// SPDX-License-Identifier: agpl-3.0 pragma solidity ^0.6.8; import {SafeMath} from '@openzeppelin/contracts/math/SafeMath.sol'; import {IERC20} from '@openzeppelin/contracts/token/ERC20/IERC20.sol'; import {MathUtils} from '../math/MathUtils.sol'; import {IPriceOracleGetter} from '../../interfaces/IPriceOracleGetter.sol'; import {SafeERC20} from '@openzeppelin/contracts/token/ERC20/SafeERC20.sol'; import {IStableDebtToken} from '../../tokenization/interfaces/IStableDebtToken.sol'; import {ReserveConfiguration} from '../configuration/ReserveConfiguration.sol'; import {IReserveInterestRateStrategy} from '../../interfaces/IReserveInterestRateStrategy.sol'; import {WadRayMath} from '../math/WadRayMath.sol'; import {Errors} from '../helpers/Errors.sol'; /** * @title ReserveLogic library * @author Aave * @notice Implements the logic to update the state of the reserves */ library ReserveLogic { using SafeMath for uint256; using WadRayMath for uint256; using SafeERC20 for IERC20; /** * @dev Emitted when the state of a reserve is updated * @param reserve the address of the reserve * @param liquidityRate the new liquidity rate * @param stableBorrowRate the new stable borrow rate * @param averageStableBorrowRate the new average stable borrow rate * @param variableBorrowRate the new variable borrow rate * @param liquidityIndex the new liquidity index * @param variableBorrowIndex the new variable borrow index **/ event ReserveDataUpdated( address indexed reserve, uint256 liquidityRate, uint256 stableBorrowRate, uint256 averageStableBorrowRate, uint256 variableBorrowRate, uint256 liquidityIndex, uint256 variableBorrowIndex ); using ReserveLogic for ReserveLogic.ReserveData; using ReserveConfiguration for ReserveConfiguration.Map; enum InterestRateMode {NONE, STABLE, VARIABLE} // refer to the whitepaper, section 1.1 basic concepts for a formal description of these properties. struct ReserveData { //stores the reserve configuration ReserveConfiguration.Map configuration; address aTokenAddress; address stableDebtTokenAddress; address variableDebtTokenAddress; address interestRateStrategyAddress; //the liquidity index. Expressed in ray uint128 lastLiquidityIndex; //the current supply rate. Expressed in ray uint128 currentLiquidityRate; //the current variable borrow rate. Expressed in ray uint128 currentVariableBorrowRate; //the current stable borrow rate. Expressed in ray uint128 currentStableBorrowRate; //variable borrow index. Expressed in ray uint128 lastVariableBorrowIndex; uint40 lastUpdateTimestamp; //the index of the reserve in the list of the active reserves uint8 index; } /** * @dev returns the ongoing normalized income for the reserve. * a value of 1e27 means there is no income. As time passes, the income is accrued. * A value of 2*1e27 means for each unit of assset two units of income have been accrued. * @param reserve the reserve object * @return the normalized income. expressed in ray **/ function getNormalizedIncome(ReserveData storage reserve) internal view returns (uint256) { uint40 timestamp = reserve.lastUpdateTimestamp; //solium-disable-next-line if (timestamp == uint40(block.timestamp)) { //if the index was updated in the same block, no need to perform any calculation return reserve.lastLiquidityIndex; } uint256 cumulated = MathUtils .calculateLinearInterest(reserve.currentLiquidityRate, timestamp) .rayMul(reserve.lastLiquidityIndex); return cumulated; } /** * @dev returns the ongoing normalized variable debt for the reserve. * a value of 1e27 means there is no debt. As time passes, the income is accrued. * A value of 2*1e27 means that the debt of the reserve is double the initial amount. * @param reserve the reserve object * @return the normalized variable debt. expressed in ray **/ function getNormalizedDebt(ReserveData storage reserve) internal view returns (uint256) { uint40 timestamp = reserve.lastUpdateTimestamp; //solium-disable-next-line if (timestamp == uint40(block.timestamp)) { //if the index was updated in the same block, no need to perform any calculation return reserve.lastVariableBorrowIndex; } uint256 cumulated = MathUtils .calculateCompoundedInterest(reserve.currentVariableBorrowRate, timestamp) .rayMul(reserve.lastVariableBorrowIndex); return cumulated; } /** * @dev Updates the liquidity cumulative index Ci and variable borrow cumulative index Bvc. Refer to the whitepaper for * a formal specification. * @param reserve the reserve object **/ function updateCumulativeIndexesAndTimestamp(ReserveData storage reserve) internal { uint256 currentLiquidityRate = reserve.currentLiquidityRate; //only cumulating if there is any income being produced if (currentLiquidityRate > 0) { uint40 lastUpdateTimestamp = reserve.lastUpdateTimestamp; uint256 cumulatedLiquidityInterest = MathUtils.calculateLinearInterest( currentLiquidityRate, lastUpdateTimestamp ); uint256 index = cumulatedLiquidityInterest.rayMul(reserve.lastLiquidityIndex); require(index < (1 << 128), Errors.LIQUIDITY_INDEX_OVERFLOW); reserve.lastLiquidityIndex = uint128(index); //as the liquidity rate might come only from stable rate loans, we need to ensure //that there is actual variable debt before accumulating if (IERC20(reserve.variableDebtTokenAddress).totalSupply() > 0) { uint256 cumulatedVariableBorrowInterest = MathUtils.calculateCompoundedInterest( reserve.currentVariableBorrowRate, lastUpdateTimestamp ); index = cumulatedVariableBorrowInterest.rayMul(reserve.lastVariableBorrowIndex); require(index < (1 << 128), Errors.VARIABLE_BORROW_INDEX_OVERFLOW); reserve.lastVariableBorrowIndex = uint128(index); } } //solium-disable-next-line reserve.lastUpdateTimestamp = uint40(block.timestamp); } /** * @dev accumulates a predefined amount of asset to the reserve as a fixed, one time income. Used for example to accumulate * the flashloan fee to the reserve, and spread it through the depositors. * @param reserve the reserve object * @param totalLiquidity the total liquidity available in the reserve * @param amount the amount to accomulate **/ function cumulateToLiquidityIndex( ReserveData storage reserve, uint256 totalLiquidity, uint256 amount ) internal { uint256 amountToLiquidityRatio = amount.wadToRay().rayDiv(totalLiquidity.wadToRay()); uint256 result = amountToLiquidityRatio.add(WadRayMath.ray()); result = result.rayMul(reserve.lastLiquidityIndex); require(result < (1 << 128), Errors.LIQUIDITY_INDEX_OVERFLOW); reserve.lastLiquidityIndex = uint128(result); } /** * @dev initializes a reserve * @param reserve the reserve object * @param aTokenAddress the address of the overlying atoken contract * @param interestRateStrategyAddress the address of the interest rate strategy contract **/ function init( ReserveData storage reserve, address aTokenAddress, address stableDebtTokenAddress, address variableDebtTokenAddress, address interestRateStrategyAddress ) external { require(reserve.aTokenAddress == address(0), Errors.RESERVE_ALREADY_INITIALIZED); if (reserve.lastLiquidityIndex == 0) { //if the reserve has not been initialized yet reserve.lastLiquidityIndex = uint128(WadRayMath.ray()); } if (reserve.lastVariableBorrowIndex == 0) { reserve.lastVariableBorrowIndex = uint128(WadRayMath.ray()); } reserve.aTokenAddress = aTokenAddress; reserve.stableDebtTokenAddress = stableDebtTokenAddress; reserve.variableDebtTokenAddress = variableDebtTokenAddress; reserve.interestRateStrategyAddress = interestRateStrategyAddress; } struct UpdateInterestRatesLocalVars { uint256 currentAvgStableRate; uint256 availableLiquidity; address stableDebtTokenAddress; uint256 newLiquidityRate; uint256 newStableRate; uint256 newVariableRate; } /** * @dev Updates the reserve current stable borrow rate Rf, the current variable borrow rate Rv and the current liquidity rate Rl. * Also updates the lastUpdateTimestamp value. Please refer to the whitepaper for further information. * @param reserve the address of the reserve to be updated * @param liquidityAdded the amount of liquidity added to the protocol (deposit or repay) in the previous action * @param liquidityTaken the amount of liquidity taken from the protocol (redeem or borrow) **/ function updateInterestRates( ReserveData storage reserve, address reserveAddress, address aTokenAddress, uint256 liquidityAdded, uint256 liquidityTaken ) internal { UpdateInterestRatesLocalVars memory vars; vars.stableDebtTokenAddress = reserve.stableDebtTokenAddress; vars.currentAvgStableRate = IStableDebtToken(vars.stableDebtTokenAddress) .getAverageStableRate(); vars.availableLiquidity = IERC20(reserveAddress).balanceOf(aTokenAddress); ( vars.newLiquidityRate, vars.newStableRate, vars.newVariableRate ) = IReserveInterestRateStrategy(reserve.interestRateStrategyAddress).calculateInterestRates( reserveAddress, vars.availableLiquidity.add(liquidityAdded).sub(liquidityTaken), IERC20(vars.stableDebtTokenAddress).totalSupply(), IERC20(reserve.variableDebtTokenAddress).totalSupply(), vars.currentAvgStableRate ); require(vars.newLiquidityRate < (1 << 128), 'ReserveLogic: Liquidity rate overflow'); require(vars.newStableRate < (1 << 128), 'ReserveLogic: Stable borrow rate overflow'); require(vars.newVariableRate < (1 << 128), 'ReserveLogic: Variable borrow rate overflow'); reserve.currentLiquidityRate = uint128(vars.newLiquidityRate); reserve.currentStableBorrowRate = uint128(vars.newStableRate); reserve.currentVariableBorrowRate = uint128(vars.newVariableRate); emit ReserveDataUpdated( reserveAddress, vars.newLiquidityRate, vars.newStableRate, vars.currentAvgStableRate, vars.newVariableRate, reserve.lastLiquidityIndex, reserve.lastVariableBorrowIndex ); } }