@pendle/core-v2 1.2.0-mainnet → 1.2.0-testnet

package/contracts/core/StandardizedYield/implementations/BalancerStable/base/FixedPoint.sol

@@ -0,0 +1,68 @@
+// SPDX-License-Identifier: GPL-3.0-or-later
+pragma solidity ^0.8.17;
+
+/* solhint-disable private-vars-leading-underscore */
+
+/**
+ * @dev forked from https://etherscan.io/token/0x8e85e97ed19c0fa13b2549309965291fbbc0048b#code
+ * with omitted overflow checks given solidity version
+ */
+
+library FixedPoint {
+    uint256 internal constant ONE = 1e18; // 18 decimal places
+    uint256 internal constant TWO = 2 * ONE;
+    uint256 internal constant FOUR = 4 * ONE;
+
+    function add(uint256 a, uint256 b) internal pure returns (uint256) {
+        return a + b;
+    }
+
+    function sub(uint256 a, uint256 b) internal pure returns (uint256) {
+        return a - b;
+    }
+
+    function mulDown(uint256 a, uint256 b) internal pure returns (uint256) {
+        return (a * b) / ONE;
+    }
+
+    function mulUp(uint256 a, uint256 b) internal pure returns (uint256) {
+        uint256 product = a * b;
+        if (product == 0) {
+            return 0;
+        } else {
+            unchecked {
+                return ((product - 1) / ONE) + 1;
+            }
+        }
+    }
+
+    function divDown(uint256 a, uint256 b) internal pure returns (uint256) {
+        require(b != 0, "Zero division");
+
+        if (a == 0) {
+            return 0;
+        } else {
+            uint256 aInflated = a * ONE;
+            return aInflated / b;
+        }
+    }
+
+    function divUp(uint256 a, uint256 b) internal pure returns (uint256) {
+        require(b != 0, "Zero division");
+
+        if (a == 0) {
+            return 0;
+        } else {
+            uint256 aInflated = a * ONE;
+            unchecked {
+                return ((aInflated - 1) / b) + 1;
+            }
+        }
+    }
+
+    function complement(uint256 x) internal pure returns (uint256) {
+        unchecked {
+            return (x < ONE) ? (ONE - x) : 0;
+        }
+    }
+}

package/contracts/core/StandardizedYield/implementations/BalancerStable/base/MetaStable/MetaStableMath.sol

@@ -0,0 +1,322 @@
+// SPDX-License-Identifier: GPL-3.0-or-later
+pragma solidity ^0.8.17;
+
+import "../FixedPoint.sol";
+
+// almost copy-paste from https://etherscan.io/token/0x1e19cf2d73a72ef1332c882f20534b6519be0276#code
+library MetaStableMath {
+    using FixedPoint for uint256;
+
+    uint256 internal constant _MIN_AMP = 1;
+    uint256 internal constant _MAX_AMP = 5000;
+    uint256 internal constant _AMP_PRECISION = 1e3;
+
+    function _calculateInvariant(
+        uint256 amplificationParameter,
+        uint256[] memory balances,
+        bool roundUp
+    ) public pure returns (uint256) {
+        unchecked {
+            /**********************************************************************************************
+        // invariant                                                                                 //
+        // D = invariant                                                  D^(n+1)                    //
+        // A = amplification coefficient      A  n^n S + D = A D n^n + -----------                   //
+        // S = sum of balances                                             n^n P                     //
+        // P = product of balances                                                                   //
+        // n = number of tokens                                                                      //
+        **********************************************************************************************/
+            // We support rounding up or down.
+
+            uint256 sum = 0;
+            uint256 numTokens = balances.length;
+            for (uint256 i = 0; i < numTokens; i++) {
+                sum = sum.add(balances[i]);
+            }
+            if (sum == 0) {
+                return 0;
+            }
+
+            uint256 prevInvariant = 0;
+            uint256 invariant = sum;
+            uint256 ampTimesTotal = amplificationParameter * numTokens;
+
+            for (uint256 i = 0; i < 255; i++) {
+                uint256 P_D = balances[0] * numTokens;
+                for (uint256 j = 1; j < numTokens; j++) {
+                    P_D = div(mul(mul(P_D, balances[j]), numTokens), invariant, roundUp);
+                }
+                prevInvariant = invariant;
+                invariant = div(
+                    mul(mul(numTokens, invariant), invariant).add(
+                        div(mul(mul(ampTimesTotal, sum), P_D), _AMP_PRECISION, roundUp)
+                    ),
+                    mul(numTokens + 1, invariant).add(
+                        // No need to use checked arithmetic for the amp precision, the amp is guaranteed to be at least 1
+                        div(mul(ampTimesTotal - _AMP_PRECISION, P_D), _AMP_PRECISION, !roundUp)
+                    ),
+                    roundUp
+                );
+
+                if (invariant > prevInvariant) {
+                    if (invariant - prevInvariant <= 1) {
+                        return invariant;
+                    }
+                } else if (prevInvariant - invariant <= 1) {
+                    return invariant;
+                }
+            }
+
+            revert("Stable Invariant did not converge");
+        }
+    }
+
+    function _calcBptOutGivenExactTokensIn(
+        uint256 amp,
+        uint256[] memory balances,
+        uint256[] memory amountsIn,
+        uint256 bptTotalSupply,
+        uint256 swapFeePercentage
+    ) internal pure returns (uint256) {
+        unchecked {
+            // BPT out, so we round down overall.
+
+            // First loop calculates the sum of all token balances, which will be used to calculate
+            // the current weights of each token, relative to this sum
+            uint256 sumBalances = 0;
+            for (uint256 i = 0; i < balances.length; i++) {
+                sumBalances = sumBalances.add(balances[i]);
+            }
+
+            // Calculate the weighted balance ratio without considering fees
+            uint256[] memory balanceRatiosWithFee = new uint256[](amountsIn.length);
+            // The weighted sum of token balance ratios with fee
+            uint256 invariantRatioWithFees = 0;
+            for (uint256 i = 0; i < balances.length; i++) {
+                uint256 currentWeight = balances[i].divDown(sumBalances);
+                balanceRatiosWithFee[i] = balances[i].add(amountsIn[i]).divDown(balances[i]);
+                invariantRatioWithFees = invariantRatioWithFees.add(
+                    balanceRatiosWithFee[i].mulDown(currentWeight)
+                );
+            }
+
+            // Second loop calculates new amounts in, taking into account the fee on the percentage excess
+            uint256[] memory newBalances = new uint256[](balances.length);
+            for (uint256 i = 0; i < balances.length; i++) {
+                uint256 amountInWithoutFee;
+
+                // Check if the balance ratio is greater than the ideal ratio to charge fees or not
+                if (balanceRatiosWithFee[i] > invariantRatioWithFees) {
+                    uint256 nonTaxableAmount = balances[i].mulDown(
+                        invariantRatioWithFees.sub(FixedPoint.ONE)
+                    );
+                    uint256 taxableAmount = amountsIn[i].sub(nonTaxableAmount);
+                    // No need to use checked arithmetic for the swap fee, it is guaranteed to be lower than 50%
+                    amountInWithoutFee = nonTaxableAmount.add(
+                        taxableAmount.mulDown(FixedPoint.ONE - swapFeePercentage)
+                    );
+                } else {
+                    amountInWithoutFee = amountsIn[i];
+                }
+
+                newBalances[i] = balances[i].add(amountInWithoutFee);
+            }
+
+            // Get current and new invariants, taking swap fees into account
+            uint256 currentInvariant = _calculateInvariant(amp, balances, true);
+            uint256 newInvariant = _calculateInvariant(amp, newBalances, false);
+            uint256 invariantRatio = newInvariant.divDown(currentInvariant);
+
+            // If the invariant didn't increase for any reason, we simply don't mint BPT
+            if (invariantRatio > FixedPoint.ONE) {
+                return bptTotalSupply.mulDown(invariantRatio - FixedPoint.ONE);
+            } else {
+                return 0;
+            }
+        }
+    }
+
+    function _calcTokenOutGivenExactBptIn(
+        uint256 amp,
+        uint256[] memory balances,
+        uint256 tokenIndex,
+        uint256 bptAmountIn,
+        uint256 bptTotalSupply,
+        uint256 swapFeePercentage
+    ) internal pure returns (uint256) {
+        unchecked {
+            // Token out, so we round down overall.
+
+            // Get the current and new invariants. Since we need a bigger new invariant, we round the current one up.
+            uint256 currentInvariant = _calculateInvariant(amp, balances, true);
+            uint256 newInvariant = bptTotalSupply.sub(bptAmountIn).divUp(bptTotalSupply).mulUp(
+                currentInvariant
+            );
+
+            // Calculate amount out without fee
+            uint256 newBalanceTokenIndex = _getTokenBalanceGivenInvariantAndAllOtherBalances(
+                amp,
+                balances,
+                newInvariant,
+                tokenIndex
+            );
+            uint256 amountOutWithoutFee = balances[tokenIndex].sub(newBalanceTokenIndex);
+
+            // First calculate the sum of all token balances, which will be used to calculate
+            // the current weight of each token
+            uint256 sumBalances = 0;
+            for (uint256 i = 0; i < balances.length; i++) {
+                sumBalances = sumBalances.add(balances[i]);
+            }
+
+            // We can now compute how much excess balance is being withdrawn as a result of the virtual swaps, which result
+            // in swap fees.
+            uint256 currentWeight = balances[tokenIndex].divDown(sumBalances);
+            uint256 taxablePercentage = currentWeight.complement();
+
+            // Swap fees are typically charged on 'token in', but there is no 'token in' here, so we apply it
+            // to 'token out'. This results in slightly larger price impact. Fees are rounded up.
+            uint256 taxableAmount = amountOutWithoutFee.mulUp(taxablePercentage);
+            uint256 nonTaxableAmount = amountOutWithoutFee.sub(taxableAmount);
+
+            // No need to use checked arithmetic for the swap fee, it is guaranteed to be lower than 50%
+            return nonTaxableAmount.add(taxableAmount.mulDown(FixedPoint.ONE - swapFeePercentage));
+        }
+    }
+
+    // The amplification parameter equals: A n^(n-1)
+    function _calcDueTokenProtocolSwapFeeAmount(
+        uint256 amplificationParameter,
+        uint256[] memory balances,
+        uint256 lastInvariant,
+        uint256 tokenIndex,
+        uint256 protocolSwapFeePercentage
+    ) internal pure returns (uint256) {
+        unchecked {
+            /**************************************************************************************************************
+        // oneTokenSwapFee - polynomial equation to solve                                                            //
+        // af = fee amount to calculate in one token                                                                 //
+        // bf = balance of fee token                                                                                 //
+        // f = bf - af (finalBalanceFeeToken)                                                                        //
+        // D = old invariant                                            D                     D^(n+1)                //
+        // A = amplification coefficient               f^2 + ( S - ----------  - D) * f -  ------------- = 0         //
+        // n = number of tokens                                    (A * n^n)               A * n^2n * P              //
+        // S = sum of final balances but f                                                                           //
+        // P = product of final balances but f                                                                       //
+        **************************************************************************************************************/
+
+            // Protocol swap fee amount, so we round down overall.
+
+            uint256 finalBalanceFeeToken = _getTokenBalanceGivenInvariantAndAllOtherBalances(
+                amplificationParameter,
+                balances,
+                lastInvariant,
+                tokenIndex
+            );
+
+            if (balances[tokenIndex] <= finalBalanceFeeToken) {
+                // This shouldn't happen outside of rounding errors, but have this safeguard nonetheless to prevent the Pool
+                // from entering a locked state in which joins and exits revert while computing accumulated swap fees.
+                return 0;
+            }
+
+            // Result is rounded down
+            uint256 accumulatedTokenSwapFees = balances[tokenIndex] - finalBalanceFeeToken;
+            return accumulatedTokenSwapFees.mulDown(protocolSwapFeePercentage);
+        }
+    }
+
+    // This function calculates the balance of a given token (tokenIndex)
+    // given all the other balances and the invariant
+    function _getTokenBalanceGivenInvariantAndAllOtherBalances(
+        uint256 amplificationParameter,
+        uint256[] memory balances,
+        uint256 invariant,
+        uint256 tokenIndex
+    ) internal pure returns (uint256) {
+        unchecked {
+            // Rounds result up overall
+
+            uint256 ampTimesTotal = amplificationParameter * balances.length;
+            uint256 sum = balances[0];
+            uint256 P_D = balances[0] * balances.length;
+            for (uint256 j = 1; j < balances.length; j++) {
+                P_D = divDown(mul(mul(P_D, balances[j]), balances.length), invariant);
+                sum = sum.add(balances[j]);
+            }
+            // No need to use safe math, based on the loop above `sum` is greater than or equal to `balances[tokenIndex]`
+            sum = sum - balances[tokenIndex];
+
+            uint256 inv2 = mul(invariant, invariant);
+            // We remove the balance from c by multiplying it
+            uint256 c = mul(
+                mul(divUp(inv2, mul(ampTimesTotal, P_D)), _AMP_PRECISION),
+                balances[tokenIndex]
+            );
+            uint256 b = sum.add(mul(divDown(invariant, ampTimesTotal), _AMP_PRECISION));
+
+            // We iterate to find the balance
+            uint256 prevTokenBalance = 0;
+            // We multiply the first iteration outside the loop with the invariant to set the value of the
+            // initial approximation.
+            uint256 tokenBalance = divUp(inv2.add(c), invariant.add(b));
+
+            for (uint256 i = 0; i < 255; i++) {
+                prevTokenBalance = tokenBalance;
+
+                tokenBalance = divUp(
+                    mul(tokenBalance, tokenBalance).add(c),
+                    mul(tokenBalance, 2).add(b).sub(invariant)
+                );
+
+                if (tokenBalance > prevTokenBalance) {
+                    if (tokenBalance - prevTokenBalance <= 1) {
+                        return tokenBalance;
+                    }
+                } else if (prevTokenBalance - tokenBalance <= 1) {
+                    return tokenBalance;
+                }
+            }
+
+            revert("Stable get balance did not converge");
+        }
+    }
+
+    /*///////////////////////////////////////////////////////////////
+                    LEGACY MATH FUNCTIONS
+    //////////////////////////////////////////////////////////////*/
+
+    function mul(uint256 a, uint256 b) internal pure returns (uint256) {
+        unchecked {
+            uint256 c = a * b;
+            require(a == 0 || c / a == b);
+            return c;
+        }
+    }
+
+    function div(
+        uint256 a,
+        uint256 b,
+        bool roundUp
+    ) internal pure returns (uint256) {
+        return roundUp ? divUp(a, b) : divDown(a, b);
+    }
+
+    function divDown(uint256 a, uint256 b) internal pure returns (uint256) {
+        unchecked {
+            require(b != 0);
+            return a / b;
+        }
+    }
+
+    function divUp(uint256 a, uint256 b) internal pure returns (uint256) {
+        unchecked {
+            require(b != 0);
+
+            if (a == 0) {
+                return 0;
+            } else {
+                return 1 + (a - 1) / b;
+            }
+        }
+    }
+}