@rev-net/core-v6 0.0.3 → 0.0.5

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package/README.md CHANGED
@@ -1,53 +1,88 @@
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- # revnet-core-v5
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+ # Revnet Core
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  Deploy and operate Revnets: unowned Juicebox projects that run autonomously according to predefined stages, with built-in token-collateralized loans.
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+ [Docs](https://docs.juicebox.money) | [Discord](https://discord.gg/nT3XqbzNEr)
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+
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  ## What is a Revnet?
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- A Revnet is a Retailistic network — a treasury-backed token that runs itself. No owners, no governors, no multisigs. Once deployed, a revnet follows its predefined stages forever, backed by the Juicebox and Uniswap protocols.
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+ A Revnet is a treasury-backed token that runs itself. No owners, no governors, no multisigs. Once deployed, a revnet follows its predefined stages forever, backed by the Juicebox and Uniswap protocols.
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+
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+ ## Conceptual Overview
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+
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+ Revnets are autonomous Juicebox projects with predetermined economic stages. Each stage defines issuance rates, decay schedules, cash-out taxes, reserved splits, and auto-issuance allocations. Once deployed, these parameters cannot be changed -- the revnet operates on its own forever.
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+
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+ ### Stage-Based Lifecycle
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+
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+ ```
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+ 1. Deploy revnet with stage configurations
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+ → REVDeployer.deployFor(revnetId=0, config, terminals, ...)
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+ → Creates Juicebox project owned by REVDeployer (permanently)
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+ → Deploys ERC-20 token, configures buyback pools, deploys suckers
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+ |
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+ 2. Stage 1 begins (startsAtOrAfter or block.timestamp)
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+ → Tokens issued at initialIssuance rate per unit of base currency
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+ → Issuance decays by issuanceCutPercent every issuanceCutFrequency
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+ → splitPercent of new tokens go to reserved splits
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+ → Cash outs taxed at cashOutTaxRate (2.5% fee to fee revnet)
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+ |
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+ 3. Stage transitions happen automatically
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+ → When startsAtOrAfter timestamp is reached for next stage
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+ → New issuance rate, tax rate, splits, etc. take effect
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+ → No governance, no votes, no owner action required
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+ |
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+ 4. Participants can borrow against their tokens
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+ → REVLoans.borrowFrom(revnetId, source, collateral, ...)
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+ → Collateral tokens are burned, funds pulled from treasury
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+ → Loan is an ERC-721 NFT, liquidates after 10 years
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+ |
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+ 5. Ongoing operations (permissionless or split operator)
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+ → Auto-issuance claims (permissionless)
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+ → Buyback pool configuration (split operator)
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+ → Sucker deployment (split operator, if ruleset allows)
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+ → Split group updates (split operator)
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+ ```
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+
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+ ### Token-Collateralized Loans
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- For a Retailism TLDR, see [Retailism](https://jango.eth.sucks/9E01E72C-6028-48B7-AD04-F25393307132/).
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+ `REVLoans` lets participants borrow against their revnet tokens. Unlike traditional lending:
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- For more Retailism information, see:
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+ - **Collateral is burned, not held.** Tokens are destroyed on borrow and re-minted on repay. This keeps the token supply accurate -- collateral tokens don't exist during the loan.
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+ - **Borrowable amount = cash-out value.** The bonding curve determines how much you can borrow for a given amount of collateral.
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+ - **Prepaid fee model.** Borrowers choose a prepaid fee (2.5%-50%) that buys an interest-free window. After that window, a time-proportional source fee accrues.
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+ - **Each loan is an ERC-721 NFT.** Loans can be transferred, and expired loans (10 years) can be liquidated by anyone.
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- - [A Retailistic View on CAC and LTV](https://jango.eth.limo/572BD957-0331-4977-8B2D-35F84D693276/)
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- - [Modeling Retailism](https://jango.eth.limo/B762F3CC-AEFE-4DE0-B08C-7C16400AF718/)
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- - [Retailism for Devs, Investors, and Customers](https://jango.eth.limo/3EB05292-0376-4B7D-AFCF-042B70673C3D/)
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- - [Observations: Network dynamics similar between atoms, cells, organisms, groups, dance parties](https://jango.eth.limo/CF40F5D2-7BFE-43A3-9C15-1C6547FBD15C/)
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+ ### Deployer Variants
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- Join the conversation: [Discord](https://discord.gg/nT3XqbzNEr)
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+ - **Basic revnet** -- `deployFor` with stage configurations mapped to Juicebox rulesets.
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+ - **Tiered 721 revnet** -- `deployWith721sFor` adds a tiered 721 pay hook that mints NFTs as people pay.
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+ - **Croptop revnet** -- A tiered 721 revnet with Croptop posting criteria, allowing the public to post content.
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  ## Architecture
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  | Contract | Description |
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  |----------|-------------|
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- | [`REVDeployer`](src/REVDeployer.sol) | Deploys revnets as Juicebox projects owned by the deployer contract itself (no human owner). Translates stage configurations into Juicebox rulesets, manages buyback hooks, tiered 721 hooks, suckers, split operators, auto-issuance, and cash out fees. Acts as the ruleset data hook and cash out hook for every revnet it deploys. |
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- | [`REVLoans`](src/REVLoans.sol) | Lets participants borrow against their revnet tokens. Collateral tokens are burned on borrow and re-minted on repayment. Each loan is an ERC-721 NFT. Charges a prepaid fee (2.5% min, 50% max) that determines the interest-free duration; after that window, a time-proportional source fee accrues. Loans liquidate after 10 years. |
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+ | `REVDeployer` | Deploys revnets as Juicebox projects owned by the deployer contract itself (no human owner). Translates stage configurations into Juicebox rulesets, manages buyback hooks, tiered 721 hooks, suckers, split operators, auto-issuance, and cash-out fees. Acts as the ruleset data hook and cash-out hook for every revnet it deploys. |
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+ | `REVLoans` | Lets participants borrow against their revnet tokens. Collateral tokens are burned on borrow and re-minted on repayment. Each loan is an ERC-721 NFT. Charges a prepaid fee (2.5% min, 50% max) that determines the interest-free duration; after that window, a time-proportional source fee accrues. Loans liquidate after 10 years. |
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- ### How they relate
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+ ### How They Relate
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  `REVDeployer` owns every revnet's Juicebox project NFT and holds all administrative permissions. During deployment it grants `REVLoans` the `USE_ALLOWANCE` permission so loans can pull funds from the revnet's terminal. `REVLoans` verifies that a revnet was deployed by its expected `REVDeployer` before issuing any loan.
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- ### Deployer Variants
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-
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- This repo includes several deployer patterns for different use cases:
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-
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- - **Basic revnet** — Deploy a simple revnet with `REVDeployer` using stage configurations that map to Juicebox rulesets.
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- - **Pay hook revnet** — Accept additional pay hooks that run throughout the revnet's lifetime as it receives payments.
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- - **Tiered 721 revnet** — Deploy a tiered 721 pay hook (NFT tiers) that mints NFTs as people pay into the revnet.
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- - **Croptop revnet** — A tiered 721 revnet where the public can post content through the [Croptop](https://croptop.eth.limo) publisher contract.
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+ ### Interfaces
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- You can use these contracts to deploy treasuries from Etherscan, or wherever else they've been exposed from.
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+ | Interface | Description |
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+ |-----------|-------------|
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+ | `IREVDeployer` | Deployment, data hooks, auto-issuance, split operator management, sucker deployment, plus events. |
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+ | `IREVLoans` | Borrow, repay, refinance, liquidate, views, plus events. |
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  ## Install
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  ```bash
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- npm install @rev-net/core-v5
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+ npm install @rev-net/core-v6
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  ```
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- ## Develop
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-
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- This repo uses [npm](https://www.npmjs.com/) for package management and [Foundry](https://github.com/foundry-rs/foundry) for builds and tests.
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+ If using Forge directly:
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  ```bash
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  npm install && forge install
@@ -55,11 +90,96 @@ npm install && forge install
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  If `forge install` has issues, try `git submodule update --init --recursive`.
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+ ## Develop
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+
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  | Command | Description |
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  |---------|-------------|
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  | `forge build` | Compile contracts |
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- | `forge test` | Run tests |
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+ | `forge test` | Run tests (20+ test files covering deployment, lifecycle, loans, attacks, invariants) |
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  | `forge test -vvvv` | Run tests with full traces |
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- | `forge fmt` | Lint |
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- | `forge coverage` | Generate test coverage report |
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- | `forge build --sizes` | Get contract sizes |
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+
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+ ## Repository Layout
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+
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+ ```
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+ src/
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+ REVDeployer.sol # Revnet deployer + data hook (~1,256 lines)
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+ REVLoans.sol # Token-collateralized lending (~1,333 lines)
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+ interfaces/
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+ IREVDeployer.sol # Deployer interface + events
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+ IREVLoans.sol # Loans interface + events
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+ structs/
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+ REVConfig.sol # Top-level deployment config
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+ REVDescription.sol # ERC-20 metadata (name, ticker, uri, salt)
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+ REVStageConfig.sol # Economic stage parameters
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+ REVAutoIssuance.sol # Per-stage cross-chain premint
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+ REVLoan.sol # Loan state
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+ REVLoanSource.sol # Terminal + token pair for loans
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+ REVDeploy721TiersHookConfig.sol # 721 hook deployment config
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+ REVCroptopAllowedPost.sol # Croptop posting criteria
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+ REVSuckerDeploymentConfig.sol # Cross-chain sucker deployment
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+ test/
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+ REV.integrations.t.sol # Deployment, payments, cash-outs
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+ REVLifecycle.t.sol # Stage transitions, weight decay
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+ REVAutoIssuanceFuzz.t.sol # Auto-issuance fuzz tests
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+ REVInvincibility.t.sol # Economic property fuzzing
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+ REVInvincibilityHandler.sol # Fuzz handler
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+ REVDeployerAuditRegressions.t.sol # Deployer audit regressions
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+ REVLoansSourced.t.sol # Multi-source loan tests
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+ REVLoansUnSourced.t.sol # Loan error cases
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+ REVLoansFeeRecovery.t.sol # Fee calculation tests
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+ REVLoansAttacks.t.sol # Flash loan, reentrancy scenarios
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+ REVLoans.invariants.t.sol # Loan fuzzing invariants
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+ REVLoansAuditRegressions.t.sol # Loan audit regressions
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+ TestPR09-32_*.t.sol # Per-PR regression tests
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+ helpers/
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+ MaliciousContracts.sol # Attack contract mocks
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+ mock/
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+ MockBuybackDataHook.sol # Mock for buyback hook tests
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+ script/
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+ Deploy.s.sol # Sphinx multi-chain deployment
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+ helpers/
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+ RevnetCoreDeploymentLib.sol # Deployment artifact reader
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+ ```
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+
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+ ## Permissions
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+ ### Split Operator (per-revnet)
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+ The split operator has these default permissions:
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+
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+ | Permission | Purpose |
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+ |------------|---------|
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+ | `SET_SPLIT_GROUPS` | Change reserved token splits |
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+ | `SET_BUYBACK_POOL` | Configure Uniswap buyback pool |
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+ | `SET_BUYBACK_TWAP` | Adjust TWAP window for buyback |
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+ | `SET_PROJECT_URI` | Update project metadata |
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+ | `ADD_PRICE_FEED` | Add price oracle |
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+ | `SUCKER_SAFETY` | Emergency sucker functions |
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+ | `SET_BUYBACK_HOOK` | Swap buyback hook |
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+ | `SET_ROUTER_TERMINAL` | Swap terminal |
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+
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+ Plus optional from 721 hook config: `ADJUST_721_TIERS`, `SET_721_METADATA`, `MINT_721`, `SET_721_DISCOUNT_PERCENT`.
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+
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+ ### Global Permissions
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+
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+ | Grantee | Permission | Scope |
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+ |---------|------------|-------|
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+ | `SUCKER_REGISTRY` | `MAP_SUCKER_TOKEN` | All revnets (wildcard projectId=0) |
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+ | `REVLoans` | `USE_ALLOWANCE` | All revnets (wildcard projectId=0) |
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+
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+ ### Permissionless Operations
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+
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+ - `autoIssueFor` -- claim auto-issuance tokens (anyone)
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+ - `burnHeldTokensOf` -- burn reserved tokens held by deployer (anyone)
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+
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+ ## Risks
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+ - **No human owner.** `REVDeployer` permanently holds the project NFT. There is no function to release it. This is by design -- revnets are ownerless. But it means bugs in stage configurations cannot be fixed after deployment.
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+ - **Loan flash-loan exposure.** `borrowableAmountFrom` reads live surplus, which can be inflated via flash loans. A borrower could temporarily inflate the treasury to borrow more than the sustained value would support.
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+ - **uint112 truncation.** `REVLoan.amount` and `REVLoan.collateral` are `uint112` -- values above ~5.19e33 truncate silently.
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+ - **Cash-out fee stacking.** Cash outs incur both the Juicebox terminal fee (2.5%) and the revnet cash-out fee (2.5% to fee revnet). These compound.
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+ - **Auto-issuance stage ID mismatch.** Stage IDs are computed as `block.timestamp + i` during deployment, but actual Juicebox ruleset IDs depend on queuing logic. If timestamps don't align, auto-issuance for later stages may be unclaimed.
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+ - **NATIVE_TOKEN on non-ETH chains.** Using `JBConstants.NATIVE_TOKEN` on Celo or Polygon means CELO/MATIC, not ETH. Use ERC-20 WETH instead. The matching hash does NOT catch this -- it covers economic parameters but NOT terminal configurations.
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+ - **30-day cash-out delay.** When deploying an existing revnet to a new chain where the first stage has already started, a 30-day delay is imposed before cash outs are allowed, preventing cross-chain liquidity arbitrage.
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+ - **Loan source array growth.** `_loanSourcesOf[revnetId]` is unbounded. If an attacker creates loans from many different terminals/tokens, the array grows without limit.
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+ - **10-year loan liquidation.** Expired loans (10+ years) can be liquidated by anyone. The burned collateral is permanently lost -- it was destroyed at borrow time.
package/SKILLS.md CHANGED
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- # revnet-core-v5
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+ # Revnet Core
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  ## Purpose
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- Deploy and manage Revnets -- autonomous, unowned Juicebox projects with staged issuance schedules and token-collateralized lending.
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+ Deploy and manage Revnets -- autonomous, unowned Juicebox projects with staged issuance schedules, built-in Uniswap buyback pools, cross-chain suckers, and token-collateralized lending.
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  ## Contracts
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  | Contract | Role |
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  |----------|------|
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- | `REVDeployer` | Deploys revnets, acts as project owner, data hook, and cash out hook. Manages stages, splits, auto-issuance, buyback hooks, 721 hooks, suckers, and split operators. |
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- | `REVLoans` | Issues token-collateralized loans from revnet treasuries. Each loan is an ERC-721. Burns collateral on borrow, re-mints on repay. Charges tiered fees (REV protocol fee + source fee + prepaid fee). |
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+ | `REVDeployer` | Deploys revnets, permanently owns the project NFT, acts as data hook and cash-out hook. Manages stages, splits, auto-issuance, buyback hooks, 721 hooks, suckers, and split operators. (~1,256 lines) |
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+ | `REVLoans` | Issues token-collateralized loans from revnet treasuries. Each loan is an ERC-721 NFT. Burns collateral on borrow, re-mints on repay. Charges tiered fees (REV protocol fee + source fee + prepaid fee). (~1,333 lines) |
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  ## Key Functions
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- | Function | Contract | What it does |
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- |----------|----------|--------------|
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- | `deployFor` | REVDeployer | Deploy a new revnet (or convert an existing Juicebox project) with stages, terminals, buyback hook, suckers, and loans. |
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- | `deployWith721sFor` | REVDeployer | Same as `deployFor` but also deploys a tiered ERC-721 hook and configures croptop allowed posts. |
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- | `autoIssueFor` | REVDeployer | Mint pre-configured auto-issuance tokens for a beneficiary once a stage has started. |
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- | `setSplitOperatorOf` | REVDeployer | Replace the current split operator (only callable by the current split operator). |
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- | `deploySuckersFor` | REVDeployer | Deploy new cross-chain suckers for an existing revnet (split operator only, ruleset must allow it). |
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- | `beforePayRecordedWith` | REVDeployer | Data hook callback: returns the buyback hook weight and assembles pay hook specs (721 hook + buyback hook). |
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- | `beforeCashOutRecordedWith` | REVDeployer | Data hook callback: enforces cash out delay, exempts suckers from fees/taxes, calculates and routes the 2.5% cash out fee. |
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- | `afterCashOutRecordedWith` | REVDeployer | Cash out hook callback: transfers the fee amount to the fee revnet's terminal. Falls back to returning funds if the fee payment fails. |
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- | `hasMintPermissionFor` | REVDeployer | Returns true for the loans contract, buyback hook, or any sucker. |
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- | `borrowFrom` | REVLoans | Open a loan: burn collateral tokens, pull funds from the revnet via `useAllowanceOf`, pay REV fee + source fee, transfer remainder to beneficiary, mint loan NFT. |
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- | `repayLoan` | REVLoans | Repay (partially or fully): accept repayment funds, return them to the revnet via `addToBalanceOf`, re-mint collateral to beneficiary, burn/replace the loan NFT. |
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- | `reallocateCollateralFromLoan` | REVLoans | Refinance: remove excess collateral from an existing loan (when collateral has appreciated) and open a new loan with the freed collateral. Burns the original, mints two replacements. |
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- | `liquidateExpiredLoansFrom` | REVLoans | Clean up loans past the 10-year liquidation duration. Burns their NFTs and decrements accounting totals. |
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- | `borrowableAmountFrom` | REVLoans | View: calculate how much can be borrowed for a given collateral amount using the bonding curve formula. |
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- | `determineSourceFeeAmount` | REVLoans | View: calculate the time-proportional source fee for a loan repayment. |
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+ ### Deployment
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+
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+ | Function | What it does |
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+ |----------|-------------|
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+ | `REVDeployer.deployFor(revnetId, config, terminals, buybackHookConfig, suckerConfig)` | Deploy a new revnet (`revnetId=0`) or convert an existing Juicebox project. Encodes stage configs into rulesets, deploys ERC-20 token, sets up split operator, buyback pools, suckers, and loans permissions. |
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+ | `REVDeployer.deployWith721sFor(revnetId, config, terminals, buybackHookConfig, suckerConfig, hookConfig, allowedPosts)` | Same as `deployFor` but also deploys a tiered ERC-721 hook. Optionally configures Croptop posting criteria and grants publisher permission to add tiers. |
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+ | `REVDeployer.deploySuckersFor(revnetId, suckerConfig)` | Deploy new cross-chain suckers post-launch. Split operator only. Validates ruleset allows sucker deployment (bit 2 of `extraMetadata`). Uses stored config hash for cross-chain matching. |
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+
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+ ### Data Hooks
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+
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+ | Function | What it does |
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+ |----------|-------------|
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+ | `REVDeployer.beforePayRecordedWith(context)` | Returns adjusted weight from buyback hook and assembles pay hook specs (721 hook if present + buyback hook). |
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+ | `REVDeployer.beforeCashOutRecordedWith(context)` | If sucker: returns full amount with 0 tax (fee exempt). Otherwise: calculates 2.5% fee, enforces 30-day cash-out delay, returns modified count + fee hook spec. |
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+ | `REVDeployer.afterCashOutRecordedWith(context)` | Cash-out hook callback. Receives fee amount and pays it to the fee revnet's terminal. Falls back to returning funds if fee payment fails. |
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+ | `REVDeployer.hasMintPermissionFor(revnetId, ruleset, addr)` | Returns `true` for: loans contract, buyback hook, buyback hook delegates, or suckers. |
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+
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+ ### Split Operator
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+
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+ | Function | What it does |
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+ |----------|-------------|
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+ | `REVDeployer.setSplitOperatorOf(revnetId, newOperator)` | Replace the current split operator. Only callable by the current split operator. Revokes old permissions, grants new ones. |
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+
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+ ### Auto-Issuance
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+
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+ | Function | What it does |
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+ |----------|-------------|
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+ | `REVDeployer.autoIssueFor(revnetId, stageId, beneficiary)` | **Permissionless.** Mint pre-configured auto-issuance tokens for a beneficiary once a stage has started. One-time per stage per beneficiary. |
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+ | `REVDeployer.burnHeldTokensOf(revnetId)` | **Permissionless.** Burn any reserved tokens held by the deployer (when splits < 100%). |
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+
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+ ### Loans -- Borrowing
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+
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+ | Function | What it does |
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+ |----------|-------------|
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+ | `REVLoans.borrowFrom(revnetId, source, minBorrowAmount, collateralCount, beneficiary, prepaidFeePercent)` | Open a loan: burn collateral tokens, pull funds from revnet via `useAllowanceOf`, pay REV fee (1%) + terminal fee (2.5%), transfer remainder to beneficiary, mint loan NFT. |
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+ | `REVLoans.repayLoan(loanId, maxRepayAmount, collateralToReturn, beneficiary, allowance)` | Repay fully or partially. Returns funds to revnet via `addToBalanceOf`, re-mints collateral tokens, burns/replaces the loan NFT. Supports permit2 signatures. |
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+ | `REVLoans.reallocateCollateralFromLoan(loanId, collateralToRemove, source, minBorrowAmount, collateralToAdd, beneficiary, prepaidFeePercent)` | Refinance: remove excess collateral from an existing loan and open a new loan with the freed collateral. Burns original, mints two replacements. |
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+ | `REVLoans.liquidateExpiredLoansFrom(revnetId, startingLoanId, count)` | **Permissionless.** Clean up loans past the 10-year liquidation duration. Burns NFTs and decrements accounting totals. Collateral is permanently lost. |
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+
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+ ### Loans -- Views
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+
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+ | Function | What it does |
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+ |----------|-------------|
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+ | `REVLoans.borrowableAmountFrom(revnetId, collateralCount, decimals, currency)` | Calculate how much can be borrowed for a given collateral amount. Aggregates surplus from all terminals, applies bonding curve. |
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+ | `REVLoans.determineSourceFeeAmount(loan, amount)` | Calculate the time-proportional source fee for a loan repayment. Zero during prepaid window, linear accrual after. |
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+ | `REVLoans.loanOf(loanId)` | Returns the full `REVLoan` struct for a loan. |
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+ | `REVLoans.loanSourcesOf(revnetId)` | Returns all `(terminal, token)` pairs used for loans by a revnet. |
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+ | `REVLoans.revnetIdOfLoanWith(loanId)` | Decode the revnet ID from a loan ID (`loanId / 1_000_000_000_000`). |
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  ## Integration Points
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  | Dependency | Import | Used For |
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  |------------|--------|----------|
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- | `@bananapus/core-v6` | `IJBController`, `IJBDirectory`, `IJBPermissions`, `IJBProjects`, `IJBTerminal`, `IJBPrices` | Project lifecycle, rulesets, token minting/burning, fund access, terminal payments, price feeds |
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+ | `@bananapus/core-v6` | `IJBController`, `IJBDirectory`, `IJBPermissions`, `IJBProjects`, `IJBTerminal`, `IJBPrices`, `JBConstants`, `JBCashOuts`, `JBSurplus` | Project lifecycle, rulesets, token minting/burning, fund access, terminal payments, price feeds, bonding curve |
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  | `@bananapus/721-hook-v6` | `IJB721TiersHook`, `IJB721TiersHookDeployer` | Deploying and registering tiered ERC-721 pay hooks |
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  | `@bananapus/buyback-hook-v6` | `IJBBuybackHook` | Configuring Uniswap buyback pools per revnet |
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  | `@bananapus/suckers-v6` | `IJBSuckerRegistry` | Deploying cross-chain suckers, checking sucker status for fee exemption |
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- | `@croptop/core-v6` | `CTPublisher` | Configuring croptop posting criteria for 721 tiers |
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+ | `@croptop/core-v6` | `CTPublisher` | Configuring Croptop posting criteria for 721 tiers |
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  | `@bananapus/permission-ids-v6` | `JBPermissionIds` | Permission ID constants (SET_SPLIT_GROUPS, USE_ALLOWANCE, etc.) |
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  | `@openzeppelin/contracts` | `ERC721`, `ERC2771Context`, `Ownable`, `SafeERC20` | Loan NFTs, meta-transactions, ownership, safe token transfers |
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76
  | `@uniswap/permit2` | `IPermit2`, `IAllowanceTransfer` | Gasless token approvals for loan repayments |
@@ -47,45 +78,86 @@ Deploy and manage Revnets -- autonomous, unowned Juicebox projects with staged i
47
78
 
48
79
  ## Key Types
49
80
 
50
- | Struct/Enum | Key Fields | Used In |
51
- |-------------|------------|---------|
52
- | `REVConfig` | `description`, `baseCurrency`, `splitOperator`, `stageConfigurations[]`, `loanSources[]`, `loans` | `deployFor`, `deployWith721sFor` |
53
- | `REVStageConfig` | `startsAtOrAfter` (uint48), `initialIssuance` (uint112), `issuanceCutFrequency` (uint32), `issuanceCutPercent` (uint32), `cashOutTaxRate` (uint16), `splitPercent` (uint16), `splits[]`, `autoIssuances[]`, `extraMetadata` (uint16) | Translated into `JBRulesetConfig` by `REVDeployer` |
81
+ | Struct | Key Fields | Used In |
82
+ |--------|------------|---------|
83
+ | `REVConfig` | `description` (REVDescription), `baseCurrency`, `splitOperator`, `stageConfigurations[]`, `loanSources[]`, `loans` | `deployFor`, `deployWith721sFor` |
84
+ | `REVStageConfig` | `startsAtOrAfter` (uint48), `initialIssuance` (uint112), `issuanceCutFrequency` (uint32), `issuanceCutPercent` (uint32), `cashOutTaxRate` (uint16), `splitPercent` (uint16), `splits[]`, `autoIssuances[]`, `extraMetadata` (uint16) | Translated into `JBRulesetConfig` |
54
85
  | `REVDescription` | `name`, `ticker`, `uri`, `salt` | ERC-20 token deployment and project metadata |
55
- | `REVAutoIssuance` | `chainId` (uint32), `count` (uint104), `beneficiary` | Per-stage token auto-minting, cross-chain aware |
56
- | `REVLoan` | `amount` (uint112), `collateral` (uint112), `createdAt` (uint48), `prepaidFeePercent` (uint16), `prepaidDuration` (uint32), `source` | Stored per loan ID in `REVLoans` |
86
+ | `REVAutoIssuance` | `chainId` (uint32), `count` (uint104), `beneficiary` | Per-stage cross-chain token auto-minting |
87
+ | `REVLoan` | `amount` (uint112), `collateral` (uint112), `createdAt` (uint48), `prepaidFeePercent` (uint16), `prepaidDuration` (uint32), `source` (REVLoanSource) | Per-loan state in `REVLoans` |
57
88
  | `REVLoanSource` | `token`, `terminal` (IJBPayoutTerminal) | Identifies which terminal and token a loan draws from |
58
- | `REVBuybackHookConfig` | `dataHook`, `hookToConfigure`, `poolConfigurations[]` | Buyback hook setup during deployment |
59
- | `REVBuybackPoolConfig` | `token`, `fee` (uint24), `twapWindow` (uint32) | Uniswap pool configuration for buyback |
60
- | `REVSuckerDeploymentConfig` | `deployerConfigurations[]`, `salt` | Cross-chain sucker deployment |
61
- | `REVDeploy721TiersHookConfig` | `baseline721HookConfiguration`, `salt`, `splitOperatorCanAdjustTiers`, `splitOperatorCanUpdateMetadata`, `splitOperatorCanMint`, `splitOperatorCanIncreaseDiscountPercent` | 721 hook deployment with operator permissions |
89
+ | `REVDeploy721TiersHookConfig` | `baseline721HookConfiguration`, `salt`, `splitOperatorCanAdjustTiers`, `CanUpdateMetadata`, `CanMint`, `CanIncreaseDiscountPercent` | 721 hook deployment with operator permissions |
62
90
  | `REVCroptopAllowedPost` | `category` (uint24), `minimumPrice` (uint104), `minimumTotalSupply` (uint32), `maximumTotalSupply` (uint32), `allowedAddresses[]` | Croptop posting criteria |
91
+ | `REVSuckerDeploymentConfig` | `deployerConfigurations[]`, `salt` | Cross-chain sucker deployment |
63
92
 
64
- ## Gotchas
93
+ ## Constants
94
+
95
+ ### REVDeployer
96
+
97
+ | Constant | Value | Purpose |
98
+ |----------|-------|---------|
99
+ | `CASH_OUT_DELAY` | 2,592,000 (30 days) | Prevents cross-chain liquidity arbitrage on new chain deployments |
100
+ | `FEE` | 25 (of MAX_FEE=1000) | 2.5% cash-out fee paid to fee revnet |
101
+ | `DEFAULT_BUYBACK_POOL_FEE` | 10,000 | 1% Uniswap fee tier for default buyback pools |
102
+ | `DEFAULT_BUYBACK_TWAP_WINDOW` | 2 days | TWAP observation window for buyback price |
103
+
104
+ ### REVLoans
65
105
 
66
- - `REVLoan.amount` and `REVLoan.collateral` are `uint112` -- truncation risk with very large values (Critical audit finding C-1).
67
- - `REVDeployer` stage configuration arrays must have increasing `startsAtOrAfter` values or deployment reverts (array out-of-bounds risk, C-2).
68
- - `REVLoans` token callbacks during borrow/repay create reentrancy surface (C-3). The contract uses burn-before-transfer and mint-after-transfer patterns.
69
- - `hasMintPermissionFor` calls `buybackHookOf[revnetId]` which could be `address(0)` -- the call chain through the buyback hook can revert (C-4).
70
- - The `REVDeployer` project NFT is permanently locked in the deployer contract. There is no function to release it. This is by design -- revnets are ownerless.
71
- - Auto-issuance stage IDs are based on `block.timestamp + i` where `i` is the stage index. If the first stage's `startsAtOrAfter` is 0, it becomes the deployment block timestamp (H-5).
72
- - `cashOutTaxRate` must be strictly less than `MAX_CASH_OUT_TAX_RATE` -- revnets cannot fully disable cash outs.
73
- - Cash out delay is 30 days (`CASH_OUT_DELAY = 2_592_000`), applied only when deploying an existing revnet to a new chain (first stage already started).
74
- - Loan IDs encode the revnet ID: `loanId = revnetId * 1_000_000_000_000 + loanNumber`. Use `revnetIdOfLoanWith(loanId)` to decode.
75
- - Loan liquidation duration is 10 years (`LOAN_LIQUIDATION_DURATION = 3650 days`). After this, collateral is forfeit.
76
- - The split operator has 6 default permissions (SET_SPLIT_GROUPS, SET_BUYBACK_POOL, SET_BUYBACK_TWAP, SET_PROJECT_URI, ADD_PRICE_FEED, SUCKER_SAFETY) plus any extras from 721 hook config.
77
- - `REVLoans` uses `permit2` for ERC-20 transfers as a fallback when standard allowance is insufficient.
78
- - The `FEE` constant is `25` (out of `MAX_FEE = 1000`), meaning a 2.5% cash out fee paid to the fee revnet.
79
- - `REV_PREPAID_FEE_PERCENT` is `10` (1%) -- this is the protocol-level fee on loans paid to the $REV revnet.
80
- - `MIN_PREPAID_FEE_PERCENT` is `25` (2.5%) and `MAX_PREPAID_FEE_PERCENT` is `500` (50%) -- bounds on the borrower-chosen prepaid fee.
106
+ | Constant | Value | Purpose |
107
+ |----------|-------|---------|
108
+ | `LOAN_LIQUIDATION_DURATION` | 3,650 days (10 years) | After this, collateral is forfeit |
109
+ | `MIN_PREPAID_FEE_PERCENT` | 25 (2.5%) | Minimum upfront fee borrowers must pay |
110
+ | `MAX_PREPAID_FEE_PERCENT` | 500 (50%) | Maximum upfront fee |
111
+ | `REV_PREPAID_FEE_PERCENT` | 10 (1%) | Protocol-level fee to $REV revnet |
112
+ | `_ONE_TRILLION` | 1,000,000,000,000 | Loan ID generator base: `revnetId * 1T + loanNumber` |
81
113
 
82
- ### CRITICAL: NATIVE_TOKEN Accounting on Non-ETH Chains
114
+ ## Storage
83
115
 
84
- When deploying a revnet to a chain where the native token is NOT ETH (e.g. Celo, Polygon), the terminal must NOT use `JBConstants.NATIVE_TOKEN` as its accounting context. `NATIVE_TOKEN` represents whatever is native on that chain (CELO on Celo, MATIC on Polygon), but `baseCurrency=1` (ETH) assumes ETH-denominated value.
116
+ ### REVDeployer
85
117
 
86
- **The matching hash does NOT catch this.** It covers economic parameters (baseCurrency, stages, auto-issuances) but NOT terminal configurations, accounting contexts, or sucker token mappings. Two deployments with identical matching hashes can have completely different terminal setups.
118
+ | Mapping | Type | Purpose |
119
+ |---------|------|---------|
120
+ | `amountToAutoIssue` | `revnetId => stageId => beneficiary => uint256` | Premint tokens per stage per beneficiary |
121
+ | `cashOutDelayOf` | `revnetId => uint256` | Timestamp when cash outs unlock (0 = no delay) |
122
+ | `hashedEncodedConfigurationOf` | `revnetId => bytes32` | Config hash for cross-chain sucker validation |
123
+ | `tiered721HookOf` | `revnetId => address` | Deployed 721 hook address (if any) |
124
+ | `_extraOperatorPermissions` | `revnetId => uint256[]` | Custom permissions for split operator |
87
125
 
88
- **On non-ETH chains:** Use ERC-20 WETH (e.g. `0xD221812de1BD094f35587EE8E174B07B6167D9Af` on Celo) or USDC as the terminal's accounting context.
126
+ ### REVLoans
127
+
128
+ | Mapping | Type | Purpose |
129
+ |---------|------|---------|
130
+ | `isLoanSourceOf` | `revnetId => terminal => token => bool` | Is this (terminal, token) pair used for loans? |
131
+ | `numberOfLoansFor` | `revnetId => uint256` | Counter for loan numbering |
132
+ | `totalBorrowedFrom` | `revnetId => terminal => token => uint256` | Tracks debt per loan source |
133
+ | `totalCollateralOf` | `revnetId => uint256` | Sum of all burned collateral |
134
+ | `_loanOf` | `loanId => REVLoan` | Per-loan state |
135
+ | `_loanSourcesOf` | `revnetId => REVLoanSource[]` | Array of all loan sources used |
136
+
137
+ ## Gotchas
138
+
139
+ 1. **Revnets are permanently ownerless.** `REVDeployer` holds the project NFT forever. There is no function to release it. Stage parameters cannot be changed after deployment.
140
+ 2. **Collateral is burned, not held.** Unlike traditional lending, collateral tokens are destroyed at borrow time and re-minted on repay. If a loan liquidates after 10 years, the collateral is permanently lost.
141
+ 3. **100% LTV by design.** Borrowable amount equals the pro-rata cash-out value. No safety margin unless the stage has `cashOutTaxRate > 0`. A tax of 20% creates ~20% effective collateral buffer.
142
+ 4. **Loan ID encoding.** `loanId = revnetId * 1_000_000_000_000 + loanNumber`. Each revnet supports ~1 trillion loans. Use `revnetIdOfLoanWith(loanId)` to decode.
143
+ 5. **uint112 truncation risk.** `REVLoan.amount` and `REVLoan.collateral` are `uint112`. Values above ~5.19e33 truncate silently.
144
+ 6. **Auto-issuance stage IDs.** Computed as `block.timestamp + i` during deployment, but actual Juicebox ruleset IDs depend on queuing logic. Stage 1+ auto-issuance may be unclaimed if IDs don't match exactly.
145
+ 7. **Cash-out fee stacking.** Cash outs incur both the Juicebox terminal fee (2.5%) and the revnet cash-out fee (2.5% to fee revnet). These compound.
146
+ 8. **30-day cash-out delay.** Applied when deploying an existing revnet to a new chain where the first stage has already started. Prevents cross-chain liquidity arbitrage.
147
+ 9. **`cashOutTaxRate` cannot be MAX.** Must be strictly less than `MAX_CASH_OUT_TAX_RATE` (10,000). Revnets cannot fully disable cash outs.
148
+ 10. **Split operator is singular.** Only ONE address can be split operator at a time. The operator can replace itself via `setSplitOperatorOf` but cannot delegate or multi-sig.
149
+ 11. **NATIVE_TOKEN on non-ETH chains.** `JBConstants.NATIVE_TOKEN` on Celo means CELO, on Polygon means MATIC -- not ETH. Use ERC-20 WETH instead. The config matching hash does NOT catch terminal configuration differences.
150
+ 12. **Loan source array is unbounded.** `_loanSourcesOf[revnetId]` grows without limit. No validation that a terminal is actually registered for the project.
151
+ 13. **Flash-loan surplus exposure.** `borrowableAmountFrom` reads live surplus. A flash loan can temporarily inflate the treasury to borrow more than the sustained value supports.
152
+ 14. **Fee revnet must have terminals.** Cash-out fees and loan protocol fees are paid to `FEE_REVNET_ID`. If that project has no terminal for the token, the fee silently fails (try-catch).
153
+ 15. **Buyback hook is immutable per deployer.** `REVDeployer.BUYBACK_HOOK` is set at construction time. All revnets deployed by the same deployer share the same buyback hook.
154
+ 16. **Cross-chain config matching.** `hashedEncodedConfigurationOf` covers economic parameters (baseCurrency, stages, auto-issuances) but NOT terminal configurations, accounting contexts, or sucker token mappings. Two deployments with identical hashes can have different terminal setups.
155
+ 17. **Loan fee model.** Three layers: (1) REV protocol fee (1%) taken when funds pulled, (2) terminal fee (2.5%) charged by `useAllowanceOf`, (3) prepaid source fee (2.5%-50%, borrower-chosen) that buys an interest-free window. After the prepaid window, time-proportional source fee accrues linearly over the remaining 10-year loan duration.
156
+ 18. **Permit2 fallback.** `REVLoans` uses permit2 for ERC-20 transfers as a fallback when standard allowance is insufficient. Wrapped in try-catch.
157
+
158
+ ### NATIVE_TOKEN Accounting on Non-ETH Chains
159
+
160
+ When deploying to a chain where the native token is NOT ETH (Celo, Polygon), the terminal must NOT use `JBConstants.NATIVE_TOKEN` as its accounting context. `NATIVE_TOKEN` represents whatever is native on that chain, but `baseCurrency=1` (ETH) assumes ETH-denominated value.
89
161
 
90
162
  **Correct (Celo):**
91
163
  ```solidity
@@ -105,8 +177,6 @@ JBAccountingContext({
105
177
  })
106
178
  ```
107
179
 
108
- See also: `SECURITY.md` in this repo and INTEROP-6 in `AUDIT_FINDINGS.md`.
109
-
110
180
  ## Example Integration
111
181
 
112
182
  ```solidity
@@ -117,50 +187,68 @@ import {REVBuybackHookConfig} from "@rev-net/core-v6/src/structs/REVBuybackHookC
117
187
  import {REVSuckerDeploymentConfig} from "@rev-net/core-v6/src/structs/REVSuckerDeploymentConfig.sol";
118
188
  import {IREVDeployer} from "@rev-net/core-v6/src/interfaces/IREVDeployer.sol";
119
189
 
120
- // Deploy a simple revnet with one stage.
121
- function deployRevnet(IREVDeployer deployer, JBTerminalConfig[] memory terminals) external {
122
- // Define the stage: 1M tokens per unit, 10% issuance cut every 30 days, 20% cash out tax.
123
- REVStageConfig[] memory stages = new REVStageConfig[](1);
124
- stages[0] = REVStageConfig({
125
- startsAtOrAfter: 0, // Start immediately (uses block.timestamp).
126
- autoIssuances: new REVAutoIssuance[](0),
127
- splitPercent: 2000, // 20% of new tokens go to splits.
128
- splits: splits, // Must have at least one split if splitPercent > 0.
129
- initialIssuance: 1_000_000e18,
130
- issuanceCutFrequency: 30 days,
131
- issuanceCutPercent: 100_000_000, // 10% cut per period.
132
- cashOutTaxRate: 2000, // 20% tax on cash outs.
133
- extraMetadata: 0
134
- });
135
-
136
- REVConfig memory config = REVConfig({
137
- description: REVDescription({
138
- name: "My Revnet Token",
139
- ticker: "MYREV",
140
- uri: "ipfs://...",
141
- salt: bytes32(0)
142
- }),
143
- baseCurrency: 1, // USD
144
- splitOperator: msg.sender,
145
- stageConfigurations: stages,
146
- loanSources: new REVLoanSource[](0),
147
- loans: address(0) // No loans contract.
148
- });
149
-
150
- // revnetId 0 = deploy new.
151
- deployer.deployFor({
152
- revnetId: 0,
153
- configuration: config,
154
- terminalConfigurations: terminals,
155
- buybackHookConfiguration: REVBuybackHookConfig({
156
- dataHook: IJBRulesetDataHook(address(0)),
157
- hookToConfigure: IJBBuybackHook(address(0)),
158
- poolConfigurations: new REVBuybackPoolConfig[](0)
159
- }),
160
- suckerDeploymentConfiguration: REVSuckerDeploymentConfig({
161
- deployerConfigurations: new JBSuckerDeployerConfig[](0),
162
- salt: bytes32(0)
163
- })
164
- });
165
- }
190
+ // --- Deploy a simple revnet with one stage ---
191
+
192
+ REVStageConfig[] memory stages = new REVStageConfig[](1);
193
+ stages[0] = REVStageConfig({
194
+ startsAtOrAfter: 0, // Start immediately (uses block.timestamp)
195
+ autoIssuances: new REVAutoIssuance[](0),
196
+ splitPercent: 2000, // 20% of new tokens go to splits
197
+ splits: splits, // Reserved token split destinations
198
+ initialIssuance: 1_000_000e18, // 1M tokens per unit of base currency
199
+ issuanceCutFrequency: 30 days, // Decay period
200
+ issuanceCutPercent: 100_000_000, // 10% cut per period (out of 1e9)
201
+ cashOutTaxRate: 2000, // 20% tax on cash outs
202
+ extraMetadata: 0
203
+ });
204
+
205
+ REVConfig memory config = REVConfig({
206
+ description: REVDescription({
207
+ name: "My Revnet Token",
208
+ ticker: "MYREV",
209
+ uri: "ipfs://...",
210
+ salt: bytes32(0)
211
+ }),
212
+ baseCurrency: 1, // USD
213
+ splitOperator: msg.sender,
214
+ stageConfigurations: stages,
215
+ loanSources: new REVLoanSource[](0),
216
+ loans: address(0) // No loans contract
217
+ });
218
+
219
+ deployer.deployFor({
220
+ revnetId: 0, // 0 = deploy new
221
+ configuration: config,
222
+ terminalConfigurations: terminals,
223
+ buybackHookConfiguration: REVBuybackHookConfig({
224
+ dataHook: IJBRulesetDataHook(address(0)),
225
+ hookToConfigure: IJBBuybackHook(address(0)),
226
+ poolConfigurations: new REVBuybackPoolConfig[](0)
227
+ }),
228
+ suckerDeploymentConfiguration: REVSuckerDeploymentConfig({
229
+ deployerConfigurations: new JBSuckerDeployerConfig[](0),
230
+ salt: bytes32(0)
231
+ })
232
+ });
233
+
234
+ // --- Borrow against revnet tokens ---
235
+
236
+ loans.borrowFrom({
237
+ revnetId: revnetId,
238
+ source: REVLoanSource({ token: JBConstants.NATIVE_TOKEN, terminal: terminal }),
239
+ minBorrowAmount: 0,
240
+ collateralCount: 1000e18, // Burn 1000 tokens as collateral
241
+ beneficiary: msg.sender, // Receive borrowed funds
242
+ prepaidFeePercent: 25 // 2.5% prepaid fee (minimum)
243
+ });
244
+
245
+ // --- Repay a loan ---
246
+
247
+ loans.repayLoan({
248
+ loanId: loanId,
249
+ maxRepayAmount: type(uint256).max, // Repay in full
250
+ collateralToReturn: loan.collateral, // Return all collateral
251
+ beneficiary: msg.sender, // Receive re-minted tokens
252
+ allowance: IAllowanceTransfer.PermitSingle({ ... }) // Optional permit2
253
+ });
166
254
  ```
package/package.json CHANGED
@@ -1,6 +1,6 @@
1
1
  {
2
2
  "name": "@rev-net/core-v6",
3
- "version": "0.0.3",
3
+ "version": "0.0.5",
4
4
  "license": "MIT",
5
5
  "repository": {
6
6
  "type": "git",
@@ -17,13 +17,13 @@
17
17
  "artifacts": "source ./.env && npx sphinx artifacts --org-id 'ea165b21-7cdc-4d7b-be59-ecdd4c26bee4' --project-name 'revnet-core-v6'"
18
18
  },
19
19
  "dependencies": {
20
- "@bananapus/721-hook-v6": "^0.0.2",
21
- "@bananapus/buyback-hook-v6": "^0.0.1",
22
- "@bananapus/core-v6": "^0.0.4",
23
- "@bananapus/permission-ids-v6": "^0.0.2",
24
- "@bananapus/suckers-v6": "^0.0.1",
25
- "@bananapus/router-terminal-v6": "^0.0.2",
26
- "@croptop/core-v6": "^0.0.3",
20
+ "@bananapus/721-hook-v6": "^0.0.7",
21
+ "@bananapus/buyback-hook-v6": "^0.0.4",
22
+ "@bananapus/core-v6": "^0.0.5",
23
+ "@bananapus/permission-ids-v6": "^0.0.3",
24
+ "@bananapus/suckers-v6": "^0.0.4",
25
+ "@bananapus/router-terminal-v6": "^0.0.6",
26
+ "@croptop/core-v6": "^0.0.6",
27
27
  "@openzeppelin/contracts": "^5.2.0"
28
28
  },
29
29
  "devDependencies": {
@@ -249,8 +249,11 @@ contract REVDeployer is ERC2771Context, IREVDeployer, IJBRulesetDataHook, IJBCas
249
249
  // Is there a tiered ERC-721 hook?
250
250
  bool usesTiered721Hook = address(tiered721Hook) != address(0);
251
251
 
252
- // Initialize the returned specification array.
253
- hookSpecifications = new JBPayHookSpecification[]((usesTiered721Hook ? 1 : 0) + 1);
252
+ // Did the buyback hook return any specifications? (It won't when direct minting is cheaper than swapping.)
253
+ bool usesBuybackHook = buybackHookSpecifications.length > 0;
254
+
255
+ // Initialize the returned specification array with only the hooks that are present.
256
+ hookSpecifications = new JBPayHookSpecification[]((usesTiered721Hook ? 1 : 0) + (usesBuybackHook ? 1 : 0));
254
257
 
255
258
  // If we have a tiered ERC-721 hook, add it to the array.
256
259
  if (usesTiered721Hook) {
@@ -258,8 +261,10 @@ contract REVDeployer is ERC2771Context, IREVDeployer, IJBRulesetDataHook, IJBCas
258
261
  JBPayHookSpecification({hook: IJBPayHook(address(tiered721Hook)), amount: 0, metadata: bytes("")});
259
262
  }
260
263
 
261
- // Add the buyback hook specification.
262
- hookSpecifications[usesTiered721Hook ? 1 : 0] = buybackHookSpecifications[0];
264
+ // Add the buyback hook specification if present.
265
+ if (usesBuybackHook) {
266
+ hookSpecifications[usesTiered721Hook ? 1 : 0] = buybackHookSpecifications[0];
267
+ }
263
268
  }
264
269
 
265
270
  /// @notice Determine how a cash out from a revnet should be processed.
package/src/REVLoans.sol CHANGED
@@ -344,7 +344,11 @@ contract REVLoans is ERC721, ERC2771Context, Ownable, IREVLoans {
344
344
  // Get a refeerence to the collateral being used to secure loans.
345
345
  uint256 totalCollateral = totalCollateralOf[revnetId];
346
346
 
347
- // Proportional.
347
+ // Proportional — uses the CURRENT stage's cashOutTaxRate.
348
+ // NOTE: When a revnet transitions between stages with different cashOutTaxRate values, the borrowable amount
349
+ // for the same collateral changes. A lower cashOutTaxRate in a later stage means more borrowable value per
350
+ // collateral. This is by design: loan value tracks the current bonding curve parameters, just as cash-out
351
+ // value does. Borrowers benefit from decreasing tax rates and are constrained by increasing ones.
348
352
  return JBCashOuts.cashOutFrom({
349
353
  surplus: totalSurplus + totalBorrowed,
350
354
  cashOutCount: collateralCount,
@@ -0,0 +1,237 @@
1
+ // SPDX-License-Identifier: MIT
2
+ pragma solidity 0.8.26;
3
+
4
+ import "forge-std/Test.sol";
5
+ import /* {*} from */ "@bananapus/core-v6/test/helpers/TestBaseWorkflow.sol";
6
+ import /* {*} from */ "./../src/REVDeployer.sol";
7
+ import "@croptop/core-v6/src/CTPublisher.sol";
8
+ import {MockBuybackDataHookMintPath} from "./mock/MockBuybackDataHookMintPath.sol";
9
+ import {MockBuybackDataHook} from "./mock/MockBuybackDataHook.sol";
10
+ import "@bananapus/core-v6/script/helpers/CoreDeploymentLib.sol";
11
+ import "@bananapus/721-hook-v6/script/helpers/Hook721DeploymentLib.sol";
12
+ import "@bananapus/suckers-v6/script/helpers/SuckerDeploymentLib.sol";
13
+ import "@croptop/core-v6/script/helpers/CroptopDeploymentLib.sol";
14
+ import "@bananapus/router-terminal-v6/script/helpers/RouterTerminalDeploymentLib.sol";
15
+ import {JBConstants} from "@bananapus/core-v6/src/libraries/JBConstants.sol";
16
+ import {JBAccountingContext} from "@bananapus/core-v6/src/structs/JBAccountingContext.sol";
17
+ import {REVLoans} from "../src/REVLoans.sol";
18
+ import {REVStageConfig, REVAutoIssuance} from "../src/structs/REVStageConfig.sol";
19
+ import {REVLoanSource} from "../src/structs/REVLoanSource.sol";
20
+ import {REVDescription} from "../src/structs/REVDescription.sol";
21
+ import {IREVLoans} from "./../src/interfaces/IREVLoans.sol";
22
+ import {JBSuckerDeployerConfig} from "@bananapus/suckers-v6/src/structs/JBSuckerDeployerConfig.sol";
23
+ import {JBSuckerRegistry} from "@bananapus/suckers-v6/src/JBSuckerRegistry.sol";
24
+ import {JB721TiersHookDeployer} from "@bananapus/721-hook-v6/src/JB721TiersHookDeployer.sol";
25
+ import {JB721TiersHook} from "@bananapus/721-hook-v6/src/JB721TiersHook.sol";
26
+ import {JB721TiersHookStore} from "@bananapus/721-hook-v6/src/JB721TiersHookStore.sol";
27
+ import {JBAddressRegistry} from "@bananapus/address-registry-v6/src/JBAddressRegistry.sol";
28
+ import {IJBAddressRegistry} from "@bananapus/address-registry-v6/src/interfaces/IJBAddressRegistry.sol";
29
+ import {JBBeforePayRecordedContext} from "@bananapus/core-v6/src/structs/JBBeforePayRecordedContext.sol";
30
+ import {JBPayHookSpecification} from "@bananapus/core-v6/src/structs/JBPayHookSpecification.sol";
31
+ import {JBTokenAmount} from "@bananapus/core-v6/src/structs/JBTokenAmount.sol";
32
+
33
+ /// @notice Regression tests for the empty buyback hook specifications fix (C-0).
34
+ /// When JBBuybackHook determines minting is cheaper than swapping, it returns an empty
35
+ /// hookSpecifications array. Before the fix, REVDeployer.beforePayRecordedWith would
36
+ /// Panic(0x32) (array out-of-bounds) when accessing buybackHookSpecifications[0].
37
+ contract TestEmptyBuybackSpecs is TestBaseWorkflow, JBTest {
38
+ bytes32 REV_DEPLOYER_SALT = "REVDeployer";
39
+
40
+ REVDeployer REV_DEPLOYER;
41
+ JB721TiersHook EXAMPLE_HOOK;
42
+ IJB721TiersHookDeployer HOOK_DEPLOYER;
43
+ IJB721TiersHookStore HOOK_STORE;
44
+ IJBAddressRegistry ADDRESS_REGISTRY;
45
+ IREVLoans LOANS_CONTRACT;
46
+ IJBSuckerRegistry SUCKER_REGISTRY;
47
+ CTPublisher PUBLISHER;
48
+ MockBuybackDataHookMintPath MOCK_BUYBACK_MINT_PATH;
49
+
50
+ uint256 FEE_PROJECT_ID;
51
+
52
+ address private constant TRUSTED_FORWARDER = 0xB2b5841DBeF766d4b521221732F9B618fCf34A87;
53
+ address USER = makeAddr("user");
54
+
55
+ function setUp() public override {
56
+ super.setUp();
57
+ FEE_PROJECT_ID = jbProjects().createFor(multisig());
58
+ SUCKER_REGISTRY = new JBSuckerRegistry(jbDirectory(), jbPermissions(), multisig(), address(0));
59
+ HOOK_STORE = new JB721TiersHookStore();
60
+ EXAMPLE_HOOK = new JB721TiersHook(jbDirectory(), jbPermissions(), jbRulesets(), HOOK_STORE, multisig());
61
+ ADDRESS_REGISTRY = new JBAddressRegistry();
62
+ HOOK_DEPLOYER = new JB721TiersHookDeployer(EXAMPLE_HOOK, HOOK_STORE, ADDRESS_REGISTRY, multisig());
63
+ PUBLISHER = new CTPublisher(jbDirectory(), jbPermissions(), FEE_PROJECT_ID, multisig());
64
+ MOCK_BUYBACK_MINT_PATH = new MockBuybackDataHookMintPath();
65
+ LOANS_CONTRACT = new REVLoans({
66
+ controller: jbController(),
67
+ projects: jbProjects(),
68
+ revId: FEE_PROJECT_ID,
69
+ owner: address(this),
70
+ permit2: permit2(),
71
+ trustedForwarder: TRUSTED_FORWARDER
72
+ });
73
+ REV_DEPLOYER = new REVDeployer{salt: REV_DEPLOYER_SALT}(
74
+ jbController(),
75
+ SUCKER_REGISTRY,
76
+ FEE_PROJECT_ID,
77
+ HOOK_DEPLOYER,
78
+ PUBLISHER,
79
+ IJBRulesetDataHook(address(MOCK_BUYBACK_MINT_PATH)),
80
+ address(LOANS_CONTRACT),
81
+ TRUSTED_FORWARDER
82
+ );
83
+ vm.prank(multisig());
84
+ jbProjects().approve(address(REV_DEPLOYER), FEE_PROJECT_ID);
85
+ }
86
+
87
+ function _buildMinimalConfig()
88
+ internal
89
+ view
90
+ returns (REVConfig memory cfg, JBTerminalConfig[] memory tc, REVSuckerDeploymentConfig memory sdc)
91
+ {
92
+ JBAccountingContext[] memory acc = new JBAccountingContext[](1);
93
+ acc[0] = JBAccountingContext({
94
+ token: JBConstants.NATIVE_TOKEN, decimals: 18, currency: uint32(uint160(JBConstants.NATIVE_TOKEN))
95
+ });
96
+ tc = new JBTerminalConfig[](1);
97
+ tc[0] = JBTerminalConfig({terminal: jbMultiTerminal(), accountingContextsToAccept: acc});
98
+
99
+ REVStageConfig[] memory stages = new REVStageConfig[](1);
100
+ JBSplit[] memory splits = new JBSplit[](1);
101
+ splits[0].beneficiary = payable(multisig());
102
+ splits[0].percent = 10_000;
103
+ stages[0] = REVStageConfig({
104
+ startsAtOrAfter: uint40(block.timestamp),
105
+ autoIssuances: new REVAutoIssuance[](0),
106
+ splitPercent: 0,
107
+ splits: splits,
108
+ initialIssuance: uint112(1000e18),
109
+ issuanceCutFrequency: 0,
110
+ issuanceCutPercent: 0,
111
+ cashOutTaxRate: 5000,
112
+ extraMetadata: 0
113
+ });
114
+
115
+ cfg = REVConfig({
116
+ description: REVDescription("Test", "TST", "ipfs://test", "TEST_SALT"),
117
+ baseCurrency: uint32(uint160(JBConstants.NATIVE_TOKEN)),
118
+ splitOperator: multisig(),
119
+ stageConfigurations: stages
120
+ });
121
+
122
+ sdc = REVSuckerDeploymentConfig({
123
+ deployerConfigurations: new JBSuckerDeployerConfig[](0), salt: keccak256(abi.encodePacked("TEST"))
124
+ });
125
+ }
126
+
127
+ function _deployFeeAndRevnet() internal returns (uint256 revnetId) {
128
+ (REVConfig memory feeCfg, JBTerminalConfig[] memory feeTc, REVSuckerDeploymentConfig memory feeSdc) =
129
+ _buildMinimalConfig();
130
+
131
+ vm.prank(multisig());
132
+ REV_DEPLOYER.deployFor({
133
+ revnetId: FEE_PROJECT_ID,
134
+ configuration: feeCfg,
135
+ terminalConfigurations: feeTc,
136
+ suckerDeploymentConfiguration: feeSdc
137
+ });
138
+
139
+ (REVConfig memory cfg, JBTerminalConfig[] memory tc, REVSuckerDeploymentConfig memory sdc) =
140
+ _buildMinimalConfig();
141
+ cfg.description = REVDescription("Test2", "TS2", "ipfs://test2", "TEST_SALT_2");
142
+
143
+ revnetId = REV_DEPLOYER.deployFor({
144
+ revnetId: 0, configuration: cfg, terminalConfigurations: tc, suckerDeploymentConfiguration: sdc
145
+ });
146
+ }
147
+
148
+ /// @notice REGRESSION: Payment to revnet must succeed when buyback hook returns empty specs (mint path).
149
+ /// Before the fix, this would Panic(0x32) due to accessing buybackHookSpecifications[0] on an empty array.
150
+ function test_payRevnet_emptyBuybackSpecs_succeeds() public {
151
+ uint256 revnetId = _deployFeeAndRevnet();
152
+
153
+ vm.deal(USER, 1 ether);
154
+ vm.prank(USER);
155
+ jbMultiTerminal().pay{value: 1 ether}({
156
+ projectId: revnetId,
157
+ token: JBConstants.NATIVE_TOKEN,
158
+ amount: 1 ether,
159
+ beneficiary: USER,
160
+ minReturnedTokens: 0,
161
+ memo: "payment with mint path buyback",
162
+ metadata: ""
163
+ });
164
+
165
+ uint256 balance = jbTokens().totalBalanceOf(USER, revnetId);
166
+ assertGt(balance, 0, "Should have received tokens when buyback hook takes mint path");
167
+ }
168
+
169
+ /// @notice Payment with various amounts should work when buyback hook returns empty specs.
170
+ function test_payRevnet_emptyBuybackSpecs_variousAmounts(uint96 amount) public {
171
+ vm.assume(amount > 0.001 ether && amount < 100 ether);
172
+ uint256 revnetId = _deployFeeAndRevnet();
173
+
174
+ vm.deal(USER, amount);
175
+ vm.prank(USER);
176
+ jbMultiTerminal().pay{value: amount}({
177
+ projectId: revnetId,
178
+ token: JBConstants.NATIVE_TOKEN,
179
+ amount: amount,
180
+ beneficiary: USER,
181
+ minReturnedTokens: 0,
182
+ memo: "",
183
+ metadata: ""
184
+ });
185
+
186
+ uint256 balance = jbTokens().totalBalanceOf(USER, revnetId);
187
+ assertGt(balance, 0, "Should have received tokens for any valid amount");
188
+ }
189
+
190
+ /// @notice Multiple sequential payments should work with empty buyback specs.
191
+ function test_payRevnet_emptyBuybackSpecs_multiplePayments() public {
192
+ uint256 revnetId = _deployFeeAndRevnet();
193
+
194
+ for (uint256 i; i < 5; i++) {
195
+ address payer = makeAddr(string(abi.encodePacked("payer", i)));
196
+ vm.deal(payer, 1 ether);
197
+ vm.prank(payer);
198
+ jbMultiTerminal().pay{value: 1 ether}({
199
+ projectId: revnetId,
200
+ token: JBConstants.NATIVE_TOKEN,
201
+ amount: 1 ether,
202
+ beneficiary: payer,
203
+ minReturnedTokens: 0,
204
+ memo: "",
205
+ metadata: ""
206
+ });
207
+ assertGt(jbTokens().totalBalanceOf(payer, revnetId), 0, "Each payer should receive tokens");
208
+ }
209
+ }
210
+
211
+ /// @notice Verify beforePayRecordedWith returns empty hookSpecifications when buyback returns empty.
212
+ function test_beforePayRecordedWith_emptyBuybackSpecs_returnsEmptyArray() public {
213
+ uint256 revnetId = _deployFeeAndRevnet();
214
+
215
+ JBBeforePayRecordedContext memory context = JBBeforePayRecordedContext({
216
+ terminal: address(jbMultiTerminal()),
217
+ payer: USER,
218
+ amount: JBTokenAmount({
219
+ token: JBConstants.NATIVE_TOKEN,
220
+ value: 1 ether,
221
+ decimals: 18,
222
+ currency: uint32(uint160(JBConstants.NATIVE_TOKEN))
223
+ }),
224
+ projectId: revnetId,
225
+ rulesetId: 0,
226
+ beneficiary: USER,
227
+ weight: 1000e18,
228
+ reservedPercent: 0,
229
+ metadata: ""
230
+ });
231
+
232
+ (uint256 weight, JBPayHookSpecification[] memory specs) = REV_DEPLOYER.beforePayRecordedWith(context);
233
+
234
+ assertEq(weight, context.weight, "Weight should pass through from buyback hook");
235
+ assertEq(specs.length, 0, "Should return empty specs when buyback hook returns empty and no 721 hook");
236
+ }
237
+ }
@@ -0,0 +1,241 @@
1
+ // SPDX-License-Identifier: MIT
2
+ pragma solidity 0.8.26;
3
+
4
+ import "forge-std/Test.sol";
5
+ import /* {*} from */ "@bananapus/core-v6/test/helpers/TestBaseWorkflow.sol";
6
+ import /* {*} from */ "./../src/REVDeployer.sol";
7
+ import "@croptop/core-v6/src/CTPublisher.sol";
8
+ import {MockBuybackDataHook} from "./mock/MockBuybackDataHook.sol";
9
+ import "@bananapus/core-v6/script/helpers/CoreDeploymentLib.sol";
10
+ import "@bananapus/721-hook-v6/script/helpers/Hook721DeploymentLib.sol";
11
+ import "@bananapus/suckers-v6/script/helpers/SuckerDeploymentLib.sol";
12
+ import "@croptop/core-v6/script/helpers/CroptopDeploymentLib.sol";
13
+ import "@bananapus/router-terminal-v6/script/helpers/RouterTerminalDeploymentLib.sol";
14
+ import {JBConstants} from "@bananapus/core-v6/src/libraries/JBConstants.sol";
15
+ import {JBAccountingContext} from "@bananapus/core-v6/src/structs/JBAccountingContext.sol";
16
+ import {REVLoans} from "../src/REVLoans.sol";
17
+ import {REVStageConfig, REVAutoIssuance} from "../src/structs/REVStageConfig.sol";
18
+ import {REVLoanSource} from "../src/structs/REVLoanSource.sol";
19
+ import {REVDescription} from "../src/structs/REVDescription.sol";
20
+ import {IREVLoans} from "./../src/interfaces/IREVLoans.sol";
21
+ import {JBSuckerDeployerConfig} from "@bananapus/suckers-v6/src/structs/JBSuckerDeployerConfig.sol";
22
+ import {JBSuckerRegistry} from "@bananapus/suckers-v6/src/JBSuckerRegistry.sol";
23
+ import {JB721TiersHookDeployer} from "@bananapus/721-hook-v6/src/JB721TiersHookDeployer.sol";
24
+ import {JB721TiersHook} from "@bananapus/721-hook-v6/src/JB721TiersHook.sol";
25
+ import {JB721TiersHookStore} from "@bananapus/721-hook-v6/src/JB721TiersHookStore.sol";
26
+ import {JBAddressRegistry} from "@bananapus/address-registry-v6/src/JBAddressRegistry.sol";
27
+ import {IJBAddressRegistry} from "@bananapus/address-registry-v6/src/interfaces/IJBAddressRegistry.sol";
28
+
29
+ /// @notice Documents and verifies that stage transitions change the borrowable amount for the same collateral.
30
+ /// This is by design: loan value tracks the current bonding curve parameters (cashOutTaxRate),
31
+ /// just as cash-out value does.
32
+ contract TestStageTransitionBorrowable is TestBaseWorkflow, JBTest {
33
+ bytes32 REV_DEPLOYER_SALT = "REVDeployer";
34
+
35
+ REVDeployer REV_DEPLOYER;
36
+ JB721TiersHook EXAMPLE_HOOK;
37
+ IJB721TiersHookDeployer HOOK_DEPLOYER;
38
+ IJB721TiersHookStore HOOK_STORE;
39
+ IJBAddressRegistry ADDRESS_REGISTRY;
40
+ IREVLoans LOANS_CONTRACT;
41
+ IJBSuckerRegistry SUCKER_REGISTRY;
42
+ CTPublisher PUBLISHER;
43
+ MockBuybackDataHook MOCK_BUYBACK;
44
+
45
+ uint256 FEE_PROJECT_ID;
46
+ uint256 REVNET_ID;
47
+
48
+ address USER = makeAddr("user");
49
+
50
+ address private constant TRUSTED_FORWARDER = 0xB2b5841DBeF766d4b521221732F9B618fCf34A87;
51
+
52
+ /// @notice Stage 1 starts now with 60% cashOutTaxRate, stage 2 starts after 30 days with 20% cashOutTaxRate.
53
+ function _buildConfig()
54
+ internal
55
+ view
56
+ returns (REVConfig memory cfg, JBTerminalConfig[] memory tc, REVSuckerDeploymentConfig memory sdc)
57
+ {
58
+ JBAccountingContext[] memory acc = new JBAccountingContext[](1);
59
+ acc[0] = JBAccountingContext({
60
+ token: JBConstants.NATIVE_TOKEN, decimals: 18, currency: uint32(uint160(JBConstants.NATIVE_TOKEN))
61
+ });
62
+ tc = new JBTerminalConfig[](1);
63
+ tc[0] = JBTerminalConfig({terminal: jbMultiTerminal(), accountingContextsToAccept: acc});
64
+
65
+ REVStageConfig[] memory stages = new REVStageConfig[](2);
66
+ JBSplit[] memory splits = new JBSplit[](1);
67
+ splits[0].beneficiary = payable(multisig());
68
+ splits[0].percent = 10_000;
69
+
70
+ // Stage 1: high cashOutTaxRate (60%)
71
+ stages[0] = REVStageConfig({
72
+ startsAtOrAfter: uint40(block.timestamp),
73
+ autoIssuances: new REVAutoIssuance[](0),
74
+ splitPercent: 0,
75
+ splits: splits,
76
+ initialIssuance: uint112(1000e18),
77
+ issuanceCutFrequency: 0,
78
+ issuanceCutPercent: 0,
79
+ cashOutTaxRate: 6000, // 60%
80
+ extraMetadata: 0
81
+ });
82
+
83
+ // Stage 2: low cashOutTaxRate (20%) — starts after 30 days
84
+ stages[1] = REVStageConfig({
85
+ startsAtOrAfter: uint40(block.timestamp + 30 days),
86
+ autoIssuances: new REVAutoIssuance[](0),
87
+ splitPercent: 0,
88
+ splits: splits,
89
+ initialIssuance: uint112(1000e18),
90
+ issuanceCutFrequency: 0,
91
+ issuanceCutPercent: 0,
92
+ cashOutTaxRate: 2000, // 20%
93
+ extraMetadata: 0
94
+ });
95
+
96
+ cfg = REVConfig({
97
+ description: REVDescription("StageTest", "STG", "ipfs://test", "STG_SALT"),
98
+ baseCurrency: uint32(uint160(JBConstants.NATIVE_TOKEN)),
99
+ splitOperator: multisig(),
100
+ stageConfigurations: stages
101
+ });
102
+
103
+ sdc = REVSuckerDeploymentConfig({
104
+ deployerConfigurations: new JBSuckerDeployerConfig[](0), salt: keccak256(abi.encodePacked("STG"))
105
+ });
106
+ }
107
+
108
+ function setUp() public override {
109
+ super.setUp();
110
+ FEE_PROJECT_ID = jbProjects().createFor(multisig());
111
+ SUCKER_REGISTRY = new JBSuckerRegistry(jbDirectory(), jbPermissions(), multisig(), address(0));
112
+ HOOK_STORE = new JB721TiersHookStore();
113
+ EXAMPLE_HOOK = new JB721TiersHook(jbDirectory(), jbPermissions(), jbRulesets(), HOOK_STORE, multisig());
114
+ ADDRESS_REGISTRY = new JBAddressRegistry();
115
+ HOOK_DEPLOYER = new JB721TiersHookDeployer(EXAMPLE_HOOK, HOOK_STORE, ADDRESS_REGISTRY, multisig());
116
+ PUBLISHER = new CTPublisher(jbDirectory(), jbPermissions(), FEE_PROJECT_ID, multisig());
117
+ MOCK_BUYBACK = new MockBuybackDataHook();
118
+ LOANS_CONTRACT = new REVLoans({
119
+ controller: jbController(),
120
+ projects: jbProjects(),
121
+ revId: FEE_PROJECT_ID,
122
+ owner: address(this),
123
+ permit2: permit2(),
124
+ trustedForwarder: TRUSTED_FORWARDER
125
+ });
126
+ REV_DEPLOYER = new REVDeployer{salt: REV_DEPLOYER_SALT}(
127
+ jbController(),
128
+ SUCKER_REGISTRY,
129
+ FEE_PROJECT_ID,
130
+ HOOK_DEPLOYER,
131
+ PUBLISHER,
132
+ IJBRulesetDataHook(address(MOCK_BUYBACK)),
133
+ address(LOANS_CONTRACT),
134
+ TRUSTED_FORWARDER
135
+ );
136
+ vm.prank(multisig());
137
+ jbProjects().approve(address(REV_DEPLOYER), FEE_PROJECT_ID);
138
+
139
+ // Deploy the fee project first.
140
+ (REVConfig memory feeCfg, JBTerminalConfig[] memory feeTc, REVSuckerDeploymentConfig memory feeSdc) =
141
+ _buildConfig();
142
+ vm.prank(multisig());
143
+ REV_DEPLOYER.deployFor({
144
+ revnetId: FEE_PROJECT_ID,
145
+ configuration: feeCfg,
146
+ terminalConfigurations: feeTc,
147
+ suckerDeploymentConfiguration: feeSdc
148
+ });
149
+
150
+ // Deploy the test revnet.
151
+ (REVConfig memory cfg, JBTerminalConfig[] memory tc, REVSuckerDeploymentConfig memory sdc) = _buildConfig();
152
+ cfg.description = REVDescription("StageTest2", "ST2", "ipfs://test2", "STG_SALT_2");
153
+ REVNET_ID = REV_DEPLOYER.deployFor({
154
+ revnetId: 0, configuration: cfg, terminalConfigurations: tc, suckerDeploymentConfiguration: sdc
155
+ });
156
+
157
+ vm.deal(USER, 100 ether);
158
+ }
159
+
160
+ /// @notice BY DESIGN: Borrowable amount increases when transitioning to a stage with lower cashOutTaxRate.
161
+ /// This documents that loan value tracks the current bonding curve, just as cash-out value does.
162
+ /// @dev The bonding curve only applies a tax discount when cashOutCount < totalSupply,
163
+ /// so we need multiple payers to see the effect.
164
+ function test_borrowableAmount_increasesWhenCashOutTaxRateDecreases() public {
165
+ // Two payers so the bonding curve tax rate has a visible effect (count < supply).
166
+ address otherPayer = makeAddr("otherPayer");
167
+ vm.deal(otherPayer, 10 ether);
168
+ vm.prank(otherPayer);
169
+ jbMultiTerminal().pay{value: 10 ether}({
170
+ projectId: REVNET_ID,
171
+ token: JBConstants.NATIVE_TOKEN,
172
+ amount: 10 ether,
173
+ beneficiary: otherPayer,
174
+ minReturnedTokens: 0,
175
+ memo: "",
176
+ metadata: ""
177
+ });
178
+
179
+ vm.prank(USER);
180
+ uint256 tokens = jbMultiTerminal().pay{value: 10 ether}({
181
+ projectId: REVNET_ID,
182
+ token: JBConstants.NATIVE_TOKEN,
183
+ amount: 10 ether,
184
+ beneficiary: USER,
185
+ minReturnedTokens: 0,
186
+ memo: "",
187
+ metadata: ""
188
+ });
189
+ assertGt(tokens, 0, "Should receive tokens");
190
+
191
+ // Check borrowable amount during stage 1 (60% cashOutTaxRate).
192
+ uint256 borrowableStage1 =
193
+ LOANS_CONTRACT.borrowableAmountFrom(REVNET_ID, tokens, 18, uint32(uint160(JBConstants.NATIVE_TOKEN)));
194
+ assertGt(borrowableStage1, 0, "Borrowable amount should be positive in stage 1");
195
+
196
+ // Warp to stage 2 (20% cashOutTaxRate).
197
+ vm.warp(block.timestamp + 31 days);
198
+
199
+ // Check borrowable amount during stage 2.
200
+ uint256 borrowableStage2 =
201
+ LOANS_CONTRACT.borrowableAmountFrom(REVNET_ID, tokens, 18, uint32(uint160(JBConstants.NATIVE_TOKEN)));
202
+
203
+ // Borrowable amount should be HIGHER with a lower cashOutTaxRate — by design.
204
+ assertGt(borrowableStage2, borrowableStage1, "Borrowable amount should increase with lower cashOutTaxRate");
205
+ }
206
+
207
+ /// @notice Verifies that the bonding curve formula applies the tax rate correctly when count < supply.
208
+ function test_borrowableAmount_taxRateReducesPartialCashOut() public {
209
+ // Two payers so USER holds a fraction of total supply.
210
+ address otherPayer = makeAddr("otherPayer");
211
+ vm.deal(otherPayer, 10 ether);
212
+ vm.prank(otherPayer);
213
+ jbMultiTerminal().pay{value: 10 ether}({
214
+ projectId: REVNET_ID,
215
+ token: JBConstants.NATIVE_TOKEN,
216
+ amount: 10 ether,
217
+ beneficiary: otherPayer,
218
+ minReturnedTokens: 0,
219
+ memo: "",
220
+ metadata: ""
221
+ });
222
+
223
+ vm.prank(USER);
224
+ uint256 tokens = jbMultiTerminal().pay{value: 10 ether}({
225
+ projectId: REVNET_ID,
226
+ token: JBConstants.NATIVE_TOKEN,
227
+ amount: 10 ether,
228
+ beneficiary: USER,
229
+ minReturnedTokens: 0,
230
+ memo: "",
231
+ metadata: ""
232
+ });
233
+
234
+ // With 60% tax rate and ~50% of supply, borrowable should be meaningfully less than pro-rata share.
235
+ uint256 borrowable =
236
+ LOANS_CONTRACT.borrowableAmountFrom(REVNET_ID, tokens, 18, uint32(uint160(JBConstants.NATIVE_TOKEN)));
237
+ assertGt(borrowable, 0, "Borrowable amount should be positive");
238
+ // Pro-rata share would be ~10 ether (half of 20 ether surplus). With 60% tax, it should be less.
239
+ assertLt(borrowable, 10 ether, "Borrowable should be less than pro-rata share due to tax rate");
240
+ }
241
+ }
@@ -0,0 +1,61 @@
1
+ // SPDX-License-Identifier: MIT
2
+ pragma solidity 0.8.26;
3
+
4
+ import {IJBRulesetDataHook} from "@bananapus/core-v6/src/interfaces/IJBRulesetDataHook.sol";
5
+ import {IJBPayHook} from "@bananapus/core-v6/src/interfaces/IJBPayHook.sol";
6
+ import {JBBeforePayRecordedContext} from "@bananapus/core-v6/src/structs/JBBeforePayRecordedContext.sol";
7
+ import {JBBeforeCashOutRecordedContext} from "@bananapus/core-v6/src/structs/JBBeforeCashOutRecordedContext.sol";
8
+ import {JBPayHookSpecification} from "@bananapus/core-v6/src/structs/JBPayHookSpecification.sol";
9
+ import {JBCashOutHookSpecification} from "@bananapus/core-v6/src/structs/JBCashOutHookSpecification.sol";
10
+ import {JBAfterPayRecordedContext} from "@bananapus/core-v6/src/structs/JBAfterPayRecordedContext.sol";
11
+ import {JBRuleset} from "@bananapus/core-v6/src/structs/JBRuleset.sol";
12
+ import {IUniswapV3Pool} from "@uniswap/v3-core/contracts/interfaces/IUniswapV3Pool.sol";
13
+ import {IERC165} from "@openzeppelin/contracts/utils/introspection/IERC165.sol";
14
+
15
+ /// @notice Mock buyback hook that simulates the "mint path" — returns EMPTY hookSpecifications.
16
+ /// This is what the real JBBuybackHook does when direct minting is cheaper than swapping
17
+ /// (i.e., tokenCountWithoutHook >= minimumSwapAmountOut).
18
+ contract MockBuybackDataHookMintPath is IJBRulesetDataHook, IJBPayHook {
19
+ function beforePayRecordedWith(JBBeforePayRecordedContext calldata context)
20
+ external
21
+ view
22
+ override
23
+ returns (uint256 weight, JBPayHookSpecification[] memory hookSpecifications)
24
+ {
25
+ weight = context.weight;
26
+ // Return EMPTY hookSpecifications — simulating the mint path where no swap is needed.
27
+ hookSpecifications = new JBPayHookSpecification[](0);
28
+ }
29
+
30
+ function beforeCashOutRecordedWith(JBBeforeCashOutRecordedContext calldata context)
31
+ external
32
+ view
33
+ override
34
+ returns (
35
+ uint256 cashOutTaxRate,
36
+ uint256 cashOutCount,
37
+ uint256 totalSupply,
38
+ JBCashOutHookSpecification[] memory hookSpecifications
39
+ )
40
+ {
41
+ cashOutTaxRate = context.cashOutTaxRate;
42
+ cashOutCount = context.cashOutCount;
43
+ totalSupply = context.totalSupply;
44
+ hookSpecifications = new JBCashOutHookSpecification[](0);
45
+ }
46
+
47
+ function hasMintPermissionFor(uint256, JBRuleset calldata, address) external pure override returns (bool) {
48
+ return false;
49
+ }
50
+
51
+ function afterPayRecordedWith(JBAfterPayRecordedContext calldata) external payable override {}
52
+
53
+ function setPoolFor(uint256, uint24, uint256, address) external pure returns (IUniswapV3Pool) {
54
+ return IUniswapV3Pool(address(0));
55
+ }
56
+
57
+ function supportsInterface(bytes4 interfaceId) external pure override returns (bool) {
58
+ return interfaceId == type(IJBRulesetDataHook).interfaceId || interfaceId == type(IJBPayHook).interfaceId
59
+ || interfaceId == type(IERC165).interfaceId;
60
+ }
61
+ }