// SPDX-License-Identifier: agpl-3.0 pragma solidity 0.6.12; import {SafeMath} from '../../dependencies/openzeppelin/contracts//SafeMath.sol'; import {IERC20} from '../../dependencies/openzeppelin/contracts//IERC20.sol'; import {VersionedInitializable} from '../libraries/aave-upgradeability/VersionedInitializable.sol'; import {IAToken} from '../tokenization/interfaces/IAToken.sol'; import {IStableDebtToken} from '../tokenization/interfaces/IStableDebtToken.sol'; import {IVariableDebtToken} from '../tokenization/interfaces/IVariableDebtToken.sol'; import {IPriceOracleGetter} from '../../interfaces/IPriceOracleGetter.sol'; import {ILendingPoolCollateralManager} from '../../interfaces/ILendingPoolCollateralManager.sol'; import {GenericLogic} from '../libraries/logic/GenericLogic.sol'; import {Helpers} from '../libraries/helpers/Helpers.sol'; import {WadRayMath} from '../libraries/math/WadRayMath.sol'; import {PercentageMath} from '../libraries/math/PercentageMath.sol'; import {SafeERC20} from '../../dependencies/openzeppelin/contracts/SafeERC20.sol'; import {Errors} from '../libraries/helpers/Errors.sol'; import {ValidationLogic} from '../libraries/logic/ValidationLogic.sol'; import {LendingPoolStorage} from './LendingPoolStorage.sol'; import {DataTypes} from '../libraries/types/DataTypes.sol'; /** * @title LendingPoolCollateralManager contract * @author Aave * @dev Implements actions involving management of collateral in the protocol, the main one being the liquidations * IMPORTANT This contract will run always via DELEGATECALL, through the LendingPool, so the chain of inheritance * is the same as the LendingPool, to have compatible storage layouts **/ contract LendingPoolCollateralManager is ILendingPoolCollateralManager, VersionedInitializable, LendingPoolStorage { using SafeERC20 for IERC20; using SafeMath for uint256; using WadRayMath for uint256; using PercentageMath for uint256; uint256 internal constant LIQUIDATION_CLOSE_FACTOR_PERCENT = 5000; struct LiquidationCallLocalVars { uint256 userCollateralBalance; uint256 userStableDebt; uint256 userVariableDebt; uint256 maxLiquidatableDebt; uint256 actualDebtToLiquidate; uint256 liquidationRatio; uint256 maxAmountCollateralToLiquidate; uint256 userStableRate; uint256 maxCollateralToLiquidate; uint256 debtAmountNeeded; uint256 healthFactor; IAToken collateralAtoken; bool isCollateralEnabled; DataTypes.InterestRateMode borrowRateMode; uint256 errorCode; string errorMsg; } /** * @dev As thIS contract extends the VersionedInitializable contract to match the state * of the LendingPool contract, the getRevision() function is needed, but the value is not * important, as the initialize() function will never be called here */ function getRevision() internal pure override returns (uint256) { return 0; } /** * @dev Function to liquidate a position if its Health Factor drops below 1 * - The caller (liquidator) covers `debtToCover` amount of debt of the user getting liquidated, and receives * a proportionally amount of the `collateralAsset` plus a bonus to cover market risk * @param collateralAsset The address of the underlying asset used as collateral, to receive as result of the liquidation * @param debtAsset The address of the underlying borrowed asset to be repaid with the liquidation * @param user The address of the borrower getting liquidated * @param debtToCover The debt amount of borrowed `asset` the liquidator wants to cover * @param receiveAToken `true` if the liquidators wants to receive the collateral aTokens, `false` if he wants * to receive the underlying collateral asset directly **/ function liquidationCall( address collateralAsset, address debtAsset, address user, uint256 debtToCover, bool receiveAToken ) external override returns (uint256, string memory) { DataTypes.ReserveData storage collateralReserve = _reserves[collateralAsset]; DataTypes.ReserveData storage debtReserve = _reserves[debtAsset]; DataTypes.UserConfigurationMap storage userConfig = _usersConfig[user]; LiquidationCallLocalVars memory vars; (, , , , vars.healthFactor) = GenericLogic.calculateUserAccountData( user, _reserves, userConfig, _reservesList, _reservesCount, _addressesProvider.getPriceOracle() ); (vars.userStableDebt, vars.userVariableDebt) = Helpers.getUserCurrentDebt(user, debtReserve); (vars.errorCode, vars.errorMsg) = ValidationLogic.validateLiquidationCall( collateralReserve, debtReserve, userConfig, vars.healthFactor, vars.userStableDebt, vars.userVariableDebt ); if (Errors.CollateralManagerErrors(vars.errorCode) != Errors.CollateralManagerErrors.NO_ERROR) { return (vars.errorCode, vars.errorMsg); } vars.collateralAtoken = IAToken(collateralReserve.aTokenAddress); vars.userCollateralBalance = vars.collateralAtoken.balanceOf(user); vars.maxLiquidatableDebt = vars.userStableDebt.add(vars.userVariableDebt).percentMul( LIQUIDATION_CLOSE_FACTOR_PERCENT ); vars.actualDebtToLiquidate = debtToCover > vars.maxLiquidatableDebt ? vars.maxLiquidatableDebt : debtToCover; ( vars.maxCollateralToLiquidate, vars.debtAmountNeeded ) = _calculateAvailableCollateralToLiquidate( collateralReserve, debtReserve, collateralAsset, debtAsset, vars.actualDebtToLiquidate, vars.userCollateralBalance ); // If debtAmountNeeded < actualDebtToLiquidate, there isn't enough // collateral to cover the actual amount that is being liquidated, hence we liquidate // a smaller amount if (vars.debtAmountNeeded < vars.actualDebtToLiquidate) { vars.actualDebtToLiquidate = vars.debtAmountNeeded; } // If the liquidator reclaims the underlying asset, we make sure there is enough available liquidity in the // collateral reserve if (!receiveAToken) { uint256 currentAvailableCollateral = IERC20(collateralAsset).balanceOf(address(vars.collateralAtoken)); if (currentAvailableCollateral < vars.maxCollateralToLiquidate) { return ( uint256(Errors.CollateralManagerErrors.NOT_ENOUGH_LIQUIDITY), Errors.LPCM_NOT_ENOUGH_LIQUIDITY_TO_LIQUIDATE ); } } debtReserve.updateState(); if (vars.userVariableDebt >= vars.actualDebtToLiquidate) { IVariableDebtToken(debtReserve.variableDebtTokenAddress).burn( user, vars.actualDebtToLiquidate, debtReserve.variableBorrowIndex ); } else { // If the user doesn't have variable debt, no need to try to burn variable debt tokens if (vars.userVariableDebt > 0) { IVariableDebtToken(debtReserve.variableDebtTokenAddress).burn( user, vars.userVariableDebt, debtReserve.variableBorrowIndex ); } IStableDebtToken(debtReserve.stableDebtTokenAddress).burn( user, vars.actualDebtToLiquidate.sub(vars.userVariableDebt) ); } debtReserve.updateInterestRates( debtAsset, debtReserve.aTokenAddress, vars.actualDebtToLiquidate, 0 ); if (receiveAToken) { vars.collateralAtoken.transferOnLiquidation(user, msg.sender, vars.maxCollateralToLiquidate); } else { collateralReserve.updateState(); collateralReserve.updateInterestRates( collateralAsset, address(vars.collateralAtoken), 0, vars.maxCollateralToLiquidate ); // Burn the equivalent amount of aToken, sending the underlying to the liquidator vars.collateralAtoken.burn( user, msg.sender, vars.maxCollateralToLiquidate, collateralReserve.liquidityIndex ); } // If the collateral being liquidated is equal to the user balance, // we set the currency as not being used as collateral anymore if (vars.maxCollateralToLiquidate == vars.userCollateralBalance) { userConfig.setUsingAsCollateral(collateralReserve.id, false); emit ReserveUsedAsCollateralDisabled(collateralAsset, user); } // Transfers the debt asset being repaid to the aToken, where the liquidity is kept IERC20(debtAsset).safeTransferFrom( msg.sender, debtReserve.aTokenAddress, vars.actualDebtToLiquidate ); emit LiquidationCall( collateralAsset, debtAsset, user, vars.actualDebtToLiquidate, vars.maxCollateralToLiquidate, msg.sender, receiveAToken ); return (uint256(Errors.CollateralManagerErrors.NO_ERROR), Errors.LPCM_NO_ERRORS); } struct AvailableCollateralToLiquidateLocalVars { uint256 userCompoundedBorrowBalance; uint256 liquidationBonus; uint256 collateralPrice; uint256 debtAssetPrice; uint256 maxAmountCollateralToLiquidate; uint256 debtAssetDecimals; uint256 collateralDecimals; } /** * @dev Calculates how much of a specific collateral can be liquidated, given * a certain amount of debt asset. * - This function needs to be called after all the checks to validate the liquidation have been performed, * otherwise it might fail. * @param collateralReserve The data of the collateral reserve * @param debtReserve The data of the debt reserve * @param collateralAsset The address of the underlying asset used as collateral, to receive as result of the liquidation * @param debtAsset The address of the underlying borrowed asset to be repaid with the liquidation * @param debtToCover The debt amount of borrowed `asset` the liquidator wants to cover * @param userCollateralBalance The collateral balance for the specific `collateralAsset` of the user being liquidated * @return collateralAmount: The maximum amount that is possible to liquidate given all the liquidation constraints * (user balance, close factor) * debtAmountNeeded: The amount to repay with the liquidation **/ function _calculateAvailableCollateralToLiquidate( DataTypes.ReserveData storage collateralReserve, DataTypes.ReserveData storage debtReserve, address collateralAsset, address debtAsset, uint256 debtToCover, uint256 userCollateralBalance ) internal view returns (uint256, uint256) { uint256 collateralAmount = 0; uint256 debtAmountNeeded = 0; IPriceOracleGetter oracle = IPriceOracleGetter(_addressesProvider.getPriceOracle()); AvailableCollateralToLiquidateLocalVars memory vars; vars.collateralPrice = oracle.getAssetPrice(collateralAsset); vars.debtAssetPrice = oracle.getAssetPrice(debtAsset); (, , vars.liquidationBonus, vars.collateralDecimals, ) = collateralReserve .configuration .getParams(); vars.debtAssetDecimals = debtReserve.configuration.getDecimals(); // This is the maximum possible amount of the selected collateral that can be liquidated, given the // max amount of liquidatable debt vars.maxAmountCollateralToLiquidate = vars .debtAssetPrice .mul(debtToCover) .mul(10**vars.collateralDecimals) .percentMul(vars.liquidationBonus) .div(vars.collateralPrice.mul(10**vars.debtAssetDecimals)); if (vars.maxAmountCollateralToLiquidate > userCollateralBalance) { collateralAmount = userCollateralBalance; debtAmountNeeded = vars .collateralPrice .mul(collateralAmount) .mul(10**vars.debtAssetDecimals) .div(vars.debtAssetPrice.mul(10**vars.collateralDecimals)) .percentDiv(vars.liquidationBonus); } else { collateralAmount = vars.maxAmountCollateralToLiquidate; debtAmountNeeded = debtToCover; } return (collateralAmount, debtAmountNeeded); } }