// SPDX-License-Identifier: MIT
pragma solidity >=0.6.2 <0.8.0;
/**
* @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
* ====
*/
function isContract(address account) internal view returns (bool) {
// This method relies on extcodesize, which returns 0 for contracts in
// construction, since the code is only stored at the end of the
// constructor execution.
uint256 size;
// solhint-disable-next-line no-inline-assembly
assembly { size := extcodesize(account) }
return size > 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://diligence.consensys.net/posts/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/v0.5.11/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");
// solhint-disable-next-line avoid-low-level-calls, avoid-call-value
(bool success, ) = recipient.call{ value: amount }("");
require(success, "Address: unable to send value, recipient may have reverted");
}
/**
* @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 functionCall(target, data, "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");
require(isContract(target), "Address: call to non-contract");
// solhint-disable-next-line avoid-low-level-calls
(bool success, bytes memory returndata) = target.call{ value: value }(data);
return _verifyCallResult(success, returndata, errorMessage);
}
/**
* @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) {
require(isContract(target), "Address: static call to non-contract");
// solhint-disable-next-line avoid-low-level-calls
(bool success, bytes memory returndata) = target.staticcall(data);
return _verifyCallResult(success, returndata, errorMessage);
}
/**
* @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) {
require(isContract(target), "Address: delegate call to non-contract");
// solhint-disable-next-line avoid-low-level-calls
(bool success, bytes memory returndata) = target.delegatecall(data);
return _verifyCallResult(success, returndata, errorMessage);
}
function _verifyCallResult(bool success, bytes memory returndata, string memory errorMessage) private pure returns(bytes memory) {
if (success) {
return returndata;
} else {
// Look for revert reason and bubble it up if present
if (returndata.length > 0) {
// The easiest way to bubble the revert reason is using memory via assembly
// solhint-disable-next-line no-inline-assembly
assembly {
let returndata_size := mload(returndata)
revert(add(32, returndata), returndata_size)
}
} else {
revert(errorMessage);
}
}
}
}
// SPDX-License-Identifier: agpl-3.0
pragma solidity 0.6.12;
import "@openzeppelin/contracts/token/ERC20/IERC20.sol";
import "@openzeppelin/contracts/math/SafeMath.sol";
import "../interfaces/IConfigurationManager.sol";
import "../interfaces/ICapProvider.sol";
/**
* @title CappedOption
* @author Pods Finance
*
* @notice Controls a maximum cap for a guarded release
*/
abstract contract CappedOption is IERC20 {
using SafeMath for uint256;
IConfigurationManager private immutable _configurationManager;
constructor(IConfigurationManager configurationManager) public {
_configurationManager = configurationManager;
}
/**
* @dev Modifier to stop transactions that exceed the cap
*/
modifier capped(uint256 amountOfOptions) {
uint256 cap = capSize();
if (cap > 0) {
require(this.totalSupply().add(amountOfOptions) <= cap, "CappedOption: amount exceed cap");
}
_;
}
/**
* @dev Get the cap size
*/
function capSize() public view returns (uint256) {
ICapProvider capProvider = ICapProvider(_configurationManager.getCapProvider());
return capProvider.getCap(address(this));
}
}
// SPDX-License-Identifier: MIT
pragma solidity >=0.6.0 <0.8.0;
/*
* @dev Provides information about the current execution context, including the
* sender of the transaction and its data. While these are generally available
* via msg.sender and msg.data, they should not be accessed in such a direct
* manner, since when dealing with GSN meta-transactions the account sending and
* paying for execution may not be the actual sender (as far as an application
* is concerned).
*
* This contract is only required for intermediate, library-like contracts.
*/
abstract contract Context {
function _msgSender() internal view virtual returns (address payable) {
return msg.sender;
}
function _msgData() internal view virtual returns (bytes memory) {
this; // silence state mutability warning without generating bytecode - see https://github.com/ethereum/solidity/issues/2691
return msg.data;
}
}
// SPDX-License-Identifier: agpl-3.0
pragma solidity 0.6.12;
contract Conversion {
/**
* @notice Parses the address represented by an uint
*/
function _parseAddressFromUint(uint256 x) internal pure returns (address) {
bytes memory data = new bytes(32);
assembly {
mstore(add(data, 32), x)
}
return abi.decode(data, (address));
}
}
// SPDX-License-Identifier: MIT
pragma solidity >=0.6.0 <0.8.0;
import "../../utils/Context.sol";
import "./IERC20.sol";
import "../../math/SafeMath.sol";
/**
* @dev Implementation of the {IERC20} interface.
*
* This implementation is agnostic to the way tokens are created. This means
* that a supply mechanism has to be added in a derived contract using {_mint}.
* For a generic mechanism see {ERC20PresetMinterPauser}.
*
* TIP: For a detailed writeup see our guide
* https://forum.zeppelin.solutions/t/how-to-implement-erc20-supply-mechanisms/226[How
* to implement supply mechanisms].
*
* We have followed general OpenZeppelin guidelines: functions revert instead
* of returning `false` on failure. This behavior is nonetheless conventional
* and does not conflict with the expectations of ERC20 applications.
*
* Additionally, an {Approval} event is emitted on calls to {transferFrom}.
* This allows applications to reconstruct the allowance for all accounts just
* by listening to said events. Other implementations of the EIP may not emit
* these events, as it isn't required by the specification.
*
* Finally, the non-standard {decreaseAllowance} and {increaseAllowance}
* functions have been added to mitigate the well-known issues around setting
* allowances. See {IERC20-approve}.
*/
contract ERC20 is Context, IERC20 {
using SafeMath for uint256;
mapping (address => uint256) private _balances;
mapping (address => mapping (address => uint256)) private _allowances;
uint256 private _totalSupply;
string private _name;
string private _symbol;
uint8 private _decimals;
/**
* @dev Sets the values for {name} and {symbol}, initializes {decimals} with
* a default value of 18.
*
* To select a different value for {decimals}, use {_setupDecimals}.
*
* All three of these values are immutable: they can only be set once during
* construction.
*/
constructor (string memory name_, string memory symbol_) public {
_name = name_;
_symbol = symbol_;
_decimals = 18;
}
/**
* @dev Returns the name of the token.
*/
function name() public view virtual returns (string memory) {
return _name;
}
/**
* @dev Returns the symbol of the token, usually a shorter version of the
* name.
*/
function symbol() public view virtual returns (string memory) {
return _symbol;
}
/**
* @dev Returns the number of decimals used to get its user representation.
* For example, if `decimals` equals `2`, a balance of `505` tokens should
* be displayed to a user as `5,05` (`505 / 10 ** 2`).
*
* Tokens usually opt for a value of 18, imitating the relationship between
* Ether and Wei. This is the value {ERC20} uses, unless {_setupDecimals} is
* called.
*
* NOTE: This information is only used for _display_ purposes: it in
* no way affects any of the arithmetic of the contract, including
* {IERC20-balanceOf} and {IERC20-transfer}.
*/
function decimals() public view virtual returns (uint8) {
return _decimals;
}
/**
* @dev See {IERC20-totalSupply}.
*/
function totalSupply() public view virtual override returns (uint256) {
return _totalSupply;
}
/**
* @dev See {IERC20-balanceOf}.
*/
function balanceOf(address account) public view virtual override returns (uint256) {
return _balances[account];
}
/**
* @dev See {IERC20-transfer}.
*
* Requirements:
*
* - `recipient` cannot be the zero address.
* - the caller must have a balance of at least `amount`.
*/
function transfer(address recipient, uint256 amount) public virtual override returns (bool) {
_transfer(_msgSender(), recipient, amount);
return true;
}
/**
* @dev See {IERC20-allowance}.
*/
function allowance(address owner, address spender) public view virtual override returns (uint256) {
return _allowances[owner][spender];
}
/**
* @dev See {IERC20-approve}.
*
* Requirements:
*
* - `spender` cannot be the zero address.
*/
function approve(address spender, uint256 amount) public virtual override returns (bool) {
_approve(_msgSender(), spender, amount);
return true;
}
/**
* @dev See {IERC20-transferFrom}.
*
* Emits an {Approval} event indicating the updated allowance. This is not
* required by the EIP. See the note at the beginning of {ERC20}.
*
* Requirements:
*
* - `sender` and `recipient` cannot be the zero address.
* - `sender` must have a balance of at least `amount`.
* - the caller must have allowance for ``sender``'s tokens of at least
* `amount`.
*/
function transferFrom(address sender, address recipient, uint256 amount) public virtual override returns (bool) {
_transfer(sender, recipient, amount);
_approve(sender, _msgSender(), _allowances[sender][_msgSender()].sub(amount, "ERC20: transfer amount exceeds allowance"));
return true;
}
/**
* @dev Atomically increases the allowance granted to `spender` by the caller.
*
* This is an alternative to {approve} that can be used as a mitigation for
* problems described in {IERC20-approve}.
*
* Emits an {Approval} event indicating the updated allowance.
*
* Requirements:
*
* - `spender` cannot be the zero address.
*/
function increaseAllowance(address spender, uint256 addedValue) public virtual returns (bool) {
_approve(_msgSender(), spender, _allowances[_msgSender()][spender].add(addedValue));
return true;
}
/**
* @dev Atomically decreases the allowance granted to `spender` by the caller.
*
* This is an alternative to {approve} that can be used as a mitigation for
* problems described in {IERC20-approve}.
*
* Emits an {Approval} event indicating the updated allowance.
*
* Requirements:
*
* - `spender` cannot be the zero address.
* - `spender` must have allowance for the caller of at least
* `subtractedValue`.
*/
function decreaseAllowance(address spender, uint256 subtractedValue) public virtual returns (bool) {
_approve(_msgSender(), spender, _allowances[_msgSender()][spender].sub(subtractedValue, "ERC20: decreased allowance below zero"));
return true;
}
/**
* @dev Moves tokens `amount` from `sender` to `recipient`.
*
* This is internal function is equivalent to {transfer}, and can be used to
* e.g. implement automatic token fees, slashing mechanisms, etc.
*
* Emits a {Transfer} event.
*
* Requirements:
*
* - `sender` cannot be the zero address.
* - `recipient` cannot be the zero address.
* - `sender` must have a balance of at least `amount`.
*/
function _transfer(address sender, address recipient, uint256 amount) internal virtual {
require(sender != address(0), "ERC20: transfer from the zero address");
require(recipient != address(0), "ERC20: transfer to the zero address");
_beforeTokenTransfer(sender, recipient, amount);
_balances[sender] = _balances[sender].sub(amount, "ERC20: transfer amount exceeds balance");
_balances[recipient] = _balances[recipient].add(amount);
emit Transfer(sender, recipient, amount);
}
/** @dev Creates `amount` tokens and assigns them to `account`, increasing
* the total supply.
*
* Emits a {Transfer} event with `from` set to the zero address.
*
* Requirements:
*
* - `to` cannot be the zero address.
*/
function _mint(address account, uint256 amount) internal virtual {
require(account != address(0), "ERC20: mint to the zero address");
_beforeTokenTransfer(address(0), account, amount);
_totalSupply = _totalSupply.add(amount);
_balances[account] = _balances[account].add(amount);
emit Transfer(address(0), account, amount);
}
/**
* @dev Destroys `amount` tokens from `account`, reducing the
* total supply.
*
* Emits a {Transfer} event with `to` set to the zero address.
*
* Requirements:
*
* - `account` cannot be the zero address.
* - `account` must have at least `amount` tokens.
*/
function _burn(address account, uint256 amount) internal virtual {
require(account != address(0), "ERC20: burn from the zero address");
_beforeTokenTransfer(account, address(0), amount);
_balances[account] = _balances[account].sub(amount, "ERC20: burn amount exceeds balance");
_totalSupply = _totalSupply.sub(amount);
emit Transfer(account, address(0), amount);
}
/**
* @dev Sets `amount` as the allowance of `spender` over the `owner` s tokens.
*
* This internal function is equivalent to `approve`, and can be used to
* e.g. set automatic allowances for certain subsystems, etc.
*
* Emits an {Approval} event.
*
* Requirements:
*
* - `owner` cannot be the zero address.
* - `spender` cannot be the zero address.
*/
function _approve(address owner, address spender, uint256 amount) internal virtual {
require(owner != address(0), "ERC20: approve from the zero address");
require(spender != address(0), "ERC20: approve to the zero address");
_allowances[owner][spender] = amount;
emit Approval(owner, spender, amount);
}
/**
* @dev Sets {decimals} to a value other than the default one of 18.
*
* WARNING: This function should only be called from the constructor. Most
* applications that interact with token contracts will not expect
* {decimals} to ever change, and may work incorrectly if it does.
*/
function _setupDecimals(uint8 decimals_) internal virtual {
_decimals = decimals_;
}
/**
* @dev Hook that is called before any transfer of tokens. This includes
* minting and burning.
*
* Calling conditions:
*
* - when `from` and `to` are both non-zero, `amount` of ``from``'s tokens
* will be to transferred to `to`.
* - when `from` is zero, `amount` tokens will be minted for `to`.
* - when `to` is zero, `amount` of ``from``'s tokens will be burned.
* - `from` and `to` are never both zero.
*
* To learn more about hooks, head to xref:ROOT:extending-contracts.adoc#using-hooks[Using Hooks].
*/
function _beforeTokenTransfer(address from, address to, uint256 amount) internal virtual { }
}
// SPDX-License-Identifier: agpl-3.0
pragma solidity 0.6.12;
interface ICapProvider {
function setCap(address target, uint256 value) external;
function getCap(address target) external view returns (uint256);
}
// SPDX-License-Identifier: agpl-3.0
pragma solidity >=0.6.12;
interface IConfigurationManager {
function setParameter(bytes32 name, uint256 value) external;
function setEmergencyStop(address emergencyStop) external;
function setPricingMethod(address pricingMethod) external;
function setIVGuesser(address ivGuesser) external;
function setIVProvider(address ivProvider) external;
function setPriceProvider(address priceProvider) external;
function setCapProvider(address capProvider) external;
function setAMMFactory(address ammFactory) external;
function setOptionFactory(address optionFactory) external;
function setOptionHelper(address optionHelper) external;
function setOptionPoolRegistry(address optionPoolRegistry) external;
function getParameter(bytes32 name) external view returns (uint256);
function owner() external view returns (address);
function getEmergencyStop() external view returns (address);
function getPricingMethod() external view returns (address);
function getIVGuesser() external view returns (address);
function getIVProvider() external view returns (address);
function getPriceProvider() external view returns (address);
function getCapProvider() external view returns (address);
function getAMMFactory() external view returns (address);
function getOptionFactory() external view returns (address);
function getOptionHelper() external view returns (address);
function getOptionPoolRegistry() external view returns (address);
}
// SPDX-License-Identifier: MIT
pragma solidity >=0.6.0 <0.8.0;
/**
* @dev Interface of the ERC20 standard as defined in the EIP.
*/
interface IERC20 {
/**
* @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 `recipient`.
*
* Returns a boolean value indicating whether the operation succeeded.
*
* Emits a {Transfer} event.
*/
function transfer(address recipient, 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 `sender` to `recipient` 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 sender, address recipient, uint256 amount) external returns (bool);
/**
* @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);
}
// SPDX-License-Identifier: agpl-3.0
pragma solidity 0.6.12;
import "@openzeppelin/contracts/token/ERC20/IERC20.sol";
interface IPodOption is IERC20 {
/** Enums */
// @dev 0 for Put, 1 for Call
enum OptionType { PUT, CALL }
// @dev 0 for European, 1 for American
enum ExerciseType { EUROPEAN, AMERICAN }
/** Events */
event Mint(address indexed minter, uint256 amount);
event Unmint(address indexed minter, uint256 optionAmount, uint256 strikeAmount, uint256 underlyingAmount);
event Exercise(address indexed exerciser, uint256 amount);
event Withdraw(address indexed minter, uint256 strikeAmount, uint256 underlyingAmount);
/** Functions */
/**
* @notice Locks collateral and write option tokens.
*
* @dev The issued amount ratio is 1:1, i.e., 1 option token for 1 underlying token.
*
* The collateral could be the strike or the underlying asset depending on the option type: Put or Call,
* respectively
*
* It presumes the caller has already called IERC20.approve() on the
* strike/underlying token contract to move caller funds.
*
* Options can only be minted while the series is NOT expired.
*
* It is also important to notice that options will be sent back
* to `msg.sender` and not the `owner`. This behavior is designed to allow
* proxy contracts to mint on others behalf. The `owner` will be able to remove
* the deposited collateral after series expiration or by calling unmint(), even
* if a third-party minted options on its behalf.
*
* @param amountOfOptions The amount option tokens to be issued
* @param owner Which address will be the owner of the options
*/
function mint(uint256 amountOfOptions, address owner) external;
/**
* @notice Allow option token holders to use them to exercise the amount of units
* of the locked tokens for the equivalent amount of the exercisable assets.
*
* @dev It presumes the caller has already called IERC20.approve() exercisable asset
* to move caller funds.
*
* On American options, this function can only called anytime before expiration.
* For European options, this function can only be called during the exerciseWindow.
* Meaning, after expiration and before the end of exercise window.
*
* @param amountOfOptions The amount option tokens to be exercised
*/
function exercise(uint256 amountOfOptions) external;
/**
* @notice After series expiration in case of American or after exercise window for European,
* allow minters who have locked their collateral to withdraw them proportionally
* to their minted options.
*
* @dev If assets had been exercised during the option series the minter may withdraw
* the exercised assets or a combination of exercised and collateral.
*/
function withdraw() external;
/**
* @notice Unlocks collateral by burning option tokens.
*
* Options can only be burned while the series is NOT expired.
*
* @param amountOfOptions The amount option tokens to be burned
*/
function unmint(uint256 amountOfOptions) external;
function optionType() external view returns (OptionType);
function exerciseType() external view returns (ExerciseType);
function underlyingAsset() external view returns (address);
function underlyingAssetDecimals() external view returns (uint8);
function strikeAsset() external view returns (address);
function strikeAssetDecimals() external view returns (uint8);
function strikePrice() external view returns (uint256);
function strikePriceDecimals() external view returns (uint8);
function expiration() external view returns (uint256);
function startOfExerciseWindow() external view returns (uint256);
function hasExpired() external view returns (bool);
function isTradeWindow() external view returns (bool);
function isExerciseWindow() external view returns (bool);
function isWithdrawWindow() external view returns (bool);
function strikeToTransfer(uint256 amountOfOptions) external view returns (uint256);
function getSellerWithdrawAmounts(address owner)
external
view
returns (uint256 strikeAmount, uint256 underlyingAmount);
function underlyingReserves() external view returns (uint256);
function strikeReserves() external view returns (uint256);
}
// SPDX-License-Identifier: agpl-3.0
pragma solidity 0.6.12;
import "@openzeppelin/contracts/token/ERC20/IERC20.sol";
interface IWETH is IERC20 {
function deposit() external payable;
function withdraw(uint256 wad) external;
event Deposit(address indexed depositor, uint256 amount);
event Withdrawal(address indexed recipient, uint256 amount);
}
// SPDX-License-Identifier: agpl-3.0
pragma solidity 0.6.12;
import "@openzeppelin/contracts/token/ERC20/ERC20.sol";
import "@openzeppelin/contracts/token/ERC20/IERC20.sol";
import "@openzeppelin/contracts/token/ERC20/SafeERC20.sol";
import "@openzeppelin/contracts/utils/Address.sol";
import "../interfaces/IPodOption.sol";
import "../lib/CappedOption.sol";
import "../lib/RequiredDecimals.sol";
import "../interfaces/IConfigurationManager.sol";
/**
* @title PodOption
* @author Pods Finance
*
* @notice This contract represents the basic structure of the financial instrument
* known as Option, sharing logic between both a PUT or a CALL types.
*
* @dev There are four main actions that can be called in an Option:
*
* A) mint => A minter can lock collateral and create new options before expiration.
* B) unmint => The minter who previously minted can choose for leaving its position any given time
* until expiration.
* C) exercise => The option bearer the can exchange its option for the collateral at the strike price.
* D) withdraw => The minter can retrieve collateral at the end of the series.
*
* Depending on the type (PUT / CALL) or the exercise (AMERICAN / EUROPEAN), those functions have
* different behave and should be override accordingly.
*/
abstract contract PodOption is IPodOption, ERC20, RequiredDecimals, CappedOption {
using SafeERC20 for IERC20;
/**
* @dev Minimum allowed exercise window: 24 hours
*/
uint256 public constant MIN_EXERCISE_WINDOW_SIZE = 86400;
OptionType private immutable _optionType;
ExerciseType private immutable _exerciseType;
IConfigurationManager public immutable configurationManager;
address private immutable _underlyingAsset;
uint8 private immutable _underlyingAssetDecimals;
address private immutable _strikeAsset;
uint8 private immutable _strikeAssetDecimals;
uint256 private immutable _strikePrice;
uint256 private immutable _expiration;
uint256 private _startOfExerciseWindow;
/**
* @notice Reserve share balance
* @dev Tracks the shares of the total asset reserve by address
*/
mapping(address => uint256) public shares;
/**
* @notice Minted option balance
* @dev Tracks amount of minted options by address
*/
mapping(address => uint256) public mintedOptions;
/**
* @notice Total reserve shares
*/
uint256 public totalShares = 0;
constructor(
string memory name,
string memory symbol,
OptionType optionType,
ExerciseType exerciseType,
address underlyingAsset,
address strikeAsset,
uint256 strikePrice,
uint256 expiration,
uint256 exerciseWindowSize,
IConfigurationManager _configurationManager
) public ERC20(name, symbol) CappedOption(_configurationManager) {
require(Address.isContract(underlyingAsset), "PodOption: underlying asset is not a contract");
require(Address.isContract(strikeAsset), "PodOption: strike asset is not a contract");
require(underlyingAsset != strikeAsset, "PodOption: underlying asset and strike asset must differ");
require(expiration > block.timestamp, "PodOption: expiration should be in the future");
require(strikePrice > 0, "PodOption: strike price must be greater than zero");
if (exerciseType == ExerciseType.EUROPEAN) {
require(
exerciseWindowSize >= MIN_EXERCISE_WINDOW_SIZE,
"PodOption: exercise window must be greater than or equal 86400"
);
_startOfExerciseWindow = expiration.sub(exerciseWindowSize);
} else {
require(exerciseWindowSize == 0, "PodOption: exercise window size must be equal to zero");
_startOfExerciseWindow = block.timestamp;
}
configurationManager = _configurationManager;
_optionType = optionType;
_exerciseType = exerciseType;
_expiration = expiration;
_underlyingAsset = underlyingAsset;
_strikeAsset = strikeAsset;
uint8 underlyingDecimals = tryDecimals(IERC20(underlyingAsset));
_underlyingAssetDecimals = underlyingDecimals;
_strikeAssetDecimals = tryDecimals(IERC20(strikeAsset));
_strikePrice = strikePrice;
_setupDecimals(underlyingDecimals);
}
/**
* @notice Checks if the options series has already expired.
*/
function hasExpired() external override view returns (bool) {
return _hasExpired();
}
/**
* @notice External function to calculate the amount of strike asset
* needed given the option amount
*/
function strikeToTransfer(uint256 amountOfOptions) external override view returns (uint256) {
return _strikeToTransfer(amountOfOptions);
}
/**
* @notice Checks if the options trade window has opened.
*/
function isTradeWindow() external override view returns (bool) {
return _isTradeWindow();
}
/**
* @notice Checks if the options exercise window has opened.
*/
function isExerciseWindow() external override view returns (bool) {
return _isExerciseWindow();
}
/**
* @notice Checks if the options withdraw window has opened.
*/
function isWithdrawWindow() external override view returns (bool) {
return _isWithdrawWindow();
}
/**
* @notice The option type. eg: CALL, PUT
*/
function optionType() external override view returns (OptionType) {
return _optionType;
}
/**
* @notice Exercise type. eg: AMERICAN, EUROPEAN
*/
function exerciseType() external override view returns (ExerciseType) {
return _exerciseType;
}
/**
* @notice The sell price of each unit of underlyingAsset; given in units
* of strikeAsset, e.g. 0.99 USDC
*/
function strikePrice() external override view returns (uint256) {
return _strikePrice;
}
/**
* @notice The number of decimals of strikePrice
*/
function strikePriceDecimals() external override view returns (uint8) {
return _strikeAssetDecimals;
}
/**
* @notice The timestamp in seconds that represents the series expiration
*/
function expiration() external override view returns (uint256) {
return _expiration;
}
/**
* @notice How many decimals does the strike token have? E.g.: 18
*/
function strikeAssetDecimals() public override view returns (uint8) {
return _strikeAssetDecimals;
}
/**
* @notice The asset used as the strike asset, e.g. USDC, DAI
*/
function strikeAsset() public override view returns (address) {
return _strikeAsset;
}
/**
* @notice How many decimals does the underlying token have? E.g.: 18
*/
function underlyingAssetDecimals() public override view returns (uint8) {
return _underlyingAssetDecimals;
}
/**
* @notice The asset used as the underlying token, e.g. WETH, WBTC, UNI
*/
function underlyingAsset() public override view returns (address) {
return _underlyingAsset;
}
/**
* @notice getSellerWithdrawAmounts returns the seller position based on his amount of shares
* and the current option position
*
* @param owner address of the user to check the withdraw amounts
*
* @return strikeAmount current amount of strike the user will receive. It may change until maturity
* @return underlyingAmount current amount of underlying the user will receive. It may change until maturity
*/
function getSellerWithdrawAmounts(address owner)
public
override
view
returns (uint256 strikeAmount, uint256 underlyingAmount)
{
uint256 ownerShares = shares[owner];
strikeAmount = ownerShares.mul(strikeReserves()).div(totalShares);
underlyingAmount = ownerShares.mul(underlyingReserves()).div(totalShares);
return (strikeAmount, underlyingAmount);
}
/**
* @notice The timestamp in seconds that represents the start of exercise window
*/
function startOfExerciseWindow() public override view returns (uint256) {
return _startOfExerciseWindow;
}
/**
* @notice Utility function to check the amount of the underlying tokens
* locked inside this contract
*/
function underlyingReserves() public override view returns (uint256) {
return IERC20(_underlyingAsset).balanceOf(address(this));
}
/**
* @notice Utility function to check the amount of the strike tokens locked
* inside this contract
*/
function strikeReserves() public override view returns (uint256) {
return IERC20(_strikeAsset).balanceOf(address(this));
}
/**
* @dev Modifier with the conditions to be able to mint
* based on option exerciseType.
*/
modifier tradeWindow() {
require(_isTradeWindow(), "PodOption: trade window has closed");
_;
}
/**
* @dev Modifier with the conditions to be able to unmint
* based on option exerciseType.
*/
modifier unmintWindow() {
require(_isTradeWindow() || _isExerciseWindow(), "PodOption: not in unmint window");
_;
}
/**
* @dev Modifier with the conditions to be able to exercise
* based on option exerciseType.
*/
modifier exerciseWindow() {
require(_isExerciseWindow(), "PodOption: not in exercise window");
_;
}
/**
* @dev Modifier with the conditions to be able to withdraw
* based on exerciseType.
*/
modifier withdrawWindow() {
require(_isWithdrawWindow(), "PodOption: option has not expired yet");
_;
}
/**
* @dev Internal function to check expiration
*/
function _hasExpired() internal view returns (bool) {
return block.timestamp >= _expiration;
}
/**
* @dev Internal function to check trade window
*/
function _isTradeWindow() internal view returns (bool) {
if (_hasExpired()) {
return false;
} else if (_exerciseType == ExerciseType.EUROPEAN) {
return !_isExerciseWindow();
}
return true;
}
/**
* @dev Internal function to check window exercise started
*/
function _isExerciseWindow() internal view returns (bool) {
return !_hasExpired() && block.timestamp >= _startOfExerciseWindow;
}
/**
* @dev Internal function to check withdraw started
*/
function _isWithdrawWindow() internal view returns (bool) {
return _hasExpired();
}
/**
* @dev Internal function to calculate the amount of strike asset needed given the option amount
* @param amountOfOptions Intended amount to options to mint
*/
function _strikeToTransfer(uint256 amountOfOptions) internal view returns (uint256) {
uint256 strikeAmount = amountOfOptions.mul(_strikePrice).div(10**uint256(underlyingAssetDecimals()));
require(strikeAmount > 0, "PodOption: amount of options is too low");
return strikeAmount;
}
/**
* @dev Calculate number of reserve shares based on the amount of collateral locked by the minter
*/
function _calculatedShares(uint256 amountOfCollateral) internal view returns (uint256 ownerShares) {
uint256 currentStrikeReserves = strikeReserves();
uint256 currentUnderlyingReserves = underlyingReserves();
uint256 numerator = amountOfCollateral.mul(totalShares);
uint256 denominator;
if (_optionType == OptionType.PUT) {
denominator = currentStrikeReserves.add(
currentUnderlyingReserves.mul(_strikePrice).div(uint256(10)**underlyingAssetDecimals())
);
} else {
denominator = currentUnderlyingReserves.add(
currentStrikeReserves.mul(uint256(10)**underlyingAssetDecimals()).div(_strikePrice)
);
}
ownerShares = numerator.div(denominator);
return ownerShares;
}
/**
* @dev Mint options, creating the shares accordingly to the amount of collateral provided
* @param amountOfOptions The amount option tokens to be issued
* @param amountOfCollateral The amount of collateral provided to mint options
* @param owner Which address will be the owner of the options
*/
function _mintOptions(
uint256 amountOfOptions,
uint256 amountOfCollateral,
address owner
) internal capped(amountOfOptions) {
require(owner != address(0), "PodOption: zero address cannot be the owner");
if (totalShares > 0) {
uint256 ownerShares = _calculatedShares(amountOfCollateral);
shares[owner] = shares[owner].add(ownerShares);
totalShares = totalShares.add(ownerShares);
} else {
shares[owner] = amountOfCollateral;
totalShares = amountOfCollateral;
}
mintedOptions[owner] = mintedOptions[owner].add(amountOfOptions);
_mint(msg.sender, amountOfOptions);
}
/**
* @dev Unmints options, burning the option tokens removing shares accordingly and releasing a certain
* amount of collateral.
* @param amountOfOptions The amount option tokens to be burned
* @param owner Which address options will be burned from
*/
function _unmintOptions(uint256 amountOfOptions, address owner)
internal
returns (uint256 strikeToSend, uint256 underlyingToSend)
{
require(shares[owner] > 0, "PodOption: you do not have minted options");
require(amountOfOptions <= mintedOptions[owner], "PodOption: not enough minted options");
uint256 burnedShares = shares[owner].mul(amountOfOptions).div(mintedOptions[owner]);
if (_optionType == IPodOption.OptionType.PUT) {
uint256 strikeAssetDeposited = totalSupply().mul(_strikePrice).div(10**uint256(decimals()));
uint256 totalInterest = 0;
if (strikeReserves() > strikeAssetDeposited) {
totalInterest = strikeReserves().sub(strikeAssetDeposited);
}
strikeToSend = amountOfOptions.mul(_strikePrice).div(10**uint256(decimals())).add(
totalInterest.mul(burnedShares).div(totalShares)
);
// In the case we lost some funds due to precision, the last user to unmint will still be able to perform.
if (strikeToSend > strikeReserves()) {
strikeToSend = strikeReserves();
}
} else {
uint256 underlyingAssetDeposited = totalSupply();
uint256 currentUnderlyingAmount = underlyingReserves().add(strikeReserves().div(_strikePrice));
uint256 totalInterest = 0;
if (currentUnderlyingAmount > underlyingAssetDeposited) {
totalInterest = currentUnderlyingAmount.sub(underlyingAssetDeposited);
}
underlyingToSend = amountOfOptions.add(totalInterest.mul(burnedShares).div(totalShares));
}
shares[owner] = shares[owner].sub(burnedShares);
mintedOptions[owner] = mintedOptions[owner].sub(amountOfOptions);
totalShares = totalShares.sub(burnedShares);
_burn(owner, amountOfOptions);
}
/**
* @dev Removes all shares, returning the amounts that would be withdrawable
*/
function _withdraw() internal returns (uint256 strikeToSend, uint256 underlyingToSend) {
uint256 ownerShares = shares[msg.sender];
require(ownerShares > 0, "PodOption: you do not have balance to withdraw");
(strikeToSend, underlyingToSend) = getSellerWithdrawAmounts(msg.sender);
shares[msg.sender] = 0;
mintedOptions[msg.sender] = 0;
totalShares = totalShares.sub(ownerShares);
}
}
// SPDX-License-Identifier: agpl-3.0
pragma solidity 0.6.12;
import "./PodOption.sol";
/**
* @title PodPut
* @author Pods Finance
*
* @notice Represents a tokenized Put option series for some long/short token pair.
*
* @dev Put options represents the right, not the obligation to sell the underlying asset
* for strike price units of the strike asset.
*
* There are four main actions that can be done with an option:
*
* Sellers can mint fungible Put option tokens by locking strikePrice * amountOfOptions
* strike asset units until expiration. Buyers can exercise their Put, meaning
* selling their underlying asset for strikePrice * amountOfOptions units of strike asset.
* At the end, seller can retrieve back its collateral, that could be the underlying asset
* AND/OR strike based on the contract's current ratio of underlying and strike assets.
*
* There are many option's style, but the most usual are: American and European.
* The difference between them are the moments that the buyer is allowed to exercise and
* the moment that seller can retrieve its locked collateral.
*
* Exercise:
* American -> any moment until expiration
* European -> only after expiration and until the end of the exercise window
*
* Withdraw:
* American -> after expiration
* European -> after end of exercise window
*
* Let's take an example: there is such an European Put option series where buyers
* may sell 1 WETH for 300 USDC until Dec 31, 2021.
*
* In this case:
*
* - Expiration date: Dec 31, 2021
* - Underlying asset: WETH
* - Strike asset: USDC
* - Strike price: 300 USDC
*
* USDC holders may call mint() until the expiration date, which in turn:
*
* - Will lock their USDC into this contract
* - Will mint/issue option tokens corresponding to this USDC amount
* - This contract is agnostic about where to sell/buy and how much should be the
* the option premium.
*
* USDC holders who also hold the option tokens may call unmint() until the
* expiration date, which in turn:
*
* - Will unlock their USDC from this contract
* - Will burn the corresponding amount of options tokens
*
* Option token holders may call exercise() after the expiration date and
* before the end of exercise window, to exercise their option, which in turn:
*
* - Will sell 1 ETH for 300 USDC (the strike price) each.
* - Will burn the corresponding amount of option tokens.
*
* USDC holders that minted options initially can call withdraw() after the
* end of exercise window, which in turn:
*
* - Will give back its amount of collateral locked. That could be o mix of
* underlying asset and strike asset based if and how the pool was exercised.
*
* IMPORTANT: Note that after expiration, option tokens are worthless since they can not
* be exercised and its price should worth 0 in a healthy market.
*
*/
contract PodPut is PodOption {
constructor(
string memory name,
string memory symbol,
IPodOption.ExerciseType exerciseType,
address underlyingAsset,
address strikeAsset,
uint256 strikePrice,
uint256 expiration,
uint256 exerciseWindowSize,
IConfigurationManager configurationManager
)
public
PodOption(
name,
symbol,
IPodOption.OptionType.PUT,
exerciseType,
underlyingAsset,
strikeAsset,
strikePrice,
expiration,
exerciseWindowSize,
configurationManager
)
{} // solhint-disable-line no-empty-blocks
/**
* @notice Locks strike asset and write option tokens.
*
* @dev The issued amount ratio is 1:1, i.e., 1 option token for 1 underlying token.
*
* It presumes the caller has already called IERC20.approve() on the
* strike token contract to move caller funds.
*
* This function is meant to be called by strike token holders wanting
* to write option tokens. Calling it will lock `amountOfOptions` * `strikePrice`
* units of `strikeToken` into this contract
*
* Options can only be minted while the series is NOT expired.
*
* It is also important to notice that options will be sent back
* to `msg.sender` and not the `owner`. This behavior is designed to allow
* proxy contracts to mint on others behalf. The `owner` will be able to remove
* the deposited collateral after series expiration or by calling unmint(), even
* if a third-party minted options on its behalf.
*
* @param amountOfOptions The amount option tokens to be issued
* @param owner Which address will be the owner of the options
*/
function mint(uint256 amountOfOptions, address owner) external override tradeWindow {
require(amountOfOptions > 0, "PodPut: you can not mint zero options");
uint256 amountToTransfer = _strikeToTransfer(amountOfOptions);
_mintOptions(amountOfOptions, amountToTransfer, owner);
IERC20(strikeAsset()).safeTransferFrom(msg.sender, address(this), amountToTransfer);
emit Mint(owner, amountOfOptions);
}
/**
* @notice Unlocks collateral by burning option tokens.
*
* Options can only be burned while the series is NOT expired.
*
* @param amountOfOptions The amount option tokens to be burned
*/
function unmint(uint256 amountOfOptions) external virtual override unmintWindow {
(uint256 strikeToSend, uint256 underlyingToSend) = _unmintOptions(amountOfOptions, msg.sender);
require(strikeToSend > 0, "PodPut: amount of options is too low");
// Sends strike asset
IERC20(strikeAsset()).safeTransfer(msg.sender, strikeToSend);
emit Unmint(msg.sender, amountOfOptions, strikeToSend, underlyingToSend);
}
/**
* @notice Allow Put token holders to use them to sell some amount of units
* of the underlying token for the amount * strike price units of the
* strike token.
*
* @dev It presumes the caller has already called IERC20.approve() on the
* underlying token contract to move caller funds.
*
* During the process:
*
* - The amount * strikePrice of strike tokens are transferred to the caller
* - The amount of option tokens are burned
* - The amount of underlying tokens are transferred into
* this contract as a payment for the strike tokens
*
* On American options, this function can only called anytime before expiration.
* For European options, this function can only be called during the exerciseWindow.
* Meaning, after expiration and before the end of exercise window.
*
* @param amountOfOptions The amount option tokens to be exercised
*/
function exercise(uint256 amountOfOptions) external virtual override exerciseWindow {
require(amountOfOptions > 0, "PodPut: you can not exercise zero options");
// Calculate the strike amount equivalent to pay for the underlying requested
uint256 amountOfStrikeToTransfer = _strikeToTransfer(amountOfOptions);
// Burn the option tokens equivalent to the underlying requested
_burn(msg.sender, amountOfOptions);
// Retrieve the underlying asset from caller
IERC20(underlyingAsset()).safeTransferFrom(msg.sender, address(this), amountOfOptions);
// Releases the strike asset to caller, completing the exchange
IERC20(strikeAsset()).safeTransfer(msg.sender, amountOfStrikeToTransfer);
emit Exercise(msg.sender, amountOfOptions);
}
/**
* @notice After series expiration in case of American or after exercise window for European,
* allow minters who have locked their strike asset tokens to withdraw them proportionally
* to their minted options.
*
* @dev If assets had been exercised during the option series the minter may withdraw
* the exercised assets or a combination of exercised and strike asset tokens.
*/
function withdraw() external virtual override withdrawWindow {
(uint256 strikeToSend, uint256 underlyingToSend) = _withdraw();
IERC20(strikeAsset()).safeTransfer(msg.sender, strikeToSend);
if (underlyingToSend > 0) {
IERC20(underlyingAsset()).safeTransfer(msg.sender, underlyingToSend);
}
emit Withdraw(msg.sender, strikeToSend, underlyingToSend);
}
}
// SPDX-License-Identifier: agpl-3.0
pragma solidity 0.6.12;
import "@openzeppelin/contracts/token/ERC20/IERC20.sol";
contract RequiredDecimals {
uint256 private constant _MAX_TOKEN_DECIMALS = 38;
/**
* Tries to fetch the decimals of a token, if not existent, fails with a require statement
*
* @param token An instance of IERC20
* @return The decimals of a token
*/
function tryDecimals(IERC20 token) internal view returns (uint8) {
// solhint-disable-line private-vars-leading-underscore
bytes memory payload = abi.encodeWithSignature("decimals()");
// solhint-disable avoid-low-level-calls
(bool success, bytes memory returnData) = address(token).staticcall(payload);
require(success, "RequiredDecimals: required decimals");
uint8 decimals = abi.decode(returnData, (uint8));
require(decimals < _MAX_TOKEN_DECIMALS, "RequiredDecimals: token decimals should be lower than 38");
return decimals;
}
}
// SPDX-License-Identifier: MIT
pragma solidity >=0.6.0 <0.8.0;
import "./IERC20.sol";
import "../../math/SafeMath.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 SafeMath for uint256;
using Address for address;
function safeTransfer(IERC20 token, address to, uint256 value) internal {
_callOptionalReturn(token, abi.encodeWithSelector(token.transfer.selector, to, value));
}
function safeTransferFrom(IERC20 token, address from, address to, uint256 value) internal {
_callOptionalReturn(token, abi.encodeWithSelector(token.transferFrom.selector, from, to, value));
}
/**
* @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'
// solhint-disable-next-line max-line-length
require((value == 0) || (token.allowance(address(this), spender) == 0),
"SafeERC20: approve from non-zero to non-zero allowance"
);
_callOptionalReturn(token, abi.encodeWithSelector(token.approve.selector, spender, value));
}
function safeIncreaseAllowance(IERC20 token, address spender, uint256 value) internal {
uint256 newAllowance = token.allowance(address(this), spender).add(value);
_callOptionalReturn(token, abi.encodeWithSelector(token.approve.selector, spender, newAllowance));
}
function safeDecreaseAllowance(IERC20 token, address spender, uint256 value) internal {
uint256 newAllowance = token.allowance(address(this), spender).sub(value, "SafeERC20: decreased allowance below zero");
_callOptionalReturn(token, abi.encodeWithSelector(token.approve.selector, spender, newAllowance));
}
/**
* @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");
if (returndata.length > 0) { // Return data is optional
// solhint-disable-next-line max-line-length
require(abi.decode(returndata, (bool)), "SafeERC20: ERC20 operation did not succeed");
}
}
}
// SPDX-License-Identifier: MIT
pragma solidity >=0.6.0 <0.8.0;
/**
* @dev Wrappers over Solidity's arithmetic operations with added overflow
* checks.
*
* Arithmetic operations in Solidity wrap on overflow. This can easily result
* in bugs, because programmers usually assume that an overflow raises an
* error, which is the standard behavior in high level programming languages.
* `SafeMath` restores this intuition by reverting the transaction when an
* operation overflows.
*
* Using this library instead of the unchecked operations eliminates an entire
* class of bugs, so it's recommended to use it always.
*/
library SafeMath {
/**
* @dev Returns the addition of two unsigned integers, with an overflow flag.
*
* _Available since v3.4._
*/
function tryAdd(uint256 a, uint256 b) internal pure returns (bool, uint256) {
uint256 c = a + b;
if (c < a) return (false, 0);
return (true, c);
}
/**
* @dev Returns the substraction of two unsigned integers, with an overflow flag.
*
* _Available since v3.4._
*/
function trySub(uint256 a, uint256 b) internal pure returns (bool, uint256) {
if (b > a) return (false, 0);
return (true, a - b);
}
/**
* @dev Returns the multiplication of two unsigned integers, with an overflow flag.
*
* _Available since v3.4._
*/
function tryMul(uint256 a, uint256 b) internal pure returns (bool, uint256) {
// Gas optimization: this is cheaper than requiring 'a' not being zero, but the
// benefit is lost if 'b' is also tested.
// See: https://github.com/OpenZeppelin/openzeppelin-contracts/pull/522
if (a == 0) return (true, 0);
uint256 c = a * b;
if (c / a != b) return (false, 0);
return (true, c);
}
/**
* @dev Returns the division of two unsigned integers, with a division by zero flag.
*
* _Available since v3.4._
*/
function tryDiv(uint256 a, uint256 b) internal pure returns (bool, uint256) {
if (b == 0) return (false, 0);
return (true, a / b);
}
/**
* @dev Returns the remainder of dividing two unsigned integers, with a division by zero flag.
*
* _Available since v3.4._
*/
function tryMod(uint256 a, uint256 b) internal pure returns (bool, uint256) {
if (b == 0) return (false, 0);
return (true, a % b);
}
/**
* @dev Returns the addition of two unsigned integers, reverting on
* overflow.
*
* Counterpart to Solidity's `+` operator.
*
* Requirements:
*
* - Addition cannot overflow.
*/
function add(uint256 a, uint256 b) internal pure returns (uint256) {
uint256 c = a + b;
require(c >= a, "SafeMath: addition overflow");
return c;
}
/**
* @dev Returns the subtraction of two unsigned integers, reverting on
* overflow (when the result is negative).
*
* Counterpart to Solidity's `-` operator.
*
* Requirements:
*
* - Subtraction cannot overflow.
*/
function sub(uint256 a, uint256 b) internal pure returns (uint256) {
require(b <= a, "SafeMath: subtraction overflow");
return a - b;
}
/**
* @dev Returns the multiplication of two unsigned integers, reverting on
* overflow.
*
* Counterpart to Solidity's `*` operator.
*
* Requirements:
*
* - Multiplication cannot overflow.
*/
function mul(uint256 a, uint256 b) internal pure returns (uint256) {
if (a == 0) return 0;
uint256 c = a * b;
require(c / a == b, "SafeMath: multiplication overflow");
return c;
}
/**
* @dev Returns the integer division of two unsigned integers, reverting on
* division by zero. The result is rounded towards zero.
*
* Counterpart to Solidity's `/` operator. Note: this function uses a
* `revert` opcode (which leaves remaining gas untouched) while Solidity
* uses an invalid opcode to revert (consuming all remaining gas).
*
* Requirements:
*
* - The divisor cannot be zero.
*/
function div(uint256 a, uint256 b) internal pure returns (uint256) {
require(b > 0, "SafeMath: division by zero");
return a / b;
}
/**
* @dev Returns the remainder of dividing two unsigned integers. (unsigned integer modulo),
* reverting when dividing by zero.
*
* Counterpart to Solidity's `%` operator. This function uses a `revert`
* opcode (which leaves remaining gas untouched) while Solidity uses an
* invalid opcode to revert (consuming all remaining gas).
*
* Requirements:
*
* - The divisor cannot be zero.
*/
function mod(uint256 a, uint256 b) internal pure returns (uint256) {
require(b > 0, "SafeMath: modulo by zero");
return a % b;
}
/**
* @dev Returns the subtraction of two unsigned integers, reverting with custom message on
* overflow (when the result is negative).
*
* CAUTION: This function is deprecated because it requires allocating memory for the error
* message unnecessarily. For custom revert reasons use {trySub}.
*
* Counterpart to Solidity's `-` operator.
*
* Requirements:
*
* - Subtraction cannot overflow.
*/
function sub(uint256 a, uint256 b, string memory errorMessage) internal pure returns (uint256) {
require(b <= a, errorMessage);
return a - b;
}
/**
* @dev Returns the integer division of two unsigned integers, reverting with custom message on
* division by zero. The result is rounded towards zero.
*
* CAUTION: This function is deprecated because it requires allocating memory for the error
* message unnecessarily. For custom revert reasons use {tryDiv}.
*
* Counterpart to Solidity's `/` operator. Note: this function uses a
* `revert` opcode (which leaves remaining gas untouched) while Solidity
* uses an invalid opcode to revert (consuming all remaining gas).
*
* Requirements:
*
* - The divisor cannot be zero.
*/
function div(uint256 a, uint256 b, string memory errorMessage) internal pure returns (uint256) {
require(b > 0, errorMessage);
return a / b;
}
/**
* @dev Returns the remainder of dividing two unsigned integers. (unsigned integer modulo),
* reverting with custom message when dividing by zero.
*
* CAUTION: This function is deprecated because it requires allocating memory for the error
* message unnecessarily. For custom revert reasons use {tryMod}.
*
* Counterpart to Solidity's `%` operator. This function uses a `revert`
* opcode (which leaves remaining gas untouched) while Solidity uses an
* invalid opcode to revert (consuming all remaining gas).
*
* Requirements:
*
* - The divisor cannot be zero.
*/
function mod(uint256 a, uint256 b, string memory errorMessage) internal pure returns (uint256) {
require(b > 0, errorMessage);
return a % b;
}
}
// SPDX-License-Identifier: agpl-3.0
pragma solidity 0.6.12;
import "./PodPut.sol";
import "../interfaces/IWETH.sol";
import "@openzeppelin/contracts/utils/Address.sol";
import "../lib/Conversion.sol";
/**
* @title WPodPut
* @author Pods Finance
*
* @notice Represents a tokenized Put option series for ETH. Internally it Wraps
* ETH to treat it seamlessly.
*
* @dev Put options represents the right, not the obligation to sell the underlying asset
* for strike price units of the strike asset.
*
* There are four main actions that can be done with an option:
*
* Sellers can mint fungible Put option tokens by locking strikePrice * amountOfOptions
* strike asset units until expiration. Buyers can exercise their Put, meaning
* selling their underlying asset for strikePrice * amountOfOptions units of strike asset.
* At the end, seller can retrieve back its collateral, that could be the underlying asset
* AND/OR strike based on the contract's current ratio of underlying and strike assets.
*
* There are many option's style, but the most usual are: American and European.
* The difference between them are the moments that the buyer is allowed to exercise and
* the moment that seller can retrieve its locked collateral.
*
* Exercise:
* American -> any moment until expiration
* European -> only after expiration and until the end of the exercise window
*
* Withdraw:
* American -> after expiration
* European -> after end of exercise window
*
* Let's take an example: there is such a put option series where buyers
* may sell 1 ETH for 300 USDC until Dec 31, 2021.
*
* In this case:
*
* - Expiration date: Dec 31, 2021
* - Underlying asset: ETH
* - Strike asset: USDC
* - Strike price: 300 USDC
*
* USDC holders may call mint() until the expiration date, which in turn:
*
* - Will lock their USDC into this contract
* - Will issue put tokens corresponding to this USDC amount
* - This contract is agnostic about where options could be bought or sold and how much the
* the option premium should be.
*
* USDC holders who also hold the option tokens may call unmint() until the
* expiration date, which in turn:
*
* - Will unlock their USDC from this contract
* - Will burn the corresponding amount of put tokens
*
* Put token holders may call exerciseEth() until the expiration date, to
* exercise their option, which in turn:
*
* - Will sell 1 ETH for 300 USDC (the strike price) each.
* - Will burn the corresponding amount of put tokens.
*
* IMPORTANT: Note that after expiration, option tokens are worthless since they can not
* be exercised and its price should be worth 0 in a healthy market.
*
*/
contract WPodPut is PodPut, Conversion {
event Received(address indexed sender, uint256 value);
constructor(
string memory name,
string memory symbol,
IPodOption.ExerciseType exerciseType,
address strikeAsset,
uint256 strikePrice,
uint256 expiration,
uint256 exerciseWindowSize,
IConfigurationManager configurationManager
)
public
PodPut(
name,
symbol,
exerciseType,
_parseAddressFromUint(configurationManager.getParameter("WRAPPED_NETWORK_TOKEN")),
strikeAsset,
strikePrice,
expiration,
exerciseWindowSize,
configurationManager
)
{} // solhint-disable-line no-empty-blocks
/**
* @notice Unlocks collateral by burning option tokens.
*
* Options can only be burned while the series is NOT expired.
*
* @param amountOfOptions The amount option tokens to be burned
*/
function unmint(uint256 amountOfOptions) external override unmintWindow {
(uint256 strikeToSend, uint256 underlyingToSend) = _unmintOptions(amountOfOptions, msg.sender);
require(strikeToSend > 0, "WPodPut: amount of options is too low");
// Sends strike asset
IERC20(strikeAsset()).safeTransfer(msg.sender, strikeToSend);
emit Unmint(msg.sender, amountOfOptions, strikeToSend, underlyingToSend);
}
/**
* @notice Allow Put token holders to use them to sell some amount of units
* of ETH for the amount * strike price units of the strike token.
*
* @dev It uses the amount of ETH sent to exchange to the strike amount
*
* During the process:
*
* - The amount of ETH is transferred into this contract as a payment for the strike tokens
* - The ETH is wrapped into WETH
* - The amount of ETH * strikePrice of strike tokens are transferred to the caller
* - The amount of option tokens are burned
*
* On American options, this function can only called anytime before expiration.
* For European options, this function can only be called during the exerciseWindow.
* Meaning, after expiration and before the end of exercise window.
*/
function exerciseEth() external payable exerciseWindow {
uint256 amountOfOptions = msg.value;
require(amountOfOptions > 0, "WPodPut: you can not exercise zero options");
// Calculate the strike amount equivalent to pay for the underlying requested
uint256 strikeToSend = _strikeToTransfer(amountOfOptions);
// Burn the option tokens equivalent to the underlying requested
_burn(msg.sender, amountOfOptions);
// Retrieve the underlying asset from caller
IWETH(underlyingAsset()).deposit{ value: msg.value }();
// Releases the strike asset to caller, completing the exchange
IERC20(strikeAsset()).safeTransfer(msg.sender, strikeToSend);
emit Exercise(msg.sender, amountOfOptions);
}
/**
* @notice After series expiration in case of American or after exercise window for European,
* allow minters who have locked their strike asset tokens to withdraw them proportionally
* to their minted options.
*
* @dev If assets had been exercised during the option series the minter may withdraw
* the exercised assets or a combination of exercised and strike asset tokens.
*/
function withdraw() external override withdrawWindow {
(uint256 strikeToSend, uint256 underlyingToSend) = _withdraw();
IERC20(strikeAsset()).safeTransfer(msg.sender, strikeToSend);
if (underlyingToSend > 0) {
IWETH(underlyingAsset()).withdraw(underlyingToSend);
Address.sendValue(msg.sender, underlyingToSend);
}
emit Withdraw(msg.sender, strikeToSend, underlyingToSend);
}
receive() external payable {
require(msg.sender == this.underlyingAsset(), "WPodPut: Only deposits from WETH are allowed");
emit Received(msg.sender, msg.value);
}
}
{
"compilationTarget": {
"contracts/options/WPodPut.sol": "WPodPut"
},
"evmVersion": "istanbul",
"libraries": {},
"metadata": {
"bytecodeHash": "ipfs"
},
"optimizer": {
"enabled": true,
"runs": 200
},
"remappings": []
}
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IConfigurationManager","name":"configurationManager","type":"address"}],"stateMutability":"nonpayable","type":"constructor"},{"anonymous":false,"inputs":[{"indexed":true,"internalType":"address","name":"owner","type":"address"},{"indexed":true,"internalType":"address","name":"spender","type":"address"},{"indexed":false,"internalType":"uint256","name":"value","type":"uint256"}],"name":"Approval","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"internalType":"address","name":"exerciser","type":"address"},{"indexed":false,"internalType":"uint256","name":"amount","type":"uint256"}],"name":"Exercise","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"internalType":"address","name":"minter","type":"address"},{"indexed":false,"internalType":"uint256","name":"amount","type":"uint256"}],"name":"Mint","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"internalType":"address","name":"sender","type":"address"},{"indexed":false,"internalType":"uint256","name":"value","type":"uint256"}],"name":"Received","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"internalType":"address","name":"from","type":"address"},{"indexed":true,"internalType":"address","name":"to","type":"address"},{"indexed":false,"internalType":"uint256","name":"value","type":"uint256"}],"name":"Transfer","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"internalType":"address","name":"minter","type":"address"},{"indexed":false,"internalType":"uint256","name":"optionAmount","type":"uint256"},{"indexed":false,"internalType":"uint256","name":"strikeAmount","type":"uint256"},{"indexed":false,"internalType":"uint256","name":"underlyingAmount","type":"uint256"}],"name":"Unmint","type":"event"},{"anonymous":false,"inputs":[{"indexed":true,"internalType":"address","name":"minter","type":"address"},{"indexed":false,"internalType":"uint256","name":"strikeAmount","type":"uint256"},{"indexed":false,"internalType":"uint256","name":"underlyingAmount","type":"uint256"}],"name":"Withdraw","type":"event"},{"inputs":[],"name":"MIN_EXERCISE_WINDOW_SIZE","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"address","name":"owner","type":"address"},{"internalType":"address","name":"spender","type":"address"}],"name":"allowance","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"address","name":"spender","type":"address"},{"internalType":"uint256","name":"amount","type":"uint256"}],"name":"approve","outputs":[{"internalType":"bool","name":"","type":"bool"}],"stateMutability":"nonpayable","type":"function"},{"inputs":[{"internalType":"address","name":"account","type":"address"}],"name":"balanceOf","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"capSize","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"configurationManager","outputs":[{"internalType":"contract IConfigurationManager","name":"","type":"address"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"decimals","outputs":[{"internalType":"uint8","name":"","type":"uint8"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"address","name":"spender","type":"address"},{"internalType":"uint256","name":"subtractedValue","type":"uint256"}],"name":"decreaseAllowance","outputs":[{"internalType":"bool","name":"","type":"bool"}],"stateMutability":"nonpayable","type":"function"},{"inputs":[{"internalType":"uint256","name":"amountOfOptions","type":"uint256"}],"name":"exercise","outputs":[],"stateMutability":"nonpayable","type":"function"},{"inputs":[],"name":"exerciseEth","outputs":[],"stateMutability":"payable","type":"function"},{"inputs":[],"name":"exerciseType","outputs":[{"internalType":"enum IPodOption.ExerciseType","name":"","type":"uint8"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"expiration","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"address","name":"owner","type":"address"}],"name":"getSellerWithdrawAmounts","outputs":[{"internalType":"uint256","name":"strikeAmount","type":"uint256"},{"internalType":"uint256","name":"underlyingAmount","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"hasExpired","outputs":[{"internalType":"bool","name":"","type":"bool"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"address","name":"spender","type":"address"},{"internalType":"uint256","name":"addedValue","type":"uint256"}],"name":"increaseAllowance","outputs":[{"internalType":"bool","name":"","type":"bool"}],"stateMutability":"nonpayable","type":"function"},{"inputs":[],"name":"isExerciseWindow","outputs":[{"internalType":"bool","name":"","type":"bool"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"isTradeWindow","outputs":[{"internalType":"bool","name":"","type":"bool"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"isWithdrawWindow","outputs":[{"internalType":"bool","name":"","type":"bool"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"uint256","name":"amountOfOptions","type":"uint256"},{"internalType":"address","name":"owner","type":"address"}],"name":"mint","outputs":[],"stateMutability":"nonpayable","type":"function"},{"inputs":[{"internalType":"address","name":"","type":"address"}],"name":"mintedOptions","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"name","outputs":[{"internalType":"string","name":"","type":"string"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"optionType","outputs":[{"internalType":"enum IPodOption.OptionType","name":"","type":"uint8"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"address","name":"","type":"address"}],"name":"shares","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"startOfExerciseWindow","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"strikeAsset","outputs":[{"internalType":"address","name":"","type":"address"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"strikeAssetDecimals","outputs":[{"internalType":"uint8","name":"","type":"uint8"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"strikePrice","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"strikePriceDecimals","outputs":[{"internalType":"uint8","name":"","type":"uint8"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"strikeReserves","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"uint256","name":"amountOfOptions","type":"uint256"}],"name":"strikeToTransfer","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"symbol","outputs":[{"internalType":"string","name":"","type":"string"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"totalShares","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"totalSupply","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"address","name":"recipient","type":"address"},{"internalType":"uint256","name":"amount","type":"uint256"}],"name":"transfer","outputs":[{"internalType":"bool","name":"","type":"bool"}],"stateMutability":"nonpayable","type":"function"},{"inputs":[{"internalType":"address","name":"sender","type":"address"},{"internalType":"address","name":"recipient","type":"address"},{"internalType":"uint256","name":"amount","type":"uint256"}],"name":"transferFrom","outputs":[{"internalType":"bool","name":"","type":"bool"}],"stateMutability":"nonpayable","type":"function"},{"inputs":[],"name":"underlyingAsset","outputs":[{"internalType":"address","name":"","type":"address"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"underlyingAssetDecimals","outputs":[{"internalType":"uint8","name":"","type":"uint8"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"underlyingReserves","outputs":[{"internalType":"uint256","name":"","type":"uint256"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"uint256","name":"amountOfOptions","type":"uint256"}],"name":"unmint","outputs":[],"stateMutability":"nonpayable","type":"function"},{"inputs":[],"name":"withdraw","outputs":[],"stateMutability":"nonpayable","type":"function"},{"stateMutability":"payable","type":"receive"}]