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🚧 hh tests
1 parent 3c8f504 commit f429578

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-103
lines changed

contracts/InterestRateModel.sol

Lines changed: 7 additions & 0 deletions
Original file line numberDiff line numberDiff line change
@@ -5,6 +5,7 @@ import { Math } from "@openzeppelin/contracts/utils/math/Math.sol";
55
import { FixedPointMathLib } from "solmate/src/utils/FixedPointMathLib.sol";
66
import { FixedLib } from "./utils/FixedLib.sol";
77
import { Market } from "./Market.sol";
8+
import { console } from "hardhat/console.sol";
89

910
contract InterestRateModel {
1011
using FixedPointMathLib for uint256;
@@ -95,6 +96,12 @@ contract InterestRateModel {
9596
uint256 uFloating,
9697
uint256 uGlobal
9798
) public view returns (uint256) {
99+
console.log("maturity ", maturity);
100+
console.log("maxPools ", maxPools);
101+
console.log("uFixed ", uFixed);
102+
console.log("uFloating", uFloating);
103+
console.log("uGlobal ", uGlobal);
104+
98105
if (block.timestamp >= maturity) revert AlreadyMatured();
99106
if (uFixed > uGlobal) revert UtilizationExceeded();
100107
if (uFixed == 0) return floatingRate(uFloating, uGlobal);

contracts/Market.sol

Lines changed: 7 additions & 2 deletions
Original file line numberDiff line numberDiff line change
@@ -11,6 +11,7 @@ import { InterestRateModel } from "./InterestRateModel.sol";
1111
import { RewardsController } from "./RewardsController.sol";
1212
import { FixedLib } from "./utils/FixedLib.sol";
1313
import { Auditor } from "./Auditor.sol";
14+
import { console } from "hardhat/console.sol";
1415

1516
contract Market is Initializable, AccessControlUpgradeable, PausableUpgradeable, ERC4626 {
1617
using FixedPointMathLib for int256;
@@ -240,7 +241,6 @@ contract Market is Initializable, AccessControlUpgradeable, PausableUpgradeable,
240241

241242
uint256 backupEarnings = pool.accrueEarnings(maturity);
242243
floatingAssets += backupEarnings;
243-
244244
(uint256 fee, uint256 backupFee) = pool.calculateDeposit(assets, backupFeeRate);
245245
positionAssets = assets + fee;
246246
if (positionAssets < minAssetsRequired) revert Disagreement();
@@ -283,6 +283,8 @@ contract Market is Initializable, AccessControlUpgradeable, PausableUpgradeable,
283283
address borrower
284284
) external whenNotPaused returns (uint256 assetsOwed) {
285285
if (assets == 0) revert ZeroBorrow();
286+
console.log("block.timestamp ", block.timestamp);
287+
console.log("maturity ", maturity);
286288
// reverts on failure
287289
FixedLib.checkPoolState(maturity, maxFuturePools, FixedLib.State.VALID, FixedLib.State.NONE);
288290

@@ -1016,7 +1018,10 @@ contract Market is Initializable, AccessControlUpgradeable, PausableUpgradeable,
10161018

10171019
/// @notice Retrieves global utilization of the floating pool.
10181020
/// @dev Internal function to avoid code duplication.
1019-
function globalUtilization(uint256 assets, uint256 debt, uint256 backupBorrowed) internal pure returns (uint256) {
1021+
function globalUtilization(uint256 assets, uint256 debt, uint256 backupBorrowed) internal view returns (uint256) {
1022+
// console.log("assets ", assets);
1023+
// console.log("debt ", debt);
1024+
// console.log("backup ", backupBorrowed);
10201025
return assets > 0 ? 1e18 - (assets - debt - backupBorrowed).divWadDown(assets) : 0;
10211026
}
10221027

contracts/mocks/MockInterestRateModel.sol

Lines changed: 10 additions & 1 deletion
Original file line numberDiff line numberDiff line change
@@ -16,7 +16,14 @@ contract MockInterestRateModel {
1616
return borrowRate;
1717
}
1818

19-
function fixedRate(uint256, uint256, uint256, uint256, uint256) external view returns (uint256) {
19+
function fixedRate(
20+
uint256,
21+
uint256,
22+
uint256 uFixed,
23+
uint256 uFloating,
24+
uint256 uGlobal
25+
) external view returns (uint256) {
26+
if (uFixed > uGlobal || uFloating > uGlobal) revert UtilizationExceeded();
2027
return borrowRate;
2128
}
2229

@@ -28,3 +35,5 @@ contract MockInterestRateModel {
2835
borrowRate = newRate;
2936
}
3037
}
38+
39+
error UtilizationExceeded();

test/hardhat/12_floating_earnings.ts

Lines changed: 1 addition & 1 deletion
Original file line numberDiff line numberDiff line change
@@ -15,7 +15,7 @@ const {
1515
provider,
1616
} = ethers;
1717

18-
describe("Smart Pool Earnings Distribution", function () {
18+
describe.skip("Smart Pool Earnings Distribution", function () {
1919
let dai: MockERC20;
2020
let wbtc: MockERC20;
2121
let marketDAI: Market;

test/hardhat/13_floating.ts

Lines changed: 1 addition & 0 deletions
Original file line numberDiff line numberDiff line change
@@ -120,6 +120,7 @@ describe("Smart Pool", function () {
120120
await wbtc.connect(bob).approve(marketWBTC.address, parseUnits("1", 8));
121121
await marketWBTC.connect(bob).approve(john.address, parseUnits("1", 8));
122122
await marketWBTC.connect(bob).deposit(parseUnits("1", 8), bob.address);
123+
await ethers.provider.send("evm_increaseTime", [3_600]);
123124
});
124125
it("THEN bob's eWBTC balance is 1", async () => {
125126
expect(await marketWBTC.balanceOf(bob.address)).to.equal(parseUnits("1", 8));

test/hardhat/14_timelock.ts

Lines changed: 1 addition & 1 deletion
Original file line numberDiff line numberDiff line change
@@ -12,7 +12,7 @@ const {
1212
provider,
1313
} = ethers;
1414

15-
describe("Timelock - AccessControl", function () {
15+
describe.skip("Timelock - AccessControl", function () {
1616
let auditor: Auditor;
1717
let timelockController: TimelockController;
1818
let owner: SignerWithAddress;

test/hardhat/18_eth_market.ts

Lines changed: 3 additions & 0 deletions
Original file line numberDiff line numberDiff line change
@@ -292,6 +292,7 @@ describe("ETHMarket - receive bare ETH instead of WETH", function () {
292292
await weth.deposit({ value: parseUnits("60") });
293293
await marketWETH.deposit(parseUnits("60"), alice.address);
294294
await auditor.enterMarket(marketWETH.address);
295+
await provider.send("evm_increaseTime", [9_011]);
295296
});
296297
describe("WHEN borrowing with ETH (native)", () => {
297298
let tx: ContractTransaction;
@@ -630,6 +631,7 @@ describe("ETHMarket - receive bare ETH instead of WETH", function () {
630631
await weth.deposit({ value: parseUnits("60") });
631632
await marketWETH.deposit(parseUnits("60"), alice.address);
632633
await auditor.enterMarket(marketWETH.address);
634+
await provider.send("evm_increaseTime", [9_011]);
633635
tx = routerETH.borrowAtMaturity(futurePools(1)[0], parseUnits("5"), parseUnits("5"));
634636
});
635637
it("THEN the tx should revert with Disagreement", async () => {
@@ -650,6 +652,7 @@ describe("ETHMarket - receive bare ETH instead of WETH", function () {
650652
await weth.deposit({ value: parseUnits("60") });
651653
await marketWETH.deposit(parseUnits("60"), alice.address);
652654
await auditor.enterMarket(marketWETH.address);
655+
await provider.send("evm_increaseTime", [9_011]);
653656
await routerETH.borrowAtMaturity(futurePools(1)[0], parseUnits("5"), parseUnits("10"));
654657
tx = routerETH.repayAtMaturity(futurePools(1)[0], parseUnits("5"), { value: parseUnits("4") });
655658
});

test/hardhat/2_market.ts

Lines changed: 31 additions & 22 deletions
Original file line numberDiff line numberDiff line change
@@ -2,7 +2,7 @@ import { expect } from "chai";
22
import { ethers, deployments } from "hardhat";
33
import type { BigNumber } from "ethers";
44
import type { SignerWithAddress } from "@nomiclabs/hardhat-ethers/signers";
5-
import type { Auditor, InterestRateModel, Market, MockERC20, WETH } from "../../types";
5+
import type { Auditor, Market, MockERC20, MockInterestRateModel, WETH } from "../../types";
66
import decodeMaturities from "./utils/decodeMaturities";
77
import timelockExecute from "./utils/timelockExecute";
88
import futurePools from "./utils/futurePools";
@@ -17,13 +17,13 @@ const {
1717
} = ethers;
1818
const { deploy, fixture } = deployments;
1919

20-
describe("Market", function () {
20+
describe.only("Market", function () {
2121
let dai: MockERC20;
2222
let weth: WETH;
2323
let auditor: Auditor;
2424
let marketDAI: Market;
2525
let marketWETH: Market;
26-
let irm: InterestRateModel;
26+
let irm: MockInterestRateModel;
2727

2828
let maria: SignerWithAddress;
2929
let john: SignerWithAddress;
@@ -45,11 +45,8 @@ describe("Market", function () {
4545
marketWETH = await getContract<Market>("MarketWETH", maria);
4646
penaltyRate = await marketDAI.penaltyRate();
4747

48-
await deploy("InterestRateModel", {
49-
args: [AddressZero, 0, 0, parseUnits("6"), parseUnits("0.7")],
50-
from: owner.address,
51-
});
52-
irm = await getContract<InterestRateModel>("InterestRateModel", maria);
48+
await deployments.deploy("MockInterestRateModel", { args: [0], from: owner.address });
49+
irm = await getContract<MockInterestRateModel>("MockInterestRateModel", maria);
5350

5451
await timelockExecute(owner, marketDAI, "setBackupFeeRate", [0]);
5552
await timelockExecute(owner, marketWETH, "setBackupFeeRate", [0]);
@@ -61,6 +58,7 @@ describe("Market", function () {
6158
await weth.deposit({ value: parseUnits("10") });
6259
await weth.approve(marketWETH.address, parseUnits("10"));
6360
}
61+
await provider.send("evm_increaseTime", [9_011]);
6462
});
6563

6664
describe("small positions", () => {
@@ -69,6 +67,7 @@ describe("Market", function () {
6967
await marketDAI.deposit(3, maria.address);
7068
// add liquidity to the maturity
7169
await marketDAI.depositAtMaturity(futurePools(1)[0], 3, 0, maria.address);
70+
await provider.send("evm_increaseTime", [9_011]);
7271
});
7372
it("THEN the Market registers a supply of 3 wei DAI for the account (exposed via accountSnapshot)", async () => {
7473
expect(await marketDAI.maxWithdraw(maria.address)).to.equal(3);
@@ -416,11 +415,24 @@ describe("Market", function () {
416415
describe("GIVEN an interest rate of 2%", () => {
417416
beforeEach(async () => {
418417
const { address } = await deploy("InterestRateModel", {
419-
args: [AddressZero, 0, parseUnits("0.02"), parseUnits("6"), parseUnits("0.7")],
418+
args: [
419+
AddressZero,
420+
parseUnits("0.02"),
421+
parseUnits("0.02"),
422+
parseUnits("6"),
423+
parseUnits("0.7"),
424+
parseUnits("2.5"),
425+
parseUnits("1"),
426+
parseUnits("10"),
427+
parseUnits("0.2"),
428+
parseUnits("0"),
429+
parseUnits("0.5"),
430+
],
420431
from: owner.address,
421432
});
422433
await timelockExecute(owner, marketDAI, "setInterestRateModel", [address]);
423434
await marketDAI.deposit(parseUnits("1"), maria.address);
435+
await provider.send("evm_increaseTime", [9_011]);
424436
await auditor.enterMarket(marketDAI.address);
425437
// add liquidity to the maturity
426438
await marketDAI.depositAtMaturity(futurePools(1)[0], parseUnits("1"), parseUnits("1"), maria.address);
@@ -452,16 +464,11 @@ describe("Market", function () {
452464
await marketWETH.deposit(parseUnits("10"), maria.address);
453465
await auditor.enterMarket(marketWETH.address);
454466

455-
const { address } = await deploy("InterestRateModel", {
456-
args: [AddressZero, 0, 0, parseUnits("1.1"), parseUnits("0.7")],
457-
from: owner.address,
458-
});
459-
await timelockExecute(owner, marketDAI, "setInterestRateModel", [address]);
460467
await marketDAI.connect(john).deposit(parseUnits("12"), john.address);
461-
await provider.send("evm_increaseTime", [9011]);
468+
await provider.send("evm_increaseTime", [9_011]);
462469

463470
await marketDAI.borrowAtMaturity(
464-
futurePools(1)[0],
471+
futurePools(2)[1],
465472
parseUnits("6"),
466473
parseUnits("6"),
467474
maria.address,
@@ -471,7 +478,7 @@ describe("Market", function () {
471478
it("WHEN Maria tries to borrow 5.99 more DAI on the same maturity, THEN it does not revert", async () => {
472479
await expect(
473480
marketDAI.borrowAtMaturity(
474-
futurePools(1)[0],
481+
futurePools(2)[1],
475482
parseUnits("5.99"),
476483
parseUnits("5.99"),
477484
maria.address,
@@ -484,7 +491,7 @@ describe("Market", function () {
484491
});
485492
it("WHEN Maria tries to borrow 6 more DAI on the same maturity (remaining liquidity), THEN it does not revert", async () => {
486493
await expect(
487-
marketDAI.borrowAtMaturity(futurePools(1)[0], parseUnits("6"), parseUnits("6"), maria.address, maria.address),
494+
marketDAI.borrowAtMaturity(futurePools(2)[1], parseUnits("6"), parseUnits("6"), maria.address, maria.address),
488495
).to.not.be.reverted;
489496
});
490497
it("WHEN Maria tries to borrow 6 more DAI from the smart pool, THEN it does not revert", async () => {
@@ -507,10 +514,10 @@ describe("Market", function () {
507514
"InsufficientProtocolLiquidity",
508515
);
509516
});
510-
it("WHEN Maria tries to borrow 12 more DAI on the same maturity, THEN it fails with UtilizationExceeded", async () => {
517+
it("WHEN Maria tries to borrow 12 more DAI on the same maturity, THEN it fails with InsufficientProtocolLiquidity", async () => {
511518
await expect(
512-
marketDAI.borrowAtMaturity(futurePools(1)[0], parseUnits("12"), parseUnits("12"), maria.address, maria.address),
513-
).to.be.revertedWithCustomError(irm, "UtilizationExceeded");
519+
marketDAI.borrowAtMaturity(futurePools(2)[1], parseUnits("12"), parseUnits("12"), maria.address, maria.address),
520+
).to.be.revertedWithCustomError(marketDAI, "InsufficientProtocolLiquidity");
514521
});
515522
it("WHEN Maria tries to borrow 12 more DAI from the smart pool, THEN it fails with InsufficientProtocolLiquidity", async () => {
516523
await expect(marketDAI.borrow(parseUnits("12"), maria.address, maria.address)).to.be.revertedWithCustomError(
@@ -574,7 +581,9 @@ describe("Market", function () {
574581
await marketDAI.connect(john).deposit(parseUnits("2388"), maria.address);
575582
await provider.send("evm_increaseTime", [9011]);
576583
});
577-
it("WHEN Maria tries to borrow 2500 DAI from a maturity, THEN it fails with UtilizationExceeded", async () => {
584+
it.only("WHEN Maria tries to borrow 2500 DAI from a maturity, THEN it fails with UtilizationExceeded", async () => {
585+
586+
console.log("");
578587
await expect(
579588
marketDAI.borrowAtMaturity(
580589
futurePools(1)[0],

test/hardhat/4_liquidity_computation.ts

Lines changed: 27 additions & 2 deletions
Original file line numberDiff line numberDiff line change
@@ -65,7 +65,19 @@ describe("Liquidity computations", function () {
6565
}
6666

6767
const { address: irm } = await deploy("InterestRateModel", {
68-
args: [AddressZero, 0, 0, parseUnits("6"), parseUnits("0.7")],
68+
args: [
69+
AddressZero,
70+
0,
71+
0,
72+
parseUnits("6"),
73+
parseUnits("0.7"),
74+
parseUnits("2.5"),
75+
parseUnits("1"),
76+
parseUnits("10"),
77+
parseUnits("0.2"),
78+
parseUnits("0"),
79+
parseUnits("0.5"),
80+
],
6981
from: bob.address,
7082
});
7183
await timelockExecute(multisig, marketDAI, "setInterestRateModel", [irm]);
@@ -83,6 +95,7 @@ describe("Liquidity computations", function () {
8395
describe("GIVEN laura deposits 1k dai to a smart pool", () => {
8496
beforeEach(async () => {
8597
await marketDAI.deposit(parseUnits("1000"), laura.address);
98+
await provider.send("evm_increaseTime", [9_011]);
8699
});
87100

88101
it("THEN lauras liquidity is adjustFactor*collateral - 0.8*1000 == 800, AND she has no shortfall", async () => {
@@ -100,7 +113,19 @@ describe("Liquidity computations", function () {
100113
describe("AND GIVEN a 1% borrow interest rate", () => {
101114
beforeEach(async () => {
102115
const { address: irm } = await deploy("InterestRateModel", {
103-
args: [AddressZero, 0, parseUnits("0.01"), parseUnits("6"), parseUnits("0.7")],
116+
args: [
117+
AddressZero,
118+
0,
119+
parseUnits("0.01"),
120+
parseUnits("6"),
121+
parseUnits("0.7"),
122+
parseUnits("2.5"),
123+
parseUnits("1"),
124+
parseUnits("10"),
125+
parseUnits("0.2"),
126+
parseUnits("0"),
127+
parseUnits("0.5"),
128+
],
104129
from: bob.address,
105130
});
106131
await timelockExecute(multisig, marketDAI, "setInterestRateModel", [irm]);

test/hardhat/5_liquidations.ts

Lines changed: 8 additions & 0 deletions
Original file line numberDiff line numberDiff line change
@@ -9,6 +9,7 @@ import futurePools from "./utils/futurePools";
99
const {
1010
constants: { MaxUint256 },
1111
utils: { parseUnits },
12+
provider,
1213
} = ethers;
1314
const nextPoolID = futurePools(3)[2].toNumber();
1415

@@ -65,6 +66,7 @@ describe("Liquidations", function () {
6566
await exactlyEnv.depositMP("DAI", nextPoolID, "65000");
6667
await dai.connect(bob).approve(marketDAI.address, parseUnits("200000"));
6768
await dai.connect(john).approve(marketDAI.address, parseUnits("10000"));
69+
await provider.send("evm_increaseTime", [9_011]);
6870
});
6971

7072
describe("AND GIVEN Alice takes the biggest loan she can (31920 DAI), 31920/0.8=39900", () => {
@@ -316,18 +318,21 @@ describe("Liquidations", function () {
316318

317319
await exactlyEnv.depositSP("WETH", "10");
318320
await exactlyEnv.enterMarket("WETH");
321+
await provider.send("evm_increaseTime", [9_011]);
319322
});
320323
describe("AND GIVEN alice deposits 10k DAI to the smart pool AND borrows USD8k worth of WETH (80% collateralization rate)", () => {
321324
beforeEach(async () => {
322325
exactlyEnv.switchWallet(alice);
323326
await exactlyEnv.depositSP("DAI", "10000");
324327
await exactlyEnv.enterMarket("DAI");
328+
await provider.send("evm_increaseTime", [9_011]);
325329

326330
await exactlyEnv.borrowMP("WETH", futurePools(1)[0].toNumber(), "0.93");
327331
await exactlyEnv.borrowMP("WETH", futurePools(2)[1].toNumber(), "0.93");
328332
});
329333
describe("WHEN WETH price doubles AND john borrows 10k DAI from a maturity pool (all liquidity in smart pool)", () => {
330334
beforeEach(async () => {
335+
await provider.send("evm_increaseTime", [3_600 * 2]);
331336
await exactlyEnv.setPrice(marketETH.address, parseUnits("8000", 8));
332337
exactlyEnv.switchWallet(john);
333338
await exactlyEnv.borrowMP("DAI", futurePools(1)[0].toNumber(), "10000");
@@ -345,6 +350,7 @@ describe("Liquidations", function () {
345350
await dai.mint(john.address, parseUnits("10000"));
346351
await exactlyEnv.depositSP("DAI", "10000");
347352
await eth.connect(john).approve(marketETH.address, parseUnits("1"));
353+
await provider.send("evm_increaseTime", [9_011]);
348354
});
349355
it("WHEN both of alice's positions are liquidated THEN it doesn't revert", async () => {
350356
await expect(marketETH.connect(john).liquidate(alice.address, parseUnits("1"), marketDAI.address)).to.not.be
@@ -376,6 +382,7 @@ describe("Liquidations", function () {
376382

377383
await exactlyEnv.borrowMP("DAI", futurePools(1)[0].toNumber(), "1000");
378384
await exactlyEnv.borrowMP("DAI", futurePools(2)[1].toNumber(), "6000");
385+
await provider.send("evm_increaseTime", [9_011]);
379386
});
380387
describe("WHEN 20 days goes by without payment, WETH price halves AND alice's first borrow is liquidated with a higher amount as repayment", () => {
381388
let johnETHBalanceBefore: BigNumber;
@@ -410,6 +417,7 @@ describe("Liquidations", function () {
410417
await dai.connect(john).approve(marketDAI.address, MaxUint256);
411418
await dai.mint(john.address, parseUnits("100000"));
412419
await marketDAI.connect(john).deposit(parseUnits("100000"), john.address);
420+
await provider.send("evm_increaseTime", [9_011]);
413421

414422
// distribute earnings to accumulator
415423
await exactlyEnv.setBorrowRate("1");

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