import BigNumber from 'bignumber.js'; import {BRE} from '../helpers/misc-utils'; import {APPROVAL_AMOUNT_LENDING_POOL, MOCK_ETH_ADDRESS, oneEther} from '../helpers/constants'; import {convertToCurrencyDecimals} from '../helpers/contracts-helpers'; import {makeSuite} from './helpers/make-suite'; import {ProtocolErrors, RateMode} from '../helpers/types'; const {expect} = require('chai'); makeSuite('LendingPool liquidation - liquidator receiving aToken', (testEnv) => { const { HF_IS_NOT_BELLOW_THRESHOLD, INVALID_HF, USER_DID_NOT_BORROW_SPECIFIED, INVALID_COLLATERAL_TO_LIQUIDATE, } = ProtocolErrors; it('LIQUIDATION - Deposits ETH, borrows DAI/Check liquidation fails because health factor is above 1', async () => { const {dai, users, pool, oracle} = testEnv; const depositor = users[0]; const borrower = users[1]; //mints DAI to depositor await dai.connect(depositor.signer).mint(await convertToCurrencyDecimals(dai.address, '1000')); //approve protocol to access depositor wallet await dai.connect(depositor.signer).approve(pool.address, APPROVAL_AMOUNT_LENDING_POOL); //user 1 deposits 1000 DAI const amountDAItoDeposit = await convertToCurrencyDecimals(dai.address, '1000'); await pool.connect(depositor.signer).deposit(dai.address, amountDAItoDeposit, '0'); //user 2 deposits 1 ETH const amountETHtoDeposit = await convertToCurrencyDecimals(MOCK_ETH_ADDRESS, '1'); await pool .connect(borrower.signer) .deposit(MOCK_ETH_ADDRESS, amountETHtoDeposit, '0', {value: amountETHtoDeposit}); await pool.connect(borrower.signer).deposit(MOCK_ETH_ADDRESS, amountETHtoDeposit, '0', { value: amountETHtoDeposit, }); //user 2 borrows const userGlobalData = await pool.getUserAccountData(borrower.address); const daiPrice = await oracle.getAssetPrice(dai.address); const amountDAIToBorrow = await convertToCurrencyDecimals( dai.address, new BigNumber(userGlobalData.availableBorrowsETH.toString()) .div(daiPrice.toString()) .multipliedBy(0.95) .toFixed(0) ); await pool .connect(borrower.signer) .borrow(dai.address, amountDAIToBorrow, RateMode.Variable, '0'); const userGlobalDataAfter = await pool.getUserAccountData(borrower.address); console.log('userGlobalDataAfter.healthFactor', userGlobalDataAfter.healthFactor.toString()); expect(userGlobalDataAfter.currentLiquidationThreshold).to.be.bignumber.equal( '80', 'Invalid liquidation threshold' ); //someone tries to liquidate user 2 await expect( pool.liquidationCall(MOCK_ETH_ADDRESS, dai.address, borrower.address, 1, true) ).to.be.revertedWith(HF_IS_NOT_BELLOW_THRESHOLD); }); it('LIQUIDATION - Drop the health factor below 1', async () => { const {dai, users, pool, oracle} = testEnv; const borrower = users[1]; const daiPrice = await oracle.getAssetPrice(dai.address); //halving the price of ETH - means doubling the DAIETH exchange rate console.log('DAI price before', daiPrice.toString()); await oracle.setAssetPrice( dai.address, new BigNumber(daiPrice.toString()).multipliedBy(1.15).toFixed(0) ); console.log('DAI price after', (await oracle.getAssetPrice(dai.address)).toString()); const userGlobalData = await pool.getUserAccountData(borrower.address); expect(userGlobalData.healthFactor).to.be.bignumber.lt(oneEther.toFixed(0), INVALID_HF); }); it('LIQUIDATION - Tries to liquidate a different currency than the loan principal', async () => { const {pool, users} = testEnv; const borrower = users[1]; //user 2 tries to borrow await expect( pool.liquidationCall( MOCK_ETH_ADDRESS, MOCK_ETH_ADDRESS, borrower.address, oneEther.toString(), true ) ).revertedWith(USER_DID_NOT_BORROW_SPECIFIED); }); it( 'LIQUIDATION - Tries to liquidate a different ' + 'collateral than the borrower collateral', async () => { const {pool, dai, users} = testEnv; const borrower = users[1]; await expect( pool.liquidationCall(dai.address, dai.address, borrower.address, oneEther.toString(), true) ).revertedWith(INVALID_COLLATERAL_TO_LIQUIDATE); } ); it('LIQUIDATION - Liquidates the borrow', async () => { const {pool, dai, users, addressesProvider, oracle} = testEnv; const borrower = users[1]; //mints dai to the caller await dai.mint(await convertToCurrencyDecimals(dai.address, '1000')); //approve protocol to access depositor wallet await dai.approve(pool.address, APPROVAL_AMOUNT_LENDING_POOL); const userReserveDataBefore = await pool.getUserReserveData(dai.address, borrower.address); const daiReserveDataBefore = await pool.getReserveData(dai.address); const ethReserveDataBefore = await pool.getReserveData(MOCK_ETH_ADDRESS); const amountToLiquidate = new BigNumber(userReserveDataBefore.currentBorrowBalance.toString()) .div(2) .toFixed(0); await pool.liquidationCall( MOCK_ETH_ADDRESS, dai.address, borrower.address, amountToLiquidate, true ); const userReserveDataAfter = await pool.getUserReserveData(dai.address, borrower.address); const userGlobalDataAfter = await pool.getUserAccountData(borrower.address); const daiReserveDataAfter = await pool.getReserveData(dai.address); const ethReserveDataAfter = await pool.getReserveData(MOCK_ETH_ADDRESS); const feeAddress = await addressesProvider.getTokenDistributor(); const feeAddressBalance = await BRE.ethers.provider.getBalance(feeAddress); const collateralPrice = (await oracle.getAssetPrice(MOCK_ETH_ADDRESS)).toString(); const principalPrice = (await oracle.getAssetPrice(dai.address)).toString(); const collateralDecimals = (await pool.getReserveDecimals(MOCK_ETH_ADDRESS)).toString(); const principalDecimals = (await pool.getReserveDecimals(dai.address)).toString(); const expectedCollateralLiquidated = new BigNumber(principalPrice) .times(new BigNumber(amountToLiquidate).times(105)) .times(new BigNumber(10).pow(collateralDecimals)) .div(new BigNumber(collateralPrice).times(new BigNumber(10).pow(principalDecimals))) .decimalPlaces(0, BigNumber.ROUND_DOWN); const expectedFeeLiquidated = new BigNumber(principalPrice) .times(new BigNumber(userReserveDataBefore.originationFee.toString()).times(105)) .times(new BigNumber(10).pow(collateralDecimals)) .div(new BigNumber(collateralPrice).times(new BigNumber(10).pow(principalDecimals))) .div(100) .decimalPlaces(0, BigNumber.ROUND_DOWN); expect(userGlobalDataAfter.healthFactor).to.be.bignumber.gt( oneEther.toFixed(0), 'Invalid health factor' ); expect(userReserveDataAfter.originationFee).to.be.bignumber.eq( '0', 'Origination fee should be repaid' ); expect(feeAddressBalance).to.be.bignumber.gt('0'); expect(userReserveDataAfter.principalBorrowBalance).to.be.bignumber.almostEqual( new BigNumber(userReserveDataBefore.currentBorrowBalance.toString()) .minus(amountToLiquidate) .toFixed(0), 'Invalid user borrow balance after liquidation' ); expect(daiReserveDataAfter.availableLiquidity).to.be.bignumber.almostEqual( new BigNumber(daiReserveDataBefore.availableLiquidity.toString()) .plus(amountToLiquidate) .toFixed(0), 'Invalid principal available liquidity' ); expect(ethReserveDataAfter.availableLiquidity).to.be.bignumber.almostEqual( new BigNumber(ethReserveDataBefore.availableLiquidity.toString()) .minus(expectedFeeLiquidated) .toFixed(0), 'Invalid collateral available liquidity' ); }); it( 'User 3 deposits 1000 USDC, user 4 1 ETH,' + ' user 4 borrows - drops HF, liquidates the borrow', async () => { const {users, pool, usdc, oracle, addressesProvider} = testEnv; const depositor = users[3]; const borrower = users[4]; //mints USDC to depositor await usdc .connect(depositor.signer) .mint(await convertToCurrencyDecimals(usdc.address, '1000')); //approve protocol to access depositor wallet await usdc.connect(depositor.signer).approve(pool.address, APPROVAL_AMOUNT_LENDING_POOL); //user 3 deposits 1000 USDC const amountUSDCtoDeposit = await convertToCurrencyDecimals(usdc.address, '1000'); await pool.connect(depositor.signer).deposit(usdc.address, amountUSDCtoDeposit, '0'); //user 4 deposits 1 ETH const amountETHtoDeposit = await convertToCurrencyDecimals(MOCK_ETH_ADDRESS, '1'); await pool.connect(borrower.signer).deposit(MOCK_ETH_ADDRESS, amountETHtoDeposit, '0', { value: amountETHtoDeposit, }); //user 4 borrows const userGlobalData = await pool.getUserAccountData(borrower.address); const usdcPrice = await oracle.getAssetPrice(usdc.address); const amountUSDCToBorrow = await convertToCurrencyDecimals( usdc.address, new BigNumber(userGlobalData.availableBorrowsETH.toString()) .div(usdcPrice.toString()) .multipliedBy(0.95) .toFixed(0) ); await pool .connect(borrower.signer) .borrow(usdc.address, amountUSDCToBorrow, RateMode.Stable, '0'); //drops HF below 1 await oracle.setAssetPrice( usdc.address, new BigNumber(usdcPrice.toString()).multipliedBy(1.2).toFixed(0) ); //mints dai to the liquidator await usdc.mint(await convertToCurrencyDecimals(usdc.address, '1000')); //approve protocol to access depositor wallet await usdc.approve(pool.address, APPROVAL_AMOUNT_LENDING_POOL); const userReserveDataBefore = await pool.getUserReserveData(usdc.address, borrower.address); const usdcReserveDataBefore = await pool.getReserveData(usdc.address); const ethReserveDataBefore = await pool.getReserveData(MOCK_ETH_ADDRESS); const amountToLiquidate = new BigNumber(userReserveDataBefore.currentBorrowBalance.toString()) .div(2) .toFixed(0); await pool.liquidationCall( MOCK_ETH_ADDRESS, usdc.address, borrower.address, amountToLiquidate, true ); const userReserveDataAfter = await pool.getUserReserveData(usdc.address, borrower.address); const userGlobalDataAfter = await pool.getUserAccountData(borrower.address); const usdcReserveDataAfter = await pool.getReserveData(usdc.address); const ethReserveDataAfter = await pool.getReserveData(MOCK_ETH_ADDRESS); const feeAddress = await addressesProvider.getTokenDistributor(); const feeAddressBalance = await BRE.ethers.provider.getBalance(feeAddress); const collateralPrice = (await oracle.getAssetPrice(MOCK_ETH_ADDRESS)).toString(); const principalPrice = (await oracle.getAssetPrice(usdc.address)).toString(); const collateralDecimals = (await pool.getReserveDecimals(MOCK_ETH_ADDRESS)).toString(); const principalDecimals = (await pool.getReserveDecimals(usdc.address)).toString(); const expectedCollateralLiquidated = new BigNumber(principalPrice) .times(new BigNumber(amountToLiquidate).times(105)) .times(new BigNumber(10).pow(collateralDecimals)) .div(new BigNumber(collateralPrice).times(new BigNumber(10).pow(principalDecimals))) .decimalPlaces(0, BigNumber.ROUND_DOWN); const expectedFeeLiquidated = new BigNumber(principalPrice) .times(new BigNumber(userReserveDataBefore.originationFee.toString()).times(105)) .times(new BigNumber(10).pow(collateralDecimals)) .div(new BigNumber(collateralPrice).times(new BigNumber(10).pow(principalDecimals))) .div(100) .decimalPlaces(0, BigNumber.ROUND_DOWN); expect(userGlobalDataAfter.healthFactor).to.be.bignumber.gt( oneEther.toFixed(0), 'Invalid health factor' ); expect(userReserveDataAfter.originationFee).to.be.bignumber.eq( '0', 'Origination fee should be repaid' ); expect(feeAddressBalance).to.be.bignumber.gt('0'); expect(userReserveDataAfter.principalBorrowBalance).to.be.bignumber.almostEqual( new BigNumber(userReserveDataBefore.currentBorrowBalance.toString()) .minus(amountToLiquidate) .toFixed(0), 'Invalid user borrow balance after liquidation' ); expect(usdcReserveDataAfter.availableLiquidity).to.be.bignumber.almostEqual( new BigNumber(usdcReserveDataBefore.availableLiquidity.toString()) .plus(amountToLiquidate) .toFixed(0), 'Invalid principal available liquidity' ); expect(ethReserveDataAfter.availableLiquidity).to.be.bignumber.almostEqual( new BigNumber(ethReserveDataBefore.availableLiquidity.toString()) .minus(expectedFeeLiquidated) .toFixed(0), 'Invalid collateral available liquidity' ); } ); });