@etherisc/gif-next 0.0.2-c637cfc-718 → 0.0.2-c68eaf3-087

package/contracts/pool/IPoolService.sol

@@ -2,14 +2,15 @@
 pragma solidity ^0.8.20;
 
 import {Amount} from "../type/Amount.sol";
+import {ClaimId} from "../type/ClaimId.sol";
 import {Fee} from "../type/Fee.sol";
-import {NftId} from "../type/NftId.sol";
-import {PayoutId} from "../type/PayoutId.sol";
 import {IBundle} from "../instance/module/IBundle.sol";
 import {IInstance} from "../instance/IInstance.sol";
 import {InstanceReader} from "../instance/InstanceReader.sol";
 import {IPolicy} from "../instance/module/IPolicy.sol";
 import {IService} from "../shared/IService.sol";
+import {NftId} from "../type/NftId.sol";
+import {PayoutId} from "../type/PayoutId.sol";
 import {RoleId} from "../type/RoleId.sol";
 import {Seconds} from "../type/Seconds.sol";
 import {StateId} from "../type/StateId.sol";
@@ -26,14 +27,13 @@ interface IPoolService is IService {
     event LogPoolServiceBundleStaked(NftId instanceNftId, NftId poolNftId, NftId bundleNftId, Amount amount, Amount netAmount);
     event LogPoolServiceBundleUnstaked(NftId instanceNftId, NftId poolNftId, NftId bundleNftId, Amount amount);
 
+    event LogPoolServiceProcessFundedClaim(NftId policyNftId, ClaimId claimId, Amount availableAmount);
+
+    error ErrorPoolServicePolicyPoolMismatch(NftId policyNftId, NftId productNftId, NftId expectedProductNftId);
     error ErrorPoolServiceBundleOwnerRoleAlreadySet(NftId poolNftId);
     error ErrorPoolServiceInvalidTransferAmount(Amount expectedAmount, Amount actualAmount);
     error ErrorPoolServiceBundlePoolMismatch(NftId bundleNftId, NftId poolNftId);
     error ErrorPoolServiceMaxBalanceAmountExceeded(NftId poolNftId, Amount maxBalanceAmount, Amount currentBalanceAmount, Amount transferAmount);
-    
-    /// @dev defines the required role for bundle owners for the calling pool
-    /// default implementation returns PUBLIC ROLE
-    function setBundleOwnerRole(RoleId bundleOwnerRole) external;
 
     /// @dev sets the max balance amount for the calling pool
     function setMaxBalanceAmount(Amount maxBalanceAmount) external;
@@ -68,10 +68,10 @@ interface IPoolService is IService {
     ) external;
 
 
-    /// @dev reduces the locked collateral in the bundle associated with the specified policy
+    /// @dev reduces the locked collateral in the bundle associated with the specified policy and updates pool/bundle counters
     /// every payout of a policy reduces the collateral by the payout amount
     /// may only be called by the claim service for unlocked pool components
-    function reduceCollateral(
+    function processPayout(
         IInstance instance, 
         address token,
         NftId policyNftId, 
@@ -112,6 +112,11 @@ interface IPoolService is IService {
     function closeBundle(NftId bundleNftId) external;
 
 
+    /// @dev Informs product about available funds to process a confirmed claim.
+    /// The function triggers a callback to the product component when the product's property isProcessingFundedClaims is set.
+    function processFundedClaim(NftId policyNftId, ClaimId claimId, Amount availableAmount) external;
+
+
     /// @dev Fund the specified pool wallet with the provided amount.
     /// This function will collect the amount from the sender address and transfers it to the pool wallet.
     /// The function will not update balance amounts managed by the framework.
@@ -130,7 +135,7 @@ interface IPoolService is IService {
     function processSale(NftId bundleNftId, IPolicy.PremiumInfo memory premium) external;
 
 
-    /// @dev calulate required collateral for the provided parameters
+    /// @dev Calulate required collateral for the provided parameters.
     function calculateRequiredCollateral(
         InstanceReader instanceReader,
         NftId productNftId, 
@@ -139,12 +144,14 @@ interface IPoolService is IService {
         external
         view 
         returns(
-            Amount localCollateralAmount,
-            Amount totalCollateralAmount
+            Amount totalCollateralAmount,
+            Amount localCollateralAmount
         );
 
 
-    /// @dev calulate required collateral for the provided parameters
+    /// @dev calulate required collateral for the provided parameters.
+    /// Collateralization is applied to sum insured.
+    /// Retention level defines the fraction of the collateral that is required locally.
     function calculateRequiredCollateral(
         UFixed collateralizationLevel, 
         UFixed retentionLevel, 
@@ -153,8 +160,8 @@ interface IPoolService is IService {
         external
         pure 
         returns(
-            Amount localCollateralAmount,
-            Amount totalCollateralAmount
+            Amount totalCollateralAmount,
+            Amount localCollateralAmount
         );
 
 }

package/contracts/pool/Pool.sol

@@ -2,7 +2,8 @@
 pragma solidity ^0.8.20;
 
 import {Amount, AmountLib} from "../type/Amount.sol";
-import {BUNDLE, COMPONENT, POOL} from "../type/ObjectType.sol";
+import {BUNDLE, COMPONENT, POLICY, POOL} from "../type/ObjectType.sol";
+import {ClaimId} from "../type/ClaimId.sol";
 import {IBundleService} from "./IBundleService.sol";
 import {IAuthorization} from "../authorization/IAuthorization.sol";
 import {IPoolComponent} from "./IPoolComponent.sol";
@@ -10,13 +11,12 @@ import {IPoolService} from "./IPoolService.sol";
 import {IComponents} from "../instance/module/IComponents.sol";
 import {IComponentService} from "../shared/IComponentService.sol";
 import {InstanceLinkedComponent} from "../shared/InstanceLinkedComponent.sol";
-import {Fee, FeeLib} from "../type/Fee.sol";
-import {NftId, NftIdLib} from "../type/NftId.sol";
+import {Fee} from "../type/Fee.sol";
+import {NftId} from "../type/NftId.sol";
 import {RoleId, PUBLIC_ROLE} from "../type/RoleId.sol";
 import {Seconds} from "../type/Seconds.sol";
 import {Timestamp} from "../type/Timestamp.sol";
-import {TokenHandler} from "../shared/TokenHandler.sol";
-import {UFixed, UFixedLib} from "../type/UFixed.sol";
+import {UFixedLib} from "../type/UFixed.sol";
 
 abstract contract Pool is
     InstanceLinkedComponent, 
@@ -51,6 +51,7 @@ abstract contract Pool is
         public
         virtual
         restricted()
+        onlyNftOfType(applicationNftId, POLICY())
     {
         if(!applicationMatchesBundle(
             applicationNftId,
@@ -67,6 +68,21 @@ abstract contract Pool is
     }
 
 
+    /// @dev see {IPoolComponent.processConfirmedClaim}
+    function processConfirmedClaim(
+        NftId policyNftId, 
+        ClaimId claimId, 
+        Amount amount
+    )
+        public
+        virtual
+        restricted()
+        onlyNftOfType(policyNftId, POLICY())
+    {
+        // default implementation is empty
+    }
+
+
     /// @dev see {IPoolComponent.applicationMatchesBundle}
     /// Override this function to implement any custom application verification 
     /// Default implementation always returns true
@@ -80,27 +96,20 @@ abstract contract Pool is
         public
         virtual
         view
+        onlyNftOfType(applicationNftId, POLICY())
+        onlyNftOfType(bundleNftId, BUNDLE())
         returns (bool isMatching)
     {
         return true;
     }
 
-
-    function register()
-        external
-        virtual
-        onlyOwner()
-    {
-        _getPoolStorage()._componentService.registerPool();
-        _approveTokenHandler(type(uint256).max);
-    }
-
     /// @inheritdoc IPoolComponent
     function withdrawBundleFees(NftId bundleNftId, Amount amount) 
         external 
         virtual
         restricted()
         onlyBundleOwner(bundleNftId)
+        onlyNftOfType(bundleNftId, BUNDLE())
         returns (Amount withdrawnAmount) 
     {
         return _withdrawBundleFees(bundleNftId, amount);
@@ -117,6 +126,7 @@ abstract contract Pool is
             maxBalanceAmount: AmountLib.max(),
             bundleOwnerRole: PUBLIC_ROLE(), 
             isInterceptingBundleTransfers: isNftInterceptor(),
+            isProcessingConfirmedClaims: false,
             isExternallyManaged: false,
             isVerifyingApplications: false,
             collateralizationLevel: UFixedLib.toUFixed(1),
@@ -128,13 +138,12 @@ abstract contract Pool is
 
     function _initializePool(
         address registry,
-        NftId instanceNftId,
+        NftId productNftId,
         string memory name,
         address token,
         IAuthorization authorization,
         bool isInterceptingNftTransfers,
         address initialOwner,
-        bytes memory registryData, // writeonly data that will saved in the object info record of the registry
         bytes memory componentData // component specifidc data 
     )
         internal
@@ -143,14 +152,13 @@ abstract contract Pool is
     {
         _initializeInstanceLinkedComponent(
             registry, 
-            instanceNftId, 
+            productNftId,  
             name, 
             token, 
             POOL(), 
             authorization, 
             isInterceptingNftTransfers, 
             initialOwner, 
-            registryData, 
             componentData);
 
         PoolStorage storage $ = _getPoolStorage();
@@ -260,16 +268,6 @@ abstract contract Pool is
         _getPoolStorage()._poolService.setMaxBalanceAmount(maxBalanceAmount);
     }
 
-    /// @dev Sets the required role to create/own bundles.
-    /// May only be called once after setting up a pool.
-    /// May only be called by pool owner.
-    function _setBundleOwnerRole(RoleId bundleOwnerRole)
-        internal
-        virtual
-    {
-        _getPoolStorage()._poolService.setBundleOwnerRole(bundleOwnerRole);
-    }
-
 
     /// @dev Update pool fees to the specified values.
     /// Pool fee: are deducted from the premium amount and goes to the pool owner.
@@ -318,6 +316,17 @@ abstract contract Pool is
         return _getPoolStorage()._bundleService.withdrawBundleFees(bundleNftId, amount);
     }
 
+    function _processFundedClaim(
+        NftId policyNftId, 
+        ClaimId claimId, 
+        Amount availableAmount
+    )
+        internal
+    {
+        _getPoolStorage()._poolService.processFundedClaim(
+            policyNftId, claimId, availableAmount);
+    }
+
     function _getPoolStorage() private pure returns (PoolStorage storage $) {
         assembly {
             $.slot := POOL_STORAGE_LOCATION_V1

package/contracts/pool/PoolService.sol

@@ -6,18 +6,17 @@ 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 {IProductComponent} from "../product/IProductComponent.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 {ClaimId} from "../type/ClaimId.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 {ObjectType, POOL, BUNDLE, PRODUCT, POLICY, COMPONENT} from "../type/ObjectType.sol";
 import {Fee, FeeLib} from "../type/Fee.sol";
 import {KEEP_STATE} from "../type/StateId.sol";
 import {Seconds} from "../type/Seconds.sol";
@@ -34,9 +33,6 @@ contract PoolService is
 {
     IBundleService internal _bundleService;
     IComponentService internal _componentService;
-    IInstanceService private _instanceService;
-    IRegistryService private _registryService;
-
     IStaking private _staking;
 
     function _initialize(
@@ -54,16 +50,14 @@ contract PoolService is
 
         _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
@@ -80,26 +74,6 @@ contract PoolService is
         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(
@@ -127,20 +101,13 @@ contract PoolService is
         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
     {
+        _checkNftType(bundleNftId, BUNDLE());
+
         (NftId poolNftId,, IInstance instance) = _getAndVerifyActiveComponent(POOL());
 
         // TODO get performance fee for pool (#477)
@@ -165,6 +132,41 @@ contract PoolService is
         }
     }
 
+
+    /// @inheritdoc IPoolService
+    function processFundedClaim(
+        NftId policyNftId, 
+        ClaimId claimId, 
+        Amount availableAmount
+    ) 
+        external
+        virtual
+    {
+        _checkNftType(policyNftId, POLICY());
+
+        (NftId poolNftId,, IInstance instance) = _getAndVerifyActiveComponent(POOL());
+        InstanceReader instanceReader = instance.getInstanceReader();
+        NftId productNftId = _getProductNftId(poolNftId);
+
+        // check policy matches with calling pool
+        IPolicy.PolicyInfo memory policyInfo = instanceReader.getPolicyInfo(policyNftId);
+        if(policyInfo.productNftId != productNftId) {
+            revert ErrorPoolServicePolicyPoolMismatch(
+                policyNftId, 
+                policyInfo.productNftId, 
+                productNftId);
+        }
+
+        emit LogPoolServiceProcessFundedClaim(policyNftId, claimId, availableAmount);
+
+        // callback to product component if applicable
+        if (instanceReader.getProductInfo(productNftId).isProcessingFundedClaims) {
+            address productAddress = getRegistry().getObjectAddress(productNftId);
+            IProductComponent(productAddress).processFundedClaim(policyNftId, claimId, availableAmount);
+        }
+    }
+
+
     /// @inheritdoc IPoolService
     function stake(NftId bundleNftId, Amount amount) 
         external 
@@ -172,6 +174,8 @@ contract PoolService is
         // TODO: restricted() (once #462 is done)
         returns(Amount netAmount) 
     {
+        _checkNftType(bundleNftId, BUNDLE());
+
         (NftId poolNftId,, IInstance instance) = _getAndVerifyActiveComponent(POOL());
         InstanceReader instanceReader = instance.getInstanceReader();
         IBundle.BundleInfo memory bundleInfo = instanceReader.getBundleInfo(bundleNftId);
@@ -189,13 +193,19 @@ contract PoolService is
         }
 
         // calculate fees
+        IRegistry registry = getRegistry();
         Amount feeAmount;
-        (
-            feeAmount,
-            netAmount
-        ) = FeeLib.calculateFee(
-            _getStakingFee(instanceReader, poolNftId), 
-            amount);
+
+        {
+            NftId productNftId = registry.getObjectInfo(poolNftId).parentNftId;
+            Fee memory stakingFee = instanceReader.getProductInfo(productNftId).stakingFee;
+            (
+                feeAmount,
+                netAmount
+            ) = FeeLib.calculateFee(
+                stakingFee, 
+                amount);
+        }
 
         // do all the bookkeeping
         _componentService.increasePoolBalance(
@@ -207,7 +217,7 @@ contract PoolService is
         _bundleService.stake(instance, bundleNftId, netAmount);
 
         // collect tokens from bundle owner
-        address bundleOwner = getRegistry().ownerOf(bundleNftId);
+        address bundleOwner = registry.ownerOf(bundleNftId);
         emit LogPoolServiceBundleStaked(instance.getNftId(), poolNftId, bundleNftId, amount, netAmount);
 
         // TODO only collect staking token when pool is not externally managed 
@@ -225,6 +235,8 @@ contract PoolService is
         // TODO: restricted() (once #462 is done)
         returns(Amount netAmount) 
     {
+        _checkNftType(bundleNftId, BUNDLE());
+
         (NftId poolNftId,, IInstance instance) = _getAndVerifyActiveComponent(POOL());
         InstanceReader instanceReader = instance.getInstanceReader();
         InstanceStore instanceStore = instance.getInstanceStore();
@@ -250,14 +262,15 @@ contract PoolService is
             AmountLib.zero());
 
         IComponents.ComponentInfo memory poolComponentInfo = instanceReader.getComponentInfo(poolNftId);
-        address poolWallet = poolComponentInfo.wallet;
+
         // transfer amount to bundle owner
         address owner = getRegistry().ownerOf(bundleNftId);
         emit LogPoolServiceBundleUnstaked(instance.getNftId(), poolNftId, bundleNftId, unstakedAmount);
         poolComponentInfo.tokenHandler.distributeTokens(
-            poolWallet, 
+            poolComponentInfo.wallet, 
             owner, 
             unstakedAmount);
+
         return unstakedAmount;
     }
 
@@ -267,6 +280,7 @@ contract PoolService is
         virtual
         restricted()
     {
+        _checkNftType(poolNftId, POOL());
         // TODO check that poolNftId is externally managed
         // TODO implement
     }
@@ -277,6 +291,8 @@ contract PoolService is
         virtual
         restricted()
     {
+        _checkNftType(poolNftId, POOL());
+
         // TODO check that poolNftId is externally managed
         // TODO implement
     }
@@ -289,11 +305,12 @@ contract PoolService is
         virtual
         restricted()
     {
+        _checkNftType(bundleNftId, BUNDLE());
+
         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);
+        IRegistry.ObjectInfo memory bundleInfo = registry.getObjectInfo(bundleNftId);
+        IRegistry.ObjectInfo memory poolInfo = registry.getObjectInfo(bundleInfo.parentNftId);
+        IInstance instance = _getInstanceForComponent(registry, poolInfo);
 
         Amount poolFeeAmount = premium.poolFeeFixAmount + premium.poolFeeVarAmount;
         Amount bundleFeeAmount = premium.bundleFeeFixAmount + premium.bundleFeeVarAmount;
@@ -302,13 +319,13 @@ contract PoolService is
         InstanceStore instanceStore = instance.getInstanceStore();
         _componentService.increasePoolBalance(
             instanceStore,
-            poolObjectInfo.nftId,
+            poolInfo.nftId,
             bundleNetAmount + bundleFeeAmount, 
             poolFeeAmount);
 
         _componentService.increaseBundleBalance(
             instanceStore,
-            bundleObjectInfo.nftId,
+            bundleInfo.nftId,
             bundleNetAmount, 
             bundleFeeAmount);
     }
@@ -326,13 +343,17 @@ contract PoolService is
         virtual
         restricted()
         returns (
-            Amount localCollateralAmount,
-            Amount totalCollateralAmount
+            Amount totalCollateralAmount,
+            Amount localCollateralAmount
         )
     {
+        _checkNftType(productNftId, PRODUCT());
+        _checkNftType(applicationNftId, POLICY());
+        _checkNftType(bundleNftId, BUNDLE());
+
         (
-            localCollateralAmount,
-            totalCollateralAmount
+            totalCollateralAmount,
+            localCollateralAmount
         ) = calculateRequiredCollateral(
             instance.getInstanceReader(),
             productNftId, 
@@ -350,16 +371,9 @@ contract PoolService is
             instance.getNftId(),
             token,
             totalCollateralAmount);
-
-        // hierarhical riskpool setup
-        // TODO loop in with pool component to guarantee availability of external capital
-        if(totalCollateralAmount > localCollateralAmount) {
-
-        }
     }
 
-
-    function reduceCollateral(
+    function processPayout(
         IInstance instance, 
         address token,
         NftId policyNftId, 
@@ -370,6 +384,24 @@ contract PoolService is
         virtual
         restricted()
     {
+        _checkNftType(policyNftId, POLICY());
+
+        NftId bundleNftId = policyInfo.bundleNftId;
+        NftId poolNftId = getRegistry().getObjectInfo(bundleNftId).parentNftId;
+        InstanceStore instanceStore = instance.getInstanceStore();
+        
+        _componentService.decreasePoolBalance(
+            instanceStore,
+            poolNftId,
+            payoutAmount, 
+            AmountLib.zero());
+
+        _componentService.decreaseBundleBalance(
+            instanceStore,
+            bundleNftId,
+            payoutAmount, 
+            AmountLib.zero());
+
         _bundleService.releaseCollateral(
             instance, 
             policyNftId, 
@@ -396,6 +428,8 @@ contract PoolService is
         virtual
         restricted()
     {
+        _checkNftType(policyNftId, POLICY());
+
         Amount remainingCollateralAmount = policyInfo.sumInsuredAmount - policyInfo.claimAmount;
 
         _bundleService.releaseCollateral(
@@ -424,16 +458,18 @@ contract PoolService is
         public
         view 
         returns(
-            Amount localCollateralAmount,
-            Amount totalCollateralAmount
+            Amount totalCollateralAmount,
+            Amount localCollateralAmount
         )
     {
+        _checkNftType(productNftId, PRODUCT());
+
         NftId poolNftId = instanceReader.getProductInfo(productNftId).poolNftId;
         IComponents.PoolInfo memory poolInfo = instanceReader.getPoolInfo(poolNftId);
 
         (
-            localCollateralAmount,
-            totalCollateralAmount
+            totalCollateralAmount,
+            localCollateralAmount
         ) = calculateRequiredCollateral(
             poolInfo.collateralizationLevel,
             poolInfo.retentionLevel,
@@ -449,18 +485,17 @@ contract PoolService is
         public
         pure 
         returns(
-            Amount localCollateralAmount,
-            Amount totalCollateralAmount
+            Amount totalCollateralAmount,
+            Amount localCollateralAmount
         )
     {
-        // TODO define if only applies to local collateral
-        // TODO add minimalistic implementation
-
-        // assumptions 
-        // - collateralizationLevel == 1.0
-        // - retentionLevel == 1.0
-        localCollateralAmount = sumInsuredAmount;
-        totalCollateralAmount = localCollateralAmount;
+        // collateralization is applied to sum insured
+        UFixed totalUFixed = collateralizationLevel * sumInsuredAmount.toUFixed();
+        totalCollateralAmount = AmountLib.toAmount(totalUFixed.toInt());
+
+        // retention level defines how much capital is required locally
+        localCollateralAmount = AmountLib.toAmount(
+            (retentionLevel * totalUFixed).toInt());
     }
 
 
@@ -469,6 +504,7 @@ contract PoolService is
         Amount stakingAmount
     )
         internal
+        pure
         returns (Amount stakingNetAmount)
     {
         stakingNetAmount = stakingAmount;