// SPDX-License-Identifier: MIT
// OpenZeppelin Contracts (last updated v4.9.0) (utils/Address.sol)
pragma solidity ^0.8.1;
/**
* @dev Collection of functions related to the address type
*/
library Address {
/**
* @dev Returns true if `account` is a contract.
*
* [IMPORTANT]
* ====
* It is unsafe to assume that an address for which this function returns
* false is an externally-owned account (EOA) and not a contract.
*
* Among others, `isContract` will return false for the following
* types of addresses:
*
* - an externally-owned account
* - a contract in construction
* - an address where a contract will be created
* - an address where a contract lived, but was destroyed
*
* Furthermore, `isContract` will also return true if the target contract within
* the same transaction is already scheduled for destruction by `SELFDESTRUCT`,
* which only has an effect at the end of a transaction.
* ====
*
* [IMPORTANT]
* ====
* You shouldn't rely on `isContract` to protect against flash loan attacks!
*
* Preventing calls from contracts is highly discouraged. It breaks composability, breaks support for smart wallets
* like Gnosis Safe, and does not provide security since it can be circumvented by calling from a contract
* constructor.
* ====
*/
function isContract(address account) internal view returns (bool) {
// This method relies on extcodesize/address.code.length, which returns 0
// for contracts in construction, since the code is only stored at the end
// of the constructor execution.
return account.code.length > 0;
}
/**
* @dev Replacement for Solidity's `transfer`: sends `amount` wei to
* `recipient`, forwarding all available gas and reverting on errors.
*
* https://eips.ethereum.org/EIPS/eip-1884[EIP1884] increases the gas cost
* of certain opcodes, possibly making contracts go over the 2300 gas limit
* imposed by `transfer`, making them unable to receive funds via
* `transfer`. {sendValue} removes this limitation.
*
* https://consensys.net/diligence/blog/2019/09/stop-using-soliditys-transfer-now/[Learn more].
*
* IMPORTANT: because control is transferred to `recipient`, care must be
* taken to not create reentrancy vulnerabilities. Consider using
* {ReentrancyGuard} or the
* https://solidity.readthedocs.io/en/v0.8.0/security-considerations.html#use-the-checks-effects-interactions-pattern[checks-effects-interactions pattern].
*/
function sendValue(address payable recipient, uint256 amount) internal {
require(address(this).balance >= amount, "Address: insufficient balance");
(bool success, ) = recipient.call{value: amount}("");
require(success, "Address: unable to send value, recipient may have reverted");
}
/**
* @dev Performs a Solidity function call using a low level `call`. A
* plain `call` is an unsafe replacement for a function call: use this
* function instead.
*
* If `target` reverts with a revert reason, it is bubbled up by this
* function (like regular Solidity function calls).
*
* Returns the raw returned data. To convert to the expected return value,
* use https://solidity.readthedocs.io/en/latest/units-and-global-variables.html?highlight=abi.decode#abi-encoding-and-decoding-functions[`abi.decode`].
*
* Requirements:
*
* - `target` must be a contract.
* - calling `target` with `data` must not revert.
*
* _Available since v3.1._
*/
function functionCall(address target, bytes memory data) internal returns (bytes memory) {
return functionCallWithValue(target, data, 0, "Address: low-level call failed");
}
/**
* @dev Same as {xref-Address-functionCall-address-bytes-}[`functionCall`], but with
* `errorMessage` as a fallback revert reason when `target` reverts.
*
* _Available since v3.1._
*/
function functionCall(
address target,
bytes memory data,
string memory errorMessage
) internal returns (bytes memory) {
return functionCallWithValue(target, data, 0, errorMessage);
}
/**
* @dev Same as {xref-Address-functionCall-address-bytes-}[`functionCall`],
* but also transferring `value` wei to `target`.
*
* Requirements:
*
* - the calling contract must have an ETH balance of at least `value`.
* - the called Solidity function must be `payable`.
*
* _Available since v3.1._
*/
function functionCallWithValue(address target, bytes memory data, uint256 value) internal returns (bytes memory) {
return functionCallWithValue(target, data, value, "Address: low-level call with value failed");
}
/**
* @dev Same as {xref-Address-functionCallWithValue-address-bytes-uint256-}[`functionCallWithValue`], but
* with `errorMessage` as a fallback revert reason when `target` reverts.
*
* _Available since v3.1._
*/
function functionCallWithValue(
address target,
bytes memory data,
uint256 value,
string memory errorMessage
) internal returns (bytes memory) {
require(address(this).balance >= value, "Address: insufficient balance for call");
(bool success, bytes memory returndata) = target.call{value: value}(data);
return verifyCallResultFromTarget(target, success, returndata, errorMessage);
}
/**
* @dev Same as {xref-Address-functionCall-address-bytes-}[`functionCall`],
* but performing a static call.
*
* _Available since v3.3._
*/
function functionStaticCall(address target, bytes memory data) internal view returns (bytes memory) {
return functionStaticCall(target, data, "Address: low-level static call failed");
}
/**
* @dev Same as {xref-Address-functionCall-address-bytes-string-}[`functionCall`],
* but performing a static call.
*
* _Available since v3.3._
*/
function functionStaticCall(
address target,
bytes memory data,
string memory errorMessage
) internal view returns (bytes memory) {
(bool success, bytes memory returndata) = target.staticcall(data);
return verifyCallResultFromTarget(target, success, returndata, errorMessage);
}
/**
* @dev Same as {xref-Address-functionCall-address-bytes-}[`functionCall`],
* but performing a delegate call.
*
* _Available since v3.4._
*/
function functionDelegateCall(address target, bytes memory data) internal returns (bytes memory) {
return functionDelegateCall(target, data, "Address: low-level delegate call failed");
}
/**
* @dev Same as {xref-Address-functionCall-address-bytes-string-}[`functionCall`],
* but performing a delegate call.
*
* _Available since v3.4._
*/
function functionDelegateCall(
address target,
bytes memory data,
string memory errorMessage
) internal returns (bytes memory) {
(bool success, bytes memory returndata) = target.delegatecall(data);
return verifyCallResultFromTarget(target, success, returndata, errorMessage);
}
/**
* @dev Tool to verify that a low level call to smart-contract was successful, and revert (either by bubbling
* the revert reason or using the provided one) in case of unsuccessful call or if target was not a contract.
*
* _Available since v4.8._
*/
function verifyCallResultFromTarget(
address target,
bool success,
bytes memory returndata,
string memory errorMessage
) internal view returns (bytes memory) {
if (success) {
if (returndata.length == 0) {
// only check isContract if the call was successful and the return data is empty
// otherwise we already know that it was a contract
require(isContract(target), "Address: call to non-contract");
}
return returndata;
} else {
_revert(returndata, errorMessage);
}
}
/**
* @dev Tool to verify that a low level call was successful, and revert if it wasn't, either by bubbling the
* revert reason or using the provided one.
*
* _Available since v4.3._
*/
function verifyCallResult(
bool success,
bytes memory returndata,
string memory errorMessage
) internal pure returns (bytes memory) {
if (success) {
return returndata;
} else {
_revert(returndata, errorMessage);
}
}
function _revert(bytes memory returndata, string memory errorMessage) private pure {
// Look for revert reason and bubble it up if present
if (returndata.length > 0) {
// The easiest way to bubble the revert reason is using memory via assembly
/// @solidity memory-safe-assembly
assembly {
let returndata_size := mload(returndata)
revert(add(32, returndata), returndata_size)
}
} else {
revert(errorMessage);
}
}
}
// SPDX-License-Identifier: MIT
// OpenZeppelin Contracts (last updated v4.9.0) (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: MIT
// OpenZeppelin Contracts (last updated v4.9.4) (token/ERC20/extensions/IERC20Permit.sol)
pragma solidity ^0.8.0;
/**
* @dev Interface of the ERC20 Permit extension allowing approvals to be made via signatures, as defined in
* https://eips.ethereum.org/EIPS/eip-2612[EIP-2612].
*
* Adds the {permit} method, which can be used to change an account's ERC20 allowance (see {IERC20-allowance}) by
* presenting a message signed by the account. By not relying on {IERC20-approve}, the token holder account doesn't
* need to send a transaction, and thus is not required to hold Ether at all.
*
* ==== Security Considerations
*
* There are two important considerations concerning the use of `permit`. The first is that a valid permit signature
* expresses an allowance, and it should not be assumed to convey additional meaning. In particular, it should not be
* considered as an intention to spend the allowance in any specific way. The second is that because permits have
* built-in replay protection and can be submitted by anyone, they can be frontrun. A protocol that uses permits should
* take this into consideration and allow a `permit` call to fail. Combining these two aspects, a pattern that may be
* generally recommended is:
*
* ```solidity
* function doThingWithPermit(..., uint256 value, uint256 deadline, uint8 v, bytes32 r, bytes32 s) public {
* try token.permit(msg.sender, address(this), value, deadline, v, r, s) {} catch {}
* doThing(..., value);
* }
*
* function doThing(..., uint256 value) public {
* token.safeTransferFrom(msg.sender, address(this), value);
* ...
* }
* ```
*
* Observe that: 1) `msg.sender` is used as the owner, leaving no ambiguity as to the signer intent, and 2) the use of
* `try/catch` allows the permit to fail and makes the code tolerant to frontrunning. (See also
* {SafeERC20-safeTransferFrom}).
*
* Additionally, note that smart contract wallets (such as Argent or Safe) are not able to produce permit signatures, so
* contracts should have entry points that don't rely on permit.
*/
interface IERC20Permit {
/**
* @dev Sets `value` as the allowance of `spender` over ``owner``'s tokens,
* given ``owner``'s signed approval.
*
* IMPORTANT: The same issues {IERC20-approve} has related to transaction
* ordering also apply here.
*
* Emits an {Approval} event.
*
* Requirements:
*
* - `spender` cannot be the zero address.
* - `deadline` must be a timestamp in the future.
* - `v`, `r` and `s` must be a valid `secp256k1` signature from `owner`
* over the EIP712-formatted function arguments.
* - the signature must use ``owner``'s current nonce (see {nonces}).
*
* For more information on the signature format, see the
* https://eips.ethereum.org/EIPS/eip-2612#specification[relevant EIP
* section].
*
* CAUTION: See Security Considerations above.
*/
function permit(
address owner,
address spender,
uint256 value,
uint256 deadline,
uint8 v,
bytes32 r,
bytes32 s
) external;
/**
* @dev Returns the current nonce for `owner`. This value must be
* included whenever a signature is generated for {permit}.
*
* Every successful call to {permit} increases ``owner``'s nonce by one. This
* prevents a signature from being used multiple times.
*/
function nonces(address owner) external view returns (uint256);
/**
* @dev Returns the domain separator used in the encoding of the signature for {permit}, as defined by {EIP712}.
*/
// solhint-disable-next-line func-name-mixedcase
function DOMAIN_SEPARATOR() external view returns (bytes32);
}
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
/// @notice Interface for the flash swap callback
interface IFlashSwapCallback {
/// @notice Called on the token receiver by the LiquidationPair during a liquidation if the flashSwap data length is non-zero
/// @param _sender The address that triggered the liquidation swap
/// @param _amountOut The amount of tokens that were sent to the receiver
/// @param _amountIn The amount of tokens expected to be sent to the target
/// @param _flashSwapData The flash swap data that was passed into the swap function.
function flashSwapCallback(
address _sender,
uint256 _amountIn,
uint256 _amountOut,
bytes calldata _flashSwapData
) external;
}
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
import { ILiquidationSource } from "./ILiquidationSource.sol";
interface ILiquidationPair {
/**
* @notice The liquidation source that the pair is using.
* @dev The source executes the actual token swap, while the pair handles the pricing.
*/
function source() external returns (ILiquidationSource);
/**
* @notice Returns the token that is used to pay for auctions.
* @return address of the token coming in
*/
function tokenIn() external returns (address);
/**
* @notice Returns the token that is being auctioned.
* @return address of the token coming out
*/
function tokenOut() external returns (address);
/**
* @notice Get the address that will receive `tokenIn`.
* @return Address of the target
*/
function target() external returns (address);
/**
* @notice Gets the maximum amount of tokens that can be swapped out from the source.
* @return The maximum amount of tokens that can be swapped out.
*/
function maxAmountOut() external returns (uint256);
/**
* @notice Swaps the given amount of tokens out and ensures the amount of tokens in doesn't exceed the given maximum.
* @dev The amount of tokens being swapped in must be sent to the target before calling this function.
* @param _receiver The address to send the tokens to.
* @param _amountOut The amount of tokens to receive out.
* @param _amountInMax The maximum amount of tokens to send in.
* @param _flashSwapData If non-zero, the _receiver is called with this data prior to
* @return The amount of tokens sent in.
*/
function swapExactAmountOut(
address _receiver,
uint256 _amountOut,
uint256 _amountInMax,
bytes calldata _flashSwapData
) external returns (uint256);
/**
* @notice Computes the exact amount of tokens to send in for the given amount of tokens to receive out.
* @param _amountOut The amount of tokens to receive out.
* @return The amount of tokens to send in.
*/
function computeExactAmountIn(uint256 _amountOut) external returns (uint256);
}
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
interface ILiquidationSource {
/**
* @notice Emitted when a new liquidation pair is set for the given `tokenOut`.
* @param tokenOut The token being liquidated
* @param liquidationPair The new liquidation pair for the token
*/
event LiquidationPairSet(address indexed tokenOut, address indexed liquidationPair);
/**
* @notice Get the available amount of tokens that can be swapped.
* @param tokenOut Address of the token to get available balance for
* @return uint256 Available amount of `token`
*/
function liquidatableBalanceOf(address tokenOut) external returns (uint256);
/**
* @notice Transfers tokens to the receiver
* @param sender Address that triggered the liquidation
* @param receiver Address of the account that will receive `tokenOut`
* @param tokenOut Address of the token being bought
* @param amountOut Amount of token being bought
*/
function transferTokensOut(
address sender,
address receiver,
address tokenOut,
uint256 amountOut
) external returns (bytes memory);
/**
* @notice Verifies that tokens have been transferred in.
* @param tokenIn Address of the token being sold
* @param amountIn Amount of token being sold
* @param transferTokensOutData Data returned by the corresponding transferTokensOut call
*/
function verifyTokensIn(
address tokenIn,
uint256 amountIn,
bytes calldata transferTokensOutData
) external;
/**
* @notice Get the address that will receive `tokenIn`.
* @param tokenIn Address of the token to get the target address for
* @return address Address of the target
*/
function targetOf(address tokenIn) external returns (address);
/**
* @notice Checks if a liquidation pair can be used to liquidate the given tokenOut from this source.
* @param tokenOut The address of the token to liquidate
* @param liquidationPair The address of the liquidation pair that is being checked
* @return bool True if the liquidation pair can be used, false otherwise
*/
function isLiquidationPair(address tokenOut, address liquidationPair) external returns (bool);
}
// SPDX-License-Identifier: MIT
// OpenZeppelin Contracts (last updated v4.9.3) (token/ERC20/utils/SafeERC20.sol)
pragma solidity ^0.8.0;
import "../IERC20.sol";
import "../extensions/IERC20Permit.sol";
import "../../../utils/Address.sol";
/**
* @title SafeERC20
* @dev Wrappers around ERC20 operations that throw on failure (when the token
* contract returns false). Tokens that return no value (and instead revert or
* throw on failure) are also supported, non-reverting calls are assumed to be
* successful.
* To use this library you can add a `using SafeERC20 for IERC20;` statement to your contract,
* which allows you to call the safe operations as `token.safeTransfer(...)`, etc.
*/
library SafeERC20 {
using Address for address;
/**
* @dev Transfer `value` amount of `token` from the calling contract to `to`. If `token` returns no value,
* non-reverting calls are assumed to be successful.
*/
function safeTransfer(IERC20 token, address to, uint256 value) internal {
_callOptionalReturn(token, abi.encodeWithSelector(token.transfer.selector, to, value));
}
/**
* @dev Transfer `value` 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.
*/
function safeTransferFrom(IERC20 token, address from, address to, uint256 value) internal {
_callOptionalReturn(token, abi.encodeWithSelector(token.transferFrom.selector, from, to, value));
}
/**
* @dev Deprecated. This function has issues similar to the ones found in
* {IERC20-approve}, and its usage is discouraged.
*
* Whenever possible, use {safeIncreaseAllowance} and
* {safeDecreaseAllowance} instead.
*/
function safeApprove(IERC20 token, address spender, uint256 value) internal {
// safeApprove should only be called when setting an initial allowance,
// or when resetting it to zero. To increase and decrease it, use
// 'safeIncreaseAllowance' and 'safeDecreaseAllowance'
require(
(value == 0) || (token.allowance(address(this), spender) == 0),
"SafeERC20: approve from non-zero to non-zero allowance"
);
_callOptionalReturn(token, abi.encodeWithSelector(token.approve.selector, spender, value));
}
/**
* @dev Increase the calling contract's allowance toward `spender` by `value`. If `token` returns no value,
* non-reverting calls are assumed to be successful.
*/
function safeIncreaseAllowance(IERC20 token, address spender, uint256 value) internal {
uint256 oldAllowance = token.allowance(address(this), spender);
_callOptionalReturn(token, abi.encodeWithSelector(token.approve.selector, spender, oldAllowance + value));
}
/**
* @dev Decrease the calling contract's allowance toward `spender` by `value`. If `token` returns no value,
* non-reverting calls are assumed to be successful.
*/
function safeDecreaseAllowance(IERC20 token, address spender, uint256 value) internal {
unchecked {
uint256 oldAllowance = token.allowance(address(this), spender);
require(oldAllowance >= value, "SafeERC20: decreased allowance below zero");
_callOptionalReturn(token, abi.encodeWithSelector(token.approve.selector, spender, oldAllowance - value));
}
}
/**
* @dev Set the calling contract's allowance toward `spender` to `value`. If `token` returns no value,
* non-reverting calls are assumed to be successful. Meant to be used with tokens that require the approval
* to be set to zero before setting it to a non-zero value, such as USDT.
*/
function forceApprove(IERC20 token, address spender, uint256 value) internal {
bytes memory approvalCall = abi.encodeWithSelector(token.approve.selector, spender, value);
if (!_callOptionalReturnBool(token, approvalCall)) {
_callOptionalReturn(token, abi.encodeWithSelector(token.approve.selector, spender, 0));
_callOptionalReturn(token, approvalCall);
}
}
/**
* @dev Use a ERC-2612 signature to set the `owner` approval toward `spender` on `token`.
* Revert on invalid signature.
*/
function safePermit(
IERC20Permit token,
address owner,
address spender,
uint256 value,
uint256 deadline,
uint8 v,
bytes32 r,
bytes32 s
) internal {
uint256 nonceBefore = token.nonces(owner);
token.permit(owner, spender, value, deadline, v, r, s);
uint256 nonceAfter = token.nonces(owner);
require(nonceAfter == nonceBefore + 1, "SafeERC20: permit did not succeed");
}
/**
* @dev Imitates a Solidity high-level call (i.e. a regular function call to a contract), relaxing the requirement
* on the return value: the return value is optional (but if data is returned, it must not be false).
* @param token The token targeted by the call.
* @param data The call data (encoded using abi.encode or one of its variants).
*/
function _callOptionalReturn(IERC20 token, bytes memory data) private {
// We need to perform a low level call here, to bypass Solidity's return data size checking mechanism, since
// we're implementing it ourselves. We use {Address-functionCall} to perform this call, which verifies that
// the target address contains contract code and also asserts for success in the low-level call.
bytes memory returndata = address(token).functionCall(data, "SafeERC20: low-level call failed");
require(returndata.length == 0 || abi.decode(returndata, (bool)), "SafeERC20: ERC20 operation did not succeed");
}
/**
* @dev Imitates a Solidity high-level call (i.e. a regular function call to a contract), relaxing the requirement
* on the return value: the return value is optional (but if data is returned, it must not be false).
* @param token The token targeted by the call.
* @param data The call data (encoded using abi.encode or one of its variants).
*
* This is a variant of {_callOptionalReturn} that silents catches all reverts and returns a bool instead.
*/
function _callOptionalReturnBool(IERC20 token, bytes memory data) private returns (bool) {
// We need to perform a low level call here, to bypass Solidity's return data size checking mechanism, since
// we're implementing it ourselves. We cannot use {Address-functionCall} here since this should return false
// and not revert is the subcall reverts.
(bool success, bytes memory returndata) = address(token).call(data);
return
success && (returndata.length == 0 || abi.decode(returndata, (bool))) && Address.isContract(address(token));
}
}
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.24;
import { IERC20 } from "openzeppelin/token/ERC20/IERC20.sol";
import { ILiquidationSource } from "pt-v5-liquidator-interfaces/ILiquidationSource.sol";
import { ILiquidationPair } from "pt-v5-liquidator-interfaces/ILiquidationPair.sol";
import { IFlashSwapCallback } from "pt-v5-liquidator-interfaces/IFlashSwapCallback.sol";
/// @notice Thrown when the actual swap amount in exceeds the user defined maximum amount in
/// @param amountInMax The user-defined max amount in
/// @param amountIn The actual amount in
error SwapExceedsMax(uint256 amountInMax, uint256 amountIn);
/// @notice Thrown when the amount out requested is greater than the available balance
/// @param requested The amount requested to swap
/// @param available The amount available to swap
error InsufficientBalance(uint256 requested, uint256 available);
/// @notice Thrown when the receiver of the swap is the zero address
error ReceiverIsZero();
/// @notice Thrown when the smoothing parameter is 1 or greater
error SmoothingGteOne();
// The minimum auction price. This ensures the auction cannot get bricked to zero.
uint192 constant MIN_PRICE = 100;
/// @title Target Period Dutch Auction Liquidation Pair
/// @author G9 Software Inc.
/// @notice This contract sells one token for another at a target time interval. The pricing algorithm is designed
/// such that the price of the auction is inversely proportional to the time since the last auction.
/// auctionPrice = (targetAuctionPeriod / elapsedTimeSinceLastAuction) * lastAuctionPrice
contract TpdaLiquidationPair is ILiquidationPair {
/// @notice Emitted when a swap is made
/// @param sender The sender of the swap
/// @param receiver The receiver of the swap
/// @param amountOut The amount of tokens out
/// @param amountInMax The maximum amount of tokens in
/// @param amountIn The actual amount of tokens in
/// @param flashSwapData The data used for the flash swap
event SwappedExactAmountOut(
address indexed sender,
address indexed receiver,
uint256 amountOut,
uint256 amountInMax,
uint256 amountIn,
bytes flashSwapData
);
/// @notice The liquidation source
ILiquidationSource public immutable source;
/// @notice The target time interval between auctions
uint256 public immutable targetAuctionPeriod;
/// @notice The token that is being purchased
IERC20 internal immutable _tokenIn;
/// @notice The token that is being sold
IERC20 internal immutable _tokenOut;
/// @notice The degree of smoothing to apply to the available token balance
uint256 public immutable smoothingFactor;
/// @notice The time at which the last auction occurred
uint64 public lastAuctionAt;
/// @notice The price of the last auction
uint192 public lastAuctionPrice;
/// @notice Constructors a new TpdaLiquidationPair
/// @param _source The liquidation source
/// @param __tokenIn The token that is being purchased by the source
/// @param __tokenOut The token that is being sold by the source
/// @param _targetAuctionPeriod The target time interval between auctions
/// @param _targetAuctionPrice The first target price of the auction
/// @param _smoothingFactor The degree of smoothing to apply to the available token balance
constructor (
ILiquidationSource _source,
address __tokenIn,
address __tokenOut,
uint64 _targetAuctionPeriod,
uint192 _targetAuctionPrice,
uint256 _smoothingFactor
) {
if (_smoothingFactor >= 1e18) {
revert SmoothingGteOne();
}
source = _source;
_tokenIn = IERC20(__tokenIn);
_tokenOut = IERC20(__tokenOut);
targetAuctionPeriod = _targetAuctionPeriod;
smoothingFactor = _smoothingFactor;
lastAuctionAt = uint64(block.timestamp);
lastAuctionPrice = _targetAuctionPrice;
}
/// @inheritdoc ILiquidationPair
function tokenIn() external view returns (address) {
return address(_tokenIn);
}
/// @inheritdoc ILiquidationPair
function tokenOut() external view returns (address) {
return address(_tokenOut);
}
/// @inheritdoc ILiquidationPair
function target() external returns (address) {
return source.targetOf(address(_tokenIn));
}
/// @inheritdoc ILiquidationPair
function maxAmountOut() external returns (uint256) {
return _availableBalance();
}
/// @inheritdoc ILiquidationPair
function swapExactAmountOut(
address _receiver,
uint256 _amountOut,
uint256 _amountInMax,
bytes calldata _flashSwapData
) external returns (uint256) {
if (_receiver == address(0)) {
revert ReceiverIsZero();
}
uint192 swapAmountIn = _computePrice();
if (swapAmountIn > _amountInMax) {
revert SwapExceedsMax(_amountInMax, swapAmountIn);
}
lastAuctionAt = uint64(block.timestamp);
lastAuctionPrice = swapAmountIn;
uint256 availableOut = _availableBalance();
if (_amountOut > availableOut) {
revert InsufficientBalance(_amountOut, availableOut);
}
bytes memory transferTokensOutData = source.transferTokensOut(
msg.sender,
_receiver,
address(_tokenOut),
_amountOut
);
if (_flashSwapData.length > 0) {
IFlashSwapCallback(_receiver).flashSwapCallback(
msg.sender,
swapAmountIn,
_amountOut,
_flashSwapData
);
}
source.verifyTokensIn(address(_tokenIn), swapAmountIn, transferTokensOutData);
emit SwappedExactAmountOut(msg.sender, _receiver, _amountOut, _amountInMax, swapAmountIn, _flashSwapData);
return swapAmountIn;
}
/// @inheritdoc ILiquidationPair
function computeExactAmountIn(uint256) external view returns (uint256) {
return _computePrice();
}
/// @notice Computes the time at which the given auction price will occur
/// @param price The price of the auction
/// @return The timestamp at which the given price will occur
function computeTimeForPrice(uint256 price) external view returns (uint256) {
// p2/p1 = t/e => e = (t*p1)/p2
return lastAuctionAt + (targetAuctionPeriod * lastAuctionPrice) / price;
}
/// @notice Computes the available balance of the tokens to be sold
/// @return The available balance of the tokens
function _availableBalance() internal returns (uint256) {
return ((1e18 - smoothingFactor) * source.liquidatableBalanceOf(address(_tokenOut))) / 1e18;
}
/// @notice Computes the current auction price
/// @return The current auction price
function _computePrice() internal view returns (uint192) {
uint256 elapsedTime = block.timestamp - lastAuctionAt;
if (elapsedTime == 0) {
return type(uint192).max;
}
uint192 price = uint192((targetAuctionPeriod * lastAuctionPrice) / elapsedTime);
if (price < MIN_PRICE) {
price = MIN_PRICE;
}
return price;
}
}
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.24;
import { ILiquidationSource, TpdaLiquidationPair } from "./TpdaLiquidationPair.sol";
/// @title TpdaLiquidationPairFactory
/// @author G9 Software Inc.
/// @notice Factory contract for deploying TpdaLiquidationPair contracts.
contract TpdaLiquidationPairFactory {
/* ============ Events ============ */
/// @notice Emitted when a new TpdaLiquidationPair is created
/// @param pair The address of the new pair
/// @param source The liquidation source that the pair is using
/// @param tokenIn The input token for the pair
/// @param tokenOut The output token for the pair
/// @param targetAuctionPeriod The duration of auctions
/// @param targetAuctionPrice The minimum auction size in output tokens
/// @param smoothingFactor The 18 decimal smoothing fraction for the liquid balance
event PairCreated(
TpdaLiquidationPair indexed pair,
ILiquidationSource source,
address indexed tokenIn,
address indexed tokenOut,
uint64 targetAuctionPeriod,
uint192 targetAuctionPrice,
uint256 smoothingFactor
);
/* ============ Variables ============ */
/// @notice Tracks an array of all pairs created by this factory
TpdaLiquidationPair[] public allPairs;
/* ============ Mappings ============ */
/// @notice Mapping to verify if a TpdaLiquidationPair has been deployed via this factory.
mapping(address pair => bool wasDeployed) public deployedPairs;
/// @notice Creates a new TpdaLiquidationPair and registers it within the factory
/// @param _source The liquidation source that the pair will use
/// @param _tokenIn The input token for the pair
/// @param _tokenOut The output token for the pair
/// @param _targetAuctionPeriod The duration of auctions
/// @param _targetAuctionPrice The initial auction price
/// @param _smoothingFactor The degree of smoothing to apply to the available token balance
/// @return The new liquidation pair
function createPair(
ILiquidationSource _source,
address _tokenIn,
address _tokenOut,
uint64 _targetAuctionPeriod,
uint192 _targetAuctionPrice,
uint256 _smoothingFactor
) external returns (TpdaLiquidationPair) {
TpdaLiquidationPair _liquidationPair = new TpdaLiquidationPair(
_source,
_tokenIn,
_tokenOut,
_targetAuctionPeriod,
_targetAuctionPrice,
_smoothingFactor
);
allPairs.push(_liquidationPair);
deployedPairs[address(_liquidationPair)] = true;
emit PairCreated(
_liquidationPair,
_source,
_tokenIn,
_tokenOut,
_targetAuctionPeriod,
_targetAuctionPrice,
_smoothingFactor
);
return _liquidationPair;
}
/// @notice Total number of TpdaLiquidationPair deployed by this factory.
/// @return Number of TpdaLiquidationPair deployed by this factory.
function totalPairs() external view returns (uint256) {
return allPairs.length;
}
}
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.24;
import { IERC20 } from "openzeppelin/token/ERC20/IERC20.sol";
import { SafeERC20 } from "openzeppelin/token/ERC20/utils/SafeERC20.sol";
import { IFlashSwapCallback } from "pt-v5-liquidator-interfaces/IFlashSwapCallback.sol";
import { TpdaLiquidationPair } from "./TpdaLiquidationPair.sol";
import { TpdaLiquidationPairFactory } from "./TpdaLiquidationPairFactory.sol";
/// @notice Thrown when the liquidation pair factory is the zero address
error UndefinedTpdaLiquidationPairFactory();
/// @notice Throw when the liquidation pair was not created by the liquidation pair factory
error UnknownTpdaLiquidationPair(address liquidationPair);
/// @notice Thrown when a swap deadline has passed
error SwapExpired(uint256 deadline);
/// @notice Thrown when the router is used as a receiver in a swap by another EOA or contract
error InvalidSender(address sender);
/// @title TpdaLiquidationRouter
/// @author G9 Software Inc.
/// @notice Serves as the user-facing swapping interface for Liquidation Pairs.
contract TpdaLiquidationRouter is IFlashSwapCallback {
using SafeERC20 for IERC20;
/* ============ Events ============ */
/// @notice Emitted when the router is created
event LiquidationRouterCreated(TpdaLiquidationPairFactory indexed liquidationPairFactory);
/// @notice Emitted after a swap occurs
/// @param liquidationPair The pair that was swapped against
/// @param sender The address that initiated the swap
/// @param receiver The address that received the output tokens
/// @param amountOut The amount of output tokens received
/// @param amountInMax The maximum amount of input tokens that could have been used
/// @param amountIn The amount of input tokens that were actually used
/// @param deadline The deadline for the swap
event SwappedExactAmountOut(
TpdaLiquidationPair indexed liquidationPair,
address indexed sender,
address indexed receiver,
uint256 amountOut,
uint256 amountInMax,
uint256 amountIn,
uint256 deadline
);
/* ============ Variables ============ */
/// @notice The TpdaLiquidationPairFactory that this router uses.
/// @dev TpdaLiquidationPairs will be checked to ensure they were created by the factory
TpdaLiquidationPairFactory internal immutable _liquidationPairFactory;
/// @notice Constructs a new LiquidationRouter
/// @param liquidationPairFactory_ The factory that pairs will be verified to have been created by
constructor(TpdaLiquidationPairFactory liquidationPairFactory_) {
if (address(liquidationPairFactory_) == address(0)) {
revert UndefinedTpdaLiquidationPairFactory();
}
_liquidationPairFactory = liquidationPairFactory_;
emit LiquidationRouterCreated(liquidationPairFactory_);
}
/* ============ External Methods ============ */
/// @notice Swaps the given amount of output tokens for at most input tokens
/// @param _liquidationPair The pair to swap against
/// @param _receiver The account to receive the output tokens
/// @param _amountOut The exact amount of output tokens expected
/// @param _amountInMax The maximum of input tokens to spend
/// @param _deadline The timestamp that the swap must be completed by
/// @return The actual number of input tokens used
function swapExactAmountOut(
TpdaLiquidationPair _liquidationPair,
address _receiver,
uint256 _amountOut,
uint256 _amountInMax,
uint256 _deadline
) external onlyTrustedTpdaLiquidationPair(address(_liquidationPair)) returns (uint256) {
if (block.timestamp > _deadline) {
revert SwapExpired(_deadline);
}
uint256 amountIn = _liquidationPair.swapExactAmountOut(
address(this),
_amountOut,
_amountInMax,
abi.encode(msg.sender)
);
IERC20(_liquidationPair.tokenOut()).safeTransfer(_receiver, _amountOut);
emit SwappedExactAmountOut(
_liquidationPair,
msg.sender,
_receiver,
_amountOut,
_amountInMax,
amountIn,
_deadline
);
return amountIn;
}
/// @inheritdoc IFlashSwapCallback
function flashSwapCallback(
address _sender,
uint256 _amountIn,
uint256,
bytes calldata _flashSwapData
) external override onlyTrustedTpdaLiquidationPair(msg.sender) onlySelf(_sender) {
address _originalSender = abi.decode(_flashSwapData, (address));
IERC20(TpdaLiquidationPair(msg.sender).tokenIn()).safeTransferFrom(
_originalSender,
TpdaLiquidationPair(msg.sender).target(),
_amountIn
);
}
/// @notice Checks that the given pair was created by the factory
/// @param _liquidationPair The pair address to check
modifier onlyTrustedTpdaLiquidationPair(address _liquidationPair) {
if (!_liquidationPairFactory.deployedPairs(_liquidationPair)) {
revert UnknownTpdaLiquidationPair(_liquidationPair);
}
_;
}
/// @notice Checks that the given address matches this contract
/// @param _sender The address that called the liquidation pair
modifier onlySelf(address _sender) {
if (_sender != address(this)) {
revert InvalidSender(_sender);
}
_;
}
}
{
"compilationTarget": {
"lib/pt-v5-tpda-liquidator/src/TpdaLiquidationRouter.sol": "TpdaLiquidationRouter"
},
"evmVersion": "paris",
"libraries": {},
"metadata": {
"bytecodeHash": "ipfs"
},
"optimizer": {
"enabled": true,
"runs": 200
},
"remappings": [
":@openzeppelin/contracts/=lib/pt-v5-draw-manager/lib/openzeppelin-contracts/contracts/",
":@prb/test/=lib/pt-v5-vault-boost/lib/prb-math/lib/prb-test/src/",
":brokentoken/=lib/pt-v5-vault/lib/brokentoken/src/",
":create3-factory/=lib/yield-daddy/lib/create3-factory/",
":ds-test/=lib/forge-std/lib/ds-test/src/",
":erc4626-tests/=lib/pt-v5-vault/lib/erc4626-tests/",
":forge-std/=lib/forge-std/src/",
":openzeppelin-contracts/=lib/openzeppelin-contracts/contracts/",
":openzeppelin/=lib/openzeppelin-contracts/contracts/",
":owner-manager-contracts/=lib/pt-v5-vault/lib/owner-manager-contracts/contracts/",
":prb-math/=lib/pt-v5-prize-pool/lib/prb-math/src/",
":prb-test/=lib/pt-v5-vault-boost/lib/prb-math/lib/prb-test/src/",
":pt-v5-claimable-interface/=lib/pt-v5-vault/lib/pt-v5-claimable-interface/src/",
":pt-v5-claimer/=lib/pt-v5-claimer/src/",
":pt-v5-draw-manager/=lib/pt-v5-draw-manager/src/",
":pt-v5-liquidator-interfaces/=lib/pt-v5-tpda-liquidator/lib/pt-v5-liquidator-interfaces/src/interfaces/",
":pt-v5-prize-pool/=lib/pt-v5-prize-pool/src/",
":pt-v5-rng-witnet/=lib/pt-v5-rng-witnet/src/",
":pt-v5-staking-vault/=lib/pt-v5-staking-vault/src/",
":pt-v5-tpda-liquidator/=lib/pt-v5-tpda-liquidator/src/",
":pt-v5-twab-controller/=lib/pt-v5-twab-controller/src/",
":pt-v5-twab-rewards/=lib/pt-v5-twab-rewards/src/",
":pt-v5-vault-boost/=lib/pt-v5-vault-boost/src/",
":pt-v5-vault/=lib/pt-v5-vault/src/",
":ring-buffer-lib/=lib/pt-v5-twab-controller/lib/ring-buffer-lib/src/",
":solady/=lib/pt-v5-rng-witnet/lib/solady/src/",
":solmate/=lib/yield-daddy/lib/solmate/src/",
":uniform-random-number/=lib/pt-v5-prize-pool/lib/uniform-random-number/src/",
":weird-erc20/=lib/pt-v5-vault/lib/brokentoken/lib/weird-erc20/src/",
":witnet-solidity-bridge/=lib/pt-v5-rng-witnet/lib/witnet-solidity-bridge/contracts/",
":witnet/=lib/pt-v5-rng-witnet/lib/witnet-solidity-bridge/contracts/",
":yield-daddy/=lib/yield-daddy/src/"
]
}
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