mirror of
https://github.com/0glabs/0g-chain.git
synced 2024-12-26 00:05:18 +00:00
add debt tracking to auctions
This commit is contained in:
rhuairahrighairigh
parent
27f3e76da3
commit
61e5de556c
@ -25,7 +25,7 @@ func TestKeeper_EndBlocker(t *testing.T) {
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tApp := app.NewTestApp()
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sellerAcc := supply.NewEmptyModuleAccount(sellerModName)
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require.NoError(t, sellerAcc.SetCoins(cs(c("token1", 100), c("token2", 100))))
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require.NoError(t, sellerAcc.SetCoins(cs(c("token1", 100), c("token2", 100), c("debt", 100))))
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tApp.InitializeFromGenesisStates(
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NewAuthGenStateFromAccs(authexported.GenesisAccounts{
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auth.NewBaseAccount(buyer, cs(c("token1", 100), c("token2", 100)), nil, 0, 0),
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@ -36,7 +36,7 @@ func TestKeeper_EndBlocker(t *testing.T) {
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ctx := tApp.NewContext(true, abci.Header{})
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keeper := tApp.GetAuctionKeeper()
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auctionID, err := keeper.StartCollateralAuction(ctx, sellerModName, c("token1", 20), c("token2", 50), returnAddrs, returnWeights)
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auctionID, err := keeper.StartCollateralAuction(ctx, sellerModName, c("token1", 20), c("token2", 50), returnAddrs, returnWeights, c("debt", 40))
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require.NoError(t, err)
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require.NoError(t, keeper.PlaceBid(ctx, auctionID, buyer, c("token2", 30)))
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@ -31,13 +31,14 @@ func (k Keeper) StartSurplusAuction(ctx sdk.Context, seller string, lot sdk.Coin
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}
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// StartDebtAuction starts a new debt (reverse) auction.
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func (k Keeper) StartDebtAuction(ctx sdk.Context, buyer string, bid sdk.Coin, initialLot sdk.Coin) (uint64, sdk.Error) {
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func (k Keeper) StartDebtAuction(ctx sdk.Context, buyer string, bid sdk.Coin, initialLot sdk.Coin, debt sdk.Coin) (uint64, sdk.Error) {
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auction := types.NewDebtAuction(
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buyer,
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bid,
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initialLot,
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ctx.BlockTime().Add(k.GetParams(ctx).MaxAuctionDuration))
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ctx.BlockTime().Add(k.GetParams(ctx).MaxAuctionDuration),
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debt)
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// This auction type mints coins at close. Need to check module account has minting privileges to avoid potential err in endblocker.
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macc := k.supplyKeeper.GetModuleAccount(ctx, buyer)
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@ -45,6 +46,11 @@ func (k Keeper) StartDebtAuction(ctx sdk.Context, buyer string, bid sdk.Coin, in
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return 0, sdk.ErrInternal("module does not have minting permissions")
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}
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err := k.supplyKeeper.SendCoinsFromModuleToModule(ctx, buyer, types.ModuleName, sdk.NewCoins(debt))
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if err != nil {
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return 0, err
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}
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auctionID, err := k.StoreNewAuction(ctx, auction)
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if err != nil {
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return 0, err
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@ -53,18 +59,28 @@ func (k Keeper) StartDebtAuction(ctx sdk.Context, buyer string, bid sdk.Coin, in
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}
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// StartCollateralAuction starts a new collateral (2-phase) auction.
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func (k Keeper) StartCollateralAuction(ctx sdk.Context, seller string, lot sdk.Coin, maxBid sdk.Coin, lotReturnAddrs []sdk.AccAddress, lotReturnWeights []sdk.Int) (uint64, sdk.Error) {
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func (k Keeper) StartCollateralAuction(ctx sdk.Context, seller string, lot sdk.Coin, maxBid sdk.Coin, lotReturnAddrs []sdk.AccAddress, lotReturnWeights []sdk.Int, debt sdk.Coin) (uint64, sdk.Error) {
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weightedAddresses, err := types.NewWeightedAddresses(lotReturnAddrs, lotReturnWeights)
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if err != nil {
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return 0, err
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}
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auction := types.NewCollateralAuction(seller, lot, ctx.BlockTime().Add(types.DefaultMaxAuctionDuration), maxBid, weightedAddresses)
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auction := types.NewCollateralAuction(
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seller,
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lot,
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ctx.BlockTime().Add(types.DefaultMaxAuctionDuration),
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maxBid,
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weightedAddresses,
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debt)
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err = k.supplyKeeper.SendCoinsFromModuleToModule(ctx, seller, types.ModuleName, sdk.NewCoins(lot))
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if err != nil {
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return 0, err
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}
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err = k.supplyKeeper.SendCoinsFromModuleToModule(ctx, seller, types.ModuleName, sdk.NewCoins(debt))
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if err != nil {
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return 0, err
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}
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auctionID, err := k.StoreNewAuction(ctx, auction)
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if err != nil {
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@ -184,10 +200,24 @@ func (k Keeper) PlaceForwardBidCollateral(ctx sdk.Context, a types.CollateralAuc
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}
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}
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// Increase in bid sent to auction initiator
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err := k.supplyKeeper.SendCoinsFromAccountToModule(ctx, bidder, a.Initiator, sdk.NewCoins(bid.Sub(a.Bid)))
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bidIncrement := bid.Sub(a.Bid)
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err := k.supplyKeeper.SendCoinsFromAccountToModule(ctx, bidder, a.Initiator, sdk.NewCoins(bidIncrement))
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if err != nil {
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return a, err
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}
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// Debt coins are sent to liquidator (until there is no CorrespondingDebt left). Amount sent is equal to bidIncrement.
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if a.CorrespondingDebt.IsPositive() {
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debtAmountToReturn := sdk.MinInt(bidIncrement.Amount, a.CorrespondingDebt.Amount)
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debtToReturn := sdk.NewCoin(a.CorrespondingDebt.Denom, debtAmountToReturn)
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err = k.supplyKeeper.SendCoinsFromModuleToModule(ctx, types.ModuleName, a.Initiator, sdk.NewCoins(debtToReturn))
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if err != nil {
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return a, err
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}
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a.CorrespondingDebt = a.CorrespondingDebt.Sub(debtToReturn) // debtToReturn will always be ≤ a.CorrespondingDebt from the MinInt above
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// TODO optionally burn out debt and stable just returned to liquidator
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}
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// Update Auction
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a.Bidder = bidder
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@ -271,6 +301,19 @@ func (k Keeper) PlaceBidDebt(ctx sdk.Context, a types.DebtAuction, bidder sdk.Ac
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return a, err
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}
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}
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// Debt coins are sent to liquidator the first time a bid is placed. Amount sent is equal to Bid.
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if a.Bidder.Equals(supply.NewModuleAddress(a.Initiator)) {
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debtAmountToReturn := sdk.MinInt(a.Bid.Amount, a.CorrespondingDebt.Amount)
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debtToReturn := sdk.NewCoin(a.CorrespondingDebt.Denom, debtAmountToReturn)
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err := k.supplyKeeper.SendCoinsFromModuleToModule(ctx, types.ModuleName, a.Initiator, sdk.NewCoins(debtToReturn))
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if err != nil {
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return a, err
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}
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a.CorrespondingDebt = a.CorrespondingDebt.Sub(debtToReturn) // debtToReturn will always be ≤ a.CorrespondingDebt from the MinInt above
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// TODO optionally burn out debt and stable just returned to liquidator
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}
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// Update Auction
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a.Bidder = bidder
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@ -324,6 +367,12 @@ func (k Keeper) PayoutDebtAuction(ctx sdk.Context, a types.DebtAuction) sdk.Erro
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if err != nil {
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return err
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}
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if a.CorrespondingDebt.IsPositive() {
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err = k.supplyKeeper.SendCoinsFromModuleToModule(ctx, types.ModuleName, a.Initiator, sdk.NewCoins(a.CorrespondingDebt))
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if err != nil {
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return err
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}
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}
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return nil
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}
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@ -342,6 +391,12 @@ func (k Keeper) PayoutCollateralAuction(ctx sdk.Context, a types.CollateralAucti
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if err != nil {
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return err
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}
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if a.CorrespondingDebt.IsPositive() {
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err = k.supplyKeeper.SendCoinsFromModuleToModule(ctx, types.ModuleName, a.Initiator, sdk.NewCoins(a.CorrespondingDebt))
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if err != nil {
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return err
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}
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}
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return nil
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}
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@ -69,27 +69,29 @@ func TestDebtAuctionBasic(t *testing.T) {
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tApp := app.NewTestApp()
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buyerAcc := supply.NewEmptyModuleAccount(buyerModName, supply.Minter) // reverse auctions mint payout
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require.NoError(t, buyerAcc.SetCoins(cs(c("debt", 100))))
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tApp.InitializeFromGenesisStates(
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NewAuthGenStateFromAccs(authexported.GenesisAccounts{
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auth.NewBaseAccount(seller, cs(c("token1", 100), c("token2", 100)), nil, 0, 0),
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supply.NewEmptyModuleAccount(buyerModName, supply.Minter), // reverse auctions mint payout
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buyerAcc,
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}),
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)
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ctx := tApp.NewContext(false, abci.Header{})
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keeper := tApp.GetAuctionKeeper()
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// Start auction
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auctionID, err := keeper.StartDebtAuction(ctx, buyerModName, c("token1", 20), c("token2", 99999)) // buyer, bid, initialLot
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auctionID, err := keeper.StartDebtAuction(ctx, buyerModName, c("token1", 20), c("token2", 99999), c("debt", 20))
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require.NoError(t, err)
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// Check buyer's coins have not decreased, as lot is minted at the end
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tApp.CheckBalance(t, ctx, buyerAddr, nil) // zero coins
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// Check buyer's coins have not decreased (except for debt), as lot is minted at the end
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tApp.CheckBalance(t, ctx, buyerAddr, cs(c("debt", 80)))
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// Place a bid
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require.NoError(t, keeper.PlaceBid(ctx, 0, seller, c("token2", 10)))
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// Check seller's coins have decreased
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tApp.CheckBalance(t, ctx, seller, cs(c("token1", 80), c("token2", 100)))
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// Check buyer's coins have increased
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tApp.CheckBalance(t, ctx, buyerAddr, cs(c("token1", 20)))
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tApp.CheckBalance(t, ctx, buyerAddr, cs(c("token1", 20), c("debt", 100)))
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// Close auction at just after auction expiry
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ctx = ctx.WithBlockTime(ctx.BlockTime().Add(types.DefaultBidDuration))
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@ -109,7 +111,7 @@ func TestCollateralAuctionBasic(t *testing.T) {
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tApp := app.NewTestApp()
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sellerAcc := supply.NewEmptyModuleAccount(sellerModName)
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require.NoError(t, sellerAcc.SetCoins(cs(c("token1", 100), c("token2", 100))))
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require.NoError(t, sellerAcc.SetCoins(cs(c("token1", 100), c("token2", 100), c("debt", 100))))
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tApp.InitializeFromGenesisStates(
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NewAuthGenStateFromAccs(authexported.GenesisAccounts{
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auth.NewBaseAccount(buyer, cs(c("token1", 100), c("token2", 100)), nil, 0, 0),
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@ -123,17 +125,17 @@ func TestCollateralAuctionBasic(t *testing.T) {
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keeper := tApp.GetAuctionKeeper()
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// Start auction
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auctionID, err := keeper.StartCollateralAuction(ctx, sellerModName, c("token1", 20), c("token2", 50), returnAddrs, returnWeights) // seller, lot, maxBid, otherPerson
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auctionID, err := keeper.StartCollateralAuction(ctx, sellerModName, c("token1", 20), c("token2", 50), returnAddrs, returnWeights, c("debt", 40))
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require.NoError(t, err)
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// Check seller's coins have decreased
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tApp.CheckBalance(t, ctx, sellerAddr, cs(c("token1", 80), c("token2", 100)))
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tApp.CheckBalance(t, ctx, sellerAddr, cs(c("token1", 80), c("token2", 100), c("debt", 60)))
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// Place a forward bid
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require.NoError(t, keeper.PlaceBid(ctx, 0, buyer, c("token2", 10)))
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// Check bidder's coins have decreased
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tApp.CheckBalance(t, ctx, buyer, cs(c("token1", 100), c("token2", 90)))
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// Check seller's coins have increased
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tApp.CheckBalance(t, ctx, sellerAddr, cs(c("token1", 80), c("token2", 110)))
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tApp.CheckBalance(t, ctx, sellerAddr, cs(c("token1", 80), c("token2", 110), c("debt", 70)))
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// Check return addresses have not received coins
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for _, ra := range returnAddrs {
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tApp.CheckBalance(t, ctx, ra, cs(c("token1", 100), c("token2", 100)))
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@ -145,7 +147,7 @@ func TestCollateralAuctionBasic(t *testing.T) {
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// Check bidder's coins have decreased
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tApp.CheckBalance(t, ctx, buyer, cs(c("token1", 100), c("token2", 50)))
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// Check seller's coins have increased
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tApp.CheckBalance(t, ctx, sellerAddr, cs(c("token1", 80), c("token2", 150)))
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tApp.CheckBalance(t, ctx, sellerAddr, cs(c("token1", 80), c("token2", 150), c("debt", 100)))
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// Check return addresses have received coins
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tApp.CheckBalance(t, ctx, returnAddrs[0], cs(c("token1", 102), c("token2", 100)))
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tApp.CheckBalance(t, ctx, returnAddrs[1], cs(c("token1", 102), c("token2", 100)))
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@ -74,8 +74,8 @@ func TestIterateAuctions(t *testing.T) {
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auctions := []types.Auction{
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types.NewSurplusAuction("sellerMod", c("denom", 12345678), "anotherdenom", time.Date(1998, time.January, 1, 0, 0, 0, 0, time.UTC)).WithID(0),
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types.NewDebtAuction("buyerMod", c("denom", 12345678), c("anotherdenom", 12345678), time.Date(1998, time.January, 1, 0, 0, 0, 0, time.UTC)).WithID(1),
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types.NewCollateralAuction("sellerMod", c("denom", 12345678), time.Date(1998, time.January, 1, 0, 0, 0, 0, time.UTC), c("anotherdenom", 12345678), types.WeightedAddresses{}).WithID(2),
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types.NewDebtAuction("buyerMod", c("denom", 12345678), c("anotherdenom", 12345678), time.Date(1998, time.January, 1, 0, 0, 0, 0, time.UTC), c("debt", 12345678)).WithID(1),
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types.NewCollateralAuction("sellerMod", c("denom", 12345678), time.Date(1998, time.January, 1, 0, 0, 0, 0, time.UTC), c("anotherdenom", 12345678), types.WeightedAddresses{}, c("debt", 12345678)).WithID(2),
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}
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for _, a := range auctions {
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keeper.SetAuction(ctx, a)
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@ -73,25 +73,28 @@ func NewSurplusAuction(seller string, lot sdk.Coin, bidDenom string, endTime tim
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// It is normally used to acquire pegged asset to cover the CDP system's debts that were not covered by selling collateral.
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type DebtAuction struct {
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BaseAuction
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CorrespondingDebt sdk.Coin
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}
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// WithID returns an auction with the ID set.
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func (a DebtAuction) WithID(id uint64) Auction { a.ID = id; return a }
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// NewDebtAuction returns a new debt auction.
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func NewDebtAuction(buyerModAccName string, bid sdk.Coin, initialLot sdk.Coin, EndTime time.Time) DebtAuction {
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func NewDebtAuction(buyerModAccName string, bid sdk.Coin, initialLot sdk.Coin, EndTime time.Time, debt sdk.Coin) DebtAuction {
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// Note: Bidder is set to the initiator's module account address instead of module name. (when the first bid is placed, it is paid out to the initiator)
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// Setting to the module account address bypasses calling supply.SendCoinsFromModuleToModule, instead calls SendCoinsFromModuleToAccount.
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// This isn't a problem currently, but if additional logic/validation was added for sending to coins to Module Accounts, it would be bypassed.
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auction := DebtAuction{BaseAuction{
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// no ID
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Initiator: buyerModAccName,
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Lot: initialLot,
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Bidder: supply.NewModuleAddress(buyerModAccName), // send proceeds from the first bid to the buyer.
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Bid: bid, // amount that the buyer is buying - doesn't change over course of auction
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EndTime: EndTime,
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MaxEndTime: EndTime,
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}}
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auction := DebtAuction{
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BaseAuction: BaseAuction{
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// no ID
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Initiator: buyerModAccName,
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Lot: initialLot,
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Bidder: supply.NewModuleAddress(buyerModAccName), // send proceeds from the first bid to the buyer.
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Bid: bid, // amount that the buyer is buying - doesn't change over course of auction
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EndTime: EndTime,
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MaxEndTime: EndTime},
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CorrespondingDebt: debt,
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}
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return auction
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}
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@ -102,8 +105,9 @@ func NewDebtAuction(buyerModAccName string, bid sdk.Coin, initialLot sdk.Coin, E
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// Collateral auctions are normally used to sell off collateral seized from CDPs.
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type CollateralAuction struct {
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BaseAuction
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MaxBid sdk.Coin
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LotReturns WeightedAddresses
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CorrespondingDebt sdk.Coin
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MaxBid sdk.Coin
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LotReturns WeightedAddresses
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}
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// WithID returns an auction with the ID set.
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@ -132,7 +136,7 @@ func (a CollateralAuction) String() string {
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}
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// NewCollateralAuction returns a new collateral auction.
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func NewCollateralAuction(seller string, lot sdk.Coin, EndTime time.Time, maxBid sdk.Coin, lotReturns WeightedAddresses) CollateralAuction {
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func NewCollateralAuction(seller string, lot sdk.Coin, EndTime time.Time, maxBid sdk.Coin, lotReturns WeightedAddresses, debt sdk.Coin) CollateralAuction {
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auction := CollateralAuction{
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BaseAuction: BaseAuction{
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// no ID
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@ -142,8 +146,9 @@ func NewCollateralAuction(seller string, lot sdk.Coin, EndTime time.Time, maxBid
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Bid: sdk.NewInt64Coin(maxBid.Denom, 0),
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EndTime: EndTime,
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MaxEndTime: EndTime},
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MaxBid: maxBid,
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LotReturns: lotReturns,
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CorrespondingDebt: debt,
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MaxBid: maxBid,
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LotReturns: lotReturns,
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}
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return auction
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}
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