import { TestEnv, makeSuite } from './helpers/make-suite'; import { APPROVAL_AMOUNT_LENDING_POOL, MAX_UINT_AMOUNT, RAY, MAX_EXPOSURE_CAP, MOCK_CHAINLINK_AGGREGATORS_PRICES, } from '../../helpers/constants'; import { ProtocolErrors } from '../../helpers/types'; import { MintableERC20, WETH9, WETH9Mocked } from '../../types'; import { parseEther } from '@ethersproject/units'; import { BigNumber } from '@ethersproject/bignumber'; import { strategyDAI } from '../../markets/amm/reservesConfigs'; import { strategyUSDC } from '../../markets/amm/reservesConfigs'; import { ethers } from 'ethers'; const { expect } = require('chai'); makeSuite('Exposure Cap', (testEnv: TestEnv) => { const { VL_COLLATERAL_EXPOSURE_CAP_EXCEEDED, RC_INVALID_EXPOSURE_CAP, VL_COLLATERAL_CANNOT_COVER_NEW_BORROW, } = ProtocolErrors; const daiPrice = Number(MOCK_CHAINLINK_AGGREGATORS_PRICES.DAI); const usdcPrice = Number(MOCK_CHAINLINK_AGGREGATORS_PRICES.USDC); const daiLTV = Number(strategyDAI.baseLTVAsCollateral); const usdcLTV = Number(strategyUSDC.baseLTVAsCollateral); const unitParse = async (token: WETH9Mocked | MintableERC20, nb: string) => BigNumber.from(nb).mul(BigNumber.from('10').pow((await token.decimals()) - 3)); it('Reserves should initially have exposure cap disabled (exposureCap = 0)', async () => { const { weth, pool, dai, usdc, deployer, helpersContract, users: [user1], } = testEnv; const mintedAmount = parseEther('1000000000'); // minting for main user await dai.mint(mintedAmount); await weth.mint(mintedAmount); await usdc.mint(mintedAmount); // minting for lp user await dai.connect(user1.signer).mint(mintedAmount); await weth.connect(user1.signer).mint(mintedAmount); await usdc.connect(user1.signer).mint(mintedAmount); await dai.approve(pool.address, MAX_UINT_AMOUNT); await weth.approve(pool.address, MAX_UINT_AMOUNT); await usdc.approve(pool.address, MAX_UINT_AMOUNT); await dai.connect(user1.signer).approve(pool.address, MAX_UINT_AMOUNT); await weth.connect(user1.signer).approve(pool.address, MAX_UINT_AMOUNT); await usdc.connect(user1.signer).approve(pool.address, MAX_UINT_AMOUNT); await pool.deposit(weth.address, mintedAmount, deployer.address, 0); let usdcExposureCap = (await helpersContract.getReserveCaps(usdc.address)).exposureCap; let daiExposureCap = (await helpersContract.getReserveCaps(dai.address)).exposureCap; expect(usdcExposureCap).to.be.equal('0'); expect(daiExposureCap).to.be.equal('0'); }); it('Deposit 10 Dai, 10 USDC, LTV for both should increase', async () => { const { pool, dai, usdc, users: [user1], } = testEnv; const suppliedAmount = 10; const precisionSuppliedAmount = (suppliedAmount * 1000).toString(); // user 1 deposit more dai and usdc to be able to borrow let { ltv } = await pool.getUserAccountData(user1.address); expect(ltv.toString()).to.be.equal('0'); await pool .connect(user1.signer) .deposit(dai.address, await unitParse(dai, precisionSuppliedAmount), user1.address, 0); ltv = (await pool.getUserAccountData(user1.address)).ltv; expect(ltv).to.be.equal(daiLTV); await pool .connect(user1.signer) .deposit(usdc.address, await unitParse(usdc, precisionSuppliedAmount), user1.address, 0); ltv = (await pool.getUserAccountData(user1.address)).ltv; expect(Number(ltv)).to.be.equal( Math.floor((daiLTV * daiPrice + usdcLTV * usdcPrice) / (daiPrice + usdcPrice)) ); }); it('Sets the exposure cap for DAI to 10 Units', async () => { const { configurator, dai, helpersContract, users: [], } = testEnv; const newExposureCap = 10; await configurator.setExposureCap(dai.address, newExposureCap); const daiExposureCap = (await helpersContract.getReserveCaps(dai.address)).exposureCap; expect(daiExposureCap).to.be.equal(newExposureCap); }); it('should succeed to deposit 10 dai but dai ltv drops to 0', async () => { const { pool, dai, users: [user1], } = testEnv; const suppliedAmount = 10; const precisionSuppliedAmount = (suppliedAmount * 1000).toString(); await pool .connect(user1.signer) .deposit(dai.address, await unitParse(dai, precisionSuppliedAmount), user1.address, 0); let ltv = (await pool.getUserAccountData(user1.address)).ltv; expect(ltv).to.be.equal(Math.floor((usdcLTV * usdcPrice) / (usdcPrice + 2 * daiPrice))); }); it('should succeed to deposit 1 dai but avg ltv decreases', async () => { const { pool, dai, users: [user1], } = testEnv; const suppliedAmount = 1; const precisionSuppliedAmount = (suppliedAmount * 1000).toString(); let ltv = (await pool.getUserAccountData(user1.address)).ltv; await pool .connect(user1.signer) .deposit(dai.address, await unitParse(dai, precisionSuppliedAmount), user1.address, 0); expect(ltv.toNumber()).to.be.gt((await pool.getUserAccountData(user1.address)).ltv.toNumber()); }); it('should succeed to deposit 1 usdc and ltv should increase', async () => { const { usdc, pool, users: [user1], } = testEnv; const suppliedAmount = 1; const precisionSuppliedAmount = (suppliedAmount * 1000).toString(); let ltv = (await pool.getUserAccountData(user1.address)).ltv; await pool .connect(user1.signer) .deposit(usdc.address, await unitParse(usdc, precisionSuppliedAmount), user1.address, 0); expect(ltv.toNumber()).to.be.lt((await pool.getUserAccountData(user1.address)).ltv.toNumber()); }); it('Should not be able to borrow 15 USD of weth', async () => { const { pool, weth, users: [user1], } = testEnv; const precisionBorrowedUsdAmount = 15 * 1000; const precisionBorrowedEthAmount = ethers.BigNumber.from(precisionBorrowedUsdAmount) .mul(daiPrice) .div(parseEther('1.0')) .toString(); const borrowedAmount = await unitParse(weth, precisionBorrowedEthAmount); await expect( pool.connect(user1.signer).borrow(weth.address, borrowedAmount, 1, 0, user1.address) ).to.be.revertedWith(VL_COLLATERAL_CANNOT_COVER_NEW_BORROW); }); it('should be able to borrow 15 USD of weth after dai exposure cap raised to 100', async () => { const { pool, dai, weth, configurator, helpersContract, users: [user1], } = testEnv; const newExposureCap = 100; await configurator.setExposureCap(dai.address, newExposureCap); const daiExposureCap = (await helpersContract.getReserveCaps(dai.address)).exposureCap; expect(daiExposureCap).to.be.equal(newExposureCap); const precisionBorrowedUsdAmount = 15 * 1000; const precisionBorrowedEthAmount = ethers.BigNumber.from(precisionBorrowedUsdAmount) .mul(daiPrice) .div(parseEther('1.0')) .toString(); const borrowedAmount = await unitParse(weth, precisionBorrowedEthAmount); pool.connect(user1.signer).borrow(weth.address, borrowedAmount, 1, 0, user1.address); }); it('should not be able to withdraw 5 dai, transfer 5 aDai after cap decrease of usdc back to 10 (capped)', async () => { const { pool, dai, usdc, aDai, configurator, helpersContract, users: [user1, , , receiver], } = testEnv; const newExposureCap = 10; await configurator.setExposureCap(usdc.address, newExposureCap); const usdcExposureCap = (await helpersContract.getReserveCaps(usdc.address)).exposureCap; expect(usdcExposureCap).to.be.equal(newExposureCap); const precisionWithdrawnAmount = (5 * 1000).toString(); const withdrawnAmount = await unitParse(dai, precisionWithdrawnAmount); await expect( pool.connect(user1.signer).withdraw(dai.address, withdrawnAmount, user1.address) ).to.be.revertedWith(VL_COLLATERAL_EXPOSURE_CAP_EXCEEDED); await expect( aDai.connect(user1.signer).transfer(receiver.address, withdrawnAmount) ).to.be.revertedWith(VL_COLLATERAL_EXPOSURE_CAP_EXCEEDED); }); it('should be able to withdraw 5 usdc and transfer 5 aUsdc', async () => { const { usdc, pool, aUsdc, users: [user1, , , receiver], } = testEnv; const precisionWithdrawnAmount = (5 * 1000).toString(); const withdrawnAmount = await unitParse(usdc, precisionWithdrawnAmount); await pool.connect(user1.signer).withdraw(usdc.address, withdrawnAmount, user1.address); await aUsdc.connect(user1.signer).transfer(receiver.address, withdrawnAmount); }); it('should be able to withdraw 5 dai, transfer 5 aDai after repaying weth Debt', async () => { const { pool, dai, weth, aDai, users: [user1, , , receiver], } = testEnv; const precisionWithdrawnAmount = (5 * 1000).toString(); const withdrawnAmount = await unitParse(dai, precisionWithdrawnAmount); await ( await pool.connect(user1.signer).repay(weth.address, MAX_UINT_AMOUNT, 1, user1.address) ).wait(); pool.connect(user1.signer).withdraw(dai.address, withdrawnAmount, user1.address); aDai.connect(user1.signer).transfer(receiver.address, withdrawnAmount); }); it('Should fail to set the exposure cap for usdc and DAI to max cap + 1 Units', async () => { const { configurator, usdc, dai } = testEnv; const newCap = Number(MAX_EXPOSURE_CAP) + 1; await expect(configurator.setExposureCap(usdc.address, newCap)).to.be.revertedWith( RC_INVALID_EXPOSURE_CAP ); await expect(configurator.setExposureCap(dai.address, newCap)).to.be.revertedWith( RC_INVALID_EXPOSURE_CAP ); }); });