/SafeERC20.sol /** * @title SafeERC20 * @dev Wrappers around ERC20 operations that throw on failure. * To use this library you can add a `using SafeERC20 for ERC20;` statement to your contract, * which allows you to call the safe operations as `token.safeTransfer(...)`, etc. */ library SafeERC20 { function safeTransfer( ERC20Basic _token, address _to, uint256 _value ) internal { require(_token.transfer(_to, _value)); } function safeTransferFrom( ERC20 _token, address _from, address _to, uint256 _value ) internal { require(_token.transferFrom(_from, _to, _value)); } function safeApprove( ERC20 _token, address _spender, uint256 _value ) internal { require(_token.approve(_spender, _value)); } } // File: openzeppelin-solidity/contracts/ownership/CanReclaimToken.sol /** * @title Contracts that should be able to recover tokens * @author SylTi * @dev This allow a contract to recover any ERC20 token received in a contract by transferring the balance to the contract owner. * This will prevent any accidental loss of tokens. */ contract CanReclaimToken is Ownable { using SafeERC20 for ERC20Basic; /** * @dev Reclaim all ERC20Basic compatible tokens * @param _token ERC20Basic The address of the token contract */ function reclaimToken(ERC20Basic _token) external onlyOwner { uint256 balance = _token.balanceOf(this); _token.safeTransfer(owner, balance); } } // File: contracts/utils/OwnableContract.sol // empty block is used as this contract just inherits others. contract OwnableContract is CanReclaimToken, Claimable { } /* solhint-disable-line no-empty-blocks */ // File: contracts/token/WBTC.sol contract WBTC is StandardToken, DetailedERC20("Wrapped BTC", "WBTC", 8), MintableToken, BurnableToken, PausableToken, OwnableContract { function burn(uint value) public onlyOwner { super.burn(value); } function finishMinting() public onlyOwner returns (bool) { return false; } function renounceOwnership() public onlyOwner { revert("renouncing ownership is blocked"); } }
File 2 of 4: FluidLiquidityProxy
//SPDX-License-Identifier: MIT pragma solidity 0.8.21; contract Error { error FluidInfiniteProxyError(uint256 errorId_); } //SPDX-License-Identifier: MIT pragma solidity 0.8.21; library ErrorTypes { /***********************************| | Infinite proxy | |__________________________________*/ /// @notice thrown when an implementation does not exist uint256 internal constant InfiniteProxy__ImplementationNotExist = 50001; } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; contract Events { /// @notice emitted when a new admin is set event LogSetAdmin(address indexed oldAdmin, address indexed newAdmin); /// @notice emitted when a new dummy implementation is set event LogSetDummyImplementation(address indexed oldDummyImplementation, address indexed newDummyImplementation); /// @notice emitted when a new implementation is set with certain sigs event LogSetImplementation(address indexed implementation, bytes4[] sigs); /// @notice emitted when an implementation is removed event LogRemoveImplementation(address indexed implementation); } // SPDX-License-Identifier: MIT pragma solidity 0.8.21; import { Events } from "./events.sol"; import { ErrorTypes } from "./errorTypes.sol"; import { Error } from "./error.sol"; import { StorageRead } from "../libraries/storageRead.sol"; contract CoreInternals is StorageRead, Events, Error { struct SigsSlot { bytes4[] value; } /// @dev Storage slot with the admin of the contract. /// This is the keccak-256 hash of "eip1967.proxy.admin" subtracted by 1, and is /// validated in the constructor. bytes32 internal constant _ADMIN_SLOT = 0xb53127684a568b3173ae13b9f8a6016e243e63b6e8ee1178d6a717850b5d6103; /// @dev Storage slot with the address of the current dummy-implementation. /// This is the keccak-256 hash of "eip1967.proxy.implementation" subtracted by 1, and is /// validated in the constructor. bytes32 internal constant _DUMMY_IMPLEMENTATION_SLOT = 0x360894a13ba1a3210667c828492db98dca3e2076cc3735a920a3ca505d382bbc; /// @dev use EIP1967 proxy slot (see _DUMMY_IMPLEMENTATION_SLOT) except for first 4 bytes, // which are set to 0. This is combined with a sig which will be set in those first 4 bytes bytes32 internal constant _SIG_SLOT_BASE = 0x000000003ba1a3210667c828492db98dca3e2076cc3735a920a3ca505d382bbc; /// @dev Returns the storage slot which stores the sigs array set for the implementation. function _getSlotImplSigsSlot(address implementation_) internal pure returns (bytes32) { return keccak256(abi.encode("eip1967.proxy.implementation", implementation_)); } /// @dev Returns the storage slot which stores the implementation address for the function sig. function _getSlotSigsImplSlot(bytes4 sig_) internal pure returns (bytes32 result_) { assembly { // or operator sets sig_ in first 4 bytes with rest of bytes32 having default value of _SIG_SLOT_BASE result_ := or(_SIG_SLOT_BASE, sig_) } } /// @dev Returns an address `data_` located at `slot_`. function _getAddressSlot(bytes32 slot_) internal view returns (address data_) { assembly { data_ := sload(slot_) } } /// @dev Sets an address `data_` located at `slot_`. function _setAddressSlot(bytes32 slot_, address data_) internal { assembly { sstore(slot_, data_) } } /// @dev Returns an `SigsSlot` with member `value` located at `slot`. function _getSigsSlot(bytes32 slot_) internal pure returns (SigsSlot storage _r) { assembly { _r.slot := slot_ } } /// @dev Sets new implementation and adds mapping from implementation to sigs and sig to implementation. function _setImplementationSigs(address implementation_, bytes4[] memory sigs_) internal { require(sigs_.length != 0, "no-sigs"); bytes32 slot_ = _getSlotImplSigsSlot(implementation_); bytes4[] memory sigsCheck_ = _getSigsSlot(slot_).value; require(sigsCheck_.length == 0, "implementation-already-exist"); for (uint256 i; i < sigs_.length; i++) { bytes32 sigSlot_ = _getSlotSigsImplSlot(sigs_[i]); require(_getAddressSlot(sigSlot_) == address(0), "sig-already-exist"); _setAddressSlot(sigSlot_, implementation_); } _getSigsSlot(slot_).value = sigs_; emit LogSetImplementation(implementation_, sigs_); } /// @dev Removes implementation and the mappings corresponding to it. function _removeImplementationSigs(address implementation_) internal { bytes32 slot_ = _getSlotImplSigsSlot(implementation_); bytes4[] memory sigs_ = _getSigsSlot(slot_).value; require(sigs_.length != 0, "implementation-not-exist"); for (uint256 i; i < sigs_.length; i++) { bytes32 sigSlot_ = _getSlotSigsImplSlot(sigs_[i]); _setAddressSlot(sigSlot_, address(0)); } delete _getSigsSlot(slot_).value; emit LogRemoveImplementation(implementation_); } /// @dev Returns bytes4[] sigs from implementation address. If implemenatation is not registered then returns empty array. function _getImplementationSigs(address implementation_) internal view returns (bytes4[] memory) { bytes32 slot_ = _getSlotImplSigsSlot(implementation_); return _getSigsSlot(slot_).value; } /// @dev Returns implementation address from bytes4 sig. If sig is not registered then returns address(0). function _getSigImplementation(bytes4 sig_) internal view returns (address implementation_) { bytes32 slot_ = _getSlotSigsImplSlot(sig_); return _getAddressSlot(slot_); } /// @dev Returns the current admin. function _getAdmin() internal view returns (address) { return _getAddressSlot(_ADMIN_SLOT); } /// @dev Returns the current dummy-implementation. function _getDummyImplementation() internal view returns (address) { return _getAddressSlot(_DUMMY_IMPLEMENTATION_SLOT); } /// @dev Stores a new address in the EIP1967 admin slot. function _setAdmin(address newAdmin_) internal { address oldAdmin_ = _getAdmin(); require(newAdmin_ != address(0), "ERC1967: new admin is the zero address"); _setAddressSlot(_ADMIN_SLOT, newAdmin_); emit LogSetAdmin(oldAdmin_, newAdmin_); } /// @dev Stores a new address in the EIP1967 implementation slot. function _setDummyImplementation(address newDummyImplementation_) internal { address oldDummyImplementation_ = _getDummyImplementation(); _setAddressSlot(_DUMMY_IMPLEMENTATION_SLOT, newDummyImplementation_); emit LogSetDummyImplementation(oldDummyImplementation_, newDummyImplementation_); } } contract AdminInternals is CoreInternals { /// @dev Only admin guard modifier onlyAdmin() { require(msg.sender == _getAdmin(), "only-admin"); _; } constructor(address admin_, address dummyImplementation_) { _setAdmin(admin_); _setDummyImplementation(dummyImplementation_); } /// @dev Sets new admin. function setAdmin(address newAdmin_) external onlyAdmin { _setAdmin(newAdmin_); } /// @dev Sets new dummy-implementation. function setDummyImplementation(address newDummyImplementation_) external onlyAdmin { _setDummyImplementation(newDummyImplementation_); } /// @dev Adds new implementation address. function addImplementation(address implementation_, bytes4[] calldata sigs_) external onlyAdmin { _setImplementationSigs(implementation_, sigs_); } /// @dev Removes an existing implementation address. function removeImplementation(address implementation_) external onlyAdmin { _removeImplementationSigs(implementation_); } } /// @title Proxy /// @notice This abstract contract provides a fallback function that delegates all calls to another contract using the EVM. /// It implements the Instadapp infinite-proxy: https://github.com/Instadapp/infinite-proxy abstract contract Proxy is AdminInternals { constructor(address admin_, address dummyImplementation_) AdminInternals(admin_, dummyImplementation_) {} /// @dev Returns admin's address. function getAdmin() external view returns (address) { return _getAdmin(); } /// @dev Returns dummy-implementations's address. function getDummyImplementation() external view returns (address) { return _getDummyImplementation(); } /// @dev Returns bytes4[] sigs from implementation address If not registered then returns empty array. function getImplementationSigs(address impl_) external view returns (bytes4[] memory) { return _getImplementationSigs(impl_); } /// @dev Returns implementation address from bytes4 sig. If sig is not registered then returns address(0). function getSigsImplementation(bytes4 sig_) external view returns (address) { return _getSigImplementation(sig_); } /// @dev Fallback function that delegates calls to the address returned by Implementations registry. fallback() external payable { address implementation_; assembly { // get slot for sig and directly SLOAD implementation address from storage at that slot implementation_ := sload( // same as in `_getSlotSigsImplSlot()` but we must also load msg.sig from calldata. // msg.sig is first 4 bytes of calldata, so we can use calldataload(0) with a mask or( // or operator sets sig_ in first 4 bytes with rest of bytes32 having default value of _SIG_SLOT_BASE _SIG_SLOT_BASE, and(calldataload(0), 0xFFFFFFFF00000000000000000000000000000000000000000000000000000000) ) ) } if (implementation_ == address(0)) { revert FluidInfiniteProxyError(ErrorTypes.InfiniteProxy__ImplementationNotExist); } // Delegate the current call to `implementation`. // This does not return to its internall call site, it will return directly to the external caller. // solhint-disable-next-line no-inline-assembly assembly { // Copy msg.data. We take full control of memory in this inline assembly // block because it will not return to Solidity code. We overwrite the // Solidity scratch pad at memory position 0. calldatacopy(0, 0, calldatasize()) // Call the implementation. // out and outsize are 0 because we don't know the size yet. let result := delegatecall(gas(), implementation_, 0, calldatasize(), 0, 0) // Copy the returned data. returndatacopy(0, 0, returndatasize()) if eq(result, 0) { // delegatecall returns 0 on error. revert(0, returndatasize()) } return(0, returndatasize()) } } receive() external payable { // receive method can never have calldata in EVM so no need for any logic here } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; /// @notice implements a method to read uint256 data from storage at a bytes32 storage slot key. contract StorageRead { function readFromStorage(bytes32 slot_) public view returns (uint256 result_) { assembly { result_ := sload(slot_) // read value from the storage slot } } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; import { Proxy } from "../infiniteProxy/proxy.sol"; /// @notice Fluid Liquidity infinte proxy. /// Liquidity is the central point of the Instadapp Fluid architecture, it is the core interaction point /// for all allow-listed protocols, such as fTokens, Vault, Flashloan, StETH protocol, DEX protocol etc. contract FluidLiquidityProxy is Proxy { constructor(address admin_, address dummyImplementation_) Proxy(admin_, dummyImplementation_) {} }
File 3 of 4: FluidVaultT1
// SPDX-License-Identifier: MIT // OpenZeppelin Contracts (last updated v4.5.0) (token/ERC721/extensions/IERC721Enumerable.sol) pragma solidity ^0.8.0; import "../IERC721.sol"; /** * @title ERC-721 Non-Fungible Token Standard, optional enumeration extension * @dev See https://eips.ethereum.org/EIPS/eip-721 */ interface IERC721Enumerable is IERC721 { /** * @dev Returns the total amount of tokens stored by the contract. */ function totalSupply() external view returns (uint256); /** * @dev Returns a token ID owned by `owner` at a given `index` of its token list. * Use along with {balanceOf} to enumerate all of ``owner``'s tokens. */ function tokenOfOwnerByIndex(address owner, uint256 index) external view returns (uint256); /** * @dev Returns a token ID at a given `index` of all the tokens stored by the contract. * Use along with {totalSupply} to enumerate all tokens. */ function tokenByIndex(uint256 index) external view returns (uint256); } // SPDX-License-Identifier: MIT // OpenZeppelin Contracts (last updated v4.8.0) (token/ERC721/IERC721.sol) pragma solidity ^0.8.0; import "../../utils/introspection/IERC165.sol"; /** * @dev Required interface of an ERC721 compliant contract. */ interface IERC721 is IERC165 { /** * @dev Emitted when `tokenId` token is transferred from `from` to `to`. */ event Transfer(address indexed from, address indexed to, uint256 indexed tokenId); /** * @dev Emitted when `owner` enables `approved` to manage the `tokenId` token. */ event Approval(address indexed owner, address indexed approved, uint256 indexed tokenId); /** * @dev Emitted when `owner` enables or disables (`approved`) `operator` to manage all of its assets. */ event ApprovalForAll(address indexed owner, address indexed operator, bool approved); /** * @dev Returns the number of tokens in ``owner``'s account. */ function balanceOf(address owner) external view returns (uint256 balance); /** * @dev Returns the owner of the `tokenId` token. * * Requirements: * * - `tokenId` must exist. */ function ownerOf(uint256 tokenId) external view returns (address owner); /** * @dev Safely transfers `tokenId` token from `from` to `to`. * * Requirements: * * - `from` cannot be the zero address. * - `to` cannot be the zero address. * - `tokenId` token must exist and be owned by `from`. * - If the caller is not `from`, it must be approved to move this token by either {approve} or {setApprovalForAll}. * - If `to` refers to a smart contract, it must implement {IERC721Receiver-onERC721Received}, which is called upon a safe transfer. * * Emits a {Transfer} event. */ function safeTransferFrom( address from, address to, uint256 tokenId, bytes calldata data ) external; /** * @dev Safely transfers `tokenId` token from `from` to `to`, checking first that contract recipients * are aware of the ERC721 protocol to prevent tokens from being forever locked. * * Requirements: * * - `from` cannot be the zero address. * - `to` cannot be the zero address. * - `tokenId` token must exist and be owned by `from`. * - If the caller is not `from`, it must have been allowed to move this token by either {approve} or {setApprovalForAll}. * - If `to` refers to a smart contract, it must implement {IERC721Receiver-onERC721Received}, which is called upon a safe transfer. * * Emits a {Transfer} event. */ function safeTransferFrom( address from, address to, uint256 tokenId ) external; /** * @dev Transfers `tokenId` token from `from` to `to`. * * WARNING: Note that the caller is responsible to confirm that the recipient is capable of receiving ERC721 * or else they may be permanently lost. Usage of {safeTransferFrom} prevents loss, though the caller must * understand this adds an external call which potentially creates a reentrancy vulnerability. * * Requirements: * * - `from` cannot be the zero address. * - `to` cannot be the zero address. * - `tokenId` token must be owned by `from`. * - If the caller is not `from`, it must be approved to move this token by either {approve} or {setApprovalForAll}. * * Emits a {Transfer} event. */ function transferFrom( address from, address to, uint256 tokenId ) external; /** * @dev Gives permission to `to` to transfer `tokenId` token to another account. * The approval is cleared when the token is transferred. * * Only a single account can be approved at a time, so approving the zero address clears previous approvals. * * Requirements: * * - The caller must own the token or be an approved operator. * - `tokenId` must exist. * * Emits an {Approval} event. */ function approve(address to, uint256 tokenId) external; /** * @dev Approve or remove `operator` as an operator for the caller. * Operators can call {transferFrom} or {safeTransferFrom} for any token owned by the caller. * * Requirements: * * - The `operator` cannot be the caller. * * Emits an {ApprovalForAll} event. */ function setApprovalForAll(address operator, bool _approved) external; /** * @dev Returns the account approved for `tokenId` token. * * Requirements: * * - `tokenId` must exist. */ function getApproved(uint256 tokenId) external view returns (address operator); /** * @dev Returns if the `operator` is allowed to manage all of the assets of `owner`. * * See {setApprovalForAll} */ function isApprovedForAll(address owner, address operator) external view returns (bool); } // SPDX-License-Identifier: MIT // OpenZeppelin Contracts v4.4.1 (utils/introspection/IERC165.sol) pragma solidity ^0.8.0; /** * @dev Interface of the ERC165 standard, as defined in the * https://eips.ethereum.org/EIPS/eip-165[EIP]. * * Implementers can declare support of contract interfaces, which can then be * queried by others ({ERC165Checker}). * * For an implementation, see {ERC165}. */ interface IERC165 { /** * @dev Returns true if this contract implements the interface defined by * `interfaceId`. See the corresponding * https://eips.ethereum.org/EIPS/eip-165#how-interfaces-are-identified[EIP section] * to learn more about how these ids are created. * * This function call must use less than 30 000 gas. */ function supportsInterface(bytes4 interfaceId) external view returns (bool); } // SPDX-License-Identifier: MIT pragma solidity 0.8.21; interface IProxy { function setAdmin(address newAdmin_) external; function setDummyImplementation(address newDummyImplementation_) external; function addImplementation(address implementation_, bytes4[] calldata sigs_) external; function removeImplementation(address implementation_) external; function getAdmin() external view returns (address); function getDummyImplementation() external view returns (address); function getImplementationSigs(address impl_) external view returns (bytes4[] memory); function getSigsImplementation(bytes4 sig_) external view returns (address); function readFromStorage(bytes32 slot_) external view returns (uint256 result_); } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; /// @title library that represents a number in BigNumber(coefficient and exponent) format to store in smaller bits. /// @notice the number is divided into two parts: a coefficient and an exponent. This comes at a cost of losing some precision /// at the end of the number because the exponent simply fills it with zeroes. This precision is oftentimes negligible and can /// result in significant gas cost reduction due to storage space reduction. /// Also note, a valid big number is as follows: if the exponent is > 0, then coefficient last bits should be occupied to have max precision. /// @dev roundUp is more like a increase 1, which happens everytime for the same number. /// roundDown simply sets trailing digits after coefficientSize to zero (floor), only once for the same number. library BigMathMinified { /// @dev constants to use for `roundUp` input param to increase readability bool internal constant ROUND_DOWN = false; bool internal constant ROUND_UP = true; /// @dev converts `normal` number to BigNumber with `exponent` and `coefficient` (or precision). /// e.g.: /// 5035703444687813576399599 (normal) = (coefficient[32bits], exponent[8bits])[40bits] /// 5035703444687813576399599 (decimal) => 10000101010010110100000011111011110010100110100000000011100101001101001101011101111 (binary) /// => 10000101010010110100000011111011000000000000000000000000000000000000000000000000000 /// ^-------------------- 51(exponent) -------------- ^ /// coefficient = 1000,0101,0100,1011,0100,0000,1111,1011 (2236301563) /// exponent = 0011,0011 (51) /// bigNumber = 1000,0101,0100,1011,0100,0000,1111,1011,0011,0011 (572493200179) /// /// @param normal number which needs to be converted into Big Number /// @param coefficientSize at max how many bits of precision there should be (64 = uint64 (64 bits precision)) /// @param exponentSize at max how many bits of exponent there should be (8 = uint8 (8 bits exponent)) /// @param roundUp signals if result should be rounded down or up /// @return bigNumber converted bigNumber (coefficient << exponent) function toBigNumber( uint256 normal, uint256 coefficientSize, uint256 exponentSize, bool roundUp ) internal pure returns (uint256 bigNumber) { assembly { let lastBit_ let number_ := normal if gt(number_, 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF) { number_ := shr(0x80, number_) lastBit_ := 0x80 } if gt(number_, 0xFFFFFFFFFFFFFFFF) { number_ := shr(0x40, number_) lastBit_ := add(lastBit_, 0x40) } if gt(number_, 0xFFFFFFFF) { number_ := shr(0x20, number_) lastBit_ := add(lastBit_, 0x20) } if gt(number_, 0xFFFF) { number_ := shr(0x10, number_) lastBit_ := add(lastBit_, 0x10) } if gt(number_, 0xFF) { number_ := shr(0x8, number_) lastBit_ := add(lastBit_, 0x8) } if gt(number_, 0xF) { number_ := shr(0x4, number_) lastBit_ := add(lastBit_, 0x4) } if gt(number_, 0x3) { number_ := shr(0x2, number_) lastBit_ := add(lastBit_, 0x2) } if gt(number_, 0x1) { lastBit_ := add(lastBit_, 1) } if gt(number_, 0) { lastBit_ := add(lastBit_, 1) } if lt(lastBit_, coefficientSize) { // for throw exception lastBit_ := coefficientSize } let exponent := sub(lastBit_, coefficientSize) let coefficient := shr(exponent, normal) if and(roundUp, gt(exponent, 0)) { // rounding up is only needed if exponent is > 0, as otherwise the coefficient fully holds the original number coefficient := add(coefficient, 1) if eq(shl(coefficientSize, 1), coefficient) { // case were coefficient was e.g. 111, with adding 1 it became 1000 (in binary) and coefficientSize 3 bits // final coefficient would exceed it's size. -> reduce coefficent to 100 and increase exponent by 1. coefficient := shl(sub(coefficientSize, 1), 1) exponent := add(exponent, 1) } } if iszero(lt(exponent, shl(exponentSize, 1))) { // if exponent is >= exponentSize, the normal number is too big to fit within // BigNumber with too small sizes for coefficient and exponent revert(0, 0) } bigNumber := shl(exponentSize, coefficient) bigNumber := add(bigNumber, exponent) } } /// @dev get `normal` number from `bigNumber`, `exponentSize` and `exponentMask` function fromBigNumber( uint256 bigNumber, uint256 exponentSize, uint256 exponentMask ) internal pure returns (uint256 normal) { assembly { let coefficient := shr(exponentSize, bigNumber) let exponent := and(bigNumber, exponentMask) normal := shl(exponent, coefficient) } } /// @dev gets the most significant bit `lastBit` of a `normal` number (length of given number of binary format). /// e.g. /// 5035703444687813576399599 = 10000101010010110100000011111011110010100110100000000011100101001101001101011101111 /// lastBit = ^--------------------------------- 83 ----------------------------------------^ function mostSignificantBit(uint256 normal) internal pure returns (uint lastBit) { assembly { let number_ := normal if gt(normal, 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF) { number_ := shr(0x80, number_) lastBit := 0x80 } if gt(number_, 0xFFFFFFFFFFFFFFFF) { number_ := shr(0x40, number_) lastBit := add(lastBit, 0x40) } if gt(number_, 0xFFFFFFFF) { number_ := shr(0x20, number_) lastBit := add(lastBit, 0x20) } if gt(number_, 0xFFFF) { number_ := shr(0x10, number_) lastBit := add(lastBit, 0x10) } if gt(number_, 0xFF) { number_ := shr(0x8, number_) lastBit := add(lastBit, 0x8) } if gt(number_, 0xF) { number_ := shr(0x4, number_) lastBit := add(lastBit, 0x4) } if gt(number_, 0x3) { number_ := shr(0x2, number_) lastBit := add(lastBit, 0x2) } if gt(number_, 0x1) { lastBit := add(lastBit, 1) } if gt(number_, 0) { lastBit := add(lastBit, 1) } } } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; import { BigMathMinified } from "./bigMathMinified.sol"; /// @title Extended version of BigMathMinified. Implements functions for normal operators (*, /, etc) modified to interact with big numbers. /// @notice this is an optimized version mainly created by taking Fluid vault's codebase into consideration so it's use is limited for other cases. // // @dev IMPORTANT: for any change here, make sure to uncomment and run the fuzz tests in bigMathVault.t.sol library BigMathVault { uint private constant COEFFICIENT_SIZE_DEBT_FACTOR = 35; uint private constant EXPONENT_SIZE_DEBT_FACTOR = 15; uint private constant COEFFICIENT_MAX_DEBT_FACTOR = (1 << COEFFICIENT_SIZE_DEBT_FACTOR) - 1; uint private constant EXPONENT_MAX_DEBT_FACTOR = (1 << EXPONENT_SIZE_DEBT_FACTOR) - 1; uint private constant DECIMALS_DEBT_FACTOR = 16384; uint internal constant MAX_MASK_DEBT_FACTOR = (1 << (COEFFICIENT_SIZE_DEBT_FACTOR + EXPONENT_SIZE_DEBT_FACTOR)) - 1; // Having precision as 2**64 on vault uint internal constant PRECISION = 64; uint internal constant TWO_POWER_64 = 1 << PRECISION; // Max bit for 35 bits * 35 bits number will be 70 // why do we use 69 then here instead of 70 uint internal constant TWO_POWER_69_MINUS_1 = (1 << 69) - 1; uint private constant COEFFICIENT_PLUS_PRECISION = COEFFICIENT_SIZE_DEBT_FACTOR + PRECISION; // 99 uint private constant COEFFICIENT_PLUS_PRECISION_MINUS_1 = COEFFICIENT_PLUS_PRECISION - 1; // 98 uint private constant TWO_POWER_COEFFICIENT_PLUS_PRECISION_MINUS_1 = (1 << COEFFICIENT_PLUS_PRECISION_MINUS_1) - 1; // (1 << 98) - 1; uint private constant TWO_POWER_COEFFICIENT_PLUS_PRECISION_MINUS_1_MINUS_1 = (1 << (COEFFICIENT_PLUS_PRECISION_MINUS_1 - 1)) - 1; // (1 << 97) - 1; /// @dev multiplies a `normal` number with a `bigNumber1` and then divides by `bigNumber2`. /// @dev For vault's use case MUST always: /// - bigNumbers have exponent size 15 bits /// - bigNumbers have coefficient size 35 bits and have 35th bit always 1 (when exponent > 0 BigMath numbers have max precision) /// so coefficients must always be in range 17179869184 <= coefficient <= 34359738367. /// - bigNumber1 (debt factor) always have exponent >= 1 & <= 16384 /// - bigNumber2 (connection factor) always have exponent >= 1 & <= 32767 (15 bits) /// - bigNumber2 always >= bigNumber1 (connection factor can never be < base branch debt factor) /// - as a result of previous points, numbers must never be 0 /// - normal is positionRawDebt and is always within 10000 and type(int128).max /// @return normal * bigNumber1 / bigNumber2 function mulDivNormal(uint256 normal, uint256 bigNumber1, uint256 bigNumber2) internal pure returns (uint256) { unchecked { // exponent2_ - exponent1_ uint netExponent_ = (bigNumber2 & EXPONENT_MAX_DEBT_FACTOR) - (bigNumber1 & EXPONENT_MAX_DEBT_FACTOR); if (netExponent_ < 129) { // (normal * coefficient1_) / (coefficient2_ << netExponent_); return ((normal * (bigNumber1 >> EXPONENT_SIZE_DEBT_FACTOR)) / ((bigNumber2 >> EXPONENT_SIZE_DEBT_FACTOR) << netExponent_)); } // else: // biggest possible nominator: type(int128).max * 35bits max = 5846006549323611672814739330865132078589370433536 // smallest possible denominator: 17179869184 << 129 (= 1 << 163) = 11692013098647223345629478661730264157247460343808 // -> can only ever be 0 return 0; } } /// @dev multiplies a `bigNumber` with normal `number1` and then divides by `TWO_POWER_64`. /// @dev For vault's use case (calculating new branch debt factor after liquidation): /// - number1 is debtFactor, intialized as TWO_POWER_64 and reduced from there, hence it's always <= TWO_POWER_64 and always > 0. /// - bigNumber is branch debt factor, which starts as ((X35 << 15) | (1 << 14)) and reduces from there. /// - bigNumber must have have exponent size 15 bits and be >= 1 & <= 16384 /// - bigNumber must have coefficient size 35 bits and have 35th bit always 1 (when exponent > 0 BigMath numbers have max precision) /// so coefficients must always be in range 17179869184 <= coefficient <= 34359738367. /// @param bigNumber Coefficient | Exponent. /// @param number1 normal number. /// @return result bigNumber * number1 / TWO_POWER_64. function mulDivBigNumber(uint256 bigNumber, uint256 number1) internal pure returns (uint256 result) { // using unchecked as we are only at 1 place in Vault and it won't overflow there. unchecked { uint256 _resultNumerator = (bigNumber >> EXPONENT_SIZE_DEBT_FACTOR) * number1; // bigNumber coefficient * normal number // 99% chances are that most sig bit should be 64 + 35 - 1 or 64 + 35 - 2 // diff = mostSigBit. Can only ever be >= 35 and <= 98 uint256 diff = (_resultNumerator > TWO_POWER_COEFFICIENT_PLUS_PRECISION_MINUS_1) ? COEFFICIENT_PLUS_PRECISION : (_resultNumerator > TWO_POWER_COEFFICIENT_PLUS_PRECISION_MINUS_1_MINUS_1) ? COEFFICIENT_PLUS_PRECISION_MINUS_1 : BigMathMinified.mostSignificantBit(_resultNumerator); // diff = difference in bits to make the _resultNumerator 35 bits again diff = diff - COEFFICIENT_SIZE_DEBT_FACTOR; _resultNumerator = _resultNumerator >> diff; // starting exponent is 16384, so exponent should never get 0 here result = (bigNumber & EXPONENT_MAX_DEBT_FACTOR) + diff; if (result > PRECISION) { result = (_resultNumerator << EXPONENT_SIZE_DEBT_FACTOR) + result - PRECISION; // divides by TWO_POWER_64 by reducing exponent by 64 } else { // if number1 is small, e.g. 1e4 and bigNumber is also small e.g. coefficient = 17179869184 & exponent is at 50 // then: resultNumerator = 171798691840000, diff most significant bit = 48, ending up with diff = 13 // for exponent in result we end up doing: 50 + 13 - 64 -> underflowing exponent. // this should never happen anyway, but if it does better to revert than to continue with unknown effects. revert(); // debt factor should never become a BigNumber with exponent <= 0 } } } /// @dev multiplies a `bigNumber1` with another `bigNumber2`. /// @dev For vault's use case (calculating connection factor of merged branches userTickDebtFactor * connectionDebtFactor *... connectionDebtFactor): /// - bigNumbers must have have exponent size 15 bits and be >= 1 & <= 32767 /// - bigNumber must have coefficient size 35 bits and have 35th bit always 1 (when exponent > 0 BigMath numbers have max precision) /// so coefficients must always be in range 17179869184 <= coefficient <= 34359738367. /// @dev sum of exponents from `bigNumber1` `bigNumber2` should be > 16384. /// e.g. res = bigNumber1 * bigNumber2 = [(coe1, exp1) * (coe2, exp2)] >> decimal /// = (coe1*coe2>>overflow, exp1+exp2+overflow-decimal) /// @param bigNumber1 BigNumber format with coefficient and exponent. /// @param bigNumber2 BigNumber format with coefficient and exponent. /// @return BigNumber format with coefficient and exponent function mulBigNumber(uint256 bigNumber1, uint256 bigNumber2) internal pure returns (uint256) { unchecked { // coefficient1_ * coefficient2_ uint resCoefficient_ = (bigNumber1 >> EXPONENT_SIZE_DEBT_FACTOR) * (bigNumber2 >> EXPONENT_SIZE_DEBT_FACTOR); // res coefficient at min can be 17179869184 * 17179869184 = 295147905179352825856 (= 1 << 68; 69th bit as 1) // res coefficient at max can be 34359738367 * 34359738367 = 1180591620648691826689 (X35 * X35 fits in 70 bits) uint overflowLen_ = resCoefficient_ > TWO_POWER_69_MINUS_1 ? COEFFICIENT_SIZE_DEBT_FACTOR : COEFFICIENT_SIZE_DEBT_FACTOR - 1; // overflowLen_ is either 34 or 35 resCoefficient_ = resCoefficient_ >> overflowLen_; // bigNumber2 is connection factor // exponent1_ + exponent2_ + overflowLen_ - decimals uint resExponent_ = ((bigNumber1 & EXPONENT_MAX_DEBT_FACTOR) + (bigNumber2 & EXPONENT_MAX_DEBT_FACTOR) + overflowLen_); if (resExponent_ < DECIMALS_DEBT_FACTOR) { // for this ever to happen, the debt factors used to calculate connection factors would have to be at extremely // unrealistic values. Like e.g. // branch3 (debt factor X35 << 15 | 16383) got merged into branch2 (debt factor X35 << 15 | 8190) // -> connection factor (divBigNumber): ((coe1<<precision_)/coe2>>overflowLen, exp1+decimal+overflowLen-exp2-precision_) so: // coefficient: (X35<<64)/X35 >> 30 = 17179869184 // exponent: 8190+16384+30-16383-64 = 8157. // result: 17179869184 << 15 | 8157 // and then branch2 into branch1 (debt factor X35 << 15 | 22). -> connection factor: // coefficient: (X35<<64)/X35 >> 30 = 17179869184 // exponent: 22+16384+30-8190-64 = 8182. // result: 17179869184 << 15 | 8182 // connection factors sum up (mulBigNumber): (coe1*coe2>>overflow, exp1+exp2+overflow-decimal) // exponent: 8182+8157+35-16384=16374-16384=-10. underflow. // this should never happen anyway, but if it does better to revert than to continue with unknown effects. revert(); } resExponent_ = resExponent_ - DECIMALS_DEBT_FACTOR; if (resExponent_ > EXPONENT_MAX_DEBT_FACTOR) { // if resExponent_ is not within limits that means user's got ~100% (something like 99.999999999999...) // this situation will probably never happen and this basically means user's position is ~100% liquidated return MAX_MASK_DEBT_FACTOR; } return ((resCoefficient_ << EXPONENT_SIZE_DEBT_FACTOR) | resExponent_); } } /// @dev divides a `bigNumber1` by `bigNumber2`. /// @dev For vault's use case (calculating connectionFactor_ = baseBranchDebtFactor / currentBranchDebtFactor) bigNumbers MUST always: /// - have exponent size 15 bits and be >= 1 & <= 16384 /// - have coefficient size 35 bits and have 35th bit always 1 (when exponent > 0 BigMath numbers have max precision) /// so coefficients must always be in range 17179869184 <= coefficient <= 34359738367. /// - as a result of previous points, numbers must never be 0 /// e.g. res = bigNumber1 / bigNumber2 = [(coe1, exp1) / (coe2, exp2)] << decimal /// = ((coe1<<precision_)/coe2, exp1+decimal-exp2-precision_) /// @param bigNumber1 BigNumber format with coefficient and exponent /// @param bigNumber2 BigNumber format with coefficient and exponent /// @return BigNumber format with coefficient and exponent /// Returned connection factor can only ever be >= baseBranchDebtFactor (c = x*100/y with both x,y > 0 & x,y <= 100: c can only ever be >= x) function divBigNumber(uint256 bigNumber1, uint256 bigNumber2) internal pure returns (uint256) { unchecked { // (coefficient1_ << PRECISION) / coefficient2_ uint256 resCoefficient_ = ((bigNumber1 >> EXPONENT_SIZE_DEBT_FACTOR) << PRECISION) / (bigNumber2 >> EXPONENT_SIZE_DEBT_FACTOR); // nominator at min 17179869184 << 64 = 316912650057057350374175801344. at max 34359738367 << 64 = 633825300095667956674642051072. // so min value resCoefficient_ 9223372037123211264 (64 bits) vs max 36893488146345361408 (fits in 65 bits) // mostSigBit will be PRECISION + 1 or PRECISION uint256 overflowLen_ = ((resCoefficient_ >> PRECISION) == 1) ? (PRECISION + 1) : PRECISION; // Overflow will be PRECISION - COEFFICIENT_SIZE_DEBT_FACTOR or (PRECISION + 1) - COEFFICIENT_SIZE_DEBT_FACTOR // Meaning 64 - 35 = 29 or 65 - 35 = 30 overflowLen_ = overflowLen_ - COEFFICIENT_SIZE_DEBT_FACTOR; resCoefficient_ = resCoefficient_ >> overflowLen_; // exponent1_ will always be less than or equal to 16384 // exponent2_ will always be less than or equal to 16384 // Even if exponent2_ is 0 (not possible) & resExponent_ = DECIMALS_DEBT_FACTOR then also resExponent_ will be less than max limit, so no overflow // result exponent = (exponent1_ + DECIMALS_DEBT_FACTOR + overflowLen_) - (exponent2_ + PRECISION); uint256 resExponent_ = ((bigNumber1 & EXPONENT_MAX_DEBT_FACTOR) + // exponent1_ DECIMALS_DEBT_FACTOR + // DECIMALS_DEBT_FACTOR is 100% as it is percentage value overflowLen_); // addition part resExponent_ here min 16414, max 32798 // reuse overFlowLen_ variable for subtraction sum of exponent overflowLen_ = (bigNumber2 & EXPONENT_MAX_DEBT_FACTOR) + PRECISION; // subtraction part overflowLen_ here: min 65, max 16448 if (resExponent_ > overflowLen_) { resExponent_ = resExponent_ - overflowLen_; return ((resCoefficient_ << EXPONENT_SIZE_DEBT_FACTOR) | resExponent_); } // Can happen if bigNumber1 exponent is < 35 (35+16384+29 = 16448) and bigNumber2 exponent is e.g. max 16384. // this would mean a branch with a normal big debt factor (bigNumber2) is merged into a base branch with an extremely small // debt factor (bigNumber1). // this should never happen anyway, but if it does better to revert than to continue with unknown effects. revert(); // connection factor should never become a BigNumber with exponent <= 0 } } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; library LibsErrorTypes { /***********************************| | LiquidityCalcs | |__________________________________*/ /// @notice thrown when supply or borrow exchange price is zero at calc token data (token not configured yet) uint256 internal constant LiquidityCalcs__ExchangePriceZero = 70001; /// @notice thrown when rate data is set to a version that is not implemented uint256 internal constant LiquidityCalcs__UnsupportedRateVersion = 70002; /// @notice thrown when the calculated borrow rate turns negative. This should never happen. uint256 internal constant LiquidityCalcs__BorrowRateNegative = 70003; /***********************************| | SafeTransfer | |__________________________________*/ /// @notice thrown when safe transfer from for an ERC20 fails uint256 internal constant SafeTransfer__TransferFromFailed = 71001; /// @notice thrown when safe transfer for an ERC20 fails uint256 internal constant SafeTransfer__TransferFailed = 71002; } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; import { LibsErrorTypes as ErrorTypes } from "./errorTypes.sol"; import { LiquiditySlotsLink } from "./liquiditySlotsLink.sol"; import { BigMathMinified } from "./bigMathMinified.sol"; /// @notice implements calculation methods used for Fluid liquidity such as updated exchange prices, /// borrow rate, withdrawal / borrow limits, revenue amount. library LiquidityCalcs { error FluidLiquidityCalcsError(uint256 errorId_); /// @notice emitted if the calculated borrow rate surpassed max borrow rate (16 bits) and was capped at maximum value 65535 event BorrowRateMaxCap(); /// @dev constants as from Liquidity variables.sol uint256 internal constant EXCHANGE_PRICES_PRECISION = 1e12; /// @dev Ignoring leap years uint256 internal constant SECONDS_PER_YEAR = 365 days; // constants used for BigMath conversion from and to storage uint256 internal constant DEFAULT_EXPONENT_SIZE = 8; uint256 internal constant DEFAULT_EXPONENT_MASK = 0xFF; uint256 internal constant FOUR_DECIMALS = 1e4; uint256 internal constant TWELVE_DECIMALS = 1e12; uint256 internal constant X14 = 0x3fff; uint256 internal constant X15 = 0x7fff; uint256 internal constant X16 = 0xffff; uint256 internal constant X18 = 0x3ffff; uint256 internal constant X24 = 0xffffff; uint256 internal constant X33 = 0x1ffffffff; uint256 internal constant X64 = 0xffffffffffffffff; /////////////////////////////////////////////////////////////////////////// ////////// CALC EXCHANGE PRICES ///////// /////////////////////////////////////////////////////////////////////////// /// @dev calculates interest (exchange prices) for a token given its' exchangePricesAndConfig from storage. /// @param exchangePricesAndConfig_ exchange prices and config packed uint256 read from storage /// @return supplyExchangePrice_ updated supplyExchangePrice /// @return borrowExchangePrice_ updated borrowExchangePrice function calcExchangePrices( uint256 exchangePricesAndConfig_ ) internal view returns (uint256 supplyExchangePrice_, uint256 borrowExchangePrice_) { // Extracting exchange prices supplyExchangePrice_ = (exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_SUPPLY_EXCHANGE_PRICE) & X64; borrowExchangePrice_ = (exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_BORROW_EXCHANGE_PRICE) & X64; if (supplyExchangePrice_ == 0 || borrowExchangePrice_ == 0) { revert FluidLiquidityCalcsError(ErrorTypes.LiquidityCalcs__ExchangePriceZero); } uint256 temp_ = exchangePricesAndConfig_ & X16; // temp_ = borrowRate unchecked { // last timestamp can not be > current timestamp uint256 secondsSinceLastUpdate_ = block.timestamp - ((exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_LAST_TIMESTAMP) & X33); uint256 borrowRatio_ = (exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_BORROW_RATIO) & X15; if (secondsSinceLastUpdate_ == 0 || temp_ == 0 || borrowRatio_ == 1) { // if no time passed, borrow rate is 0, or no raw borrowings: no exchange price update needed // (if borrowRatio_ == 1 means there is only borrowInterestFree, as first bit is 1 and rest is 0) return (supplyExchangePrice_, borrowExchangePrice_); } // calculate new borrow exchange price. // formula borrowExchangePriceIncrease: previous price * borrow rate * secondsSinceLastUpdate_. // nominator is max uint112 (uint64 * uint16 * uint32). Divisor can not be 0. borrowExchangePrice_ += (borrowExchangePrice_ * temp_ * secondsSinceLastUpdate_) / (SECONDS_PER_YEAR * FOUR_DECIMALS); // FOR SUPPLY EXCHANGE PRICE: // all yield paid by borrowers (in mode with interest) goes to suppliers in mode with interest. // formula: previous price * supply rate * secondsSinceLastUpdate_. // where supply rate = (borrow rate - revenueFee%) * ratioSupplyYield. And // ratioSupplyYield = utilization * supplyRatio * borrowRatio // // Example: // supplyRawInterest is 80, supplyInterestFree is 20. totalSupply is 100. BorrowedRawInterest is 50. // BorrowInterestFree is 10. TotalBorrow is 60. borrow rate 40%, revenueFee 10%. // yield is 10 (so half a year must have passed). // supplyRawInterest must become worth 89. totalSupply must become 109. BorrowedRawInterest must become 60. // borrowInterestFree must still be 10. supplyInterestFree still 20. totalBorrow 70. // supplyExchangePrice would have to go from 1 to 1,125 (+ 0.125). borrowExchangePrice from 1 to 1,2 (+0.2). // utilization is 60%. supplyRatio = 20 / 80 = 25% (only 80% of lenders receiving yield). // borrowRatio = 10 / 50 = 20% (only 83,333% of borrowers paying yield): // x of borrowers paying yield = 100% - (20 / (100 + 20)) = 100% - 16.6666666% = 83,333%. // ratioSupplyYield = 60% * 83,33333% * (100% + 20%) = 62,5% // supplyRate = (40% * (100% - 10%)) * = 36% * 62,5% = 22.5% // increase in supplyExchangePrice, assuming 100 as previous price. // 100 * 22,5% * 1/2 (half a year) = 0,1125. // cross-check supplyRawInterest worth = 80 * 1.1125 = 89. totalSupply worth = 89 + 20. // -------------- 1. calculate ratioSupplyYield -------------------------------- // step1: utilization * supplyRatio (or actually part of lenders receiving yield) // temp_ => supplyRatio (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383) // if first bit 0 then ratio is supplyInterestFree / supplyWithInterest (supplyWithInterest is bigger) // else ratio is supplyWithInterest / supplyInterestFree (supplyInterestFree is bigger) temp_ = (exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_SUPPLY_RATIO) & X15; if (temp_ == 1) { // if no raw supply: no exchange price update needed // (if supplyRatio_ == 1 means there is only supplyInterestFree, as first bit is 1 and rest is 0) return (supplyExchangePrice_, borrowExchangePrice_); } // ratioSupplyYield precision is 1e27 as 100% for increased precision when supplyInterestFree > supplyWithInterest if (temp_ & 1 == 1) { // ratio is supplyWithInterest / supplyInterestFree (supplyInterestFree is bigger) temp_ = temp_ >> 1; // Note: case where temp_ == 0 (only supplyInterestFree, no yield) already covered by early return // in the if statement a little above. // based on above example but supplyRawInterest is 20, supplyInterestFree is 80. no fee. // supplyRawInterest must become worth 30. totalSupply must become 110. // supplyExchangePrice would have to go from 1 to 1,5. borrowExchangePrice from 1 to 1,2. // so ratioSupplyYield must come out as 2.5 (250%). // supplyRatio would be (20 * 10_000 / 80) = 2500. but must be inverted. temp_ = (1e27 * FOUR_DECIMALS) / temp_; // e.g. 1e31 / 2500 = 4e27. (* 1e27 for precision) // e.g. 5_000 * (1e27 + 4e27) / 1e27 = 25_000 (=250%). temp_ = // utilization * (100% + 100% / supplyRatio) (((exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_UTILIZATION) & X14) * (1e27 + temp_)) / // extract utilization (max 16_383 so there is no way this can overflow). (FOUR_DECIMALS); // max possible value of temp_ here is 16383 * (1e27 + 1e31) / 1e4 = ~1.64e31 } else { // ratio is supplyInterestFree / supplyWithInterest (supplyWithInterest is bigger) temp_ = temp_ >> 1; // if temp_ == 0 then only supplyWithInterest => full yield. temp_ is already 0 // e.g. 5_000 * 10_000 + (20 * 10_000 / 80) / 10_000 = 5000 * 12500 / 10000 = 6250 (=62.5%). temp_ = // 1e27 * utilization * (100% + supplyRatio) / 100% (1e27 * ((exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_UTILIZATION) & X14) * // extract utilization (max 16_383 so there is no way this can overflow). (FOUR_DECIMALS + temp_)) / (FOUR_DECIMALS * FOUR_DECIMALS); // max possible temp_ value: 1e27 * 16383 * 2e4 / 1e8 = 3.2766e27 } // from here temp_ => ratioSupplyYield (utilization * supplyRatio part) scaled by 1e27. max possible value ~1.64e31 // step2 of ratioSupplyYield: add borrowRatio (only x% of borrowers paying yield) if (borrowRatio_ & 1 == 1) { // ratio is borrowWithInterest / borrowInterestFree (borrowInterestFree is bigger) borrowRatio_ = borrowRatio_ >> 1; // borrowRatio_ => x of total bororwers paying yield. scale to 1e27. // Note: case where borrowRatio_ == 0 (only borrowInterestFree, no yield) already covered // at the beginning of the method by early return if `borrowRatio_ == 1`. // based on above example but borrowRawInterest is 10, borrowInterestFree is 50. no fee. borrowRatio = 20%. // so only 16.66% of borrowers are paying yield. so the 100% - part of the formula is not needed. // x of borrowers paying yield = (borrowRatio / (100 + borrowRatio)) = 16.6666666% // borrowRatio_ => x of total bororwers paying yield. scale to 1e27. borrowRatio_ = (borrowRatio_ * 1e27) / (FOUR_DECIMALS + borrowRatio_); // max value here for borrowRatio_ is (1e31 / (1e4 + 1e4))= 5e26 (= 50% of borrowers paying yield). } else { // ratio is borrowInterestFree / borrowWithInterest (borrowWithInterest is bigger) borrowRatio_ = borrowRatio_ >> 1; // borrowRatio_ => x of total bororwers paying yield. scale to 1e27. // x of borrowers paying yield = 100% - (borrowRatio / (100 + borrowRatio)) = 100% - 16.6666666% = 83,333%. borrowRatio_ = (1e27 - ((borrowRatio_ * 1e27) / (FOUR_DECIMALS + borrowRatio_))); // borrowRatio can never be > 100%. so max subtraction can be 100% - 100% / 200%. // or if borrowRatio_ is 0 -> 100% - 0. or if borrowRatio_ is 1 -> 100% - 1 / 101. // max value here for borrowRatio_ is 1e27 - 0 = 1e27 (= 100% of borrowers paying yield). } // temp_ => ratioSupplyYield. scaled down from 1e25 = 1% each to normal percent precision 1e2 = 1%. // max nominator value is ~1.64e31 * 1e27 = 1.64e58. max result = 1.64e8 temp_ = (FOUR_DECIMALS * temp_ * borrowRatio_) / 1e54; // 2. calculate supply rate // temp_ => supply rate (borrow rate - revenueFee%) * ratioSupplyYield. // division part is done in next step to increase precision. (divided by 2x FOUR_DECIMALS, fee + borrowRate) // Note that all calculation divisions for supplyExchangePrice are rounded down. // Note supply rate can be bigger than the borrowRate, e.g. if there are only few lenders with interest // but more suppliers not earning interest. temp_ = ((exchangePricesAndConfig_ & X16) * // borrow rate temp_ * // ratioSupplyYield (FOUR_DECIMALS - ((exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_FEE) & X14))); // revenueFee // fee can not be > 100%. max possible = 65535 * ~1.64e8 * 1e4 =~1.074774e17. // 3. calculate increase in supply exchange price supplyExchangePrice_ += ((supplyExchangePrice_ * temp_ * secondsSinceLastUpdate_) / (SECONDS_PER_YEAR * FOUR_DECIMALS * FOUR_DECIMALS * FOUR_DECIMALS)); // max possible nominator = max uint 64 * 1.074774e17 * max uint32 = ~8.52e45. Denominator can not be 0. } } /////////////////////////////////////////////////////////////////////////// ////////// CALC REVENUE ///////// /////////////////////////////////////////////////////////////////////////// /// @dev gets the `revenueAmount_` for a token given its' totalAmounts and exchangePricesAndConfig from storage /// and the current balance of the Fluid liquidity contract for the token. /// @param totalAmounts_ total amounts packed uint256 read from storage /// @param exchangePricesAndConfig_ exchange prices and config packed uint256 read from storage /// @param liquidityTokenBalance_ current balance of Liquidity contract (IERC20(token_).balanceOf(address(this))) /// @return revenueAmount_ collectable revenue amount function calcRevenue( uint256 totalAmounts_, uint256 exchangePricesAndConfig_, uint256 liquidityTokenBalance_ ) internal view returns (uint256 revenueAmount_) { // @dev no need to super-optimize this method as it is only used by admin // calculate the new exchange prices based on earned interest (uint256 supplyExchangePrice_, uint256 borrowExchangePrice_) = calcExchangePrices(exchangePricesAndConfig_); // total supply = interest free + with interest converted from raw uint256 totalSupply_ = getTotalSupply(totalAmounts_, supplyExchangePrice_); if (totalSupply_ > 0) { // available revenue: balanceOf(token) + totalBorrowings - totalLendings. revenueAmount_ = liquidityTokenBalance_ + getTotalBorrow(totalAmounts_, borrowExchangePrice_); // ensure there is no possible case because of rounding etc. where this would revert, // explicitly check if > revenueAmount_ = revenueAmount_ > totalSupply_ ? revenueAmount_ - totalSupply_ : 0; // Note: if utilization > 100% (totalSupply < totalBorrow), then all the amount above 100% utilization // can only be revenue. } else { // if supply is 0, then rest of balance can be withdrawn as revenue so that no amounts get stuck revenueAmount_ = liquidityTokenBalance_; } } /////////////////////////////////////////////////////////////////////////// ////////// CALC LIMITS ///////// /////////////////////////////////////////////////////////////////////////// /// @dev calculates withdrawal limit before an operate execution: /// amount of user supply that must stay supplied (not amount that can be withdrawn). /// i.e. if user has supplied 100m and can withdraw 5M, this method returns the 95M, not the withdrawable amount 5M /// @param userSupplyData_ user supply data packed uint256 from storage /// @param userSupply_ current user supply amount already extracted from `userSupplyData_` and converted from BigMath /// @return currentWithdrawalLimit_ current withdrawal limit updated for expansion since last interaction. /// returned value is in raw for with interest mode, normal amount for interest free mode! function calcWithdrawalLimitBeforeOperate( uint256 userSupplyData_, uint256 userSupply_ ) internal view returns (uint256 currentWithdrawalLimit_) { // @dev must support handling the case where timestamp is 0 (config is set but no interactions yet). // first tx where timestamp is 0 will enter `if (lastWithdrawalLimit_ == 0)` because lastWithdrawalLimit_ is not set yet. // returning max withdrawal allowed, which is not exactly right but doesn't matter because the first interaction must be // a deposit anyway. Important is that it would not revert. // Note the first time a deposit brings the user supply amount to above the base withdrawal limit, the active limit // is the fully expanded limit immediately. // extract last set withdrawal limit uint256 lastWithdrawalLimit_ = (userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_PREVIOUS_WITHDRAWAL_LIMIT) & X64; lastWithdrawalLimit_ = (lastWithdrawalLimit_ >> DEFAULT_EXPONENT_SIZE) << (lastWithdrawalLimit_ & DEFAULT_EXPONENT_MASK); if (lastWithdrawalLimit_ == 0) { // withdrawal limit is not activated. Max withdrawal allowed return 0; } uint256 maxWithdrawableLimit_; uint256 temp_; unchecked { // extract max withdrawable percent of user supply and // calculate maximum withdrawable amount expandPercentage of user supply at full expansion duration elapsed // e.g.: if 10% expandPercentage, meaning 10% is withdrawable after full expandDuration has elapsed. // userSupply_ needs to be atleast 1e73 to overflow max limit of ~1e77 in uint256 (no token in existence where this is possible). maxWithdrawableLimit_ = (((userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_EXPAND_PERCENT) & X14) * userSupply_) / FOUR_DECIMALS; // time elapsed since last withdrawal limit was set (in seconds) // @dev last process timestamp is guaranteed to exist for withdrawal, as a supply must have happened before. // last timestamp can not be > current timestamp temp_ = block.timestamp - ((userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_LAST_UPDATE_TIMESTAMP) & X33); } // calculate withdrawable amount of expandPercent that is elapsed of expandDuration. // e.g. if 60% of expandDuration has elapsed, then user should be able to withdraw 6% of user supply, down to 94%. // Note: no explicit check for this needed, it is covered by setting minWithdrawalLimit_ if needed. temp_ = (maxWithdrawableLimit_ * temp_) / // extract expand duration: After this, decrement won't happen (user can withdraw 100% of withdraw limit) ((userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_EXPAND_DURATION) & X24); // expand duration can never be 0 // calculate expanded withdrawal limit: last withdrawal limit - withdrawable amount. // Note: withdrawable amount here can grow bigger than userSupply if timeElapsed is a lot bigger than expandDuration, // which would cause the subtraction `lastWithdrawalLimit_ - withdrawableAmount_` to revert. In that case, set 0 // which will cause minimum (fully expanded) withdrawal limit to be set in lines below. unchecked { // underflow explicitly checked & handled currentWithdrawalLimit_ = lastWithdrawalLimit_ > temp_ ? lastWithdrawalLimit_ - temp_ : 0; // calculate minimum withdrawal limit: minimum amount of user supply that must stay supplied at full expansion. // subtraction can not underflow as maxWithdrawableLimit_ is a percentage amount (<=100%) of userSupply_ temp_ = userSupply_ - maxWithdrawableLimit_; } // if withdrawal limit is decreased below minimum then set minimum // (e.g. when more than expandDuration time has elapsed) if (temp_ > currentWithdrawalLimit_) { currentWithdrawalLimit_ = temp_; } } /// @dev calculates withdrawal limit after an operate execution: /// amount of user supply that must stay supplied (not amount that can be withdrawn). /// i.e. if user has supplied 100m and can withdraw 5M, this method returns the 95M, not the withdrawable amount 5M /// @param userSupplyData_ user supply data packed uint256 from storage /// @param userSupply_ current user supply amount already extracted from `userSupplyData_` and added / subtracted with the executed operate amount /// @param newWithdrawalLimit_ current withdrawal limit updated for expansion since last interaction, result from `calcWithdrawalLimitBeforeOperate` /// @return withdrawalLimit_ updated withdrawal limit that should be written to storage. returned value is in /// raw for with interest mode, normal amount for interest free mode! function calcWithdrawalLimitAfterOperate( uint256 userSupplyData_, uint256 userSupply_, uint256 newWithdrawalLimit_ ) internal pure returns (uint256) { // temp_ => base withdrawal limit. below this, maximum withdrawals are allowed uint256 temp_ = (userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_BASE_WITHDRAWAL_LIMIT) & X18; temp_ = (temp_ >> DEFAULT_EXPONENT_SIZE) << (temp_ & DEFAULT_EXPONENT_MASK); // if user supply is below base limit then max withdrawals are allowed if (userSupply_ < temp_) { return 0; } // temp_ => withdrawal limit expandPercent (is in 1e2 decimals) temp_ = (userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_EXPAND_PERCENT) & X14; unchecked { // temp_ => minimum withdrawal limit: userSupply - max withdrawable limit (userSupply * expandPercent)) // userSupply_ needs to be atleast 1e73 to overflow max limit of ~1e77 in uint256 (no token in existence where this is possible). // subtraction can not underflow as maxWithdrawableLimit_ is a percentage amount (<=100%) of userSupply_ temp_ = userSupply_ - ((userSupply_ * temp_) / FOUR_DECIMALS); } // if new (before operation) withdrawal limit is less than minimum limit then set minimum limit. // e.g. can happen on new deposits. withdrawal limit is instantly fully expanded in a scenario where // increased deposit amount outpaces withrawals. if (temp_ > newWithdrawalLimit_) { return temp_; } return newWithdrawalLimit_; } /// @dev calculates borrow limit before an operate execution: /// total amount user borrow can reach (not borrowable amount in current operation). /// i.e. if user has borrowed 50M and can still borrow 5M, this method returns the total 55M, not the borrowable amount 5M /// @param userBorrowData_ user borrow data packed uint256 from storage /// @param userBorrow_ current user borrow amount already extracted from `userBorrowData_` /// @return currentBorrowLimit_ current borrow limit updated for expansion since last interaction. returned value is in /// raw for with interest mode, normal amount for interest free mode! function calcBorrowLimitBeforeOperate( uint256 userBorrowData_, uint256 userBorrow_ ) internal view returns (uint256 currentBorrowLimit_) { // @dev must support handling the case where timestamp is 0 (config is set but no interactions yet) -> base limit. // first tx where timestamp is 0 will enter `if (maxExpandedBorrowLimit_ < baseBorrowLimit_)` because `userBorrow_` and thus // `maxExpansionLimit_` and thus `maxExpandedBorrowLimit_` is 0 and `baseBorrowLimit_` can not be 0. // temp_ = extract borrow expand percent (is in 1e2 decimals) uint256 temp_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_EXPAND_PERCENT) & X14; uint256 maxExpansionLimit_; uint256 maxExpandedBorrowLimit_; unchecked { // calculate max expansion limit: Max amount limit can expand to since last interaction // userBorrow_ needs to be atleast 1e73 to overflow max limit of ~1e77 in uint256 (no token in existence where this is possible). maxExpansionLimit_ = ((userBorrow_ * temp_) / FOUR_DECIMALS); // calculate max borrow limit: Max point limit can increase to since last interaction maxExpandedBorrowLimit_ = userBorrow_ + maxExpansionLimit_; } // currentBorrowLimit_ = extract base borrow limit currentBorrowLimit_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_BASE_BORROW_LIMIT) & X18; currentBorrowLimit_ = (currentBorrowLimit_ >> DEFAULT_EXPONENT_SIZE) << (currentBorrowLimit_ & DEFAULT_EXPONENT_MASK); if (maxExpandedBorrowLimit_ < currentBorrowLimit_) { return currentBorrowLimit_; } // time elapsed since last borrow limit was set (in seconds) unchecked { // temp_ = timeElapsed_ (last timestamp can not be > current timestamp) temp_ = block.timestamp - ((userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_LAST_UPDATE_TIMESTAMP) & X33); // extract last update timestamp } // currentBorrowLimit_ = expandedBorrowableAmount + extract last set borrow limit currentBorrowLimit_ = // calculate borrow limit expansion since last interaction for `expandPercent` that is elapsed of `expandDuration`. // divisor is extract expand duration (after this, full expansion to expandPercentage happened). ((maxExpansionLimit_ * temp_) / ((userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_EXPAND_DURATION) & X24)) + // expand duration can never be 0 // extract last set borrow limit BigMathMinified.fromBigNumber( (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_PREVIOUS_BORROW_LIMIT) & X64, DEFAULT_EXPONENT_SIZE, DEFAULT_EXPONENT_MASK ); // if timeElapsed is bigger than expandDuration, new borrow limit would be > max expansion, // so set to `maxExpandedBorrowLimit_` in that case. // also covers the case where last process timestamp = 0 (timeElapsed would simply be very big) if (currentBorrowLimit_ > maxExpandedBorrowLimit_) { currentBorrowLimit_ = maxExpandedBorrowLimit_; } // temp_ = extract hard max borrow limit. Above this user can never borrow (not expandable above) temp_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_MAX_BORROW_LIMIT) & X18; temp_ = (temp_ >> DEFAULT_EXPONENT_SIZE) << (temp_ & DEFAULT_EXPONENT_MASK); if (currentBorrowLimit_ > temp_) { currentBorrowLimit_ = temp_; } } /// @dev calculates borrow limit after an operate execution: /// total amount user borrow can reach (not borrowable amount in current operation). /// i.e. if user has borrowed 50M and can still borrow 5M, this method returns the total 55M, not the borrowable amount 5M /// @param userBorrowData_ user borrow data packed uint256 from storage /// @param userBorrow_ current user borrow amount already extracted from `userBorrowData_` and added / subtracted with the executed operate amount /// @param newBorrowLimit_ current borrow limit updated for expansion since last interaction, result from `calcBorrowLimitBeforeOperate` /// @return borrowLimit_ updated borrow limit that should be written to storage. /// returned value is in raw for with interest mode, normal amount for interest free mode! function calcBorrowLimitAfterOperate( uint256 userBorrowData_, uint256 userBorrow_, uint256 newBorrowLimit_ ) internal pure returns (uint256 borrowLimit_) { // temp_ = extract borrow expand percent uint256 temp_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_EXPAND_PERCENT) & X14; // (is in 1e2 decimals) unchecked { // borrowLimit_ = calculate maximum borrow limit at full expansion. // userBorrow_ needs to be at least 1e73 to overflow max limit of ~1e77 in uint256 (no token in existence where this is possible). borrowLimit_ = userBorrow_ + ((userBorrow_ * temp_) / FOUR_DECIMALS); } // temp_ = extract base borrow limit temp_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_BASE_BORROW_LIMIT) & X18; temp_ = (temp_ >> DEFAULT_EXPONENT_SIZE) << (temp_ & DEFAULT_EXPONENT_MASK); if (borrowLimit_ < temp_) { // below base limit, borrow limit is always base limit return temp_; } // temp_ = extract hard max borrow limit. Above this user can never borrow (not expandable above) temp_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_MAX_BORROW_LIMIT) & X18; temp_ = (temp_ >> DEFAULT_EXPONENT_SIZE) << (temp_ & DEFAULT_EXPONENT_MASK); // make sure fully expanded borrow limit is not above hard max borrow limit if (borrowLimit_ > temp_) { borrowLimit_ = temp_; } // if new borrow limit (from before operate) is > max borrow limit, set max borrow limit. // (e.g. on a repay shrinking instantly to fully expanded borrow limit from new borrow amount. shrinking is instant) if (newBorrowLimit_ > borrowLimit_) { return borrowLimit_; } return newBorrowLimit_; } /////////////////////////////////////////////////////////////////////////// ////////// CALC RATES ///////// /////////////////////////////////////////////////////////////////////////// /// @dev Calculates new borrow rate from utilization for a token /// @param rateData_ rate data packed uint256 from storage for the token /// @param utilization_ totalBorrow / totalSupply. 1e4 = 100% utilization /// @return rate_ rate for that particular token in 1e2 precision (e.g. 5% rate = 500) function calcBorrowRateFromUtilization(uint256 rateData_, uint256 utilization_) internal returns (uint256 rate_) { // extract rate version: 4 bits (0xF) starting from bit 0 uint256 rateVersion_ = (rateData_ & 0xF); if (rateVersion_ == 1) { rate_ = calcRateV1(rateData_, utilization_); } else if (rateVersion_ == 2) { rate_ = calcRateV2(rateData_, utilization_); } else { revert FluidLiquidityCalcsError(ErrorTypes.LiquidityCalcs__UnsupportedRateVersion); } if (rate_ > X16) { // hard cap for borrow rate at maximum value 16 bits (65535) to make sure it does not overflow storage space. // this is unlikely to ever happen if configs stay within expected levels. rate_ = X16; // emit event to more easily become aware emit BorrowRateMaxCap(); } } /// @dev calculates the borrow rate based on utilization for rate data version 1 (with one kink) in 1e2 precision /// @param rateData_ rate data packed uint256 from storage for the token /// @param utilization_ in 1e2 (100% = 1e4) /// @return rate_ rate in 1e2 precision function calcRateV1(uint256 rateData_, uint256 utilization_) internal pure returns (uint256 rate_) { /// For rate v1 (one kink) ------------------------------------------------------ /// Next 16 bits => 4 - 19 => Rate at utilization 0% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 20- 35 => Utilization at kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 36- 51 => Rate at utilization kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 52- 67 => Rate at utilization 100% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Last 188 bits => 68-255 => blank, might come in use in future // y = mx + c. // y is borrow rate // x is utilization // m = slope (m can also be negative for declining rates) // c is constant (c can be negative) uint256 y1_; uint256 y2_; uint256 x1_; uint256 x2_; // extract kink1: 16 bits (0xFFFF) starting from bit 20 // kink is in 1e2, same as utilization, so no conversion needed for direct comparison of the two uint256 kink1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V1_UTILIZATION_AT_KINK) & X16; if (utilization_ < kink1_) { // if utilization is less than kink y1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_ZERO) & X16; y2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_KINK) & X16; x1_ = 0; // 0% x2_ = kink1_; } else { // else utilization is greater than kink y1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_KINK) & X16; y2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_MAX) & X16; x1_ = kink1_; x2_ = FOUR_DECIMALS; // 100% } int256 constant_; int256 slope_; unchecked { // calculating slope with twelve decimal precision. m = (y2 - y1) / (x2 - x1). // utilization of x2 can not be <= utilization of x1 (so no underflow or 0 divisor) // y is in 1e2 so can not overflow when multiplied with TWELVE_DECIMALS slope_ = (int256(y2_ - y1_) * int256(TWELVE_DECIMALS)) / int256((x2_ - x1_)); // calculating constant at 12 decimal precision. slope is already in 12 decimal hence only multiple with y1. c = y - mx. // maximum y1_ value is 65535. 65535 * 1e12 can not overflow int256 // maximum slope is 65535 - 0 * TWELVE_DECIMALS / 1 = 65535 * 1e12; // maximum x1_ is 100% (9_999 actually) => slope_ * x1_ can not overflow int256 // subtraction most extreme case would be 0 - max value slope_ * x1_ => can not underflow int256 constant_ = int256(y1_ * TWELVE_DECIMALS) - (slope_ * int256(x1_)); // calculating new borrow rate // - slope_ max value is 65535 * 1e12, // - utilization max value is let's say 500% (extreme case where borrow rate increases borrow amount without new supply) // - constant max value is 65535 * 1e12 // so max values are 65535 * 1e12 * 50_000 + 65535 * 1e12 -> 3.2768*10^21, which easily fits int256 // divisor TWELVE_DECIMALS can not be 0 slope_ = (slope_ * int256(utilization_)) + constant_; // reusing `slope_` as variable for gas savings if (slope_ < 0) { revert FluidLiquidityCalcsError(ErrorTypes.LiquidityCalcs__BorrowRateNegative); } rate_ = uint256(slope_) / TWELVE_DECIMALS; } } /// @dev calculates the borrow rate based on utilization for rate data version 2 (with two kinks) in 1e4 precision /// @param rateData_ rate data packed uint256 from storage for the token /// @param utilization_ in 1e2 (100% = 1e4) /// @return rate_ rate in 1e4 precision function calcRateV2(uint256 rateData_, uint256 utilization_) internal pure returns (uint256 rate_) { /// For rate v2 (two kinks) ----------------------------------------------------- /// Next 16 bits => 4 - 19 => Rate at utilization 0% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 20- 35 => Utilization at kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 36- 51 => Rate at utilization kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 52- 67 => Utilization at kink2 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 68- 83 => Rate at utilization kink2 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 84- 99 => Rate at utilization 100% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Last 156 bits => 100-255 => blank, might come in use in future // y = mx + c. // y is borrow rate // x is utilization // m = slope (m can also be negative for declining rates) // c is constant (c can be negative) uint256 y1_; uint256 y2_; uint256 x1_; uint256 x2_; // extract kink1: 16 bits (0xFFFF) starting from bit 20 // kink is in 1e2, same as utilization, so no conversion needed for direct comparison of the two uint256 kink1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_UTILIZATION_AT_KINK1) & X16; if (utilization_ < kink1_) { // if utilization is less than kink1 y1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_ZERO) & X16; y2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK1) & X16; x1_ = 0; // 0% x2_ = kink1_; } else { // extract kink2: 16 bits (0xFFFF) starting from bit 52 uint256 kink2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_UTILIZATION_AT_KINK2) & X16; if (utilization_ < kink2_) { // if utilization is less than kink2 y1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK1) & X16; y2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK2) & X16; x1_ = kink1_; x2_ = kink2_; } else { // else utilization is greater than kink2 y1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK2) & X16; y2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_MAX) & X16; x1_ = kink2_; x2_ = FOUR_DECIMALS; } } int256 constant_; int256 slope_; unchecked { // calculating slope with twelve decimal precision. m = (y2 - y1) / (x2 - x1). // utilization of x2 can not be <= utilization of x1 (so no underflow or 0 divisor) // y is in 1e2 so can not overflow when multiplied with TWELVE_DECIMALS slope_ = (int256(y2_ - y1_) * int256(TWELVE_DECIMALS)) / int256((x2_ - x1_)); // calculating constant at 12 decimal precision. slope is already in 12 decimal hence only multiple with y1. c = y - mx. // maximum y1_ value is 65535. 65535 * 1e12 can not overflow int256 // maximum slope is 65535 - 0 * TWELVE_DECIMALS / 1 = 65535 * 1e12; // maximum x1_ is 100% (9_999 actually) => slope_ * x1_ can not overflow int256 // subtraction most extreme case would be 0 - max value slope_ * x1_ => can not underflow int256 constant_ = int256(y1_ * TWELVE_DECIMALS) - (slope_ * int256(x1_)); // calculating new borrow rate // - slope_ max value is 65535 * 1e12, // - utilization max value is let's say 500% (extreme case where borrow rate increases borrow amount without new supply) // - constant max value is 65535 * 1e12 // so max values are 65535 * 1e12 * 50_000 + 65535 * 1e12 -> 3.2768*10^21, which easily fits int256 // divisor TWELVE_DECIMALS can not be 0 slope_ = (slope_ * int256(utilization_)) + constant_; // reusing `slope_` as variable for gas savings if (slope_ < 0) { revert FluidLiquidityCalcsError(ErrorTypes.LiquidityCalcs__BorrowRateNegative); } rate_ = uint256(slope_) / TWELVE_DECIMALS; } } /// @dev reads the total supply out of Liquidity packed storage `totalAmounts_` for `supplyExchangePrice_` function getTotalSupply( uint256 totalAmounts_, uint256 supplyExchangePrice_ ) internal pure returns (uint256 totalSupply_) { // totalSupply_ => supplyInterestFree totalSupply_ = (totalAmounts_ >> LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_SUPPLY_INTEREST_FREE) & X64; totalSupply_ = (totalSupply_ >> DEFAULT_EXPONENT_SIZE) << (totalSupply_ & DEFAULT_EXPONENT_MASK); uint256 totalSupplyRaw_ = totalAmounts_ & X64; // no shifting as supplyRaw is first 64 bits totalSupplyRaw_ = (totalSupplyRaw_ >> DEFAULT_EXPONENT_SIZE) << (totalSupplyRaw_ & DEFAULT_EXPONENT_MASK); // totalSupply = supplyInterestFree + supplyRawInterest normalized from raw totalSupply_ += ((totalSupplyRaw_ * supplyExchangePrice_) / EXCHANGE_PRICES_PRECISION); } /// @dev reads the total borrow out of Liquidity packed storage `totalAmounts_` for `borrowExchangePrice_` function getTotalBorrow( uint256 totalAmounts_, uint256 borrowExchangePrice_ ) internal pure returns (uint256 totalBorrow_) { // totalBorrow_ => borrowInterestFree // no & mask needed for borrow interest free as it occupies the last bits in the storage slot totalBorrow_ = (totalAmounts_ >> LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_BORROW_INTEREST_FREE); totalBorrow_ = (totalBorrow_ >> DEFAULT_EXPONENT_SIZE) << (totalBorrow_ & DEFAULT_EXPONENT_MASK); uint256 totalBorrowRaw_ = (totalAmounts_ >> LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_BORROW_WITH_INTEREST) & X64; totalBorrowRaw_ = (totalBorrowRaw_ >> DEFAULT_EXPONENT_SIZE) << (totalBorrowRaw_ & DEFAULT_EXPONENT_MASK); // totalBorrow = borrowInterestFree + borrowRawInterest normalized from raw totalBorrow_ += ((totalBorrowRaw_ * borrowExchangePrice_) / EXCHANGE_PRICES_PRECISION); } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; /// @notice library that helps in reading / working with storage slot data of Fluid Liquidity. /// @dev as all data for Fluid Liquidity is internal, any data must be fetched directly through manual /// slot reading through this library or, if gas usage is less important, through the FluidLiquidityResolver. library LiquiditySlotsLink { /// @dev storage slot for status at Liquidity uint256 internal constant LIQUIDITY_STATUS_SLOT = 1; /// @dev storage slot for auths mapping at Liquidity uint256 internal constant LIQUIDITY_AUTHS_MAPPING_SLOT = 2; /// @dev storage slot for guardians mapping at Liquidity uint256 internal constant LIQUIDITY_GUARDIANS_MAPPING_SLOT = 3; /// @dev storage slot for user class mapping at Liquidity uint256 internal constant LIQUIDITY_USER_CLASS_MAPPING_SLOT = 4; /// @dev storage slot for exchangePricesAndConfig mapping at Liquidity uint256 internal constant LIQUIDITY_EXCHANGE_PRICES_MAPPING_SLOT = 5; /// @dev storage slot for rateData mapping at Liquidity uint256 internal constant LIQUIDITY_RATE_DATA_MAPPING_SLOT = 6; /// @dev storage slot for totalAmounts mapping at Liquidity uint256 internal constant LIQUIDITY_TOTAL_AMOUNTS_MAPPING_SLOT = 7; /// @dev storage slot for user supply double mapping at Liquidity uint256 internal constant LIQUIDITY_USER_SUPPLY_DOUBLE_MAPPING_SLOT = 8; /// @dev storage slot for user borrow double mapping at Liquidity uint256 internal constant LIQUIDITY_USER_BORROW_DOUBLE_MAPPING_SLOT = 9; /// @dev storage slot for listed tokens array at Liquidity uint256 internal constant LIQUIDITY_LISTED_TOKENS_ARRAY_SLOT = 10; /// @dev storage slot for listed tokens array at Liquidity uint256 internal constant LIQUIDITY_CONFIGS2_MAPPING_SLOT = 11; // -------------------------------- // @dev stacked uint256 storage slots bits position data for each: // ExchangePricesAndConfig uint256 internal constant BITS_EXCHANGE_PRICES_BORROW_RATE = 0; uint256 internal constant BITS_EXCHANGE_PRICES_FEE = 16; uint256 internal constant BITS_EXCHANGE_PRICES_UTILIZATION = 30; uint256 internal constant BITS_EXCHANGE_PRICES_UPDATE_THRESHOLD = 44; uint256 internal constant BITS_EXCHANGE_PRICES_LAST_TIMESTAMP = 58; uint256 internal constant BITS_EXCHANGE_PRICES_SUPPLY_EXCHANGE_PRICE = 91; uint256 internal constant BITS_EXCHANGE_PRICES_BORROW_EXCHANGE_PRICE = 155; uint256 internal constant BITS_EXCHANGE_PRICES_SUPPLY_RATIO = 219; uint256 internal constant BITS_EXCHANGE_PRICES_BORROW_RATIO = 234; uint256 internal constant BITS_EXCHANGE_PRICES_USES_CONFIGS2 = 249; // RateData: uint256 internal constant BITS_RATE_DATA_VERSION = 0; // RateData: V1 uint256 internal constant BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_ZERO = 4; uint256 internal constant BITS_RATE_DATA_V1_UTILIZATION_AT_KINK = 20; uint256 internal constant BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_KINK = 36; uint256 internal constant BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_MAX = 52; // RateData: V2 uint256 internal constant BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_ZERO = 4; uint256 internal constant BITS_RATE_DATA_V2_UTILIZATION_AT_KINK1 = 20; uint256 internal constant BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK1 = 36; uint256 internal constant BITS_RATE_DATA_V2_UTILIZATION_AT_KINK2 = 52; uint256 internal constant BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK2 = 68; uint256 internal constant BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_MAX = 84; // TotalAmounts uint256 internal constant BITS_TOTAL_AMOUNTS_SUPPLY_WITH_INTEREST = 0; uint256 internal constant BITS_TOTAL_AMOUNTS_SUPPLY_INTEREST_FREE = 64; uint256 internal constant BITS_TOTAL_AMOUNTS_BORROW_WITH_INTEREST = 128; uint256 internal constant BITS_TOTAL_AMOUNTS_BORROW_INTEREST_FREE = 192; // UserSupplyData uint256 internal constant BITS_USER_SUPPLY_MODE = 0; uint256 internal constant BITS_USER_SUPPLY_AMOUNT = 1; uint256 internal constant BITS_USER_SUPPLY_PREVIOUS_WITHDRAWAL_LIMIT = 65; uint256 internal constant BITS_USER_SUPPLY_LAST_UPDATE_TIMESTAMP = 129; uint256 internal constant BITS_USER_SUPPLY_EXPAND_PERCENT = 162; uint256 internal constant BITS_USER_SUPPLY_EXPAND_DURATION = 176; uint256 internal constant BITS_USER_SUPPLY_BASE_WITHDRAWAL_LIMIT = 200; uint256 internal constant BITS_USER_SUPPLY_IS_PAUSED = 255; // UserBorrowData uint256 internal constant BITS_USER_BORROW_MODE = 0; uint256 internal constant BITS_USER_BORROW_AMOUNT = 1; uint256 internal constant BITS_USER_BORROW_PREVIOUS_BORROW_LIMIT = 65; uint256 internal constant BITS_USER_BORROW_LAST_UPDATE_TIMESTAMP = 129; uint256 internal constant BITS_USER_BORROW_EXPAND_PERCENT = 162; uint256 internal constant BITS_USER_BORROW_EXPAND_DURATION = 176; uint256 internal constant BITS_USER_BORROW_BASE_BORROW_LIMIT = 200; uint256 internal constant BITS_USER_BORROW_MAX_BORROW_LIMIT = 218; uint256 internal constant BITS_USER_BORROW_IS_PAUSED = 255; // Configs2 uint256 internal constant BITS_CONFIGS2_MAX_UTILIZATION = 0; // -------------------------------- /// @notice Calculating the slot ID for Liquidity contract for single mapping at `slot_` for `key_` function calculateMappingStorageSlot(uint256 slot_, address key_) internal pure returns (bytes32) { return keccak256(abi.encode(key_, slot_)); } /// @notice Calculating the slot ID for Liquidity contract for double mapping at `slot_` for `key1_` and `key2_` function calculateDoubleMappingStorageSlot( uint256 slot_, address key1_, address key2_ ) internal pure returns (bytes32) { bytes32 intermediateSlot_ = keccak256(abi.encode(key1_, slot_)); return keccak256(abi.encode(key2_, intermediateSlot_)); } } // SPDX-License-Identifier: MIT OR Apache-2.0 pragma solidity 0.8.21; import { LibsErrorTypes as ErrorTypes } from "./errorTypes.sol"; /// @notice provides minimalistic methods for safe transfers, e.g. ERC20 safeTransferFrom library SafeTransfer { error FluidSafeTransferError(uint256 errorId_); /// @dev Transfer `amount_` of `token_` from `from_` to `to_`, spending the approval given by `from_` to the /// calling contract. If `token_` returns no value, non-reverting calls are assumed to be successful. /// Minimally modified from Solmate SafeTransferLib (address as input param for token, Custom Error): /// https://github.com/transmissions11/solmate/blob/50e15bb566f98b7174da9b0066126a4c3e75e0fd/src/utils/SafeTransferLib.sol#L31-L63 function safeTransferFrom(address token_, address from_, address to_, uint256 amount_) internal { bool success_; /// @solidity memory-safe-assembly assembly { // Get a pointer to some free memory. let freeMemoryPointer := mload(0x40) // Write the abi-encoded calldata into memory, beginning with the function selector. mstore(freeMemoryPointer, 0x23b872dd00000000000000000000000000000000000000000000000000000000) mstore(add(freeMemoryPointer, 4), and(from_, 0xffffffffffffffffffffffffffffffffffffffff)) // Append and mask the "from_" argument. mstore(add(freeMemoryPointer, 36), and(to_, 0xffffffffffffffffffffffffffffffffffffffff)) // Append and mask the "to_" argument. mstore(add(freeMemoryPointer, 68), amount_) // Append the "amount_" argument. Masking not required as it's a full 32 byte type. success_ := and( // Set success to whether the call reverted, if not we check it either // returned exactly 1 (can't just be non-zero data), or had no return data. or(and(eq(mload(0), 1), gt(returndatasize(), 31)), iszero(returndatasize())), // We use 100 because the length of our calldata totals up like so: 4 + 32 * 3. // We use 0 and 32 to copy up to 32 bytes of return data into the scratch space. // Counterintuitively, this call must be positioned second to the or() call in the // surrounding and() call or else returndatasize() will be zero during the computation. call(gas(), token_, 0, freeMemoryPointer, 100, 0, 32) ) } if (!success_) { revert FluidSafeTransferError(ErrorTypes.SafeTransfer__TransferFromFailed); } } /// @dev Transfer `amount_` of `token_` to `to_`. /// If `token_` returns no value, non-reverting calls are assumed to be successful. /// Minimally modified from Solmate SafeTransferLib (address as input param for token, Custom Error): /// https://github.com/transmissions11/solmate/blob/50e15bb566f98b7174da9b0066126a4c3e75e0fd/src/utils/SafeTransferLib.sol#L65-L95 function safeTransfer(address token_, address to_, uint256 amount_) internal { bool success_; /// @solidity memory-safe-assembly assembly { // Get a pointer to some free memory. let freeMemoryPointer := mload(0x40) // Write the abi-encoded calldata into memory, beginning with the function selector. mstore(freeMemoryPointer, 0xa9059cbb00000000000000000000000000000000000000000000000000000000) mstore(add(freeMemoryPointer, 4), and(to_, 0xffffffffffffffffffffffffffffffffffffffff)) // Append and mask the "to_" argument. mstore(add(freeMemoryPointer, 36), amount_) // Append the "amount_" argument. Masking not required as it's a full 32 byte type. success_ := and( // Set success to whether the call reverted, if not we check it either // returned exactly 1 (can't just be non-zero data), or had no return data. or(and(eq(mload(0), 1), gt(returndatasize(), 31)), iszero(returndatasize())), // We use 68 because the length of our calldata totals up like so: 4 + 32 * 2. // We use 0 and 32 to copy up to 32 bytes of return data into the scratch space. // Counterintuitively, this call must be positioned second to the or() call in the // surrounding and() call or else returndatasize() will be zero during the computation. call(gas(), token_, 0, freeMemoryPointer, 68, 0, 32) ) } if (!success_) { revert FluidSafeTransferError(ErrorTypes.SafeTransfer__TransferFailed); } } /// @dev Transfer `amount_` of ` native token to `to_`. /// Minimally modified from Solmate SafeTransferLib (Custom Error): /// https://github.com/transmissions11/solmate/blob/50e15bb566f98b7174da9b0066126a4c3e75e0fd/src/utils/SafeTransferLib.sol#L15-L25 function safeTransferNative(address to_, uint256 amount_) internal { bool success_; /// @solidity memory-safe-assembly assembly { // Transfer the ETH and store if it succeeded or not. success_ := call(gas(), to_, amount_, 0, 0, 0, 0) } if (!success_) { revert FluidSafeTransferError(ErrorTypes.SafeTransfer__TransferFailed); } } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; /// @notice implements a method to read uint256 data from storage at a bytes32 storage slot key. contract StorageRead { function readFromStorage(bytes32 slot_) public view returns (uint256 result_) { assembly { result_ := sload(slot_) // read value from the storage slot } } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; /// @title library that calculates number "tick" and "ratioX96" from this: ratioX96 = (1.0015^tick) * 2^96 /// @notice this library is used in Fluid Vault protocol for optimiziation. /// @dev "tick" supports between -32767 and 32767. "ratioX96" supports between 37075072 and 169307877264527972847801929085841449095838922544595 library TickMath { /// The minimum tick that can be passed in getRatioAtTick. 1.0015**-32767 int24 internal constant MIN_TICK = -32767; /// The maximum tick that can be passed in getRatioAtTick. 1.0015**32767 int24 internal constant MAX_TICK = 32767; uint256 internal constant FACTOR00 = 0x100000000000000000000000000000000; uint256 internal constant FACTOR01 = 0xff9dd7de423466c20352b1246ce4856f; // 2^128/1.0015**1 = 339772707859149738855091969477551883631 uint256 internal constant FACTOR02 = 0xff3bd55f4488ad277531fa1c725a66d0; // 2^128/1.0015**2 = 339263812140938331358054887146831636176 uint256 internal constant FACTOR03 = 0xfe78410fd6498b73cb96a6917f853259; // 2^128/1.0015**4 = 338248306163758188337119769319392490073 uint256 internal constant FACTOR04 = 0xfcf2d9987c9be178ad5bfeffaa123273; // 2^128/1.0015**8 = 336226404141693512316971918999264834163 uint256 internal constant FACTOR05 = 0xf9ef02c4529258b057769680fc6601b3; // 2^128/1.0015**16 = 332218786018727629051611634067491389875 uint256 internal constant FACTOR06 = 0xf402d288133a85a17784a411f7aba082; // 2^128/1.0015**32 = 324346285652234375371948336458280706178 uint256 internal constant FACTOR07 = 0xe895615b5beb6386553757b0352bda90; // 2^128/1.0015**64 = 309156521885964218294057947947195947664 uint256 internal constant FACTOR08 = 0xd34f17a00ffa00a8309940a15930391a; // 2^128/1.0015**128 = 280877777739312896540849703637713172762 uint256 internal constant FACTOR09 = 0xae6b7961714e20548d88ea5123f9a0ff; // 2^128/1.0015**256 = 231843708922198649176471782639349113087 uint256 internal constant FACTOR10 = 0x76d6461f27082d74e0feed3b388c0ca1; // 2^128/1.0015**512 = 157961477267171621126394973980180876449 uint256 internal constant FACTOR11 = 0x372a3bfe0745d8b6b19d985d9a8b85bb; // 2^128/1.0015**1024 = 73326833024599564193373530205717235131 uint256 internal constant FACTOR12 = 0x0be32cbee48979763cf7247dd7bb539d; // 2^128/1.0015**2048 = 15801066890623697521348224657638773661 uint256 internal constant FACTOR13 = 0x8d4f70c9ff4924dac37612d1e2921e; // 2^128/1.0015**4096 = 733725103481409245883800626999235102 uint256 internal constant FACTOR14 = 0x4e009ae5519380809a02ca7aec77; // 2^128/1.0015**8192 = 1582075887005588088019997442108535 uint256 internal constant FACTOR15 = 0x17c45e641b6e95dee056ff10; // 2^128/1.0015**16384 = 7355550435635883087458926352 /// The minimum value that can be returned from getRatioAtTick. Equivalent to getRatioAtTick(MIN_TICK). ~ Equivalent to `(1 << 96) * (1.0015**-32767)` uint256 internal constant MIN_RATIOX96 = 37075072; /// The maximum value that can be returned from getRatioAtTick. Equivalent to getRatioAtTick(MAX_TICK). /// ~ Equivalent to `(1 << 96) * (1.0015**32767)`, rounding etc. leading to minor difference uint256 internal constant MAX_RATIOX96 = 169307877264527972847801929085841449095838922544595; uint256 internal constant ZERO_TICK_SCALED_RATIO = 0x1000000000000000000000000; // 1 << 96 // 79228162514264337593543950336 uint256 internal constant _1E26 = 1e26; /// @notice ratioX96 = (1.0015^tick) * 2^96 /// @dev Throws if |tick| > max tick /// @param tick The input tick for the above formula /// @return ratioX96 ratio = (debt amount/collateral amount) function getRatioAtTick(int tick) internal pure returns (uint256 ratioX96) { assembly { let absTick_ := sub(xor(tick, sar(255, tick)), sar(255, tick)) if gt(absTick_, MAX_TICK) { revert(0, 0) } let factor_ := FACTOR00 if and(absTick_, 0x1) { factor_ := FACTOR01 } if and(absTick_, 0x2) { factor_ := shr(128, mul(factor_, FACTOR02)) } if and(absTick_, 0x4) { factor_ := shr(128, mul(factor_, FACTOR03)) } if and(absTick_, 0x8) { factor_ := shr(128, mul(factor_, FACTOR04)) } if and(absTick_, 0x10) { factor_ := shr(128, mul(factor_, FACTOR05)) } if and(absTick_, 0x20) { factor_ := shr(128, mul(factor_, FACTOR06)) } if and(absTick_, 0x40) { factor_ := shr(128, mul(factor_, FACTOR07)) } if and(absTick_, 0x80) { factor_ := shr(128, mul(factor_, FACTOR08)) } if and(absTick_, 0x100) { factor_ := shr(128, mul(factor_, FACTOR09)) } if and(absTick_, 0x200) { factor_ := shr(128, mul(factor_, FACTOR10)) } if and(absTick_, 0x400) { factor_ := shr(128, mul(factor_, FACTOR11)) } if and(absTick_, 0x800) { factor_ := shr(128, mul(factor_, FACTOR12)) } if and(absTick_, 0x1000) { factor_ := shr(128, mul(factor_, FACTOR13)) } if and(absTick_, 0x2000) { factor_ := shr(128, mul(factor_, FACTOR14)) } if and(absTick_, 0x4000) { factor_ := shr(128, mul(factor_, FACTOR15)) } let precision_ := 0 if iszero(and(tick, 0x8000000000000000000000000000000000000000000000000000000000000000)) { factor_ := div(0xffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff, factor_) // we round up in the division so getTickAtRatio of the output price is always consistent if mod(factor_, 0x100000000) { precision_ := 1 } } ratioX96 := add(shr(32, factor_), precision_) } } /// @notice ratioX96 = (1.0015^tick) * 2^96 /// @dev Throws if ratioX96 > max ratio || ratioX96 < min ratio /// @param ratioX96 The input ratio; ratio = (debt amount/collateral amount) /// @return tick The output tick for the above formula. Returns in round down form. if tick is 123.23 then 123, if tick is -123.23 then returns -124 /// @return perfectRatioX96 perfect ratio for the above tick function getTickAtRatio(uint256 ratioX96) internal pure returns (int tick, uint perfectRatioX96) { assembly { if or(gt(ratioX96, MAX_RATIOX96), lt(ratioX96, MIN_RATIOX96)) { revert(0, 0) } let cond := lt(ratioX96, ZERO_TICK_SCALED_RATIO) let factor_ if iszero(cond) { // if ratioX96 >= ZERO_TICK_SCALED_RATIO factor_ := div(mul(ratioX96, _1E26), ZERO_TICK_SCALED_RATIO) } if cond { // ratioX96 < ZERO_TICK_SCALED_RATIO factor_ := div(mul(ZERO_TICK_SCALED_RATIO, _1E26), ratioX96) } // put in https://www.wolframalpha.com/ whole equation: (1.0015^tick) * 2^96 * 10^26 / 79228162514264337593543950336 // for tick = 16384 // ratioX96 = (1.0015^16384) * 2^96 = 3665252098134783297721995888537077351735 // 3665252098134783297721995888537077351735 * 10^26 / 79228162514264337593543950336 = // 4626198540796508716348404308345255985.06131964639489434655721 if iszero(lt(factor_, 4626198540796508716348404308345255985)) { tick := or(tick, 0x4000) factor_ := div(mul(factor_, _1E26), 4626198540796508716348404308345255985) } // for tick = 8192 // ratioX96 = (1.0015^8192) * 2^96 = 17040868196391020479062776466509865 // 17040868196391020479062776466509865 * 10^26 / 79228162514264337593543950336 = // 21508599537851153911767490449162.3037648642153898377655505172 if iszero(lt(factor_, 21508599537851153911767490449162)) { tick := or(tick, 0x2000) factor_ := div(mul(factor_, _1E26), 21508599537851153911767490449162) } // for tick = 4096 // ratioX96 = (1.0015^4096) * 2^96 = 36743933851015821532611831851150 // 36743933851015821532611831851150 * 10^26 / 79228162514264337593543950336 = // 46377364670549310883002866648.9777607649742626173648716941385 if iszero(lt(factor_, 46377364670549310883002866649)) { tick := or(tick, 0x1000) factor_ := div(mul(factor_, _1E26), 46377364670549310883002866649) } // for tick = 2048 // ratioX96 = (1.0015^2048) * 2^96 = 1706210527034005899209104452335 // 1706210527034005899209104452335 * 10^26 / 79228162514264337593543950336 = // 2153540449365864845468344760.06357108484096046743300420319322 if iszero(lt(factor_, 2153540449365864845468344760)) { tick := or(tick, 0x800) factor_ := div(mul(factor_, _1E26), 2153540449365864845468344760) } // for tick = 1024 // ratioX96 = (1.0015^1024) * 2^96 = 367668226692760093024536487236 // 367668226692760093024536487236 * 10^26 / 79228162514264337593543950336 = // 464062544207767844008185024.950588990554136265212906454481127 if iszero(lt(factor_, 464062544207767844008185025)) { tick := or(tick, 0x400) factor_ := div(mul(factor_, _1E26), 464062544207767844008185025) } // for tick = 512 // ratioX96 = (1.0015^512) * 2^96 = 170674186729409605620119663668 // 170674186729409605620119663668 * 10^26 / 79228162514264337593543950336 = // 215421109505955298802281577.031879604792139232258508172947569 if iszero(lt(factor_, 215421109505955298802281577)) { tick := or(tick, 0x200) factor_ := div(mul(factor_, _1E26), 215421109505955298802281577) } // for tick = 256 // ratioX96 = (1.0015^256) * 2^96 = 116285004205991934861656513301 // 116285004205991934861656513301 * 10^26 / 79228162514264337593543950336 = // 146772309890508740607270614.667650899656438875541505058062410 if iszero(lt(factor_, 146772309890508740607270615)) { tick := or(tick, 0x100) factor_ := div(mul(factor_, _1E26), 146772309890508740607270615) } // for tick = 128 // ratioX96 = (1.0015^128) * 2^96 = 95984619659632141743747099590 // 95984619659632141743747099590 * 10^26 / 79228162514264337593543950336 = // 121149622323187099817270416.157248837742741760456796835775887 if iszero(lt(factor_, 121149622323187099817270416)) { tick := or(tick, 0x80) factor_ := div(mul(factor_, _1E26), 121149622323187099817270416) } // for tick = 64 // ratioX96 = (1.0015^64) * 2^96 = 87204845308406958006717891124 // 87204845308406958006717891124 * 10^26 / 79228162514264337593543950336 = // 110067989135437147685980801.568068573422377364214113968609839 if iszero(lt(factor_, 110067989135437147685980801)) { tick := or(tick, 0x40) factor_ := div(mul(factor_, _1E26), 110067989135437147685980801) } // for tick = 32 // ratioX96 = (1.0015^32) * 2^96 = 83120873769022354029916374475 // 83120873769022354029916374475 * 10^26 / 79228162514264337593543950336 = // 104913292358707887270979599.831816586773651266562785765558183 if iszero(lt(factor_, 104913292358707887270979600)) { tick := or(tick, 0x20) factor_ := div(mul(factor_, _1E26), 104913292358707887270979600) } // for tick = 16 // ratioX96 = (1.0015^16) * 2^96 = 81151180492336368327184716176 // 81151180492336368327184716176 * 10^26 / 79228162514264337593543950336 = // 102427189924701091191840927.762844039579442328381455567932128 if iszero(lt(factor_, 102427189924701091191840928)) { tick := or(tick, 0x10) factor_ := div(mul(factor_, _1E26), 102427189924701091191840928) } // for tick = 8 // ratioX96 = (1.0015^8) * 2^96 = 80183906840906820640659903620 // 80183906840906820640659903620 * 10^26 / 79228162514264337593543950336 = // 101206318935480056907421312.890625 if iszero(lt(factor_, 101206318935480056907421313)) { tick := or(tick, 0x8) factor_ := div(mul(factor_, _1E26), 101206318935480056907421313) } // for tick = 4 // ratioX96 = (1.0015^4) * 2^96 = 79704602139525152702959747603 // 79704602139525152702959747603 * 10^26 / 79228162514264337593543950336 = // 100601351350506250000000000 if iszero(lt(factor_, 100601351350506250000000000)) { tick := or(tick, 0x4) factor_ := div(mul(factor_, _1E26), 100601351350506250000000000) } // for tick = 2 // ratioX96 = (1.0015^2) * 2^96 = 79466025265172787701084167660 // 79466025265172787701084167660 * 10^26 / 79228162514264337593543950336 = // 100300225000000000000000000 if iszero(lt(factor_, 100300225000000000000000000)) { tick := or(tick, 0x2) factor_ := div(mul(factor_, _1E26), 100300225000000000000000000) } // for tick = 1 // ratioX96 = (1.0015^1) * 2^96 = 79347004758035734099934266261 // 79347004758035734099934266261 * 10^26 / 79228162514264337593543950336 = // 100150000000000000000000000 if iszero(lt(factor_, 100150000000000000000000000)) { tick := or(tick, 0x1) factor_ := div(mul(factor_, _1E26), 100150000000000000000000000) } if iszero(cond) { // if ratioX96 >= ZERO_TICK_SCALED_RATIO perfectRatioX96 := div(mul(ratioX96, _1E26), factor_) } if cond { // ratioX96 < ZERO_TICK_SCALED_RATIO tick := not(tick) perfectRatioX96 := div(mul(ratioX96, factor_), 100150000000000000000000000) } // perfect ratio should always be <= ratioX96 // not sure if it can ever be bigger but better to have extra checks if gt(perfectRatioX96, ratioX96) { revert(0, 0) } } } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; abstract contract Structs { struct AddressBool { address addr; bool value; } struct AddressUint256 { address addr; uint256 value; } /// @notice struct to set borrow rate data for version 1 struct RateDataV1Params { /// /// @param token for rate data address token; /// /// @param kink in borrow rate. in 1e2: 100% = 10_000; 1% = 100 /// utilization below kink usually means slow increase in rate, once utilization is above kink borrow rate increases fast uint256 kink; /// /// @param rateAtUtilizationZero desired borrow rate when utilization is zero. in 1e2: 100% = 10_000; 1% = 100 /// i.e. constant minimum borrow rate /// e.g. at utilization = 0.01% rate could still be at least 4% (rateAtUtilizationZero would be 400 then) uint256 rateAtUtilizationZero; /// /// @param rateAtUtilizationKink borrow rate when utilization is at kink. in 1e2: 100% = 10_000; 1% = 100 /// e.g. when rate should be 7% at kink then rateAtUtilizationKink would be 700 uint256 rateAtUtilizationKink; /// /// @param rateAtUtilizationMax borrow rate when utilization is maximum at 100%. in 1e2: 100% = 10_000; 1% = 100 /// e.g. when rate should be 125% at 100% then rateAtUtilizationMax would be 12_500 uint256 rateAtUtilizationMax; } /// @notice struct to set borrow rate data for version 2 struct RateDataV2Params { /// /// @param token for rate data address token; /// /// @param kink1 first kink in borrow rate. in 1e2: 100% = 10_000; 1% = 100 /// utilization below kink 1 usually means slow increase in rate, once utilization is above kink 1 borrow rate increases faster uint256 kink1; /// /// @param kink2 second kink in borrow rate. in 1e2: 100% = 10_000; 1% = 100 /// utilization below kink 2 usually means slow / medium increase in rate, once utilization is above kink 2 borrow rate increases fast uint256 kink2; /// /// @param rateAtUtilizationZero desired borrow rate when utilization is zero. in 1e2: 100% = 10_000; 1% = 100 /// i.e. constant minimum borrow rate /// e.g. at utilization = 0.01% rate could still be at least 4% (rateAtUtilizationZero would be 400 then) uint256 rateAtUtilizationZero; /// /// @param rateAtUtilizationKink1 desired borrow rate when utilization is at first kink. in 1e2: 100% = 10_000; 1% = 100 /// e.g. when rate should be 7% at first kink then rateAtUtilizationKink would be 700 uint256 rateAtUtilizationKink1; /// /// @param rateAtUtilizationKink2 desired borrow rate when utilization is at second kink. in 1e2: 100% = 10_000; 1% = 100 /// e.g. when rate should be 7% at second kink then rateAtUtilizationKink would be 1_200 uint256 rateAtUtilizationKink2; /// /// @param rateAtUtilizationMax desired borrow rate when utilization is maximum at 100%. in 1e2: 100% = 10_000; 1% = 100 /// e.g. when rate should be 125% at 100% then rateAtUtilizationMax would be 12_500 uint256 rateAtUtilizationMax; } /// @notice struct to set token config struct TokenConfig { /// /// @param token address address token; /// /// @param fee charges on borrower's interest. in 1e2: 100% = 10_000; 1% = 100 uint256 fee; /// /// @param threshold on when to update the storage slot. in 1e2: 100% = 10_000; 1% = 100 uint256 threshold; /// /// @param maxUtilization maximum allowed utilization. in 1e2: 100% = 10_000; 1% = 100 /// set to 100% to disable and have default limit of 100% (avoiding SLOAD). uint256 maxUtilization; } /// @notice struct to set user supply & withdrawal config struct UserSupplyConfig { /// /// @param user address address user; /// /// @param token address address token; /// /// @param mode: 0 = without interest. 1 = with interest uint8 mode; /// /// @param expandPercent withdrawal limit expand percent. in 1e2: 100% = 10_000; 1% = 100 /// Also used to calculate rate at which withdrawal limit should decrease (instant). uint256 expandPercent; /// /// @param expandDuration withdrawal limit expand duration in seconds. /// used to calculate rate together with expandPercent uint256 expandDuration; /// /// @param baseWithdrawalLimit base limit, below this, user can withdraw the entire amount. /// amount in raw (to be multiplied with exchange price) or normal depends on configured mode in user config for the token: /// with interest -> raw, without interest -> normal uint256 baseWithdrawalLimit; } /// @notice struct to set user borrow & payback config struct UserBorrowConfig { /// /// @param user address address user; /// /// @param token address address token; /// /// @param mode: 0 = without interest. 1 = with interest uint8 mode; /// /// @param expandPercent debt limit expand percent. in 1e2: 100% = 10_000; 1% = 100 /// Also used to calculate rate at which debt limit should decrease (instant). uint256 expandPercent; /// /// @param expandDuration debt limit expand duration in seconds. /// used to calculate rate together with expandPercent uint256 expandDuration; /// /// @param baseDebtCeiling base borrow limit. until here, borrow limit remains as baseDebtCeiling /// (user can borrow until this point at once without stepped expansion). Above this, automated limit comes in place. /// amount in raw (to be multiplied with exchange price) or normal depends on configured mode in user config for the token: /// with interest -> raw, without interest -> normal uint256 baseDebtCeiling; /// /// @param maxDebtCeiling max borrow ceiling, maximum amount the user can borrow. /// amount in raw (to be multiplied with exchange price) or normal depends on configured mode in user config for the token: /// with interest -> raw, without interest -> normal uint256 maxDebtCeiling; } } //SPDX-License-Identifier: MIT pragma solidity 0.8.21; import { IProxy } from "../../infiniteProxy/interfaces/iProxy.sol"; import { Structs as AdminModuleStructs } from "../adminModule/structs.sol"; interface IFluidLiquidityAdmin { /// @notice adds/removes auths. Auths generally could be contracts which can have restricted actions defined on contract. /// auths can be helpful in reducing governance overhead where it's not needed. /// @param authsStatus_ array of structs setting allowed status for an address. /// status true => add auth, false => remove auth function updateAuths(AdminModuleStructs.AddressBool[] calldata authsStatus_) external; /// @notice adds/removes guardians. Only callable by Governance. /// @param guardiansStatus_ array of structs setting allowed status for an address. /// status true => add guardian, false => remove guardian function updateGuardians(AdminModuleStructs.AddressBool[] calldata guardiansStatus_) external; /// @notice changes the revenue collector address (contract that is sent revenue). Only callable by Governance. /// @param revenueCollector_ new revenue collector address function updateRevenueCollector(address revenueCollector_) external; /// @notice changes current status, e.g. for pausing or unpausing all user operations. Only callable by Auths. /// @param newStatus_ new status /// status = 2 -> pause, status = 1 -> resume. function changeStatus(uint256 newStatus_) external; /// @notice update tokens rate data version 1. Only callable by Auths. /// @param tokensRateData_ array of RateDataV1Params with rate data to set for each token function updateRateDataV1s(AdminModuleStructs.RateDataV1Params[] calldata tokensRateData_) external; /// @notice update tokens rate data version 2. Only callable by Auths. /// @param tokensRateData_ array of RateDataV2Params with rate data to set for each token function updateRateDataV2s(AdminModuleStructs.RateDataV2Params[] calldata tokensRateData_) external; /// @notice updates token configs: fee charge on borrowers interest & storage update utilization threshold. /// Only callable by Auths. /// @param tokenConfigs_ contains token address, fee & utilization threshold function updateTokenConfigs(AdminModuleStructs.TokenConfig[] calldata tokenConfigs_) external; /// @notice updates user classes: 0 is for new protocols, 1 is for established protocols. /// Only callable by Auths. /// @param userClasses_ struct array of uint256 value to assign for each user address function updateUserClasses(AdminModuleStructs.AddressUint256[] calldata userClasses_) external; /// @notice sets user supply configs per token basis. Eg: with interest or interest-free and automated limits. /// Only callable by Auths. /// @param userSupplyConfigs_ struct array containing user supply config, see `UserSupplyConfig` struct for more info function updateUserSupplyConfigs(AdminModuleStructs.UserSupplyConfig[] memory userSupplyConfigs_) external; /// @notice setting user borrow configs per token basis. Eg: with interest or interest-free and automated limits. /// Only callable by Auths. /// @param userBorrowConfigs_ struct array containing user borrow config, see `UserBorrowConfig` struct for more info function updateUserBorrowConfigs(AdminModuleStructs.UserBorrowConfig[] memory userBorrowConfigs_) external; /// @notice pause operations for a particular user in class 0 (class 1 users can't be paused by guardians). /// Only callable by Guardians. /// @param user_ address of user to pause operations for /// @param supplyTokens_ token addresses to pause withdrawals for /// @param borrowTokens_ token addresses to pause borrowings for function pauseUser(address user_, address[] calldata supplyTokens_, address[] calldata borrowTokens_) external; /// @notice unpause operations for a particular user in class 0 (class 1 users can't be paused by guardians). /// Only callable by Guardians. /// @param user_ address of user to unpause operations for /// @param supplyTokens_ token addresses to unpause withdrawals for /// @param borrowTokens_ token addresses to unpause borrowings for function unpauseUser(address user_, address[] calldata supplyTokens_, address[] calldata borrowTokens_) external; /// @notice collects revenue for tokens to configured revenueCollector address. /// @param tokens_ array of tokens to collect revenue for /// @dev Note that this can revert if token balance is < revenueAmount (utilization > 100%) function collectRevenue(address[] calldata tokens_) external; /// @notice gets the current updated exchange prices for n tokens and updates all prices, rates related data in storage. /// @param tokens_ tokens to update exchange prices for /// @return supplyExchangePrices_ new supply rates of overall system for each token /// @return borrowExchangePrices_ new borrow rates of overall system for each token function updateExchangePrices( address[] calldata tokens_ ) external returns (uint256[] memory supplyExchangePrices_, uint256[] memory borrowExchangePrices_); } interface IFluidLiquidityLogic is IFluidLiquidityAdmin { /// @notice Single function which handles supply, withdraw, borrow & payback /// @param token_ address of token (0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE for native) /// @param supplyAmount_ if +ve then supply, if -ve then withdraw, if 0 then nothing /// @param borrowAmount_ if +ve then borrow, if -ve then payback, if 0 then nothing /// @param withdrawTo_ if withdrawal then to which address /// @param borrowTo_ if borrow then to which address /// @param callbackData_ callback data passed to `liquidityCallback` method of protocol /// @return memVar3_ updated supplyExchangePrice /// @return memVar4_ updated borrowExchangePrice /// @dev to trigger skipping in / out transfers when in&out amounts balance themselves out (gas optimization): /// - supply(+) == borrow(+), withdraw(-) == payback(-). /// - `withdrawTo_` / `borrowTo_` must be msg.sender (protocol) /// - `callbackData_` MUST be encoded so that "from" address is at last 20 bytes (if this optimization is desired), /// also for native token operations where liquidityCallback is not triggered! /// from address must come at last position if there is more data. I.e. encode like: /// abi.encode(otherVar1, otherVar2, FROM_ADDRESS). Note dynamic types used with abi.encode come at the end /// so if dynamic types are needed, you must use abi.encodePacked to ensure the from address is at the end. function operate( address token_, int256 supplyAmount_, int256 borrowAmount_, address withdrawTo_, address borrowTo_, bytes calldata callbackData_ ) external payable returns (uint256 memVar3_, uint256 memVar4_); } interface IFluidLiquidity is IProxy, IFluidLiquidityLogic {} // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; import { IFluidOracle } from "./interfaces/iFluidOracle.sol"; /// @title FluidOracle /// @notice Base contract that any Fluid Oracle must implement abstract contract FluidOracle is IFluidOracle { /// @inheritdoc IFluidOracle function getExchangeRate() external view virtual returns (uint256 exchangeRate_); /// @inheritdoc IFluidOracle function getExchangeRateOperate() external view virtual returns (uint256 exchangeRate_); /// @inheritdoc IFluidOracle function getExchangeRateLiquidate() external view virtual returns (uint256 exchangeRate_); } // SPDX-License-Identifier: MIT pragma solidity 0.8.21; interface IFluidOracle { /// @dev Deprecated. Use `getExchangeRateOperate()` and `getExchangeRateLiquidate()` instead. Only implemented for /// backwards compatibility. function getExchangeRate() external view returns (uint256 exchangeRate_); /// @notice Get the `exchangeRate_` between the underlying asset and the peg asset in 1e27 for operates function getExchangeRateOperate() external view returns (uint256 exchangeRate_); /// @notice Get the `exchangeRate_` between the underlying asset and the peg asset in 1e27 for liquidations function getExchangeRateLiquidate() external view returns (uint256 exchangeRate_); } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; contract Error { error FluidVaultError(uint256 errorId_); /// @notice used to simulate liquidation to find the maximum liquidatable amounts error FluidLiquidateResult(uint256 colLiquidated, uint256 debtLiquidated); } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; library ErrorTypes { /***********************************| | Vault Factory | |__________________________________*/ uint256 internal constant VaultFactory__InvalidOperation = 30001; uint256 internal constant VaultFactory__Unauthorized = 30002; uint256 internal constant VaultFactory__SameTokenNotAllowed = 30003; uint256 internal constant VaultFactory__InvalidParams = 30004; uint256 internal constant VaultFactory__InvalidVault = 30005; uint256 internal constant VaultFactory__InvalidVaultAddress = 30006; uint256 internal constant VaultFactory__OnlyDelegateCallAllowed = 30007; /***********************************| | VaultT1 | |__________________________________*/ /// @notice thrown at reentrancy uint256 internal constant VaultT1__AlreadyEntered = 31001; /// @notice thrown when user sends deposit & borrow amount as 0 uint256 internal constant VaultT1__InvalidOperateAmount = 31002; /// @notice thrown when msg.value is not in sync with native token deposit or payback uint256 internal constant VaultT1__InvalidMsgValueOperate = 31003; /// @notice thrown when msg.sender is not the owner of the vault uint256 internal constant VaultT1__NotAnOwner = 31004; /// @notice thrown when user's position does not exist. Sending the wrong index from the frontend uint256 internal constant VaultT1__TickIsEmpty = 31005; /// @notice thrown when the user's position is above CF and the user tries to make it more risky by trying to withdraw or borrow uint256 internal constant VaultT1__PositionAboveCF = 31006; /// @notice thrown when the top tick is not initialized. Happens if the vault is totally new or all the user's left uint256 internal constant VaultT1__TopTickDoesNotExist = 31007; /// @notice thrown when msg.value in liquidate is not in sync payback uint256 internal constant VaultT1__InvalidMsgValueLiquidate = 31008; /// @notice thrown when slippage is more on liquidation than what the liquidator sent uint256 internal constant VaultT1__ExcessSlippageLiquidation = 31009; /// @notice thrown when msg.sender is not the rebalancer/reserve contract uint256 internal constant VaultT1__NotRebalancer = 31010; /// @notice thrown when NFT of one vault interacts with the NFT of other vault uint256 internal constant VaultT1__NftNotOfThisVault = 31011; /// @notice thrown when the token is not initialized on the liquidity contract uint256 internal constant VaultT1__TokenNotInitialized = 31012; /// @notice thrown when admin updates fallback if a non-auth calls vault uint256 internal constant VaultT1__NotAnAuth = 31013; /// @notice thrown in operate when user tries to witdhraw more collateral than deposited uint256 internal constant VaultT1__ExcessCollateralWithdrawal = 31014; /// @notice thrown in operate when user tries to payback more debt than borrowed uint256 internal constant VaultT1__ExcessDebtPayback = 31015; /// @notice thrown when user try to withdrawal more than operate's withdrawal limit uint256 internal constant VaultT1__WithdrawMoreThanOperateLimit = 31016; /// @notice thrown when caller of liquidityCallback is not Liquidity uint256 internal constant VaultT1__InvalidLiquidityCallbackAddress = 31017; /// @notice thrown when reentrancy is not already on uint256 internal constant VaultT1__NotEntered = 31018; /// @notice thrown when someone directly calls secondary implementation contract uint256 internal constant VaultT1__OnlyDelegateCallAllowed = 31019; /// @notice thrown when the safeTransferFrom for a token amount failed uint256 internal constant VaultT1__TransferFromFailed = 31020; /// @notice thrown when exchange price overflows while updating on storage uint256 internal constant VaultT1__ExchangePriceOverFlow = 31021; /// @notice thrown when debt to liquidate amt is sent wrong uint256 internal constant VaultT1__InvalidLiquidationAmt = 31022; /// @notice thrown when user debt or collateral goes above 2**128 or below -2**128 uint256 internal constant VaultT1__UserCollateralDebtExceed = 31023; /// @notice thrown if on liquidation branch debt becomes lower than 100 uint256 internal constant VaultT1__BranchDebtTooLow = 31024; /// @notice thrown when tick's debt is less than 10000 uint256 internal constant VaultT1__TickDebtTooLow = 31025; /// @notice thrown when the received new liquidity exchange price is of unexpected value (< than the old one) uint256 internal constant VaultT1__LiquidityExchangePriceUnexpected = 31026; /// @notice thrown when user's debt is less than 10000 uint256 internal constant VaultT1__UserDebtTooLow = 31027; /// @notice thrown when on only payback and only deposit the ratio of position increases uint256 internal constant VaultT1__InvalidPaybackOrDeposit = 31028; /// @notice thrown when liquidation just happens of a single partial or when there's nothing to liquidate uint256 internal constant VaultT1__InvalidLiquidation = 31029; /// @notice thrown when msg.value is sent wrong in rebalance uint256 internal constant VaultT1__InvalidMsgValueInRebalance = 31030; /// @notice thrown when nothing rebalanced uint256 internal constant VaultT1__NothingToRebalance = 31031; /// @notice thrown on unforseen liquidation scenarios. Might never come in use. uint256 internal constant VaultT1__LiquidationReverts = 31032; /// @notice thrown when oracle price is > 1e54 uint256 internal constant VaultT1__InvalidOraclePrice = 31033; /***********************************| | ERC721 | |__________________________________*/ uint256 internal constant ERC721__InvalidParams = 32001; uint256 internal constant ERC721__Unauthorized = 32002; uint256 internal constant ERC721__InvalidOperation = 32003; uint256 internal constant ERC721__UnsafeRecipient = 32004; uint256 internal constant ERC721__OutOfBoundsIndex = 32005; /***********************************| | Vault Admin | |__________________________________*/ /// @notice thrown when admin tries to setup invalid value which are crossing limits uint256 internal constant VaultT1Admin__ValueAboveLimit = 33001; /// @notice when someone directly calls admin implementation contract uint256 internal constant VaultT1Admin__OnlyDelegateCallAllowed = 33002; /// @notice thrown when auth sends NFT ID as 0 while collecting dust debt uint256 internal constant VaultT1Admin__NftIdShouldBeNonZero = 33003; /// @notice thrown when trying to collect dust debt of NFT which is not of this vault uint256 internal constant VaultT1Admin__NftNotOfThisVault = 33004; /// @notice thrown when dust debt of NFT is 0, meaning nothing to collect uint256 internal constant VaultT1Admin__DustDebtIsZero = 33005; /// @notice thrown when final debt after liquidation is not 0, meaning position 100% liquidated uint256 internal constant VaultT1Admin__FinalDebtShouldBeZero = 33006; /// @notice thrown when NFT is not liquidated state uint256 internal constant VaultT1Admin__NftNotLiquidated = 33007; /// @notice thrown when total absorbed dust debt is 0 uint256 internal constant VaultT1Admin__AbsorbedDustDebtIsZero = 33008; /// @notice thrown when address is set as 0 uint256 internal constant VaultT1Admin__AddressZeroNotAllowed = 33009; /***********************************| | Vault Rewards | |__________________________________*/ uint256 internal constant VaultRewards__Unauthorized = 34001; uint256 internal constant VaultRewards__AddressZero = 34002; uint256 internal constant VaultRewards__InvalidParams = 34003; uint256 internal constant VaultRewards__NewMagnifierSameAsOldMagnifier = 34004; uint256 internal constant VaultRewards__NotTheInitiator = 34005; uint256 internal constant VaultRewards__AlreadyStarted = 34006; uint256 internal constant VaultRewards__RewardsNotStartedOrEnded = 34007; } //SPDX-License-Identifier: MIT pragma solidity 0.8.21; import { IERC721Enumerable } from "@openzeppelin/contracts/token/ERC721/extensions/IERC721Enumerable.sol"; interface IFluidVaultFactory is IERC721Enumerable { /// @notice Minting an NFT Vault for the user function mint(uint256 vaultId_, address user_) external returns (uint256 tokenId_); /// @notice returns owner of Vault which is also an NFT function ownerOf(uint256 tokenId) external view returns (address owner); /// @notice Global auth is auth for all vaults function isGlobalAuth(address auth_) external view returns (bool); /// @notice Vault auth is auth for a specific vault function isVaultAuth(address vault_, address auth_) external view returns (bool); /// @notice Total vaults deployed. function totalVaults() external view returns (uint256); /// @notice Compute vaultAddress function getVaultAddress(uint256 vaultId) external view returns (address); /// @notice read uint256 `result_` for a storage `slot_` key function readFromStorage(bytes32 slot_) external view returns (uint256 result_); } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; contract Variables { /***********************************| | Storage Variables | |__________________________________*/ /// note: in all variables. For tick >= 0 are represented with bit as 1, tick < 0 are represented with bit as 0 /// note: read all the variables through storageRead.sol /// note: vaultVariables contains vault variables which need regular updates through transactions /// First 1 bit => 0 => re-entrancy. If 0 then allow transaction to go, else throw. /// Next 1 bit => 1 => Is the current active branch liquidated? If true then check the branch's minima tick before creating a new position /// If the new tick is greater than minima tick then initialize a new branch, make that as current branch & do proper linking /// Next 1 bit => 2 => sign of topmost tick (0 -> negative; 1 -> positive) /// Next 19 bits => 3-21 => absolute value of topmost tick /// Next 30 bits => 22-51 => current branch ID /// Next 30 bits => 52-81 => total branch ID /// Next 64 bits => 82-145 => Total supply /// Next 64 bits => 146-209 => Total borrow /// Next 32 bits => 210-241 => Total positions uint256 internal vaultVariables; /// note: vaultVariables2 contains variables which do not update on every transaction. So mainly admin/auth set amount /// First 16 bits => 0-15 => supply rate magnifier; 10000 = 1x (Here 16 bits should be more than enough) /// Next 16 bits => 16-31 => borrow rate magnifier; 10000 = 1x (Here 16 bits should be more than enough) /// Next 10 bits => 32-41 => collateral factor. 800 = 0.8 = 80% (max precision of 0.1%) /// Next 10 bits => 42-51 => liquidation Threshold. 900 = 0.9 = 90% (max precision of 0.1%) /// Next 10 bits => 52-61 => liquidation Max Limit. 950 = 0.95 = 95% (max precision of 0.1%) (above this 100% liquidation can happen) /// Next 10 bits => 62-71 => withdraw gap. 100 = 0.1 = 10%. (max precision of 0.1%) (max 7 bits can also suffice for the requirement here of 0.1% to 10%). Needed to save some limits on withdrawals so liquidate can work seamlessly. /// Next 10 bits => 72-81 => liquidation penalty. 100 = 0.01 = 1%. (max precision of 0.01%) (max liquidation penantly can be 10.23%). Applies when tick is in between liquidation Threshold & liquidation Max Limit. /// Next 10 bits => 82-91 => borrow fee. 100 = 0.01 = 1%. (max precision of 0.01%) (max borrow fee can be 10.23%). Fees on borrow. /// Next 4 bits => 92-95 => empty /// Next 160 bits => 96-255 => Oracle address uint256 internal vaultVariables2; /// note: stores absorbed liquidity /// First 128 bits raw debt amount /// last 128 bits raw col amount uint256 internal absorbedLiquidity; /// position index => position data uint /// if the entire variable is 0 (meaning not initialized) at the start that means no position at all /// First 1 bit => 0 => position type (0 => borrow position; 1 => supply position) /// Next 1 bit => 1 => sign of user's tick (0 => negative; 1 => positive) /// Next 19 bits => 2-20 => absolute value of user's tick /// Next 24 bits => 21-44 => user's tick's id /// Below we are storing user's collateral & not debt, because the position can also be only collateral with no tick but it can never be only debt /// Next 64 bits => 45-108 => user's supply amount. Debt will be calculated through supply & ratio. /// Next 64 bits => 109-172 => user's dust debt amount. User's net debt = total debt - dust amount. Total debt is calculated through supply & ratio /// User won't pay any extra interest on dust debt & hence we will not show it as a debt on UI. For user's there's no dust. mapping(uint256 => uint256) internal positionData; /// Tick has debt only keeps data of non liquidated positions. liquidated tick's data stays in branch itself /// tick parent => uint (represents bool for 256 children) /// parent of (i)th tick:- /// if (i>=0) (i / 256); /// else ((i + 1) / 256) - 1 /// first bit of the variable is the smallest tick & last bit is the biggest tick of that slot mapping(int256 => uint256) internal tickHasDebt; /// mapping tickId => tickData /// Tick related data. Total debt & other things /// First bit => 0 => If 1 then liquidated else not liquidated /// Next 24 bits => 1-24 => Total IDs. ID should start from 1. /// If not liquidated: /// Next 64 bits => 25-88 => raw debt /// If liquidated /// The below 3 things are of last ID. This is to be updated when user creates a new position /// Next 1 bit => 25 => Is 100% liquidated? If this is 1 meaning it was above max tick when it got liquidated (100% liquidated) /// Next 30 bits => 26-55 => branch ID where this tick got liquidated /// Next 50 bits => 56-105 => debt factor 50 bits (35 bits coefficient | 15 bits expansion) mapping(int256 => uint256) internal tickData; /// tick id => previous tick id liquidation data. ID starts from 1 /// One tick ID contains 3 IDs of 80 bits in it, holding liquidation data of previously active but liquidated ticks /// 81 bits data below /// #### First 85 bits #### /// 1st bit => 0 => Is 100% liquidated? If this is 1 meaning it was above max tick when it got liquidated /// Next 30 bits => 1-30 => branch ID where this tick got liquidated /// Next 50 bits => 31-80 => debt factor 50 bits (35 bits coefficient | 15 bits expansion) /// #### Second 85 bits #### /// 85th bit => 85 => Is 100% liquidated? If this is 1 meaning it was above max tick when it got liquidated /// Next 30 bits => 86-115 => branch ID where this tick got liquidated /// Next 50 bits => 116-165 => debt factor 50 bits (35 bits coefficient | 15 bits expansion) /// #### Third 85 bits #### /// 170th bit => 170 => Is 100% liquidated? If this is 1 meaning it was above max tick when it got liquidated /// Next 30 bits => 171-200 => branch ID where this tick got liquidated /// Next 50 bits => 201-250 => debt factor 50 bits (35 bits coefficient | 15 bits expansion) mapping(int256 => mapping(uint256 => uint256)) internal tickId; /// mapping branchId => branchData /// First 2 bits => 0-1 => if 0 then not liquidated, if 1 then liquidated, if 2 then merged, if 3 then closed /// merged means the branch is merged into it's base branch /// closed means all the users are 100% liquidated /// Next 1 bit => 2 => minima tick sign of this branch. Will only be there if any liquidation happened. /// Next 19 bits => 3-21 => minima tick of this branch. Will only be there if any liquidation happened. /// Next 30 bits => 22-51 => Partials of minima tick of branch this is connected to. 0 if master branch. /// Next 64 bits => 52-115 Debt liquidity at this branch. Similar to last's top tick data. Remaining debt will move here from tickData after first liquidation /// If not merged /// Next 50 bits => 116-165 => Debt factor or of this branch. (35 bits coefficient | 15 bits expansion) /// If merged /// Next 50 bits => 116-165 => Connection/adjustment debt factor of this branch with the next branch. /// If closed /// Next 50 bits => 116-165 => Debt factor as 0. As all the user's positions are now fully gone /// following values are present always again (merged / not merged / closed) /// Next 30 bits => 166-195 => Branch's ID with which this branch is connected. If 0 then that means this is the master branch /// Next 1 bit => 196 => sign of minima tick of branch this is connected to. 0 if master branch. /// Next 19 bits => 197-215 => minima tick of branch this is connected to. 0 if master branch. mapping(uint256 => uint256) internal branchData; /// Exchange prices are in 1e12 /// First 64 bits => 0-63 => Liquidity's collateral token supply exchange price /// First 64 bits => 64-127 => Liquidity's debt token borrow exchange price /// First 64 bits => 128-191 => Vault's collateral token supply exchange price /// First 64 bits => 192-255 => Vault's debt token borrow exchange price uint256 internal rates; /// address of rebalancer address internal rebalancer; uint256 internal absorbedDustDebt; } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; import { IFluidVaultFactory } from "../../interfaces/iVaultFactory.sol"; import { IFluidLiquidity } from "../../../../liquidity/interfaces/iLiquidity.sol"; import { StorageRead } from "../../../../libraries/storageRead.sol"; import { Structs } from "./structs.sol"; interface TokenInterface { function decimals() external view returns (uint8); } contract ConstantVariables is StorageRead, Structs { /***********************************| | Constant Variables | |__________________________________*/ address internal constant NATIVE_TOKEN = 0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE; /// @dev collateral token address address internal immutable SUPPLY_TOKEN; /// @dev borrow token address address internal immutable BORROW_TOKEN; /// @dev Token decimals. For example wETH is 18 decimals uint8 internal immutable SUPPLY_DECIMALS; /// @dev Token decimals. For example USDC is 6 decimals uint8 internal immutable BORROW_DECIMALS; /// @dev VaultT1 AdminModule implemenation address address internal immutable ADMIN_IMPLEMENTATION; /// @dev VaultT1 Secondary implemenation (main2.sol) address address internal immutable SECONDARY_IMPLEMENTATION; /// @dev liquidity proxy contract address IFluidLiquidity public immutable LIQUIDITY; /// @dev vault factory contract address IFluidVaultFactory public immutable VAULT_FACTORY; uint public immutable VAULT_ID; uint internal constant X8 = 0xff; uint internal constant X10 = 0x3ff; uint internal constant X16 = 0xffff; uint internal constant X19 = 0x7ffff; uint internal constant X20 = 0xfffff; uint internal constant X24 = 0xffffff; uint internal constant X25 = 0x1ffffff; uint internal constant X30 = 0x3fffffff; uint internal constant X35 = 0x7ffffffff; uint internal constant X50 = 0x3ffffffffffff; uint internal constant X64 = 0xffffffffffffffff; uint internal constant X96 = 0xffffffffffffffffffffffff; uint internal constant X128 = 0xffffffffffffffffffffffffffffffff; uint256 internal constant EXCHANGE_PRICES_PRECISION = 1e12; /// @dev slot ids in Liquidity contract. Helps in low gas fetch from liquidity contract by skipping delegate call bytes32 internal immutable LIQUIDITY_SUPPLY_EXCHANGE_PRICE_SLOT; bytes32 internal immutable LIQUIDITY_BORROW_EXCHANGE_PRICE_SLOT; bytes32 internal immutable LIQUIDITY_USER_SUPPLY_SLOT; bytes32 internal immutable LIQUIDITY_USER_BORROW_SLOT; /// @notice returns all Vault constants function constantsView() external view returns (ConstantViews memory constantsView_) { constantsView_.liquidity = address(LIQUIDITY); constantsView_.factory = address(VAULT_FACTORY); constantsView_.adminImplementation = ADMIN_IMPLEMENTATION; constantsView_.secondaryImplementation = SECONDARY_IMPLEMENTATION; constantsView_.supplyToken = SUPPLY_TOKEN; constantsView_.borrowToken = BORROW_TOKEN; constantsView_.supplyDecimals = SUPPLY_DECIMALS; constantsView_.borrowDecimals = BORROW_DECIMALS; constantsView_.vaultId = VAULT_ID; constantsView_.liquiditySupplyExchangePriceSlot = LIQUIDITY_SUPPLY_EXCHANGE_PRICE_SLOT; constantsView_.liquidityBorrowExchangePriceSlot = LIQUIDITY_BORROW_EXCHANGE_PRICE_SLOT; constantsView_.liquidityUserSupplySlot = LIQUIDITY_USER_SUPPLY_SLOT; constantsView_.liquidityUserBorrowSlot = LIQUIDITY_USER_BORROW_SLOT; } constructor(ConstantViews memory constants_) { LIQUIDITY = IFluidLiquidity(constants_.liquidity); VAULT_FACTORY = IFluidVaultFactory(constants_.factory); VAULT_ID = constants_.vaultId; SUPPLY_TOKEN = constants_.supplyToken; BORROW_TOKEN = constants_.borrowToken; SUPPLY_DECIMALS = constants_.supplyDecimals; BORROW_DECIMALS = constants_.borrowDecimals; // @dev those slots are calculated in the deploymentLogics / VaultFactory LIQUIDITY_SUPPLY_EXCHANGE_PRICE_SLOT = constants_.liquiditySupplyExchangePriceSlot; LIQUIDITY_BORROW_EXCHANGE_PRICE_SLOT = constants_.liquidityBorrowExchangePriceSlot; LIQUIDITY_USER_SUPPLY_SLOT = constants_.liquidityUserSupplySlot; LIQUIDITY_USER_BORROW_SLOT = constants_.liquidityUserBorrowSlot; ADMIN_IMPLEMENTATION = constants_.adminImplementation; SECONDARY_IMPLEMENTATION = constants_.secondaryImplementation; } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; contract Events { /// @notice emitted when an operate() method is executed that changes collateral (`colAmt_`) / debt (debtAmt_`) /// amount for a `user_` position with `nftId_`. Receiver of any funds is the address `to_`. event LogOperate(address user_, uint256 nftId_, int256 colAmt_, int256 debtAmt_, address to_); /// @notice emitted when the exchange prices are updated in storage. event LogUpdateExchangePrice(uint256 supplyExPrice_, uint256 borrowExPrice_); /// @notice emitted when a liquidation has been executed. event LogLiquidate(address liquidator_, uint256 colAmt_, uint256 debtAmt_, address to_); /// @notice emitted when `absorb()` was executed to absorb bad debt. event LogAbsorb(uint colAbsorbedRaw_, uint debtAbsorbedRaw_); /// @notice emitted when a `rebalance()` has been executed, balancing out total supply / borrow between Vault /// and Fluid Liquidity pools. /// if `colAmt_` is positive then loss, meaning transfer from rebalancer address to vault and deposit. /// if `colAmt_` is negative then profit, meaning withdrawn from vault and sent to rebalancer address. /// if `debtAmt_` is positive then profit, meaning borrow from vault and sent to rebalancer address. /// if `debtAmt_` is negative then loss, meaning transfer from rebalancer address to vault and payback. event LogRebalance(int colAmt_, int debtAmt_); } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; import { Variables } from "../common/variables.sol"; import { ConstantVariables } from "./constantVariables.sol"; import { Events } from "./events.sol"; import { TickMath } from "../../../../libraries/tickMath.sol"; import { BigMathMinified } from "../../../../libraries/bigMathMinified.sol"; import { BigMathVault } from "../../../../libraries/bigMathVault.sol"; import { LiquidityCalcs } from "../../../../libraries/liquidityCalcs.sol"; import { ErrorTypes } from "../../errorTypes.sol"; import { Error } from "../../error.sol"; /// @dev Fluid vault protocol helper methods. Mostly used for `operate()` and `liquidate()` methods of CoreModule. abstract contract Helpers is Variables, ConstantVariables, Events, Error { using BigMathMinified for uint256; using BigMathVault for uint256; /// @notice Calculates new vault exchange prices. Does not update values in storage. /// @param vaultVariables2_ exactly same as vaultVariables2 from storage /// @return liqSupplyExPrice_ latest liquidity's supply token supply exchange price /// @return liqBorrowExPrice_ latest liquidity's borrow token borrow exchange price /// @return vaultSupplyExPrice_ latest vault's supply token exchange price /// @return vaultBorrowExPrice_ latest vault's borrow token exchange price function updateExchangePrices( uint256 vaultVariables2_ ) public view returns ( uint256 liqSupplyExPrice_, uint256 liqBorrowExPrice_, uint256 vaultSupplyExPrice_, uint256 vaultBorrowExPrice_ ) { // Fetching last stored rates uint rates_ = rates; (liqSupplyExPrice_, ) = LiquidityCalcs.calcExchangePrices( LIQUIDITY.readFromStorage(LIQUIDITY_SUPPLY_EXCHANGE_PRICE_SLOT) ); (, liqBorrowExPrice_) = LiquidityCalcs.calcExchangePrices( LIQUIDITY.readFromStorage(LIQUIDITY_BORROW_EXCHANGE_PRICE_SLOT) ); uint256 oldLiqSupplyExPrice_ = (rates_ & X64); uint256 oldLiqBorrowExPrice_ = ((rates_ >> 64) & X64); if (liqSupplyExPrice_ < oldLiqSupplyExPrice_ || liqBorrowExPrice_ < oldLiqBorrowExPrice_) { // new liquidity exchange price is < than the old one. liquidity exchange price should only ever increase. // If not, something went wrong and avoid proceeding with unknown outcome. revert FluidVaultError(ErrorTypes.VaultT1__LiquidityExchangePriceUnexpected); } // liquidity Exchange Prices always increases in next block. Hence substraction with old will never be negative // uint64 * 1e18 is the max the number that could be unchecked { // Calculating increase in supply exchange price w.r.t last stored liquidity's exchange price // vaultSupplyExPrice_ => supplyIncreaseInPercent_ vaultSupplyExPrice_ = ((((liqSupplyExPrice_ * 1e18) / oldLiqSupplyExPrice_) - 1e18) * (vaultVariables2_ & X16)) / 10000; // supply rate magnifier // Calculating increase in borrow exchange price w.r.t last stored liquidity's exchange price // vaultBorrowExPrice_ => borrowIncreaseInPercent_ vaultBorrowExPrice_ = ((((liqBorrowExPrice_ * 1e18) / oldLiqBorrowExPrice_) - 1e18) * ((vaultVariables2_ >> 16) & X16)) / 10000; // borrow rate magnifier // It's extremely hard the exchange prices to overflow even in 100 years but if it does it's not an // issue here as we are not updating on storage // (rates_ >> 128) & X64) -> last stored vault's supply token exchange price vaultSupplyExPrice_ = (((rates_ >> 128) & X64) * (1e18 + vaultSupplyExPrice_)) / 1e18; // (rates_ >> 192) -> last stored vault's borrow token exchange price (no need to mask with & X64 as it is anyway max 64 bits) vaultBorrowExPrice_ = ((rates_ >> 192) * (1e18 + vaultBorrowExPrice_)) / 1e18; } } /// note admin module is also calling this function self call /// @dev updating exchange price on storage. Only need to update on storage when changing supply or borrow magnifier function updateExchangePricesOnStorage() public returns ( uint256 liqSupplyExPrice_, uint256 liqBorrowExPrice_, uint256 vaultSupplyExPrice_, uint256 vaultBorrowExPrice_ ) { (liqSupplyExPrice_, liqBorrowExPrice_, vaultSupplyExPrice_, vaultBorrowExPrice_) = updateExchangePrices( vaultVariables2 ); if ( liqSupplyExPrice_ > X64 || liqBorrowExPrice_ > X64 || vaultSupplyExPrice_ > X64 || vaultBorrowExPrice_ > X64 ) { revert FluidVaultError(ErrorTypes.VaultT1__ExchangePriceOverFlow); } // Updating in storage rates = liqSupplyExPrice_ | (liqBorrowExPrice_ << 64) | (vaultSupplyExPrice_ << 128) | (vaultBorrowExPrice_ << 192); emit LogUpdateExchangePrice(vaultSupplyExPrice_, vaultBorrowExPrice_); } /// @dev fetches new user's position after liquidation. The new liquidated position's debt is decreased by 0.01% /// to make sure that branch's liquidity never becomes 0 as if it would have gotten 0 then there will be multiple cases that we would need to tackle. /// @param positionTick_ position's tick when it was last updated through operate /// @param positionTickId_ position's tick Id. This stores the debt factor and branch to make the first connection /// @param positionRawDebt_ position's raw debt when it was last updated through operate /// @param tickData_ position's tick's tickData just for minor comparison to know if data is moved to tick Id or is still in tick data /// @return final tick position after all the liquidation /// @return final debt of position after all the liquidation /// @return positionRawCol_ final collateral of position after all the liquidation /// @return branchId_ final branch's ID where the position is at currently /// @return branchData_ final branch's data where the position is at currently function fetchLatestPosition( int256 positionTick_, uint256 positionTickId_, uint256 positionRawDebt_, uint256 tickData_ ) public view returns ( int256, // positionTick_ uint256, // positionRawDebt_ uint256 positionRawCol_, uint256 branchId_, uint256 branchData_ ) { uint256 initialPositionRawDebt_ = positionRawDebt_; uint256 connectionFactor_; bool isFullyLiquidated_; // Checking if tick's total ID = user's tick ID if (((tickData_ >> 1) & X24) == positionTickId_) { // fetching from tick data itself isFullyLiquidated_ = ((tickData_ >> 25) & 1) == 1; branchId_ = (tickData_ >> 26) & X30; connectionFactor_ = (tickData_ >> 56) & X50; } else { { uint256 tickLiquidationData_; unchecked { // Fetching tick's liquidation data. One variable contains data of 3 IDs. Tick Id mapping is starting from 1. tickLiquidationData_ = tickId[positionTick_][(positionTickId_ + 2) / 3] >> (((positionTickId_ + 2) % 3) * 85); } isFullyLiquidated_ = (tickLiquidationData_ & 1) == 1; branchId_ = (tickLiquidationData_ >> 1) & X30; connectionFactor_ = (tickLiquidationData_ >> 31) & X50; } } // data of branch branchData_ = branchData[branchId_]; if (isFullyLiquidated_) { positionTick_ = type(int).min; positionRawDebt_ = 0; } else { // Below information about connection debt factor // If branch is merged, Connection debt factor is used to multiply in order to get perfect liquidation of user // For example: Considering user was at the top. // In first branch, the user liquidated to debt factor 0.5 and then branch got merged (branching starting from 1) // In second branch, it got liquidated to 0.4 but when the above branch merged the debt factor on this branch was 0.6 // Meaning on 1st branch, user got liquidated by 50% & on 2nd by 33.33%. So a total of 66.6%. // What we will set a connection factor will be 0.6/0.5 = 1.2 // So now to get user's position, this is what we'll do: // finalDebt = (0.4 / (1 * 1.2)) * debtBeforeLiquidation // 0.4 is current active branch's minima debt factor // 1 is debt factor from where user started // 1.2 is connection factor which we found out through 0.6 / 0.5 while ((branchData_ & 3) == 2) { // If true then the branch is merged // userTickDebtFactor * connectionDebtFactor *... connectionDebtFactor aka adjustmentDebtFactor connectionFactor_ = connectionFactor_.mulBigNumber(((branchData_ >> 116) & X50)); if (connectionFactor_ == BigMathVault.MAX_MASK_DEBT_FACTOR) break; // user ~100% liquidated // Note we don't need updated branch data in case of 100% liquidated so saving gas for fetching it // Fetching new branch data branchId_ = (branchData_ >> 166) & X30; // Link to base branch of current branch branchData_ = branchData[branchId_]; } // When the while loop breaks meaning the branch now has minima Debt Factor or is a closed branch; if (((branchData_ & 3) == 3) || (connectionFactor_ == BigMathVault.MAX_MASK_DEBT_FACTOR)) { // Branch got closed (or user liquidated ~100%). Hence make the user's position 0 // Rare cases to get into this situation // Branch can get close often but once closed it's tricky that some user might come iterating through there // If a user comes then that user will be very mini user like some cents probably positionTick_ = type(int).min; positionRawDebt_ = 0; } else { // If branch is not merged, the main branch it's connected to then it'll have minima debt factor // position debt = debt * base branch minimaDebtFactor / connectionFactor positionRawDebt_ = positionRawDebt_.mulDivNormal( (branchData_ >> 116) & X50, // minimaDebtFactor connectionFactor_ ); unchecked { // Reducing user's liquidity by 0.01% if user got liquidated. // As this will make sure that the branch always have some debt even if all liquidated user left // This saves a lot more logics & consideration on Operate function // if we don't do this then we have to add logics related to closing the branch and factor connections accordingly. if (positionRawDebt_ > (initialPositionRawDebt_ / 100)) { positionRawDebt_ = (positionRawDebt_ * 9999) / 10000; } else { // if user debt reduced by more than 99% in liquidation then making user as fully liquidated positionRawDebt_ = 0; } } { if (positionRawDebt_ > 0) { // positionTick_ -> read minima tick of branch unchecked { positionTick_ = branchData_ & 4 == 4 ? int((branchData_ >> 3) & X19) : -int((branchData_ >> 3) & X19); } // Calculating user's collateral uint256 ratioAtTick_ = TickMath.getRatioAtTick(int24(positionTick_)); uint256 ratioOneLess_; unchecked { ratioOneLess_ = (ratioAtTick_ * 10000) / 10015; } // formula below for better readability: // length = ratioAtTick_ - ratioOneLess_ // ratio = ratioOneLess_ + (length * positionPartials_) / X30 // positionRawCol_ = (positionRawDebt_ * (1 << 96)) / ratio_ positionRawCol_ = (positionRawDebt_ * TickMath.ZERO_TICK_SCALED_RATIO) / (ratioOneLess_ + ((ratioAtTick_ - ratioOneLess_) * ((branchData_ >> 22) & X30)) / X30); } else { positionTick_ = type(int).min; } } } } return (positionTick_, positionRawDebt_, positionRawCol_, branchId_, branchData_); } /// @dev sets `tick_` as having debt or no debt in storage `tickHasDebt` depending on `addOrRemove_` /// @param tick_ tick to add or remove from tickHasDebt /// @param addOrRemove_ if true then add else remove function _updateTickHasDebt(int tick_, bool addOrRemove_) internal { // Positive mapID_ starts from 0 & above and negative starts below 0. // tick 0 to 255 will have mapId_ as 0 while tick -256 to -1 will have mapId_ as -1. unchecked { int mapId_ = tick_ < 0 ? ((tick_ + 1) / 256) - 1 : tick_ / 256; // in case of removing: // (tick == 255) tickHasDebt[mapId_] - 1 << 255 // (tick == 0) tickHasDebt[mapId_] - 1 << 0 // (tick == -1) tickHasDebt[mapId_] - 1 << 255 // (tick == -256) tickHasDebt[mapId_] - 1 << 0 // in case of adding: // (tick == 255) tickHasDebt[mapId_] - 1 << 255 // (tick == 0) tickHasDebt[mapId_] - 1 << 0 // (tick == -1) tickHasDebt[mapId_] - 1 << 255 // (tick == -256) tickHasDebt[mapId_] - 1 << 0 uint position_ = uint(tick_ - (mapId_ * 256)); tickHasDebt[mapId_] = addOrRemove_ ? tickHasDebt[mapId_] | (1 << position_) : tickHasDebt[mapId_] & ~(1 << position_); } } /// @dev gets next perfect top tick (tick which is not liquidated) /// @param topTick_ current top tick which will no longer be top tick /// @return nextTick_ next top tick which will become the new top tick function _fetchNextTopTick(int topTick_) internal view returns (int nextTick_) { int mapId_; uint tickHasDebt_; unchecked { mapId_ = topTick_ < 0 ? ((topTick_ + 1) / 256) - 1 : topTick_ / 256; uint bitsToRemove_ = uint(-topTick_ + (mapId_ * 256 + 256)); // Removing current top tick from tickHasDebt tickHasDebt_ = (tickHasDebt[mapId_] << bitsToRemove_) >> bitsToRemove_; // For last user remaining in vault there could be a lot of iterations in the while loop. // Chances of this to happen is extremely low (like ~0%) while (true) { if (tickHasDebt_ > 0) { nextTick_ = mapId_ * 256 + int(tickHasDebt_.mostSignificantBit()) - 1; break; } // Reducing mapId_ by 1 in every loop; if it reaches to -129 then no filled tick exist, meaning it's the last tick if (--mapId_ == -129) { nextTick_ = type(int).min; break; } tickHasDebt_ = tickHasDebt[mapId_]; } } } /// @dev adding debt to a particular tick /// @param totalColRaw_ total raw collateral of position /// @param netDebtRaw_ net raw debt (total debt - dust debt) /// @return tick_ tick where the debt is being added /// @return tickId_ tick current id /// @return userRawDebt_ user's total raw debt /// @return rawDust_ dust debt used for adjustment function _addDebtToTickWrite( uint256 totalColRaw_, uint256 netDebtRaw_ // debtRaw - dust ) internal returns (int256 tick_, uint256 tickId_, uint256 userRawDebt_, uint256 rawDust_) { if (netDebtRaw_ < 10000) { // thrown if user's debt is too low revert FluidVaultError(ErrorTypes.VaultT1__UserDebtTooLow); } // tick_ & ratio_ returned from library is round down. Hence increasing it by 1 and increasing ratio by 1 tick. uint ratio_ = (netDebtRaw_ * TickMath.ZERO_TICK_SCALED_RATIO) / totalColRaw_; (tick_, ratio_) = TickMath.getTickAtRatio(ratio_); unchecked { ++tick_; ratio_ = (ratio_ * 10015) / 10000; } userRawDebt_ = (ratio_ * totalColRaw_) >> 96; rawDust_ = userRawDebt_ - netDebtRaw_; // Current state of tick uint256 tickData_ = tickData[tick_]; tickId_ = (tickData_ >> 1) & X24; uint tickNewDebt_; if (tickId_ > 0 && tickData_ & 1 == 0) { // Current debt in the tick uint256 tickExistingRawDebt_ = (tickData_ >> 25) & X64; tickExistingRawDebt_ = (tickExistingRawDebt_ >> 8) << (tickExistingRawDebt_ & X8); // Tick's already initialized and not liquidated. Hence simply add the debt tickNewDebt_ = tickExistingRawDebt_ + userRawDebt_; if (tickExistingRawDebt_ == 0) { // Adding tick into tickHasDebt _updateTickHasDebt(tick_, true); } } else { // Liquidation happened or tick getting initialized for the very first time. if (tickId_ > 0) { // Meaning a liquidation happened. Hence move the data to tickID unchecked { uint tickMap_ = (tickId_ + 2) / 3; // Adding 2 in ID so we can get right mapping ID. For example for ID 1, 2 & 3 mapping should be 1 and so on.. // For example shift for id 1 should be 0, for id 2 should be 85, for id 3 it should be 170 and so on.. tickId[tick_][tickMap_] = tickId[tick_][tickMap_] | ((tickData_ >> 25) << (((tickId_ + 2) % 3) * 85)); } } // Increasing total ID by one unchecked { ++tickId_; } tickNewDebt_ = userRawDebt_; // Adding tick into tickHasDebt _updateTickHasDebt(tick_, true); } if (tickNewDebt_ < 10000) { // thrown if tick's debt/liquidity is too low revert FluidVaultError(ErrorTypes.VaultT1__TickDebtTooLow); } tickData[tick_] = (tickId_ << 1) | (tickNewDebt_.toBigNumber(56, 8, BigMathMinified.ROUND_DOWN) << 25); } /// @dev sets new top tick. If it comes to this function then that means current top tick is perfect tick. /// if next top tick is liquidated then unitializes the current non liquidated branch and make the liquidated branch as current branch /// @param topTick_ current top tick /// @param vaultVariables_ vaultVariables of storage but with newer updates /// @return newVaultVariables_ newVaultVariables_ updated vault variable internally to this function /// @return newTopTick_ new top tick function _setNewTopTick( int topTick_, uint vaultVariables_ ) internal returns (uint newVaultVariables_, int newTopTick_) { // This function considers that the current top tick was not liquidated // Overall flow of function: // if new top tick liquidated (aka base branch's minima tick) -> Close the current branch and make base branch as current branch // if new top tick not liquidated -> update things in current branch. // if new top tick is not liquidated and same tick exist in base branch then tick is considered as not liquidated. uint branchId_ = (vaultVariables_ >> 22) & X30; // branch id of current branch uint256 branchData_ = branchData[branchId_]; int256 baseBranchMinimaTick_; if ((branchData_ >> 196) & 1 == 1) { baseBranchMinimaTick_ = int((branchData_ >> 197) & X19); } else { unchecked { baseBranchMinimaTick_ = -int((branchData_ >> 197) & X19); } if (baseBranchMinimaTick_ == 0) { // meaning the current branch is the master branch baseBranchMinimaTick_ = type(int).min; } } // Returns type(int).min if no top tick exist int nextTopTickNotLiquidated_ = _fetchNextTopTick(topTick_); newTopTick_ = baseBranchMinimaTick_ > nextTopTickNotLiquidated_ ? baseBranchMinimaTick_ : nextTopTickNotLiquidated_; if (newTopTick_ == type(int).min) { // if this happens that means this was the last user of the vault :( vaultVariables_ = vaultVariables_ & 0xffffffffffffffffffffffffffffffffffffffffffffffffffffffffffc00001; } else if (newTopTick_ == nextTopTickNotLiquidated_) { // New top tick exist in current non liquidated branch if (newTopTick_ < 0) { unchecked { vaultVariables_ = (vaultVariables_ & 0xffffffffffffffffffffffffffffffffffffffffffffffffffffffffffc00001) | (uint(-newTopTick_) << 3); } } else { vaultVariables_ = (vaultVariables_ & 0xffffffffffffffffffffffffffffffffffffffffffffffffffffffffffc00001) | 4 | // setting top tick as positive (uint(newTopTick_) << 3); } } else { // if this happens that means base branch exists & is the next top tick // Remove current non liquidated branch as active. // Not deleting here as it's going to get initialize again whenever a new top tick comes branchData[branchId_] = 0; // Inserting liquidated branch's minima tick unchecked { vaultVariables_ = (vaultVariables_ & 0xfffffffffffffffffffffffffffffffffffffffffffc00000000000000000001) | 2 | // Setting top tick as liquidated (((branchData_ >> 196) & X20) << 2) | // new current top tick = base branch minima tick (((branchData_ >> 166) & X30) << 22) | // new current branch id = base branch id ((branchId_ - 1) << 52); // reduce total branch id by 1 } } newVaultVariables_ = vaultVariables_; } constructor(ConstantViews memory constants_) ConstantVariables(constants_) {} } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; import { IFluidOracle } from "../../../../oracle/fluidOracle.sol"; import { TickMath } from "../../../../libraries/tickMath.sol"; import { BigMathMinified } from "../../../../libraries/bigMathMinified.sol"; import { BigMathVault } from "../../../../libraries/bigMathVault.sol"; import { LiquidityCalcs } from "../../../../libraries/liquidityCalcs.sol"; import { SafeTransfer } from "../../../../libraries/safeTransfer.sol"; import { Helpers } from "./helpers.sol"; import { LiquiditySlotsLink } from "../../../../libraries/liquiditySlotsLink.sol"; import { ErrorTypes } from "../../errorTypes.sol"; /// @notice Fluid "VaultT1" (Vault Type 1). Fluid vault protocol main contract. /// Fluid Vault protocol is a borrow / lending protocol, allowing users to create collateral / borrow positions. /// All funds are deposited into / borrowed from Fluid Liquidity layer. /// Positions are represented through NFTs minted by the VaultFactory. /// Deployed by "VaultFactory" and linked together with VaultT1 AdminModule `ADMIN_IMPLEMENTATION` and /// FluidVaultT1Secondary (main2.sol) `SECONDARY_IMPLEMENTATION`. /// AdminModule & FluidVaultT1Secondary methods are delegateCalled, if the msg.sender has the required authorization. /// This contract links to an Oracle, which is used to assess collateral / debt value. Oracles implement the /// "FluidOracle" base contract and return the price in 1e27 precision. /// @dev For view methods / accessing data, use the "VaultResolver" periphery contract. // // vaults can only be deployed for tokens that are listed at Liquidity (constructor reverts otherwise // if either the exchange price for the supply token or the borrow token is still not set at Liquidity). contract FluidVaultT1 is Helpers { using BigMathMinified for uint256; using BigMathVault for uint256; /// @dev Single function which handles supply, withdraw, borrow & payback /// @param nftId_ NFT ID for interaction. If 0 then create new NFT/position. /// @param newCol_ new collateral. If positive then deposit, if negative then withdraw, if 0 then do nohing /// @param newDebt_ new debt. If positive then borrow, if negative then payback, if 0 then do nohing /// @param to_ address where withdraw or borrow should go. If address(0) then msg.sender /// @return nftId_ if 0 then this returns the newly created NFT Id else returns the same NFT ID /// @return newCol_ final supply amount. Mainly if max withdraw using type(int).min then this is useful to get perfect amount else remain same as newCol_ /// @return newDebt_ final borrow amount. Mainly if max payback using type(int).min then this is useful to get perfect amount else remain same as newDebt_ function operate( uint256 nftId_, // if 0 then new position int256 newCol_, // if negative then withdraw int256 newDebt_, // if negative then payback address to_ // address at which the borrow & withdraw amount should go to. If address(0) then it'll go to msg.sender ) public payable returns ( uint256, // nftId_ int256, // final supply amount. if - then withdraw int256 // final borrow amount. if - then payback ) { uint256 vaultVariables_ = vaultVariables; // re-entrancy check if (vaultVariables_ & 1 == 0) { // Updating on storage vaultVariables = vaultVariables_ | 1; } else { revert FluidVaultError(ErrorTypes.VaultT1__AlreadyEntered); } if ( (newCol_ == 0 && newDebt_ == 0) || // withdrawal or deposit cannot be too small ((newCol_ != 0) && (newCol_ > -10000 && newCol_ < 10000)) || // borrow or payback cannot be too small ((newDebt_ != 0) && (newDebt_ > -10000 && newDebt_ < 10000)) ) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidOperateAmount); } // Check msg.value aligns with input amounts if supply or borrow token is native token. // Note that it's not possible for a vault to have both supply token and borrow token as native token. if (SUPPLY_TOKEN == NATIVE_TOKEN && newCol_ > 0) { if (uint(newCol_) != msg.value) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidMsgValueOperate); } } else if (msg.value > 0) { if (!(BORROW_TOKEN == NATIVE_TOKEN && newDebt_ < 0)) { // msg.value sent along for withdraw, borrow, or non-native token operations revert FluidVaultError(ErrorTypes.VaultT1__InvalidMsgValueOperate); } } OperateMemoryVars memory o_; // Temporary variables used as helpers at many places uint256 temp_; uint256 temp2_; int256 temp3_; o_.vaultVariables2 = vaultVariables2; temp_ = (vaultVariables_ >> 2) & X20; unchecked { o_.topTick = (temp_ == 0) ? type(int).min : ((temp_ & 1) == 1) ? int((temp_ >> 1) & X19) : -int((temp_ >> 1) & X19); } { // Fetching user's position if (nftId_ == 0) { // creating new position. o_.tick = type(int).min; // minting new NFT vault for user. nftId_ = VAULT_FACTORY.mint(VAULT_ID, msg.sender); // Adding 1 in total positions. Total positions cannot exceed 32bits as NFT minting checks for that unchecked { vaultVariables_ = vaultVariables_ + (1 << 210); } } else { // Updating existing position // checking owner only in case of withdraw or borrow if ((newCol_ < 0 || newDebt_ > 0) && (VAULT_FACTORY.ownerOf(nftId_) != msg.sender)) { revert FluidVaultError(ErrorTypes.VaultT1__NotAnOwner); } // temp_ => user's position data temp_ = positionData[nftId_]; if (temp_ == 0) { revert FluidVaultError(ErrorTypes.VaultT1__NftNotOfThisVault); } // temp2_ => user's supply amount temp2_ = (temp_ >> 45) & X64; // Converting big number into normal number o_.colRaw = (temp2_ >> 8) << (temp2_ & X8); // temp2_ => user's dust debt amount temp2_ = (temp_ >> 109) & X64; // Converting big number into normal number o_.dustDebtRaw = (temp2_ >> 8) << (temp2_ & X8); // 1 is supply & 0 is borrow if (temp_ & 1 == 1) { // only supply position (has no debt) o_.tick = type(int).min; } else { // borrow position (has collateral & debt) unchecked { o_.tick = temp_ & 2 == 2 ? int((temp_ >> 2) & X19) : -int((temp_ >> 2) & X19); } o_.tickId = (temp_ >> 21) & X24; } } } // Get latest updated Position's debt & supply (if position is with debt -> not new / supply position) if (o_.tick > type(int).min) { // if entering this if statement then temp_ here will always be user's position data // extracting collateral exponent temp_ = (temp_ >> 45) & X8; // if exponent is > 0 then rounding up the collateral just for calculating debt unchecked { temp_ = temp_ == 0 ? (o_.colRaw + 1) : o_.colRaw + (1 << temp_); } // fetch current debt o_.debtRaw = ((TickMath.getRatioAtTick(int24(o_.tick)) * temp_) >> 96) + 1; // Tick data from user's tick temp_ = tickData[o_.tick]; // Checking if tick is liquidated (first bit 1) OR if the total IDs of tick is greater than user's tick ID if (((temp_ & 1) == 1) || (((temp_ >> 1) & X24) > o_.tickId)) { // User got liquidated ( // returns the position of the user if the user got liquidated. o_.tick, o_.debtRaw, o_.colRaw, temp2_, // final branchId from liquidation where position exist right now o_.branchData ) = fetchLatestPosition(o_.tick, o_.tickId, o_.debtRaw, temp_); if (o_.debtRaw > o_.dustDebtRaw) { // temp_ => branch's Debt temp_ = (o_.branchData >> 52) & X64; temp_ = (temp_ >> 8) << (temp_ & X8); // o_.debtRaw should always be < branch's Debt (temp_). // Taking margin (0.01%) in fetchLatestPosition to make sure it's always less temp_ -= o_.debtRaw; if (temp_ < 100) { // explicitly making sure that branch debt/liquidity doesn't get super low. temp_ = 100; } // Inserting updated branch's debt branchData[temp2_] = (o_.branchData & 0xfffffffffffffffffffffffffffffffffff0000000000000000fffffffffffff) | (temp_.toBigNumber(56, 8, BigMathMinified.ROUND_UP) << 52); unchecked { // Converted positionRawDebt_ in net position debt o_.debtRaw -= o_.dustDebtRaw; } } else { // Liquidated 100% or almost 100% // absorbing dust debt absorbedDustDebt = absorbedDustDebt + o_.dustDebtRaw - o_.debtRaw; o_.debtRaw = 0; o_.colRaw = 0; } } else { // User didn't got liquidated // Removing user's debt from tick data // temp2_ => debt in tick temp2_ = (temp_ >> 25) & X64; // below require can fail when a user liquidity is extremely low (talking about way less than even $1) // adding require meaning this vault user won't be able to interact unless someone makes the liquidity in tick as non 0. // reason of adding is the tick has already removed from everywhere. Can removing it again break something? Better to simply remove that case entirely if (temp2_ == 0) { revert FluidVaultError(ErrorTypes.VaultT1__TickIsEmpty); } // Converting big number into normal number temp2_ = (temp2_ >> 8) << (temp2_ & X8); // debtInTick (temp2_) < debtToRemove (o_.debtRaw) that means minor precision error. Hence make the debtInTick as 0. // The precision error can be caused with Bigmath library limiting the precision to 2**56. unchecked { temp2_ = o_.debtRaw < temp2_ ? temp2_ - o_.debtRaw : 0; } if (temp2_ < 10000) { temp2_ = 0; // if debt becomes 0 then remove from tick has debt if (o_.tick == o_.topTick) { // if tick is top tick then current top tick is perfect tick -> fetch & set new top tick // Updating new top tick in vaultVariables_ and topTick_ (vaultVariables_, o_.topTick) = _setNewTopTick(o_.topTick, vaultVariables_); } // Removing from tickHasDebt _updateTickHasDebt(o_.tick, false); } tickData[o_.tick] = (temp_ & X25) | (temp2_.toBigNumber(56, 8, BigMathMinified.ROUND_DOWN) << 25); // Converted positionRawDebt_ in net position debt o_.debtRaw -= o_.dustDebtRaw; } o_.dustDebtRaw = 0; } // Setting the current tick into old tick as the position tick is going to change now. o_.oldTick = o_.tick; o_.oldColRaw = o_.colRaw; o_.oldNetDebtRaw = o_.debtRaw; { (o_.liquidityExPrice, , o_.supplyExPrice, o_.borrowExPrice) = updateExchangePrices(o_.vaultVariables2); { // supply or withdraw if (newCol_ > 0) { // supply new col, rounding down o_.colRaw += (uint256(newCol_) * EXCHANGE_PRICES_PRECISION) / o_.supplyExPrice; // final user's collateral should not be above 2**128 bits if (o_.colRaw > X128) { revert FluidVaultError(ErrorTypes.VaultT1__UserCollateralDebtExceed); } } else if (newCol_ < 0) { // if withdraw equals type(int).min then max withdraw if (newCol_ > type(int128).min) { // partial withdraw, rounding up removing extra wei from collateral temp3_ = ((newCol_ * int(EXCHANGE_PRICES_PRECISION)) / int256(o_.supplyExPrice)) - 1; unchecked { if (uint256(-temp3_) > o_.colRaw) { revert FluidVaultError(ErrorTypes.VaultT1__ExcessCollateralWithdrawal); } o_.colRaw -= uint256(-temp3_); } } else if (newCol_ == type(int).min) { // max withdraw, rounding up: // adding +1 to negative withdrawAmount newCol_ for safe rounding (reducing withdraw) newCol_ = -(int256((o_.colRaw * o_.supplyExPrice) / EXCHANGE_PRICES_PRECISION)) + 1; o_.colRaw = 0; } else { revert FluidVaultError(ErrorTypes.VaultT1__UserCollateralDebtExceed); } } } { // borrow or payback if (newDebt_ > 0) { // borrow new debt, rounding up adding extra wei in debt temp_ = ((uint(newDebt_) * EXCHANGE_PRICES_PRECISION) / o_.borrowExPrice) + 1; // if borrow fee is 0 then it'll become temp_ + 0. // Only adding fee in o_.debtRaw and not in newDebt_ as newDebt_ is debt that needs to be borrowed from Liquidity // as we have added fee in debtRaw hence it will get added in user's position & vault's total borrow. // It can be collected with rebalance function. o_.debtRaw += temp_ + (temp_ * ((o_.vaultVariables2 >> 82) & X10)) / 10000; // final user's debt should not be above 2**128 bits if (o_.debtRaw > X128) { revert FluidVaultError(ErrorTypes.VaultT1__UserCollateralDebtExceed); } } else if (newDebt_ < 0) { // if payback equals type(int).min then max payback if (newDebt_ > type(int128).min) { // partial payback. // temp3_ => newDebt_ in raw terms, safe rounding up negative amount to rounding reduce payback temp3_ = (newDebt_ * int256(EXCHANGE_PRICES_PRECISION)) / int256(o_.borrowExPrice) + 1; unchecked { temp3_ = -temp3_; if (uint256(temp3_) > o_.debtRaw) { revert FluidVaultError(ErrorTypes.VaultT1__ExcessDebtPayback); } o_.debtRaw -= uint256(temp3_); } } else if (newDebt_ == type(int).min) { // max payback, rounding up amount that will be transferred in to pay back full debt: // subtracting -1 of negative debtAmount newDebt_ for safe rounding (increasing payback) newDebt_ = -(int256((o_.debtRaw * o_.borrowExPrice) / EXCHANGE_PRICES_PRECISION)) - 1; o_.debtRaw = 0; } else { revert FluidVaultError(ErrorTypes.VaultT1__UserCollateralDebtExceed); } } } } // if position has no collateral or debt and user sends type(int).min for withdraw and payback then this results in 0 // there's is no issue if it stays 0 but better to throw here to avoid checking for potential issues if there could be if (newCol_ == 0 && newDebt_ == 0) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidOperateAmount); } // Assign new tick if (o_.debtRaw > 0) { // updating tickHasDebt in the below function if required // o_.debtRaw here is updated to new debt raw incl. dust debt (not net debt) unchecked { (o_.tick, o_.tickId, o_.debtRaw, o_.dustDebtRaw) = _addDebtToTickWrite( o_.colRaw, ((o_.debtRaw * 1000000001) / 1000000000) + 1 ); } if (newDebt_ < 0) { // anyone can payback debt of any position // hence, explicitly checking the debt should decrease if ((o_.debtRaw - o_.dustDebtRaw) > o_.oldNetDebtRaw) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidPaybackOrDeposit); } } if ((newCol_ > 0) && (newDebt_ == 0)) { // anyone can deposit collateral in any position // Hence, explicitly checking that new ratio should be less than old ratio if ( (((o_.debtRaw - o_.dustDebtRaw) * TickMath.ZERO_TICK_SCALED_RATIO) / o_.colRaw) > ((o_.oldNetDebtRaw * TickMath.ZERO_TICK_SCALED_RATIO) / o_.oldColRaw) ) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidPaybackOrDeposit); } } if (o_.tick >= o_.topTick) { // Updating topTick in storage // temp_ => tick to insert in vault variables unchecked { temp_ = o_.tick < 0 ? uint(-o_.tick) << 1 : (uint(o_.tick) << 1) | 1; } if (vaultVariables_ & 2 == 0) { // Current branch not liquidated. Hence, just update top tick vaultVariables_ = (vaultVariables_ & 0xffffffffffffffffffffffffffffffffffffffffffffffffffffffffffc00000) | (temp_ << 2); } else { // Current branch liquidated // Initialize a new branch // temp2_ => totalBranchId_ unchecked { temp2_ = ((vaultVariables_ >> 52) & X30) + 1; // would take 34 years to overflow if a new branch is created every second } // Connecting new active branch with current active branch which is now base branch // Current top tick is now base branch's minima tick branchData[temp2_] = (((vaultVariables_ >> 22) & X30) << 166) | // current branch id set as base branch id (((vaultVariables_ >> 2) & X20) << 196); // current top tick set as base branch minima tick // Updating new vault variables in memory with new branch vaultVariables_ = (vaultVariables_ & 0xfffffffffffffffffffffffffffffffffffffffffffc00000000000000000000) | (temp_ << 2) | // new top tick (temp2_ << 22) | // new branch id (temp2_ << 52); // total branch ids } } } else { // debtRaw_ remains 0 in this situation // This kind of position will not have any tick. Meaning it'll be a supply position. o_.tick = type(int).min; } { if (newCol_ < 0 || newDebt_ > 0) { // withdraw or borrow if (to_ == address(0)) { to_ = msg.sender; } unchecked { // if debt is greater than 0 & transaction includes borrow or withdraw (incl. combinations such as deposit + borrow etc.) // -> check collateral factor // calc for net debt can be unchecked as o_.dustDebtRaw can not be > o_.debtRaw: // o_.dustDebtRaw is the result of o_.debtRaw - x where x > 0 see _addDebtToTickWrite() // Only fetch oracle if position is getting riskier or if borrowing is involved // if user is withdrawing and paying back in the same transaction such that the final ratio // is lower than initial then as well no need to check oracle aka user is doing payback & withdraw or deleverage if (o_.debtRaw > 0 && ( o_.oldTick <= o_.tick || (o_.debtRaw - o_.dustDebtRaw) > (((o_.oldNetDebtRaw * 1000000001) / 1000000000) + 1) ) ) { // Oracle returns price at 100% ratio. // converting oracle 160 bits into oracle address // temp_ => debt price w.r.t to col in 1e27 temp_ = IFluidOracle(address(uint160(o_.vaultVariables2 >> 96))).getExchangeRateOperate(); // Note if price would come back as 0 `getTickAtRatio` will fail // reverting if oracle price is too high or lower than 1e9 to avoid precision issues if (temp_ > 1e54 || temp_ < 1e9) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidOraclePrice); } // Converting price in terms of raw amounts temp_ = (temp_ * o_.supplyExPrice) / o_.borrowExPrice; // capping oracle pricing to 1e45 (#487RGF783GF: id reference for other similar cases in codebase) // This means we are restricting collateral price to never go above 1e45 // Above 1e45 precisions gets too low for calculations // This can will never happen for all good token pairs (for example, WBTC/DAI pair when WBTC price is $1M, oracle price will come as 1e43) // Restricting oracle price doesn't pose any risk to protocol as we are capping collateral price, meaning if price is above 1e45 // user is simply not able to borrow more if (temp_ > 1e45) { temp_ = 1e45; } // temp2_ => ratio at CF. CF is in 3 decimals. 900 = 90% temp2_ = ((temp_ * ((o_.vaultVariables2 >> 32) & X10)) / 1000); // Price from oracle is in 1e27 decimals. Converting it into (1 << 96) decimals temp2_ = ((temp2_ * TickMath.ZERO_TICK_SCALED_RATIO) / 1e27); // temp3_ => tickAtCF_ (temp3_, ) = TickMath.getTickAtRatio(temp2_); if (o_.tick > temp3_) { // Above CF, user should only be allowed to reduce ratio either by paying debt or by depositing more collateral // Not comparing collateral as user can potentially use safe/deleverage to reduce tick & debt. // On use of safe/deleverage, collateral will decrease but debt will decrease as well making the overall position safer. revert FluidVaultError(ErrorTypes.VaultT1__PositionAboveCF); } } } } } { // Updating user's new position on storage // temp_ => tick to insert as user position tick if (o_.tick > type(int).min) { unchecked { temp_ = o_.tick < 0 ? (uint(-o_.tick) << 1) : ((uint(o_.tick) << 1) | 1); } } else { // if positionTick_ = type(int).min OR positionRawDebt_ == 0 then that means it's only supply position // (for case of positionRawDebt_ == 0, tick is set to type(int).min further up) temp_ = 0; } positionData[nftId_] = ((temp_ == 0) ? 1 : 0) | // setting if supply only position (1) or not (first bit) (temp_ << 1) | (o_.tickId << 21) | (o_.colRaw.toBigNumber(56, 8, BigMathMinified.ROUND_DOWN) << 45) | // dust debt is rounded down because user debt = debt - dustDebt. rounding up would mean we reduce user debt (o_.dustDebtRaw.toBigNumber(56, 8, BigMathMinified.ROUND_DOWN) << 109); } // Withdrawal gap to make sure there's always liquidity for liquidation // For example if withdrawal allowance is 15% on liquidity then we can limit operate's withdrawal allowance to 10% // this will allow liquidate function to get extra 5% buffer for potential liquidations. if (newCol_ < 0) { // extracting withdrawal gap which is in 0.1% precision. temp_ = (o_.vaultVariables2 >> 62) & X10; if (temp_ > 0) { // fetching user's supply slot data o_.userSupplyLiquidityData = LIQUIDITY.readFromStorage(LIQUIDITY_USER_SUPPLY_SLOT); // converting current user's supply from big number to normal temp2_ = (o_.userSupplyLiquidityData >> LiquiditySlotsLink.BITS_USER_SUPPLY_AMOUNT) & X64; temp2_ = (temp2_ >> 8) << (temp2_ & X8); // fetching liquidity's withdrawal limit temp3_ = int(LiquidityCalcs.calcWithdrawalLimitBeforeOperate(o_.userSupplyLiquidityData, temp2_)); // max the number could go is vault's supply * 1000. Overflowing is almost impossible. unchecked { // (liquidityUserSupply - withdrawalGap - liquidityWithdrawaLimit) should be less than user's withdrawal if ( (temp3_ > 0) && (((int(temp2_ * (1000 - temp_)) / 1000)) - temp3_) < (((-newCol_) * int(EXCHANGE_PRICES_PRECISION)) / int(o_.liquidityExPrice)) ) { revert FluidVaultError(ErrorTypes.VaultT1__WithdrawMoreThanOperateLimit); } } } } { // execute actions at Liquidity: deposit & payback is first and then withdraw & borrow if (newCol_ > 0) { // deposit LIQUIDITY.operate{ value: SUPPLY_TOKEN == NATIVE_TOKEN ? msg.value : 0 }( SUPPLY_TOKEN, newCol_, 0, address(0), address(0), abi.encode(msg.sender) ); } if (newDebt_ < 0) { if (BORROW_TOKEN == NATIVE_TOKEN) { unchecked { temp_ = uint(-newDebt_); if (msg.value > temp_) { SafeTransfer.safeTransferNative(msg.sender, msg.value - temp_); } else if (msg.value < temp_) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidMsgValueOperate); } } } else { temp_ = 0; } // payback LIQUIDITY.operate{ value: temp_ }( BORROW_TOKEN, 0, newDebt_, address(0), address(0), abi.encode(msg.sender) ); } if (newCol_ < 0) { // withdraw LIQUIDITY.operate(SUPPLY_TOKEN, newCol_, 0, to_, address(0), new bytes(0)); } if (newDebt_ > 0) { // borrow LIQUIDITY.operate(BORROW_TOKEN, 0, newDebt_, address(0), to_, new bytes(0)); } } { // Updating vault variables on storage // Calculating new total collateral & total debt. temp_ = (vaultVariables_ >> 82) & X64; temp_ = ((temp_ >> 8) << (temp_ & X8)) + o_.colRaw - o_.oldColRaw; temp2_ = (vaultVariables_ >> 146) & X64; temp2_ = ((temp2_ >> 8) << (temp2_ & X8)) + (o_.debtRaw - o_.dustDebtRaw) - o_.oldNetDebtRaw; // Updating vault variables on storage. This will also reentrancy 0 back again // Converting total supply & total borrow in 64 bits (56 | 8) bignumber vaultVariables = (vaultVariables_ & 0xfffffffffffc00000000000000000000000000000003ffffffffffffffffffff) | (temp_.toBigNumber(56, 8, BigMathMinified.ROUND_DOWN) << 82) | // total supply (temp2_.toBigNumber(56, 8, BigMathMinified.ROUND_UP) << 146); // total borrow } emit LogOperate(msg.sender, nftId_, newCol_, newDebt_, to_); return (nftId_, newCol_, newDebt_); } /// @dev allows to liquidate all bad debt of all users at once. Liquidator can also liquidate partially any amount they want. /// @param debtAmt_ total debt to liquidate (aka debt token to swap into collateral token) /// @param colPerUnitDebt_ minimum collateral token per unit of debt in 1e18 decimals /// @param to_ address at which collateral token should go to. /// If dead address (0x000000000000000000000000000000000000dEaD) then reverts with custom error "FluidLiquidateResult" /// returning the actual collateral and actual debt liquidated. Useful to find max liquidatable amounts via try / catch. /// @param absorb_ if true then liquidate from absorbed first /// @return actualDebtAmt_ if liquidator sends debtAmt_ more than debt remaining to liquidate then actualDebtAmt_ changes from debtAmt_ else remains same /// @return actualColAmt_ total liquidated collateral which liquidator will get function liquidate( uint256 debtAmt_, uint256 colPerUnitDebt_, // min collateral needed per unit of debt in 1e18 address to_, bool absorb_ ) public payable returns (uint actualDebtAmt_, uint actualColAmt_) { LiquidateMemoryVars memory memoryVars_; uint vaultVariables_ = vaultVariables; // ############# turning re-entrancy bit on ############# if (vaultVariables_ & 1 == 0) { // Updating on storage vaultVariables = vaultVariables_ | 1; } else { revert FluidVaultError(ErrorTypes.VaultT1__AlreadyEntered); } if (BORROW_TOKEN == NATIVE_TOKEN) { if ((msg.value != debtAmt_) && (to_ != 0x000000000000000000000000000000000000dEaD)) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidMsgValueLiquidate); } } else if (msg.value > 0) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidMsgValueLiquidate); } memoryVars_.vaultVariables2 = vaultVariables2; if (((vaultVariables_ >> 2) & X20) == 0) { revert FluidVaultError(ErrorTypes.VaultT1__TopTickDoesNotExist); } // Below are exchange prices of vaults (, , memoryVars_.supplyExPrice, memoryVars_.borrowExPrice) = updateExchangePrices(memoryVars_.vaultVariables2); CurrentLiquidity memory currentData_; BranchData memory branch_; // Temporary holder variables, used many times for different small things uint temp_; uint temp2_; { // ############# Oracle related stuff ############# // Col price w.r.t debt. For example: 1 ETH = 1000 DAI // temp_ -> debtPerCol temp_ = IFluidOracle(address(uint160(memoryVars_.vaultVariables2 >> 96))).getExchangeRateLiquidate(); // Price in 27 decimals // not reverting if oracle price is lower than 1e9 as it can pause potential liquidation in this edge case situations if (temp_ > 1e54 || temp_ == 0) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidOraclePrice); } unchecked { // temp_ -> debtPerCol Converting in terms of raw amount temp_ = (temp_ * memoryVars_.supplyExPrice) / memoryVars_.borrowExPrice; // capping oracle pricing to 1e45 // Reason mentioned at (search: #487RGF783GF) if (temp_ > 1e45) { temp_ = 1e45; } // temp2_ -> Raw colPerDebt_ in 27 decimals temp2_ = 1e54 / temp_; // temp2_ can never be > 1e54 // Oracle price should never be > 1e54 // Liquidation penalty in 4 decimals (1e2 = 1%) (max: 10.23%) -> (vaultVariables2_ >> 72) & X10 currentData_.colPerDebt = (temp2_ * (10000 + ((memoryVars_.vaultVariables2 >> 72) & X10))) / 10000; // get liquidiation tick (tick at liquidation threshold ratio) // Liquidation threshold in 3 decimals (900 = 90%) -> (vaultVariables2_ >> 42) & X10 // Dividing by 1e27 to convert temp_ into normal number temp_ = ((temp_ * TickMath.ZERO_TICK_SCALED_RATIO) / 1e27); // temp2_ -> liquidationRatio_ temp2_ = (temp_ * ((memoryVars_.vaultVariables2 >> 42) & X10)) / 1000; } (memoryVars_.liquidationTick, ) = TickMath.getTickAtRatio(temp2_); // get liquidiation max limit tick (tick at liquidation max limit ratio) // Max limit in 3 decimals (900 = 90%) -> (vaultVariables2_ >> 52) & X10 // temp2_ -> maxRatio_ unchecked { temp2_ = (temp_ * ((memoryVars_.vaultVariables2 >> 52) & X10)) / 1000; } (memoryVars_.maxTick, ) = TickMath.getTickAtRatio(temp2_); } // extracting top tick as top tick will be the current tick unchecked { currentData_.tick = (vaultVariables_ & 4) == 4 ? int256((vaultVariables_ >> 3) & X19) : -int256((vaultVariables_ >> 3) & X19); } if (currentData_.tick > memoryVars_.maxTick) { // absorbing all the debt above maxTick if available vaultVariables_ = (abi.decode(_spell(SECONDARY_IMPLEMENTATION, abi.encodeWithSignature("absorb(uint256,int256)", vaultVariables_, memoryVars_.maxTick)), (uint256))); // updating current tick to new topTick after absorb unchecked { currentData_.tick = (vaultVariables_ & 4) == 4 ? int256((vaultVariables_ >> 3) & X19) : -int256((vaultVariables_ >> 3) & X19); } if (debtAmt_ == 0) { // updating vault variables on storage as the transaction was for only absorb vaultVariables = vaultVariables_; return (0, 0); } } if (debtAmt_ < 10000 || debtAmt_ > X128) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidLiquidationAmt); } // setting up status if top tick is liquidated or not currentData_.tickStatus = vaultVariables_ & 2 == 0 ? 1 : 2; // Tick info is mainly used as a place holder to store temporary tick related data // (it can be current or ref using same memory variable) TickData memory tickInfo_; tickInfo_.tick = currentData_.tick; { // ############# Setting current branch in memory ############# // Updating branch related data branch_.id = (vaultVariables_ >> 22) & X30; branch_.data = branchData[branch_.id]; branch_.debtFactor = (branch_.data >> 116) & X50; if (branch_.debtFactor == 0) { // Initializing branch debt factor. 35 | 15 bit number. Where full 35 bits and 15th bit is occupied. // Making the total number as (2**35 - 1) << 2**14. // note: initial debt factor can be any number. branch_.debtFactor = ((X35 << 15) | (1 << 14)); } // fetching base branch's minima tick. if 0 that means it's a master branch temp_ = (branch_.data >> 196) & X20; if (temp_ > 0) { unchecked { branch_.minimaTick = (temp_ & 1) == 1 ? int256((temp_ >> 1) & X19) : -int256((temp_ >> 1) & X19); } } else { branch_.minimaTick = type(int).min; } } // debtAmt_ should be less than 2**128 & EXCHANGE_PRICES_PRECISION is 1e12 unchecked { currentData_.debtRemaining = (debtAmt_ * EXCHANGE_PRICES_PRECISION) / memoryVars_.borrowExPrice; } // extracting total debt temp2_ = (vaultVariables_ >> 146) & X64; temp2_ = ((temp2_ >> 8) << (temp2_ & X8)); if ((temp2_ / 1e9) > currentData_.debtRemaining) { // if liquidation amount is less than 1e9 of total debt then revert // so if total debt is $1B then minimum liquidation limit = $1 // so if total debt is $1T then minimum liquidation limit = $1000 // partials precision is slightlty above 1e9 so this will make sure that on every liquidation atleast 1 partial gets liquidated // not sure if it can result in any issue but restricting amount further more to remove very low amount scenarios totally revert FluidVaultError(ErrorTypes.VaultT1__InvalidLiquidationAmt); } if (absorb_) { temp_ = absorbedLiquidity; // temp2_ -> absorbed col temp2_ = (temp_ >> 128) & X128; // temp_ -> absorbed debt temp_ = temp_ & X128; if (temp_ > currentData_.debtRemaining) { // Removing collateral in equal proportion as debt currentData_.totalColLiq = ((temp2_ * currentData_.debtRemaining) / temp_); temp2_ -= currentData_.totalColLiq; // Removing debt currentData_.totalDebtLiq = currentData_.debtRemaining; unchecked { temp_ -= currentData_.debtRemaining; } currentData_.debtRemaining = 0; // updating on storage absorbedLiquidity = temp_ | (temp2_ << 128); } else { // updating on storage absorbedLiquidity = 0; unchecked { currentData_.debtRemaining -= temp_; } currentData_.totalDebtLiq = temp_; currentData_.totalColLiq = temp2_; } } // current tick should be greater than liquidationTick and it cannot be greater than maxTick as absorb will run if (currentData_.tick > memoryVars_.liquidationTick) { if (currentData_.debtRemaining > 0) { // Stores liquidated debt & collateral in each loop uint debtLiquidated_; uint colLiquidated_; uint debtFactor_ = BigMathVault.TWO_POWER_64; TickHasDebt memory tickHasDebt_; unchecked { tickHasDebt_.mapId = (currentData_.tick < 0) ? (((currentData_.tick + 1) / 256) - 1) : (currentData_.tick / 256); } tickInfo_.ratio = TickMath.getRatioAtTick(tickInfo_.tick); if (currentData_.tickStatus == 1) { // top tick is not liquidated. Hence it's a perfect tick. currentData_.ratio = tickInfo_.ratio; // if current tick in liquidation is a perfect tick then it is also the next tick that has debt. tickHasDebt_.nextTick = currentData_.tick; } else { // top tick is liquidated. Hence it has partials. // next tick that has debt liquidity will have to be fetched from tickHasDebt unchecked { tickInfo_.ratioOneLess = (tickInfo_.ratio * 10000) / 10015; tickInfo_.length = tickInfo_.ratio - tickInfo_.ratioOneLess; tickInfo_.partials = (branch_.data >> 22) & X30; currentData_.ratio = tickInfo_.ratioOneLess + ((tickInfo_.length * tickInfo_.partials) / X30); if ((memoryVars_.liquidationTick + 1) == tickInfo_.tick && (tickInfo_.partials == 1)) { if (to_ == 0x000000000000000000000000000000000000dEaD) { // revert with liquidated amounts if to_ address is the dead address. // this can be used in a resolver to find the max liquidatable amounts. revert FluidLiquidateResult(0, 0); } revert FluidVaultError(ErrorTypes.VaultT1__InvalidLiquidation); } } } while (true) { if (currentData_.tickStatus == 1) { // not liquidated -> Getting the debt from tick data itself temp2_ = tickData[currentData_.tick]; // temp_ => tick debt temp_ = (temp2_ >> 25) & X64; // Converting big number into normal number temp_ = (temp_ >> 8) << (temp_ & X8); // Updating tickData on storage with removing debt & adding connection to branch tickData[currentData_.tick] = 1 | // set tick as liquidated (temp2_ & 0x1fffffe) | // set same total tick ids (branch_.id << 26) | // branch id where this tick got liquidated (branch_.debtFactor << 56); } else { // already liquidated -> Get the debt from branch data in big number // temp_ => tick debt temp_ = (branch_.data >> 52) & X64; // Converting big number into normal number temp_ = (temp_ >> 8) << (temp_ & X8); // Branch is getting updated over the end } // Adding new debt into active debt for liquidation currentData_.debt += temp_; // Adding new col into active col for liquidation // Ratio is in 2**96 decimals hence multiplying debt with 2**96 to get proper collateral currentData_.col += (temp_ * TickMath.ZERO_TICK_SCALED_RATIO) / currentData_.ratio; if ( (tickHasDebt_.nextTick == currentData_.tick && currentData_.tickStatus == 1) || tickHasDebt_.tickHasDebt == 0 ) { // Fetching next perfect tick with liquidity // tickHasDebt_.tickHasDebt == 0 will only happen in the first while loop // in the very first perfect tick liquidation it'll be 0 if (tickHasDebt_.tickHasDebt == 0) { tickHasDebt_.tickHasDebt = tickHasDebt[tickHasDebt_.mapId]; } // in 1st loop tickStatus can be 2. Meaning not a perfect current tick if (currentData_.tickStatus == 1) { unchecked { tickHasDebt_.bitsToRemove = uint(-currentData_.tick + (tickHasDebt_.mapId * 256 + 256)); } // Removing current top tick from tickHasDebt tickHasDebt_.tickHasDebt = (tickHasDebt_.tickHasDebt << tickHasDebt_.bitsToRemove) >> tickHasDebt_.bitsToRemove; // Updating in storage if tickHasDebt becomes 0. if (tickHasDebt_.tickHasDebt == 0) { tickHasDebt[tickHasDebt_.mapId] = 0; } } // For last user remaining in vault there could be a lot of while loop. // Chances of this to happen is extremely low (like ~0%) while (true) { if (tickHasDebt_.tickHasDebt > 0) { unchecked { tickHasDebt_.nextTick = tickHasDebt_.mapId * 256 + int(tickHasDebt_.tickHasDebt.mostSignificantBit()) - 1; } break; } // tickHasDebt_.tickHasDebt == 0. Checking if minimum tick of this mapID is less than liquidationTick_ // if true that means now the next tick is not needed as liquidation gets over minimum at liquidationTick_ unchecked { if ((tickHasDebt_.mapId * 256) < memoryVars_.liquidationTick) { tickHasDebt_.nextTick = type(int).min; break; } // Fetching next tick has debt by decreasing tickHasDebt_.mapId first tickHasDebt_.tickHasDebt = tickHasDebt[--tickHasDebt_.mapId]; } } } // Fetching refTick. refTick is the biggest tick of these 3: // 1. Next tick with liquidity (from tickHasDebt) // 2. Minima tick of current branch // 3. Liquidation threshold tick { // Setting currentData_.refTick & currentData_.refTickStatus if ( branch_.minimaTick > tickHasDebt_.nextTick && branch_.minimaTick > memoryVars_.liquidationTick ) { // next tick will be of base branch (merge) currentData_.refTick = branch_.minimaTick; currentData_.refTickStatus = 2; } else if (tickHasDebt_.nextTick > memoryVars_.liquidationTick) { // next tick will be next tick from perfect tick currentData_.refTick = tickHasDebt_.nextTick; currentData_.refTickStatus = 1; } else { // next tick is threshold tick currentData_.refTick = memoryVars_.liquidationTick; currentData_.refTickStatus = 3; // leads to end of liquidation loop } } // using tickInfo variable again for ref tick as we don't have the need for it any more tickInfo_.ratio = TickMath.getRatioAtTick(int24(currentData_.refTick)); if (currentData_.refTickStatus == 2) { // merge current branch with base branch unchecked { tickInfo_.ratioOneLess = (tickInfo_.ratio * 10000) / 10015; tickInfo_.length = tickInfo_.ratio - tickInfo_.ratioOneLess; // Fetching base branch data to get the base branch's partial branch_.baseBranchData = branchData[((branch_.data >> 166) & X30)]; tickInfo_.partials = (branch_.baseBranchData >> 22) & X30; tickInfo_.currentRatio = tickInfo_.ratioOneLess + ((tickInfo_.length * tickInfo_.partials) / X30); currentData_.refRatio = tickInfo_.currentRatio; } } else { // refTickStatus can only be 1 (next tick from perfect tick) or 3 (liquidation threshold tick) tickInfo_.currentRatio = tickInfo_.ratio; currentData_.refRatio = tickInfo_.ratio; tickInfo_.partials = X30; } // Formula: (debt_ - x) / (col_ - (x * colPerDebt_)) = ratioEnd_ // x = ((ratioEnd_ * col) - debt_) / ((colPerDebt_ * ratioEnd_) - 1) // x is debtToLiquidate_ // col_ = debt_ / ratioStart_ -> (currentData_.debt / currentData_.ratio) // ratioEnd_ is currentData_.refRatio // // Calculation results of numerator & denominator is always negative // which will cancel out to give positive output in the end so we can safely cast to uint. // for nominator: // ratioStart can only be >= ratioEnd so first part can only be reducing currentData_.debt leading to // currentData_.debt reduced - currentData_.debt original * 1e27 -> can only be a negative number // for denominator: // currentData_.colPerDebt and currentData_.refRatio are inversely proportional to each other. // the maximum value they can ever be is ~9.97e26 which is the 0.3% away from 100% because liquidation // threshold + liquidation penalty can never be > 99.7%. This can also be verified by going back from // min / max ratio values further up where we fetch oracle price etc. // as optimization we can inverse nominator and denominator subtraction to directly get a positive number. debtLiquidated_ = // nominator ((currentData_.debt - (currentData_.refRatio * currentData_.debt) / currentData_.ratio) * 1e27) / // denominator (1e27 - ((currentData_.colPerDebt * currentData_.refRatio) / TickMath.ZERO_TICK_SCALED_RATIO)); colLiquidated_ = (debtLiquidated_ * currentData_.colPerDebt) / 1e27; if (currentData_.debt == debtLiquidated_) { debtLiquidated_ -= 1; } if (debtLiquidated_ >= currentData_.debtRemaining || currentData_.refTickStatus == 3) { // End of liquidation as full amount to liquidate or liquidation threshold tick has been reached; // Updating tickHasDebt on storage. tickHasDebt[tickHasDebt_.mapId] = tickHasDebt_.tickHasDebt; if (debtLiquidated_ >= currentData_.debtRemaining) { // Liquidation ended between currentTick & refTick. // Not all of liquidatable debt is actually liquidated -> recalculate debtLiquidated_ = currentData_.debtRemaining; colLiquidated_ = (debtLiquidated_ * currentData_.colPerDebt) / 1e27; // Liquidating to debt. temp_ => final ratio after liquidation // liquidatable debt - debtLiquidated / liquidatable col - colLiquidated temp_ = ((currentData_.debt - debtLiquidated_) * TickMath.ZERO_TICK_SCALED_RATIO) / (currentData_.col - colLiquidated_); // Fetching tick of where liquidation ended (tickInfo_.tick, tickInfo_.ratioOneLess) = TickMath.getTickAtRatio(temp_); if ((tickInfo_.tick < currentData_.refTick) && (tickInfo_.partials == X30)) { // this situation might never happen // if this happens then there might be some very edge case precision of few weis which is returning 1 tick less // if the above were to ever happen then tickInfo_.tick only be currentData_.refTick - 1 // in this case the partial will be very very near to full (X30) // increasing tick by 2 and making partial as 1 which is basically very very near to currentData_.refTick unchecked { tickInfo_.tick += 2; } tickInfo_.partials = 1; } else { unchecked { // Increasing tick by 1 as final ratio will probably be a partial ++tickInfo_.tick; // if ref tick is old liquidated tick then storing partials in temp2_ // tickInfo_.partials contains partial of branch which is the current ref tick temp2_ = (currentData_.refTickStatus == 2 && tickInfo_.tick == currentData_.refTick) ? tickInfo_.partials : 0; tickInfo_.ratio = (tickInfo_.ratioOneLess * 10015) / 10000; tickInfo_.length = tickInfo_.ratio - tickInfo_.ratioOneLess; tickInfo_.partials = ((temp_ - tickInfo_.ratioOneLess) * X30) / tickInfo_.length; // Taking edge cases where partial comes as 0 or X30 meaning perfect tick. // Hence, increasing or reducing it by 1 as liquidation tick cannot be perfect tick. tickInfo_.partials = tickInfo_.partials == 0 ? 1 : tickInfo_.partials >= X30 ? X30 - 1 : tickInfo_.partials; } if (temp2_ > 0 && temp2_ >= tickInfo_.partials) { // if refTick is liquidated tick and hence contains partials then checking that // current liquidation tick's partial should not be less than last liquidation refTick // not sure if this is even possible to happen but adding checks to avoid it fully // if it reverts here then next liquidation on next block should go through fine revert FluidVaultError(ErrorTypes.VaultT1__LiquidationReverts); } } } else { // End in liquidation threshold. // finalRatio_ = currentData_.refRatio; // Increasing liquidation threshold tick by 1 partial. With 1 partial it'll reach to the next tick. // Ratio change will be negligible. Doing this as liquidation threshold tick can also be a perfect non-liquidated tick. unchecked { tickInfo_.tick = currentData_.refTick + 1; } // Making partial as 1 so it doesn't stay perfect tick tickInfo_.partials = 1; // length is not needed as only partials are written to storage } // debtFactor = debtFactor * (liquidatableDebt - debtLiquidated) / liquidatableDebt // -> debtFactor * leftOverDebt / liquidatableDebt debtFactor_ = (debtFactor_ * (currentData_.debt - debtLiquidated_)) / currentData_.debt; currentData_.totalDebtLiq += debtLiquidated_; currentData_.debt -= debtLiquidated_; // currentData_.debt => leftOverDebt after debtLiquidated_ currentData_.totalColLiq += colLiquidated_; currentData_.col -= colLiquidated_; // currentData_.col => leftOverCol after colLiquidated_ // Updating branch's debt factor & write to storage as liquidation is over branch_.debtFactor = branch_.debtFactor.mulDivBigNumber(debtFactor_); if (currentData_.debt < 100) { // this can happen when someone tries to create a dust tick revert FluidVaultError(ErrorTypes.VaultT1__BranchDebtTooLow); } unchecked { // Tick to insert temp2_ = tickInfo_.tick < 0 ? (uint(-tickInfo_.tick) << 1) : ((uint(tickInfo_.tick) << 1) | 1); } // Updating Branch data with debt factor, debt, partials, minima tick & assigning is liquidated branchData[branch_.id] = ((branch_.data >> 166) << 166) | 1 | // set as liquidated (temp2_ << 2) | // minima tick of branch (tickInfo_.partials << 22) | (currentData_.debt.toBigNumber(56, 8, BigMathMinified.ROUND_UP) << 52) | // branch debt (branch_.debtFactor << 116); // Updating vault variables with current branch & tick vaultVariables_ = ((vaultVariables_ >> 52) << 52) | 2 | // set as liquidated (temp2_ << 2) | // top tick (branch_.id << 22); break; } unchecked { // debtLiquidated_ >= currentData_.debtRemaining leads to loop break in if statement above // so this can be unchecked currentData_.debtRemaining -= debtLiquidated_; } // debtFactor = debtFactor * (liquidatableDebt - debtLiquidated) / liquidatableDebt // -> debtFactor * leftOverDebt / liquidatableDebt debtFactor_ = (debtFactor_ * (currentData_.debt - debtLiquidated_)) / currentData_.debt; currentData_.totalDebtLiq += debtLiquidated_; currentData_.debt -= debtLiquidated_; currentData_.totalColLiq += colLiquidated_; currentData_.col -= colLiquidated_; // updating branch's debt factor branch_.debtFactor = branch_.debtFactor.mulDivBigNumber(debtFactor_); // Setting debt factor as 1 << 64 again debtFactor_ = BigMathVault.TWO_POWER_64; if (currentData_.refTickStatus == 2) { // ref tick is base branch's minima hence merging current branch to base branch // and making base branch as current branch. // read base branch related data temp_ = (branch_.data >> 166) & X30; // temp_ -> base branch id temp2_ = branch_.baseBranchData; { uint newBranchDebtFactor_ = (temp2_ >> 116) & X50; // connectionFactor_ = baseBranchDebtFactor / currentBranchDebtFactor uint connectionFactor_ = newBranchDebtFactor_.divBigNumber(branch_.debtFactor); // Updating current branch in storage branchData[branch_.id] = ((branch_.data >> 166) << 166) | // deleting debt / partials / minima tick 2 | // setting as merged (connectionFactor_ << 116); // set new connectionFactor // Storing base branch in memory // Updating branch ID to base branch ID branch_.id = temp_; // Updating branch data with base branch data branch_.data = temp2_; // Remove next branch connection from base branch branch_.debtFactor = newBranchDebtFactor_; // temp_ => minima tick of base branch temp_ = (temp2_ >> 196) & X20; if (temp_ > 0) { unchecked { branch_.minimaTick = (temp_ & 1) == 1 ? int256((temp_ >> 1) & X19) : -int256((temp_ >> 1) & X19); } } else { branch_.minimaTick = type(int).min; } } } // Making refTick as currentTick currentData_.tick = currentData_.refTick; currentData_.tickStatus = currentData_.refTickStatus; currentData_.ratio = currentData_.refRatio; } } } // calculating net token amounts using exchange price actualDebtAmt_ = (currentData_.totalDebtLiq * memoryVars_.borrowExPrice) / EXCHANGE_PRICES_PRECISION; actualColAmt_ = (currentData_.totalColLiq * memoryVars_.supplyExPrice) / EXCHANGE_PRICES_PRECISION; // Chances of this to happen are in few wei if (actualDebtAmt_ > debtAmt_) { // calc new actualColAmt_ via ratio. actualColAmt_ = actualColAmt_ * (debtAmt_ / actualDebtAmt_); actualDebtAmt_ = debtAmt_; } if (actualDebtAmt_ == 0) { revert FluidVaultError(ErrorTypes.VaultT1__InvalidLiquidation); } if (((actualColAmt_ * 1e18) / actualDebtAmt_) < colPerUnitDebt_) { revert FluidVaultError(ErrorTypes.VaultT1__ExcessSlippageLiquidation); } if (to_ == 0x000000000000000000000000000000000000dEaD) { // revert with liquidated amounts if to_ address is the dead address. // this can be used in a resolver to find the max liquidatable amounts. revert FluidLiquidateResult(actualColAmt_, actualDebtAmt_); } // payback at Liquidity if (BORROW_TOKEN == NATIVE_TOKEN) { temp_ = actualDebtAmt_; if (actualDebtAmt_ < msg.value) { unchecked { // subtraction can be unchecked because of if check above SafeTransfer.safeTransferNative(msg.sender, msg.value - actualDebtAmt_); } } // else if actualDebtAmt_ > msg.value not possible as actualDebtAmt_ can maximally be debtAmt_ and // msg.value == debtAmt_ is checked in the beginning of function. } else { temp_ = 0; } unchecked { // payback at liquidity LIQUIDITY.operate{ value: temp_ }( BORROW_TOKEN, 0, -int(actualDebtAmt_), address(0), address(0), abi.encode(msg.sender) ); // withdraw at liquidity LIQUIDITY.operate(SUPPLY_TOKEN, -int(actualColAmt_), 0, to_, address(0), new bytes(0)); } // Calculating new total collateral & total debt. // temp_ -> total supply temp_ = (vaultVariables_ >> 82) & X64; temp_ = ((temp_ >> 8) << (temp_ & X8)) - currentData_.totalColLiq; // temp2_ -> total borrow temp2_ = (vaultVariables_ >> 146) & X64; temp2_ = ((temp2_ >> 8) << (temp2_ & X8)) - currentData_.totalDebtLiq; // Updating vault variables on storage // Converting total supply & total borrow in 64 bits (56 | 8) bignumber vaultVariables = (vaultVariables_ & 0xfffffffffffc00000000000000000000000000000003ffffffffffffffffffff) | (temp_.toBigNumber(56, 8, BigMathMinified.ROUND_DOWN) << 82) | // total supply (temp2_.toBigNumber(56, 8, BigMathMinified.ROUND_UP) << 146); // total borrow emit LogLiquidate(msg.sender, actualColAmt_, actualDebtAmt_, to_); } /// @dev Checks total supply of vault's in Liquidity Layer & Vault contract and rebalance it accordingly /// if vault supply is more than Liquidity Layer then deposit difference through reserve/rebalance contract /// if vault supply is less than Liquidity Layer then withdraw difference to reserve/rebalance contract /// if vault borrow is more than Liquidity Layer then borrow difference to reserve/rebalance contract /// if vault borrow is less than Liquidity Layer then payback difference through reserve/rebalance contract function rebalance() external payable returns (int supplyAmt_, int borrowAmt_) { (supplyAmt_, borrowAmt_) = abi.decode(_spell(SECONDARY_IMPLEMENTATION, msg.data), (int, int)); } /// @dev liquidity callback for cheaper token transfers in case of deposit or payback. /// only callable by Liquidity during an operation. function liquidityCallback(address token_, uint amount_, bytes calldata data_) external { if (msg.sender != address(LIQUIDITY)) revert FluidVaultError(ErrorTypes.VaultT1__InvalidLiquidityCallbackAddress); if (vaultVariables & 1 == 0) revert FluidVaultError(ErrorTypes.VaultT1__NotEntered); SafeTransfer.safeTransferFrom(token_, abi.decode(data_, (address)), address(LIQUIDITY), amount_); } constructor(ConstantViews memory constants_) Helpers(constants_) { // Note that vaults are deployed by VaultFactory so we somewhat trust the values being passed in // Setting branch in vault. vaultVariables = (vaultVariables) | (1 << 22) | (1 << 52); uint liqSupplyExchangePrice_ = (LIQUIDITY.readFromStorage(LIQUIDITY_SUPPLY_EXCHANGE_PRICE_SLOT) >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_SUPPLY_EXCHANGE_PRICE) & X64; uint liqBorrowExchangePrice_ = (LIQUIDITY.readFromStorage(LIQUIDITY_BORROW_EXCHANGE_PRICE_SLOT) >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_BORROW_EXCHANGE_PRICE) & X64; if ( liqSupplyExchangePrice_ < EXCHANGE_PRICES_PRECISION || liqBorrowExchangePrice_ < EXCHANGE_PRICES_PRECISION ) { revert FluidVaultError(ErrorTypes.VaultT1__TokenNotInitialized); } // Updating initial rates in storage rates = liqSupplyExchangePrice_ | (liqBorrowExchangePrice_ << 64) | (EXCHANGE_PRICES_PRECISION << 128) | (EXCHANGE_PRICES_PRECISION << 192); } fallback() external { if (!(VAULT_FACTORY.isGlobalAuth(msg.sender) || VAULT_FACTORY.isVaultAuth(address(this), msg.sender))) { revert FluidVaultError(ErrorTypes.VaultT1__NotAnAuth); } // Delegate the current call to `implementation`. // This does not return to its internall call site, it will return directly to the external caller. // solhint-disable-next-line no-inline-assembly _spell(ADMIN_IMPLEMENTATION, msg.data); } function _spell(address target_, bytes memory data_) private returns (bytes memory response_) { assembly { let succeeded := delegatecall(gas(), target_, add(data_, 0x20), mload(data_), 0, 0) let size := returndatasize() response_ := mload(0x40) mstore(0x40, add(response_, and(add(add(size, 0x20), 0x1f), not(0x1f)))) mstore(response_, size) returndatacopy(add(response_, 0x20), 0, size) switch iszero(succeeded) case 1 { // throw if delegatecall failed returndatacopy(0x00, 0x00, size) revert(0x00, size) } } } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; contract Structs { // structs are used to mitigate Stack too deep errors struct OperateMemoryVars { // ## User's position before update ## uint oldColRaw; uint oldNetDebtRaw; // total debt - dust debt int oldTick; // ## User's position after update ## uint colRaw; uint debtRaw; uint dustDebtRaw; int tick; uint tickId; // others uint256 vaultVariables2; uint256 branchId; int256 topTick; uint liquidityExPrice; uint supplyExPrice; uint borrowExPrice; uint branchData; // user's supply slot data in liquidity uint userSupplyLiquidityData; } struct BranchData { uint id; uint data; uint ratio; uint debtFactor; int minimaTick; uint baseBranchData; } struct TickData { int tick; uint data; uint ratio; uint ratioOneLess; uint length; uint currentRatio; // current tick is ratio with partials. uint partials; } // note: All the below token amounts are in raw form. struct CurrentLiquidity { uint256 debtRemaining; // Debt remaining to liquidate uint256 debt; // Current liquidatable debt before reaching next check point uint256 col; // Calculate using debt & ratioCurrent uint256 colPerDebt; // How much collateral to liquidate per unit of Debt uint256 totalDebtLiq; // Total debt liquidated till now uint256 totalColLiq; // Total collateral liquidated till now int tick; // Current tick to liquidate uint ratio; // Current ratio to liquidate uint tickStatus; // if 1 then it's a perfect tick, if 2 that means it's a liquidated tick int refTick; // ref tick to liquidate uint refRatio; // ratio at ref tick uint refTickStatus; // if 1 then it's a perfect tick, if 2 that means it's a liquidated tick, if 3 that means it's a liquidation threshold } struct TickHasDebt { int tick; // current tick int nextTick; // next tick with liquidity int mapId; // mapping ID of tickHasDebt uint bitsToRemove; // liquidity to remove till tick_ so we can search for next tick uint tickHasDebt; // getting tickHasDebt_ from tickHasDebt[mapId_] uint mostSigBit; // most significant bit in tickHasDebt_ to get the next tick } struct LiquidateMemoryVars { uint256 vaultVariables2; int liquidationTick; int maxTick; uint256 supplyExPrice; uint256 borrowExPrice; } struct AbsorbMemoryVariables { uint256 debtAbsorbed; uint256 colAbsorbed; int256 startingTick; uint256 mostSigBit; } struct ConstantViews { address liquidity; address factory; address adminImplementation; address secondaryImplementation; address supplyToken; address borrowToken; uint8 supplyDecimals; uint8 borrowDecimals; uint vaultId; bytes32 liquiditySupplyExchangePriceSlot; bytes32 liquidityBorrowExchangePriceSlot; bytes32 liquidityUserSupplySlot; bytes32 liquidityUserBorrowSlot; } struct RebalanceMemoryVariables { uint256 liqSupplyExPrice; uint256 liqBorrowExPrice; uint256 vaultSupplyExPrice; uint256 vaultBorrowExPrice; } }
File 4 of 4: FluidLiquidityUserModule
// SPDX-License-Identifier: MIT // OpenZeppelin Contracts v4.4.1 (interfaces/IERC20.sol) pragma solidity ^0.8.0; import "../token/ERC20/IERC20.sol"; // SPDX-License-Identifier: MIT // OpenZeppelin Contracts (last updated v4.6.0) (token/ERC20/IERC20.sol) pragma solidity ^0.8.0; /** * @dev Interface of the ERC20 standard as defined in the EIP. */ 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 amount of tokens in existence. */ function totalSupply() external view returns (uint256); /** * @dev Returns the amount of tokens owned by `account`. */ function balanceOf(address account) external view returns (uint256); /** * @dev Moves `amount` 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 amount) 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 `amount` 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 amount) external returns (bool); /** * @dev Moves `amount` tokens from `from` to `to` using the * allowance mechanism. `amount` 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 amount ) external returns (bool); } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; /// @title library that represents a number in BigNumber(coefficient and exponent) format to store in smaller bits. /// @notice the number is divided into two parts: a coefficient and an exponent. This comes at a cost of losing some precision /// at the end of the number because the exponent simply fills it with zeroes. This precision is oftentimes negligible and can /// result in significant gas cost reduction due to storage space reduction. /// Also note, a valid big number is as follows: if the exponent is > 0, then coefficient last bits should be occupied to have max precision. /// @dev roundUp is more like a increase 1, which happens everytime for the same number. /// roundDown simply sets trailing digits after coefficientSize to zero (floor), only once for the same number. library BigMathMinified { /// @dev constants to use for `roundUp` input param to increase readability bool internal constant ROUND_DOWN = false; bool internal constant ROUND_UP = true; /// @dev converts `normal` number to BigNumber with `exponent` and `coefficient` (or precision). /// e.g.: /// 5035703444687813576399599 (normal) = (coefficient[32bits], exponent[8bits])[40bits] /// 5035703444687813576399599 (decimal) => 10000101010010110100000011111011110010100110100000000011100101001101001101011101111 (binary) /// => 10000101010010110100000011111011000000000000000000000000000000000000000000000000000 /// ^-------------------- 51(exponent) -------------- ^ /// coefficient = 1000,0101,0100,1011,0100,0000,1111,1011 (2236301563) /// exponent = 0011,0011 (51) /// bigNumber = 1000,0101,0100,1011,0100,0000,1111,1011,0011,0011 (572493200179) /// /// @param normal number which needs to be converted into Big Number /// @param coefficientSize at max how many bits of precision there should be (64 = uint64 (64 bits precision)) /// @param exponentSize at max how many bits of exponent there should be (8 = uint8 (8 bits exponent)) /// @param roundUp signals if result should be rounded down or up /// @return bigNumber converted bigNumber (coefficient << exponent) function toBigNumber( uint256 normal, uint256 coefficientSize, uint256 exponentSize, bool roundUp ) internal pure returns (uint256 bigNumber) { assembly { let lastBit_ let number_ := normal if gt(number_, 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF) { number_ := shr(0x80, number_) lastBit_ := 0x80 } if gt(number_, 0xFFFFFFFFFFFFFFFF) { number_ := shr(0x40, number_) lastBit_ := add(lastBit_, 0x40) } if gt(number_, 0xFFFFFFFF) { number_ := shr(0x20, number_) lastBit_ := add(lastBit_, 0x20) } if gt(number_, 0xFFFF) { number_ := shr(0x10, number_) lastBit_ := add(lastBit_, 0x10) } if gt(number_, 0xFF) { number_ := shr(0x8, number_) lastBit_ := add(lastBit_, 0x8) } if gt(number_, 0xF) { number_ := shr(0x4, number_) lastBit_ := add(lastBit_, 0x4) } if gt(number_, 0x3) { number_ := shr(0x2, number_) lastBit_ := add(lastBit_, 0x2) } if gt(number_, 0x1) { lastBit_ := add(lastBit_, 1) } if gt(number_, 0) { lastBit_ := add(lastBit_, 1) } if lt(lastBit_, coefficientSize) { // for throw exception lastBit_ := coefficientSize } let exponent := sub(lastBit_, coefficientSize) let coefficient := shr(exponent, normal) if and(roundUp, gt(exponent, 0)) { // rounding up is only needed if exponent is > 0, as otherwise the coefficient fully holds the original number coefficient := add(coefficient, 1) if eq(shl(coefficientSize, 1), coefficient) { // case were coefficient was e.g. 111, with adding 1 it became 1000 (in binary) and coefficientSize 3 bits // final coefficient would exceed it's size. -> reduce coefficent to 100 and increase exponent by 1. coefficient := shl(sub(coefficientSize, 1), 1) exponent := add(exponent, 1) } } if iszero(lt(exponent, shl(exponentSize, 1))) { // if exponent is >= exponentSize, the normal number is too big to fit within // BigNumber with too small sizes for coefficient and exponent revert(0, 0) } bigNumber := shl(exponentSize, coefficient) bigNumber := add(bigNumber, exponent) } } /// @dev get `normal` number from `bigNumber`, `exponentSize` and `exponentMask` function fromBigNumber( uint256 bigNumber, uint256 exponentSize, uint256 exponentMask ) internal pure returns (uint256 normal) { assembly { let coefficient := shr(exponentSize, bigNumber) let exponent := and(bigNumber, exponentMask) normal := shl(exponent, coefficient) } } /// @dev gets the most significant bit `lastBit` of a `normal` number (length of given number of binary format). /// e.g. /// 5035703444687813576399599 = 10000101010010110100000011111011110010100110100000000011100101001101001101011101111 /// lastBit = ^--------------------------------- 83 ----------------------------------------^ function mostSignificantBit(uint256 normal) internal pure returns (uint lastBit) { assembly { let number_ := normal if gt(normal, 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF) { number_ := shr(0x80, number_) lastBit := 0x80 } if gt(number_, 0xFFFFFFFFFFFFFFFF) { number_ := shr(0x40, number_) lastBit := add(lastBit, 0x40) } if gt(number_, 0xFFFFFFFF) { number_ := shr(0x20, number_) lastBit := add(lastBit, 0x20) } if gt(number_, 0xFFFF) { number_ := shr(0x10, number_) lastBit := add(lastBit, 0x10) } if gt(number_, 0xFF) { number_ := shr(0x8, number_) lastBit := add(lastBit, 0x8) } if gt(number_, 0xF) { number_ := shr(0x4, number_) lastBit := add(lastBit, 0x4) } if gt(number_, 0x3) { number_ := shr(0x2, number_) lastBit := add(lastBit, 0x2) } if gt(number_, 0x1) { lastBit := add(lastBit, 1) } if gt(number_, 0) { lastBit := add(lastBit, 1) } } } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; library LibsErrorTypes { /***********************************| | LiquidityCalcs | |__________________________________*/ /// @notice thrown when supply or borrow exchange price is zero at calc token data (token not configured yet) uint256 internal constant LiquidityCalcs__ExchangePriceZero = 70001; /// @notice thrown when rate data is set to a version that is not implemented uint256 internal constant LiquidityCalcs__UnsupportedRateVersion = 70002; /// @notice thrown when the calculated borrow rate turns negative. This should never happen. uint256 internal constant LiquidityCalcs__BorrowRateNegative = 70003; /***********************************| | SafeTransfer | |__________________________________*/ /// @notice thrown when safe transfer from for an ERC20 fails uint256 internal constant SafeTransfer__TransferFromFailed = 71001; /// @notice thrown when safe transfer for an ERC20 fails uint256 internal constant SafeTransfer__TransferFailed = 71002; } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; import { LibsErrorTypes as ErrorTypes } from "./errorTypes.sol"; import { LiquiditySlotsLink } from "./liquiditySlotsLink.sol"; import { BigMathMinified } from "./bigMathMinified.sol"; /// @notice implements calculation methods used for Fluid liquidity such as updated exchange prices, /// borrow rate, withdrawal / borrow limits, revenue amount. library LiquidityCalcs { error FluidLiquidityCalcsError(uint256 errorId_); /// @notice emitted if the calculated borrow rate surpassed max borrow rate (16 bits) and was capped at maximum value 65535 event BorrowRateMaxCap(); /// @dev constants as from Liquidity variables.sol uint256 internal constant EXCHANGE_PRICES_PRECISION = 1e12; /// @dev Ignoring leap years uint256 internal constant SECONDS_PER_YEAR = 365 days; // constants used for BigMath conversion from and to storage uint256 internal constant DEFAULT_EXPONENT_SIZE = 8; uint256 internal constant DEFAULT_EXPONENT_MASK = 0xFF; uint256 internal constant FOUR_DECIMALS = 1e4; uint256 internal constant TWELVE_DECIMALS = 1e12; uint256 internal constant X14 = 0x3fff; uint256 internal constant X15 = 0x7fff; uint256 internal constant X16 = 0xffff; uint256 internal constant X18 = 0x3ffff; uint256 internal constant X24 = 0xffffff; uint256 internal constant X33 = 0x1ffffffff; uint256 internal constant X64 = 0xffffffffffffffff; /////////////////////////////////////////////////////////////////////////// ////////// CALC EXCHANGE PRICES ///////// /////////////////////////////////////////////////////////////////////////// /// @dev calculates interest (exchange prices) for a token given its' exchangePricesAndConfig from storage. /// @param exchangePricesAndConfig_ exchange prices and config packed uint256 read from storage /// @return supplyExchangePrice_ updated supplyExchangePrice /// @return borrowExchangePrice_ updated borrowExchangePrice function calcExchangePrices( uint256 exchangePricesAndConfig_ ) internal view returns (uint256 supplyExchangePrice_, uint256 borrowExchangePrice_) { // Extracting exchange prices supplyExchangePrice_ = (exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_SUPPLY_EXCHANGE_PRICE) & X64; borrowExchangePrice_ = (exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_BORROW_EXCHANGE_PRICE) & X64; if (supplyExchangePrice_ == 0 || borrowExchangePrice_ == 0) { revert FluidLiquidityCalcsError(ErrorTypes.LiquidityCalcs__ExchangePriceZero); } uint256 temp_ = exchangePricesAndConfig_ & X16; // temp_ = borrowRate unchecked { // last timestamp can not be > current timestamp uint256 secondsSinceLastUpdate_ = block.timestamp - ((exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_LAST_TIMESTAMP) & X33); uint256 borrowRatio_ = (exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_BORROW_RATIO) & X15; if (secondsSinceLastUpdate_ == 0 || temp_ == 0 || borrowRatio_ == 1) { // if no time passed, borrow rate is 0, or no raw borrowings: no exchange price update needed // (if borrowRatio_ == 1 means there is only borrowInterestFree, as first bit is 1 and rest is 0) return (supplyExchangePrice_, borrowExchangePrice_); } // calculate new borrow exchange price. // formula borrowExchangePriceIncrease: previous price * borrow rate * secondsSinceLastUpdate_. // nominator is max uint112 (uint64 * uint16 * uint32). Divisor can not be 0. borrowExchangePrice_ += (borrowExchangePrice_ * temp_ * secondsSinceLastUpdate_) / (SECONDS_PER_YEAR * FOUR_DECIMALS); // FOR SUPPLY EXCHANGE PRICE: // all yield paid by borrowers (in mode with interest) goes to suppliers in mode with interest. // formula: previous price * supply rate * secondsSinceLastUpdate_. // where supply rate = (borrow rate - revenueFee%) * ratioSupplyYield. And // ratioSupplyYield = utilization * supplyRatio * borrowRatio // // Example: // supplyRawInterest is 80, supplyInterestFree is 20. totalSupply is 100. BorrowedRawInterest is 50. // BorrowInterestFree is 10. TotalBorrow is 60. borrow rate 40%, revenueFee 10%. // yield is 10 (so half a year must have passed). // supplyRawInterest must become worth 89. totalSupply must become 109. BorrowedRawInterest must become 60. // borrowInterestFree must still be 10. supplyInterestFree still 20. totalBorrow 70. // supplyExchangePrice would have to go from 1 to 1,125 (+ 0.125). borrowExchangePrice from 1 to 1,2 (+0.2). // utilization is 60%. supplyRatio = 20 / 80 = 25% (only 80% of lenders receiving yield). // borrowRatio = 10 / 50 = 20% (only 83,333% of borrowers paying yield): // x of borrowers paying yield = 100% - (20 / (100 + 20)) = 100% - 16.6666666% = 83,333%. // ratioSupplyYield = 60% * 83,33333% * (100% + 20%) = 62,5% // supplyRate = (40% * (100% - 10%)) * = 36% * 62,5% = 22.5% // increase in supplyExchangePrice, assuming 100 as previous price. // 100 * 22,5% * 1/2 (half a year) = 0,1125. // cross-check supplyRawInterest worth = 80 * 1.1125 = 89. totalSupply worth = 89 + 20. // -------------- 1. calculate ratioSupplyYield -------------------------------- // step1: utilization * supplyRatio (or actually part of lenders receiving yield) // temp_ => supplyRatio (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383) // if first bit 0 then ratio is supplyInterestFree / supplyWithInterest (supplyWithInterest is bigger) // else ratio is supplyWithInterest / supplyInterestFree (supplyInterestFree is bigger) temp_ = (exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_SUPPLY_RATIO) & X15; if (temp_ == 1) { // if no raw supply: no exchange price update needed // (if supplyRatio_ == 1 means there is only supplyInterestFree, as first bit is 1 and rest is 0) return (supplyExchangePrice_, borrowExchangePrice_); } // ratioSupplyYield precision is 1e27 as 100% for increased precision when supplyInterestFree > supplyWithInterest if (temp_ & 1 == 1) { // ratio is supplyWithInterest / supplyInterestFree (supplyInterestFree is bigger) temp_ = temp_ >> 1; // Note: case where temp_ == 0 (only supplyInterestFree, no yield) already covered by early return // in the if statement a little above. // based on above example but supplyRawInterest is 20, supplyInterestFree is 80. no fee. // supplyRawInterest must become worth 30. totalSupply must become 110. // supplyExchangePrice would have to go from 1 to 1,5. borrowExchangePrice from 1 to 1,2. // so ratioSupplyYield must come out as 2.5 (250%). // supplyRatio would be (20 * 10_000 / 80) = 2500. but must be inverted. temp_ = (1e27 * FOUR_DECIMALS) / temp_; // e.g. 1e31 / 2500 = 4e27. (* 1e27 for precision) // e.g. 5_000 * (1e27 + 4e27) / 1e27 = 25_000 (=250%). temp_ = // utilization * (100% + 100% / supplyRatio) (((exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_UTILIZATION) & X14) * (1e27 + temp_)) / // extract utilization (max 16_383 so there is no way this can overflow). (FOUR_DECIMALS); // max possible value of temp_ here is 16383 * (1e27 + 1e31) / 1e4 = ~1.64e31 } else { // ratio is supplyInterestFree / supplyWithInterest (supplyWithInterest is bigger) temp_ = temp_ >> 1; // if temp_ == 0 then only supplyWithInterest => full yield. temp_ is already 0 // e.g. 5_000 * 10_000 + (20 * 10_000 / 80) / 10_000 = 5000 * 12500 / 10000 = 6250 (=62.5%). temp_ = // 1e27 * utilization * (100% + supplyRatio) / 100% (1e27 * ((exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_UTILIZATION) & X14) * // extract utilization (max 16_383 so there is no way this can overflow). (FOUR_DECIMALS + temp_)) / (FOUR_DECIMALS * FOUR_DECIMALS); // max possible temp_ value: 1e27 * 16383 * 2e4 / 1e8 = 3.2766e27 } // from here temp_ => ratioSupplyYield (utilization * supplyRatio part) scaled by 1e27. max possible value ~1.64e31 // step2 of ratioSupplyYield: add borrowRatio (only x% of borrowers paying yield) if (borrowRatio_ & 1 == 1) { // ratio is borrowWithInterest / borrowInterestFree (borrowInterestFree is bigger) borrowRatio_ = borrowRatio_ >> 1; // borrowRatio_ => x of total bororwers paying yield. scale to 1e27. // Note: case where borrowRatio_ == 0 (only borrowInterestFree, no yield) already covered // at the beginning of the method by early return if `borrowRatio_ == 1`. // based on above example but borrowRawInterest is 10, borrowInterestFree is 50. no fee. borrowRatio = 20%. // so only 16.66% of borrowers are paying yield. so the 100% - part of the formula is not needed. // x of borrowers paying yield = (borrowRatio / (100 + borrowRatio)) = 16.6666666% // borrowRatio_ => x of total bororwers paying yield. scale to 1e27. borrowRatio_ = (borrowRatio_ * 1e27) / (FOUR_DECIMALS + borrowRatio_); // max value here for borrowRatio_ is (1e31 / (1e4 + 1e4))= 5e26 (= 50% of borrowers paying yield). } else { // ratio is borrowInterestFree / borrowWithInterest (borrowWithInterest is bigger) borrowRatio_ = borrowRatio_ >> 1; // borrowRatio_ => x of total bororwers paying yield. scale to 1e27. // x of borrowers paying yield = 100% - (borrowRatio / (100 + borrowRatio)) = 100% - 16.6666666% = 83,333%. borrowRatio_ = (1e27 - ((borrowRatio_ * 1e27) / (FOUR_DECIMALS + borrowRatio_))); // borrowRatio can never be > 100%. so max subtraction can be 100% - 100% / 200%. // or if borrowRatio_ is 0 -> 100% - 0. or if borrowRatio_ is 1 -> 100% - 1 / 101. // max value here for borrowRatio_ is 1e27 - 0 = 1e27 (= 100% of borrowers paying yield). } // temp_ => ratioSupplyYield. scaled down from 1e25 = 1% each to normal percent precision 1e2 = 1%. // max nominator value is ~1.64e31 * 1e27 = 1.64e58. max result = 1.64e8 temp_ = (FOUR_DECIMALS * temp_ * borrowRatio_) / 1e54; // 2. calculate supply rate // temp_ => supply rate (borrow rate - revenueFee%) * ratioSupplyYield. // division part is done in next step to increase precision. (divided by 2x FOUR_DECIMALS, fee + borrowRate) // Note that all calculation divisions for supplyExchangePrice are rounded down. // Note supply rate can be bigger than the borrowRate, e.g. if there are only few lenders with interest // but more suppliers not earning interest. temp_ = ((exchangePricesAndConfig_ & X16) * // borrow rate temp_ * // ratioSupplyYield (FOUR_DECIMALS - ((exchangePricesAndConfig_ >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_FEE) & X14))); // revenueFee // fee can not be > 100%. max possible = 65535 * ~1.64e8 * 1e4 =~1.074774e17. // 3. calculate increase in supply exchange price supplyExchangePrice_ += ((supplyExchangePrice_ * temp_ * secondsSinceLastUpdate_) / (SECONDS_PER_YEAR * FOUR_DECIMALS * FOUR_DECIMALS * FOUR_DECIMALS)); // max possible nominator = max uint 64 * 1.074774e17 * max uint32 = ~8.52e45. Denominator can not be 0. } } /////////////////////////////////////////////////////////////////////////// ////////// CALC REVENUE ///////// /////////////////////////////////////////////////////////////////////////// /// @dev gets the `revenueAmount_` for a token given its' totalAmounts and exchangePricesAndConfig from storage /// and the current balance of the Fluid liquidity contract for the token. /// @param totalAmounts_ total amounts packed uint256 read from storage /// @param exchangePricesAndConfig_ exchange prices and config packed uint256 read from storage /// @param liquidityTokenBalance_ current balance of Liquidity contract (IERC20(token_).balanceOf(address(this))) /// @return revenueAmount_ collectable revenue amount function calcRevenue( uint256 totalAmounts_, uint256 exchangePricesAndConfig_, uint256 liquidityTokenBalance_ ) internal view returns (uint256 revenueAmount_) { // @dev no need to super-optimize this method as it is only used by admin // calculate the new exchange prices based on earned interest (uint256 supplyExchangePrice_, uint256 borrowExchangePrice_) = calcExchangePrices(exchangePricesAndConfig_); // total supply = interest free + with interest converted from raw uint256 totalSupply_ = getTotalSupply(totalAmounts_, supplyExchangePrice_); if (totalSupply_ > 0) { // available revenue: balanceOf(token) + totalBorrowings - totalLendings. revenueAmount_ = liquidityTokenBalance_ + getTotalBorrow(totalAmounts_, borrowExchangePrice_); // ensure there is no possible case because of rounding etc. where this would revert, // explicitly check if > revenueAmount_ = revenueAmount_ > totalSupply_ ? revenueAmount_ - totalSupply_ : 0; // Note: if utilization > 100% (totalSupply < totalBorrow), then all the amount above 100% utilization // can only be revenue. } else { // if supply is 0, then rest of balance can be withdrawn as revenue so that no amounts get stuck revenueAmount_ = liquidityTokenBalance_; } } /////////////////////////////////////////////////////////////////////////// ////////// CALC LIMITS ///////// /////////////////////////////////////////////////////////////////////////// /// @dev calculates withdrawal limit before an operate execution: /// amount of user supply that must stay supplied (not amount that can be withdrawn). /// i.e. if user has supplied 100m and can withdraw 5M, this method returns the 95M, not the withdrawable amount 5M /// @param userSupplyData_ user supply data packed uint256 from storage /// @param userSupply_ current user supply amount already extracted from `userSupplyData_` and converted from BigMath /// @return currentWithdrawalLimit_ current withdrawal limit updated for expansion since last interaction. /// returned value is in raw for with interest mode, normal amount for interest free mode! function calcWithdrawalLimitBeforeOperate( uint256 userSupplyData_, uint256 userSupply_ ) internal view returns (uint256 currentWithdrawalLimit_) { // @dev must support handling the case where timestamp is 0 (config is set but no interactions yet). // first tx where timestamp is 0 will enter `if (lastWithdrawalLimit_ == 0)` because lastWithdrawalLimit_ is not set yet. // returning max withdrawal allowed, which is not exactly right but doesn't matter because the first interaction must be // a deposit anyway. Important is that it would not revert. // Note the first time a deposit brings the user supply amount to above the base withdrawal limit, the active limit // is the fully expanded limit immediately. // extract last set withdrawal limit uint256 lastWithdrawalLimit_ = (userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_PREVIOUS_WITHDRAWAL_LIMIT) & X64; lastWithdrawalLimit_ = (lastWithdrawalLimit_ >> DEFAULT_EXPONENT_SIZE) << (lastWithdrawalLimit_ & DEFAULT_EXPONENT_MASK); if (lastWithdrawalLimit_ == 0) { // withdrawal limit is not activated. Max withdrawal allowed return 0; } uint256 maxWithdrawableLimit_; uint256 temp_; unchecked { // extract max withdrawable percent of user supply and // calculate maximum withdrawable amount expandPercentage of user supply at full expansion duration elapsed // e.g.: if 10% expandPercentage, meaning 10% is withdrawable after full expandDuration has elapsed. // userSupply_ needs to be atleast 1e73 to overflow max limit of ~1e77 in uint256 (no token in existence where this is possible). maxWithdrawableLimit_ = (((userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_EXPAND_PERCENT) & X14) * userSupply_) / FOUR_DECIMALS; // time elapsed since last withdrawal limit was set (in seconds) // @dev last process timestamp is guaranteed to exist for withdrawal, as a supply must have happened before. // last timestamp can not be > current timestamp temp_ = block.timestamp - ((userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_LAST_UPDATE_TIMESTAMP) & X33); } // calculate withdrawable amount of expandPercent that is elapsed of expandDuration. // e.g. if 60% of expandDuration has elapsed, then user should be able to withdraw 6% of user supply, down to 94%. // Note: no explicit check for this needed, it is covered by setting minWithdrawalLimit_ if needed. temp_ = (maxWithdrawableLimit_ * temp_) / // extract expand duration: After this, decrement won't happen (user can withdraw 100% of withdraw limit) ((userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_EXPAND_DURATION) & X24); // expand duration can never be 0 // calculate expanded withdrawal limit: last withdrawal limit - withdrawable amount. // Note: withdrawable amount here can grow bigger than userSupply if timeElapsed is a lot bigger than expandDuration, // which would cause the subtraction `lastWithdrawalLimit_ - withdrawableAmount_` to revert. In that case, set 0 // which will cause minimum (fully expanded) withdrawal limit to be set in lines below. unchecked { // underflow explicitly checked & handled currentWithdrawalLimit_ = lastWithdrawalLimit_ > temp_ ? lastWithdrawalLimit_ - temp_ : 0; // calculate minimum withdrawal limit: minimum amount of user supply that must stay supplied at full expansion. // subtraction can not underflow as maxWithdrawableLimit_ is a percentage amount (<=100%) of userSupply_ temp_ = userSupply_ - maxWithdrawableLimit_; } // if withdrawal limit is decreased below minimum then set minimum // (e.g. when more than expandDuration time has elapsed) if (temp_ > currentWithdrawalLimit_) { currentWithdrawalLimit_ = temp_; } } /// @dev calculates withdrawal limit after an operate execution: /// amount of user supply that must stay supplied (not amount that can be withdrawn). /// i.e. if user has supplied 100m and can withdraw 5M, this method returns the 95M, not the withdrawable amount 5M /// @param userSupplyData_ user supply data packed uint256 from storage /// @param userSupply_ current user supply amount already extracted from `userSupplyData_` and added / subtracted with the executed operate amount /// @param newWithdrawalLimit_ current withdrawal limit updated for expansion since last interaction, result from `calcWithdrawalLimitBeforeOperate` /// @return withdrawalLimit_ updated withdrawal limit that should be written to storage. returned value is in /// raw for with interest mode, normal amount for interest free mode! function calcWithdrawalLimitAfterOperate( uint256 userSupplyData_, uint256 userSupply_, uint256 newWithdrawalLimit_ ) internal pure returns (uint256) { // temp_ => base withdrawal limit. below this, maximum withdrawals are allowed uint256 temp_ = (userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_BASE_WITHDRAWAL_LIMIT) & X18; temp_ = (temp_ >> DEFAULT_EXPONENT_SIZE) << (temp_ & DEFAULT_EXPONENT_MASK); // if user supply is below base limit then max withdrawals are allowed if (userSupply_ < temp_) { return 0; } // temp_ => withdrawal limit expandPercent (is in 1e2 decimals) temp_ = (userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_EXPAND_PERCENT) & X14; unchecked { // temp_ => minimum withdrawal limit: userSupply - max withdrawable limit (userSupply * expandPercent)) // userSupply_ needs to be atleast 1e73 to overflow max limit of ~1e77 in uint256 (no token in existence where this is possible). // subtraction can not underflow as maxWithdrawableLimit_ is a percentage amount (<=100%) of userSupply_ temp_ = userSupply_ - ((userSupply_ * temp_) / FOUR_DECIMALS); } // if new (before operation) withdrawal limit is less than minimum limit then set minimum limit. // e.g. can happen on new deposits. withdrawal limit is instantly fully expanded in a scenario where // increased deposit amount outpaces withrawals. if (temp_ > newWithdrawalLimit_) { return temp_; } return newWithdrawalLimit_; } /// @dev calculates borrow limit before an operate execution: /// total amount user borrow can reach (not borrowable amount in current operation). /// i.e. if user has borrowed 50M and can still borrow 5M, this method returns the total 55M, not the borrowable amount 5M /// @param userBorrowData_ user borrow data packed uint256 from storage /// @param userBorrow_ current user borrow amount already extracted from `userBorrowData_` /// @return currentBorrowLimit_ current borrow limit updated for expansion since last interaction. returned value is in /// raw for with interest mode, normal amount for interest free mode! function calcBorrowLimitBeforeOperate( uint256 userBorrowData_, uint256 userBorrow_ ) internal view returns (uint256 currentBorrowLimit_) { // @dev must support handling the case where timestamp is 0 (config is set but no interactions yet) -> base limit. // first tx where timestamp is 0 will enter `if (maxExpandedBorrowLimit_ < baseBorrowLimit_)` because `userBorrow_` and thus // `maxExpansionLimit_` and thus `maxExpandedBorrowLimit_` is 0 and `baseBorrowLimit_` can not be 0. // temp_ = extract borrow expand percent (is in 1e2 decimals) uint256 temp_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_EXPAND_PERCENT) & X14; uint256 maxExpansionLimit_; uint256 maxExpandedBorrowLimit_; unchecked { // calculate max expansion limit: Max amount limit can expand to since last interaction // userBorrow_ needs to be atleast 1e73 to overflow max limit of ~1e77 in uint256 (no token in existence where this is possible). maxExpansionLimit_ = ((userBorrow_ * temp_) / FOUR_DECIMALS); // calculate max borrow limit: Max point limit can increase to since last interaction maxExpandedBorrowLimit_ = userBorrow_ + maxExpansionLimit_; } // currentBorrowLimit_ = extract base borrow limit currentBorrowLimit_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_BASE_BORROW_LIMIT) & X18; currentBorrowLimit_ = (currentBorrowLimit_ >> DEFAULT_EXPONENT_SIZE) << (currentBorrowLimit_ & DEFAULT_EXPONENT_MASK); if (maxExpandedBorrowLimit_ < currentBorrowLimit_) { return currentBorrowLimit_; } // time elapsed since last borrow limit was set (in seconds) unchecked { // temp_ = timeElapsed_ (last timestamp can not be > current timestamp) temp_ = block.timestamp - ((userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_LAST_UPDATE_TIMESTAMP) & X33); // extract last update timestamp } // currentBorrowLimit_ = expandedBorrowableAmount + extract last set borrow limit currentBorrowLimit_ = // calculate borrow limit expansion since last interaction for `expandPercent` that is elapsed of `expandDuration`. // divisor is extract expand duration (after this, full expansion to expandPercentage happened). ((maxExpansionLimit_ * temp_) / ((userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_EXPAND_DURATION) & X24)) + // expand duration can never be 0 // extract last set borrow limit BigMathMinified.fromBigNumber( (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_PREVIOUS_BORROW_LIMIT) & X64, DEFAULT_EXPONENT_SIZE, DEFAULT_EXPONENT_MASK ); // if timeElapsed is bigger than expandDuration, new borrow limit would be > max expansion, // so set to `maxExpandedBorrowLimit_` in that case. // also covers the case where last process timestamp = 0 (timeElapsed would simply be very big) if (currentBorrowLimit_ > maxExpandedBorrowLimit_) { currentBorrowLimit_ = maxExpandedBorrowLimit_; } // temp_ = extract hard max borrow limit. Above this user can never borrow (not expandable above) temp_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_MAX_BORROW_LIMIT) & X18; temp_ = (temp_ >> DEFAULT_EXPONENT_SIZE) << (temp_ & DEFAULT_EXPONENT_MASK); if (currentBorrowLimit_ > temp_) { currentBorrowLimit_ = temp_; } } /// @dev calculates borrow limit after an operate execution: /// total amount user borrow can reach (not borrowable amount in current operation). /// i.e. if user has borrowed 50M and can still borrow 5M, this method returns the total 55M, not the borrowable amount 5M /// @param userBorrowData_ user borrow data packed uint256 from storage /// @param userBorrow_ current user borrow amount already extracted from `userBorrowData_` and added / subtracted with the executed operate amount /// @param newBorrowLimit_ current borrow limit updated for expansion since last interaction, result from `calcBorrowLimitBeforeOperate` /// @return borrowLimit_ updated borrow limit that should be written to storage. /// returned value is in raw for with interest mode, normal amount for interest free mode! function calcBorrowLimitAfterOperate( uint256 userBorrowData_, uint256 userBorrow_, uint256 newBorrowLimit_ ) internal pure returns (uint256 borrowLimit_) { // temp_ = extract borrow expand percent uint256 temp_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_EXPAND_PERCENT) & X14; // (is in 1e2 decimals) unchecked { // borrowLimit_ = calculate maximum borrow limit at full expansion. // userBorrow_ needs to be at least 1e73 to overflow max limit of ~1e77 in uint256 (no token in existence where this is possible). borrowLimit_ = userBorrow_ + ((userBorrow_ * temp_) / FOUR_DECIMALS); } // temp_ = extract base borrow limit temp_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_BASE_BORROW_LIMIT) & X18; temp_ = (temp_ >> DEFAULT_EXPONENT_SIZE) << (temp_ & DEFAULT_EXPONENT_MASK); if (borrowLimit_ < temp_) { // below base limit, borrow limit is always base limit return temp_; } // temp_ = extract hard max borrow limit. Above this user can never borrow (not expandable above) temp_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_MAX_BORROW_LIMIT) & X18; temp_ = (temp_ >> DEFAULT_EXPONENT_SIZE) << (temp_ & DEFAULT_EXPONENT_MASK); // make sure fully expanded borrow limit is not above hard max borrow limit if (borrowLimit_ > temp_) { borrowLimit_ = temp_; } // if new borrow limit (from before operate) is > max borrow limit, set max borrow limit. // (e.g. on a repay shrinking instantly to fully expanded borrow limit from new borrow amount. shrinking is instant) if (newBorrowLimit_ > borrowLimit_) { return borrowLimit_; } return newBorrowLimit_; } /////////////////////////////////////////////////////////////////////////// ////////// CALC RATES ///////// /////////////////////////////////////////////////////////////////////////// /// @dev Calculates new borrow rate from utilization for a token /// @param rateData_ rate data packed uint256 from storage for the token /// @param utilization_ totalBorrow / totalSupply. 1e4 = 100% utilization /// @return rate_ rate for that particular token in 1e2 precision (e.g. 5% rate = 500) function calcBorrowRateFromUtilization(uint256 rateData_, uint256 utilization_) internal returns (uint256 rate_) { // extract rate version: 4 bits (0xF) starting from bit 0 uint256 rateVersion_ = (rateData_ & 0xF); if (rateVersion_ == 1) { rate_ = calcRateV1(rateData_, utilization_); } else if (rateVersion_ == 2) { rate_ = calcRateV2(rateData_, utilization_); } else { revert FluidLiquidityCalcsError(ErrorTypes.LiquidityCalcs__UnsupportedRateVersion); } if (rate_ > X16) { // hard cap for borrow rate at maximum value 16 bits (65535) to make sure it does not overflow storage space. // this is unlikely to ever happen if configs stay within expected levels. rate_ = X16; // emit event to more easily become aware emit BorrowRateMaxCap(); } } /// @dev calculates the borrow rate based on utilization for rate data version 1 (with one kink) in 1e2 precision /// @param rateData_ rate data packed uint256 from storage for the token /// @param utilization_ in 1e2 (100% = 1e4) /// @return rate_ rate in 1e2 precision function calcRateV1(uint256 rateData_, uint256 utilization_) internal pure returns (uint256 rate_) { /// For rate v1 (one kink) ------------------------------------------------------ /// Next 16 bits => 4 - 19 => Rate at utilization 0% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 20- 35 => Utilization at kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 36- 51 => Rate at utilization kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 52- 67 => Rate at utilization 100% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Last 188 bits => 68-255 => blank, might come in use in future // y = mx + c. // y is borrow rate // x is utilization // m = slope (m can also be negative for declining rates) // c is constant (c can be negative) uint256 y1_; uint256 y2_; uint256 x1_; uint256 x2_; // extract kink1: 16 bits (0xFFFF) starting from bit 20 // kink is in 1e2, same as utilization, so no conversion needed for direct comparison of the two uint256 kink1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V1_UTILIZATION_AT_KINK) & X16; if (utilization_ < kink1_) { // if utilization is less than kink y1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_ZERO) & X16; y2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_KINK) & X16; x1_ = 0; // 0% x2_ = kink1_; } else { // else utilization is greater than kink y1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_KINK) & X16; y2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_MAX) & X16; x1_ = kink1_; x2_ = FOUR_DECIMALS; // 100% } int256 constant_; int256 slope_; unchecked { // calculating slope with twelve decimal precision. m = (y2 - y1) / (x2 - x1). // utilization of x2 can not be <= utilization of x1 (so no underflow or 0 divisor) // y is in 1e2 so can not overflow when multiplied with TWELVE_DECIMALS slope_ = (int256(y2_ - y1_) * int256(TWELVE_DECIMALS)) / int256((x2_ - x1_)); // calculating constant at 12 decimal precision. slope is already in 12 decimal hence only multiple with y1. c = y - mx. // maximum y1_ value is 65535. 65535 * 1e12 can not overflow int256 // maximum slope is 65535 - 0 * TWELVE_DECIMALS / 1 = 65535 * 1e12; // maximum x1_ is 100% (9_999 actually) => slope_ * x1_ can not overflow int256 // subtraction most extreme case would be 0 - max value slope_ * x1_ => can not underflow int256 constant_ = int256(y1_ * TWELVE_DECIMALS) - (slope_ * int256(x1_)); // calculating new borrow rate // - slope_ max value is 65535 * 1e12, // - utilization max value is let's say 500% (extreme case where borrow rate increases borrow amount without new supply) // - constant max value is 65535 * 1e12 // so max values are 65535 * 1e12 * 50_000 + 65535 * 1e12 -> 3.2768*10^21, which easily fits int256 // divisor TWELVE_DECIMALS can not be 0 slope_ = (slope_ * int256(utilization_)) + constant_; // reusing `slope_` as variable for gas savings if (slope_ < 0) { revert FluidLiquidityCalcsError(ErrorTypes.LiquidityCalcs__BorrowRateNegative); } rate_ = uint256(slope_) / TWELVE_DECIMALS; } } /// @dev calculates the borrow rate based on utilization for rate data version 2 (with two kinks) in 1e4 precision /// @param rateData_ rate data packed uint256 from storage for the token /// @param utilization_ in 1e2 (100% = 1e4) /// @return rate_ rate in 1e4 precision function calcRateV2(uint256 rateData_, uint256 utilization_) internal pure returns (uint256 rate_) { /// For rate v2 (two kinks) ----------------------------------------------------- /// Next 16 bits => 4 - 19 => Rate at utilization 0% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 20- 35 => Utilization at kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 36- 51 => Rate at utilization kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 52- 67 => Utilization at kink2 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 68- 83 => Rate at utilization kink2 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 84- 99 => Rate at utilization 100% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Last 156 bits => 100-255 => blank, might come in use in future // y = mx + c. // y is borrow rate // x is utilization // m = slope (m can also be negative for declining rates) // c is constant (c can be negative) uint256 y1_; uint256 y2_; uint256 x1_; uint256 x2_; // extract kink1: 16 bits (0xFFFF) starting from bit 20 // kink is in 1e2, same as utilization, so no conversion needed for direct comparison of the two uint256 kink1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_UTILIZATION_AT_KINK1) & X16; if (utilization_ < kink1_) { // if utilization is less than kink1 y1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_ZERO) & X16; y2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK1) & X16; x1_ = 0; // 0% x2_ = kink1_; } else { // extract kink2: 16 bits (0xFFFF) starting from bit 52 uint256 kink2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_UTILIZATION_AT_KINK2) & X16; if (utilization_ < kink2_) { // if utilization is less than kink2 y1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK1) & X16; y2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK2) & X16; x1_ = kink1_; x2_ = kink2_; } else { // else utilization is greater than kink2 y1_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK2) & X16; y2_ = (rateData_ >> LiquiditySlotsLink.BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_MAX) & X16; x1_ = kink2_; x2_ = FOUR_DECIMALS; } } int256 constant_; int256 slope_; unchecked { // calculating slope with twelve decimal precision. m = (y2 - y1) / (x2 - x1). // utilization of x2 can not be <= utilization of x1 (so no underflow or 0 divisor) // y is in 1e2 so can not overflow when multiplied with TWELVE_DECIMALS slope_ = (int256(y2_ - y1_) * int256(TWELVE_DECIMALS)) / int256((x2_ - x1_)); // calculating constant at 12 decimal precision. slope is already in 12 decimal hence only multiple with y1. c = y - mx. // maximum y1_ value is 65535. 65535 * 1e12 can not overflow int256 // maximum slope is 65535 - 0 * TWELVE_DECIMALS / 1 = 65535 * 1e12; // maximum x1_ is 100% (9_999 actually) => slope_ * x1_ can not overflow int256 // subtraction most extreme case would be 0 - max value slope_ * x1_ => can not underflow int256 constant_ = int256(y1_ * TWELVE_DECIMALS) - (slope_ * int256(x1_)); // calculating new borrow rate // - slope_ max value is 65535 * 1e12, // - utilization max value is let's say 500% (extreme case where borrow rate increases borrow amount without new supply) // - constant max value is 65535 * 1e12 // so max values are 65535 * 1e12 * 50_000 + 65535 * 1e12 -> 3.2768*10^21, which easily fits int256 // divisor TWELVE_DECIMALS can not be 0 slope_ = (slope_ * int256(utilization_)) + constant_; // reusing `slope_` as variable for gas savings if (slope_ < 0) { revert FluidLiquidityCalcsError(ErrorTypes.LiquidityCalcs__BorrowRateNegative); } rate_ = uint256(slope_) / TWELVE_DECIMALS; } } /// @dev reads the total supply out of Liquidity packed storage `totalAmounts_` for `supplyExchangePrice_` function getTotalSupply( uint256 totalAmounts_, uint256 supplyExchangePrice_ ) internal pure returns (uint256 totalSupply_) { // totalSupply_ => supplyInterestFree totalSupply_ = (totalAmounts_ >> LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_SUPPLY_INTEREST_FREE) & X64; totalSupply_ = (totalSupply_ >> DEFAULT_EXPONENT_SIZE) << (totalSupply_ & DEFAULT_EXPONENT_MASK); uint256 totalSupplyRaw_ = totalAmounts_ & X64; // no shifting as supplyRaw is first 64 bits totalSupplyRaw_ = (totalSupplyRaw_ >> DEFAULT_EXPONENT_SIZE) << (totalSupplyRaw_ & DEFAULT_EXPONENT_MASK); // totalSupply = supplyInterestFree + supplyRawInterest normalized from raw totalSupply_ += ((totalSupplyRaw_ * supplyExchangePrice_) / EXCHANGE_PRICES_PRECISION); } /// @dev reads the total borrow out of Liquidity packed storage `totalAmounts_` for `borrowExchangePrice_` function getTotalBorrow( uint256 totalAmounts_, uint256 borrowExchangePrice_ ) internal pure returns (uint256 totalBorrow_) { // totalBorrow_ => borrowInterestFree // no & mask needed for borrow interest free as it occupies the last bits in the storage slot totalBorrow_ = (totalAmounts_ >> LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_BORROW_INTEREST_FREE); totalBorrow_ = (totalBorrow_ >> DEFAULT_EXPONENT_SIZE) << (totalBorrow_ & DEFAULT_EXPONENT_MASK); uint256 totalBorrowRaw_ = (totalAmounts_ >> LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_BORROW_WITH_INTEREST) & X64; totalBorrowRaw_ = (totalBorrowRaw_ >> DEFAULT_EXPONENT_SIZE) << (totalBorrowRaw_ & DEFAULT_EXPONENT_MASK); // totalBorrow = borrowInterestFree + borrowRawInterest normalized from raw totalBorrow_ += ((totalBorrowRaw_ * borrowExchangePrice_) / EXCHANGE_PRICES_PRECISION); } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; /// @notice library that helps in reading / working with storage slot data of Fluid Liquidity. /// @dev as all data for Fluid Liquidity is internal, any data must be fetched directly through manual /// slot reading through this library or, if gas usage is less important, through the FluidLiquidityResolver. library LiquiditySlotsLink { /// @dev storage slot for status at Liquidity uint256 internal constant LIQUIDITY_STATUS_SLOT = 1; /// @dev storage slot for auths mapping at Liquidity uint256 internal constant LIQUIDITY_AUTHS_MAPPING_SLOT = 2; /// @dev storage slot for guardians mapping at Liquidity uint256 internal constant LIQUIDITY_GUARDIANS_MAPPING_SLOT = 3; /// @dev storage slot for user class mapping at Liquidity uint256 internal constant LIQUIDITY_USER_CLASS_MAPPING_SLOT = 4; /// @dev storage slot for exchangePricesAndConfig mapping at Liquidity uint256 internal constant LIQUIDITY_EXCHANGE_PRICES_MAPPING_SLOT = 5; /// @dev storage slot for rateData mapping at Liquidity uint256 internal constant LIQUIDITY_RATE_DATA_MAPPING_SLOT = 6; /// @dev storage slot for totalAmounts mapping at Liquidity uint256 internal constant LIQUIDITY_TOTAL_AMOUNTS_MAPPING_SLOT = 7; /// @dev storage slot for user supply double mapping at Liquidity uint256 internal constant LIQUIDITY_USER_SUPPLY_DOUBLE_MAPPING_SLOT = 8; /// @dev storage slot for user borrow double mapping at Liquidity uint256 internal constant LIQUIDITY_USER_BORROW_DOUBLE_MAPPING_SLOT = 9; /// @dev storage slot for listed tokens array at Liquidity uint256 internal constant LIQUIDITY_LISTED_TOKENS_ARRAY_SLOT = 10; /// @dev storage slot for listed tokens array at Liquidity uint256 internal constant LIQUIDITY_CONFIGS2_MAPPING_SLOT = 11; // -------------------------------- // @dev stacked uint256 storage slots bits position data for each: // ExchangePricesAndConfig uint256 internal constant BITS_EXCHANGE_PRICES_BORROW_RATE = 0; uint256 internal constant BITS_EXCHANGE_PRICES_FEE = 16; uint256 internal constant BITS_EXCHANGE_PRICES_UTILIZATION = 30; uint256 internal constant BITS_EXCHANGE_PRICES_UPDATE_THRESHOLD = 44; uint256 internal constant BITS_EXCHANGE_PRICES_LAST_TIMESTAMP = 58; uint256 internal constant BITS_EXCHANGE_PRICES_SUPPLY_EXCHANGE_PRICE = 91; uint256 internal constant BITS_EXCHANGE_PRICES_BORROW_EXCHANGE_PRICE = 155; uint256 internal constant BITS_EXCHANGE_PRICES_SUPPLY_RATIO = 219; uint256 internal constant BITS_EXCHANGE_PRICES_BORROW_RATIO = 234; uint256 internal constant BITS_EXCHANGE_PRICES_USES_CONFIGS2 = 249; // RateData: uint256 internal constant BITS_RATE_DATA_VERSION = 0; // RateData: V1 uint256 internal constant BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_ZERO = 4; uint256 internal constant BITS_RATE_DATA_V1_UTILIZATION_AT_KINK = 20; uint256 internal constant BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_KINK = 36; uint256 internal constant BITS_RATE_DATA_V1_RATE_AT_UTILIZATION_MAX = 52; // RateData: V2 uint256 internal constant BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_ZERO = 4; uint256 internal constant BITS_RATE_DATA_V2_UTILIZATION_AT_KINK1 = 20; uint256 internal constant BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK1 = 36; uint256 internal constant BITS_RATE_DATA_V2_UTILIZATION_AT_KINK2 = 52; uint256 internal constant BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_KINK2 = 68; uint256 internal constant BITS_RATE_DATA_V2_RATE_AT_UTILIZATION_MAX = 84; // TotalAmounts uint256 internal constant BITS_TOTAL_AMOUNTS_SUPPLY_WITH_INTEREST = 0; uint256 internal constant BITS_TOTAL_AMOUNTS_SUPPLY_INTEREST_FREE = 64; uint256 internal constant BITS_TOTAL_AMOUNTS_BORROW_WITH_INTEREST = 128; uint256 internal constant BITS_TOTAL_AMOUNTS_BORROW_INTEREST_FREE = 192; // UserSupplyData uint256 internal constant BITS_USER_SUPPLY_MODE = 0; uint256 internal constant BITS_USER_SUPPLY_AMOUNT = 1; uint256 internal constant BITS_USER_SUPPLY_PREVIOUS_WITHDRAWAL_LIMIT = 65; uint256 internal constant BITS_USER_SUPPLY_LAST_UPDATE_TIMESTAMP = 129; uint256 internal constant BITS_USER_SUPPLY_EXPAND_PERCENT = 162; uint256 internal constant BITS_USER_SUPPLY_EXPAND_DURATION = 176; uint256 internal constant BITS_USER_SUPPLY_BASE_WITHDRAWAL_LIMIT = 200; uint256 internal constant BITS_USER_SUPPLY_IS_PAUSED = 255; // UserBorrowData uint256 internal constant BITS_USER_BORROW_MODE = 0; uint256 internal constant BITS_USER_BORROW_AMOUNT = 1; uint256 internal constant BITS_USER_BORROW_PREVIOUS_BORROW_LIMIT = 65; uint256 internal constant BITS_USER_BORROW_LAST_UPDATE_TIMESTAMP = 129; uint256 internal constant BITS_USER_BORROW_EXPAND_PERCENT = 162; uint256 internal constant BITS_USER_BORROW_EXPAND_DURATION = 176; uint256 internal constant BITS_USER_BORROW_BASE_BORROW_LIMIT = 200; uint256 internal constant BITS_USER_BORROW_MAX_BORROW_LIMIT = 218; uint256 internal constant BITS_USER_BORROW_IS_PAUSED = 255; // Configs2 uint256 internal constant BITS_CONFIGS2_MAX_UTILIZATION = 0; // -------------------------------- /// @notice Calculating the slot ID for Liquidity contract for single mapping at `slot_` for `key_` function calculateMappingStorageSlot(uint256 slot_, address key_) internal pure returns (bytes32) { return keccak256(abi.encode(key_, slot_)); } /// @notice Calculating the slot ID for Liquidity contract for double mapping at `slot_` for `key1_` and `key2_` function calculateDoubleMappingStorageSlot( uint256 slot_, address key1_, address key2_ ) internal pure returns (bytes32) { bytes32 intermediateSlot_ = keccak256(abi.encode(key1_, slot_)); return keccak256(abi.encode(key2_, intermediateSlot_)); } } // SPDX-License-Identifier: MIT OR Apache-2.0 pragma solidity 0.8.21; import { LibsErrorTypes as ErrorTypes } from "./errorTypes.sol"; /// @notice provides minimalistic methods for safe transfers, e.g. ERC20 safeTransferFrom library SafeTransfer { uint256 internal constant MAX_NATIVE_TRANSFER_GAS = 20000; // pass max. 20k gas for native transfers error FluidSafeTransferError(uint256 errorId_); /// @dev Transfer `amount_` of `token_` from `from_` to `to_`, spending the approval given by `from_` to the /// calling contract. If `token_` returns no value, non-reverting calls are assumed to be successful. /// Minimally modified from Solmate SafeTransferLib (address as input param for token, Custom Error): /// https://github.com/transmissions11/solmate/blob/50e15bb566f98b7174da9b0066126a4c3e75e0fd/src/utils/SafeTransferLib.sol#L31-L63 function safeTransferFrom(address token_, address from_, address to_, uint256 amount_) internal { bool success_; /// @solidity memory-safe-assembly assembly { // Get a pointer to some free memory. let freeMemoryPointer := mload(0x40) // Write the abi-encoded calldata into memory, beginning with the function selector. mstore(freeMemoryPointer, 0x23b872dd00000000000000000000000000000000000000000000000000000000) mstore(add(freeMemoryPointer, 4), and(from_, 0xffffffffffffffffffffffffffffffffffffffff)) // Append and mask the "from_" argument. mstore(add(freeMemoryPointer, 36), and(to_, 0xffffffffffffffffffffffffffffffffffffffff)) // Append and mask the "to_" argument. mstore(add(freeMemoryPointer, 68), amount_) // Append the "amount_" argument. Masking not required as it's a full 32 byte type. success_ := and( // Set success to whether the call reverted, if not we check it either // returned exactly 1 (can't just be non-zero data), or had no return data. or(and(eq(mload(0), 1), gt(returndatasize(), 31)), iszero(returndatasize())), // We use 100 because the length of our calldata totals up like so: 4 + 32 * 3. // We use 0 and 32 to copy up to 32 bytes of return data into the scratch space. // Counterintuitively, this call must be positioned second to the or() call in the // surrounding and() call or else returndatasize() will be zero during the computation. call(gas(), token_, 0, freeMemoryPointer, 100, 0, 32) ) } if (!success_) { revert FluidSafeTransferError(ErrorTypes.SafeTransfer__TransferFromFailed); } } /// @dev Transfer `amount_` of `token_` to `to_`. /// If `token_` returns no value, non-reverting calls are assumed to be successful. /// Minimally modified from Solmate SafeTransferLib (address as input param for token, Custom Error): /// https://github.com/transmissions11/solmate/blob/50e15bb566f98b7174da9b0066126a4c3e75e0fd/src/utils/SafeTransferLib.sol#L65-L95 function safeTransfer(address token_, address to_, uint256 amount_) internal { bool success_; /// @solidity memory-safe-assembly assembly { // Get a pointer to some free memory. let freeMemoryPointer := mload(0x40) // Write the abi-encoded calldata into memory, beginning with the function selector. mstore(freeMemoryPointer, 0xa9059cbb00000000000000000000000000000000000000000000000000000000) mstore(add(freeMemoryPointer, 4), and(to_, 0xffffffffffffffffffffffffffffffffffffffff)) // Append and mask the "to_" argument. mstore(add(freeMemoryPointer, 36), amount_) // Append the "amount_" argument. Masking not required as it's a full 32 byte type. success_ := and( // Set success to whether the call reverted, if not we check it either // returned exactly 1 (can't just be non-zero data), or had no return data. or(and(eq(mload(0), 1), gt(returndatasize(), 31)), iszero(returndatasize())), // We use 68 because the length of our calldata totals up like so: 4 + 32 * 2. // We use 0 and 32 to copy up to 32 bytes of return data into the scratch space. // Counterintuitively, this call must be positioned second to the or() call in the // surrounding and() call or else returndatasize() will be zero during the computation. call(gas(), token_, 0, freeMemoryPointer, 68, 0, 32) ) } if (!success_) { revert FluidSafeTransferError(ErrorTypes.SafeTransfer__TransferFailed); } } /// @dev Transfer `amount_` of ` native token to `to_`. /// Minimally modified from Solmate SafeTransferLib (Custom Error): /// https://github.com/transmissions11/solmate/blob/50e15bb566f98b7174da9b0066126a4c3e75e0fd/src/utils/SafeTransferLib.sol#L15-L25 function safeTransferNative(address to_, uint256 amount_) internal { bool success_; /// @solidity memory-safe-assembly assembly { // Transfer the ETH and store if it succeeded or not. Pass limited gas success_ := call(MAX_NATIVE_TRANSFER_GAS, to_, amount_, 0, 0, 0, 0) } if (!success_) { revert FluidSafeTransferError(ErrorTypes.SafeTransfer__TransferFailed); } } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; import { Variables } from "./variables.sol"; import { ErrorTypes } from "../errorTypes.sol"; import { Error } from "../error.sol"; /// @dev ReentrancyGuard based on OpenZeppelin implementation. /// https://github.com/OpenZeppelin/openzeppelin-contracts/blob/release-v4.8/contracts/security/ReentrancyGuard.sol abstract contract ReentrancyGuard is Variables, Error { uint8 internal constant REENTRANCY_NOT_ENTERED = 1; uint8 internal constant REENTRANCY_ENTERED = 2; constructor() { // on logic contracts, switch reentrancy to entered so no call is possible (forces delegatecall) _status = REENTRANCY_ENTERED; } /// @dev Prevents a contract from calling itself, directly or indirectly. /// See OpenZeppelin implementation for more info modifier reentrancy() { // On the first call to nonReentrant, _status will be NOT_ENTERED if (_status == REENTRANCY_ENTERED) { revert FluidLiquidityError(ErrorTypes.LiquidityHelpers__Reentrancy); } // Any calls to nonReentrant after this point will fail _status = REENTRANCY_ENTERED; _; // By storing the original value once again, a refund is triggered (see // https://eips.ethereum.org/EIPS/eip-2200) _status = REENTRANCY_NOT_ENTERED; } } abstract contract CommonHelpers is ReentrancyGuard { /// @dev Returns the current admin (governance). function _getGovernanceAddr() internal view returns (address governance_) { assembly { governance_ := sload(GOVERNANCE_SLOT) } } } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; contract ConstantVariables { /// @dev Storage slot with the admin of the contract. Logic from "proxy.sol". /// This is the keccak-256 hash of "eip1967.proxy.admin" subtracted by 1, and is validated in the constructor. bytes32 internal constant GOVERNANCE_SLOT = 0xb53127684a568b3173ae13b9f8a6016e243e63b6e8ee1178d6a717850b5d6103; uint256 internal constant EXCHANGE_PRICES_PRECISION = 1e12; /// @dev address that is mapped to the chain native token address internal constant NATIVE_TOKEN_ADDRESS = 0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE; /// @dev decimals for native token // !! Double check compatibility with all code if this ever changes for a deployment !! uint8 internal constant NATIVE_TOKEN_DECIMALS = 18; /// @dev Minimum token decimals for any token that can be listed at Liquidity (inclusive) uint8 internal constant MIN_TOKEN_DECIMALS = 6; /// @dev Maximum token decimals for any token that can be listed at Liquidity (inclusive) uint8 internal constant MAX_TOKEN_DECIMALS = 18; /// @dev Ignoring leap years uint256 internal constant SECONDS_PER_YEAR = 365 days; /// @dev limit any total amount to be half of type(uint128).max (~3.4e38) at type(int128).max (~1.7e38) as safety /// measure for any potential overflows / unexpected outcomes. This is checked for total borrow / supply. uint256 internal constant MAX_TOKEN_AMOUNT_CAP = uint256(uint128(type(int128).max)); /// @dev limit for triggering a revert if sent along excess input amount diff is bigger than this percentage (in 1e2) uint256 internal constant MAX_INPUT_AMOUNT_EXCESS = 100; // 1% /// @dev if this bytes32 is set in the calldata, then token transfers are skipped as long as Liquidity layer is on the winning side. bytes32 internal constant SKIP_TRANSFERS = keccak256(bytes("SKIP_TRANSFERS")); /// @dev time after which a write to storage of exchangePricesAndConfig will happen always. uint256 internal constant FORCE_STORAGE_WRITE_AFTER_TIME = 1 days; /// @dev constants used for BigMath conversion from and to storage uint256 internal constant SMALL_COEFFICIENT_SIZE = 10; uint256 internal constant DEFAULT_COEFFICIENT_SIZE = 56; uint256 internal constant DEFAULT_EXPONENT_SIZE = 8; uint256 internal constant DEFAULT_EXPONENT_MASK = 0xFF; /// @dev constants to increase readability for using bit masks uint256 internal constant FOUR_DECIMALS = 1e4; uint256 internal constant TWELVE_DECIMALS = 1e12; uint256 internal constant X8 = 0xff; uint256 internal constant X14 = 0x3fff; uint256 internal constant X15 = 0x7fff; uint256 internal constant X16 = 0xffff; uint256 internal constant X18 = 0x3ffff; uint256 internal constant X24 = 0xffffff; uint256 internal constant X33 = 0x1ffffffff; uint256 internal constant X64 = 0xffffffffffffffff; } contract Variables is ConstantVariables { /// @dev address of contract that gets sent the revenue. Configurable by governance address internal _revenueCollector; // 12 bytes empty // ----- storage slot 1 ------ /// @dev paused status: status = 1 -> normal. status = 2 -> paused. /// not tightly packed with revenueCollector address to allow for potential changes later that improve gas more /// (revenueCollector is only rarely used by admin methods, where optimization is not as important). /// to be replaced with transient storage once EIP-1153 Transient storage becomes available with dencun upgrade. uint256 internal _status; // ----- storage slot 2 ------ /// @dev Auths can set most config values. E.g. contracts that automate certain flows like e.g. adding a new fToken. /// Governance can add/remove auths. /// Governance is auth by default mapping(address => uint256) internal _isAuth; // ----- storage slot 3 ------ /// @dev Guardians can pause lower class users /// Governance can add/remove guardians /// Governance is guardian by default mapping(address => uint256) internal _isGuardian; // ----- storage slot 4 ------ /// @dev class defines which protocols can be paused by guardians /// Currently there are 2 classes: 0 can be paused by guardians. 1 cannot be paused by guardians. /// New protocols are added as class 0 and will be upgraded to 1 over time. mapping(address => uint256) internal _userClass; // ----- storage slot 5 ------ /// @dev exchange prices and token config per token: token -> exchange prices & config /// First 16 bits => 0- 15 => borrow rate (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 14 bits => 16- 29 => fee on interest from borrowers to lenders (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383). configurable. /// Next 14 bits => 30- 43 => last stored utilization (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383) /// Next 14 bits => 44- 57 => update on storage threshold (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383). configurable. /// Next 33 bits => 58- 90 => last update timestamp (enough until 16 March 2242 -> max value 8589934591) /// Next 64 bits => 91-154 => supply exchange price (1e12 -> max value 18_446_744,073709551615) /// Next 64 bits => 155-218 => borrow exchange price (1e12 -> max value 18_446_744,073709551615) /// Next 1 bit => 219-219 => if 0 then ratio is supplyInterestFree / supplyWithInterest else ratio is supplyWithInterest / supplyInterestFree /// Next 14 bits => 220-233 => supplyRatio: supplyInterestFree / supplyWithInterest (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383) /// Next 1 bit => 234-234 => if 0 then ratio is borrowInterestFree / borrowWithInterest else ratio is borrowWithInterest / borrowInterestFree /// Next 14 bits => 235-248 => borrowRatio: borrowInterestFree / borrowWithInterest (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383) /// Next 1 bit => 249-249 => flag for token uses config storage slot 2. (signals SLOAD for additional config slot is needed during execution) /// Last 6 bits => 250-255 => empty for future use /// if more free bits are needed in the future, update on storage threshold bits could be reduced to 7 bits /// (can plan to add `MAX_TOKEN_CONFIG_UPDATE_THRESHOLD` but need to adjust more bits) /// if more bits absolutely needed then we can convert fee, utilization, update on storage threshold, /// supplyRatio & borrowRatio from 14 bits to 10bits (1023 max number) where 1000 = 100% & 1 = 0.1% mapping(address => uint256) internal _exchangePricesAndConfig; // ----- storage slot 6 ------ /// @dev Rate related data per token: token -> rate data /// READ (SLOAD): all actions; WRITE (SSTORE): only on set config admin actions /// token => rate related data /// First 4 bits => 0-3 => rate version /// rest of the bits are rate dependent: /// For rate v1 (one kink) ------------------------------------------------------ /// Next 16 bits => 4 - 19 => Rate at utilization 0% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 20- 35 => Utilization at kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 36- 51 => Rate at utilization kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 52- 67 => Rate at utilization 100% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Last 188 bits => 68-255 => empty for future use /// For rate v2 (two kinks) ----------------------------------------------------- /// Next 16 bits => 4 - 19 => Rate at utilization 0% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 20- 35 => Utilization at kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 36- 51 => Rate at utilization kink1 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 52- 67 => Utilization at kink2 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 68- 83 => Rate at utilization kink2 (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 16 bits => 84- 99 => Rate at utilization 100% (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Last 156 bits => 100-255 => empty for future use mapping(address => uint256) internal _rateData; // ----- storage slot 7 ------ /// @dev total supply / borrow amounts for with / without interest per token: token -> amounts /// First 64 bits => 0- 63 => total supply with interest in raw (totalSupply = totalSupplyRaw * supplyExchangePrice); BigMath: 56 | 8 /// Next 64 bits => 64-127 => total interest free supply in normal token amount (totalSupply = totalSupply); BigMath: 56 | 8 /// Next 64 bits => 128-191 => total borrow with interest in raw (totalBorrow = totalBorrowRaw * borrowExchangePrice); BigMath: 56 | 8 /// Next 64 bits => 192-255 => total interest free borrow in normal token amount (totalBorrow = totalBorrow); BigMath: 56 | 8 mapping(address => uint256) internal _totalAmounts; // ----- storage slot 8 ------ /// @dev user supply data per token: user -> token -> data /// First 1 bit => 0 => mode: user supply with or without interest /// 0 = without, amounts are in normal (i.e. no need to multiply with exchange price) /// 1 = with interest, amounts are in raw (i.e. must multiply with exchange price to get actual token amounts) /// Next 64 bits => 1- 64 => user supply amount (normal or raw depends on 1st bit); BigMath: 56 | 8 /// Next 64 bits => 65-128 => previous user withdrawal limit (normal or raw depends on 1st bit); BigMath: 56 | 8 /// Next 33 bits => 129-161 => last triggered process timestamp (enough until 16 March 2242 -> max value 8589934591) /// Next 14 bits => 162-175 => expand withdrawal limit percentage (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383). /// @dev shrinking is instant /// Next 24 bits => 176-199 => withdrawal limit expand duration in seconds.(Max value 16_777_215; ~4_660 hours, ~194 days) /// Next 18 bits => 200-217 => base withdrawal limit: below this, 100% withdrawals can be done (normal or raw depends on 1st bit); BigMath: 10 | 8 /// Next 37 bits => 218-254 => empty for future use /// Last bit => 255-255 => is user paused (1 = paused, 0 = not paused) mapping(address => mapping(address => uint256)) internal _userSupplyData; // ----- storage slot 9 ------ /// @dev user borrow data per token: user -> token -> data /// First 1 bit => 0 => mode: user borrow with or without interest /// 0 = without, amounts are in normal (i.e. no need to multiply with exchange price) /// 1 = with interest, amounts are in raw (i.e. must multiply with exchange price to get actual token amounts) /// Next 64 bits => 1- 64 => user borrow amount (normal or raw depends on 1st bit); BigMath: 56 | 8 /// Next 64 bits => 65-128 => previous user debt ceiling (normal or raw depends on 1st bit); BigMath: 56 | 8 /// Next 33 bits => 129-161 => last triggered process timestamp (enough until 16 March 2242 -> max value 8589934591) /// Next 14 bits => 162-175 => expand debt ceiling percentage (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383) /// @dev shrinking is instant /// Next 24 bits => 176-199 => debt ceiling expand duration in seconds (Max value 16_777_215; ~4_660 hours, ~194 days) /// Next 18 bits => 200-217 => base debt ceiling: below this, there's no debt ceiling limits (normal or raw depends on 1st bit); BigMath: 10 | 8 /// Next 18 bits => 218-235 => max debt ceiling: absolute maximum debt ceiling can expand to (normal or raw depends on 1st bit); BigMath: 10 | 8 /// Next 19 bits => 236-254 => empty for future use /// Last bit => 255-255 => is user paused (1 = paused, 0 = not paused) mapping(address => mapping(address => uint256)) internal _userBorrowData; // ----- storage slot 10 ------ /// @dev list of allowed tokens at Liquidity. tokens that are once configured can never be completely removed. so this /// array is append-only. address[] internal _listedTokens; // ----- storage slot 11 ------ /// @dev expanded token configs per token: token -> config data slot 2. /// Use of this is signaled by `_exchangePricesAndConfig` bit 249. /// First 14 bits => 0- 13 => max allowed utilization (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383). configurable. /// Last 242 bits => 14-255 => empty for future use mapping(address => uint256) internal _configs2; } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; contract Error { error FluidLiquidityError(uint256 errorId_); } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; library ErrorTypes { /***********************************| | Admin Module | |__________________________________*/ /// @notice thrown when an input address is zero uint256 internal constant AdminModule__AddressZero = 10001; /// @notice thrown when msg.sender is not governance uint256 internal constant AdminModule__OnlyGovernance = 10002; /// @notice thrown when msg.sender is not auth uint256 internal constant AdminModule__OnlyAuths = 10003; /// @notice thrown when msg.sender is not guardian uint256 internal constant AdminModule__OnlyGuardians = 10004; /// @notice thrown when base withdrawal limit, base debt limit or max withdrawal limit is sent as 0 uint256 internal constant AdminModule__LimitZero = 10005; /// @notice thrown whenever an invalid input param is given uint256 internal constant AdminModule__InvalidParams = 10006; /// @notice thrown if user class 1 is paused (can not be paused) uint256 internal constant AdminModule__UserNotPausable = 10007; /// @notice thrown if user is tried to be unpaused but is not paused in the first place uint256 internal constant AdminModule__UserNotPaused = 10008; /// @notice thrown if user is not defined yet: Governance didn't yet set any config for this user on a particular token uint256 internal constant AdminModule__UserNotDefined = 10009; /// @notice thrown if a token is configured in an invalid order: 1. Set rate config for token 2. Set token config 3. allow any user. uint256 internal constant AdminModule__InvalidConfigOrder = 10010; /// @notice thrown if revenue is collected when revenue collector address is not set uint256 internal constant AdminModule__RevenueCollectorNotSet = 10011; /// @notice all ValueOverflow errors below are thrown if a certain input param overflows the allowed storage size uint256 internal constant AdminModule__ValueOverflow__RATE_AT_UTIL_ZERO = 10012; uint256 internal constant AdminModule__ValueOverflow__RATE_AT_UTIL_KINK = 10013; uint256 internal constant AdminModule__ValueOverflow__RATE_AT_UTIL_MAX = 10014; uint256 internal constant AdminModule__ValueOverflow__RATE_AT_UTIL_KINK1 = 10015; uint256 internal constant AdminModule__ValueOverflow__RATE_AT_UTIL_KINK2 = 10016; uint256 internal constant AdminModule__ValueOverflow__RATE_AT_UTIL_MAX_V2 = 10017; uint256 internal constant AdminModule__ValueOverflow__FEE = 10018; uint256 internal constant AdminModule__ValueOverflow__THRESHOLD = 10019; uint256 internal constant AdminModule__ValueOverflow__EXPAND_PERCENT = 10020; uint256 internal constant AdminModule__ValueOverflow__EXPAND_DURATION = 10021; uint256 internal constant AdminModule__ValueOverflow__EXPAND_PERCENT_BORROW = 10022; uint256 internal constant AdminModule__ValueOverflow__EXPAND_DURATION_BORROW = 10023; uint256 internal constant AdminModule__ValueOverflow__EXCHANGE_PRICES = 10024; uint256 internal constant AdminModule__ValueOverflow__UTILIZATION = 10025; /// @notice thrown when an address is not a contract uint256 internal constant AdminModule__AddressNotAContract = 10026; uint256 internal constant AdminModule__ValueOverflow__MAX_UTILIZATION = 10027; /// @notice thrown if a token that is being listed has not between 6 and 18 decimals uint256 internal constant AdminModule__TokenInvalidDecimalsRange = 10028; /***********************************| | User Module | |__________________________________*/ /// @notice thrown when user operations are paused for an interacted token uint256 internal constant UserModule__UserNotDefined = 11001; /// @notice thrown when user operations are paused for an interacted token uint256 internal constant UserModule__UserPaused = 11002; /// @notice thrown when user's try to withdraw below withdrawal limit uint256 internal constant UserModule__WithdrawalLimitReached = 11003; /// @notice thrown when user's try to borrow above borrow limit uint256 internal constant UserModule__BorrowLimitReached = 11004; /// @notice thrown when user sent supply/withdraw and borrow/payback both as 0 uint256 internal constant UserModule__OperateAmountsZero = 11005; /// @notice thrown when user sent supply/withdraw or borrow/payback both as bigger than 2**128 uint256 internal constant UserModule__OperateAmountOutOfBounds = 11006; /// @notice thrown when the operate amount for supply / withdraw / borrow / payback is below the minimum amount /// that would cause a storage difference after BigMath & rounding imprecision. Extremely unlikely to ever happen /// for all normal use-cases. uint256 internal constant UserModule__OperateAmountInsufficient = 11007; /// @notice thrown when withdraw or borrow is executed but withdrawTo or borrowTo is the zero address uint256 internal constant UserModule__ReceiverNotDefined = 11008; /// @notice thrown when user did send excess or insufficient amount (beyond rounding issues) uint256 internal constant UserModule__TransferAmountOutOfBounds = 11009; /// @notice thrown when user sent msg.value along for an operation not for the native token uint256 internal constant UserModule__MsgValueForNonNativeToken = 11010; /// @notice thrown when a borrow operation is done when utilization is above 100% uint256 internal constant UserModule__MaxUtilizationReached = 11011; /// @notice all ValueOverflow errors below are thrown if a certain input param or calc result overflows the allowed storage size uint256 internal constant UserModule__ValueOverflow__EXCHANGE_PRICES = 11012; uint256 internal constant UserModule__ValueOverflow__UTILIZATION = 11013; uint256 internal constant UserModule__ValueOverflow__TOTAL_SUPPLY = 11014; uint256 internal constant UserModule__ValueOverflow__TOTAL_BORROW = 11015; /// @notice thrown when SKIP_TRANSFERS is set but the input params are invalid for skipping transfers uint256 internal constant UserModule__SkipTransfersInvalid = 11016; /***********************************| | LiquidityHelpers | |__________________________________*/ /// @notice thrown when a reentrancy happens uint256 internal constant LiquidityHelpers__Reentrancy = 12001; } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; contract Events { /// @notice emitted on any `operate()` execution: deposit / supply / withdraw / borrow. /// includes info related to the executed operation, new total amounts (packed uint256 of BigMath numbers as in storage) /// and exchange prices (packed uint256 as in storage). /// @param user protocol that triggered this operation (e.g. via an fToken or via Vault protocol) /// @param token token address for which this operation was executed /// @param supplyAmount supply amount for the operation. if >0 then a deposit happened, if <0 then a withdrawal happened. /// if 0 then nothing. /// @param borrowAmount borrow amount for the operation. if >0 then a borrow happened, if <0 then a payback happened. /// if 0 then nothing. /// @param withdrawTo address that funds where withdrawn to (if supplyAmount <0) /// @param borrowTo address that funds where borrowed to (if borrowAmount >0) /// @param totalAmounts updated total amounts, stacked uint256 as written to storage: /// First 64 bits => 0- 63 => total supply with interest in raw (totalSupply = totalSupplyRaw * supplyExchangePrice); BigMath: 56 | 8 /// Next 64 bits => 64-127 => total interest free supply in normal token amount (totalSupply = totalSupply); BigMath: 56 | 8 /// Next 64 bits => 128-191 => total borrow with interest in raw (totalBorrow = totalBorrowRaw * borrowExchangePrice); BigMath: 56 | 8 /// Next 64 bits => 192-255 => total interest free borrow in normal token amount (totalBorrow = totalBorrow); BigMath: 56 | 8 /// @param exchangePricesAndConfig updated exchange prices and configs storage slot. Contains updated supply & borrow exchange price: /// First 16 bits => 0- 15 => borrow rate (in 1e2: 100% = 10_000; 1% = 100 -> max value 65535) /// Next 14 bits => 16- 29 => fee on interest from borrowers to lenders (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383). configurable. /// Next 14 bits => 30- 43 => last stored utilization (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383) /// Next 14 bits => 44- 57 => update on storage threshold (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383). configurable. /// Next 33 bits => 58- 90 => last update timestamp (enough until 16 March 2242 -> max value 8589934591) /// Next 64 bits => 91-154 => supply exchange price (1e12 -> max value 18_446_744,073709551615) /// Next 64 bits => 155-218 => borrow exchange price (1e12 -> max value 18_446_744,073709551615) /// Next 1 bit => 219-219 => if 0 then ratio is supplyInterestFree / supplyWithInterest else ratio is supplyWithInterest / supplyInterestFree /// Next 14 bits => 220-233 => supplyRatio: supplyInterestFree / supplyWithInterest (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383) /// Next 1 bit => 234-234 => if 0 then ratio is borrowInterestFree / borrowWithInterest else ratio is borrowWithInterest / borrowInterestFree /// Next 14 bits => 235-248 => borrowRatio: borrowInterestFree / borrowWithInterest (in 1e2: 100% = 10_000; 1% = 100 -> max value 16_383) event LogOperate( address indexed user, address indexed token, int256 supplyAmount, int256 borrowAmount, address withdrawTo, address borrowTo, uint256 totalAmounts, uint256 exchangePricesAndConfig ); } // SPDX-License-Identifier: BUSL-1.1 pragma solidity 0.8.21; import { IERC20 } from "@openzeppelin/contracts/interfaces/IERC20.sol"; import { FixedPointMathLib } from "solmate/src/utils/FixedPointMathLib.sol"; import { BigMathMinified } from "../../libraries/bigMathMinified.sol"; import { LiquidityCalcs } from "../../libraries/liquidityCalcs.sol"; import { LiquiditySlotsLink } from "../../libraries/liquiditySlotsLink.sol"; import { SafeTransfer } from "../../libraries/safeTransfer.sol"; import { CommonHelpers } from "../common/helpers.sol"; import { Events } from "./events.sol"; import { ErrorTypes } from "../errorTypes.sol"; import { Error } from "../error.sol"; interface IProtocol { function liquidityCallback(address token_, uint256 amount_, bytes calldata data_) external; } abstract contract CoreInternals is Error, CommonHelpers, Events { using BigMathMinified for uint256; /// @dev supply or withdraw for both with interest & interest free. /// positive `amount_` is deposit, negative `amount_` is withdraw. function _supplyOrWithdraw( address token_, int256 amount_, uint256 supplyExchangePrice_ ) internal returns (int256 newSupplyInterestRaw_, int256 newSupplyInterestFree_) { uint256 userSupplyData_ = _userSupplyData[msg.sender][token_]; if (userSupplyData_ == 0) { revert FluidLiquidityError(ErrorTypes.UserModule__UserNotDefined); } if ((userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_IS_PAUSED) & 1 == 1) { revert FluidLiquidityError(ErrorTypes.UserModule__UserPaused); } // extract user supply amount uint256 userSupply_ = (userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_AMOUNT) & X64; userSupply_ = (userSupply_ >> DEFAULT_EXPONENT_SIZE) << (userSupply_ & DEFAULT_EXPONENT_MASK); // calculate current, updated (expanded etc.) withdrawal limit uint256 newWithdrawalLimit_ = LiquidityCalcs.calcWithdrawalLimitBeforeOperate(userSupplyData_, userSupply_); // calculate updated user supply amount if (userSupplyData_ & 1 == 1) { // mode: with interest if (amount_ > 0) { // convert amount from normal to raw (divide by exchange price) -> round down for deposit newSupplyInterestRaw_ = (amount_ * int256(EXCHANGE_PRICES_PRECISION)) / int256(supplyExchangePrice_); userSupply_ = userSupply_ + uint256(newSupplyInterestRaw_); } else { // convert amount from normal to raw (divide by exchange price) -> round up for withdraw newSupplyInterestRaw_ = -int256( FixedPointMathLib.mulDivUp(uint256(-amount_), EXCHANGE_PRICES_PRECISION, supplyExchangePrice_) ); // if withdrawal is more than user's supply then solidity will throw here userSupply_ = userSupply_ - uint256(-newSupplyInterestRaw_); } } else { // mode: without interest newSupplyInterestFree_ = amount_; if (newSupplyInterestFree_ > 0) { userSupply_ = userSupply_ + uint256(newSupplyInterestFree_); } else { // if withdrawal is more than user's supply then solidity will throw here userSupply_ = userSupply_ - uint256(-newSupplyInterestFree_); } } if (amount_ < 0 && userSupply_ < newWithdrawalLimit_) { // if withdraw, then check the user supply after withdrawal is above withdrawal limit revert FluidLiquidityError(ErrorTypes.UserModule__WithdrawalLimitReached); } // calculate withdrawal limit to store as previous withdrawal limit in storage newWithdrawalLimit_ = LiquidityCalcs.calcWithdrawalLimitAfterOperate( userSupplyData_, userSupply_, newWithdrawalLimit_ ); // Converting user's supply into BigNumber userSupply_ = userSupply_.toBigNumber( DEFAULT_COEFFICIENT_SIZE, DEFAULT_EXPONENT_SIZE, BigMathMinified.ROUND_DOWN ); if (((userSupplyData_ >> LiquiditySlotsLink.BITS_USER_SUPPLY_AMOUNT) & X64) == userSupply_) { // make sure that operate amount is not so small that it wouldn't affect storage update. if a difference // is present then rounding will be in the right direction to avoid any potential manipulation. revert FluidLiquidityError(ErrorTypes.UserModule__OperateAmountInsufficient); } // Converting withdrawal limit into BigNumber newWithdrawalLimit_ = newWithdrawalLimit_.toBigNumber( DEFAULT_COEFFICIENT_SIZE, DEFAULT_EXPONENT_SIZE, BigMathMinified.ROUND_DOWN ); // Updating on storage _userSupplyData[msg.sender][token_] = // mask to update bits 1-161 (supply amount, withdrawal limit, timestamp) (userSupplyData_ & 0xfffffffffffffffffffffffc0000000000000000000000000000000000000001) | (userSupply_ << LiquiditySlotsLink.BITS_USER_SUPPLY_AMOUNT) | // converted to BigNumber can not overflow (newWithdrawalLimit_ << LiquiditySlotsLink.BITS_USER_SUPPLY_PREVIOUS_WITHDRAWAL_LIMIT) | // converted to BigNumber can not overflow (block.timestamp << LiquiditySlotsLink.BITS_USER_SUPPLY_LAST_UPDATE_TIMESTAMP); } /// @dev borrow or payback for both with interest & interest free. /// positive `amount_` is borrow, negative `amount_` is payback. function _borrowOrPayback( address token_, int256 amount_, uint256 borrowExchangePrice_ ) internal returns (int256 newBorrowInterestRaw_, int256 newBorrowInterestFree_) { uint256 userBorrowData_ = _userBorrowData[msg.sender][token_]; if (userBorrowData_ == 0) { revert FluidLiquidityError(ErrorTypes.UserModule__UserNotDefined); } if ((userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_IS_PAUSED) & 1 == 1) { revert FluidLiquidityError(ErrorTypes.UserModule__UserPaused); } // extract user borrow amount uint256 userBorrow_ = (userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_AMOUNT) & X64; userBorrow_ = (userBorrow_ >> DEFAULT_EXPONENT_SIZE) << (userBorrow_ & DEFAULT_EXPONENT_MASK); // calculate current, updated (expanded etc.) borrow limit uint256 newBorrowLimit_ = LiquidityCalcs.calcBorrowLimitBeforeOperate(userBorrowData_, userBorrow_); // calculate updated user borrow amount if (userBorrowData_ & 1 == 1) { // with interest if (amount_ > 0) { // convert amount normal to raw (divide by exchange price) -> round up for borrow newBorrowInterestRaw_ = int256( FixedPointMathLib.mulDivUp(uint256(amount_), EXCHANGE_PRICES_PRECISION, borrowExchangePrice_) ); userBorrow_ = userBorrow_ + uint256(newBorrowInterestRaw_); } else { // convert amount from normal to raw (divide by exchange price) -> round down for payback newBorrowInterestRaw_ = (amount_ * int256(EXCHANGE_PRICES_PRECISION)) / int256(borrowExchangePrice_); userBorrow_ = userBorrow_ - uint256(-newBorrowInterestRaw_); } } else { // without interest newBorrowInterestFree_ = amount_; if (newBorrowInterestFree_ > 0) { // borrowing userBorrow_ = userBorrow_ + uint256(newBorrowInterestFree_); } else { // payback userBorrow_ = userBorrow_ - uint256(-newBorrowInterestFree_); } } if (amount_ > 0 && userBorrow_ > newBorrowLimit_) { // if borrow, then check the user borrow amount after borrowing is below borrow limit revert FluidLiquidityError(ErrorTypes.UserModule__BorrowLimitReached); } // calculate borrow limit to store as previous borrow limit in storage newBorrowLimit_ = LiquidityCalcs.calcBorrowLimitAfterOperate(userBorrowData_, userBorrow_, newBorrowLimit_); // Converting user's borrowings into bignumber userBorrow_ = userBorrow_.toBigNumber( DEFAULT_COEFFICIENT_SIZE, DEFAULT_EXPONENT_SIZE, BigMathMinified.ROUND_UP ); if (((userBorrowData_ >> LiquiditySlotsLink.BITS_USER_BORROW_AMOUNT) & X64) == userBorrow_) { // make sure that operate amount is not so small that it wouldn't affect storage update. if a difference // is present then rounding will be in the right direction to avoid any potential manipulation. revert FluidLiquidityError(ErrorTypes.UserModule__OperateAmountInsufficient); } // Converting borrow limit into bignumber newBorrowLimit_ = newBorrowLimit_.toBigNumber( DEFAULT_COEFFICIENT_SIZE, DEFAULT_EXPONENT_SIZE, BigMathMinified.ROUND_DOWN ); // Updating on storage _userBorrowData[msg.sender][token_] = // mask to update bits 1-161 (borrow amount, borrow limit, timestamp) (userBorrowData_ & 0xfffffffffffffffffffffffc0000000000000000000000000000000000000001) | (userBorrow_ << LiquiditySlotsLink.BITS_USER_BORROW_AMOUNT) | // converted to BigNumber can not overflow (newBorrowLimit_ << LiquiditySlotsLink.BITS_USER_BORROW_PREVIOUS_BORROW_LIMIT) | // converted to BigNumber can not overflow (block.timestamp << LiquiditySlotsLink.BITS_USER_BORROW_LAST_UPDATE_TIMESTAMP); } /// @dev checks if `supplyAmount_` & `borrowAmount_` amounts transfers can be skipped (DEX-protocol use-case). /// - Requirements: /// - ` callbackData_` MUST be encoded so that "from" address is the last 20 bytes in the last 32 bytes slot, /// also for native token operations where liquidityCallback is not triggered! /// from address must come at last position if there is more data. I.e. encode like: /// abi.encode(otherVar1, otherVar2, FROM_ADDRESS). Note dynamic types used with abi.encode come at the end /// so if dynamic types are needed, you must use abi.encodePacked to ensure the from address is at the end. /// - this "from" address must match withdrawTo_ or borrowTo_ and must be == `msg.sender` /// - `callbackData_` must in addition to the from address as described above include bytes32 SKIP_TRANSFERS /// in the slot before (bytes 32 to 63) /// - `msg.value` must be 0. /// - Amounts must be either: /// - supply(+) == borrow(+), withdraw(-) == payback(-). /// - Liquidity must be on the winning side (deposit < borrow OR payback < withdraw). function _isInOutBalancedOut( int256 supplyAmount_, int256 borrowAmount_, address withdrawTo_, address borrowTo_, bytes memory callbackData_ ) internal view returns (bool) { // callbackData_ being at least > 63 in length is already verified before calling this method. // 1. SKIP_TRANSFERS must be set in callbackData_ 32 bytes before last 32 bytes bytes32 skipTransfers_; assembly { skipTransfers_ := mload( add( // add padding for length as present for dynamic arrays in memory add(callbackData_, 32), // Load from memory offset of 2 slots (64 bytes): 1 slot: bytes32 skipTransfers_ + 2 slot: address inFrom_ sub(mload(callbackData_), 64) ) ) } if (skipTransfers_ != SKIP_TRANSFERS) { return false; } // after here, if invalid, protocol intended to skip transfers, but something is invalid. so we don't just // NOT skip transfers, we actually revert because there must be something wrong on protocol side. // 2. amounts must be // a) equal: supply(+) == borrow(+), withdraw(-) == payback(-) OR // b) Liquidity must be on the winning side. // EITHER: // deposit and borrow, both positive. there must be more borrow than deposit. // so supply amount must be less, e.g. 80 deposit and 100 borrow. // OR: // withdraw and payback, both negative. there must be more withdraw than payback. // so supplyAmount must be less (e.g. -100 withdraw and -80 payback ) if ( msg.value != 0 || // no msg.value should be sent along when trying to skip transfers. supplyAmount_ == 0 || borrowAmount_ == 0 || // it must be a 2 actions operation, not just e.g. only deposit or only payback. supplyAmount_ > borrowAmount_ // allow case a) and b): supplyAmount must be <= ) { revert FluidLiquidityError(ErrorTypes.UserModule__SkipTransfersInvalid); } // 3. inFrom_ must be in last 32 bytes and must match receiver address inFrom_; assembly { inFrom_ := mload( add( // add padding for length as present for dynamic arrays in memory add(callbackData_, 32), // assembly expects address with leading zeros / left padded so need to use 32 as length here sub(mload(callbackData_), 32) ) ) } if (supplyAmount_ > 0) { // deposit and borrow if (!(inFrom_ == borrowTo_ && inFrom_ == msg.sender)) { revert FluidLiquidityError(ErrorTypes.UserModule__SkipTransfersInvalid); } } else { // withdraw and payback if (!(inFrom_ == withdrawTo_ && inFrom_ == msg.sender)) { revert FluidLiquidityError(ErrorTypes.UserModule__SkipTransfersInvalid); } } return true; } } interface IZtakingPool { ///@notice Stake a specified amount of a particular supported token into the Ztaking Pool ///@param _token The token to deposit/stake in the Ztaking Pool ///@param _for The user to deposit/stake on behalf of ///@param _amount The amount of token to deposit/stake into the Ztaking Pool function depositFor(address _token, address _for, uint256 _amount) external; ///@notice Withdraw a specified amount of a particular supported token previously staked into the Ztaking Pool ///@param _token The token to withdraw from the Ztaking Pool ///@param _amount The amount of token to withdraw from the Ztaking Pool function withdraw(address _token, uint256 _amount) external; } /// @title Fluid Liquidity UserModule /// @notice Fluid Liquidity public facing endpoint logic contract that implements the `operate()` method. /// operate can be used to deposit, withdraw, borrow & payback funds, given that they have the necessary /// user config allowance. Interacting users must be allowed via the Fluid Liquidity AdminModule first. /// Intended users are thus allow-listed protocols, e.g. the Lending protocol (fTokens), Vault protocol etc. /// @dev For view methods / accessing data, use the "LiquidityResolver" periphery contract. contract FluidLiquidityUserModule is CoreInternals { using BigMathMinified for uint256; address private constant WEETH = 0xCd5fE23C85820F7B72D0926FC9b05b43E359b7ee; address private constant WEETHS = 0x917ceE801a67f933F2e6b33fC0cD1ED2d5909D88; IZtakingPool private constant ZIRCUIT = IZtakingPool(0xF047ab4c75cebf0eB9ed34Ae2c186f3611aEAfa6); /// @dev struct for vars used in operate() that would otherwise cause a Stack too deep error struct OperateMemoryVars { bool skipTransfers; uint256 supplyExchangePrice; uint256 borrowExchangePrice; uint256 supplyRawInterest; uint256 supplyInterestFree; uint256 borrowRawInterest; uint256 borrowInterestFree; uint256 totalAmounts; uint256 exchangePricesAndConfig; } /// @notice inheritdoc IFluidLiquidity function operate( address token_, int256 supplyAmount_, int256 borrowAmount_, address withdrawTo_, address borrowTo_, bytes calldata callbackData_ ) external payable reentrancy returns (uint256 memVar3_, uint256 memVar4_) { if (supplyAmount_ == 0 && borrowAmount_ == 0) { revert FluidLiquidityError(ErrorTypes.UserModule__OperateAmountsZero); } if ( supplyAmount_ < type(int128).min || supplyAmount_ > type(int128).max || borrowAmount_ < type(int128).min || borrowAmount_ > type(int128).max ) { revert FluidLiquidityError(ErrorTypes.UserModule__OperateAmountOutOfBounds); } if ((supplyAmount_ < 0 && withdrawTo_ == address(0)) || (borrowAmount_ > 0 && borrowTo_ == address(0))) { revert FluidLiquidityError(ErrorTypes.UserModule__ReceiverNotDefined); } if (token_ != NATIVE_TOKEN_ADDRESS && msg.value > 0) { // revert: there should not be msg.value if the token is not the native token revert FluidLiquidityError(ErrorTypes.UserModule__MsgValueForNonNativeToken); } OperateMemoryVars memory o_; // @dev temporary memory variables used as helper in between to avoid assigning new memory variables uint256 memVar_; // memVar2_ => operateAmountIn: deposit + payback uint256 memVar2_ = uint256((supplyAmount_ > 0 ? supplyAmount_ : int256(0))) + uint256((borrowAmount_ < 0 ? -borrowAmount_ : int256(0))); // check if token transfers can be skipped. see `_isInOutBalancedOut` for details. if ( callbackData_.length > 63 && _isInOutBalancedOut(supplyAmount_, borrowAmount_, withdrawTo_, borrowTo_, callbackData_) ) { memVar2_ = 0; // set to 0 to skip transfers IN o_.skipTransfers = true; // set flag to true to skip transfers OUT } if (token_ == NATIVE_TOKEN_ADDRESS) { unchecked { // check supply and payback amount is covered by available sent msg.value and // protection that msg.value is not unintentionally way more than actually used in operate() if ( memVar2_ > msg.value || msg.value > (memVar2_ * (FOUR_DECIMALS + MAX_INPUT_AMOUNT_EXCESS)) / FOUR_DECIMALS ) { revert FluidLiquidityError(ErrorTypes.UserModule__TransferAmountOutOfBounds); } } memVar2_ = 0; // set to 0 to skip transfers IN more gas efficient. No need for native token. } // if supply or payback or both -> transfer token amount from sender to here. // for native token this is already covered by msg.value checks in operate(). memVar2_ is set to 0 // for same amounts in same operate(): supply(+) == borrow(+), withdraw(-) == payback(-). memVar2_ is set to 0 if (memVar2_ > 0) { // memVar_ => initial token balance of this contract memVar_ = IERC20(token_).balanceOf(address(this)); // trigger protocol to send token amount and pass callback data IProtocol(msg.sender).liquidityCallback(token_, memVar2_, callbackData_); // memVar_ => current token balance of this contract - initial balance memVar_ = IERC20(token_).balanceOf(address(this)) - memVar_; unchecked { if ( memVar_ < memVar2_ || memVar_ > (memVar2_ * (FOUR_DECIMALS + MAX_INPUT_AMOUNT_EXCESS)) / FOUR_DECIMALS ) { // revert if protocol did not send enough to cover supply / payback // or if protocol sent more than expected, with 1% tolerance for any potential rounding issues (and for DEX revenue cut) revert FluidLiquidityError(ErrorTypes.UserModule__TransferAmountOutOfBounds); } } // ---------- temporary code start ----------------------- // temporary addition for weETH & weETHs: if token is weETH or weETHs -> deposit to Zircuit if (token_ == WEETH) { if (IERC20(WEETH).allowance(address(this), address(ZIRCUIT)) > 0) { ZIRCUIT.depositFor(WEETH, address(this), memVar_); } } else if (token_ == WEETHS) { if ((IERC20(WEETHS).allowance(address(this), address(ZIRCUIT)) > 0)) { ZIRCUIT.depositFor(WEETHS, address(this), memVar_); } } // temporary code also includes: WEETH, WEETHS & ZIRCUIT constant, IZtakingPool interface // ---------- temporary code end ----------------------- } o_.exchangePricesAndConfig = _exchangePricesAndConfig[token_]; // calculate updated exchange prices (o_.supplyExchangePrice, o_.borrowExchangePrice) = LiquidityCalcs.calcExchangePrices( o_.exchangePricesAndConfig ); // Extract total supply / borrow amounts for the token o_.totalAmounts = _totalAmounts[token_]; memVar_ = o_.totalAmounts & X64; o_.supplyRawInterest = (memVar_ >> DEFAULT_EXPONENT_SIZE) << (memVar_ & DEFAULT_EXPONENT_MASK); memVar_ = (o_.totalAmounts >> LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_SUPPLY_INTEREST_FREE) & X64; o_.supplyInterestFree = (memVar_ >> DEFAULT_EXPONENT_SIZE) << (memVar_ & DEFAULT_EXPONENT_MASK); memVar_ = (o_.totalAmounts >> LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_BORROW_WITH_INTEREST) & X64; o_.borrowRawInterest = (memVar_ >> DEFAULT_EXPONENT_SIZE) << (memVar_ & DEFAULT_EXPONENT_MASK); // no & mask needed for borrow interest free as it occupies the last bits in the storage slot memVar_ = (o_.totalAmounts >> LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_BORROW_INTEREST_FREE); o_.borrowInterestFree = (memVar_ >> DEFAULT_EXPONENT_SIZE) << (memVar_ & DEFAULT_EXPONENT_MASK); if (supplyAmount_ != 0) { // execute supply or withdraw and update total amounts { uint256 totalAmountsBefore_ = o_.totalAmounts; (int256 newSupplyInterestRaw_, int256 newSupplyInterestFree_) = _supplyOrWithdraw( token_, supplyAmount_, o_.supplyExchangePrice ); // update total amounts. this is done here so that values are only written to storage once // if a borrow / payback also happens in the same `operate()` call if (newSupplyInterestFree_ == 0) { // Note newSupplyInterestFree_ can ONLY be 0 if mode is with interest, // easy to check as that variable is NOT the result of a dvision etc. // supply or withdraw with interest -> raw amount if (newSupplyInterestRaw_ > 0) { o_.supplyRawInterest += uint256(newSupplyInterestRaw_); } else { unchecked { o_.supplyRawInterest = o_.supplyRawInterest > uint256(-newSupplyInterestRaw_) ? o_.supplyRawInterest - uint256(-newSupplyInterestRaw_) : 0; // withdraw amount is > total supply -> withdraw total supply down to 0 // Note no risk here as if the user withdraws more than supplied it would revert already // earlier. Total amounts can end up < sum of user amounts because of rounding } } // Note check for revert {UserModule}__ValueOverflow__TOTAL_SUPPLY is further down when we anyway // calculate the normal amount from raw // Converting the updated total amount into big number for storage memVar_ = o_.supplyRawInterest.toBigNumber( DEFAULT_COEFFICIENT_SIZE, DEFAULT_EXPONENT_SIZE, BigMathMinified.ROUND_DOWN ); // update total supply with interest at total amounts in storage (only update changed values) o_.totalAmounts = // mask to update bits 0-63 (o_.totalAmounts & 0xffffffffffffffffffffffffffffffffffffffffffffffff0000000000000000) | memVar_; // converted to BigNumber can not overflow } else { // supply or withdraw interest free -> normal amount if (newSupplyInterestFree_ > 0) { o_.supplyInterestFree += uint256(newSupplyInterestFree_); } else { unchecked { o_.supplyInterestFree = o_.supplyInterestFree > uint256(-newSupplyInterestFree_) ? o_.supplyInterestFree - uint256(-newSupplyInterestFree_) : 0; // withdraw amount is > total supply -> withdraw total supply down to 0 // Note no risk here as if the user withdraws more than supplied it would revert already // earlier. Total amounts can end up < sum of user amounts because of rounding } } if (o_.supplyInterestFree > MAX_TOKEN_AMOUNT_CAP) { // only withdrawals allowed if total supply interest free reaches MAX_TOKEN_AMOUNT_CAP revert FluidLiquidityError(ErrorTypes.UserModule__ValueOverflow__TOTAL_SUPPLY); } // Converting the updated total amount into big number for storage memVar_ = o_.supplyInterestFree.toBigNumber( DEFAULT_COEFFICIENT_SIZE, DEFAULT_EXPONENT_SIZE, BigMathMinified.ROUND_DOWN ); // update total supply interest free at total amounts in storage (only update changed values) o_.totalAmounts = // mask to update bits 64-127 (o_.totalAmounts & 0xffffffffffffffffffffffffffffffff0000000000000000ffffffffffffffff) | (memVar_ << LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_SUPPLY_INTEREST_FREE); // converted to BigNumber can not overflow } if (totalAmountsBefore_ == o_.totalAmounts) { // make sure that operate amount is not so small that it wouldn't affect storage update. if a difference // is present then rounding will be in the right direction to avoid any potential manipulation. revert FluidLiquidityError(ErrorTypes.UserModule__OperateAmountInsufficient); } } } if (borrowAmount_ != 0) { // execute borrow or payback and update total amounts { uint256 totalAmountsBefore_ = o_.totalAmounts; (int256 newBorrowInterestRaw_, int256 newBorrowInterestFree_) = _borrowOrPayback( token_, borrowAmount_, o_.borrowExchangePrice ); // update total amounts. this is done here so that values are only written to storage once // if a supply / withdraw also happens in the same `operate()` call if (newBorrowInterestFree_ == 0) { // Note newBorrowInterestFree_ can ONLY be 0 if mode is with interest, // easy to check as that variable is NOT the result of a dvision etc. // borrow or payback with interest -> raw amount if (newBorrowInterestRaw_ > 0) { o_.borrowRawInterest += uint256(newBorrowInterestRaw_); } else { unchecked { o_.borrowRawInterest = o_.borrowRawInterest > uint256(-newBorrowInterestRaw_) ? o_.borrowRawInterest - uint256(-newBorrowInterestRaw_) : 0; // payback amount is > total borrow -> payback total borrow down to 0 } } // Note check for revert UserModule__ValueOverflow__TOTAL_BORROW is further down when we anyway // calculate the normal amount from raw // Converting the updated total amount into big number for storage memVar_ = o_.borrowRawInterest.toBigNumber( DEFAULT_COEFFICIENT_SIZE, DEFAULT_EXPONENT_SIZE, BigMathMinified.ROUND_UP ); // update total borrow with interest at total amounts in storage (only update changed values) o_.totalAmounts = // mask to update bits 128-191 (o_.totalAmounts & 0xffffffffffffffff0000000000000000ffffffffffffffffffffffffffffffff) | (memVar_ << LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_BORROW_WITH_INTEREST); // converted to BigNumber can not overflow } else { // borrow or payback interest free -> normal amount if (newBorrowInterestFree_ > 0) { o_.borrowInterestFree += uint256(newBorrowInterestFree_); } else { unchecked { o_.borrowInterestFree = o_.borrowInterestFree > uint256(-newBorrowInterestFree_) ? o_.borrowInterestFree - uint256(-newBorrowInterestFree_) : 0; // payback amount is > total borrow -> payback total borrow down to 0 } } if (o_.borrowInterestFree > MAX_TOKEN_AMOUNT_CAP) { // only payback allowed if total borrow interest free reaches MAX_TOKEN_AMOUNT_CAP revert FluidLiquidityError(ErrorTypes.UserModule__ValueOverflow__TOTAL_BORROW); } // Converting the updated total amount into big number for storage memVar_ = o_.borrowInterestFree.toBigNumber( DEFAULT_COEFFICIENT_SIZE, DEFAULT_EXPONENT_SIZE, BigMathMinified.ROUND_UP ); // update total borrow interest free at total amounts in storage (only update changed values) o_.totalAmounts = // mask to update bits 192-255 (o_.totalAmounts & 0x0000000000000000ffffffffffffffffffffffffffffffffffffffffffffffff) | (memVar_ << LiquiditySlotsLink.BITS_TOTAL_AMOUNTS_BORROW_INTEREST_FREE); // converted to BigNumber can not overflow } if (totalAmountsBefore_ == o_.totalAmounts) { // make sure that operate amount is not so small that it wouldn't affect storage update. if a difference // is present then rounding will be in the right direction to avoid any potential manipulation. revert FluidLiquidityError(ErrorTypes.UserModule__OperateAmountInsufficient); } } } // Updating total amounts on storage _totalAmounts[token_] = o_.totalAmounts; { // update exchange prices / utilization / ratios // exchangePricesAndConfig is only written to storage if either utilization, supplyRatio or borrowRatio // change is above the required storageUpdateThreshold config value or if the last write was > 1 day ago. // 1. calculate new supply ratio, borrow ratio & utilization. // 2. check if last storage write was > 1 day ago. // 3. If false -> check if utilization is above update threshold // 4. If false -> check if supply ratio is above update threshold // 5. If false -> check if borrow ratio is above update threshold // 6. If any true, then update on storage // ########## calculating supply ratio ########## // supplyWithInterest in normal amount memVar3_ = ((o_.supplyRawInterest * o_.supplyExchangePrice) / EXCHANGE_PRICES_PRECISION); if (memVar3_ > MAX_TOKEN_AMOUNT_CAP && supplyAmount_ > 0) { // only withdrawals allowed if total supply raw reaches MAX_TOKEN_AMOUNT_CAP revert FluidLiquidityError(ErrorTypes.UserModule__ValueOverflow__TOTAL_SUPPLY); } // memVar_ => total supply. set here so supplyWithInterest (memVar3_) is only calculated once. For utilization memVar_ = o_.supplyInterestFree + memVar3_; if (memVar3_ > o_.supplyInterestFree) { // memVar3_ is ratio with 1 bit as 0 as supply interest raw is bigger memVar3_ = ((o_.supplyInterestFree * FOUR_DECIMALS) / memVar3_) << 1; // because of checking to divide by bigger amount, ratio can never be > 100% } else if (memVar3_ < o_.supplyInterestFree) { // memVar3_ is ratio with 1 bit as 1 as supply interest free is bigger memVar3_ = (((memVar3_ * FOUR_DECIMALS) / o_.supplyInterestFree) << 1) | 1; // because of checking to divide by bigger amount, ratio can never be > 100% } else if (memVar_ > 0) { // supplies match exactly (memVar3_ == o_.supplyInterestFree) and total supplies are not 0 // -> set ratio to 1 (with first bit set to 0, doesn't matter) memVar3_ = FOUR_DECIMALS << 1; } // else if total supply = 0, memVar3_ (supplyRatio) is already 0. // ########## calculating borrow ratio ########## // borrowWithInterest in normal amount memVar4_ = ((o_.borrowRawInterest * o_.borrowExchangePrice) / EXCHANGE_PRICES_PRECISION); if (memVar4_ > MAX_TOKEN_AMOUNT_CAP && borrowAmount_ > 0) { // only payback allowed if total borrow raw reaches MAX_TOKEN_AMOUNT_CAP revert FluidLiquidityError(ErrorTypes.UserModule__ValueOverflow__TOTAL_BORROW); } // memVar2_ => total borrow. set here so borrowWithInterest (memVar4_) is only calculated once. For utilization memVar2_ = o_.borrowInterestFree + memVar4_; if (memVar4_ > o_.borrowInterestFree) { // memVar4_ is ratio with 1 bit as 0 as borrow interest raw is bigger memVar4_ = ((o_.borrowInterestFree * FOUR_DECIMALS) / memVar4_) << 1; // because of checking to divide by bigger amount, ratio can never be > 100% } else if (memVar4_ < o_.borrowInterestFree) { // memVar4_ is ratio with 1 bit as 1 as borrow interest free is bigger memVar4_ = (((memVar4_ * FOUR_DECIMALS) / o_.borrowInterestFree) << 1) | 1; // because of checking to divide by bigger amount, ratio can never be > 100% } else if (memVar2_ > 0) { // borrows match exactly (memVar4_ == o_.borrowInterestFree) and total borrows are not 0 // -> set ratio to 1 (with first bit set to 0, doesn't matter) memVar4_ = FOUR_DECIMALS << 1; } // else if total borrow = 0, memVar4_ (borrowRatio) is already 0. // calculate utilization. If there is no supply, utilization must be 0 (avoid division by 0) uint256 utilization_; if (memVar_ > 0) { utilization_ = ((memVar2_ * FOUR_DECIMALS) / memVar_); // for borrow operations, ensure max utilization is not reached if (borrowAmount_ > 0) { // memVar_ => max utilization // if any max utilization other than 100% is set, the flag usesConfigs2 in // exchangePricesAndConfig is 1. (optimized to avoid SLOAD if not needed). memVar_ = (o_.exchangePricesAndConfig >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_USES_CONFIGS2) & 1 == 1 ? (_configs2[token_] & X14) // read configured max utilization : FOUR_DECIMALS; // default max utilization = 100% if (utilization_ > memVar_) { revert FluidLiquidityError(ErrorTypes.UserModule__MaxUtilizationReached); } } } // check if time difference is big enough (> 1 day) unchecked { if ( block.timestamp > // extract last update timestamp + 1 day (((o_.exchangePricesAndConfig >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_LAST_TIMESTAMP) & X33) + FORCE_STORAGE_WRITE_AFTER_TIME) ) { memVar_ = 1; // set write to storage flag } else { memVar_ = 0; } } if (memVar_ == 0) { // time difference is not big enough to cause storage write -> check utilization // memVar_ => extract last utilization memVar_ = (o_.exchangePricesAndConfig >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_UTILIZATION) & X14; // memVar2_ => storage update threshold in percent memVar2_ = (o_.exchangePricesAndConfig >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_UPDATE_THRESHOLD) & X14; unchecked { // set memVar_ to 1 if current utilization to previous utilization difference is > update storage threshold memVar_ = (utilization_ > memVar_ ? utilization_ - memVar_ : memVar_ - utilization_) > memVar2_ ? 1 : 0; if (memVar_ == 0) { // utilization & time difference is not big enough -> check supplyRatio difference // memVar_ => extract last supplyRatio memVar_ = (o_.exchangePricesAndConfig >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_SUPPLY_RATIO) & X15; // set memVar_ to 1 if current supplyRatio to previous supplyRatio difference is > update storage threshold if ((memVar_ & 1) == (memVar3_ & 1)) { memVar_ = memVar_ >> 1; memVar_ = ( (memVar3_ >> 1) > memVar_ ? (memVar3_ >> 1) - memVar_ : memVar_ - (memVar3_ >> 1) ) > memVar2_ ? 1 : 0; // memVar3_ = supplyRatio, memVar_ = previous supplyRatio, memVar2_ = update storage threshold } else { // if inverse bit is changing then always update on storage memVar_ = 1; } if (memVar_ == 0) { // utilization, time, and supplyRatio difference is not big enough -> check borrowRatio difference // memVar_ => extract last borrowRatio memVar_ = (o_.exchangePricesAndConfig >> LiquiditySlotsLink.BITS_EXCHANGE_PRICES_BORROW_RATIO) & X15; // set memVar_ to 1 if current borrowRatio to previous borrowRatio difference is > update storage threshold if ((memVar_ & 1) == (memVar4_ & 1)) { memVar_ = memVar_ >> 1; memVar_ = ( (memVar4_ >> 1) > memVar_ ? (memVar4_ >> 1) - memVar_ : memVar_ - (memVar4_ >> 1) ) > memVar2_ ? 1 : 0; // memVar4_ = borrowRatio, memVar_ = previous borrowRatio, memVar2_ = update storage threshold } else { // if inverse bit is changing then always update on storage memVar_ = 1; } } } } } // memVar_ is 1 if either time diff was enough or if // utilization, supplyRatio or borrowRatio difference was > update storage threshold if (memVar_ == 1) { // memVar_ => calculate new borrow rate for utilization. includes value overflow check. memVar_ = LiquidityCalcs.calcBorrowRateFromUtilization(_rateData[token_], utilization_); // ensure values written to storage do not exceed the dedicated bit space in packed uint256 slots if (o_.supplyExchangePrice > X64 || o_.borrowExchangePrice > X64) { revert FluidLiquidityError(ErrorTypes.UserModule__ValueOverflow__EXCHANGE_PRICES); } if (utilization_ > X14) { revert FluidLiquidityError(ErrorTypes.UserModule__ValueOverflow__UTILIZATION); } o_.exchangePricesAndConfig = (o_.exchangePricesAndConfig & // mask to update bits: 0-15 (borrow rate), 30-43 (utilization), 58-248 (timestamp, exchange prices, ratios) 0xfe000000000000000000000000000000000000000000000003fff0003fff0000) | memVar_ | // calcBorrowRateFromUtilization already includes an overflow check (utilization_ << LiquiditySlotsLink.BITS_EXCHANGE_PRICES_UTILIZATION) | (block.timestamp << LiquiditySlotsLink.BITS_EXCHANGE_PRICES_LAST_TIMESTAMP) | (o_.supplyExchangePrice << LiquiditySlotsLink.BITS_EXCHANGE_PRICES_SUPPLY_EXCHANGE_PRICE) | (o_.borrowExchangePrice << LiquiditySlotsLink.BITS_EXCHANGE_PRICES_BORROW_EXCHANGE_PRICE) | // ratios can never be > 100%, no overflow check needed (memVar3_ << LiquiditySlotsLink.BITS_EXCHANGE_PRICES_SUPPLY_RATIO) | // supplyRatio (memVar3_ holds that value) (memVar4_ << LiquiditySlotsLink.BITS_EXCHANGE_PRICES_BORROW_RATIO); // borrowRatio (memVar4_ holds that value) // Updating on storage _exchangePricesAndConfig[token_] = o_.exchangePricesAndConfig; } else { // do not update in storage but update o_.exchangePricesAndConfig for updated exchange prices at // event emit of LogOperate o_.exchangePricesAndConfig = (o_.exchangePricesAndConfig & // mask to update bits: 91-218 (exchange prices) 0xfffffffffc00000000000000000000000000000007ffffffffffffffffffffff) | (o_.supplyExchangePrice << LiquiditySlotsLink.BITS_EXCHANGE_PRICES_SUPPLY_EXCHANGE_PRICE) | (o_.borrowExchangePrice << LiquiditySlotsLink.BITS_EXCHANGE_PRICES_BORROW_EXCHANGE_PRICE); } } // sending tokens to user at the end after updating everything // only transfer to user in case of withdraw or borrow. // do not transfer for same amounts in same operate(): supply(+) == borrow(+), withdraw(-) == payback(-). (DEX protocol use-case) if ((supplyAmount_ < 0 || borrowAmount_ > 0) && !o_.skipTransfers) { // sending tokens to user at the end after updating everything // set memVar2_ to borrowAmount (if borrow) or reset memVar2_ var to 0 because // it is used with > 0 check below to transfer withdraw / borrow / both memVar2_ = borrowAmount_ > 0 ? uint256(borrowAmount_) : 0; if (supplyAmount_ < 0) { unchecked { memVar_ = uint256(-supplyAmount_); } } else { memVar_ = 0; } if (memVar_ > 0 && memVar2_ > 0 && withdrawTo_ == borrowTo_) { // if user is doing borrow & withdraw together and address for both is the same // then transfer tokens of borrow & withdraw together to save on gas if (token_ == NATIVE_TOKEN_ADDRESS) { SafeTransfer.safeTransferNative(withdrawTo_, memVar_ + memVar2_); } else { SafeTransfer.safeTransfer(token_, withdrawTo_, memVar_ + memVar2_); } } else { if (token_ == NATIVE_TOKEN_ADDRESS) { // if withdraw if (memVar_ > 0) { SafeTransfer.safeTransferNative(withdrawTo_, memVar_); } // if borrow if (memVar2_ > 0) { SafeTransfer.safeTransferNative(borrowTo_, memVar2_); } } else { // if withdraw if (memVar_ > 0) { // ---------- temporary code start ----------------------- // temporary addition for weETH & weETHs: if token is weETH or weETHs -> withdraw from Zircuit if (token_ == WEETH) { if ((IERC20(WEETH).balanceOf(address(this)) < memVar_)) { ZIRCUIT.withdraw(WEETH, memVar_); } } else if (token_ == WEETHS) { if ((IERC20(WEETHS).balanceOf(address(this)) < memVar_)) { ZIRCUIT.withdraw(WEETHS, memVar_); } } // temporary code also includes: WEETH, WEETHS & ZIRCUIT constant, IZtakingPool interface // ---------- temporary code end ----------------------- SafeTransfer.safeTransfer(token_, withdrawTo_, memVar_); } // if borrow if (memVar2_ > 0) { SafeTransfer.safeTransfer(token_, borrowTo_, memVar2_); } } } } // emit Operate event emit LogOperate( msg.sender, token_, supplyAmount_, borrowAmount_, withdrawTo_, borrowTo_, o_.totalAmounts, o_.exchangePricesAndConfig ); // set return values memVar3_ = o_.supplyExchangePrice; memVar4_ = o_.borrowExchangePrice; } } // SPDX-License-Identifier: AGPL-3.0-only pragma solidity >=0.8.0; /// @notice Arithmetic library with operations for fixed-point numbers. /// @author Solmate (https://github.com/transmissions11/solmate/blob/main/src/utils/FixedPointMathLib.sol) /// @author Inspired by USM (https://github.com/usmfum/USM/blob/master/contracts/WadMath.sol) library FixedPointMathLib { /*////////////////////////////////////////////////////////////// SIMPLIFIED FIXED POINT OPERATIONS //////////////////////////////////////////////////////////////*/ uint256 internal constant MAX_UINT256 = 2**256 - 1; uint256 internal constant WAD = 1e18; // The scalar of ETH and most ERC20s. function mulWadDown(uint256 x, uint256 y) internal pure returns (uint256) { return mulDivDown(x, y, WAD); // Equivalent to (x * y) / WAD rounded down. } function mulWadUp(uint256 x, uint256 y) internal pure returns (uint256) { return mulDivUp(x, y, WAD); // Equivalent to (x * y) / WAD rounded up. } function divWadDown(uint256 x, uint256 y) internal pure returns (uint256) { return mulDivDown(x, WAD, y); // Equivalent to (x * WAD) / y rounded down. } function divWadUp(uint256 x, uint256 y) internal pure returns (uint256) { return mulDivUp(x, WAD, y); // Equivalent to (x * WAD) / y rounded up. } /*////////////////////////////////////////////////////////////// LOW LEVEL FIXED POINT OPERATIONS //////////////////////////////////////////////////////////////*/ function mulDivDown( uint256 x, uint256 y, uint256 denominator ) internal pure returns (uint256 z) { /// @solidity memory-safe-assembly assembly { // Equivalent to require(denominator != 0 && (y == 0 || x <= type(uint256).max / y)) if iszero(mul(denominator, iszero(mul(y, gt(x, div(MAX_UINT256, y)))))) { revert(0, 0) } // Divide x * y by the denominator. z := div(mul(x, y), denominator) } } function mulDivUp( uint256 x, uint256 y, uint256 denominator ) internal pure returns (uint256 z) { /// @solidity memory-safe-assembly assembly { // Equivalent to require(denominator != 0 && (y == 0 || x <= type(uint256).max / y)) if iszero(mul(denominator, iszero(mul(y, gt(x, div(MAX_UINT256, y)))))) { revert(0, 0) } // If x * y modulo the denominator is strictly greater than 0, // 1 is added to round up the division of x * y by the denominator. z := add(gt(mod(mul(x, y), denominator), 0), div(mul(x, y), denominator)) } } function rpow( uint256 x, uint256 n, uint256 scalar ) internal pure returns (uint256 z) { /// @solidity memory-safe-assembly assembly { switch x case 0 { switch n case 0 { // 0 ** 0 = 1 z := scalar } default { // 0 ** n = 0 z := 0 } } default { switch mod(n, 2) case 0 { // If n is even, store scalar in z for now. z := scalar } default { // If n is odd, store x in z for now. z := x } // Shifting right by 1 is like dividing by 2. let half := shr(1, scalar) for { // Shift n right by 1 before looping to halve it. n := shr(1, n) } n { // Shift n right by 1 each iteration to halve it. n := shr(1, n) } { // Revert immediately if x ** 2 would overflow. // Equivalent to iszero(eq(div(xx, x), x)) here. if shr(128, x) { revert(0, 0) } // Store x squared. let xx := mul(x, x) // Round to the nearest number. let xxRound := add(xx, half) // Revert if xx + half overflowed. if lt(xxRound, xx) { revert(0, 0) } // Set x to scaled xxRound. x := div(xxRound, scalar) // If n is even: if mod(n, 2) { // Compute z * x. let zx := mul(z, x) // If z * x overflowed: if iszero(eq(div(zx, x), z)) { // Revert if x is non-zero. if iszero(iszero(x)) { revert(0, 0) } } // Round to the nearest number. let zxRound := add(zx, half) // Revert if zx + half overflowed. if lt(zxRound, zx) { revert(0, 0) } // Return properly scaled zxRound. z := div(zxRound, scalar) } } } } } /*////////////////////////////////////////////////////////////// GENERAL NUMBER UTILITIES //////////////////////////////////////////////////////////////*/ function sqrt(uint256 x) internal pure returns (uint256 z) { /// @solidity memory-safe-assembly assembly { let y := x // We start y at x, which will help us make our initial estimate. z := 181 // The "correct" value is 1, but this saves a multiplication later. // This segment is to get a reasonable initial estimate for the Babylonian method. With a bad // start, the correct # of bits increases ~linearly each iteration instead of ~quadratically. // We check y >= 2^(k + 8) but shift right by k bits // each branch to ensure that if x >= 256, then y >= 256. if iszero(lt(y, 0x10000000000000000000000000000000000)) { y := shr(128, y) z := shl(64, z) } if iszero(lt(y, 0x1000000000000000000)) { y := shr(64, y) z := shl(32, z) } if iszero(lt(y, 0x10000000000)) { y := shr(32, y) z := shl(16, z) } if iszero(lt(y, 0x1000000)) { y := shr(16, y) z := shl(8, z) } // Goal was to get z*z*y within a small factor of x. More iterations could // get y in a tighter range. Currently, we will have y in [256, 256*2^16). // We ensured y >= 256 so that the relative difference between y and y+1 is small. // That's not possible if x < 256 but we can just verify those cases exhaustively. // Now, z*z*y <= x < z*z*(y+1), and y <= 2^(16+8), and either y >= 256, or x < 256. // Correctness can be checked exhaustively for x < 256, so we assume y >= 256. // Then z*sqrt(y) is within sqrt(257)/sqrt(256) of sqrt(x), or about 20bps. // For s in the range [1/256, 256], the estimate f(s) = (181/1024) * (s+1) is in the range // (1/2.84 * sqrt(s), 2.84 * sqrt(s)), with largest error when s = 1 and when s = 256 or 1/256. // Since y is in [256, 256*2^16), let a = y/65536, so that a is in [1/256, 256). Then we can estimate // sqrt(y) using sqrt(65536) * 181/1024 * (a + 1) = 181/4 * (y + 65536)/65536 = 181 * (y + 65536)/2^18. // There is no overflow risk here since y < 2^136 after the first branch above. z := shr(18, mul(z, add(y, 65536))) // A mul() is saved from starting z at 181. // Given the worst case multiplicative error of 2.84 above, 7 iterations should be enough. z := shr(1, add(z, div(x, z))) z := shr(1, add(z, div(x, z))) z := shr(1, add(z, div(x, z))) z := shr(1, add(z, div(x, z))) z := shr(1, add(z, div(x, z))) z := shr(1, add(z, div(x, z))) z := shr(1, add(z, div(x, z))) // If x+1 is a perfect square, the Babylonian method cycles between // floor(sqrt(x)) and ceil(sqrt(x)). This statement ensures we return floor. // See: https://en.wikipedia.org/wiki/Integer_square_root#Using_only_integer_division // Since the ceil is rare, we save gas on the assignment and repeat division in the rare case. // If you don't care whether the floor or ceil square root is returned, you can remove this statement. z := sub(z, lt(div(x, z), z)) } } function unsafeMod(uint256 x, uint256 y) internal pure returns (uint256 z) { /// @solidity memory-safe-assembly assembly { // Mod x by y. Note this will return // 0 instead of reverting if y is zero. z := mod(x, y) } } function unsafeDiv(uint256 x, uint256 y) internal pure returns (uint256 r) { /// @solidity memory-safe-assembly assembly { // Divide x by y. Note this will return // 0 instead of reverting if y is zero. r := div(x, y) } } function unsafeDivUp(uint256 x, uint256 y) internal pure returns (uint256 z) { /// @solidity memory-safe-assembly assembly { // Add 1 to x * y if x % y > 0. Note this will // return 0 instead of reverting if y is zero. z := add(gt(mod(x, y), 0), div(x, y)) } } }