// SPDX-License-Identifier: AGPL-3.0-only
pragma solidity >=0.8.0;
// This contract is modified from Solmate only to make requiresAuth virtual on line 26
/// @notice Provides a flexible and updatable auth pattern which is completely separate from application logic.
/// @author Solmate (https://github.com/Rari-Capital/solmate/blob/main/src/auth/Auth.sol)
/// @author Modified from Dappsys (https://github.com/dapphub/ds-auth/blob/master/src/auth.sol)
abstract contract Auth {
event OwnerUpdated(address indexed user, address indexed newOwner);
event AuthorityUpdated(address indexed user, Authority indexed newAuthority);
address public owner;
Authority public authority;
constructor(address _owner, Authority _authority) {
owner = _owner;
authority = _authority;
emit OwnerUpdated(msg.sender, _owner);
emit AuthorityUpdated(msg.sender, _authority);
}
modifier requiresAuth() virtual {
require(isAuthorized(msg.sender, msg.sig), "UNAUTHORIZED");
_;
}
function isAuthorized(address user, bytes4 functionSig) internal view virtual returns (bool) {
Authority auth = authority; // Memoizing authority saves us a warm SLOAD, around 100 gas.
// Checking if the caller is the owner only after calling the authority saves gas in most cases, but be
// aware that this makes protected functions uncallable even to the owner if the authority is out of order.
return (address(auth) != address(0) && auth.canCall(user, address(this), functionSig)) || user == owner;
}
function setAuthority(Authority newAuthority) public virtual {
// We check if the caller is the owner first because we want to ensure they can
// always swap out the authority even if it's reverting or using up a lot of gas.
require(msg.sender == owner || authority.canCall(msg.sender, address(this), msg.sig));
authority = newAuthority;
emit AuthorityUpdated(msg.sender, newAuthority);
}
function setOwner(address newOwner) public virtual requiresAuth {
owner = newOwner;
emit OwnerUpdated(msg.sender, newOwner);
}
}
/// @notice A generic interface for a contract which provides authorization data to an Auth instance.
/// @author Solmate (https://github.com/Rari-Capital/solmate/blob/main/src/auth/Auth.sol)
/// @author Modified from Dappsys (https://github.com/dapphub/ds-auth/blob/master/src/auth.sol)
interface Authority {
function canCall(address user, address target, bytes4 functionSig) external view returns (bool);
}
// SPDX-License-Identifier: AGPL-3.0-only
pragma solidity >=0.8.0;
/// @notice Modern and gas efficient ERC20 + EIP-2612 implementation.
/// @author Solmate (https://github.com/Rari-Capital/solmate/blob/main/src/tokens/ERC20.sol)
/// @author Modified from Uniswap (https://github.com/Uniswap/uniswap-v2-core/blob/master/contracts/UniswapV2ERC20.sol)
/// @dev Do not manually set balances without updating totalSupply, as the sum of all user balances must not exceed it.
abstract contract ERC20 {
/*///////////////////////////////////////////////////////////////
EVENTS
//////////////////////////////////////////////////////////////*/
event Transfer(address indexed from, address indexed to, uint256 amount);
event Approval(address indexed owner, address indexed spender, uint256 amount);
/*///////////////////////////////////////////////////////////////
METADATA STORAGE
//////////////////////////////////////////////////////////////*/
string public name;
string public symbol;
uint8 public immutable decimals;
/*///////////////////////////////////////////////////////////////
ERC20 STORAGE
//////////////////////////////////////////////////////////////*/
uint256 public totalSupply;
mapping(address => uint256) public balanceOf;
mapping(address => mapping(address => uint256)) public allowance;
/*///////////////////////////////////////////////////////////////
EIP-2612 STORAGE
//////////////////////////////////////////////////////////////*/
bytes32 public constant PERMIT_TYPEHASH =
keccak256("Permit(address owner,address spender,uint256 value,uint256 nonce,uint256 deadline)");
uint256 internal immutable INITIAL_CHAIN_ID;
bytes32 internal immutable INITIAL_DOMAIN_SEPARATOR;
mapping(address => uint256) public nonces;
/*///////////////////////////////////////////////////////////////
CONSTRUCTOR
//////////////////////////////////////////////////////////////*/
constructor(
string memory _name,
string memory _symbol,
uint8 _decimals
) {
name = _name;
symbol = _symbol;
decimals = _decimals;
INITIAL_CHAIN_ID = block.chainid;
INITIAL_DOMAIN_SEPARATOR = computeDomainSeparator();
}
/*///////////////////////////////////////////////////////////////
ERC20 LOGIC
//////////////////////////////////////////////////////////////*/
function approve(address spender, uint256 amount) public virtual returns (bool) {
allowance[msg.sender][spender] = amount;
emit Approval(msg.sender, spender, amount);
return true;
}
function transfer(address to, uint256 amount) public virtual returns (bool) {
balanceOf[msg.sender] -= amount;
// Cannot overflow because the sum of all user
// balances can't exceed the max uint256 value.
unchecked {
balanceOf[to] += amount;
}
emit Transfer(msg.sender, to, amount);
return true;
}
function transferFrom(
address from,
address to,
uint256 amount
) public virtual returns (bool) {
uint256 allowed = allowance[from][msg.sender]; // Saves gas for limited approvals.
if (allowed != type(uint256).max) allowance[from][msg.sender] = allowed - amount;
balanceOf[from] -= amount;
// Cannot overflow because the sum of all user
// balances can't exceed the max uint256 value.
unchecked {
balanceOf[to] += amount;
}
emit Transfer(from, to, amount);
return true;
}
/*///////////////////////////////////////////////////////////////
EIP-2612 LOGIC
//////////////////////////////////////////////////////////////*/
function permit(
address owner,
address spender,
uint256 value,
uint256 deadline,
uint8 v,
bytes32 r,
bytes32 s
) public virtual {
require(deadline >= block.timestamp, "PERMIT_DEADLINE_EXPIRED");
// Unchecked because the only math done is incrementing
// the owner's nonce which cannot realistically overflow.
unchecked {
bytes32 digest = keccak256(
abi.encodePacked(
"\x19\x01",
DOMAIN_SEPARATOR(),
keccak256(abi.encode(PERMIT_TYPEHASH, owner, spender, value, nonces[owner]++, deadline))
)
);
address recoveredAddress = ecrecover(digest, v, r, s);
require(recoveredAddress != address(0) && recoveredAddress == owner, "INVALID_SIGNER");
allowance[recoveredAddress][spender] = value;
}
emit Approval(owner, spender, value);
}
function DOMAIN_SEPARATOR() public view virtual returns (bytes32) {
return block.chainid == INITIAL_CHAIN_ID ? INITIAL_DOMAIN_SEPARATOR : computeDomainSeparator();
}
function computeDomainSeparator() internal view virtual returns (bytes32) {
return
keccak256(
abi.encode(
keccak256("EIP712Domain(string name,string version,uint256 chainId,address verifyingContract)"),
keccak256(bytes(name)),
keccak256("1"),
block.chainid,
address(this)
)
);
}
/*///////////////////////////////////////////////////////////////
INTERNAL MINT/BURN LOGIC
//////////////////////////////////////////////////////////////*/
function _mint(address to, uint256 amount) internal virtual {
totalSupply += amount;
// Cannot overflow because the sum of all user
// balances can't exceed the max uint256 value.
unchecked {
balanceOf[to] += amount;
}
emit Transfer(address(0), to, amount);
}
function _burn(address from, uint256 amount) internal virtual {
balanceOf[from] -= amount;
// Cannot underflow because a user's balance
// will never be larger than the total supply.
unchecked {
totalSupply -= amount;
}
emit Transfer(from, address(0), amount);
}
}
// SPDX-License-Identifier: AGPL-3.0-only
pragma solidity >=0.8.0;
import {RolesAuthority} from "./authorities/RolesAuthority.sol";
/**
* @notice An abstract Auth that contracts in the Endaoment ecosystem can inherit from. It is based on
* the `Auth.sol` contract from Solmate, but does not inherit from it. Most of the functionality
* is either slightly different, or not needed. In particular:
* - EndaomentAuth uses an initializer such that it can be deployed with minimal proxies.
* - EndaomentAuth contracts reference a RolesAuthority, not just an Authority, when looking up permissions.
* In the Endaoment ecosystem, this is assumed to be the Registry.
* - EndaomentAuth contracts do not have an owner, but instead grant ubiquitous permission to its RoleAuthority's
* owner. In the Endaoment ecosystem, this is assumed to be the board of directors multi-sig.
* - EndaomentAuth contracts can optionally declare themselves a "special target" at deploy time. Instead of passing
* their address to the authority when looking up their permissions, they'll instead pass the special target bytes.
* See documentation on `specialTarget` for more information.
*
*/
abstract contract EndaomentAuth {
/// @notice Thrown when an account without proper permissions calls a privileged method.
error Unauthorized();
/// @notice Thrown if there is an attempt to deploy with address 0 as the authority.
error InvalidAuthority();
/// @notice Thrown if there is a second call to initialize.
error AlreadyInitialized();
/// @notice The contract used to source permissions for accounts targeting this contract.
RolesAuthority public authority;
/**
* @notice If set to a non-zero value, this contract will pass these byes as the target contract
* to the RolesAuthority's `canCall` method, rather than its own contract. This allows a single
* RolesAuthority permission to manage permissions simultaneously for a group of contracts that
* identify themselves as a certain type. For example: set a permission for all "entity" contracts.
*/
bytes20 public specialTarget;
/**
* @notice One time method to be called at deployment to configure the contract. Required so EndaomentAuth
* contracts can be deployed as minimal proxies (clones).
* @param _authority Contract that will be used to source permissions for accounts targeting this contract.
* @param _specialTarget The bytes that this contract will pass as the "target" when looking up permissions
* from the authority. If set to empty bytes, this contract will pass its own address instead.
*/
function __initEndaomentAuth(RolesAuthority _authority, bytes20 _specialTarget) internal virtual {
if (address(_authority) == address(0)) revert InvalidAuthority();
if (address(authority) != address(0)) revert AlreadyInitialized();
authority = _authority;
specialTarget = _specialTarget;
}
/**
* @notice Modifier for methods that require authorization to execute.
*/
modifier requiresAuth() virtual {
if (!isAuthorized(msg.sender, msg.sig)) revert Unauthorized();
_;
}
/**
* @notice Internal method that asks the authority whether the caller has permission to execute a method.
* @param user The account attempting to call a permissioned method on this contract
* @param functionSig The signature hash of the permissioned method being invoked.
*/
function isAuthorized(address user, bytes4 functionSig) internal view virtual returns (bool) {
RolesAuthority auth = authority; // Memoizing authority saves us a warm SLOAD, around 100 gas.
address _target = specialTarget == "" ? address(this) : address(specialTarget);
// The caller has permission on authority, or the caller is the RolesAuthority owner
return auth.canCall(user, _target, functionSig) || user == auth.owner();
}
}
//SPDX-License-Identifier: BSD 3-Clause
pragma solidity >=0.8.0;
import "solmate/tokens/ERC20.sol";
import "solmate/utils/SafeTransferLib.sol";
import "./lib/ReentrancyGuard.sol";
import {Registry} from "./Registry.sol";
import {ISwapWrapper} from "./interfaces/ISwapWrapper.sol";
import {EndaomentAuth} from "./lib/auth/EndaomentAuth.sol";
import {Portfolio} from "./Portfolio.sol";
import {Math} from "./lib/Math.sol";
error EntityInactive();
error PortfolioInactive();
error InsufficientFunds();
error InvalidAction();
error BalanceMismatch();
error CallFailed(bytes response);
/**
* @notice Entity contract inherited by Org and Fund contracts (and all future kinds of Entities).
*/
abstract contract Entity is EndaomentAuth, ReentrancyGuard {
using Math for uint256;
using SafeTransferLib for ERC20;
/// @notice The base registry to which the entity is connected.
Registry public registry;
/// @notice The entity's manager.
address public manager;
// @notice The base token used for tracking the entity's fund balance.
ERC20 public baseToken;
/// @notice The current balance for the entity, denominated in the base token's units.
uint256 public balance;
/// @notice Placeholder address used in swapping method to denote usage of ETH instead of a token.
address public constant ETH_PLACEHOLDER = 0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE;
/// @notice Emitted when manager is set.
event EntityManagerSet(address indexed oldManager, address indexed newManager);
/// @notice Emitted when a donation is made.
event EntityDonationReceived(
address indexed from,
address indexed to,
address indexed tokenIn,
uint256 amountIn,
uint256 amountReceived,
uint256 amountFee
);
/// @notice Emitted when a payout is made from an entity.
event EntityValuePaidOut(address indexed from, address indexed to, uint256 amountSent, uint256 amountFee);
/// @notice Emitted when a transfer is made between entities.
event EntityValueTransferred(address indexed from, address indexed to, uint256 amountReceived, uint256 amountFee);
/// @notice Emitted when a base token reconciliation completes
event EntityBalanceReconciled(address indexed entity, uint256 amountReceived, uint256 amountFee);
/// @notice Emitted when a base token balance is used to correct the internal contract balance.
event EntityBalanceCorrected(address indexed entity, uint256 newBalance);
/// @notice Emitted when a portfolio deposit is made.
event EntityDeposit(address indexed portfolio, uint256 baseTokenDeposited, uint256 sharesReceived);
/// @notice Emitted when a portfolio share redemption is made.
event EntityRedeem(address indexed portfolio, uint256 sharesRedeemed, uint256 baseTokenReceived);
/// @notice Emitted when ether is received.
event EntityEthReceived(address indexed sender, uint256 amount);
/**
* @notice Modifier for methods that require auth and that the manager can access.
* @dev Uses the same condition as `requiresAuth` but with added manager access.
*/
modifier requiresManager() {
if (msg.sender != manager && !isAuthorized(msg.sender, msg.sig)) revert Unauthorized();
_;
}
/// @notice Each entity will implement this function to allow a caller to interrogate what kind of entity it is.
function entityType() public pure virtual returns (uint8);
/**
* @notice One time method to be called at deployment to configure the contract. Required so Entity
* contracts can be deployed as minimal proxies (clones).
* @param _registry The registry to host the Entity.
* @param _manager The address of the Entity's manager.
*/
function __initEntity(Registry _registry, address _manager) internal {
// Call to EndaomentAuth's initialize function ensures that this can't be called again
__initEndaomentAuth(_registry, bytes20(bytes.concat("entity", bytes1(entityType()))));
__initReentrancyGuard();
registry = _registry;
manager = _manager;
baseToken = _registry.baseToken();
}
/**
* @notice Set a new manager for this entity.
* @param _manager Address of new manager.
* @dev Callable by current manager or permissioned role.
*/
function setManager(address _manager) external virtual requiresManager {
emit EntityManagerSet(manager, _manager);
manager = _manager;
}
/**
* @notice Receives a donated amount of base tokens to be added to the entity's balance. Transfers default fee to treasury.
* @param _amount Amount donated in base token.
* @dev Reverts if the donation fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
* @dev Reverts if the token transfer fails.
*/
function donate(uint256 _amount) external virtual {
uint32 _feeMultiplier = registry.getDonationFee(this);
_donateWithFeeMultiplier(_amount, _feeMultiplier);
}
/**
* @notice Receives a donated amount of base tokens to be added to the entity's balance. Transfers default or overridden fee to treasury.
* @param _amount Amount donated in base token.
* @dev Reverts if the donation fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
* @dev Reverts if the token transfer fails.
*/
function donateWithOverrides(uint256 _amount) external virtual {
uint32 _feeMultiplier = registry.getDonationFeeWithOverrides(this);
_donateWithFeeMultiplier(_amount, _feeMultiplier);
}
/**
* @notice Receives a donated amount of base tokens to be added to the entity's balance.
* This method can be called by permissioned actors to make a donation with a manually specified fee.
* @param _amount Amount donated in base token.
* @param _feeOverride Fee percentage as zoc.
* @dev Reverts if the transfer fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
* @dev Reverts if the token transfer fails.
* @dev Reverts with `Unauthorized` if the `msg.sender` is not a privileged role.
*/
function donateWithAdminOverrides(uint256 _amount, uint32 _feeOverride) external virtual requiresAuth {
_donateWithFeeMultiplier(_amount, _feeOverride);
}
/**
* @notice Receives a donated amount of base tokens to be added to the entity's balance. Transfers fee calculated by fee multiplier to treasury.
* @param _amount Amount donated in base token.
* @param _feeMultiplier Value indicating the percentage of the Endaoment donation fee to go to the Endaoment treasury.
* @dev Reverts if the donation fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
* @dev Reverts if the token transfer fails.
*/
function _donateWithFeeMultiplier(uint256 _amount, uint32 _feeMultiplier) internal virtual {
(uint256 _netAmount, uint256 _fee) = _calculateFee(_amount, _feeMultiplier);
baseToken.safeTransferFrom(msg.sender, registry.treasury(), _fee);
baseToken.safeTransferFrom(msg.sender, address(this), _netAmount);
unchecked {
// unchecked as no possibility of overflow with baseToken precision
balance += _netAmount;
}
emit EntityDonationReceived(msg.sender, address(this), address(baseToken), _amount, _amount, _fee);
}
/**
* @notice Receive a donated amount of ETH or ERC20 tokens, swaps them to base tokens, and adds the output to the
* entity's balance. Fee calculated using default rate and sent to treasury.
* @param _swapWrapper The swap wrapper to use for the donation. Must be whitelisted on the Registry.
* @param _tokenIn The address of the ERC20 token to swap and donate, or ETH_PLACEHOLDER if donating ETH.
* @param _amountIn The amount of tokens or ETH being swapped and donated.
* @param _data Additional call data required by the ISwapWrapper being used.
*/
function swapAndDonate(ISwapWrapper _swapWrapper, address _tokenIn, uint256 _amountIn, bytes calldata _data)
external
payable
virtual
{
uint32 _feeMultiplier = registry.getDonationFee(this);
_swapAndDonateWithFeeMultiplier(_swapWrapper, _tokenIn, _amountIn, _data, _feeMultiplier);
}
/**
* @notice Receive a donated amount of ETH or ERC20 tokens, swaps them to base tokens, and adds the output to the
* entity's balance. Fee calculated using override rate and sent to treasury.
* @param _swapWrapper The swap wrapper to use for the donation. Must be whitelisted on the Registry.
* @param _tokenIn The address of the ERC20 token to swap and donate, or ETH_PLACEHOLDER if donating ETH.
* @param _amountIn The amount of tokens or ETH being swapped and donated.
* @param _data Additional call data required by the ISwapWrapper being used.
*/
function swapAndDonateWithOverrides(
ISwapWrapper _swapWrapper,
address _tokenIn,
uint256 _amountIn,
bytes calldata _data
) external payable virtual {
uint32 _feeMultiplier = registry.getDonationFeeWithOverrides(this);
_swapAndDonateWithFeeMultiplier(_swapWrapper, _tokenIn, _amountIn, _data, _feeMultiplier);
}
/// @dev Internal helper implementing swap and donate functionality for any fee multiplier provided.
function _swapAndDonateWithFeeMultiplier(
ISwapWrapper _swapWrapper,
address _tokenIn,
uint256 _amountIn,
bytes calldata _data,
uint32 _feeMultiplier
) internal virtual nonReentrant {
if (!registry.isSwapperSupported(_swapWrapper)) revert InvalidAction();
// THINK: do we need a re-entrancy guard on this method?
if (_tokenIn != ETH_PLACEHOLDER) {
ERC20(_tokenIn).safeTransferFrom(msg.sender, address(this), _amountIn);
ERC20(_tokenIn).safeApprove(address(_swapWrapper), 0);
ERC20(_tokenIn).safeApprove(address(_swapWrapper), _amountIn);
}
uint256 _amountOut =
_swapWrapper.swap{value: msg.value}(_tokenIn, address(baseToken), address(this), _amountIn, _data);
(uint256 _netAmount, uint256 _fee) = _calculateFee(_amountOut, _feeMultiplier);
baseToken.safeTransfer(registry.treasury(), _fee);
unchecked {
// unchecked as no possibility of overflow with baseToken precision
balance += _netAmount;
}
if (balance > baseToken.balanceOf(address(this))) revert BalanceMismatch();
emit EntityDonationReceived(msg.sender, address(this), _tokenIn, _amountIn, _amountOut, _fee);
}
/**
* @notice Transfers an amount of base tokens from one entity to another. Transfers default fee to treasury.
* @param _to The entity to receive the tokens.
* @param _amount Contains the amount being donated (denominated in the base token's units).
* @dev Reverts if the entity is inactive or if the token transfer fails.
* @dev Reverts if the transfer fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
* @dev Reverts with `Unauthorized` if the `msg.sender` is not the entity manager or a privileged role.
* @dev Renamed from `transfer` to distinguish from ERC20 transfer in 3rd party tools.
*/
function transferToEntity(Entity _to, uint256 _amount) external virtual requiresManager {
uint32 _feeMultiplier = registry.getTransferFee(this, _to);
_transferWithFeeMultiplier(_to, _amount, _feeMultiplier);
}
/**
* @notice Transfers an amount of base tokens from one entity to another. Transfers default or overridden fee to treasury.
* @param _to The entity to receive the tokens.
* @param _amount Contains the amount being donated (denominated in the base token's units).
* @dev Reverts if the entity is inactive or if the token transfer fails.
* @dev Reverts if the transfer fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
* @dev Reverts with `Unauthorized` if the `msg.sender` is not the entity manager or a privileged role.
*/
function transferToEntityWithOverrides(Entity _to, uint256 _amount) external virtual requiresManager {
uint32 _feeMultiplier = registry.getTransferFeeWithOverrides(this, _to);
_transferWithFeeMultiplier(_to, _amount, _feeMultiplier);
}
/**
* @notice Transfers an amount of base tokens from one entity to another. Transfers fee specified by a privileged role.
* @param _to The entity to receive the tokens.
* @param _amount Contains the amount being donated (denominated in the base token's units).
* @param _feeOverride Admin override configured by an Admin
* @dev Reverts if the entity is inactive or if the token transfer fails.
* @dev Reverts if the transfer fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
* @dev Reverts with `Unauthorized` if the `msg.sender` is not a privileged role.
*/
function transferToEntityWithAdminOverrides(Entity _to, uint256 _amount, uint32 _feeOverride)
external
virtual
requiresAuth
{
_transferWithFeeMultiplier(_to, _amount, _feeOverride);
}
/**
* @notice Transfers an amount of base tokens from one entity to another. Transfers fee calculated by fee multiplier to treasury.
* @param _to The entity to receive the tokens.
* @param _amount Contains the amount being donated (denominated in the base token's units).
* @param _feeMultiplier Value indicating the percentage of the Endaoment donation fee to go to the Endaoment treasury.
* @dev Reverts with 'Inactive' if the entity sending the transfer or the entity receiving the transfer is inactive.
* @dev Reverts if the transfer fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
* @dev Reverts with `Unauthorized` if the `msg.sender` is not the entity manager or a privileged role.
* @dev Reverts if the token transfer fails.
*/
function _transferWithFeeMultiplier(Entity _to, uint256 _amount, uint32 _feeMultiplier) internal virtual {
if (!registry.isActiveEntity(this) || !registry.isActiveEntity(_to)) revert EntityInactive();
if (balance < _amount) revert InsufficientFunds();
(uint256 _netAmount, uint256 _fee) = _calculateFee(_amount, _feeMultiplier);
baseToken.safeTransfer(registry.treasury(), _fee);
baseToken.safeTransfer(address(_to), _netAmount);
unchecked {
// unchecked as no possibility of overflow with baseToken precision
balance -= _amount;
_to.receiveTransfer(_netAmount);
}
emit EntityValueTransferred(address(this), address(_to), _amount, _fee);
}
/**
* @notice Updates the receiving entity balance on a transfer.
* @param _transferAmount The amount being received on the transfer.
* @dev This function is external, but is restricted such that it can only be called by other entities.
*/
function receiveTransfer(uint256 _transferAmount) external virtual {
if (!registry.isActiveEntity(Entity(payable(msg.sender)))) revert EntityInactive();
unchecked {
// Cannot overflow with realistic balances.
balance += _transferAmount;
}
}
/**
* @notice Deposits an amount of Entity's `baseToken` into an Endaoment-approved Portfolio.
* @param _portfolio An Endaoment-approved portfolio.
* @param _amount Amount of `baseToken` to deposit into the portfolio.
* @param _data Data required by a portfolio to deposit.
* @return _shares Amount of portfolio share tokens Entity received as a result of this deposit.
*/
function portfolioDeposit(Portfolio _portfolio, uint256 _amount, bytes calldata _data)
external
virtual
requiresManager
returns (uint256)
{
if (!registry.isActivePortfolio(_portfolio)) revert PortfolioInactive();
balance -= _amount;
baseToken.safeApprove(address(_portfolio), _amount);
uint256 _shares = _portfolio.deposit(_amount, _data);
emit EntityDeposit(address(_portfolio), _amount, _shares);
return _shares;
}
/**
* @notice Redeems an amount of Entity's portfolio shares for an amount of `baseToken`.
* @param _portfolio An Endaoment-approved portfolio.
* @param _shares Amount of share tokens to redeem.
* @param _data Data required by a portfolio to redeem.
* @return _received Amount of `baseToken` Entity received as a result of this redemption.
*/
function portfolioRedeem(Portfolio _portfolio, uint256 _shares, bytes calldata _data)
external
virtual
requiresManager
returns (uint256)
{
if (!registry.isActivePortfolio(_portfolio)) revert PortfolioInactive();
uint256 _received = _portfolio.redeem(_shares, _data);
// unchecked: a realistic balance can never overflow a uint256
unchecked {
balance += _received;
}
emit EntityRedeem(address(_portfolio), _shares, _received);
return _received;
}
/**
* @notice This method should be called to reconcile the Entity's internal baseToken accounting with the baseToken contract's accounting.
* There are a 2 situations where calling this method is appropriate:
* 1. To process amounts of baseToken that arrived at this Entity through methods besides Entity:donate or Entity:transfer. For example,
* if this Entity receives a normal ERC20 transfer of baseToken, the amount received will be unavailable for Entity use until this method
* is called to adjust the balance and process fees. OrgFundFactory.sol:_donate makes use of this method to do this as well.
* 2. Unusually, the Entity's perspective of balance could be lower than `baseToken.balanceOf(this)`. This could happen if
* Entity:callAsEntity is used to transfer baseToken. In this case, this method provides a way of correcting the Entity's internal balance.
*/
function reconcileBalance() external virtual {
uint256 _tokenBalance = baseToken.balanceOf(address(this));
if (_tokenBalance >= balance) {
uint256 _sweepAmount = _tokenBalance - balance;
uint32 _feeMultiplier = registry.getDonationFeeWithOverrides(this);
(uint256 _netAmount, uint256 _fee) = _calculateFee(_sweepAmount, _feeMultiplier);
baseToken.safeTransfer(registry.treasury(), _fee);
unchecked {
balance += _netAmount;
}
emit EntityBalanceReconciled(address(this), _sweepAmount, _fee);
} else {
// Handle abnormal scenario where _tokenBalance < balance (see method docs)
balance = _tokenBalance;
emit EntityBalanceCorrected(address(this), _tokenBalance);
}
}
/**
* @notice Takes stray tokens or ETH sent directly to this Entity, swaps them for base token, then adds them to the
* Entity's balance after paying the appropriate fee to the treasury.
* @param _swapWrapper The swap wrapper to use to convert the assets. Must be whitelisted on the Registry.
* @param _tokenIn The address of the ERC20 token to swap, or ETH_PLACEHOLDER if ETH.
* @param _amountIn The amount of tokens or ETH being swapped and added to the balance.
* @param _data Additional call data required by the ISwapWrapper being used.
*/
function swapAndReconcileBalance(
ISwapWrapper _swapWrapper,
address _tokenIn,
uint256 _amountIn,
bytes calldata _data
) external virtual nonReentrant requiresManager {
if (!registry.isSwapperSupported(_swapWrapper)) revert InvalidAction();
uint32 _feeMultiplier = registry.getDonationFeeWithOverrides(this);
if (_tokenIn != ETH_PLACEHOLDER) {
ERC20(_tokenIn).safeApprove(address(_swapWrapper), 0);
ERC20(_tokenIn).safeApprove(address(_swapWrapper), _amountIn);
}
// Send value only if token in is ETH
uint256 _value = _tokenIn == ETH_PLACEHOLDER ? _amountIn : 0;
uint256 _amountOut =
_swapWrapper.swap{value: _value}(_tokenIn, address(baseToken), address(this), _amountIn, _data);
(uint256 _netAmount, uint256 _fee) = _calculateFee(_amountOut, _feeMultiplier);
baseToken.safeTransfer(registry.treasury(), _fee);
unchecked {
// unchecked as no possibility of overflow with baseToken precision
balance += _netAmount;
}
if (balance > baseToken.balanceOf(address(this))) revert BalanceMismatch();
emit EntityBalanceReconciled(address(this), _amountOut, _fee);
}
/**
* @notice Permissioned method that allows Endaoment admin to make arbitrary calls acting as this Entity.
* @param _target The address to which the call will be made.
* @param _value The ETH value that should be forwarded with the call.
* @param _data The calldata that will be sent with the call.
* @return _return The data returned by the call.
*/
function callAsEntity(address _target, uint256 _value, bytes memory _data)
external
payable
virtual
requiresAuth
returns (bytes memory)
{
(bool _success, bytes memory _response) = payable(_target).call{value: _value}(_data);
if (!_success) revert CallFailed(_response);
return _response;
}
/**
* @notice Pays out an amount of base tokens from the entity to an address. Transfers the fee calculated by the
* default fee multiplier to the treasury.
* @param _to The address to receive the tokens.
* @param _amount Amount donated in base token.
* @dev Reverts with `Unauthorized` if the `msg.sender` is not a privileged role.
* @dev Reverts if the fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
* @dev Reverts if the token transfer fails.
*/
function payout(address _to, uint256 _amount) external virtual requiresAuth {
uint32 _feeMultiplier = registry.getPayoutFee(this);
_payoutWithFeeMultiplier(_to, _amount, _feeMultiplier);
}
/**
* @notice Pays out an amount of base tokens from the entity to an address. Transfers the fee calculated by the
* default fee multiplier to the treasury.
* @param _amount Amount donated in base token.
* @dev Reverts with `Unauthorized` if the `msg.sender` is not a privileged role.
* @dev Reverts if the fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
* @dev Reverts if the token transfer fails.
*/
function payoutWithOverrides(address _to, uint256 _amount) external virtual requiresAuth {
uint32 _feeMultiplier = registry.getPayoutFeeWithOverrides(this);
_payoutWithFeeMultiplier(_to, _amount, _feeMultiplier);
}
/**
* @notice Pays out an amount of base tokens from the entity to an address. Transfers fee specified by a privileged role.
* @param _amount Amount donated in base token.
* @param _feeOverride Payout override configured by an Admin
* @dev Reverts with `Unauthorized` if the `msg.sender` is not a privileged role.
* @dev Reverts if the fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
* @dev Reverts if the token transfer fails.
*/
function payoutWithAdminOverrides(address _to, uint256 _amount, uint32 _feeOverride)
external
virtual
requiresAuth
{
_payoutWithFeeMultiplier(_to, _amount, _feeOverride);
}
/**
* @notice Pays out an amount of base tokens from the entity to an address. Transfers the fee calculated by fee multiplier to the treasury.
* @param _to The address to receive the tokens.
* @param _amount Contains the amount being paid out (denominated in the base token's units).
* @param _feeMultiplier Value indicating the percentage of the Endaoment fee to go to the Endaoment treasury.
* @dev Reverts if the token transfer fails.
* @dev Reverts if the fee percentage is larger than 100% (equal to 1e4 when represented as a zoc).
*/
function _payoutWithFeeMultiplier(address _to, uint256 _amount, uint32 _feeMultiplier) internal virtual {
if (balance < _amount) revert InsufficientFunds();
(uint256 _netAmount, uint256 _fee) = _calculateFee(_amount, _feeMultiplier);
baseToken.safeTransfer(registry.treasury(), _fee);
baseToken.safeTransfer(address(_to), _netAmount);
unchecked {
// unchecked because we've already validated that amount is less than or equal to the balance
balance -= _amount;
}
emit EntityValuePaidOut(address(this), _to, _amount, _fee);
}
/// @dev Internal helper method to calculate the fee on a base token amount for a given fee multiplier.
function _calculateFee(uint256 _amount, uint256 _feeMultiplier)
internal
pure
virtual
returns (uint256 _netAmount, uint256 _fee)
{
if (_feeMultiplier > Math.ZOC) revert InvalidAction();
unchecked {
// unchecked as no possibility of overflow with baseToken precision
_fee = _amount.zocmul(_feeMultiplier);
// unchecked as the _feeMultiplier check with revert above protects against overflow
_netAmount = _amount - _fee;
}
}
receive() external payable virtual {
emit EntityEthReceived(msg.sender, msg.value);
}
}
//SPDX-License-Identifier: BSD 3-Clause
pragma solidity >=0.8.0;
import {EndaomentAuth} from "./lib/auth/EndaomentAuth.sol";
import {Registry} from "./Registry.sol";
import {Entity} from "./Entity.sol";
import {Portfolio} from "./Portfolio.sol";
import {ERC20} from "solmate/tokens/ERC20.sol";
import "solmate/utils/SafeTransferLib.sol";
/**
* @notice An Endaoment ecosystem contract capabale of transfering base tokens to Endaoment entities, updating their balances without triggering fees or emitting misleading events.
* @dev This is due to this contract being enabled as a valid entity on the `Registry` and capable of calling `receiveTransfer` on entities.
*/
contract EntityBaseTokenTransferor is EndaomentAuth {
using SafeTransferLib for ERC20;
/// STRUCTS
struct EntityTransfer {
Entity entity;
uint256 amount;
}
/// STATE
/// @notice The Endaoment registry contract
Registry public immutable registry;
/// ERRORS
/// @notice Error when the transfer destination isn't a valid and enabled Endaoment entity.
error InvalidEntity();
/// @notice Error when the transfer source isn't a valid and enabled Endaoment portfolio.
error InvalidPortfolio();
/// @notice Error when a call to another contract fails.
error CallFailed(bytes response);
/// EVENTS
/// @notice Emitted when a transfer is made to an Endaoment entity.
event TransferredToEntity(address indexed from, Entity indexed entity, uint256 amount);
/**
* @param _registry The Endaoment registry contract
*/
constructor(Registry _registry) {
__initEndaomentAuth(_registry, "");
registry = _registry;
}
/**
* Modifier to only allow valid and active Endaoment entities as transfer destinations.
* @param _entity The attempted entity
*/
modifier isActiveEntity(Entity _entity) {
_checkEntity(_entity);
_;
}
/**
* Modifier to only allow valid and active Endaoment portfolios as callers.
*/
modifier isActivePortfolioCaller() {
if (!registry.isActivePortfolio(Portfolio(msg.sender))) revert InvalidPortfolio();
_;
}
/**
* Check if an entity is valid and active
* @param _entity The entity to check
*/
function _checkEntity(Entity _entity) private view {
if (!registry.isActiveEntity(_entity)) revert InvalidEntity();
}
/**
* Transfer base token from caller and consolidate balance of the Endaoment entity.
* @param _entity The entity to transfer to.
* @param _amount The amount to transfer.
* @notice This functions exists so Endaoment admins can transfer arbitrary amounts of base tokens to entities without triggering fees.
* @dev Caller must pre `approve` this contract to transfer the desired amount.
*/
function transferFromCaller(Entity _entity, uint256 _amount) external requiresAuth isActiveEntity(_entity) {
_transferToEntity(msg.sender, _entity, _amount);
}
/**
* Batch transfer base token from caller and consolidate balance of the receiving Endaoment entities.
* @param _entityTransfers The entity transfers to make.
* @notice This functions exists so Endaoment admins can transfer arbitrary amounts of base tokens to entities without triggering fees.
* @dev Caller must pre `approve` this contract to transfer the desired amount.
*/
function batchTransferFromCaller(EntityTransfer[] calldata _entityTransfers) external requiresAuth {
for (uint256 i = 0; i < _entityTransfers.length; ++i) {
EntityTransfer memory _transfer = _entityTransfers[i];
_checkEntity(_transfer.entity);
_transferToEntity(msg.sender, _transfer.entity, _transfer.amount);
}
}
/**
* Transfer base token from an Endaoment portfolio to an Endaoment entity.
* @param _entity The entity to transfer to.
* @param _amount The amount to transfer.
* @notice This functions exists so Endaoment portfolios can transfer arbitrary amounts of base tokens to entities without triggering fees.
* An example of this use case is for T+N portfolios and their async nature of transferring base tokens back to entities on sale consolidation.
* @dev This function is only callable by active Endaoment portfolios.
* @dev Portfolio caller must pre `approve` this contract to transfer the desired amount.
*/
function transferFromPortfolio(Entity _entity, uint256 _amount)
external
isActivePortfolioCaller
isActiveEntity(_entity)
{
_transferToEntity(msg.sender, _entity, _amount);
}
/**
* Batch transfer base token from an Endaoment portfolio to Endaoment entities.
* @param _entityTransfers The entity transfers to make.
* @notice This functions exists so Endaoment portfolios can transfer arbitrary amounts of base tokens to entities without triggering fees.
* @dev This function is only callable by active Endaoment portfolios.
* @dev Portfolio caller must pre `approve` this contract to transfer the desired amount.
*/
function batchTransferFromPortfolio(EntityTransfer[] calldata _entityTransfers) external isActivePortfolioCaller {
for (uint256 i = 0; i < _entityTransfers.length; ++i) {
EntityTransfer memory _transfer = _entityTransfers[i];
_checkEntity(_transfer.entity);
_transferToEntity(msg.sender, _transfer.entity, _transfer.amount);
}
}
/**
* Transfer base token to an Endaoment entity.
* @param _from The address to transfer from.
* @param _entity The entity to transfer to.
* @param _amount The amount to transfer.
*/
function _transferToEntity(address _from, Entity _entity, uint256 _amount) private {
// Emit event
emit TransferredToEntity(_from, _entity, _amount);
// Update entity balance through receiving
_entity.receiveTransfer(_amount);
// Transfer to entity, transferring from approved balance from the caller
registry.baseToken().safeTransferFrom(_from, address(_entity), _amount);
}
/**
* Make arbitrary calls to other contracts as this contract.
* @param _target The target contract.
* @param _value The ETH value to send.
* @param _data The calldata.
* @return _response The response from the call.
* @notice This function exists so Endaoment admins can make arbitrary calls to other contracts as this contract, specially if to unlock incorrectly sent assets.
*/
function callAsContract(address _target, uint256 _value, bytes memory _data)
external
payable
requiresAuth
returns (bytes memory)
{
(bool _success, bytes memory _response) = payable(_target).call{value: _value}(_data);
if (!_success) revert CallFailed(_response);
return _response;
}
}
//SPDX-License-Identifier: BSD 3-Clause
pragma solidity >=0.8.0;
error ETHAmountInMismatch();
/**
* @notice ISwapWrapper is the interface that all swap wrappers should implement.
* This will be used to support swap protocols like Uniswap V2 and V3, Sushiswap, 1inch, etc.
*/
interface ISwapWrapper {
/// @notice Event emitted after a successful swap.
event WrapperSwapExecuted(
address indexed tokenIn,
address indexed tokenOut,
address sender,
address indexed recipient,
uint256 amountIn,
uint256 amountOut
);
/// @notice Name of swap wrapper for UX readability.
function name() external returns (string memory);
/**
* @notice Swap function. Generally we expect the implementer to call some exactAmountIn-like swap method, and so the documentation
* is written with this in mind. However, the method signature is general enough to support exactAmountOut swaps as well.
* @param _tokenIn Token to be swapped (or 0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE for ETH).
* @param _tokenOut Token to receive (or 0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE for ETH).
* @param _recipient Receiver of `_tokenOut`.
* @param _amount Amount of `_tokenIn` that should be swapped.
* @param _data Additional data that the swap wrapper may require to execute the swap.
* @return Amount of _tokenOut received.
*/
function swap(address _tokenIn, address _tokenOut, address _recipient, uint256 _amount, bytes calldata _data)
external
payable
returns (uint256);
}
// SPDX-License-Identifier: BSD 3-Clause
pragma solidity 0.8.13;
library Math {
uint256 internal constant ZOC = 1e4;
/**
* @dev Multiply 2 numbers where at least one is a zoc, return product in original units of the other number.
*/
function zocmul(uint256 x, uint256 y) internal pure returns (uint256 z) {
z = x * y;
unchecked {
z /= ZOC;
}
}
// Below is WAD math from solmate's FixedPointMathLib.
// https://github.com/Rari-Capital/solmate/blob/c8278b3cb948cffda3f1de5a401858035f262060/src/utils/FixedPointMathLib.sol
uint256 internal constant WAD = 1e18; // The scalar of ETH and most ERC20s.
function mulWadDown(uint256 x, uint256 y) internal pure returns (uint256) {
return mulDivDown(x, y, WAD); // Equivalent to (x * y) / WAD rounded down.
}
function divWadDown(uint256 x, uint256 y) internal pure returns (uint256) {
return mulDivDown(x, WAD, y); // Equivalent to (x * WAD) / y rounded down.
}
// For tokens with 6 decimals like USDC, these scale by 1e6 (one million).
function mulMilDown(uint256 x, uint256 y) internal pure returns (uint256) {
return mulDivDown(x, y, 1e6); // Equivalent to (x * y) / 1e6 rounded down.
}
function divMilDown(uint256 x, uint256 y) internal pure returns (uint256) {
return mulDivDown(x, 1e6, y); // Equivalent to (x * 1e6) / y rounded down.
}
/*//////////////////////////////////////////////////////////////
LOW LEVEL FIXED POINT OPERATIONS
//////////////////////////////////////////////////////////////*/
function mulDivDown(uint256 x, uint256 y, uint256 denominator) internal pure returns (uint256 z) {
assembly {
// Store x * y in z for now.
z := mul(x, y)
// Equivalent to require(denominator != 0 && (x == 0 || (x * y) / x == y))
if iszero(and(iszero(iszero(denominator)), or(iszero(x), eq(div(z, x), y)))) { revert(0, 0) }
// Divide z by the denominator.
z := div(z, denominator)
}
}
}
//SPDX-License-Identifier: BSD 3-Clause
pragma solidity >=0.8.0;
import {ReentrancyGuard} from "solmate/utils/ReentrancyGuard.sol";
import {ERC20} from "solmate/tokens/ERC20.sol";
import {SafeTransferLib} from "solmate/utils/SafeTransferLib.sol";
import {Registry} from "./Registry.sol";
import {Entity} from "./Entity.sol";
import {EndaomentAuth} from "./lib/auth/EndaomentAuth.sol";
import {Math} from "./lib/Math.sol";
abstract contract Portfolio is ERC20, EndaomentAuth, ReentrancyGuard {
using Math for uint256;
using SafeTransferLib for ERC20;
Registry public immutable registry;
bool public immutable async;
uint256 public cap;
address public feeTreasury;
uint256 public depositFee;
uint256 public redemptionFee;
address public immutable asset;
address public immutable receiptAsset;
ERC20 public immutable baseToken;
bool public didShutdown;
uint256 public timestampAumFeesTaken;
uint256 public aumRate;
uint256 internal constant MAX_AUM_RATE = 3168808782;
error InvalidSwapper();
error InvalidRate();
error TransferDisallowed();
error DepositAfterShutdown();
error DidShutdown();
error NotEntity();
error BadCheckCapImplementation();
error ExceedsCap();
error PercentageOver100();
error RoundsToZero();
error Slippage();
error CallFailed(bytes response);
/// @notice `sender` has exchanged `assets` (after fees) for `shares`, and transferred those `shares` to `receiver`.
/// The sender paid a total of `depositAmount` and was charged `fee` for the transaction.
event Deposit(
address indexed sender,
address indexed receiver,
uint256 assets,
uint256 shares,
uint256 depositAmount,
uint256 fee
);
/// @notice `sender` has exchanged `shares` for `assets`, and transferred those `assets` to `receiver`.
/// The sender received a net of `redeemedAmount` after the conversion of `assets` into base tokens
/// and was charged `fee` for the transaction.
event Redeem(
address indexed sender,
address indexed receiver,
uint256 assets,
uint256 shares,
uint256 redeemedAmount,
uint256 fee
);
/// @notice Event emitted when `cap` is set.
event CapSet(uint256 cap);
/// @notice Event emitted when `depositFee` is set.
event DepositFeeSet(uint256 fee);
/// @notice Event emitted when `redemptionFee` is set.
event RedemptionFeeSet(uint256 fee);
/// @notice Event emitted when `feeTreasury` is set.
event FeeTreasurySet(address feeTreasury);
/// @notice Event emitted when management takes fees.
event FeesTaken(uint256 amount);
/// @notice Event emitted when AUM fees are taken.
event AumFeesTaken(uint256 feeAmount, uint256 timeDelta);
/// @notice Event emitted when `aumRate` is set.
event AumRateSet(uint256 rate);
/// @notice Event emitted when admin forcefully swaps portfolio asset balance for baseToken.
event Shutdown(uint256 assetAmount, uint256 baseTokenOut);
/**
* @param _registry Endaoment registry.
* @param _receiptAsset Address of token that the portfolio receives from a deposit.
* @param _name Name of the ERC20 Portfolio share tokens.
* @param _async Whether the portfolio is async for deposits and redeems. Typically used for T+N portfolios
* @param _symbol Symbol of the ERC20 Portfolio share tokens.
* @param _cap Amount in baseToken that value of totalAssets should not exceed.
* @param _depositFee Percentage fee as ZOC that will go to treasury on asset deposit.
* @param _redemptionFee Percentage fee as ZOC that will go to treasury on share redemption.
* @param _aumRate Percentage fee per second (as WAD) that should accrue to treasury as AUM fee. (1e16 = 1%).
*/
constructor(
Registry _registry,
address _receiptAsset,
string memory _name,
string memory _symbol,
bool _async,
uint256 _cap,
address _feeTreasury,
uint256 _depositFee,
uint256 _redemptionFee,
uint256 _aumRate
) ERC20(_name, _symbol, ERC20(_getAsset(_receiptAsset)).decimals()) {
__initEndaomentAuth(_registry, "portfolio");
registry = _registry;
async = _async;
feeTreasury = _feeTreasury;
emit FeeTreasurySet(_feeTreasury);
if (_redemptionFee > Math.ZOC) revert PercentageOver100();
redemptionFee = _redemptionFee;
emit RedemptionFeeSet(_redemptionFee);
if (_depositFee > Math.ZOC) revert PercentageOver100();
depositFee = _depositFee;
emit DepositFeeSet(_depositFee);
cap = _cap;
emit CapSet(_cap);
receiptAsset = _receiptAsset;
asset = _getAsset(_receiptAsset);
baseToken = registry.baseToken();
if (_aumRate > MAX_AUM_RATE) revert InvalidRate();
aumRate = _aumRate;
emit AumRateSet(_aumRate);
timestampAumFeesTaken = block.timestamp;
}
/**
* @notice Returns the underlying asset for the `receiptAsset`.
* @param _receiptAsset Address of token that the portfolio receives from a deposit.
* @return Address of the underlying asset.
*/
function _getAsset(address _receiptAsset) internal view virtual returns (address);
/**
* @notice Function used to determine whether an Entity is active on the registry.
* @param _entity The Entity.
*/
function _isEntity(Entity _entity) internal view returns (bool) {
return registry.isActiveEntity(_entity);
}
/**
* @notice Set the Portfolio cap.
* @param _amount Amount, denominated in baseToken.
*/
function setCap(uint256 _amount) external requiresAuth {
cap = _amount;
emit CapSet(_amount);
}
/**
* @notice Set deposit fee.
* @param _pct Percentage as ZOC (e.g. 1000 = 10%).
*/
function setDepositFee(uint256 _pct) external requiresAuth {
if (_pct > Math.ZOC) revert PercentageOver100();
depositFee = _pct;
emit DepositFeeSet(_pct);
}
/**
* @notice Set redemption fee.
* @param _pct Percentage as ZOC (e.g. 1000 = 10%).
*/
function setRedemptionFee(uint256 _pct) external requiresAuth {
if (_pct > Math.ZOC) revert PercentageOver100();
redemptionFee = _pct;
emit RedemptionFeeSet(_pct);
}
/**
* @notice Set fee treasury.
* @param _feeTreasury Address of the treasury that should receive fees.
*
*/
function setFeeTreasury(address _feeTreasury) external requiresAuth {
feeTreasury = _feeTreasury;
emit FeeTreasurySet(_feeTreasury);
}
/**
* @notice Set AUM rate.
* @param _pct Percentage *per second* as WAD (e.g. .01e18 / 365.25 days = 1% per year).
*/
function setAumRate(uint256 _pct) external requiresAuth {
// check to make sure _pct isn't above 10% over a year (.1e18 / 365.25 days = 3168808782 per second)
if (_pct > MAX_AUM_RATE) revert InvalidRate();
takeAumFees();
aumRate = _pct;
emit AumRateSet(_pct);
}
/**
* @notice Total amount of the underlying asset that is managed by the Portfolio.
* @return Total amount of the underlying asset.
*/
function totalAssets() public view returns (uint256) {
return convertReceiptAssetsToAssets(totalReceiptAssets());
}
/**
* @notice Total amount of the receipt asset that is managed by the Portfolio.
* @return Total amount of the receipt asset.
*/
function totalReceiptAssets() public view returns (uint256) {
return ERC20(receiptAsset).balanceOf(address(this));
}
/**
* @notice Calculates the equivalent amount of assets for the given amount of receipt assets.
* @param _receiptAssets Amount of receipt assets to convert.
* @return Amount of assets.
*/
function convertReceiptAssetsToAssets(uint256 _receiptAssets) public view virtual returns (uint256);
/**
* @notice Takes some amount of receipt assets from this portfolio as management fee.
* @param _amountReceiptAssets Amount of receipt assets to take.
*/
function takeFees(uint256 _amountReceiptAssets) external requiresAuth {
ERC20(receiptAsset).safeTransfer(feeTreasury, _amountReceiptAssets);
emit FeesTaken(_amountReceiptAssets);
}
/**
* @notice Takes accrued percentage of assets from this portfolio as AUM fee.
*/
function takeAumFees() public {
if (didShutdown) return _takeAumFeesShutdown();
uint256 _totalReceiptAssets = totalReceiptAssets();
uint256 _period = block.timestamp - timestampAumFeesTaken;
uint256 _feeAmount = _calculateAumFee(_totalReceiptAssets, _period);
if (_feeAmount > _totalReceiptAssets) _feeAmount = _totalReceiptAssets;
if (_feeAmount > 0 || totalSupply == 0) {
// in either case, we want to set `timestampAumFeesTaken`...
timestampAumFeesTaken = block.timestamp;
// but we only want to transfer/emit on non-zero amount
if (_feeAmount > 0) {
ERC20(receiptAsset).safeTransfer(feeTreasury, _feeAmount);
emit AumFeesTaken(_feeAmount, _period);
}
}
}
/**
* @notice Takes accrued percentage of post-shutdown baseToken from this portfolio as AUM fee.
*/
function _takeAumFeesShutdown() internal {
uint256 _totalAssets = baseToken.balanceOf(address(this));
uint256 _period = block.timestamp - timestampAumFeesTaken;
uint256 _feeAmount = _calculateAumFee(_totalAssets, _period);
if (_feeAmount > _totalAssets) _feeAmount = _totalAssets;
// in `takeAumFees`, the following conditional checks totalSupply as well, solving a first deposit corner case.
// In this case, we don't need to check, because deposits aren't allowed after shutdown.
if (_feeAmount > 0) {
timestampAumFeesTaken = block.timestamp;
baseToken.safeTransfer(feeTreasury, _feeAmount);
emit AumFeesTaken(_feeAmount, _period);
}
}
/**
* @notice Exchange `_amountBaseToken` for some amount of Portfolio shares.
* @param _amountBaseToken The amount of the Entity's baseToken to deposit.
* @param _data Data that the portfolio needs to make the deposit. In some cases, this will be swap parameters.
* The first 32 bytes of this data should be the ABI-encoded `minSharesOut`.
* @return shares The amount of shares that this deposit yields to the Entity.
* @dev If the portfolio is `async`, shares will not be minted on deposit. Instead, each async
* portfolio will have a unique implementation that will handle the minting of those shares
* elsewhere e.g. T+N portfolios perform minting in consolidations.
*/
function deposit(uint256 _amountBaseToken, bytes calldata _data) external nonReentrant returns (uint256) {
// All portfolios should revert on deposit after shutdown
if (didShutdown) revert DepositAfterShutdown();
// All portfolios should revert on a deposit from a non-entity (or inactive one)
if (!_isEntity(Entity(payable(msg.sender)))) revert NotEntity();
// All portfolios should take AUM fees
takeAumFees();
// All portfolios should make a deposit
// All transferring of baseToken and share calculation should occur inside _deposit
// TODO: move fee taking logic here instead of `_deposit` for all portfolios and update tests
(uint256 _shares, uint256 _assets, uint256 _fee) = _deposit(_amountBaseToken, _data);
// Only sync portfolios require minting and share amount checking on deposit
if (!async) {
if (_shares < abi.decode(_data, (uint256))) revert Slippage();
if (_shares == 0) revert RoundsToZero();
// mint shares
_mint(msg.sender, _shares);
}
// And check cap
_checkCap();
// And emit an event
emit Deposit(msg.sender, msg.sender, _assets, _shares, _amountBaseToken, _fee);
return _shares;
}
/**
* @notice Check to make sure the cap has not been exceeded.
* @dev Most portfolios have the same asset and baseToken, so the _checkCap implementation here is written to accomodate
* that situation. For portfolios where that is not the case, this method needs to be overwritten to ensure the cap
* (denominated in baseToken) is properly compared to the number of assets.
*/
function _checkCap() internal virtual {
if (asset != address(baseToken)) revert BadCheckCapImplementation();
if (totalAssets() > cap) revert ExceedsCap();
}
/**
* @notice Exchange `_amountIn` for some amount of Portfolio shares.
* @dev Should include the transferring of baseToken and conversion to shares.
* @param _amountIn The amount of the Entity's baseToken to deposit.
* @param _data Data that the portfolio needs to make the deposit. In some cases, this will be swap parameters.
* @return shares The amount of shares that this deposit yields to the Entity.
* @return assets The amount of assets that this deposit yields to the portfolio.
* @return fee The baseToken fee that this deposit yields to the treasury.
*/
function _deposit(uint256 _amountIn, bytes calldata _data)
internal
virtual
returns (uint256 shares, uint256 assets, uint256 fee);
/**
* @notice Exchange `_amountShares` for some amount of baseToken.
* @param _amountShares The amount of the Entity's portfolio shares to exchange.
* @param _data Data that the portfolio needs to make the redemption. In some cases, this will be swap parameters.
* @return baseTokenOut The amount of baseToken that this redemption yields to the Entity.
*/
function redeem(uint256 _amountShares, bytes calldata _data)
external
nonReentrant
returns (uint256 /* baseTokenOut */ )
{
// All redeems should take AUM fees
takeAumFees();
// All portfolios should handle redemption after shutdown
if (didShutdown) return _redeemShutdown(_amountShares);
// All portfolios should handle the actual redeem of shares
(uint256 _assetsOut, uint256 _baseTokenOut) = _redeem(_amountShares, _data);
// All portfolios should burn the redeemed shares from the caller
_burn(msg.sender, _amountShares);
// Portfolios must signal amount of assets being redeemed, which must be non-zero
if (_assetsOut == 0) revert RoundsToZero();
// Any portfolio that outputs base token should transfer to caller and charge fee for treasury
uint256 _netAmount;
uint256 _fee;
if (_baseTokenOut > 0) {
(_netAmount, _fee) = _calculateFee(_baseTokenOut, redemptionFee);
baseToken.safeTransfer(feeTreasury, _fee);
baseToken.safeTransfer(msg.sender, _netAmount);
}
// And emit an event
emit Redeem(msg.sender, msg.sender, _assetsOut, _amountShares, _netAmount, _fee);
return _netAmount;
}
/**
* @notice Exchange `_amountShares` for some amount of Portfolio assets.
* @param _amountShares The amount of portfolio shares to exchange.
* @param _data Data that the portfolio needs to redeem the assets. In some cases, this will be swap parameters.
* @return assetsOut The amount of assets that this redemption yielded (and then converted to baseToken).
* @return baseTokenOut Amount in baseToken to which these assets were converted.
*/
function _redeem(uint256 _amountShares, bytes calldata _data)
internal
virtual
returns (uint256 assetsOut, uint256 baseTokenOut);
/**
* @notice Handles redemption after shutdown, exchanging shares for baseToken.
* @param _amountShares Shares being redeemed.
* @return Amount of baseToken received.
*/
function _redeemShutdown(uint256 _amountShares) internal returns (uint256) {
uint256 _baseTokenOut = convertToAssetsShutdown(_amountShares);
_burn(msg.sender, _amountShares);
(uint256 _netAmount, uint256 _fee) = _calculateFee(_baseTokenOut, redemptionFee);
baseToken.safeTransfer(feeTreasury, _fee);
baseToken.safeTransfer(msg.sender, _netAmount);
emit Redeem(msg.sender, msg.sender, _baseTokenOut, _amountShares, _netAmount, _fee);
return _netAmount;
}
/**
* @notice Calculates the amount of shares that the Portfolio should exchange for the amount of assets provided.
* @param _assets Amount of assets.
* @return Amount of shares.
*/
function convertToShares(uint256 _assets) public view returns (uint256) {
uint256 _supply = totalSupply; // Saves an extra SLOAD if totalSupply is non-zero.
return _supply == 0 ? _assets : _assets.mulDivDown(_supply, totalAssets());
}
/**
* @notice Calculates the amount of assets that the Portfolio should exchange for the amount of shares provided.
* @param _shares Amount of shares.
* @return Amount of assets.
*/
function convertToAssets(uint256 _shares) public view returns (uint256) {
uint256 _supply = totalSupply; // Saves an extra SLOAD if totalSupply is non-zero.
return _supply == 0 ? _shares : _shares.mulDivDown(totalAssets(), _supply);
}
/**
* @notice Calculates the amount of baseToken that the Portfolio should exchange for the amount of shares provided.
* Used only if the Portfolio has shut down.
* @dev Rounding down here favors the portfolio, so the user gets slightly less and the portfolio gets slightly more,
* that way it prevents a situation where the user is owed x but the vault only has x - epsilon, where epsilon is
* some tiny number due to rounding error.
* @param _shares Amount of shares.
* @return Amount of baseToken.
*/
function convertToAssetsShutdown(uint256 _shares) public view returns (uint256) {
uint256 _supply = totalSupply; // Saves an extra SLOAD if totalSupply is non-zero.
return _supply == 0 ? _shares : _shares.mulDivDown(baseToken.balanceOf(address(this)), _supply);
}
/**
* @notice Exit out all assets of portfolio for baseToken. Must persist a mechanism for entities to redeem their shares for baseToken.
* @param _data Data that the portfolio needs to exit from asset. Consult the portfolio's `_exit` method to determine
* the correct format for this data.
* @return baseTokenOut The amount of baseToken that this exit yielded.
*/
function shutdown(bytes calldata _data) external requiresAuth returns (uint256 baseTokenOut) {
if (didShutdown) revert DidShutdown();
didShutdown = true;
uint256 _assetsOut = totalAssets();
// In most cases, _actualAssetsOut will equal _assetsOut, but in SingleTokenPortfolio, it may be less.
(uint256 _actualAssetsOut, uint256 _baseTokenOut) = _exit(_assetsOut, _data);
emit Shutdown(_actualAssetsOut, _baseTokenOut);
return _baseTokenOut;
}
/**
* @notice Convert some amount of asset into baseToken, either partially or fully exiting the portfolio asset.
* @dev This method is used in `redeem` and `shutdown` calls.
* @param _amount The amount of the Entity's portfolio asset to exchange.
* @param _data Data that the portfolio needs to exit from asset. In some cases, this will be swap parameters. Consult the portfolio's
* `_exit` method to determine the correct format for this data.
* @return actualAssetsOut The amount of assets that were exited. In most cases, this will be equal to `_amount`, but may differ
* by some errorMarginPct in SingleTokenPortfolio.
* @return baseTokenOut The amount of baseToken that this exit yielded.
*/
function _exit(uint256 _amount, bytes calldata _data)
internal
virtual
returns (uint256 actualAssetsOut, uint256 baseTokenOut);
/// @notice `transfer` disabled on Portfolio tokens.
function transfer(
address, // to
uint256 // amount
) public pure override returns (bool) {
revert TransferDisallowed();
}
/// @notice `transferFrom` disabled on Portfolio tokens.
function transferFrom(
address,
/* from */
address,
/* to */
uint256 /* amount */
) public pure override returns (bool) {
revert TransferDisallowed();
}
/// @notice `approve` disabled on Portfolio tokens.
function approve(
address,
/* to */
uint256 /* amount */
) public pure override returns (bool) {
revert TransferDisallowed();
}
/// @notice `permit` disabled on Portfolio tokens.
function permit(
address, /* owner */
address, /* spender */
uint256, /* value */
uint256, /* deadline */
uint8, /* v */
bytes32, /* r */
bytes32 /* s */
) public pure override {
revert TransferDisallowed();
}
/**
* @notice Permissioned method that allows Endaoment admin to make arbitrary calls acting as this Portfolio.
* @param _target The address to which the call will be made.
* @param _value The ETH value that should be forwarded with the call.
* @param _data The calldata that will be sent with the call.
* @return _return The data returned by the call.
*/
function callAsPortfolio(address _target, uint256 _value, bytes memory _data)
external
payable
requiresAuth
returns (bytes memory)
{
(bool _success, bytes memory _response) = payable(_target).call{value: _value}(_data);
if (!_success) revert CallFailed(_response);
return _response;
}
/**
* @notice Internal helper method to calculate the fee on a base token amount for a given fee multiplier.
* @param _amount Amount of baseToken.
* @param _feeMultiplier Multiplier (as zoc) to apply to the amount.
* @return _netAmount The amount of baseToken after the fee is applied.
* @return _fee The amount of baseToken to be taken as a fee.
*/
function _calculateFee(uint256 _amount, uint256 _feeMultiplier)
internal
pure
returns (uint256 _netAmount, uint256 _fee)
{
if (_feeMultiplier > Math.ZOC) revert PercentageOver100();
unchecked {
// unchecked as no possibility of overflow with baseToken precision
_fee = _amount.zocmul(_feeMultiplier);
// unchecked as the _feeMultiplier check with revert above protects against overflow
_netAmount = _amount - _fee;
}
}
/**
* @notice Helper method to calculate AUM fee based on assets and time elapsed.
* @param _totalAssets Assets over which to calculate AUM fee.
* @param _period Seconds elapsed since AUM fee was last taken.
* @dev We chose to calculate using simple interest rather than compound interest because the error was small and
* simple interest is easier to calculate, reason about, and test.
* @return _aumFee The amount of baseToken to be taken as AUM fee.
*/
function _calculateAumFee(uint256 _totalAssets, uint256 _period) internal view returns (uint256) {
if (_totalAssets == 0 || aumRate == 0 || _period == 0) return 0;
// _period * aumRate is safe; max expected aum rate * 10 years of seconds is just over 1 WAD
return _totalAssets.mulWadDown(_period * aumRate);
}
}
// SPDX-License-Identifier: AGPL-3.0-only
pragma solidity >=0.8.0;
/// @notice Gas optimized reentrancy protection for smart contracts.
/// @author Modified Solmate (https://github.com/Rari-Capital/solmate/blob/main/src/utils/ReentrancyGuard.sol)
/// @author Modified from OpenZeppelin (https://github.com/OpenZeppelin/openzeppelin-contracts/blob/master/contracts/security/ReentrancyGuard.sol)
abstract contract ReentrancyGuard {
uint256 private reentrancyStatus;
error Reentrancy();
function __initReentrancyGuard() internal {
if (reentrancyStatus != 0) revert Reentrancy();
reentrancyStatus = 1;
}
modifier nonReentrant() {
if (reentrancyStatus != 1) revert Reentrancy();
reentrancyStatus = 2;
_;
reentrancyStatus = 1;
}
}
//SPDX-License-Identifier: BSD 3-Clause
pragma solidity 0.8.13;
import {Math} from "./lib/Math.sol";
import {ERC20} from "solmate/tokens/ERC20.sol";
import {Auth, Authority} from "./lib/auth/Auth.sol";
import {SafeTransferLib} from "solmate/utils/SafeTransferLib.sol";
import {RegistryAuth} from "./RegistryAuth.sol";
import {Entity} from "./Entity.sol";
import {ISwapWrapper} from "./interfaces/ISwapWrapper.sol";
import {Portfolio} from "./Portfolio.sol";
// --- Errors ---
error Unauthorized();
error UnsupportedSwapper();
/**
* @notice Registry entity - manages Factory and Entity state info.
*/
contract Registry is RegistryAuth {
// --- Storage ---
/// @notice Treasury address can receives fees.
address public treasury;
/// @notice Base Token address is the stable coin contract used throughout the system.
ERC20 public immutable baseToken;
/// @notice Mapping of approved factory contracts that are allowed to register new Entities.
mapping(address => bool) public isApprovedFactory;
/// @notice Mapping of active status of entities.
mapping(Entity => bool) public isActiveEntity;
/// @notice Maps entity type to donation fee percentage stored as a zoc, where type(uint32).max represents 0.
mapping(uint8 => uint32) defaultDonationFee;
/// @notice Maps specific entity receiver to donation fee percentage stored as a zoc.
mapping(Entity => uint32) donationFeeReceiverOverride;
/// @notice Maps entity type to payout fee percentage stored as a zoc, where type(uint32).max represents 0.
mapping(uint8 => uint32) defaultPayoutFee;
/// @notice Maps specific entity sender to payout fee percentage stored as a zoc.
mapping(Entity => uint32) payoutFeeOverride;
/// @notice Maps sender entity type to receiver entity type to fee percentage as a zoc.
mapping(uint8 => mapping(uint8 => uint32)) defaultTransferFee;
/// @notice Maps specific entity sender to receiver entity type to fee percentage as a zoc.
mapping(Entity => mapping(uint8 => uint32)) transferFeeSenderOverride;
/// @notice Maps sender entity type to specific entity receiver to fee percentage as a zoc.
mapping(uint8 => mapping(Entity => uint32)) transferFeeReceiverOverride;
/// @notice Maps swap wrappers to their enabled/disabled status.
mapping(ISwapWrapper => bool) public isSwapperSupported;
/// @notice Maps portfolios to their enabled/disabled status.
mapping(Portfolio => bool) public isActivePortfolio;
// --- Events ---
/// @notice The event emitted when a factory is approved (whitelisted) or has it's approval removed.
event FactoryApprovalSet(address indexed factory, bool isApproved);
/// @notice The event emitted when an entity is set active or inactive.
event EntityStatusSet(address indexed entity, bool isActive);
/// @notice The event emitted when a swap wrapper is set active or inactive.
event SwapWrapperStatusSet(address indexed swapWrapper, bool isSupported);
/// @notice The event emitted when a portfolio is set active or inactive.
event PortfolioStatusSet(address indexed portfolio, bool isActive);
/// @notice Emitted when a default donation fee is set for an entity type.
event DefaultDonationFeeSet(uint8 indexed entityType, uint32 fee);
/// @notice Emitted when a donation fee override is set for a specific receiving entity.
event DonationFeeReceiverOverrideSet(address indexed entity, uint32 fee);
/// @notice Emitted when a default payout fee is set for an entity type.
event DefaultPayoutFeeSet(uint8 indexed entityType, uint32 fee);
/// @notice Emitted when a payout fee override is set for a specific sender entity.
event PayoutFeeOverrideSet(address indexed entity, uint32 fee);
/// @notice Emitted when a default transfer fee is set for transfers between entity types.
event DefaultTransferFeeSet(uint8 indexed fromEntityType, uint8 indexed toEntityType, uint32 fee);
/// @notice Emitted when a transfer fee override is set for transfers from an entity to a specific entityType.
event TransferFeeSenderOverrideSet(address indexed fromEntity, uint8 indexed toEntityType, uint32 fee);
/// @notice Emitted when a transfer fee override is set for transfers from an entityType to an entity.
event TransferFeeReceiverOverrideSet(uint8 indexed fromEntityType, address indexed toEntity, uint32 fee);
/// @notice Emitted when the registry treasury contract is changed
event TreasuryChanged(address oldTreasury, address indexed newTreasury);
/**
* @notice Modifier for methods that require auth and that the manager cannot access.
* @dev Overridden from Auth.sol. Reason: use custom error.
*/
modifier requiresAuth() override {
if (!isAuthorized(msg.sender, msg.sig)) revert Unauthorized();
_;
}
// --- Constructor ---
constructor(address _admin, address _treasury, ERC20 _baseToken) RegistryAuth(_admin, Authority(address(this))) {
treasury = _treasury;
emit TreasuryChanged(address(0), _treasury);
baseToken = _baseToken;
}
// --- Internal fns ---
/**
* @notice Fee parsing to convert the special "type(uint32).max" value to zero, and zero to the "max".
* @dev After converting, "type(uint32).max" will cause overflow/revert when used as a fee percentage multiplier and zero will mean no fee.
* @param _value The value to be converted.
* @return The parsed fee to use.
*/
function _parseFeeWithFlip(uint32 _value) private pure returns (uint32) {
if (_value == 0) {
return type(uint32).max;
} else if (_value == type(uint32).max) {
return 0;
} else {
return _value;
}
}
// --- External fns ---
/**
* @notice Sets a new Endaoment treasury address.
* @param _newTreasury The new treasury.
*/
function setTreasury(address _newTreasury) external requiresAuth {
emit TreasuryChanged(treasury, _newTreasury);
treasury = _newTreasury;
}
/**
* @notice Sets the approval state of a factory. Grants the factory permissions to set entity status.
* @param _factory The factory whose approval state is to be updated.
* @param _isApproved True if the factory should be approved, false otherwise.
*/
function setFactoryApproval(address _factory, bool _isApproved) external requiresAuth {
isApprovedFactory[_factory] = _isApproved;
emit FactoryApprovalSet(address(_factory), _isApproved);
}
/**
* @notice Sets the enable/disable state of an Entity.
* @param _entity The entity whose active state is to be updated.
* @param _isActive True if the entity should be active, false otherwise.
*/
function setEntityStatus(Entity _entity, bool _isActive) external requiresAuth {
isActiveEntity[_entity] = _isActive;
emit EntityStatusSet(address(_entity), _isActive);
}
/**
* @notice Sets Entity as active. This is a special method to be called only by approved factories.
* Other callers should use `setEntityStatus` instead.
* @param _entity The entity.
*/
function setEntityActive(Entity _entity) external {
if (!isApprovedFactory[msg.sender]) revert Unauthorized();
isActiveEntity[_entity] = true;
emit EntityStatusSet(address(_entity), true);
}
/**
* @notice Sets the enable/disable state of a Portfolio.
* @param _portfolio Portfolio.
* @param _isActive True if setting portfolio to active, false otherwise.
*/
function setPortfolioStatus(Portfolio _portfolio, bool _isActive) external requiresAuth {
isActivePortfolio[_portfolio] = _isActive;
emit PortfolioStatusSet(address(_portfolio), _isActive);
}
/**
* @notice Gets default donation fee pct (as a zoc) for an Entity.
* @param _entity The receiving entity of the donation for which the fee is being fetched.
* @return uint32 The default donation fee for the entity's type.
* @dev Makes use of _parseFeeWithFlip, so if no default exists, "max" will be returned.
*/
function getDonationFee(Entity _entity) external view returns (uint32) {
return _parseFeeWithFlip(defaultDonationFee[_entity.entityType()]);
}
/**
* @notice Gets lowest possible donation fee pct (as a zoc) for an Entity, among default and override.
* @param _entity The receiving entity of the donation for which the fee is being fetched.
* @return uint32 The minimum of the default donation fee and the receiver's fee override.
* @dev Makes use of _parseFeeWithFlip, so if no default or override exists, "max" will be returned.
*/
function getDonationFeeWithOverrides(Entity _entity) external view returns (uint32) {
uint32 _default = _parseFeeWithFlip(defaultDonationFee[_entity.entityType()]);
uint32 _receiverOverride = _parseFeeWithFlip(donationFeeReceiverOverride[_entity]);
return _receiverOverride < _default ? _receiverOverride : _default;
}
/**
* @notice Gets default payout fee pct (as a zoc) for an Entity.
* @param _entity The sender entity of the payout for which the fee is being fetched.
* @return uint32 The default payout fee for the entity's type.
* @dev Makes use of _parseFeeWithFlip, so if no default exists, "max" will be returned.
*/
function getPayoutFee(Entity _entity) external view returns (uint32) {
return _parseFeeWithFlip(defaultPayoutFee[_entity.entityType()]);
}
/**
* @notice Gets lowest possible payout fee pct (as a zoc) for an Entity, among default and override.
* @param _entity The sender entity of the payout for which the fee is being fetched.
* @return uint32 The minimum of the default payout fee and the sender's fee override.
* @dev Makes use of _parseFeeWithFlip, so if no default or override exists, "max" will be returned.
*/
function getPayoutFeeWithOverrides(Entity _entity) external view returns (uint32) {
uint32 _default = _parseFeeWithFlip(defaultPayoutFee[_entity.entityType()]);
uint32 _senderOverride = _parseFeeWithFlip(payoutFeeOverride[_entity]);
return _senderOverride < _default ? _senderOverride : _default;
}
/**
* @notice Gets default transfer fee pct (as a zoc) between sender & receiver Entities.
* @param _sender The sending entity of the transfer for which the fee is being fetched.
* @param _receiver The receiving entity of the transfer for which the fee is being fetched.
* @return uint32 The default transfer fee.
* @dev Makes use of _parseFeeWithFlip, so if no default exists, "type(uint32).max" will be returned.
*/
function getTransferFee(Entity _sender, Entity _receiver) external view returns (uint32) {
return _parseFeeWithFlip(defaultTransferFee[_sender.entityType()][_receiver.entityType()]);
}
/**
* @notice Gets lowest possible transfer fee pct (as a zoc) between sender & receiver Entities, among default and overrides.
* @param _sender The sending entity of the transfer for which the fee is being fetched.
* @param _receiver The receiving entity of the transfer for which the fee is being fetched.
* @return uint32 The minimum of the default transfer fee, and sender and receiver overrides.
* @dev Makes use of _parseFeeWithFlip, so if no default or overrides exist, "type(uint32).max" will be returned.
*/
function getTransferFeeWithOverrides(Entity _sender, Entity _receiver) external view returns (uint32) {
uint32 _default = _parseFeeWithFlip(defaultTransferFee[_sender.entityType()][_receiver.entityType()]);
uint32 _senderOverride = _parseFeeWithFlip(transferFeeSenderOverride[_sender][_receiver.entityType()]);
uint32 _receiverOverride = _parseFeeWithFlip(transferFeeReceiverOverride[_sender.entityType()][_receiver]);
uint32 _lowestFee = _default;
_lowestFee = _senderOverride < _lowestFee ? _senderOverride : _lowestFee;
_lowestFee = _receiverOverride < _lowestFee ? _receiverOverride : _lowestFee;
return _lowestFee;
}
/**
* @notice Sets the default donation fee for an entity type.
* @param _entityType Entity type.
* @param _fee The fee percentage to be set (a zoc).
*/
function setDefaultDonationFee(uint8 _entityType, uint32 _fee) external requiresAuth {
defaultDonationFee[_entityType] = _parseFeeWithFlip(_fee);
emit DefaultDonationFeeSet(_entityType, _fee);
}
/**
* @notice Sets the donation fee receiver override for a specific entity.
* @param _entity Entity.
* @param _fee The overriding fee (a zoc).
*/
function setDonationFeeReceiverOverride(Entity _entity, uint32 _fee) external requiresAuth {
donationFeeReceiverOverride[_entity] = _parseFeeWithFlip(_fee);
emit DonationFeeReceiverOverrideSet(address(_entity), _fee);
}
/**
* @notice Sets the default payout fee for an entity type.
* @param _entityType Entity type.
* @param _fee The fee percentage to be set (a zoc).
*/
function setDefaultPayoutFee(uint8 _entityType, uint32 _fee) external requiresAuth {
defaultPayoutFee[_entityType] = _parseFeeWithFlip(_fee);
emit DefaultPayoutFeeSet(_entityType, _fee);
}
/**
* @notice Sets the payout fee override for a specific entity.
* @param _entity Entity.
* @param _fee The overriding fee (a zoc).
*/
function setPayoutFeeOverride(Entity _entity, uint32 _fee) external requiresAuth {
payoutFeeOverride[_entity] = _parseFeeWithFlip(_fee);
emit PayoutFeeOverrideSet(address(_entity), _fee);
}
/**
* @notice Sets the default transfer fee for transfers from one specific entity type to another.
* @param _fromEntityType The entityType making the transfer.
* @param _toEntityType The receiving entityType.
* @param _fee The transfer fee percentage (a zoc).
*/
function setDefaultTransferFee(uint8 _fromEntityType, uint8 _toEntityType, uint32 _fee) external requiresAuth {
defaultTransferFee[_fromEntityType][_toEntityType] = _parseFeeWithFlip(_fee);
emit DefaultTransferFeeSet(_fromEntityType, _toEntityType, _fee);
}
/**
* @notice Sets the transfer fee override for transfers from one specific entity to entities of a given type.
* @param _fromEntity The entity making the transfer.
* @param _toEntityType The receiving entityType.
* @param _fee The overriding fee percentage (a zoc).
*/
function setTransferFeeSenderOverride(Entity _fromEntity, uint8 _toEntityType, uint32 _fee) external requiresAuth {
transferFeeSenderOverride[_fromEntity][_toEntityType] = _parseFeeWithFlip(_fee);
emit TransferFeeSenderOverrideSet(address(_fromEntity), _toEntityType, _fee);
}
/**
* @notice Sets the transfer fee override for transfers from entities of a given type to a specific entity.
* @param _fromEntityType The entityType making the transfer.
* @param _toEntity The receiving entity.
* @param _fee The overriding fee percentage (a zoc).
*/
function setTransferFeeReceiverOverride(uint8 _fromEntityType, Entity _toEntity, uint32 _fee)
external
requiresAuth
{
transferFeeReceiverOverride[_fromEntityType][_toEntity] = _parseFeeWithFlip(_fee);
emit TransferFeeReceiverOverrideSet(_fromEntityType, address(_toEntity), _fee);
}
/**
* @notice Sets the enable/disable state of a SwapWrapper. System owners must ensure meticulous review of SwapWrappers before approving them.
* @param _swapWrapper A contract that implements ISwapWrapper.
* @param _supported `true` if supported, `false` if unsupported.
*/
function setSwapWrapperStatus(ISwapWrapper _swapWrapper, bool _supported) external requiresAuth {
isSwapperSupported[_swapWrapper] = _supported;
emit SwapWrapperStatusSet(address(_swapWrapper), _supported);
}
}
//SPDX-License-Identifier: BSD 3-Clause
pragma solidity 0.8.13;
import {Auth, Authority} from "./lib/auth/Auth.sol";
import {RolesAuthority} from "./lib/auth/authorities/RolesAuthority.sol";
// --- Errors ---
error OwnershipInvalid();
/**
* @notice RegistryAuth - contract to control ownership of the Registry.
*/
contract RegistryAuth is RolesAuthority {
/// @notice Emitted when the first step of an ownership transfer (proposal) is done.
event OwnershipTransferProposed(address indexed user, address indexed newOwner);
/// @notice Emitted when the second step of an ownership transfer (claim) is done.
event OwnershipChanged(address indexed owner, address indexed newOwner);
// --- Storage ---
/// @notice Pending owner for 2 step ownership transfer
address public pendingOwner;
// --- Constructor ---
constructor(address _owner, Authority _authority) RolesAuthority(_owner, _authority) {}
/**
* @notice Starts the 2 step process of transferring registry authorization to a new owner.
* @param _newOwner Proposed new owner of registry authorization.
*/
function transferOwnership(address _newOwner) external requiresAuth {
pendingOwner = _newOwner;
emit OwnershipTransferProposed(msg.sender, _newOwner);
}
/**
* @notice Completes the 2 step process of transferring registry authorization to a new owner.
* This function must be called by the proposed new owner.
*/
function claimOwnership() external {
if (msg.sender != pendingOwner) revert OwnershipInvalid();
emit OwnershipChanged(owner, pendingOwner);
owner = pendingOwner;
pendingOwner = address(0);
}
/**
* @notice Old approach of setting a new owner in a single step.
* @dev This function throws an error to force use of the new 2-step approach.
*/
function setOwner(address /*newOwner*/ ) public view override requiresAuth {
revert OwnershipInvalid();
}
}
// SPDX-License-Identifier: AGPL-3.0-only
pragma solidity >=0.8.0;
// This contract is modified from Solmate only to import modified Auth.sol on line 5
import {Auth, Authority} from "../Auth.sol";
/// @notice Role based Authority that supports up to 256 roles.
/// @author Solmate (https://github.com/Rari-Capital/solmate/blob/main/src/auth/authorities/RolesAuthority.sol)
/// @author Modified from Dappsys (https://github.com/dapphub/ds-roles/blob/master/src/roles.sol)
contract RolesAuthority is Auth, Authority {
/*///////////////////////////////////////////////////////////////
EVENTS
//////////////////////////////////////////////////////////////*/
event UserRoleUpdated(address indexed user, uint8 indexed role, bool enabled);
event PublicCapabilityUpdated(address indexed target, bytes4 indexed functionSig, bool enabled);
event RoleCapabilityUpdated(uint8 indexed role, address indexed target, bytes4 indexed functionSig, bool enabled);
/*///////////////////////////////////////////////////////////////
CONSTRUCTOR
//////////////////////////////////////////////////////////////*/
constructor(address _owner, Authority _authority) Auth(_owner, _authority) {}
/*///////////////////////////////////////////////////////////////
ROLE/USER STORAGE
//////////////////////////////////////////////////////////////*/
mapping(address => bytes32) public getUserRoles;
mapping(address => mapping(bytes4 => bool)) public isCapabilityPublic;
mapping(address => mapping(bytes4 => bytes32)) public getRolesWithCapability;
function doesUserHaveRole(address user, uint8 role) public view virtual returns (bool) {
return (uint256(getUserRoles[user]) >> role) & 1 != 0;
}
function doesRoleHaveCapability(uint8 role, address target, bytes4 functionSig)
public
view
virtual
returns (bool)
{
return (uint256(getRolesWithCapability[target][functionSig]) >> role) & 1 != 0;
}
/*///////////////////////////////////////////////////////////////
AUTHORIZATION LOGIC
//////////////////////////////////////////////////////////////*/
function canCall(address user, address target, bytes4 functionSig) public view virtual override returns (bool) {
return isCapabilityPublic[target][functionSig]
|| bytes32(0) != getUserRoles[user] & getRolesWithCapability[target][functionSig];
}
/*///////////////////////////////////////////////////////////////
ROLE CAPABILITY CONFIGURATION LOGIC
//////////////////////////////////////////////////////////////*/
function setPublicCapability(address target, bytes4 functionSig, bool enabled) public virtual requiresAuth {
isCapabilityPublic[target][functionSig] = enabled;
emit PublicCapabilityUpdated(target, functionSig, enabled);
}
function setRoleCapability(uint8 role, address target, bytes4 functionSig, bool enabled)
public
virtual
requiresAuth
{
if (enabled) {
getRolesWithCapability[target][functionSig] |= bytes32(1 << role);
} else {
getRolesWithCapability[target][functionSig] &= ~bytes32(1 << role);
}
emit RoleCapabilityUpdated(role, target, functionSig, enabled);
}
/*///////////////////////////////////////////////////////////////
USER ROLE ASSIGNMENT LOGIC
//////////////////////////////////////////////////////////////*/
function setUserRole(address user, uint8 role, bool enabled) public virtual requiresAuth {
if (enabled) {
getUserRoles[user] |= bytes32(1 << role);
} else {
getUserRoles[user] &= ~bytes32(1 << role);
}
emit UserRoleUpdated(user, role, enabled);
}
}
// SPDX-License-Identifier: AGPL-3.0-only
pragma solidity >=0.8.0;
import {ERC20} from "../tokens/ERC20.sol";
/// @notice Safe ETH and ERC20 transfer library that gracefully handles missing return values.
/// @author Solmate (https://github.com/Rari-Capital/solmate/blob/main/src/utils/SafeTransferLib.sol)
/// @author Modified from Gnosis (https://github.com/gnosis/gp-v2-contracts/blob/main/src/contracts/libraries/GPv2SafeERC20.sol)
/// @dev Use with caution! Some functions in this library knowingly create dirty bits at the destination of the free memory pointer.
library SafeTransferLib {
/*///////////////////////////////////////////////////////////////
ETH OPERATIONS
//////////////////////////////////////////////////////////////*/
function safeTransferETH(address to, uint256 amount) internal {
bool callStatus;
assembly {
// Transfer the ETH and store if it succeeded or not.
callStatus := call(gas(), to, amount, 0, 0, 0, 0)
}
require(callStatus, "ETH_TRANSFER_FAILED");
}
/*///////////////////////////////////////////////////////////////
ERC20 OPERATIONS
//////////////////////////////////////////////////////////////*/
function safeTransferFrom(
ERC20 token,
address from,
address to,
uint256 amount
) internal {
bool callStatus;
assembly {
// Get a pointer to some free memory.
let freeMemoryPointer := mload(0x40)
// Write the abi-encoded calldata to memory piece by piece:
mstore(freeMemoryPointer, 0x23b872dd00000000000000000000000000000000000000000000000000000000) // Begin with the function selector.
mstore(add(freeMemoryPointer, 4), and(from, 0xffffffffffffffffffffffffffffffffffffffff)) // Mask and append the "from" argument.
mstore(add(freeMemoryPointer, 36), and(to, 0xffffffffffffffffffffffffffffffffffffffff)) // Mask and append the "to" argument.
mstore(add(freeMemoryPointer, 68), amount) // Finally append the "amount" argument. No mask as it's a full 32 byte value.
// Call the token and store if it succeeded or not.
// We use 100 because the calldata length is 4 + 32 * 3.
callStatus := call(gas(), token, 0, freeMemoryPointer, 100, 0, 0)
}
require(didLastOptionalReturnCallSucceed(callStatus), "TRANSFER_FROM_FAILED");
}
function safeTransfer(
ERC20 token,
address to,
uint256 amount
) internal {
bool callStatus;
assembly {
// Get a pointer to some free memory.
let freeMemoryPointer := mload(0x40)
// Write the abi-encoded calldata to memory piece by piece:
mstore(freeMemoryPointer, 0xa9059cbb00000000000000000000000000000000000000000000000000000000) // Begin with the function selector.
mstore(add(freeMemoryPointer, 4), and(to, 0xffffffffffffffffffffffffffffffffffffffff)) // Mask and append the "to" argument.
mstore(add(freeMemoryPointer, 36), amount) // Finally append the "amount" argument. No mask as it's a full 32 byte value.
// Call the token and store if it succeeded or not.
// We use 68 because the calldata length is 4 + 32 * 2.
callStatus := call(gas(), token, 0, freeMemoryPointer, 68, 0, 0)
}
require(didLastOptionalReturnCallSucceed(callStatus), "TRANSFER_FAILED");
}
function safeApprove(
ERC20 token,
address to,
uint256 amount
) internal {
bool callStatus;
assembly {
// Get a pointer to some free memory.
let freeMemoryPointer := mload(0x40)
// Write the abi-encoded calldata to memory piece by piece:
mstore(freeMemoryPointer, 0x095ea7b300000000000000000000000000000000000000000000000000000000) // Begin with the function selector.
mstore(add(freeMemoryPointer, 4), and(to, 0xffffffffffffffffffffffffffffffffffffffff)) // Mask and append the "to" argument.
mstore(add(freeMemoryPointer, 36), amount) // Finally append the "amount" argument. No mask as it's a full 32 byte value.
// Call the token and store if it succeeded or not.
// We use 68 because the calldata length is 4 + 32 * 2.
callStatus := call(gas(), token, 0, freeMemoryPointer, 68, 0, 0)
}
require(didLastOptionalReturnCallSucceed(callStatus), "APPROVE_FAILED");
}
/*///////////////////////////////////////////////////////////////
INTERNAL HELPER LOGIC
//////////////////////////////////////////////////////////////*/
function didLastOptionalReturnCallSucceed(bool callStatus) private pure returns (bool success) {
assembly {
// Get how many bytes the call returned.
let returnDataSize := returndatasize()
// If the call reverted:
if iszero(callStatus) {
// Copy the revert message into memory.
returndatacopy(0, 0, returnDataSize)
// Revert with the same message.
revert(0, returnDataSize)
}
switch returnDataSize
case 32 {
// Copy the return data into memory.
returndatacopy(0, 0, returnDataSize)
// Set success to whether it returned true.
success := iszero(iszero(mload(0)))
}
case 0 {
// There was no return data.
success := 1
}
default {
// It returned some malformed input.
success := 0
}
}
}
}
//SPDX-License-Identifier: BSD 3-Clause
pragma solidity 0.8.13;
import {ERC20} from "solmate/tokens/ERC20.sol";
/// @title TPlusNAsset
/// @notice An ERC20 contract used by TPlusNPortfolio contracts to represent their underlying asset
contract TPlusNAsset is ERC20 {
/// STATE
/// @notice Address of the Endaoment Portfolio / Minter.
address public portfolio;
/// EVENTS
event PortfolioSet(address indexed newPortfolio);
/// ERRORS
/// @notice Emitted when bad caller on portfolio-only calls.
error OnlyPortfolio();
constructor(string memory _name, string memory _symbol, address _portfolio) ERC20(_name, _symbol, 18) {
portfolio = _portfolio;
emit PortfolioSet(_portfolio);
}
/// MODIFIERS
/**
* @notice Make function only callable by the owning portfolio.
*/
modifier onlyPortfolio() {
_onlyPortfolio();
_;
}
/**
* @notice Internal function to check that the caller is the owning portfolio.
* @dev Added for gas savings.
*/
function _onlyPortfolio() private view {
if (msg.sender != portfolio) revert OnlyPortfolio();
}
/**
* @notice Mint assets for a given address.
* @param _to The address to mint to.
* @param _amount The amount to mint.
* @dev Only callable by the owning portfolio.
*/
function mint(address _to, uint256 _amount) external onlyPortfolio {
_mint(_to, _amount);
}
/**
* @notice Burn assets from a given address.
* @param _from The address to burn from.
* @param _amount The amount to burn.
* @dev Only callable by the owning portfolio.
*/
function burn(address _from, uint256 _amount) external onlyPortfolio {
_burn(_from, _amount);
}
/**
* @notice Burn assets from the caller.
* @param _amount The amount to burn.
* @dev Callable by anyone since it burns from the caller's balance.
*/
function burn(uint256 _amount) external {
_burn(msg.sender, _amount);
}
/**
* @notice Update the owning portfolio
* @param _newPortfolio The new portfolio address
* @notice Should be rarely used but can be in case of a portfolio migration, to be able to use the same asset contract
* @dev Only callable by the current portfolio
*/
function setPortfolio(address _newPortfolio) external onlyPortfolio {
portfolio = _newPortfolio;
emit PortfolioSet(_newPortfolio);
}
}
//SPDX-License-Identifier: BSD 3-Clause
pragma solidity 0.8.13;
import {EntityBaseTokenTransferor} from "../EntityBaseTokenTransferor.sol";
import {TPlusNAsset} from "./TPlusNAsset.sol";
import {Registry} from "../Registry.sol";
import {Entity} from "../Entity.sol";
import {Portfolio} from "../Portfolio.sol";
import {ERC20} from "solmate/tokens/ERC20.sol";
import {Math} from "../lib/Math.sol";
import {SafeTransferLib} from "solmate/utils/SafeTransferLib.sol";
/// ENUMS
enum ConsolidationOperation {
Deposit,
Redeem
}
/// STRUCTS
/**
* @notice Arguments for constructor. Using a struct to avoid stack too deep error.
* @param _registry Endaoment registry.
* @param _receiptAsset Address of the receipt asset. Should normally be a `TPlusNAsset` contract.
* @param _shareTokenName Name of ERC20 portfolio share token.
* @param _shareTokenSymbol Symbol of ERC20 portfolio share token.
* @param _ebtt Address of the EBTT contract.
* @param _processor Address to automatically route deposit base token to.
* @param _minDeposit Minimum base token amount allowed for a valid deposit.
* @param _cap Maximum amount of assets this portfolio can hold.
* @param _feeTreasury Address of treasury that should receive fees.
* @param _depositFee Percentage fee as ZOC that should go to treasury on deposit. (100 = 1%).
* @param _redemptionFee Percentage fee as ZOC that should go to treasury on redemption. (100 = 1%).
* @param _aumRate Percentage fee per second (as WAD) that should accrue to treasury as AUM fee. (1e16 = 1%).
*/
struct ConstructorArgs {
Registry registry;
address receiptAsset;
string shareTokenName;
string shareTokenSymbol;
EntityBaseTokenTransferor ebtt;
address processor;
uint256 minDeposit;
uint256 cap;
address feeTreasury;
uint256 depositFee;
uint256 redemptionFee;
uint256 aumRate;
}
/**
* @notice Struct representing a single consolidation for a deposit/purchase or redeem/sale operation.
* @param operation The type of consolidation operation - deposit/purchase or redeem/sale.
* @param entity The entity whose pending balance should be consolidated.
* @param amountBaseToken The amount of base token to consolidate. For purchases, this is the amount of base token used. For sales, this is the amount of base token received.
* @param amountAssets The amount of assets to consolidate. For purchases, this is the amount of assets purchased. For sales, this is the amount of assets sold.
*/
struct Consolidation {
ConsolidationOperation operation;
Entity entity;
uint256 amountBaseToken;
uint256 amountAssets;
}
contract TPlusNPortfolio is Portfolio {
using SafeTransferLib for ERC20;
using Math for uint256;
/// STATE
/// @notice The EBTT contract.
EntityBaseTokenTransferor public immutable ebtt;
/// @notice The address to automatically route base tokens from and to on deposits and sales.
address public processor;
/// @notice Minimum base token amount that can be deposited.
uint256 public minDeposit;
/// @notice Maintenance flag to pause functionality.
bool public underMaintenance;
/// @notice Pending purchase balance of base tokens per address.
mapping(Entity => uint256) public pendingPurchaseBalance;
/// @notice Pending sale assets per address.
mapping(Entity => uint256) public pendingSaleAssets;
/// ERRORS
/// @notice Emitted when deposit is below minimum.
error MinDeposit();
/// @notice Emitted when called under maintenance.
error UnderMaintenance();
/// @notice Emitted when informed entity parameter is bad (e.g. missing information, duplicated entities).
error BadEntityInput();
/// @notice Emitted when insufficient balances on consolidation.
error InsufficientBalance();
/// EVENTS
/// @notice Emitted when processor is set.
event ProcessorSet(address newProcessor);
/// @notice Emitted when minDeposit is set.
event MinDepositSet(uint256 newMinDeposit);
/// @notice Emitted when underMaintenance is set.
event UnderMaintenanceSet(bool newUnderMaintenance);
/// @notice Emitted when a deposit/purchase consolidation is made.
event DepositConsolidated(
Entity indexed entity, uint256 amountBaseToken, uint256 amountAssets, uint256 amountShares
);
/// @notice Emitted when a correction mint is made.
event CorrectionShareMinted(Entity indexed entity, uint256 amountShares);
/// @notice Emitted when a correction burn is made.
event CorrectionShareBurned(Entity indexed entity, uint256 amountShares);
/// @notice Emitted when a redemption/sale consolidation is made.
event RedeemConsolidated(Entity indexed entity, uint256 amountBaseToken, uint256 amountAssets, uint256 fee);
/**
* @param _args Constructor arguments struct.
* @dev Args are passed in a struct to avoid stack too deep errors.
* @dev The `true` parameter is to set this portfolio as `async` in the parent `Portfolio` contract. Async portfolios handle share lifecycle differently.
* @dev EBTT is required to properly process payments back to entites on sale consolidations.
* @dev While `cap` is not enforced in contract, its value can be utilized by UI to implement the behavior.
*/
constructor(ConstructorArgs memory _args)
Portfolio(
_args.registry,
_args.receiptAsset,
_args.shareTokenName,
_args.shareTokenSymbol,
true, // Async portfolio, hence setting `_async` to true
_args.cap,
_args.feeTreasury,
_args.depositFee,
_args.redemptionFee,
_args.aumRate
)
{
// Approve EBTT to transfer this portfolio's balance for sale consolidations
ebtt = _args.ebtt;
baseToken.safeApprove(address(ebtt), type(uint256).max);
processor = _args.processor;
emit ProcessorSet(processor);
minDeposit = _args.minDeposit;
emit MinDepositSet(minDeposit);
}
/**
* @inheritdoc Portfolio
*/
function _getAsset(address _receiptAsset) internal pure override returns (address) {
return _receiptAsset;
}
/**
* @inheritdoc Portfolio
*/
function convertReceiptAssetsToAssets(uint256 _receiptAssets) public pure override returns (uint256) {
return _receiptAssets;
}
/**
* @inheritdoc Portfolio
* @notice T+N portfolios do not enforce cap onchain.
* @dev Cap is not enforced because async portfolios do not have direct access to the spot price of the asset, hence not being able to determine a cap syncronously to deposits.
* @dev While `cap` is not enforced in contract, it is settable in the constructor so external logic can read and utilize it.
*/
function _checkCap() internal pure override {}
/**
* @inheritdoc Portfolio
* @dev As an `async` portfolio, T+N portfolio do not mint shares on `deposit`, rather handling it on consolidations.
* @dev Deposits smaller than `minDeposit` revert.
*/
function _deposit(uint256 _amountBaseToken, bytes calldata /* _data */ )
internal
override
returns (uint256, /* shares */ uint256, /* assets */ uint256 /* fee */ )
{
// Check if deposit is above minimum
if (_amountBaseToken < minDeposit) revert MinDeposit();
// Check if under maintenance
if (underMaintenance) revert UnderMaintenance();
// Calculate fee and net amount to be deposited and used for purchase
// TODO: move deposit fee logic to `Portfolio`, for all portfolios
(uint256 _amountIn, uint256 _amountFee) = _calculateFee(_amountBaseToken, depositFee);
// Transfer amount from entity to `processor`
baseToken.safeTransferFrom(msg.sender, processor, _amountIn);
// Transfer fee to treasury
baseToken.safeTransferFrom(msg.sender, feeTreasury, _amountFee);
// Update pending balance
unchecked {
// Unchecked: no realistic amount of base token will overflow
pendingPurchaseBalance[Entity(payable(msg.sender))] += _amountIn;
}
// No acquired shares or assets, and base token fee amount
return (0, 0, _amountFee);
}
/**
* @inheritdoc Portfolio
* @notice Returns (0, 0) to signal that no asset and base token are produced on reddem for T+N.
*/
function _redeem(uint256 _amountShares, bytes calldata /* _data */ )
internal
override
returns (uint256, /* assetsOut */ uint256 /* baseTokenOut */ )
{
// Check if under maintenance
if (underMaintenance) revert UnderMaintenance();
// Verify how many assets this amount of shares is worth
// This assumes `takeAUMFees` was already called in the wrapping `Portfolio.redeem` call
uint256 _amountAssets = convertToAssets(_amountShares);
// Update pending asset amount to sell
unchecked {
// Unchecked: asset total supply is capped at type(uint256).max, so an individual balance will also never overflow
pendingSaleAssets[Entity(payable(msg.sender))] += _amountAssets;
}
// Burn asset to maintain correct supply in portfolio's balance
// This is important so AUM fees are charged proportional to the asset balance that still
// belongs to the portfolio. This also implies that once an entity performs a redeem,
// we won't charge/be entitled to any AUM fees on that portion of the assets.
TPlusNAsset(receiptAsset).burn(_amountAssets);
// Return the amount of assets out and 0 base token for a T+N redemption
return (_amountAssets, 0);
}
/**
* @notice Consolidates pending purchase balances into shares, based on the amount of assets effectively purchased.
* @param _entity The entity whose pending balance should be consolidated.
* @param _amountBaseToken The amount of base token to consolidate.
* @param _amountAssets The amount of assets this amount of base token was capable of purchasing.
* @dev The value of _amountAssets must be chosen carefully to avoid rounding errors e.g. 1 ether = 1 "real world" asset is a good choice.
*/
function _consolidateDeposit(Entity _entity, uint256 _amountBaseToken, uint256 _amountAssets) private {
// Decrease pending balance
// Checked: we want to revert on underflow
pendingPurchaseBalance[_entity] -= _amountBaseToken;
// Mint shares proportional to the amount of assets produced
// ⚠️ Share calculation must happen before all mints to avoid wrong values
uint256 _amountShares = convertToShares(_amountAssets);
_mint(address(_entity), _amountShares);
// Mint the receipt asset equal to the amount of asset produced, since the portfolio
// controls the supply of the receipt asset
TPlusNAsset(receiptAsset).mint(address(this), _amountAssets);
// Emit
emit DepositConsolidated(_entity, _amountBaseToken, _amountAssets, _amountShares);
}
/**
* @notice Consolidate pending sale/redeemed assets into base token, based on the amount of assets effectively sold. Transfers base token to entity.
* @param _entity The entity whose pending asset balance should be consolidated.
* @param _amountBaseToken The amount of base token the sale of the asset amount was capable of selling for.
* @param _amountAssets The amount of assets that effectively got sold.
* @dev Method will revert if portfolio does not have enough base token in its balance to transfer to entity and treasury.
*/
function _consolidateRedeem(Entity _entity, uint256 _amountBaseToken, uint256 _amountAssets) private {
// Checked: Desired underflow if larger
pendingSaleAssets[_entity] -= _amountAssets;
// Get net and fee values
(uint256 _amountOut, uint256 _amountFee) = _calculateFee(_amountBaseToken, redemptionFee);
// Transfer sale-produced base token amount to entity
// Uses EBTT contract to circumvent any fee or events being triggered incorrectly
ebtt.transferFromPortfolio(_entity, _amountOut);
// Transfer fee to treasury
baseToken.safeTransfer(feeTreasury, _amountFee);
// Emit
emit RedeemConsolidated(_entity, _amountOut, _amountAssets, _amountFee);
}
/**
* @notice Consolidate pending balances into shares or base token, based on the amount of assets effectively purchased or sold.
* @param _consolidations Array of `Consolidation` structs to process.
*/
function _consolidate(Consolidation[] calldata _consolidations) private {
for (uint256 i = 0; i < _consolidations.length; ++i) {
if (_consolidations[i].operation == ConsolidationOperation.Deposit) {
_consolidateDeposit(
_consolidations[i].entity, _consolidations[i].amountBaseToken, _consolidations[i].amountAssets
);
} else {
_consolidateRedeem(
_consolidations[i].entity, _consolidations[i].amountBaseToken, _consolidations[i].amountAssets
);
}
}
}
/**
* @notice Perform consolidation while skipping any accrual operations.
* @param _consolidations Array of `Consolidation` structs to process.
* @dev Reverts if the contract does not have enough base token to transfer to the entity and treasury on a redeem consolidation.
*/
function consolidateNoAccrual(Consolidation[] calldata _consolidations) external requiresAuth {
// AUM fees must be taken whenever the balance of assets changes
takeAumFees();
// Consolidate
_consolidate(_consolidations);
}
/**
* @notice Endaoment role authed method to consolidate pending purchases and sales while distributing accrued assets.
* @param _consolidations Array of `Consolidation` structs to process.
* @param _accruedAssets Amount of assets accrued since last consolidation.
* @dev Reverts if the contract does not have enough base token to transfer to the entity and treasury on a redeem consolidation.
*/
function consolidateWithAccrual(Consolidation[] calldata _consolidations, uint256 _accruedAssets)
external
requiresAuth
{
// AUM fees must be taken whenever the balance of assets changes
takeAumFees();
// Given how the operational flow of how T+N works, accruals are simply the minting of the underlying asset
// This *must* be done before any consolidation, to properly reflect the contribution of each existing entity's
// position to produce the accrued assets
TPlusNAsset(receiptAsset).mint(address(this), _accruedAssets);
// Consolidate
_consolidate(_consolidations);
}
/**
* @notice Endaoment role authed method to mint shares to an entity. Used solely for correcting share balances in case of errors.
* @param _entity The entity to mint shares to.
* @param _amount The amount of shares to mint.
* @dev This method is only callable by Endaoment roles, and used only in case of error corrections.
*/
function correctionMint(Entity _entity, uint256 _amount) external requiresAuth {
_mint(address(_entity), _amount);
emit CorrectionShareMinted(_entity, _amount);
}
/**
* @notice Endaoment role authed method to burn shares from an entity. Used solely for correcting share balances in case of errors.
* @param _entity The entity to burn shares from.
* @param _amount The amount of shares to burn.
* @dev This method is only callable by Endaoment roles, and used only in case of error corrections.
*/
function correctionBurn(Entity _entity, uint256 _amount) external requiresAuth {
_burn(address(_entity), _amount);
emit CorrectionShareBurned(_entity, _amount);
}
// @inheritdoc Portfolio
function _exit(
uint256,
/* _amount */
bytes calldata /* _data */
) internal pure override returns (uint256, /* actualAssetsOut */ uint256 /* baseTokenOut */ ) {
// Noop
return (0, 0);
}
/**
* @notice Endaoment role authed method to set the processor address.
* @param _processor Address to automatically route deposit base token to.
*/
function setProcessor(address _processor) external requiresAuth {
processor = _processor;
emit ProcessorSet(_processor);
}
/**
* @notice Role authed method to set the minimum base token amount allowed for a valid deposit.
* @param _min Minimum base token amount allowed for a valid deposit.
*/
function setMinDeposit(uint256 _min) external requiresAuth {
minDeposit = _min;
emit MinDepositSet(_min);
}
/**
* @notice Role authed method to set the maintenance flag.
* @param _underMaintenance Maintenance flag to pause functionality.
*/
function setUnderMaintenance(bool _underMaintenance) external requiresAuth {
underMaintenance = _underMaintenance;
emit UnderMaintenanceSet(_underMaintenance);
}
}
{
"compilationTarget": {
"src/portfolios/TPlusNPortfolio.sol": "TPlusNPortfolio"
},
"evmVersion": "london",
"libraries": {},
"metadata": {
"bytecodeHash": "ipfs"
},
"optimizer": {
"enabled": true,
"runs": 9999999
},
"remappings": [
":ds-test/=lib/ds-test/src/",
":forge-std/=lib/forge-std/src/",
":murky/=lib/murky/src/",
":openzeppelin-contracts/=lib/openzeppelin-contracts/",
":solmate/=lib/solmate/src/",
":weird-erc20/=lib/solmate/lib/weird-erc20/src/"
]
}
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