@etherisc/gif-next 0.0.2-91f98cf-477 → 0.0.2-9275c39-670

package/contracts/pool/PoolService.sol

@@ -0,0 +1,562 @@
+// SPDX-License-Identifier: Apache-2.0
+pragma solidity ^0.8.20;
+
+import {IERC20Metadata} from "@openzeppelin/contracts/token/ERC20/extensions/IERC20Metadata.sol";
+
+import {IBundle} from "../instance/module/IBundle.sol";
+import {IBundleService} from "./IBundleService.sol";
+import {IComponents} from "../instance/module/IComponents.sol";
+import {IComponentService} from "../shared/IComponentService.sol";
+import {IInstance} from "../instance/IInstance.sol";
+import {IInstanceService} from "../instance/IInstanceService.sol";
+import {IPolicy} from "../instance/module/IPolicy.sol";
+import {IPoolService} from "./IPoolService.sol";
+import {IRegistry} from "../registry/IRegistry.sol";
+import {IRegistryService} from "../registry/IRegistryService.sol";
+import {IStaking} from "../staking/IStaking.sol";
+
+import {Amount, AmountLib} from "../type/Amount.sol";
+import {Fee, FeeLib} from "../type/Fee.sol";
+import {NftId} from "../type/NftId.sol";
+import {ObjectType, POOL, BUNDLE, COMPONENT, INSTANCE, REGISTRY} from "../type/ObjectType.sol";
+import {RoleId, PUBLIC_ROLE} from "../type/RoleId.sol";
+import {Fee, FeeLib} from "../type/Fee.sol";
+import {KEEP_STATE} from "../type/StateId.sol";
+import {Seconds} from "../type/Seconds.sol";
+import {TokenHandler} from "../shared/TokenHandler.sol";
+import {UFixed} from "../type/UFixed.sol";
+import {ComponentVerifyingService} from "../shared/ComponentVerifyingService.sol";
+import {InstanceReader} from "../instance/InstanceReader.sol";
+import {InstanceStore} from "../instance/InstanceStore.sol";
+
+string constant POOL_SERVICE_NAME = "PoolService";
+
+contract PoolService is 
+    ComponentVerifyingService, 
+    IPoolService 
+{
+    IBundleService internal _bundleService;
+    IComponentService internal _componentService;
+    IInstanceService private _instanceService;
+    IRegistryService private _registryService;
+
+    IStaking private _staking;
+
+    function _initialize(
+        address owner, 
+        bytes memory data
+    )
+        internal
+        initializer
+        virtual override
+    {
+        (
+            address registryAddress,, 
+            //address managerAddress
+            address authority
+        ) = abi.decode(data, (address, address, address));
+
+        initializeService(registryAddress, authority, owner);
+
+        _registryService = IRegistryService(_getServiceAddress(REGISTRY()));
+        _bundleService = IBundleService(_getServiceAddress(BUNDLE()));
+        _instanceService = IInstanceService(_getServiceAddress(INSTANCE()));
+        _componentService = IComponentService(_getServiceAddress(COMPONENT()));
+
+        _staking = IStaking(getRegistry().getStakingAddress());
+
+        registerInterface(type(IPoolService).interfaceId);
+    }
+
+    /// @inheritdoc IPoolService
+    function setMaxBalanceAmount(Amount maxBalanceAmount)
+        external
+        virtual
+    {
+        (NftId poolNftId,, IInstance instance) = _getAndVerifyActiveComponent(POOL());
+        InstanceReader instanceReader = instance.getInstanceReader();
+        IComponents.PoolInfo memory poolInfo = instanceReader.getPoolInfo(poolNftId);
+
+        Amount previousMaxBalanceAmount = poolInfo.maxBalanceAmount;
+        poolInfo.maxBalanceAmount = maxBalanceAmount;
+        instance.getInstanceStore().updatePool(poolNftId, poolInfo, KEEP_STATE());
+
+        emit LogPoolServiceMaxBalanceAmountUpdated(poolNftId, previousMaxBalanceAmount, maxBalanceAmount);
+    }
+
+    function setBundleOwnerRole(RoleId bundleOwnerRole)
+        external
+        virtual
+    {
+        (NftId poolNftId,, IInstance instance) = _getAndVerifyActiveComponent(POOL());
+        InstanceReader instanceReader = instance.getInstanceReader();
+
+        IComponents.ComponentInfo memory componentInfo = instanceReader.getComponentInfo(poolNftId);
+        IComponents.PoolInfo memory poolInfo = abi.decode(componentInfo.data, (IComponents.PoolInfo));
+
+        // bundle owner role may only be set once per pool
+        if(poolInfo.bundleOwnerRole != PUBLIC_ROLE()) {
+            revert ErrorPoolServiceBundleOwnerRoleAlreadySet(poolNftId);
+        }
+
+        poolInfo.bundleOwnerRole = bundleOwnerRole;
+        instance.getInstanceStore().updatePool(poolNftId, poolInfo, KEEP_STATE());
+
+        emit LogPoolServiceBundleOwnerRoleSet(poolNftId, bundleOwnerRole);
+    }
+
+    /// @inheritdoc IPoolService
+    function createBundle(
+        address bundleOwner, // initial bundle owner
+        Fee memory fee, // fees deducted from premium that go to bundle owner
+        Amount stakingAmount, // staking amount - staking fees result in initial bundle capital
+        Seconds lifetime, // initial duration for which new policies are covered
+        bytes calldata filter // optional use case specific criteria that define if a policy may be covered by this bundle
+    )
+        external 
+        virtual
+        returns(NftId bundleNftId, Amount netStakedAmount)
+    {
+        (NftId poolNftId,, IInstance instance) = _getAndVerifyActiveComponent(POOL());
+
+        {
+            InstanceReader instanceReader = instance.getInstanceReader();
+            IComponents.PoolInfo memory poolInfo = instanceReader.getPoolInfo(poolNftId);
+            Amount currentPoolBalance = instanceReader.getBalanceAmount(poolNftId);
+            if (currentPoolBalance + stakingAmount > poolInfo.maxBalanceAmount) {
+                revert ErrorPoolServiceMaxBalanceAmountExceeded(poolNftId, poolInfo.maxBalanceAmount, currentPoolBalance, stakingAmount);
+            }
+        }
+
+
+        Amount stakingFeeAmount;
+        (stakingFeeAmount, netStakedAmount) = FeeLib.calculateFee(
+            _getStakingFee(instance.getInstanceReader(), poolNftId), 
+            stakingAmount);
+
+
+        bundleNftId = _bundleService.create(
+            instance,
+            poolNftId,
+            bundleOwner,
+            fee,
+            netStakedAmount,
+            lifetime,
+            filter);
+
+        // pool book keeping
+        _componentService.increasePoolBalance(
+            instance.getInstanceStore(), 
+            poolNftId, 
+            netStakedAmount, 
+            stakingFeeAmount);
+
+        // pool bookkeeping and collect tokens from bundle owner
+        _collectStakingAmount(
+            instance.getInstanceReader(), 
+            poolNftId, 
+            bundleOwner, 
+            stakingAmount);
+
+        emit LogPoolServiceBundleCreated(instance.getNftId(), poolNftId, bundleNftId);
+    }
+
+    function _getStakingFee(InstanceReader instanceReader, NftId poolNftId)
+        internal
+        virtual
+        view
+        returns (Fee memory stakingFee)
+    {
+        NftId productNftId = instanceReader.getComponentInfo(poolNftId).productNftId;
+        return instanceReader.getProductInfo(productNftId).stakingFee;
+    }
+
+    function closeBundle(NftId bundleNftId)
+        external
+        virtual
+    {
+        (NftId poolNftId,, IInstance instance) = _getAndVerifyActiveComponent(POOL());
+
+        // TODO get performance fee for pool (#477)
+
+        // releasing collateral in bundle
+        (Amount unstakedAmount, Amount feeAmount) = _bundleService.close(instance, bundleNftId);
+
+        _componentService.decreasePoolBalance(
+            instance.getInstanceStore(), 
+            poolNftId, 
+            unstakedAmount +  feeAmount, 
+            AmountLib.zero());
+        
+        emit LogPoolServiceBundleClosed(instance.getNftId(), poolNftId, bundleNftId);
+
+        if ((unstakedAmount + feeAmount).gtz()){
+            IComponents.ComponentInfo memory poolComponentInfo = instance.getInstanceReader().getComponentInfo(poolNftId);
+            TokenHandler tokenHandler = poolComponentInfo.tokenHandler;
+            IERC20Metadata token = IERC20Metadata(poolComponentInfo.token);
+
+            // TODO: centralize token handling (issue #471)
+            
+            // check allowance
+            uint256 tokenAllowance = token.allowance(poolComponentInfo.wallet, address(tokenHandler));
+            if (tokenAllowance < (unstakedAmount.toInt() +  feeAmount.toInt())) {
+                revert ErrorPoolServiceWalletAllowanceTooSmall(
+                    poolComponentInfo.wallet, 
+                    address(tokenHandler), 
+                    tokenAllowance, 
+                    unstakedAmount.toInt() + feeAmount.toInt());
+            }
+
+            // transfer amount to bundle owner
+            address bundleOwner = getRegistry().ownerOf(bundleNftId);
+            tokenHandler.transfer(poolComponentInfo.wallet, bundleOwner, unstakedAmount + feeAmount);
+        }
+    }
+
+    /// @inheritdoc IPoolService
+    function stake(NftId bundleNftId, Amount amount) 
+        external 
+        virtual
+        // TODO: restricted() (once #462 is done)
+        returns(Amount netAmount) 
+    {
+        (NftId poolNftId,, IInstance instance) = _getAndVerifyActiveComponent(POOL());
+        InstanceReader instanceReader = instance.getInstanceReader();
+        IBundle.BundleInfo memory bundleInfo = instanceReader.getBundleInfo(bundleNftId);
+        IComponents.PoolInfo memory poolInfo = instanceReader.getPoolInfo(poolNftId);
+
+        if (bundleInfo.poolNftId != poolNftId) {
+            revert ErrorPoolServiceBundlePoolMismatch(bundleNftId, poolNftId);
+        }
+
+        {
+            Amount currentPoolBalance = instanceReader.getBalanceAmount(poolNftId);
+            if (currentPoolBalance + amount > poolInfo.maxBalanceAmount) {
+                revert ErrorPoolServiceMaxBalanceAmountExceeded(poolNftId, poolInfo.maxBalanceAmount, currentPoolBalance, amount);
+            }
+        }
+
+        // calculate fees
+        Amount feeAmount;
+        (
+            feeAmount,
+            netAmount
+        ) = FeeLib.calculateFee(
+            _getStakingFee(instanceReader, poolNftId), 
+            amount);
+
+        // do all the bookkeeping
+        _componentService.increasePoolBalance(
+            instance.getInstanceStore(), 
+            poolNftId, 
+            netAmount, 
+            feeAmount);
+
+        _bundleService.stake(instance, bundleNftId, netAmount);
+
+        // collect tokens from bundle owner
+        address bundleOwner = getRegistry().ownerOf(bundleNftId);
+        _collectStakingAmount(
+            instanceReader, 
+            poolNftId, 
+            bundleOwner, 
+            amount);
+
+        emit LogPoolServiceBundleStaked(instance.getNftId(), poolNftId, bundleNftId, amount, netAmount);
+    }
+
+    /// @inheritdoc IPoolService
+    function unstake(NftId bundleNftId, Amount amount) 
+        external 
+        virtual
+        // TODO: restricted() (once #462 is done)
+        returns(Amount netAmount) 
+    {
+        (NftId poolNftId,, IInstance instance) = _getAndVerifyActiveComponent(POOL());
+        InstanceReader instanceReader = instance.getInstanceReader();
+        InstanceStore instanceStore = instance.getInstanceStore();
+        IBundle.BundleInfo memory bundleInfo = instanceReader.getBundleInfo(bundleNftId);
+        
+        if (bundleInfo.poolNftId != poolNftId) {
+            revert ErrorPoolServiceBundlePoolMismatch(bundleNftId, poolNftId);
+        }
+
+        if (amount.eqz()) {
+            revert ErrorPoolServiceAmountIsZero();
+        }
+
+        // call bundle service for bookkeeping and additional checks
+        Amount unstakedAmount = _bundleService.unstake(instance, bundleNftId, amount);
+
+        // Important: from now on work only with unstakedAmount as it is the only reliable amount.
+        // if amount was max, this was set to the available amount
+
+        // TODO: handle performance fees (issue #477)
+
+        // update pool bookkeeping - performance fees stay in the pool, but as fees 
+        _componentService.decreasePoolBalance(
+            instanceStore, 
+            poolNftId, 
+            unstakedAmount, 
+            AmountLib.zero());
+
+        IComponents.ComponentInfo memory poolComponentInfo = instanceReader.getComponentInfo(poolNftId);
+        address poolWallet = poolComponentInfo.wallet;
+
+        // check allowance
+        {
+            IERC20Metadata token = IERC20Metadata(poolComponentInfo.token);
+            uint256 tokenAllowance = token.allowance(poolWallet, address(poolComponentInfo.tokenHandler));
+            if (tokenAllowance < unstakedAmount.toInt()) {
+                revert ErrorPoolServiceWalletAllowanceTooSmall(poolWallet, address(poolComponentInfo.tokenHandler), tokenAllowance, amount.toInt());
+            }
+        }
+
+        // transfer amount to bundle owner
+        address owner = getRegistry().ownerOf(bundleNftId);
+        // TODO: centralize token handling (issue #471)
+        poolComponentInfo.tokenHandler.transfer(poolWallet, owner, unstakedAmount);
+        
+        emit LogPoolServiceBundleUnstaked(instance.getNftId(), poolNftId, bundleNftId, unstakedAmount);
+
+        return unstakedAmount;
+    }
+
+    function processSale(
+        NftId bundleNftId, 
+        IPolicy.Premium memory premium 
+    ) 
+        external
+        virtual
+        restricted()
+    {
+        IRegistry registry = getRegistry();
+        IRegistry.ObjectInfo memory bundleObjectInfo = registry.getObjectInfo(bundleNftId);
+        IRegistry.ObjectInfo memory poolObjectInfo = registry.getObjectInfo(bundleObjectInfo.parentNftId);
+        IRegistry.ObjectInfo memory instanceObjectInfo = registry.getObjectInfo(poolObjectInfo.parentNftId);
+        IInstance instance = IInstance(instanceObjectInfo.objectAddress);
+
+        Amount poolFeeAmount = AmountLib.toAmount(premium.poolFeeFixAmount + premium.poolFeeVarAmount);
+        Amount bundleFeeAmount = AmountLib.toAmount(premium.bundleFeeFixAmount + premium.bundleFeeVarAmount);
+        Amount bundleNetAmount = AmountLib.toAmount(premium.netPremiumAmount);
+
+        InstanceStore instanceStore = instance.getInstanceStore();
+        _componentService.increasePoolBalance(
+            instanceStore,
+            poolObjectInfo.nftId,
+            bundleNetAmount + bundleFeeAmount, 
+            poolFeeAmount);
+
+        _componentService.increaseBundleBalance(
+            instanceStore,
+            bundleObjectInfo.nftId,
+            bundleNetAmount, 
+            bundleFeeAmount);
+    }
+
+
+    function lockCollateral(
+        IInstance instance, 
+        address token,
+        NftId productNftId,
+        NftId applicationNftId,
+        NftId bundleNftId,
+        Amount sumInsuredAmount // premium amount after product and distribution fees
+    )
+        external
+        virtual
+        restricted()
+        returns (
+            Amount localCollateralAmount,
+            Amount totalCollateralAmount
+        )
+    {
+        (
+            localCollateralAmount,
+            totalCollateralAmount
+        ) = calculateRequiredCollateral(
+            instance.getInstanceReader(),
+            productNftId, 
+            sumInsuredAmount);
+
+        // lock collateral amount from involved bundle
+        _bundleService.lockCollateral(
+            instance,
+            applicationNftId, 
+            bundleNftId,
+            localCollateralAmount);
+
+        // update value locked with staking service
+        _staking.increaseTotalValueLocked(
+            instance.getNftId(),
+            token,
+            totalCollateralAmount);
+
+        // hierarhical riskpool setup
+        // TODO loop in with pool component to guarantee availability of external capital
+        if(totalCollateralAmount > localCollateralAmount) {
+
+        }
+    }
+
+
+    function reduceCollateral(
+        IInstance instance, 
+        address token,
+        NftId policyNftId, 
+        IPolicy.PolicyInfo memory policyInfo,
+        Amount payoutAmount
+    )
+        external
+        virtual
+        restricted()
+    {
+        _bundleService.releaseCollateral(
+            instance, 
+            policyNftId, 
+            policyInfo.bundleNftId, 
+            payoutAmount);
+
+        // update value locked with staking service
+        _staking.decreaseTotalValueLocked(
+            instance.getNftId(),
+            token,
+            payoutAmount);
+    }
+
+
+    /// @dev releases the remaining collateral linked to the specified policy
+    /// may only be called by the policy service for unlocked pool components
+    function releaseCollateral(
+        IInstance instance, 
+        address token,
+        NftId policyNftId, 
+        IPolicy.PolicyInfo memory policyInfo
+    )
+        external
+        virtual
+        restricted()
+    {
+        Amount remainingCollateralAmount = policyInfo.sumInsuredAmount - policyInfo.claimAmount;
+
+        _bundleService.releaseCollateral(
+            instance, 
+            policyNftId, 
+            policyInfo.bundleNftId, 
+            remainingCollateralAmount);
+
+        _bundleService.unlinkPolicy(
+            instance, 
+            policyNftId);
+
+        // update value locked with staking service
+        _staking.decreaseTotalValueLocked(
+            instance.getNftId(),
+            token,
+            remainingCollateralAmount);
+    }
+
+
+    function calculateRequiredCollateral(
+        InstanceReader instanceReader,
+        NftId productNftId, 
+        Amount sumInsuredAmount
+    )
+        public
+        view 
+        returns(
+            Amount localCollateralAmount,
+            Amount totalCollateralAmount
+        )
+    {
+        NftId poolNftId = instanceReader.getProductInfo(productNftId).poolNftId;
+        IComponents.PoolInfo memory poolInfo = instanceReader.getPoolInfo(poolNftId);
+
+        (
+            localCollateralAmount,
+            totalCollateralAmount
+        ) = calculateRequiredCollateral(
+            poolInfo.collateralizationLevel,
+            poolInfo.retentionLevel,
+            sumInsuredAmount);
+    }
+
+
+    function calculateRequiredCollateral(
+        UFixed collateralizationLevel, 
+        UFixed retentionLevel, 
+        Amount sumInsuredAmount
+    )
+        public
+        pure 
+        returns(
+            Amount localCollateralAmount,
+            Amount totalCollateralAmount
+        )
+    {
+        // TODO define if only applies to local collateral
+        // TODO add minimalistic implementation
+
+        // assumptions 
+        // - collateralizationLevel == 1.0
+        // - retentionLevel == 1.0
+        localCollateralAmount = sumInsuredAmount;
+        totalCollateralAmount = localCollateralAmount;
+    }
+
+
+    function _processStakingFees(
+        Fee memory stakingFee, 
+        Amount stakingAmount
+    )
+        internal
+        returns (Amount stakingNetAmount)
+    {
+        stakingNetAmount = stakingAmount;
+
+        // check if any staking fees apply
+        if (FeeLib.gtz(stakingFee)) {
+            (Amount feeAmount, Amount netAmount) = FeeLib.calculateFee(stakingFee, stakingAmount);
+            stakingNetAmount = netAmount;
+
+            // TODO update fee balance for pool
+        }
+    }
+
+
+    // TODO create (I)TreasuryService that deals with all gif related token transfers
+    /// @dev transfers the specified amount from the bundle owner to the pool's wallet
+    function _collectStakingAmount(
+        InstanceReader instanceReader,
+        NftId poolNftId,
+        address bundleOwner,
+        Amount amount
+    )
+        internal
+    {
+
+        // collecting investor token
+        IComponents.ComponentInfo memory componentInfo = instanceReader.getComponentInfo(poolNftId);
+        TokenHandler tokenHandler = componentInfo.tokenHandler;
+        address poolWallet = componentInfo.wallet;
+
+        if(amount.gtz()) {
+            uint256 allowance = IERC20Metadata(componentInfo.token).allowance(bundleOwner, address(tokenHandler));
+            if (allowance < amount.toInt()) {
+                revert ErrorPoolServiceWalletAllowanceTooSmall(bundleOwner, address(tokenHandler), allowance, amount.toInt());
+            }
+
+            // TODO: centralize token handling (issue #471)
+            tokenHandler.transfer(
+                bundleOwner,
+                poolWallet,
+                amount);
+        } else {
+            revert ErrorPoolServiceAmountIsZero();
+        }
+    }
+
+    function _getDomain() internal pure override returns(ObjectType) {
+        return POOL();
+    }
+}

package/contracts/pool/PoolServiceManager.sol

@@ -0,0 +1,39 @@
+// SPDX-License-Identifier: Apache-2.0
+pragma solidity ^0.8.20;
+
+import {IVersionable} from "../upgradeability/IVersionable.sol";
+import {ProxyManager} from "../upgradeability/ProxyManager.sol";
+import {PoolService} from "./PoolService.sol";
+
+contract PoolServiceManager is ProxyManager {
+
+    PoolService private _poolService;
+
+    /// @dev initializes proxy manager with pool service implementation 
+    constructor(
+        address authority, 
+        address registryAddress,
+        bytes32 salt
+    ) 
+        ProxyManager(registryAddress)
+    {
+        PoolService poolSrv = new PoolService{salt: salt}();
+        bytes memory data = abi.encode(registryAddress, address(this), authority);
+        IVersionable versionable = deployDetermenistic(
+            address(poolSrv), 
+            data,
+            salt);
+
+        _poolService = PoolService(address(versionable));
+    }
+
+    //--- view functions ----------------------------------------------------//
+    function getPoolService()
+        external
+        view
+        returns (PoolService poolService)
+    {
+        return _poolService;
+    }
+
+}