@etherisc/gif-next 0.0.2-e20063b-144 → 0.0.2-e200f36-952

package/contracts/product/IPricingService.sol

@@ -0,0 +1,39 @@
+// SPDX-License-Identifier: Apache-2.0
+pragma solidity ^0.8.20;
+
+import {Seconds} from "../type/Seconds.sol";
+import {NftId} from "../type/NftId.sol";
+import {ReferralId} from "../type/Referral.sol";
+import {RiskId} from "../type/RiskId.sol";
+import {Amount} from "../type/Amount.sol";
+
+import {IService} from "./IApplicationService.sol";
+import {IPolicy} from "../instance/module/IPolicy.sol";
+
+interface IPricingService is IService
+{
+
+    error ErrorPricingServiceTargetWalletAmountsMismatch();
+    error ErrorIPricingServiceBundlePoolMismatch(NftId bundleNftId, NftId bundlePoolNftId, NftId poolNftId);
+    error ErrorIPricingServiceFeeCalculationMismatch(
+                Amount distributionFeeFixAmount,
+                Amount distributionFeeVarAmount,
+                Amount distributionOwnerFeeFixAmount,
+                Amount distributionOwnerFeeVarAmount,
+                Amount commissionAmount,
+                Amount discountAmount
+            );
+
+    function calculatePremium(
+        NftId productNftId,
+        RiskId riskId,
+        Amount sumInsuredAmount,
+        Seconds lifetime,
+        bytes memory applicationData,
+        NftId bundleNftId,
+        ReferralId referralId
+    )
+        external
+        view
+        returns (IPolicy.PremiumInfo memory premium);
+}

package/contracts/product/IProductComponent.sol

@@ -0,0 +1,39 @@
+// SPDX-License-Identifier: Apache-2.0
+pragma solidity ^0.8.20;
+
+import {Amount} from "../type/Amount.sol";
+import {IInstanceLinkedComponent} from "../shared/IInstanceLinkedComponent.sol";
+import {IComponents} from "../instance/module/IComponents.sol";
+import {NftId} from "../type/NftId.sol";
+import {ReferralId} from "../type/Referral.sol";
+import {RiskId} from "../type/RiskId.sol";
+import {Seconds} from "../type/Seconds.sol";
+
+interface IProductComponent is
+    IInstanceLinkedComponent
+{
+
+    function calculatePremium(
+        Amount sumInsuredAmount,
+        RiskId riskId,
+        Seconds lifetime,
+        bytes memory applicationData,
+        NftId bundleNftId,
+        ReferralId referralId
+    ) external view returns (Amount premiumAmount);
+
+    function calculateNetPremium(
+        Amount sumInsuredAmount,
+        RiskId riskId,
+        Seconds lifetime,
+        bytes memory applicationData
+    ) external view returns (Amount netPremiumAmount);    
+
+    function getPoolNftId() external view returns (NftId poolNftId);
+    function getDistributionNftId() external view returns (NftId distributionNftId);
+
+
+    /// @dev returns initial pool specific infos for this pool
+    function getInitialProductInfo() external view returns (IComponents.ProductInfo memory info);
+    
+}

package/contracts/product/IRiskService.sol

@@ -0,0 +1,33 @@
+// SPDX-License-Identifier: Apache-2.0
+pragma solidity ^0.8.20;
+
+import {IRisk} from "../instance/module/IRisk.sol";
+import {IService} from "../shared/IService.sol";
+
+import {NftId} from "../type/NftId.sol";
+import {ReferralId} from "../type/Referral.sol";
+import {RiskId} from "../type/RiskId.sol";
+import {StateId} from "../type/StateId.sol";
+import {Timestamp} from "../type/Timestamp.sol";
+import {UFixed} from "../type/UFixed.sol";
+import {Fee} from "../type/Fee.sol";
+
+interface IRiskService is IService {
+
+    function createRisk(
+        RiskId riskId,
+        bytes memory data
+    ) external;
+
+
+    function updateRisk(
+        RiskId riskId,
+        bytes memory data
+    ) external;
+
+
+    function updateRiskState(
+        RiskId riskId,
+        StateId newState
+    ) external;
+}

package/contracts/product/PolicyService.sol

@@ -0,0 +1,574 @@
+// SPDX-License-Identifier: Apache-2.0
+pragma solidity ^0.8.20;
+
+import {IERC20Metadata} from "@openzeppelin/contracts/token/ERC20/extensions/IERC20Metadata.sol";
+
+import {IRegistry} from "../registry/IRegistry.sol";
+import {Product} from "./Product.sol";
+import {IComponents} from "../instance/module/IComponents.sol";
+import {IInstance} from "../instance/IInstance.sol";
+import {IPolicy} from "../instance/module/IPolicy.sol";
+
+import {TokenHandler} from "../shared/TokenHandler.sol";
+
+import {Amount, AmountLib} from "../type/Amount.sol";
+import {Timestamp, TimestampLib, zeroTimestamp} from "../type/Timestamp.sol";
+import {ObjectType, APPLICATION, COMPONENT, DISTRIBUTION, PRODUCT, POOL, POLICY, BUNDLE, CLAIM, PRICE} from "../type/ObjectType.sol";
+import {APPLIED, COLLATERALIZED, KEEP_STATE, CLOSED, DECLINED} from "../type/StateId.sol";
+import {NftId, NftIdLib} from "../type/NftId.sol";
+import {ReferralId} from "../type/Referral.sol";
+import {StateId} from "../type/StateId.sol";
+import {VersionPart} from "../type/Version.sol";
+
+import {ComponentVerifyingService} from "../shared/ComponentVerifyingService.sol";
+import {IApplicationService} from "./IApplicationService.sol";
+import {IBundleService} from "../pool/IBundleService.sol";
+import {IClaimService} from "./IClaimService.sol";
+import {IComponentService} from "../shared/IComponentService.sol";
+import {IDistributionService} from "../distribution/IDistributionService.sol";
+import {InstanceReader} from "../instance/InstanceReader.sol";
+import {InstanceStore} from "../instance/InstanceStore.sol";
+import {IPolicyService} from "./IPolicyService.sol";
+import {IPoolService} from "../pool/IPoolService.sol";
+import {IPricingService} from "./IPricingService.sol";
+
+contract PolicyService is
+    ComponentVerifyingService, 
+    IPolicyService
+{
+    using NftIdLib for NftId;
+    using TimestampLib for Timestamp;
+
+    IApplicationService internal _applicationService;
+    IComponentService internal _componentService;
+    IBundleService internal _bundleService;
+    IClaimService internal _claimService;
+    IDistributionService internal _distributionService;
+    IPoolService internal _poolService;
+    IPricingService internal _pricingService;
+
+    function _initialize(
+        address owner, 
+        bytes memory data
+    )
+        internal
+        virtual override
+        initializer
+    {
+        (
+            address registryAddress,, 
+            //address managerAddress
+            address authority
+        ) = abi.decode(data, (address, address, address));
+
+        initializeService(registryAddress, authority, owner);
+
+        VersionPart majorVersion = getVersion().toMajorPart();
+        _applicationService = IApplicationService(getRegistry().getServiceAddress(APPLICATION(), majorVersion));
+        _bundleService = IBundleService(getRegistry().getServiceAddress(BUNDLE(), majorVersion));
+        _componentService = IComponentService(getRegistry().getServiceAddress(COMPONENT(), majorVersion));
+        _claimService = IClaimService(getRegistry().getServiceAddress(CLAIM(), majorVersion));
+        _poolService = IPoolService(getRegistry().getServiceAddress(POOL(), majorVersion));
+        _distributionService = IDistributionService(getRegistry().getServiceAddress(DISTRIBUTION(), majorVersion));
+        _pricingService = IPricingService(getRegistry().getServiceAddress(PRICE(), majorVersion));
+
+        registerInterface(type(IPolicyService).interfaceId);
+    }
+
+
+    function decline(
+        NftId applicationNftId // = policyNftId
+    )
+        external
+        virtual override
+    {
+        (NftId productNftId,, IInstance instance) = _getAndVerifyActiveComponent(PRODUCT());
+        InstanceReader instanceReader = instance.getInstanceReader();
+
+        // check policy is in state applied
+        if (instanceReader.getPolicyState(applicationNftId) != APPLIED()) {
+            revert ErrorPolicyServicePolicyStateNotApplied(applicationNftId);
+        }
+
+        // check policy matches with calling product
+        IPolicy.PolicyInfo memory applicationInfo = instanceReader.getPolicyInfo(applicationNftId);
+        if(applicationInfo.productNftId != productNftId) {
+            revert ErrorPolicyServicePolicyProductMismatch(
+                applicationNftId, 
+                applicationInfo.productNftId, 
+                productNftId);
+        }
+        
+
+        // store updated policy info
+        instance.getInstanceStore().updatePolicyState(
+            applicationNftId, 
+            DECLINED());
+
+        emit LogPolicyServicePolicyDeclined(applicationNftId);
+    }
+
+
+    /// @inheritdoc IPolicyService
+    function createPolicy(
+        NftId applicationNftId, // = policyNftId
+        Timestamp activateAt
+    )
+        external 
+        virtual override
+    {
+        // check caller is registered product
+        (NftId productNftId,, IInstance instance) = _getAndVerifyActiveComponent(PRODUCT());
+        InstanceReader instanceReader = instance.getInstanceReader();
+
+        // check policy is in state applied
+        if (instanceReader.getPolicyState(applicationNftId) != APPLIED()) {
+            revert ErrorPolicyServicePolicyStateNotApplied(applicationNftId);
+        }
+
+        // check policy matches with calling product
+        IPolicy.PolicyInfo memory applicationInfo = instanceReader.getPolicyInfo(applicationNftId);
+        if(applicationInfo.productNftId != productNftId) {
+            revert ErrorPolicyServicePolicyProductMismatch(
+                applicationNftId, 
+                applicationInfo.productNftId, 
+                productNftId);
+        }
+        
+        // actual collateralizaion
+        _poolService.lockCollateral(
+            instance,
+            address(instanceReader.getComponentInfo(productNftId).token),
+            productNftId,
+            applicationNftId,
+            applicationInfo.bundleNftId,
+            applicationInfo.sumInsuredAmount);
+
+        // optional activation of policy
+        if(activateAt > zeroTimestamp()) {
+            applicationInfo = _activate(
+                applicationNftId, 
+                applicationInfo, 
+                activateAt);
+        }
+
+        // update policy and set state to collateralized
+        instance.getInstanceStore().updatePolicy(
+            applicationNftId, 
+            applicationInfo, 
+            COLLATERALIZED());
+
+        // calculate and store premium
+        IPolicy.PremiumInfo memory premium = _pricingService.calculatePremium(
+            productNftId,
+            applicationInfo.riskId,
+            applicationInfo.sumInsuredAmount,
+            applicationInfo.lifetime,
+            applicationInfo.applicationData,
+            applicationInfo.bundleNftId,
+            applicationInfo.referralId);
+
+        instance.getInstanceStore().createPremium(
+            applicationNftId,
+            premium);
+
+        // update referral counter 
+        {
+            IComponents.ProductInfo memory productInfo = instanceReader.getProductInfo(productNftId);
+            _distributionService.processReferral(
+                productInfo.distributionNftId, 
+                applicationInfo.referralId);
+        }
+        
+        // TODO add calling pool contract if it needs to validate application
+
+        // TODO: add logging
+
+        // TODO: add callback IPolicyHolder.policyActivated() if applicable
+    }
+
+
+    /// @inheritdoc IPolicyService
+    function collectPremium(
+        NftId policyNftId, 
+        Timestamp activateAt
+    )
+        external 
+        virtual
+    {
+        // check caller is registered product
+        (,, IInstance instance) = _getAndVerifyActiveComponent(PRODUCT());
+        InstanceReader instanceReader = instance.getInstanceReader();
+        StateId stateId = instanceReader.getPolicyState(policyNftId);
+
+        // check policy is in state collateralized or active
+        if (!(stateId == COLLATERALIZED())) {
+            revert ErrorPolicyServicePolicyStateNotCollateralized(policyNftId);
+        }
+
+        IPolicy.PolicyInfo memory policyInfo = instanceReader.getPolicyInfo(policyNftId);
+
+        // check if premium is already collected
+        if (policyInfo.premiumPaidAmount.gtz()) {
+            revert ErrorPolicyServicePremiumAlreadyPaid(policyNftId, policyInfo.premiumPaidAmount);
+        }
+
+        IPolicy.PremiumInfo memory premium = instanceReader.getPremiumInfo(policyNftId); 
+        policyInfo.premiumPaidAmount = premium.premiumAmount;
+
+        _processPremium(
+            instance,
+            policyNftId,
+            policyInfo,
+            premium);
+
+        // optionally activate policy
+        if(activateAt.gtz()) {
+            policyInfo = _activate(policyNftId, policyInfo, activateAt);
+        }
+
+        instance.getInstanceStore().updatePolicy(policyNftId, policyInfo, KEEP_STATE());
+
+        // TODO: add logging
+
+        _transferFunds(instanceReader, policyNftId, policyInfo.productNftId, premium);
+
+        // TODO: add callback IPolicyHolder.policyActivated() if applicable
+    }
+
+    /// @inheritdoc IPolicyService
+    function activate(NftId policyNftId, Timestamp activateAt) public override {
+        // check caller is registered product
+        (,, IInstance instance) = _getAndVerifyActiveComponent(PRODUCT());
+        InstanceReader instanceReader = instance.getInstanceReader();
+
+        IPolicy.PolicyInfo memory policyInfo = instanceReader.getPolicyInfo(policyNftId);
+        policyInfo = _activate(policyNftId, policyInfo, activateAt);
+
+        instance.getInstanceStore().updatePolicy(policyNftId, policyInfo, KEEP_STATE());
+
+        // TODO: add logging
+
+        // TODO: add callback IPolicyHolder.policyActivated() if applicable
+    }
+
+
+    /// @inheritdoc IPolicyService
+    function expire(
+        NftId policyNftId,
+        Timestamp expireAt
+    )
+        external
+        override
+        virtual
+        returns (Timestamp expiredAt)
+    {
+        (NftId productNftId,, IInstance instance) = _getAndVerifyActiveComponent(PRODUCT());
+        InstanceReader instanceReader = instance.getInstanceReader();
+
+        // check policy matches with calling product
+        IPolicy.PolicyInfo memory policyInfo = instanceReader.getPolicyInfo(policyNftId);
+        if(policyInfo.productNftId != productNftId) {
+            revert ErrorPolicyServicePolicyProductMismatch(
+                policyNftId, 
+                policyInfo.productNftId, 
+                productNftId);
+        }
+
+        // check policy is active
+        StateId policyState = instanceReader.getPolicyState(policyNftId);
+        if (!_policyHasBeenActivated(policyState, policyInfo)) {
+            revert ErrorPolicyServicePolicyNotActive(policyNftId, policyState);
+        }
+
+        // set return value to provided timestamp
+        expiredAt = expireAt;
+
+        // update expiredAt to current block timestamp if not set
+        if (expiredAt.eqz()) {
+            expiredAt = TimestampLib.blockTimestamp();
+        }
+
+        // check expiredAt represents a valid expiry time
+        if (expiredAt >= policyInfo.expiredAt) {
+            revert ErrorPolicyServicePolicyExpirationTooLate(policyNftId, policyInfo.expiredAt, expireAt);
+        }
+        if (expiredAt < TimestampLib.blockTimestamp()) {
+            revert ErrorPolicyServicePolicyExpirationTooEarly(policyNftId, TimestampLib.blockTimestamp(), expireAt);
+        }
+
+        // update policyInfo with new expiredAt timestamp
+        policyInfo.expiredAt = expiredAt;
+        instance.getInstanceStore().updatePolicy(policyNftId, policyInfo, KEEP_STATE());
+
+        emit LogPolicyServicePolicyExpirationUpdated(policyNftId, expiredAt);
+
+        // TODO: add callback IPolicyHolder.policyExpired() if applicable
+    }
+
+
+    function close(
+        NftId policyNftId
+    )
+        external 
+        override
+    {
+        (,, IInstance instance) = _getAndVerifyActiveComponent(PRODUCT());
+        InstanceReader instanceReader = instance.getInstanceReader();
+
+        // check that policy has been activated
+        IPolicy.PolicyInfo memory policyInfo = instanceReader.getPolicyInfo(policyNftId);
+        StateId policyState = instanceReader.getPolicyState(policyNftId);
+        if (!_policyHasBeenActivated(policyState, policyInfo)) {
+            revert ErrorPolicyServicePolicyNotActive(policyNftId, policyState);
+        }
+
+        // check that policy has not already been closed
+        if (policyInfo.closedAt.gtz()) {
+            revert ErrorPolicyServicePolicyAlreadyClosed(policyNftId);
+        }
+
+        // check that policy does not have any open claims
+        if (policyInfo.openClaimsCount > 0) {
+            revert ErrorPolicyServiceOpenClaims(policyNftId, policyInfo.openClaimsCount);
+        }
+
+        // TODO consider to allow for underpaid premiums (with the effects of reducing max payouts accordingly)
+        // TODO consider to remove requirement for fully paid premiums altogether
+        if (!(policyInfo.premiumAmount == policyInfo.premiumPaidAmount)) {
+            revert ErrorPolicyServicePremiumNotFullyPaid(policyNftId, policyInfo.premiumAmount, policyInfo.premiumPaidAmount);
+        }
+
+        // release (remaining) collateral that was blocked by policy
+        _poolService.releaseCollateral(
+            instance, 
+            address(instanceReader.getComponentInfo(policyInfo.productNftId).token),
+            policyNftId, 
+            policyInfo);
+
+        // TODO consider to also set expiredAt to current block timestamp if that timestamp is still in the futue
+
+        // update policy state to closed
+        policyInfo.closedAt = TimestampLib.blockTimestamp();
+        instance.getInstanceStore().updatePolicy(policyNftId, policyInfo, CLOSED());
+
+        // TODO add logging
+    }
+
+
+    /// @dev calculates the premium and updates all counters in the other services
+    function _processPremium(
+        IInstance instance,
+        NftId applicationNftId,
+        IPolicy.PolicyInfo memory applicationInfo,
+        IPolicy.PremiumInfo memory premium
+    )
+        internal
+        virtual
+    {
+        NftId productNftId = applicationInfo.productNftId;
+        InstanceReader instanceReader = instance.getInstanceReader();
+
+        // check if premium balance and allowance of policy holder is sufficient
+        {
+            TokenHandler tokenHandler = _getTokenHandler(instanceReader, productNftId);
+            address policyHolder = getRegistry().ownerOf(applicationNftId);
+        
+            _checkPremiumBalanceAndAllowance(
+                tokenHandler.getToken(), 
+                address(tokenHandler),
+                policyHolder, 
+                premium.premiumAmount);
+        }
+
+        // update the counters
+        _processSale(
+            instanceReader, 
+            instance.getInstanceStore(), 
+            productNftId, 
+            applicationInfo.bundleNftId, 
+            applicationInfo.referralId, 
+            premium);
+    }
+
+    function _activate(
+        NftId policyNftId, 
+        IPolicy.PolicyInfo memory policyInfo,
+        Timestamp activateAt
+    )
+        internal
+        virtual
+        view 
+        returns (IPolicy.PolicyInfo memory)
+    {
+        // fail if policy has already been activated and activateAt is different
+        if(! policyInfo.activatedAt.eqz() && activateAt != policyInfo.activatedAt) {
+            revert ErrorPolicyServicePolicyAlreadyActivated(policyNftId);
+        }
+
+        // ignore if policy has already been activated and activateAt is the same
+        if (policyInfo.activatedAt == activateAt) {
+            return policyInfo;
+        }
+
+        policyInfo.activatedAt = activateAt;
+        policyInfo.expiredAt = activateAt.addSeconds(policyInfo.lifetime);
+
+        return policyInfo;
+    }
+
+    /// @dev update counters by calling the involved services
+    function _processSale(
+        InstanceReader instanceReader,
+        InstanceStore instanceStore,
+        NftId productNftId,
+        NftId bundleNftId,
+        ReferralId referralId,
+        IPolicy.PremiumInfo memory premium
+    )
+        internal
+        virtual
+    {
+        (NftId distributionNftId, , , ) = _getDistributionNftAndWallets(
+            instanceReader, 
+            productNftId);
+
+        // update product fees, distribution and pool fees 
+        _componentService.increaseProductFees(
+            instanceStore, 
+            productNftId, 
+            premium.productFeeVarAmount + premium.productFeeFixAmount);
+
+        // update distribution fees and distributor commission and pool fees 
+        _distributionService.processSale(
+            distributionNftId, 
+            referralId, 
+            premium);
+
+        // update pool and bundle fees 
+        _poolService.processSale(
+            bundleNftId, 
+            premium);
+    }
+
+
+    /// @dev transfer the premium to the wallets the premium is distributed to
+    function _transferFunds(
+        InstanceReader instanceReader,
+        NftId policyNftId,
+        NftId productNftId,
+        IPolicy.PremiumInfo memory premium
+    )
+        internal
+        virtual
+    {
+        TokenHandler tokenHandler = _getTokenHandler(instanceReader, productNftId);
+        address policyHolder = getRegistry().ownerOf(policyNftId);
+
+        (
+            ,
+            address distributionWallet,
+            address poolWallet,
+            address productWallet
+        ) = _getDistributionNftAndWallets(
+            instanceReader, 
+            productNftId);
+
+        tokenHandler.collectTokensToThreeRecipients(
+            policyHolder,
+            productWallet,
+            premium.productFeeAmount,
+            distributionWallet,
+            premium.distributionFeeAndCommissionAmount,
+            poolWallet,
+            premium.poolPremiumAndFeeAmount);
+    }
+
+
+    /// @dev checks that policy has been collateralized and has been activated.
+    /// does not check if policy has been expired or closed.
+    function _policyHasBeenActivated(
+        StateId policyState,
+        IPolicy.PolicyInfo memory policyInfo
+    )
+        internal
+        view
+        returns (bool)
+    {
+        if (policyState != COLLATERALIZED()) { return false; } 
+        if (TimestampLib.blockTimestamp() < policyInfo.activatedAt) { return false; } 
+        return true;
+    }
+
+
+    /// @dev checks the balance and allowance of the policy holder
+    function _checkPremiumBalanceAndAllowance(
+        IERC20Metadata token,
+        address tokenHandlerAddress, 
+        address policyHolder, 
+        Amount premiumAmount
+    )
+        internal
+        virtual
+        view
+    {
+        uint256 premium = premiumAmount.toInt();
+        uint256 balance = token.balanceOf(policyHolder);
+        uint256 allowance = token.allowance(policyHolder, tokenHandlerAddress);
+    
+        if (balance < premium) {
+            revert ErrorPolicyServiceBalanceInsufficient(policyHolder, premium, balance);
+        }
+
+        if (allowance < premium) {
+            revert ErrorPolicyServiceAllowanceInsufficient(policyHolder, tokenHandlerAddress, premium, allowance);
+        }
+    }
+
+
+    function _getTokenHandler(
+        InstanceReader instanceReader,
+        NftId productNftId
+    )
+        internal 
+        virtual
+        view 
+        returns (
+            TokenHandler tokenHandler
+        )
+    {
+        tokenHandler = instanceReader.getComponentInfo(productNftId).tokenHandler;
+    }
+
+    function _getDistributionNftAndWallets(
+        InstanceReader instanceReader,
+        NftId productNftId
+    )
+        internal 
+        virtual
+        view returns (
+            NftId distributionNftId,
+            address distributionWallet,
+            address poolWallet,
+            address productWallet
+        )
+    {
+        IComponents.ProductInfo memory productInfo = instanceReader.getProductInfo(productNftId);
+        distributionNftId = productInfo.distributionNftId;
+        distributionWallet = instanceReader.getComponentInfo(distributionNftId).wallet;
+        poolWallet = instanceReader.getComponentInfo(productInfo.poolNftId).wallet;
+        productWallet = instanceReader.getComponentInfo(productNftId).wallet;
+    }
+
+
+    function _getAndVerifyInstanceAndProduct() internal view returns (Product product) {
+        IRegistry.ObjectInfo memory productInfo;
+        (, productInfo,) = _getAndVerifyActiveComponent(PRODUCT());
+        product = Product(productInfo.objectAddress);
+    }
+
+
+    function _getDomain() internal pure override returns(ObjectType) {
+        return POLICY();
+    }
+}