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PrimaryIndexToken.sol
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PrimaryIndexToken.sol
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// SPDX-License-Identifier: MIT
pragma solidity >=0.8.0;
import "./openzeppelin/contracts/proxy/transparent/ProxyAdmin.sol";
import "./openzeppelin/contracts/proxy/transparent/TransparentUpgradeableProxy.sol";
import "./openzeppelin/contracts-upgradeable/proxy/utils/Initializable.sol";
import "./openzeppelin/contracts-upgradeable/token/ERC20/ERC20Upgradeable.sol";
import "./openzeppelin/contracts-upgradeable/access/AccessControlUpgradeable.sol";
import "./openzeppelin/contracts-upgradeable/security/ReentrancyGuardUpgradeable.sol";
import "./openzeppelin/contracts-upgradeable/token/ERC20/utils/SafeERC20Upgradeable.sol";
import "./interfaces/IPriceProviderAggregator.sol";
import "./bToken/BLendingToken.sol";
contract PrimaryIndexToken is Initializable, AccessControlUpgradeable, ReentrancyGuardUpgradeable
{
using SafeERC20Upgradeable for ERC20Upgradeable;
bytes32 public constant MODERATOR_ROLE = keccak256("MODERATOR_ROLE");
string public name;
string public symbol;
IPriceProviderAggregator public priceOracle; // address of price oracle with interface of PriceProviderAggregator
address[] public projectTokens;
mapping(address => ProjectTokenInfo) public projectTokenInfo; // project token address => ProjectTokenInfo
address[] public lendingTokens;
mapping(address => LendingTokenInfo) public lendingTokenInfo; // lending token address => LendingTokenInfo
mapping(address => uint256) public totalDepositedProjectToken; // tokenAddress => PRJ token staked
mapping(address => mapping(address => mapping(address => DepositPosition))) depositPosition; // user address => PRJ token address => lendingToken address => DepositPosition
mapping(address => mapping(address => mapping(address => BorrowPosition))) public borrowPosition; // user address => project token address => lending token address => BorrowPosition
mapping(address => mapping(address => uint256)) public totalBorrow; //project token address => total borrow by project token [] = prjToken
mapping(address => mapping(address => uint256)) public borrowLimit; //project token address => limit of borrowing; [borrowLimit]=$
mapping(address => uint256) public borrowLimitPerCollateral; //project token address => limit of borrowing; [borrowLimit]=$
mapping(address => uint256) public totalBorrowPerLendingToken; //lending token address => total borrow by lending token [] - irrespective of the collateral assets used
mapping(address => uint256) public borrowLimitPerLendingToken; //lending token address => limit of borrowing; [borrowLimit]=$
mapping(address => mapping(address => address)) public lendingTokenPerCollateral; // user address => project token address => lending token address
address public usdcToken;
struct Ratio {
uint8 numerator;
uint8 denominator;
}
struct ProjectTokenInfo {
bool isListed;
bool isDepositPaused; // true - paused, false - not paused
bool isWithdrawPaused; // true - paused, false - not paused
Ratio loanToValueRatio;
Ratio liquidationThresholdFactor;
Ratio liquidationIncentive;
}
struct LendingTokenInfo {
bool isListed;
bool isPaused;
BLendingToken bLendingToken;
}
// prjToken
struct DepositPosition {
uint256 depositedProjectTokenAmount;
}
// lendingToken
struct BorrowPosition {
uint256 loanBody; // [loanBody] = lendingToken
uint256 accrual; // [accrual] = lendingToken
}
event AddPrjToken(address indexed tokenPrj, string name, string symbol);
event RemoveProjectToken(address indexed tokenPrj);
event AddLendingToken(address indexed lendingToken, string name, string symbol);
event RemoveLendingToken(address indexed lendingToken);
event SetPausedProjectToken(address _projectToken, bool _isDepositPaused, bool _isWithdrawPaused);
event SetPausedLendingToken(address _lendingToken, bool _isPaused);
event SetBorrowLimitPerCollateral(address projectToken,uint256 _borrowLimit);
event SetBorrowLimitPerLendingAsset(address lendingToken, uint256 _borrowLimit);
event LoanToValueRatioSet(address indexed tokenPrj, uint8 lvrNumerator, uint8 lvrDenominator);
event LiquidationThresholdFactorSet(address indexed tokenPrj, uint8 ltfNumerator, uint8 ltfDenominator);
event LiquidationIncentiveSet(address indexed tokenPrj, uint8 ltfNumerator, uint8 ltfDenominator);
event Deposit(address indexed who, address indexed tokenPrj, address lendingToken, uint256 prjDepositAmount, address indexed beneficiary);
event Withdraw(address indexed who, address indexed tokenPrj, address lendingToken, uint256 prjWithdrawAmount, address indexed beneficiary);
event Supply(address indexed who, address indexed supplyToken, uint256 supplyAmount, address indexed supplyBToken, uint256 amountSupplyBTokenReceived);
event Redeem(address indexed who, address indexed redeemToken, address indexed redeemBToken, uint256 redeemAmount);
event RedeemUnderlying(address indexed who, address indexed redeemToken, address indexed redeemBToken, uint256 redeemAmountUnderlying);
event Borrow(address indexed who, address indexed borrowToken, uint256 borrowAmount, address indexed prjAddress, uint256 prjAmount);
event RepayBorrow(address indexed who, address indexed borrowToken, uint256 borrowAmount, address indexed prjAddress, bool isPositionFullyRepaid);
event Liquidate(address indexed liquidator, address indexed borrower, address lendingToken, address indexed prjAddress, uint256 amountPrjLiquidated);
function initialize() public initializer {
name = "Primary Index Token";
symbol = "PIT";
__AccessControl_init();
__ReentrancyGuard_init_unchained();
_setupRole(DEFAULT_ADMIN_ROLE, msg.sender);
_setupRole(MODERATOR_ROLE, msg.sender);
}
modifier onlyAdmin() {
require(hasRole(DEFAULT_ADMIN_ROLE, msg.sender), "Caller is not the Admin");
_;
}
modifier onlyModerator() {
require(hasRole(MODERATOR_ROLE, msg.sender), "Caller is not the Moderator");
_;
}
modifier isProjectTokenListed(address projectToken) {
require(projectTokenInfo[projectToken].isListed, "PIT: project token is not listed");
_;
}
modifier isLendingTokenListed(address lendingToken) {
require(lendingTokenInfo[lendingToken].isListed, "PIT: lending token is not listed");
_;
}
//************* ADMIN FUNCTIONS ********************************
function addProjectToken(
address _projectToken,
uint8 _loanToValueRatioNumerator,
uint8 _loanToValueRatioDenominator,
uint8 _liquidationThresholdFactorNumerator,
uint8 _liquidationThresholdFactorDenominator,
uint8 _liquidationIncentiveNumerator,
uint8 _liquidationIncentiveDenominator
) public onlyAdmin {
require(_projectToken != address(0), "invalid _projectToken");
if(!projectTokenInfo[_projectToken].isListed){
projectTokens.push(_projectToken);
projectTokenInfo[_projectToken].isListed = true;
}
string memory projectTokenName = ERC20Upgradeable(_projectToken).name();
string memory projectTokenSymbol = ERC20Upgradeable(_projectToken).symbol();
emit AddPrjToken(_projectToken, projectTokenName, projectTokenSymbol);
setProjectTokenInfo(
_projectToken,
_loanToValueRatioNumerator,
_loanToValueRatioDenominator,
_liquidationThresholdFactorNumerator,
_liquidationThresholdFactorDenominator,
_liquidationIncentiveNumerator,
_liquidationIncentiveDenominator
);
setPausedProjectToken(_projectToken, false, false);
}
function removeProjectToken(
uint256 _projectTokenId
) public onlyAdmin isProjectTokenListed(projectTokens[_projectTokenId]) {
address projectToken = projectTokens[_projectTokenId];
delete projectTokenInfo[projectToken];
require(totalDepositedProjectToken[projectToken] == 0, "PIT: projectToken amount exist on PIT");
projectTokens[_projectTokenId] = projectTokens[projectTokens.length - 1];
projectTokens.pop();
emit RemoveProjectToken(projectToken);
}
function addLendingToken(
address _lendingToken,
address _bLendingToken,
bool _isPaused
) public onlyAdmin {
require(_lendingToken != address(0), "invalid _lendingToken");
if(!lendingTokenInfo[_lendingToken].isListed){
lendingTokens.push(_lendingToken);
lendingTokenInfo[_lendingToken].isListed = true;
}
string memory lendingTokenName = ERC20Upgradeable(_lendingToken).name();
string memory lendingTokenSymbol = ERC20Upgradeable(_lendingToken).symbol();
emit AddLendingToken(_lendingToken, lendingTokenName, lendingTokenSymbol);
setLendingTokenInfo(
_lendingToken,
_bLendingToken,
_isPaused
);
}
function removeLendingToken(
uint256 _lendingTokenId
) public onlyAdmin isLendingTokenListed(lendingTokens[_lendingTokenId]) {
address lendingToken = lendingTokens[_lendingTokenId];
delete lendingTokenInfo[lendingToken];
for(uint256 i = 0; i < projectTokens.length; i++) {
require(totalBorrow[projectTokens[i]][lendingToken] == 0, "PIT: exist borrow of lendingToken");
}
lendingTokens[_lendingTokenId] = lendingTokens[lendingTokens.length - 1];
lendingTokens.pop();
emit RemoveLendingToken(lendingToken);
}
function setPriceOracle(address _priceOracle) public onlyAdmin {
require(_priceOracle != address(0), "invalid _priceOracle");
priceOracle = IPriceProviderAggregator(_priceOracle);
}
function transferAdminship(address newAdmin) public onlyAdmin {
require(newAdmin != address(0), "PIT: invalid newAdmin");
grantRole(DEFAULT_ADMIN_ROLE, newAdmin);
revokeRole(DEFAULT_ADMIN_ROLE, msg.sender);
}
function grandModerator(address newModerator) public onlyAdmin {
grantRole(MODERATOR_ROLE, newModerator);
}
function revokeModerator(address moderator) public onlyAdmin {
revokeRole(MODERATOR_ROLE, moderator);
}
function setLendingTokenForColl(address projectToken, address user, address lendingToken) public onlyAdmin {
lendingTokenPerCollateral[user][projectToken] = lendingToken;
}
//************* MODERATOR FUNCTIONS ********************************
function setBorrowLimitPerCollateral(address projectToken,uint256 _borrowLimit) public onlyModerator isProjectTokenListed(projectToken) {
require(_borrowLimit > 0, "PIT: borrowLimit=0");
borrowLimitPerCollateral[projectToken] = _borrowLimit;
emit SetBorrowLimitPerCollateral(projectToken, _borrowLimit);
}
function setBorrowLimitPerLendingAsset(address lendingToken, uint256 _borrowLimit) public onlyModerator isLendingTokenListed(lendingToken) {
require(_borrowLimit > 0, "PIT: borrowLimit=0");
borrowLimitPerLendingToken[lendingToken] = _borrowLimit;
emit SetBorrowLimitPerLendingAsset(lendingToken, _borrowLimit);
}
function setTotalBorrowPerLendingToken(address lendingToken) public onlyModerator {
require(lendingToken != address(0), "PIT: invalid address");
uint256 total;
for(uint i=0; i < projectTokensLength(); i++) {
total += totalBorrow[projectTokens[i]][lendingToken];
}
totalBorrowPerLendingToken[lendingToken] = total;
}
function setProjectTokenInfo(
address _projectToken,
uint8 _loanToValueRatioNumerator,
uint8 _loanToValueRatioDenominator,
uint8 _liquidationThresholdFactorNumerator,
uint8 _liquidationThresholdFactorDenominator,
uint8 _liquidationIncentiveNumerator,
uint8 _liquidationIncentiveDenominator
) public onlyModerator isProjectTokenListed(_projectToken) {
require(_loanToValueRatioNumerator <= _loanToValueRatioDenominator, "invalid loanToValueRatio");
require(_liquidationThresholdFactorNumerator >= _liquidationThresholdFactorDenominator, "invalid liquidationTresholdFactor");
require(_liquidationIncentiveNumerator >= _liquidationIncentiveDenominator, "invalid liquidationIncentive");
ProjectTokenInfo storage info = projectTokenInfo[_projectToken];
info.loanToValueRatio = Ratio(_loanToValueRatioNumerator, _loanToValueRatioDenominator);
info.liquidationThresholdFactor = Ratio(_liquidationThresholdFactorNumerator, _liquidationThresholdFactorDenominator);
info.liquidationIncentive = Ratio(_liquidationIncentiveNumerator, _liquidationIncentiveDenominator);
emit LoanToValueRatioSet(_projectToken, _loanToValueRatioNumerator, _loanToValueRatioDenominator);
emit LiquidationThresholdFactorSet(_projectToken, _liquidationThresholdFactorNumerator, _liquidationThresholdFactorDenominator);
emit LiquidationIncentiveSet(_projectToken, _liquidationIncentiveNumerator, _liquidationIncentiveDenominator);
}
function setPausedProjectToken(
address _projectToken,
bool _isDepositPaused,
bool _isWithdrawPaused
) public onlyModerator isProjectTokenListed(_projectToken) {
projectTokenInfo[_projectToken].isDepositPaused = _isDepositPaused;
projectTokenInfo[_projectToken].isWithdrawPaused = _isWithdrawPaused;
emit SetPausedProjectToken(_projectToken, _isDepositPaused, _isWithdrawPaused);
}
function setLendingTokenInfo(
address _lendingToken,
address _bLendingToken,
bool _isPaused
) public onlyModerator isLendingTokenListed(_lendingToken){
require(_bLendingToken != address(0), "invalid _bLendingToken");
LendingTokenInfo storage info = lendingTokenInfo[_lendingToken];
info.isPaused = _isPaused;
info.bLendingToken = BLendingToken(_bLendingToken);
require(info.bLendingToken.underlying() == _lendingToken, "PIT: underlyingOfbLendingToken!=lendingToken");
emit SetPausedLendingToken(_lendingToken, _isPaused);
}
function setPausedLendingToken(address _lendingToken, bool _isPaused) public onlyModerator isLendingTokenListed(_lendingToken) {
lendingTokenInfo[_lendingToken].isPaused = _isPaused;
emit SetPausedLendingToken(_lendingToken, _isPaused);
}
function setUSDCToken(address usdc) public onlyModerator {
require(usdc != address(0), "PIT: invalid address");
usdcToken = usdc;
}
//************* PUBLIC FUNCTIONS ********************************
function deposit(address projectToken, uint256 projectTokenAmount) public isProjectTokenListed(projectToken) nonReentrant() {
require(!projectTokenInfo[projectToken].isDepositPaused, "PIT: projectToken is paused");
require(projectTokenAmount > 0, "PIT: projectTokenAmount==0");
DepositPosition storage _depositPosition = depositPosition[msg.sender][projectToken][usdcToken];
ERC20Upgradeable(projectToken).safeTransferFrom(msg.sender, address(this), projectTokenAmount);
_depositPosition.depositedProjectTokenAmount += projectTokenAmount;
totalDepositedProjectToken[projectToken] += projectTokenAmount;
emit Deposit(msg.sender, projectToken, usdcToken, projectTokenAmount, msg.sender);
}
function withdraw(address projectToken, uint256 projectTokenAmount) public isProjectTokenListed(projectToken) nonReentrant {
require(!projectTokenInfo[projectToken].isWithdrawPaused, "PIT: projectToken is paused");
DepositPosition storage _depositPosition = depositPosition[msg.sender][projectToken][usdcToken];
require(projectTokenAmount > 0 && _depositPosition.depositedProjectTokenAmount > 0, "PIT: invalid PRJ token amount or depositPosition doesn't exist");
uint borrowedUSD = totalOutstanding(msg.sender, projectToken, usdcToken);
address currentLendingToken = lendingTokenPerCollateral[msg.sender][projectToken];
address actualLendingToken;
if (currentLendingToken != address(0)) {
actualLendingToken = currentLendingToken;
} else {
actualLendingToken = borrowedUSD > 0 ? usdcToken : address(0);
}
uint256 _totalOutstanding = actualLendingToken == address(0) ? 0 : totalOutstandingInUSD(msg.sender, projectToken, actualLendingToken) ;
if (projectTokenAmount == type(uint256).max) {
if (borrowPosition[msg.sender][projectToken][actualLendingToken].loanBody > 0) {
updateInterestInBorrowPositions(msg.sender, actualLendingToken);
uint8 projectTokenDecimals = ERC20Upgradeable(projectToken).decimals();
Ratio memory lvr = projectTokenInfo[projectToken].loanToValueRatio;
uint256 depositedProjectTokenAmount = _depositPosition.depositedProjectTokenAmount;
uint256 collateralProjectTokenAmount = _totalOutstanding * lvr.denominator * (10 ** projectTokenDecimals) / getTokenEvaluation(projectToken, 10 ** projectTokenDecimals) / lvr.numerator;
if (depositedProjectTokenAmount >= collateralProjectTokenAmount){
projectTokenAmount = depositedProjectTokenAmount - collateralProjectTokenAmount;
} else {
revert("Position under liquidation");
}
} else {
projectTokenAmount = _depositPosition.depositedProjectTokenAmount;
}
}
require(projectTokenAmount <= _depositPosition.depositedProjectTokenAmount, "PIT: try to withdraw more than available");
_depositPosition.depositedProjectTokenAmount -= projectTokenAmount;
if (_totalOutstanding > 0) {
(uint256 healthFactorNumerator, uint256 healthFactorDenominator) = healthFactor(msg.sender, projectToken, actualLendingToken);
if (healthFactorNumerator < healthFactorDenominator) {
revert("PIT: withdrawable amount makes healthFactor<1");
}
}
totalDepositedProjectToken[projectToken] -= projectTokenAmount;
ERC20Upgradeable(projectToken).safeTransfer(msg.sender, projectTokenAmount);
emit Withdraw(msg.sender, projectToken, actualLendingToken, projectTokenAmount, msg.sender);
}
function supply(address lendingToken, uint256 lendingTokenAmount) public isLendingTokenListed(lendingToken) {
require(!lendingTokenInfo[lendingToken].isPaused, "PIT: lending token is paused");
require(lendingTokenAmount > 0, "PIT: lendingTokenAmount==0");
(uint256 mintError, uint256 mintedAmount) = lendingTokenInfo[lendingToken].bLendingToken.mintTo(msg.sender, lendingTokenAmount);
require(mintError == 0,"PIT: mintError!=0");
require(mintedAmount > 0, "PIT: mintedAmount==0");
emit Supply(msg.sender, lendingToken, lendingTokenAmount, address(lendingTokenInfo[lendingToken].bLendingToken), mintedAmount);
}
function redeem(address lendingToken, uint256 bLendingTokenAmount) public isLendingTokenListed(lendingToken) {
require(!lendingTokenInfo[lendingToken].isPaused, "PIT: lending token is paused");
require(bLendingTokenAmount > 0, "PIT: bLendingTokenAmount==0");
uint256 redeemError = lendingTokenInfo[lendingToken].bLendingToken.redeemTo(msg.sender, bLendingTokenAmount);
require(redeemError == 0,"PIT: redeemError!=0. redeem>=supply.");
emit Redeem(msg.sender, lendingToken, address(lendingTokenInfo[lendingToken].bLendingToken), bLendingTokenAmount);
}
function redeemUnderlying(address lendingToken, uint256 lendingTokenAmount) public isLendingTokenListed(lendingToken) {
require(!lendingTokenInfo[lendingToken].isPaused, "PIT: lending token is paused");
require(lendingTokenAmount > 0, "PIT: lendingTokenAmount==0");
uint256 redeemUnderlyingError = lendingTokenInfo[lendingToken].bLendingToken.redeemUnderlyingTo(msg.sender, lendingTokenAmount);
require(redeemUnderlyingError == 0,"PIT:redeem>=supply");
emit RedeemUnderlying(msg.sender, lendingToken, address(lendingTokenInfo[lendingToken].bLendingToken), lendingTokenAmount);
}
function borrow(address projectToken, address lendingToken, uint256 lendingTokenAmount) public isProjectTokenListed(projectToken) isLendingTokenListed(lendingToken) {
address _lendingToken = lendingTokenPerCollateral[msg.sender][projectToken];
BorrowPosition storage _borrowPosition = borrowPosition[msg.sender][projectToken][lendingToken];
uint borrowedUSD = totalOutstanding(msg.sender, projectToken, usdcToken);
if (borrowedUSD > 0) {
require(lendingToken == usdcToken, "PIT: invalid lending token");
} else if(_lendingToken != address(0)) {
require(lendingToken == _lendingToken, "PIT: invalid lending token");
}
updateInterestInBorrowPositions(msg.sender, lendingToken);
if (lendingTokenAmount == type(uint256).max) {
lendingTokenAmount = convertPitRemaining(msg.sender, projectToken, lendingToken);
}
require(getPriceConvert(lendingToken, lendingTokenAmount) <= pitRemaining(msg.sender, projectToken, lendingToken), "PIT: lendingTokenAmount exceeds pitRemaining");
require(getTotalBorrowPerCollateral(projectToken) + getPriceConvert(lendingToken, lendingTokenAmount) <= borrowLimitPerCollateral[projectToken], "PIT: totalBorrow exceeded borrowLimit per collateral asset");
require(getTotalBorrowPerLendingToken(lendingToken) + getPriceConvert(lendingToken, lendingTokenAmount) <= borrowLimitPerLendingToken[lendingToken], "PIT: totalBorrow exceeded borrowLimit per lending asset");
LendingTokenInfo memory info = lendingTokenInfo[lendingToken];
info.bLendingToken.borrowTo(msg.sender, lendingTokenAmount);
_borrowPosition.loanBody += lendingTokenAmount;
totalBorrow[projectToken][lendingToken] += lendingTokenAmount;
totalBorrowPerLendingToken[lendingToken] += lendingTokenAmount;
if(_lendingToken == address(0)) {
lendingTokenPerCollateral[msg.sender][projectToken] = lendingToken;
}
emit Borrow(msg.sender, lendingToken, lendingTokenAmount, projectToken, depositPosition[msg.sender][projectToken][usdcToken].depositedProjectTokenAmount);
}
function repay(address projectToken, address lendingToken, uint256 lendingTokenAmount) public isProjectTokenListed(projectToken) isLendingTokenListed(lendingToken) returns (uint256) {
require(lendingTokenAmount > 0, "PIT: lendingTokenAmount==0");
return repayInternal(msg.sender, msg.sender, projectToken, lendingToken, lendingTokenAmount);
}
function repayInternal(address repairer, address borrower, address projectToken, address lendingToken, uint256 lendingTokenAmount) internal returns (uint256) {
uint256 borrowPositionsAmount = 0;
for(uint256 i = 0; i < projectTokens.length; i++) {
if (borrowPosition[borrower][projectTokens[i]][lendingToken].loanBody > 0) {
borrowPositionsAmount++;
}
}
BorrowPosition storage _borrowPosition = borrowPosition[borrower][projectToken][lendingToken];
if (borrowPositionsAmount == 0 || _borrowPosition.loanBody == 0) {
revert("PIT: no borrow position");
}
LendingTokenInfo memory info = lendingTokenInfo[lendingToken];
updateInterestInBorrowPositions(borrower, lendingToken);
uint256 amountRepaid;
bool isPositionFullyRepaid;
uint256 _totalOutstanding = totalOutstanding(borrower, projectToken, lendingToken);
if (borrowPositionsAmount == 1) {
if (lendingTokenAmount > info.bLendingToken.borrowBalanceStored(borrower) ||
lendingTokenAmount >= _totalOutstanding ||
lendingTokenAmount == type(uint256).max) {
(, amountRepaid) = info.bLendingToken.repayTo(repairer, borrower, type(uint256).max);
totalBorrow[projectToken][lendingToken] -= _borrowPosition.loanBody;
totalBorrowPerLendingToken[lendingToken] -= _borrowPosition.loanBody;
_borrowPosition.loanBody = 0;
_borrowPosition.accrual = 0;
delete lendingTokenPerCollateral[borrower][projectToken];
isPositionFullyRepaid = true;
} else {
uint256 lendingTokenAmountToRepay = lendingTokenAmount;
(, amountRepaid) = info.bLendingToken.repayTo(repairer, borrower, lendingTokenAmountToRepay);
if (lendingTokenAmountToRepay > _borrowPosition.accrual) {
lendingTokenAmountToRepay -= _borrowPosition.accrual;
_borrowPosition.accrual = 0;
totalBorrow[projectToken][lendingToken] -= lendingTokenAmountToRepay;
totalBorrowPerLendingToken[lendingToken] -= lendingTokenAmountToRepay;
_borrowPosition.loanBody -= lendingTokenAmountToRepay;
} else {
_borrowPosition.accrual -= lendingTokenAmountToRepay;
}
isPositionFullyRepaid = false;
}
} else {
if (lendingTokenAmount >= _totalOutstanding || lendingTokenAmount == type(uint256).max) {
(, amountRepaid) = info.bLendingToken.repayTo(repairer, borrower, _totalOutstanding);
totalBorrow[projectToken][lendingToken] -= _borrowPosition.loanBody;
totalBorrowPerLendingToken[lendingToken] -= _borrowPosition.loanBody;
_borrowPosition.loanBody = 0;
_borrowPosition.accrual = 0;
delete lendingTokenPerCollateral[borrower][projectToken];
isPositionFullyRepaid = true;
} else {
uint256 lendingTokenAmountToRepay = lendingTokenAmount;
(, amountRepaid) = info.bLendingToken.repayTo(repairer, borrower, lendingTokenAmountToRepay);
if(lendingTokenAmountToRepay > _borrowPosition.accrual){
lendingTokenAmountToRepay -= _borrowPosition.accrual;
_borrowPosition.accrual = 0;
totalBorrow[projectToken][lendingToken] -= lendingTokenAmountToRepay;
totalBorrowPerLendingToken[lendingToken] -= lendingTokenAmountToRepay;
_borrowPosition.loanBody -= lendingTokenAmountToRepay;
} else {
_borrowPosition.accrual -= lendingTokenAmountToRepay;
}
isPositionFullyRepaid = false;
}
}
emit RepayBorrow(repairer, lendingToken, amountRepaid, projectToken, isPositionFullyRepaid);
return amountRepaid;
}
function liquidate(address account, address projectToken, address lendingToken) public isProjectTokenListed(projectToken) isLendingTokenListed(lendingToken) {
//liquidation v3.0
//require(!projectTokenInfo[projectToken].isPaused, "PIT: projectToken is paused");
updateInterestInBorrowPositions(account, lendingToken);
(uint256 healthFactorNumerator, uint256 healthFactorDenominator) = healthFactor(account, projectToken, lendingToken);
if(healthFactorNumerator >= healthFactorDenominator){
revert("PIT: healthFactor>=1");
}
ProjectTokenInfo memory info = projectTokenInfo[projectToken];
uint256 projectTokenMultiplier = 10 ** ERC20Upgradeable(projectToken).decimals();
uint256 repaid = repayInternal(msg.sender, account, projectToken, lendingToken, type(uint256).max);
uint256 projectTokenEvaluation = repaid * projectTokenMultiplier / getTokenEvaluation(projectToken, projectTokenMultiplier);
uint256 projectTokenToSendToLiquidator = projectTokenEvaluation * info.liquidationIncentive.numerator / info.liquidationIncentive.denominator;
uint256 depositedProjectTokenAmount = depositPosition[account][projectToken][usdcToken].depositedProjectTokenAmount;
if(projectTokenToSendToLiquidator > depositedProjectTokenAmount){
projectTokenToSendToLiquidator = depositedProjectTokenAmount;
}
depositPosition[account][projectToken][usdcToken].depositedProjectTokenAmount -= projectTokenToSendToLiquidator;
totalDepositedProjectToken[projectToken] -= projectTokenToSendToLiquidator;
ERC20Upgradeable(projectToken).safeTransfer(msg.sender, projectTokenToSendToLiquidator);
emit Liquidate(msg.sender, account, lendingToken, projectToken, projectTokenToSendToLiquidator);
}
function updateInterestInBorrowPositions(address account, address lendingToken) public {
uint256 cumulativeLoanBody = 0;
uint256 cumulativeTotalOutstanding = 0;
for(uint256 i = 0; i < projectTokens.length; i++) {
BorrowPosition memory _borrowPosition = borrowPosition[account][projectTokens[i]][lendingToken];
cumulativeLoanBody += _borrowPosition.loanBody;
cumulativeTotalOutstanding += _borrowPosition.loanBody + _borrowPosition.accrual;
}
if (cumulativeLoanBody == 0) {
return;
}
uint256 currentBorrowBalance = lendingTokenInfo[lendingToken].bLendingToken.borrowBalanceCurrent(account);
if (currentBorrowBalance >= cumulativeTotalOutstanding){
uint256 estimatedAccrual = currentBorrowBalance - cumulativeTotalOutstanding;
BorrowPosition storage _borrowPosition;
for(uint i = 0; i < projectTokens.length; i++) {
_borrowPosition = borrowPosition[account][projectTokens[i]][lendingToken];
_borrowPosition.accrual += estimatedAccrual * _borrowPosition.loanBody / cumulativeLoanBody;
}
}
}
//************* VIEW FUNCTIONS ********************************
// pit = $ * LVR
function pit(address account, address projectToken) public view returns (uint256) {
uint8 lvrNumerator = projectTokenInfo[projectToken].loanToValueRatio.numerator;
uint8 lvrDenominator = projectTokenInfo[projectToken].loanToValueRatio.denominator;
uint256 evaluation = getTokenEvaluation(projectToken, depositPosition[account][projectToken][usdcToken].depositedProjectTokenAmount);
return evaluation * lvrNumerator / lvrDenominator;
}
function pitRemaining(address account, address projectToken, address lendingToken) public view returns (uint256) {
address _lendingToken = lendingTokenPerCollateral[account][projectToken];
uint256 _pit = pit(account, projectToken);
uint remaining;
if(_pit > 0) {
if(_lendingToken == address(0) &&
totalOutstanding(account, projectToken, usdcToken) == 0 ||
lendingToken == _lendingToken &&
totalOutstanding(account, projectToken, _lendingToken) == 0)
{
remaining = _pit;
} else {
if(_lendingToken == address(0)) {
remaining = lendingToken != usdcToken ? 0 : _pitRemainingInternal(account, projectToken, lendingToken, _pit);
} else {
remaining = _lendingToken != lendingToken ? 0 : _pitRemainingInternal(account, projectToken, lendingToken, _pit);
}
}
} else {
return 0;
}
return remaining;
}
function _pitRemainingInternal(address account, address projectToken, address lendingToken, uint256 _pit) internal view returns (uint256) {
uint256 _totalOutstandingInUSD = totalOutstandingInUSD(account, projectToken, lendingToken);
if (_pit >= _totalOutstandingInUSD) {
return _pit - _totalOutstandingInUSD;
} else {
return 0;
}
}
function liquidationThreshold(address account, address projectToken, address lendingToken) public view returns (uint256) {
ProjectTokenInfo memory info = projectTokenInfo[projectToken];
uint256 liquidationThresholdFactorNumerator = info.liquidationThresholdFactor.numerator;
uint256 liquidationThresholdFactorDenominator = info.liquidationThresholdFactor.denominator;
uint256 _totalOutstanding = totalOutstandingInUSD(account, projectToken, lendingToken);
return _totalOutstanding * liquidationThresholdFactorNumerator / liquidationThresholdFactorDenominator;
}
function totalOutstanding(address account, address projectToken, address lendingToken) public view returns (uint256) {
BorrowPosition memory _borrowPosition = borrowPosition[account][projectToken][lendingToken];
return _borrowPosition.loanBody + _borrowPosition.accrual;
}
function healthFactor(address account, address projectToken, address lendingToken) public view returns (uint256 numerator, uint256 denominator) {
numerator = pit(account, projectToken);
denominator = totalOutstandingInUSD(account, projectToken, lendingToken);
}
function getTokenEvaluation(address token, uint256 tokenAmount) public view returns (uint256) {
return priceOracle.getEvaluation(token, tokenAmount);
}
function lendingTokensLength() public view returns (uint256) {
return lendingTokens.length;
}
function projectTokensLength() public view returns (uint256) {
return projectTokens.length;
}
function getPosition(address account, address projectToken, address lendingToken) public view returns (uint256 depositedProjectTokenAmount, uint256 loanBody, uint256 accrual, uint256 healthFactorNumerator, uint256 healthFactorDenominator) {
depositedProjectTokenAmount = getDepositedAmount(projectToken, account);
loanBody = borrowPosition[account][projectToken][lendingToken].loanBody;
uint256 cumulativeTotalOutstanding = 0;
uint256 cumulativeLoanBody = 0;
for(uint256 i = 0; i < projectTokens.length; i++) {
cumulativeLoanBody += borrowPosition[account][projectTokens[i]][lendingToken].loanBody;
cumulativeTotalOutstanding += totalOutstanding(account, projectTokens[i], lendingToken);
}
uint256 estimatedBorrowBalance = lendingTokenInfo[lendingToken].bLendingToken.getEstimatedBorrowBalanceStored(account);
accrual = borrowPosition[account][projectToken][lendingToken].accrual;
if (estimatedBorrowBalance >= cumulativeTotalOutstanding && cumulativeLoanBody > 0) {
accrual += loanBody * (estimatedBorrowBalance - cumulativeTotalOutstanding) / cumulativeLoanBody;
}
healthFactorNumerator = pit(account, projectToken);
uint amount = loanBody + accrual;
healthFactorDenominator = getPriceConvert(lendingToken, amount);
}
function decimals() public pure returns (uint8) {
return 6;
}
function getDepositedAmount(address projectToken, address user) public view returns (uint) {
return depositPosition[user][projectToken][usdcToken].depositedProjectTokenAmount;
}
function getTotalBorrowPerCollateral(address projectToken) public view returns (uint) {
require(lendingTokensLength() > 0, "PIT: lis lendingTokens is empty");
uint totalBorrowInUSD;
for(uint i = 0; i < lendingTokensLength(); i++) {
uint amount = totalBorrow[projectToken][lendingTokens[i]];
totalBorrowInUSD += getPriceConvert(lendingTokens[i], amount);
}
return totalBorrowInUSD;
}
function getTotalBorrowPerLendingToken(address lendingToken) public view returns (uint) {
uint amount = totalBorrowPerLendingToken[lendingToken];
return getPriceConvert(lendingToken, amount);
}
// convert outstanding of each user to $
function totalOutstandingInUSD(address account, address projectToken, address lendingToken) public view returns (uint256) {
uint256 amount = totalOutstanding(account, projectToken, lendingToken);
return getPriceConvert(lendingToken, amount);
}
function getPriceConvert(address lendingToken, uint amount) public view returns(uint256) {
uint256 price = lendingToken == usdcToken ? amount : getTokenEvaluation(lendingToken, amount);
return price;
}
function convertPitRemaining(address account, address projectToken, address lendingToken) public view returns(uint256) {
uint256 _pitRemaining = pitRemaining(account, projectToken, lendingToken);
uint8 lendingTokenDecimals = ERC20Upgradeable(lendingToken).decimals();
uint256 lendingTokenAmount = lendingToken == usdcToken ? _pitRemaining : _pitRemaining * (10 ** lendingTokenDecimals) / getTokenEvaluation(lendingToken, 10 ** lendingTokenDecimals);
return lendingTokenAmount;
}
}