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IdleTokenGovernance.sol
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IdleTokenGovernance.sol
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/**
* @title: Idle Token Governance main contract
* @summary: ERC20 that holds pooled user funds together
* Each token rapresent a share of the underlying pools
* and with each token user have the right to redeem a portion of these pools
* @author: Idle Labs Inc., idle.finance
*/
pragma solidity 0.5.16;
import "@openzeppelin/contracts-ethereum-package/contracts/math/SafeMath.sol";
import "@openzeppelin/contracts-ethereum-package/contracts/token/ERC20/SafeERC20.sol";
import "@openzeppelin/contracts-ethereum-package/contracts/token/ERC20/ERC20.sol";
import "@openzeppelin/contracts-ethereum-package/contracts/token/ERC20/ERC20Detailed.sol";
import "@openzeppelin/contracts-ethereum-package/contracts/utils/ReentrancyGuard.sol";
import "@openzeppelin/contracts-ethereum-package/contracts/ownership/Ownable.sol";
import "@openzeppelin/contracts-ethereum-package/contracts/lifecycle/Pausable.sol";
import "@openzeppelin/upgrades/contracts/Initializable.sol";
import "./interfaces/iERC20Fulcrum.sol";
import "./interfaces/ILendingProtocol.sol";
import "./interfaces/IGovToken.sol";
import "./interfaces/IIdleTokenV3_1.sol";
import "./interfaces/IERC3156FlashBorrower.sol";
import "./interfaces/IAaveIncentivesController.sol";
import "./interfaces/Comptroller.sol";
import "./interfaces/CERC20.sol";
import "./interfaces/AToken.sol";
import "./interfaces/IdleController.sol";
import "./interfaces/IIdleTokenHelper.sol";
import "./GST2ConsumerV2.sol";
contract IdleTokenGovernance is Initializable, ERC20, ERC20Detailed, ReentrancyGuard, Ownable, Pausable, IIdleTokenV3_1, GST2ConsumerV2 {
using SafeERC20 for IERC20;
using SafeMath for uint256;
uint256 private constant ONE_18 = 10**18;
// State variables
// eg. DAI address
address public token;
// eg. iDAI address
address private iToken;
// eg. cDAI address
address private cToken;
// Idle rebalancer current implementation address
address public rebalancer;
// Address collecting underlying fees
address public feeAddress;
// Last iToken price, used to pause contract in case of a black swan event
uint256 public lastITokenPrice;
// eg. 18 for DAI
uint256 private tokenDecimals;
// Max unlent assets percentage for gas friendly swaps
uint256 public maxUnlentPerc; // 100000 == 100% -> 1000 == 1%
// Current fee on interest gained
uint256 public fee;
// eg. [cTokenAddress, iTokenAddress, ...]
address[] public allAvailableTokens;
// eg. [COMPAddress, CRVAddress, ...]
address[] public govTokens;
// last fully applied allocations (ie when all liquidity has been correctly placed)
// eg. [5000, 0, 5000, 0] for 50% in compound, 0% fulcrum, 50% aave, 0 dydx. same order of allAvailableTokens
uint256[] public lastAllocations;
// Map that saves avg idleToken price paid for each user, used to calculate earnings
mapping(address => uint256) public userAvgPrices;
// eg. cTokenAddress => IdleCompoundAddress
mapping(address => address) public protocolWrappers;
// array with last balance recorded for each gov tokens
mapping (address => uint256) public govTokensLastBalances;
// govToken -> user_address -> user_index eg. usersGovTokensIndexes[govTokens[0]][msg.sender] = 1111123;
mapping (address => mapping (address => uint256)) public usersGovTokensIndexes;
// global indices for each gov tokens used as a reference to calculate a fair share for each user
mapping (address => uint256) public govTokensIndexes;
// Map that saves amount with no fee for each user
mapping(address => uint256) private userNoFeeQty;
// variable used for avoid the call of mint and redeem in the same tx
bytes32 private _minterBlock;
// Events
event Rebalance(address _rebalancer, uint256 _amount);
event Referral(uint256 _amount, address _ref);
// ########## IdleToken V4_1 updates
// Idle governance token
address public constant IDLE = address(0x875773784Af8135eA0ef43b5a374AaD105c5D39e);
// Compound governance token
address public constant COMP = address(0xc00e94Cb662C3520282E6f5717214004A7f26888);
uint256 private constant FULL_ALLOC = 100000;
// Idle distribution controller
address public constant idleController = address(0x275DA8e61ea8E02d51EDd8d0DC5c0E62b4CDB0BE);
// oracle used for calculating the avgAPR with gov tokens
address public oracle;
// eg cDAI -> COMP
mapping(address => address) private protocolTokenToGov;
// Whether openRebalance is enabled or not
bool public isRiskAdjusted;
// last allocations submitted by rebalancer
uint256[] private lastRebalancerAllocations;
// ########## IdleToken V5 updates
// Fee for flash loan
uint256 public flashLoanFee;
// IdleToken helper address
address public tokenHelper;
/**
* @dev Emitted on flashLoan()
* @param target The address of the flash loan receiver contract
* @param initiator The address initiating the flash loan
* @param amount The amount flash borrowed
* @param premium The flash loan fee
**/
event FlashLoan(
address indexed target,
address indexed initiator,
uint256 amount,
uint256 premium
);
// Addresses for stkAAVE distribution from Aave
address public constant stkAAVE = address(0x4da27a545c0c5B758a6BA100e3a049001de870f5);
address private aToken;
// ########## End IdleToken V5 updates
// ERROR MESSAGES:
// 0 = is 0
// 1 = already initialized
// 2 = length is different
// 3 = Not greater then
// 4 = lt
// 5 = too high
// 6 = not authorized
// 7 = not equal
// 8 = error on flash loan execution
// 9 = Reentrancy
function _init() public {
require(oracle == 0xB5A8f07dD4c3D315869405d702ee8F6EA695E8C5);
oracle = 0x758C10272A15f0E9D50Cbc035ff9a046945da0F2;
flashLoanFee = 20;
}
// onlyOwner
/**
* It allows owner to modify allAvailableTokens array in case of emergency
* ie if a bug on a interest bearing token is discovered and reset protocolWrappers
* associated with those tokens.
*
* @param protocolTokens : array of protocolTokens addresses (eg [cDAI, iDAI, ...])
* @param wrappers : array of wrapper addresses (eg [IdleCompound, IdleFulcrum, ...])
* @param _newGovTokens : array of governance token addresses
* @param _newGovTokensEqualLen : array of governance token addresses for each
* protocolToken (addr0 should be used for protocols with no govToken)
*/
function setAllAvailableTokensAndWrappers(
address[] calldata protocolTokens,
address[] calldata wrappers,
address[] calldata _newGovTokens,
address[] calldata _newGovTokensEqualLen
) external onlyOwner {
require(protocolTokens.length == wrappers.length, "2");
require(_newGovTokensEqualLen.length >= protocolTokens.length, '3');
govTokens = _newGovTokens;
address newGov;
address protToken;
for (uint256 i = 0; i < protocolTokens.length; i++) {
protToken = protocolTokens[i];
require(protToken != address(0) && wrappers[i] != address(0), "0");
protocolWrappers[protToken] = wrappers[i];
// set protocol token to gov token mapping
newGov = _newGovTokensEqualLen[i];
if (newGov != IDLE) {
protocolTokenToGov[protToken] = newGov;
}
}
allAvailableTokens = protocolTokens;
}
/**
* It allows owner to set the cToken address
*
* @param _cToken : new cToken address
*/
function setCToken(address _cToken)
external onlyOwner {
require((cToken = _cToken) != address(0), "0");
}
/**
* It allows owner to set the aToken address
*
* @param _aToken : new aToken address
*/
function setAToken(address _aToken)
external onlyOwner {
require((aToken = _aToken) != address(0), "0");
}
/**
* It allows owner to set the tokenHelper address
*
* @param _tokenHelper : new tokenHelper address
*/
function setTokenHelper(address _tokenHelper)
external onlyOwner {
require((tokenHelper = _tokenHelper) != address(0), "0");
}
/**
* It allows owner to set the IdleRebalancerV3_1 address
*
* @param _rebalancer : new IdleRebalancerV3_1 address
*/
function setRebalancer(address _rebalancer)
external onlyOwner {
require((rebalancer = _rebalancer) != address(0), "0");
}
/**
* It allows owner to set the fee (1000 == 10% of gained interest)
*
* @param _fee : fee amount where 100000 is 100%, max settable is 10%
*/
function setFee(uint256 _fee)
external onlyOwner {
// 100000 == 100% -> 10000 == 10%
require((fee = _fee) <= FULL_ALLOC / 10, "5");
}
/**
* It allows owner to set the fee address
*
* @param _feeAddress : fee address
*/
function setFeeAddress(address _feeAddress)
external onlyOwner {
require((feeAddress = _feeAddress) != address(0), "0");
}
/**
* It allows owner to set the oracle address for getting avgAPR
*
* @param _oracle : new oracle address
*/
function setOracleAddress(address _oracle)
external onlyOwner {
require((oracle = _oracle) != address(0), "0");
}
/**
* It allows owner to set the max unlent asset percentage (1000 == 1% of unlent asset max)
*
* @param _perc : max unlent perc where 100000 is 100%
*/
function setMaxUnlentPerc(uint256 _perc)
external onlyOwner {
require((maxUnlentPerc = _perc) <= 100000, "5");
}
/**
* Used by Rebalancer to set the new allocations
*
* @param _allocations : array with allocations in percentages (100% => 100000)
*/
function setAllocations(uint256[] calldata _allocations) external {
require(msg.sender == rebalancer || msg.sender == owner(), "6");
_setAllocations(_allocations);
}
/**
* Used by Rebalancer or in openRebalance to set the new allocations
*
* @param _allocations : array with allocations in percentages (100% => 100000)
*/
function _setAllocations(uint256[] memory _allocations) internal {
require(_allocations.length == allAvailableTokens.length, "2");
uint256 total;
for (uint256 i = 0; i < _allocations.length; i++) {
total = total.add(_allocations[i]);
}
lastRebalancerAllocations = _allocations;
require(total == FULL_ALLOC, "7");
}
// view
/**
* Get latest allocations submitted by rebalancer
*
* @return : array of allocations ordered as allAvailableTokens
*/
function getAllocations() external view returns (uint256[] memory) {
return lastRebalancerAllocations;
}
/**
* Get currently used gov tokens
*
* @return : array of govTokens supported
*/
function getGovTokens() external view returns (address[] memory) {
return govTokens;
}
/**
* Get currently used protocol tokens (cDAI, aDAI, ...)
*
* @return : array of protocol tokens supported
*/
function getAllAvailableTokens() external view returns (address[] memory) {
return allAvailableTokens;
}
/**
* Get gov token associated to a protocol token eg protocolTokenToGov[cDAI] = COMP
*
* @return : address of the gov token
*/
function getProtocolTokenToGov(address _protocolToken) external view returns (address) {
return protocolTokenToGov[_protocolToken];
}
/**
* IdleToken price for a user considering fees, in underlying
* this is useful when you need to redeem exactly X underlying
*
* @return : price in underlying token counting fees for a specific user
*/
function tokenPriceWithFee(address user)
external view
returns (uint256 priceWFee) {
uint256 userAvgPrice = userAvgPrices[user];
priceWFee = _tokenPrice();
if (userAvgPrice != 0 && priceWFee > userAvgPrice) {
priceWFee = priceWFee.mul(FULL_ALLOC).sub(fee.mul(priceWFee.sub(userAvgPrice))).div(FULL_ALLOC);
}
}
/**
* IdleToken price calculation, in underlying
*
* @return : price in underlying token
*/
function tokenPrice()
external view
returns (uint256) {
return _tokenPrice();
}
/**
* Get APR of every ILendingProtocol
*
* @return addresses: array of token addresses
* @return aprs: array of aprs (ordered in respect to the `addresses` array)
*/
function getAPRs()
external view
returns (address[] memory, uint256[] memory) {
return IIdleTokenHelper(tokenHelper).getAPRs(address(this));
}
/**
* Get current avg APR of this IdleToken
*
* @return avgApr: current weighted avg apr
*/
function getAvgAPR()
external view
returns (uint256) {
return IIdleTokenHelper(tokenHelper).getAPR(address(this), cToken, aToken);
}
/**
* ERC20 modified transferFrom that also update the avgPrice paid for the recipient and
* updates user gov idx
*
* @param sender : sender account
* @param recipient : recipient account
* @param amount : value to transfer
* @return : flag whether transfer was successful or not
*/
function transferFrom(address sender, address recipient, uint256 amount) public returns (bool) {
_updateUserGovIdxTransfer(sender, recipient, amount);
_transfer(sender, recipient, amount);
_approve(sender, msg.sender, allowance(sender, msg.sender).sub(amount, "ERC20: transfer amount exceeds allowance"));
_updateUserFeeInfo(recipient, amount, userAvgPrices[sender]);
return true;
}
/**
* ERC20 modified transfer that also update the avgPrice paid for the recipient and
* updates user gov idx
*
* @param recipient : recipient account
* @param amount : value to transfer
* @return : flag whether transfer was successful or not
*/
function transfer(address recipient, uint256 amount) public returns (bool) {
_updateUserGovIdxTransfer(msg.sender, recipient, amount);
_transfer(msg.sender, recipient, amount);
_updateUserFeeInfo(recipient, amount, userAvgPrices[msg.sender]);
return true;
}
/**
* Helper method for transfer and transferFrom, updates recipient gov indexes
*
* @param _from : sender account
* @param _to : recipient account
* @param amount : value to transfer
*/
function _updateUserGovIdxTransfer(address _from, address _to, uint256 amount) internal {
address govToken;
uint256 govTokenIdx;
uint256 sharePerTokenFrom;
uint256 shareTo;
uint256 balanceTo = balanceOf(_to);
for (uint256 i = 0; i < govTokens.length; i++) {
govToken = govTokens[i];
if (balanceTo == 0) {
usersGovTokensIndexes[govToken][_to] = usersGovTokensIndexes[govToken][_from];
} else {
govTokenIdx = govTokensIndexes[govToken];
// calc 1 idleToken value in gov shares for user `_from`
sharePerTokenFrom = govTokenIdx.sub(usersGovTokensIndexes[govToken][_from]);
// calc current gov shares (before transfer) for user `_to`
shareTo = balanceTo.mul(govTokenIdx.sub(usersGovTokensIndexes[govToken][_to])).div(ONE_18);
// user `_to` should have -> shareTo + (sharePerTokenFrom * amount / 1e18) = (balanceTo + amount) * (govTokenIdx - userIdx) / 1e18
// so userIdx = govTokenIdx - ((shareTo * 1e18 + (sharePerTokenFrom * amount)) / (balanceTo + amount))
usersGovTokensIndexes[govToken][_to] = govTokenIdx.sub(
shareTo.mul(ONE_18).add(sharePerTokenFrom.mul(amount)).div(
balanceTo.add(amount)
)
);
}
}
}
/**
* Get how many gov tokens a user is entitled to (this may not include eventual undistributed tokens)
*
* @param _usr : user address
* @return : array of amounts for each gov token
*/
function getGovTokensAmounts(address _usr) external view returns (uint256[] memory _amounts) {
address govToken;
uint256 usrBal = balanceOf(_usr);
_amounts = new uint256[](govTokens.length);
for (uint256 i = 0; i < _amounts.length; i++) {
govToken = govTokens[i];
_amounts[i] = usrBal.mul(govTokensIndexes[govToken].sub(usersGovTokensIndexes[govToken][_usr])).div(ONE_18);
}
}
// external
/**
* Used to mint IdleTokens, given an underlying amount (eg. DAI).
* This method triggers a rebalance of the pools if _skipRebalance is set to false
* NOTE: User should 'approve' _amount of tokens before calling mintIdleToken
* NOTE 2: this method can be paused
*
* @param _amount : amount of underlying token to be lended
* @param : not used anymore
* @param _referral : referral address
* @return mintedTokens : amount of IdleTokens minted
*/
function mintIdleToken(uint256 _amount, bool, address _referral)
external nonReentrant whenNotPaused
returns (uint256 mintedTokens) {
_minterBlock = keccak256(abi.encodePacked(tx.origin, block.number));
_redeemGovTokens(msg.sender);
// Get current IdleToken price
uint256 idlePrice = _tokenPrice();
// transfer tokens to this contract
IERC20(token).safeTransferFrom(msg.sender, address(this), _amount);
mintedTokens = _amount.mul(ONE_18).div(idlePrice);
_mint(msg.sender, mintedTokens);
// Update avg price and user idx for each gov tokens
_updateUserInfo(msg.sender, mintedTokens);
_updateUserFeeInfo(msg.sender, mintedTokens, idlePrice);
if (_referral != address(0)) {
emit Referral(_amount, _referral);
}
}
/**
* Helper method for mintIdleToken, updates minter gov indexes and avg price
*
* @param _to : minter account
* @param _mintedTokens : number of newly minted tokens
*/
function _updateUserInfo(address _to, uint256 _mintedTokens) internal {
address govToken;
uint256 usrBal = balanceOf(_to);
uint256 _usrIdx;
for (uint256 i = 0; i < govTokens.length; i++) {
govToken = govTokens[i];
_usrIdx = usersGovTokensIndexes[govToken][_to];
// calculate user idx
usersGovTokensIndexes[govToken][_to] = _usrIdx.add(
_mintedTokens.mul(govTokensIndexes[govToken].sub(_usrIdx)).div(usrBal)
);
}
}
/**
* Here we calc the pool share one can withdraw given the amount of IdleToken they want to burn
*
* @param _amount : amount of IdleTokens to be burned
* @return redeemedTokens : amount of underlying tokens redeemed
*/
function redeemIdleToken(uint256 _amount)
external
returns (uint256) {
return _redeemIdleToken(_amount, new bool[](govTokens.length));
}
/**
* Here we calc the pool share one can withdraw given the amount of IdleToken they want to burn
* WARNING: if elements in the `_skipGovTokenRedeem` are set to `true` then the rewards will be GIFTED to the pool
*
* @param _amount : amount of IdleTokens to be burned
* @param _skipGovTokenRedeem : array of flags whether to redeem or not specific gov tokens
* @return redeemedTokens : amount of underlying tokens redeemed
*/
function redeemIdleTokenSkipGov(uint256 _amount, bool[] calldata _skipGovTokenRedeem)
external
returns (uint256) {
return _redeemIdleToken(_amount, _skipGovTokenRedeem);
}
/**
* Here we calc the pool share one can withdraw given the amount of IdleToken they want to burn
*
* @param _amount : amount of IdleTokens to be burned
* @param _skipGovTokenRedeem : array of flag for redeeming or not gov tokens. Funds will be gifted to the pool
* @return redeemedTokens : amount of underlying tokens redeemed
*/
function _redeemIdleToken(uint256 _amount, bool[] memory _skipGovTokenRedeem)
internal nonReentrant
returns (uint256 redeemedTokens) {
_checkMintRedeemSameTx();
_redeemGovTokensInternal(msg.sender, _skipGovTokenRedeem);
if (_amount != 0) {
uint256 price = _tokenPrice();
uint256 valueToRedeem = _amount.mul(price).div(ONE_18);
uint256 balanceUnderlying = _contractBalanceOf(token);
if (valueToRedeem > balanceUnderlying) {
redeemedTokens = _redeemHelper(_amount, balanceUnderlying);
} else {
redeemedTokens = valueToRedeem;
}
// get eventual performance fee
redeemedTokens = _getFee(_amount, redeemedTokens, price);
// burn idleTokens
_burn(msg.sender, _amount);
// send underlying minus fee to msg.sender
_transferTokens(token, msg.sender, redeemedTokens);
}
}
function _redeemHelper(uint256 _amount, uint256 _balanceUnderlying) private returns (uint256 redeemedTokens) {
address currToken;
uint256 idleSupply = totalSupply();
address[] memory _allAvailableTokens = allAvailableTokens;
for (uint256 i = 0; i < _allAvailableTokens.length; i++) {
currToken = _allAvailableTokens[i];
redeemedTokens = redeemedTokens.add(
_redeemProtocolTokens(
currToken,
// _amount * protocolPoolBalance / idleSupply
_amount.mul(_contractBalanceOf(currToken)).div(idleSupply) // amount to redeem
)
);
}
// and get a portion of the eventual unlent balance
redeemedTokens = redeemedTokens.add(_amount.mul(_balanceUnderlying).div(idleSupply));
}
/**
* Here we calc the pool share one can withdraw given the amount of IdleToken they want to burn
* and send interest-bearing tokens (eg. cDAI/iDAI) directly to the user.
* Underlying (eg. DAI) is not redeemed here.
*
* @param _amount : amount of IdleTokens to be burned
*/
function redeemInterestBearingTokens(uint256 _amount)
external nonReentrant whenPaused {
_checkMintRedeemSameTx();
_redeemGovTokens(msg.sender);
for (uint256 i = 0; i < allAvailableTokens.length; i++) {
_transferTokens(allAvailableTokens[i], msg.sender, _amount.mul(_contractBalanceOf(allAvailableTokens[i])).div(totalSupply()));
}
// Get a portion of the eventual unlent balance
_transferTokens(token, msg.sender, _amount.mul(_contractBalanceOf(token)).div(totalSupply()));
_burn(msg.sender, _amount);
}
/**
* Dynamic allocate all the pool across different lending protocols if needed,
* rebalance without params
*
* NOTE: this method can be paused
*
* @return : whether has rebalanced or not
*/
function rebalance() external returns (bool) {
return _rebalance();
}
/**
* @dev The fee to be charged for a given loan.
* @param _token The loan currency.
* @param _amount The amount of tokens lent.
* @return The amount of `token` to be charged for the loan, on top of the returned principal.
*/
function flashFee(address _token, uint256 _amount) public view returns (uint256) {
require(_token == token, '7');
return _amount.mul(flashLoanFee).div(FULL_ALLOC);
}
/**
* @dev The amount of currency available to be lent.
* @param _token The loan currency.
* @return The amount of `token` that can be borrowed.
*/
function maxFlashLoan(address _token) external view returns (uint256) {
if (_token == token) {
return _tokenPrice().mul(totalSupply()).div(ONE_18);
}
}
/**
* Allow any users to borrow funds inside a tx if they return the same amount + `flashLoanFee`
*
* @param _receiver : flash loan receiver, should have the IERC3156FlashBorrower interface
* @param _token : used to check that the requested token is the correct one
* @param _amount : amount of `token` to borrow
* @param _params : params that should be passed to the _receiverAddress in the `executeOperation` call
*/
function flashLoan(
IERC3156FlashBorrower _receiver,
address _token,
uint256 _amount,
bytes calldata _params
) external whenNotPaused nonReentrant returns (bool) {
address receiverAddr = address(_receiver);
require(_token == token, "7");
require(receiverAddr != address(0) && _amount > 0, "0");
// get current underlying unlent balance
uint256 balance = _contractBalanceOf(token);
if (_amount > balance) {
// Unlent is not enough, some funds needs to be redeemed from underlying protocols
uint256 toRedeem = _amount.sub(balance);
uint256 _toRedeemAux;
address currToken;
uint256 currBalanceUnderlying;
uint256 availableLiquidity;
uint256 redeemed;
uint256 protocolTokenPrice;
ILendingProtocol protocol;
bool isEnough;
bool haveWeInvestedEnough;
// We cycle through interest bearing tokens currently in use (eg [cDAI, aDAI])
// (ie we cycle each lending protocol where we have some funds currently deposited)
for (uint256 i = 0; i < allAvailableTokens.length; i++) {
currToken = allAvailableTokens[i];
protocol = ILendingProtocol(protocolWrappers[currToken]);
protocolTokenPrice = protocol.getPriceInToken();
availableLiquidity = protocol.availableLiquidity();
currBalanceUnderlying = _contractBalanceOf(currToken).mul(protocolTokenPrice).div(ONE_18);
// We need to check:
// 1. if Idle has invested enough in that protocol to cover the user request
haveWeInvestedEnough = currBalanceUnderlying >= toRedeem;
// 2. if the current lending protocol has enough liquidity available (not borrowed) to cover the user requested amount
isEnough = availableLiquidity >= toRedeem;
// in order to calculate `_toRedeemAux` which is the amount of underlying (eg DAI)
// that we have to redeem from that lending protocol
_toRedeemAux = haveWeInvestedEnough ?
// if we lent enough and that protocol has enough liquidity we redeem `toRedeem` and we are done, otherwise we redeem `availableLiquidity`
(isEnough ? toRedeem : availableLiquidity) :
// if we did not lent enough and that liquidity is available then we redeem all what we deposited, otherwise we redeem `availableLiquidity`
(currBalanceUnderlying <= availableLiquidity ? currBalanceUnderlying : availableLiquidity);
// do the actual redeem on the lending protocol
redeemed = _redeemProtocolTokens(
currToken,
// convert amount from underlying to protocol token
_toRedeemAux.mul(ONE_18).div(protocolTokenPrice)
);
// tokens are now in this contract
if (haveWeInvestedEnough && isEnough) {
break;
}
toRedeem = toRedeem.sub(redeemed);
}
}
require(_contractBalanceOf(token) >= _amount, "3");
// transfer funds
_transferTokens(token, receiverAddr, _amount);
// calculate fee
uint256 _flashFee = flashFee(token, _amount);
// call _receiver `onFlashLoan`
require(
_receiver.onFlashLoan(msg.sender, token, _amount, _flashFee, _params) == keccak256("ERC3156FlashBorrower.onFlashLoan"),
"8"
);
// transfer _amount + _flashFee from _receiver
IERC20(token).safeTransferFrom(receiverAddr, address(this), _amount.add(_flashFee));
// Put underlyings in lending once again with rebalance
_rebalance();
emit FlashLoan(receiverAddr, msg.sender, _amount, _flashFee);
return true;
}
// internal
/**
* Get current idleToken price based on net asset value and totalSupply
*
* @return price: value of 1 idleToken in underlying
*/
function _tokenPrice() internal view returns (uint256 price) {
uint256 totSupply = totalSupply();
if (totSupply == 0) {
return 10**(tokenDecimals);
}
address currToken;
uint256 totNav = _contractBalanceOf(token).mul(ONE_18); // eventual underlying unlent balance
address[] memory _allAvailableTokens = allAvailableTokens;
for (uint256 i = 0; i < _allAvailableTokens.length; i++) {
currToken = _allAvailableTokens[i];
totNav = totNav.add(
// NAV = price * poolSupply
_getPriceInToken(protocolWrappers[currToken]).mul(
_contractBalanceOf(currToken)
)
);
}
price = totNav.div(totSupply); // idleToken price in token wei
}
/**
* Dynamic allocate all the pool across different lending protocols if needed
*
* NOTE: this method can be paused
*
* @return : whether has rebalanced or not
*/
function _rebalance()
internal whenNotPaused
returns (bool) {
// check if we need to rebalance by looking at the last allocations submitted by rebalancer
uint256[] memory rebalancerLastAllocations = lastRebalancerAllocations;
uint256[] memory _lastAllocations = lastAllocations;
uint256 lastLen = _lastAllocations.length;
bool areAllocationsEqual = rebalancerLastAllocations.length == lastLen;
if (areAllocationsEqual) {
for (uint256 i = 0; i < lastLen || !areAllocationsEqual; i++) {
if (_lastAllocations[i] != rebalancerLastAllocations[i]) {
areAllocationsEqual = false;
break;
}
}
}
uint256 balance = _contractBalanceOf(token);
if (areAllocationsEqual && balance == 0) {
return false;
}
uint256 maxUnlentBalance = _getCurrentPoolValue().mul(maxUnlentPerc).div(FULL_ALLOC);
if (areAllocationsEqual) {
if (balance > maxUnlentBalance) {
// mint the difference
_mintWithAmounts(rebalancerLastAllocations, balance.sub(maxUnlentBalance));
}
return false;
}
// Instead of redeeming everything during rebalance we redeem and mint only what needs
// to be reallocated
// get current allocations in underlying (it does not count unlent underlying)
(uint256[] memory amounts, uint256 totalInUnderlying) = _getCurrentAllocations();
// calculate the total amount in underlying that needs to be reallocated
totalInUnderlying = totalInUnderlying.add(balance);
(uint256[] memory toMintAllocations, uint256 totalToMint, bool lowLiquidity) = _redeemAllNeeded(
amounts,
// calculate new allocations given the total (not counting unlent balance)
_amountsFromAllocations(rebalancerLastAllocations, totalInUnderlying.sub(maxUnlentBalance))
);
// if some protocol has liquidity that we should redeem, we do not update
// lastAllocations to force another rebalance next time
if (!lowLiquidity) {
// Update lastAllocations with rebalancerLastAllocations
delete lastAllocations;
lastAllocations = rebalancerLastAllocations;
}
uint256 totalRedeemd = _contractBalanceOf(token);
if (totalRedeemd <= maxUnlentBalance || totalToMint == 0) {
return false;
}
// Do not mint directly using toMintAllocations check with totalRedeemd
uint256[] memory tempAllocations = new uint256[](toMintAllocations.length);
for (uint256 i = 0; i < toMintAllocations.length; i++) {
// Calc what would have been the correct allocations percentage if all was available
tempAllocations[i] = toMintAllocations[i].mul(FULL_ALLOC).div(totalToMint);
}
// partial amounts
_mintWithAmounts(tempAllocations, totalRedeemd.sub(maxUnlentBalance));
emit Rebalance(msg.sender, totalInUnderlying);
return true; // hasRebalanced
}
/**
* Redeem unclaimed governance tokens and update governance global index and user index if needed
* if called during redeem it will send all gov tokens accrued by a user to the user
*
* @param _to : user address
*/
function _redeemGovTokens(address _to) internal {
_redeemGovTokensInternal(_to, new bool[](govTokens.length));
}
/**
* Redeem unclaimed governance tokens and update governance global index and user index if needed
* if called during redeem it will send all gov tokens accrued by a user to the user
*
* @param _to : user address
* @param _skipGovTokenRedeem : array of flag for redeeming or not gov tokens
*/
function _redeemGovTokensInternal(address _to, bool[] memory _skipGovTokenRedeem) internal {
address[] memory _govTokens = govTokens;
if (_govTokens.length == 0) {
return;
}
uint256 supply = totalSupply();
uint256 usrBal = balanceOf(_to);
address govToken;
if (supply > 0) {
for (uint256 i = 0; i < _govTokens.length; i++) {
govToken = _govTokens[i];
_redeemGovTokensFromProtocol(govToken);
// get current gov token balance
uint256 govBal = _contractBalanceOf(govToken);
if (govBal > 0) {
// update global index with ratio of govTokens per idleToken
govTokensIndexes[govToken] = govTokensIndexes[govToken].add(
// check how much gov tokens for each idleToken we gained since last update
govBal.sub(govTokensLastBalances[govToken]).mul(ONE_18).div(supply)
);
// update global var with current govToken balance
govTokensLastBalances[govToken] = govBal;
}
if (usrBal > 0) {
uint256 usrIndex = usersGovTokensIndexes[govToken][_to];
// check if user has accrued something
uint256 delta = govTokensIndexes[govToken].sub(usrIndex);
if (delta != 0) {
uint256 share = usrBal.mul(delta).div(ONE_18);
uint256 bal = _contractBalanceOf(govToken);
// To avoid rounding issue
if (share > bal) {
share = bal;
}
if (_skipGovTokenRedeem[i]) { // -> gift govTokens[i] accrued to the pool
// update global index with ratio of govTokens per idleToken
govTokensIndexes[govToken] = govTokensIndexes[govToken].add(
// check how much gov tokens for each idleToken we gained since last update
share.mul(ONE_18).div(supply.sub(usrBal))
);
} else {
uint256 feeDue;
// no fee for IDLE governance token
if (feeAddress != address(0) && fee > 0 && govToken != IDLE) {
feeDue = share.mul(fee).div(FULL_ALLOC);
// Transfer gov token fee to feeAddress
_transferTokens(govToken, feeAddress, feeDue);
}
// Transfer gov token to user
_transferTokens(govToken, _to, share.sub(feeDue));
// Update last balance
govTokensLastBalances[govToken] = _contractBalanceOf(govToken);
}
}
}
// save current index for this gov token
usersGovTokensIndexes[govToken][_to] = govTokensIndexes[govToken];
}
}
}
/**
* Redeem a specific gov token
*
* @param _govToken : address of the gov token to redeem
*/
function _redeemGovTokensFromProtocol(address _govToken) internal {
// In case new Gov tokens will be supported this should be updated
if (_govToken == COMP || _govToken == IDLE || _govToken == stkAAVE) {
address[] memory holders = new address[](1);
holders[0] = address(this);
if (_govToken == IDLE) {
// For IDLE, the distribution is done only to IdleTokens, so `holders` and
// `tokens` parameters are the same and equal to address(this)
IdleController(idleController).claimIdle(holders, holders);
return;
}
address[] memory tokens = new address[](1);
if (_govToken == stkAAVE && aToken != address(0)) {
tokens[0] = aToken;
IAaveIncentivesController _ctrl = IAaveIncentivesController(AToken(tokens[0]).getIncentivesController());
_ctrl.claimRewards(tokens, _ctrl.getUserUnclaimedRewards(address(this)), address(this));
return;
}
if (cToken != address(0)) {
tokens[0] = cToken;
Comptroller(CERC20(tokens[0]).comptroller()).claimComp(holders, tokens, false, true);
}
}
}
/**
* Update receiver userAvgPrice paid for each idle token,
* receiver will pay fees accrued
*
* @param usr : user that should have balance update
* @param qty : new amount deposited / transferred, in idleToken
* @param price : sender userAvgPrice
*/
function _updateUserFeeInfo(address usr, uint256 qty, uint256 price) private {
uint256 usrBal = balanceOf(usr);
// ((avgPrice * oldBalance) + (senderAvgPrice * newQty)) / totBalance
userAvgPrices[usr] = userAvgPrices[usr].mul(usrBal.sub(qty)).add(price.mul(qty)).div(usrBal);
}
/**
* Calculate fee in underlyings and send them to feeAddress
*
* @param amount : in idleTokens
* @param redeemed : in underlying
* @param currPrice : current idleToken price
* @return : net value in underlying
*/
function _getFee(uint256 amount, uint256 redeemed, uint256 currPrice) internal returns (uint256) {
uint256 avgPrice = userAvgPrices[msg.sender];
if (currPrice < avgPrice) {
return redeemed;
}
// 10**23 -> ONE_18 * FULL_ALLOC
uint256 feeDue = amount.mul(currPrice.sub(avgPrice)).mul(fee).div(10**23);
_transferTokens(token, feeAddress, feeDue);
return redeemed.sub(feeDue);
}
/**
* Mint specific amounts of protocols tokens
*