aave-protocol-v2/contracts/protocol/tokenization/PermissionedStableDebtToken.sol

// SPDX-License-Identifier: agpl-3.0
pragma solidity 0.6.12;

import {PermissionedDebtTokenBase} from './base/PermissionedDebtTokenBase.sol';
import {MathUtils} from '../libraries/math/MathUtils.sol';
import {WadRayMath} from '../libraries/math/WadRayMath.sol';
import {IStableDebtToken} from '../../interfaces/IStableDebtToken.sol';
import {ILendingPool} from '../../interfaces/ILendingPool.sol';
import {IAaveIncentivesController} from '../../interfaces/IAaveIncentivesController.sol';
import {Errors} from '../libraries/helpers/Errors.sol';

/**
 * @title PermissionedStableDebtToken
 * @notice Implements a stable debt token to track the borrowing positions of users
 * at stable rate mode, with permissioned roles on credit delegation
 * @author Aave
 **/
contract PermissionedStableDebtToken is IStableDebtToken, PermissionedDebtTokenBase {
  using WadRayMath for uint256;

  uint256 public constant DEBT_TOKEN_REVISION = 0x1;

  uint256 internal _avgStableRate;
  mapping(address => uint40) internal _timestamps;
  mapping(address => uint256) internal _usersStableRate;
  uint40 internal _totalSupplyTimestamp;

  ILendingPool internal _pool;
  address internal _underlyingAsset;
  IAaveIncentivesController internal _incentivesController;

  /**
   * @dev Initializes the debt token.
   * @param pool The address of the lending pool where this aToken will be used
   * @param underlyingAsset The address of the underlying asset of this aToken (E.g. WETH for aWETH)
   * @param incentivesController The smart contract managing potential incentives distribution
   * @param debtTokenDecimals The decimals of the debtToken, same as the underlying asset's
   * @param debtTokenName The name of the token
   * @param debtTokenSymbol The symbol of the token
   */
  function initialize(
    ILendingPool pool,
    address underlyingAsset,
    IAaveIncentivesController incentivesController,
    uint8 debtTokenDecimals,
    string memory debtTokenName,
    string memory debtTokenSymbol,
    bytes calldata params
  ) public override initializer {
    _setName(debtTokenName);
    _setSymbol(debtTokenSymbol);
    _setDecimals(debtTokenDecimals);

    _pool = pool;
    _underlyingAsset = underlyingAsset;
    _incentivesController = incentivesController;

    emit Initialized(
      underlyingAsset,
      address(pool),
      address(incentivesController),
      debtTokenDecimals,
      debtTokenName,
      debtTokenSymbol,
      params
    );
  }

  /**
   * @dev Gets the revision of the stable debt token implementation
   * @return The debt token implementation revision
   **/
  function getRevision() internal pure virtual override returns (uint256) {
    return DEBT_TOKEN_REVISION;
  }

  /**
   * @dev Returns the average stable rate across all the stable rate debt
   * @return the average stable rate
   **/
  function getAverageStableRate() external view virtual override returns (uint256) {
    return _avgStableRate;
  }

  /**
   * @dev Returns the timestamp of the last user action
   * @return The last update timestamp
   **/
  function getUserLastUpdated(address user) external view virtual override returns (uint40) {
    return _timestamps[user];
  }

  /**
   * @dev Returns the stable rate of the user
   * @param user The address of the user
   * @return The stable rate of user
   **/
  function getUserStableRate(address user) external view virtual override returns (uint256) {
    return _usersStableRate[user];
  }

  /**
   * @dev Calculates the current user debt balance
   * @return The accumulated debt of the user
   **/
  function balanceOf(address account) public view virtual override returns (uint256) {
    uint256 accountBalance = super.balanceOf(account);
    uint256 stableRate = _usersStableRate[account];
    if (accountBalance == 0) {
      return 0;
    }
    uint256 cumulatedInterest =
      MathUtils.calculateCompoundedInterest(stableRate, _timestamps[account]);
    return accountBalance.rayMul(cumulatedInterest);
  }

  struct MintLocalVars {
    uint256 previousSupply;
    uint256 nextSupply;
    uint256 amountInRay;
    uint256 newStableRate;
    uint256 currentAvgStableRate;
  }

  /**
   * @dev Mints debt token to the `onBehalfOf` address.
   * -  Only callable by the LendingPool
   * - The resulting rate is the weighted average between the rate of the new debt
   * and the rate of the previous debt
   * @param user The address receiving the borrowed underlying, being the delegatee in case
   * of credit delegate, or same as `onBehalfOf` otherwise
   * @param onBehalfOf The address receiving the debt tokens
   * @param amount The amount of debt tokens to mint
   * @param rate The rate of the debt being minted
   **/
  function mint(
    address user,
    address onBehalfOf,
    uint256 amount,
    uint256 rate
  ) external override onlyLendingPool returns (bool) {
    MintLocalVars memory vars;

    if (user != onBehalfOf) {
      _decreaseBorrowAllowance(onBehalfOf, user, amount);
    }

    (, uint256 currentBalance, uint256 balanceIncrease) = _calculateBalanceIncrease(onBehalfOf);

    vars.previousSupply = totalSupply();
    vars.currentAvgStableRate = _avgStableRate;
    vars.nextSupply = _totalSupply = vars.previousSupply.add(amount);

    vars.amountInRay = amount.wadToRay();

    vars.newStableRate = _usersStableRate[onBehalfOf]
      .rayMul(currentBalance.wadToRay())
      .add(vars.amountInRay.rayMul(rate))
      .rayDiv(currentBalance.add(amount).wadToRay());

    require(vars.newStableRate <= type(uint128).max, Errors.SDT_STABLE_DEBT_OVERFLOW);
    _usersStableRate[onBehalfOf] = vars.newStableRate;

    //solium-disable-next-line
    _totalSupplyTimestamp = _timestamps[onBehalfOf] = uint40(block.timestamp);

    // Calculates the updated average stable rate
    vars.currentAvgStableRate = _avgStableRate = vars
      .currentAvgStableRate
      .rayMul(vars.previousSupply.wadToRay())
      .add(rate.rayMul(vars.amountInRay))
      .rayDiv(vars.nextSupply.wadToRay());

    _mint(onBehalfOf, amount.add(balanceIncrease), vars.previousSupply);

    emit Transfer(address(0), onBehalfOf, amount);

    emit Mint(
      user,
      onBehalfOf,
      amount,
      currentBalance,
      balanceIncrease,
      vars.newStableRate,
      vars.currentAvgStableRate,
      vars.nextSupply
    );

    return currentBalance == 0;
  }

  /**
   * @dev Burns debt of `user`
   * @param user The address of the user getting his debt burned
   * @param amount The amount of debt tokens getting burned
   **/
  function burn(address user, uint256 amount) external override onlyLendingPool {
    (, uint256 currentBalance, uint256 balanceIncrease) = _calculateBalanceIncrease(user);

    uint256 previousSupply = totalSupply();
    uint256 newAvgStableRate = 0;
    uint256 nextSupply = 0;
    uint256 userStableRate = _usersStableRate[user];

    // Since the total supply and each single user debt accrue separately,
    // there might be accumulation errors so that the last borrower repaying
    // mght actually try to repay more than the available debt supply.
    // In this case we simply set the total supply and the avg stable rate to 0
    if (previousSupply <= amount) {
      _avgStableRate = 0;
      _totalSupply = 0;
    } else {
      nextSupply = _totalSupply = previousSupply.sub(amount);
      uint256 firstTerm = _avgStableRate.rayMul(previousSupply.wadToRay());
      uint256 secondTerm = userStableRate.rayMul(amount.wadToRay());

      // For the same reason described above, when the last user is repaying it might
      // happen that user rate * user balance > avg rate * total supply. In that case,
      // we simply set the avg rate to 0
      if (secondTerm >= firstTerm) {
        newAvgStableRate = _avgStableRate = _totalSupply = 0;
      } else {
        newAvgStableRate = _avgStableRate = firstTerm.sub(secondTerm).rayDiv(nextSupply.wadToRay());
      }
    }

    if (amount == currentBalance) {
      _usersStableRate[user] = 0;
      _timestamps[user] = 0;
    } else {
      //solium-disable-next-line
      _timestamps[user] = uint40(block.timestamp);
    }
    //solium-disable-next-line
    _totalSupplyTimestamp = uint40(block.timestamp);

    if (balanceIncrease > amount) {
      uint256 amountToMint = balanceIncrease.sub(amount);
      _mint(user, amountToMint, previousSupply);
      emit Mint(
        user,
        user,
        amountToMint,
        currentBalance,
        balanceIncrease,
        userStableRate,
        newAvgStableRate,
        nextSupply
      );
    } else {
      uint256 amountToBurn = amount.sub(balanceIncrease);
      _burn(user, amountToBurn, previousSupply);
      emit Burn(user, amountToBurn, currentBalance, balanceIncrease, newAvgStableRate, nextSupply);
    }

    emit Transfer(user, address(0), amount);
  }

  /**
   * @dev Calculates the increase in balance since the last user interaction
   * @param user The address of the user for which the interest is being accumulated
   * @return The previous principal balance, the new principal balance and the balance increase
   **/
  function _calculateBalanceIncrease(address user)
    internal
    view
    returns (
      uint256,
      uint256,
      uint256
    )
  {
    uint256 previousPrincipalBalance = super.balanceOf(user);

    if (previousPrincipalBalance == 0) {
      return (0, 0, 0);
    }

    // Calculation of the accrued interest since the last accumulation
    uint256 balanceIncrease = balanceOf(user).sub(previousPrincipalBalance);

    return (
      previousPrincipalBalance,
      previousPrincipalBalance.add(balanceIncrease),
      balanceIncrease
    );
  }

  /**
   * @dev Returns the principal and total supply, the average borrow rate and the last supply update timestamp
   **/
  function getSupplyData()
    public
    view
    override
    returns (
      uint256,
      uint256,
      uint256,
      uint40
    )
  {
    uint256 avgRate = _avgStableRate;
    return (super.totalSupply(), _calcTotalSupply(avgRate), avgRate, _totalSupplyTimestamp);
  }

  /**
   * @dev Returns the the total supply and the average stable rate
   **/
  function getTotalSupplyAndAvgRate() public view override returns (uint256, uint256) {
    uint256 avgRate = _avgStableRate;
    return (_calcTotalSupply(avgRate), avgRate);
  }

  /**
   * @dev Returns the total supply
   **/
  function totalSupply() public view override returns (uint256) {
    return _calcTotalSupply(_avgStableRate);
  }

  /**
   * @dev Returns the timestamp at which the total supply was updated
   **/
  function getTotalSupplyLastUpdated() public view override returns (uint40) {
    return _totalSupplyTimestamp;
  }

  /**
   * @dev Returns the principal debt balance of the user from
   * @param user The user's address
   * @return The debt balance of the user since the last burn/mint action
   **/
  function principalBalanceOf(address user) external view virtual override returns (uint256) {
    return super.balanceOf(user);
  }

  /**
   * @dev Returns the address of the underlying asset of this aToken (E.g. WETH for aWETH)
   **/
  function UNDERLYING_ASSET_ADDRESS() public view returns (address) {
    return _underlyingAsset;
  }

  /**
   * @dev Returns the address of the lending pool where this aToken is used
   **/
  function POOL() public view returns (ILendingPool) {
    return _pool;
  }

  /**
   * @dev Returns the address of the incentives controller contract
   **/
  function getIncentivesController() external view override returns (IAaveIncentivesController) {
    return _getIncentivesController();
  }

  /**
   * @dev For internal usage in the logic of the parent contracts
   **/
  function _getIncentivesController() internal view override returns (IAaveIncentivesController) {
    return _incentivesController;
  }

  /**
   * @dev For internal usage in the logic of the parent contracts
   **/
  function _getUnderlyingAssetAddress() internal view override returns (address) {
    return _underlyingAsset;
  }

  /**
   * @dev For internal usage in the logic of the parent contracts
   **/
  function _getLendingPool() internal view override returns (ILendingPool) {
    return _pool;
  }

  /**
   * @dev Calculates the total supply
   * @param avgRate The average rate at which the total supply increases
   * @return The debt balance of the user since the last burn/mint action
   **/
  function _calcTotalSupply(uint256 avgRate) internal view virtual returns (uint256) {
    uint256 principalSupply = super.totalSupply();

    if (principalSupply == 0) {
      return 0;
    }

    uint256 cumulatedInterest =
      MathUtils.calculateCompoundedInterest(avgRate, _totalSupplyTimestamp);

    return principalSupply.rayMul(cumulatedInterest);
  }

  /**
   * @dev Mints stable debt tokens to an user
   * @param account The account receiving the debt tokens
   * @param amount The amount being minted
   * @param oldTotalSupply the total supply before the minting event
   **/
  function _mint(
    address account,
    uint256 amount,
    uint256 oldTotalSupply
  ) internal {
    uint256 oldAccountBalance = _balances[account];
    _balances[account] = oldAccountBalance.add(amount);

    if (address(_incentivesController) != address(0)) {
      _incentivesController.handleAction(account, oldTotalSupply, oldAccountBalance);
    }
  }

  /**
   * @dev Burns stable debt tokens of an user
   * @param account The user getting his debt burned
   * @param amount The amount being burned
   * @param oldTotalSupply The total supply before the burning event
   **/
  function _burn(
    address account,
    uint256 amount,
    uint256 oldTotalSupply
  ) internal {
    uint256 oldAccountBalance = _balances[account];
    _balances[account] = oldAccountBalance.sub(amount, Errors.SDT_BURN_EXCEEDS_BALANCE);

    if (address(_incentivesController) != address(0)) {
      _incentivesController.handleAction(account, oldTotalSupply, oldAccountBalance);
    }
  }
}