mirror of
https://github.com/0glabs/0g-chain.git
synced 2024-12-26 16:25:21 +00:00
272 lines
9.7 KiB
Go
272 lines
9.7 KiB
Go
package keeper
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import (
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"fmt"
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"math"
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sdkmath "cosmossdk.io/math"
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"github.com/cosmos/cosmos-sdk/store/prefix"
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sdk "github.com/cosmos/cosmos-sdk/types"
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"github.com/kava-labs/kava/x/cdp/types"
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)
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var scalingFactor = 1e18
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// AccumulateInterest calculates the new interest that has accrued for the input collateral type based on the total amount of principal
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// that has been created with that collateral type and the amount of time that has passed since interest was last accumulated
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func (k Keeper) AccumulateInterest(ctx sdk.Context, ctype string) error {
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previousAccrualTime, found := k.GetPreviousAccrualTime(ctx, ctype)
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if !found {
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k.SetPreviousAccrualTime(ctx, ctype, ctx.BlockTime())
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return nil
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}
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timeElapsed := int64(math.RoundToEven(
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ctx.BlockTime().Sub(previousAccrualTime).Seconds(),
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))
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if timeElapsed == 0 {
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return nil
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}
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totalPrincipalPrior := k.GetTotalPrincipal(ctx, ctype, types.DefaultStableDenom)
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if totalPrincipalPrior.IsZero() || totalPrincipalPrior.IsNegative() {
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k.SetPreviousAccrualTime(ctx, ctype, ctx.BlockTime())
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return nil
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}
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interestFactorPrior, foundInterestFactorPrior := k.GetInterestFactor(ctx, ctype)
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if !foundInterestFactorPrior {
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k.SetInterestFactor(ctx, ctype, sdk.OneDec())
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// set previous accrual time exit early because interest accumulated will be zero
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k.SetPreviousAccrualTime(ctx, ctype, ctx.BlockTime())
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return nil
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}
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borrowRateSpy := k.getFeeRate(ctx, ctype)
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if borrowRateSpy.Equal(sdk.OneDec()) {
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k.SetPreviousAccrualTime(ctx, ctype, ctx.BlockTime())
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return nil
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}
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interestFactor := CalculateInterestFactor(borrowRateSpy, sdkmath.NewInt(timeElapsed))
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interestAccumulated := (interestFactor.Mul(sdk.NewDecFromInt(totalPrincipalPrior))).RoundInt().Sub(totalPrincipalPrior)
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if interestAccumulated.IsZero() {
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// in the case accumulated interest rounds to zero, exit early without updating accrual time
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return nil
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}
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err := k.MintDebtCoins(ctx, types.ModuleName, k.GetDebtDenom(ctx), sdk.NewCoin(types.DefaultStableDenom, interestAccumulated))
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if err != nil {
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return err
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}
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dp, found := k.GetDebtParam(ctx, types.DefaultStableDenom)
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if !found {
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panic(fmt.Sprintf("Debt parameters for %s not found", types.DefaultStableDenom))
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}
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newFeesSurplus := interestAccumulated
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// mint surplus coins to the liquidator module account.
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if newFeesSurplus.IsPositive() {
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err := k.bankKeeper.MintCoins(ctx, types.LiquidatorMacc, sdk.NewCoins(sdk.NewCoin(dp.Denom, newFeesSurplus)))
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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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interestFactorNew := interestFactorPrior.Mul(interestFactor)
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totalPrincipalNew := totalPrincipalPrior.Add(interestAccumulated)
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k.SetTotalPrincipal(ctx, ctype, types.DefaultStableDenom, totalPrincipalNew)
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k.SetInterestFactor(ctx, ctype, interestFactorNew)
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k.SetPreviousAccrualTime(ctx, ctype, ctx.BlockTime())
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return nil
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}
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// CalculateInterestFactor calculates the simple interest scaling factor,
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// which is equal to: (per-second interest rate ** number of seconds elapsed)
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// Will return 1.000x, multiply by principal to get new principal with added interest
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func CalculateInterestFactor(perSecondInterestRate sdk.Dec, secondsElapsed sdkmath.Int) sdk.Dec {
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scalingFactorUint := sdk.NewUint(uint64(scalingFactor))
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scalingFactorInt := sdkmath.NewInt(int64(scalingFactor))
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// Convert per-second interest rate to a uint scaled by 1e18
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interestMantissa := sdkmath.NewUintFromBigInt(perSecondInterestRate.MulInt(scalingFactorInt).RoundInt().BigInt())
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// Convert seconds elapsed to uint (*not scaled*)
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secondsElapsedUint := sdkmath.NewUintFromBigInt(secondsElapsed.BigInt())
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// Calculate the interest factor as a uint scaled by 1e18
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interestFactorMantissa := sdkmath.RelativePow(interestMantissa, secondsElapsedUint, scalingFactorUint)
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// Convert interest factor to an unscaled sdk.Dec
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return sdk.NewDecFromBigInt(interestFactorMantissa.BigInt()).QuoInt(scalingFactorInt)
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}
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// SynchronizeInterest updates the input cdp object to reflect the current accumulated interest, updates the cdp state in the store,
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// and returns the updated cdp object
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func (k Keeper) SynchronizeInterest(ctx sdk.Context, cdp types.CDP) types.CDP {
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globalInterestFactor, found := k.GetInterestFactor(ctx, cdp.Type)
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if !found {
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k.SetInterestFactor(ctx, cdp.Type, sdk.OneDec())
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cdp.InterestFactor = sdk.OneDec()
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cdp.FeesUpdated = ctx.BlockTime()
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if err := k.SetCDP(ctx, cdp); err != nil {
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panic(err)
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}
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return cdp
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}
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accumulatedInterest := k.CalculateNewInterest(ctx, cdp)
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prevAccrualTime, found := k.GetPreviousAccrualTime(ctx, cdp.Type)
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if !found {
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return cdp
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}
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if accumulatedInterest.IsZero() {
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// accumulated interest is zero if apy is zero or are if the total fees for all cdps round to zero
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if cdp.FeesUpdated.Equal(prevAccrualTime) {
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// if all fees are rounding to zero, don't update FeesUpdated
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return cdp
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}
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// if apy is zero, we need to update FeesUpdated
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cdp.FeesUpdated = prevAccrualTime
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if err := k.SetCDP(ctx, cdp); err != nil {
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panic(err)
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}
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}
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cdp.AccumulatedFees = cdp.AccumulatedFees.Add(accumulatedInterest)
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cdp.FeesUpdated = prevAccrualTime
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cdp.InterestFactor = globalInterestFactor
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collateralToDebtRatio := k.CalculateCollateralToDebtRatio(ctx, cdp.Collateral, cdp.Type, cdp.GetTotalPrincipal())
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if err := k.UpdateCdpAndCollateralRatioIndex(ctx, cdp, collateralToDebtRatio); err != nil {
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panic(err)
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}
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return cdp
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}
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// CalculateNewInterest returns the amount of interest that has accrued to the cdp since its interest was last synchronized
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func (k Keeper) CalculateNewInterest(ctx sdk.Context, cdp types.CDP) sdk.Coin {
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globalInterestFactor, found := k.GetInterestFactor(ctx, cdp.Type)
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if !found {
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return sdk.NewCoin(cdp.AccumulatedFees.Denom, sdk.ZeroInt())
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}
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cdpInterestFactor := globalInterestFactor.Quo(cdp.InterestFactor)
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if cdpInterestFactor.Equal(sdk.OneDec()) {
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return sdk.NewCoin(cdp.AccumulatedFees.Denom, sdk.ZeroInt())
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}
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accumulatedInterest := sdk.NewDecFromInt(cdp.GetTotalPrincipal().Amount).Mul(cdpInterestFactor).RoundInt().Sub(cdp.GetTotalPrincipal().Amount)
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return sdk.NewCoin(cdp.AccumulatedFees.Denom, accumulatedInterest)
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}
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// SynchronizeInterestForRiskyCDPs synchronizes the interest for the slice of cdps with the lowest collateral:debt ratio
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func (k Keeper) SynchronizeInterestForRiskyCDPs(ctx sdk.Context, targetRatio sdk.Dec, cp types.CollateralParam) error {
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debtParam := k.GetParams(ctx).DebtParam
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cdpStore := prefix.NewStore(ctx.KVStore(k.key), types.CdpKeyPrefix)
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collateralRatioStore := prefix.NewStore(ctx.KVStore(k.key), types.CollateralRatioIndexPrefix)
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cdpIDs := make([]uint64, 0, cp.CheckCollateralizationIndexCount.Int64())
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iterator := collateralRatioStore.Iterator(types.CollateralRatioIterKey(cp.Type, sdk.ZeroDec()), types.CollateralRatioIterKey(cp.Type, targetRatio))
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for ; iterator.Valid(); iterator.Next() {
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_, id, _ := types.SplitCollateralRatioKey(iterator.Key())
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cdpIDs = append(cdpIDs, id)
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if int64(len(cdpIDs)) >= cp.CheckCollateralizationIndexCount.Int64() {
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break
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}
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}
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iterator.Close()
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globalInterestFactor, found := k.GetInterestFactor(ctx, cp.Type)
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if !found && len(cdpIDs) > 0 {
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panic(fmt.Sprintf("global interest factor not found for type %s", cp.Type))
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}
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prevAccrualTime, found := k.GetPreviousAccrualTime(ctx, cp.Type)
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if !found {
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panic(fmt.Sprintf("previous accrual time not found for type %s", cp.Type))
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}
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for _, cdpID := range cdpIDs {
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//
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// GET CDP
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//
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bz := cdpStore.Get(types.CdpKey(cp.Type, cdpID))
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if bz == nil {
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panic(fmt.Sprintf("cdp %d does not exist", cdpID))
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}
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var cdp types.CDP
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k.cdc.MustUnmarshal(bz, &cdp)
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if debtParam.Denom != cdp.GetTotalPrincipal().Denom {
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panic(fmt.Sprintf("unknown debt param %s", cdp.GetTotalPrincipal().Denom))
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}
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//
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// HOOK
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//
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k.hooks.BeforeCDPModified(ctx, cdp)
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//
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// CALC INTEREST
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//
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accumulatedInterest := sdk.ZeroInt()
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cdpInterestFactor := globalInterestFactor.Quo(cdp.InterestFactor)
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if !cdpInterestFactor.Equal(sdk.OneDec()) {
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accumulatedInterest = sdk.NewDecFromInt(cdp.GetTotalPrincipal().Amount).Mul(cdpInterestFactor).RoundInt().Sub(cdp.GetTotalPrincipal().Amount)
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}
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if accumulatedInterest.IsZero() {
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// accumulated interest is zero if apy is zero or are if the total fees for all cdps round to zero
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if cdp.FeesUpdated.Equal(prevAccrualTime) {
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// if all fees are rounding to zero, don't update FeesUpdated
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continue
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}
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// if apy is zero, we need to update FeesUpdated
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cdp.FeesUpdated = prevAccrualTime
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bz = k.cdc.MustMarshal(&cdp)
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cdpStore.Set(types.CdpKey(cdp.Type, cdp.ID), bz)
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}
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//
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// GET OLD RATIO
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//
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previousCollateralRatio := calculateCollateralRatio(debtParam, cp, cdp)
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//
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// UPDATE CDP
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//
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cdp.AccumulatedFees = cdp.AccumulatedFees.Add(sdk.NewCoin(cdp.AccumulatedFees.Denom, accumulatedInterest))
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cdp.FeesUpdated = prevAccrualTime
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cdp.InterestFactor = globalInterestFactor
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//
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// CALC NEW RATIO
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//
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updatedCollateralRatio := calculateCollateralRatio(debtParam, cp, cdp)
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//
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// UPDATE STORE
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//
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collateralRatioStore.Delete(types.CollateralRatioKey(cdp.Type, cdp.ID, previousCollateralRatio))
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bz = k.cdc.MustMarshal(&cdp)
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cdpStore.Set(types.CdpKey(cdp.Type, cdp.ID), bz)
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collateralRatioStore.Set(types.CollateralRatioKey(cdp.Type, cdp.ID, updatedCollateralRatio), types.GetCdpIDBytes(cdp.ID))
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}
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return nil
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}
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func calculateCollateralRatio(debtParam types.DebtParam, collateralParam types.CollateralParam, cdp types.CDP) sdk.Dec {
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debtTotal := sdk.NewDecFromInt(cdp.GetTotalPrincipal().Amount).Mul(sdk.NewDecFromIntWithPrec(sdk.OneInt(), debtParam.ConversionFactor.Int64()))
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if debtTotal.IsZero() || debtTotal.GTE(types.MaxSortableDec) {
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return types.MaxSortableDec.Sub(sdk.SmallestDec())
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} else {
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collateralBaseUnits := sdk.NewDecFromInt(cdp.Collateral.Amount).Mul(sdk.NewDecFromIntWithPrec(sdk.OneInt(), collateralParam.ConversionFactor.Int64()))
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return collateralBaseUnits.Quo(debtTotal)
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}
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}
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