diff --git a/programs/marginfi/src/instructions/marginfi_account/borrow.rs b/programs/marginfi/src/instructions/marginfi_account/borrow.rs index 6f6952f7..00bd579e 100644 --- a/programs/marginfi/src/instructions/marginfi_account/borrow.rs +++ b/programs/marginfi/src/instructions/marginfi_account/borrow.rs @@ -4,7 +4,9 @@ use crate::{ events::{AccountEventHeader, LendingAccountBorrowEvent}, prelude::{MarginfiError, MarginfiGroup, MarginfiResult}, state::{ - marginfi_account::{BankAccountWrapper, MarginfiAccount, RiskEngine, DISABLED_FLAG}, + marginfi_account::{ + BankAccountWrapper, MarginfiAccount, RiskEngine, DISABLED_FLAG, IN_FLASHLOAN_FLAG, + }, marginfi_group::{Bank, BankVaultType}, }, utils, @@ -57,6 +59,8 @@ pub fn lending_account_borrow<'info>( { let mut bank = bank_loader.load_mut()?; + let is_flashloan = marginfi_account.get_flag(IN_FLASHLOAN_FLAG); + let liquidity_vault_authority_bump = bank.liquidity_vault_authority_bump; let mut bank_account = BankAccountWrapper::find_or_create( @@ -78,7 +82,12 @@ pub fn lending_account_borrow<'info>( .transpose()? .unwrap_or(amount); - bank_account.borrow(I80F48::from_num(amount_pre_fee))?; + if is_flashloan { + bank_account.borrow_skip_limit_checks(I80F48::from_num(amount_pre_fee))?; + } else { + bank_account.borrow(I80F48::from_num(amount_pre_fee))?; + } + bank_account.withdraw_spl_transfer( amount_pre_fee, bank_liquidity_vault.to_account_info(), diff --git a/programs/marginfi/src/instructions/marginfi_account/flashloan.rs b/programs/marginfi/src/instructions/marginfi_account/flashloan.rs index b5deb83c..c5b72fe3 100644 --- a/programs/marginfi/src/instructions/marginfi_account/flashloan.rs +++ b/programs/marginfi/src/instructions/marginfi_account/flashloan.rs @@ -133,6 +133,8 @@ pub fn lending_account_end_flashloan<'info>( marginfi_account.unset_flag(IN_FLASHLOAN_FLAG); + // check bank deposit/borrow limits + RiskEngine::check_bank_deposit_borrow_limit(ctx.remaining_accounts)?; RiskEngine::check_account_init_health(&marginfi_account, ctx.remaining_accounts)?; Ok(()) diff --git a/programs/marginfi/src/state/marginfi_account.rs b/programs/marginfi/src/state/marginfi_account.rs index ea3944d7..bbf02c03 100644 --- a/programs/marginfi/src/state/marginfi_account.rs +++ b/programs/marginfi/src/state/marginfi_account.rs @@ -128,6 +128,7 @@ pub enum BalanceDecreaseType { WithdrawOnly, BorrowOnly, BypassBorrowLimit, + BypassBorrowAndDepositLimit, } #[derive(Copy, Clone)] @@ -174,7 +175,7 @@ impl<'info> BankAccountWithPriceFeed<'_, 'info> { debug!("Expecting {} remaining accounts", active_balances.len() * 2); debug!("Got {} remaining accounts", remaining_ais.len()); - + check!( active_balances.len() * 2 <= remaining_ais.len(), MarginfiError::MissingPythOrBankAccount @@ -473,6 +474,28 @@ impl<'info> RiskEngine<'_, 'info> { Ok(()) } + pub fn check_bank_deposit_borrow_limit<'a>( + remaining_ais: &'info [AccountInfo<'info>], + ) -> MarginfiResult<()> { + let bank_len = remaining_ais.len(); + if bank_len == 0 { + return Ok(()); + } + + for index in 0..bank_len { + let bank_index = index * 2; + if bank_index >= remaining_ais.len() { + break; + } + let bank_ai = remaining_ais.get(bank_index).unwrap(); + let bank_al = AccountLoader::::try_from(bank_ai)?; + let bank = bank_al.load()?; + bank.check_deposit_borrow_limits()?; + } + + Ok(()) + } + /// Returns the total assets and liabilities of the account in the form of (assets, liabilities) pub fn get_account_health_components( &self, @@ -920,6 +943,11 @@ impl<'a> BankAccountWrapper<'a> { self.decrease_balance_internal(amount, BalanceDecreaseType::Any) } + /// Like borrow fn, but defer deposit/borrow limit checks to the end_flashloan ix. + pub fn borrow_skip_limit_checks(&mut self, amount: I80F48) -> MarginfiResult { + self.decrease_balance_internal(amount, BalanceDecreaseType::BypassBorrowAndDepositLimit) + } + // ------------ Hybrid operations for seamless repay + deposit / withdraw + borrow /// Repay liability and deposit/increase asset depending on @@ -1188,13 +1216,24 @@ impl<'a> BankAccountWrapper<'a> { let asset_shares_decrease = bank.get_asset_shares(asset_amount_decrease)?; balance.change_asset_shares(-asset_shares_decrease)?; - bank.change_asset_shares(-asset_shares_decrease, false)?; + + bank.change_asset_shares( + -asset_shares_decrease, + matches!( + operation_type, + BalanceDecreaseType::BypassBorrowAndDepositLimit + ), + )?; let liability_shares_increase = bank.get_liability_shares(liability_amount_increase)?; balance.change_liability_shares(liability_shares_increase)?; bank.change_liability_shares( liability_shares_increase, - matches!(operation_type, BalanceDecreaseType::BypassBorrowLimit), + matches!(operation_type, BalanceDecreaseType::BypassBorrowLimit) + || matches!( + operation_type, + BalanceDecreaseType::BypassBorrowAndDepositLimit + ), )?; bank.check_utilization_ratio()?; diff --git a/programs/marginfi/src/state/marginfi_group.rs b/programs/marginfi/src/state/marginfi_group.rs index ead16d9d..f977518e 100644 --- a/programs/marginfi/src/state/marginfi_group.rs +++ b/programs/marginfi/src/state/marginfi_group.rs @@ -441,6 +441,32 @@ impl Bank { Ok(()) } + pub fn check_deposit_borrow_limits(&self) -> MarginfiResult { + debug!("=== check_deposit_borrow_limits ==="); + if self.config.is_deposit_limit_active() && self.config.is_borrow_limit_active() { + let total_deposits_amount = self.get_asset_amount(self.total_asset_shares.into())?; + let deposit_limit = I80F48::from_num(self.config.deposit_limit); + let total_liability_amount = + self.get_liability_amount(self.total_liability_shares.into())?; + let borrow_limit = I80F48::from_num(self.config.borrow_limit); + + debug!("total_deposits_amount: {}", total_deposits_amount); + debug!("deposit_limit: {}", deposit_limit); + debug!("total_liability_amount: {}", total_liability_amount); + debug!("borrow_limit: {}", borrow_limit); + + check!( + total_deposits_amount < deposit_limit, + crate::prelude::MarginfiError::BankAssetCapacityExceeded + ); + check!( + total_liability_amount < borrow_limit, + crate::prelude::MarginfiError::BankLiabilityCapacityExceeded + ) + } + Ok(()) + } + pub fn maybe_get_asset_weight_init_discount( &self, price: I80F48, diff --git a/programs/marginfi/tests/user_actions/flash_loan.rs b/programs/marginfi/tests/user_actions/flash_loan.rs index bf7b0f29..29481754 100644 --- a/programs/marginfi/tests/user_actions/flash_loan.rs +++ b/programs/marginfi/tests/user_actions/flash_loan.rs @@ -18,6 +18,9 @@ use solana_sdk::{ // 7. Flashloan fails because of invalid `end_flashloan` ix order // 8. Flashloan fails because `end_flashloan` ix is for another account // 9. Flashloan fails because account is already in a flashloan +// 10. Flashloan success (1 action) defer deposit/borrow limit checks to the end_flashloan ix + + #[tokio::test] async fn flashloan_success_1op() -> anyhow::Result<()> { @@ -535,3 +538,52 @@ async fn flashloan_fail_already_in_flashloan() -> anyhow::Result<()> { Ok(()) } + +#[tokio::test] +async fn flashloan_success_defer_deposit_borrow_limit_check() -> anyhow::Result<()> { + // Setup test executor with non-admin payer + let test_f = TestFixture::new(Some(TestSettings::all_banks_payer_not_admin())).await; + + let sol_bank = test_f.get_bank(&BankMint::Sol); + + // Fund SOL lender + let lender_mfi_account_f = test_f.create_marginfi_account().await; + let lender_token_account_f_sol = test_f + .sol_mint + .create_token_account_and_mint_to(1_000) + .await; + lender_mfi_account_f + .try_bank_deposit(lender_token_account_f_sol.key, sol_bank, 1_000) + .await?; + + // Fund SOL borrower + let borrower_mfi_account_f = test_f.create_marginfi_account().await; + + borrower_mfi_account_f + .try_set_flag(FLASHLOAN_ENABLED_FLAG) + .await?; + + let borrower_token_account_f_sol = test_f.sol_mint.create_empty_token_account().await; + + // Borrow SOL + let borrow_ix = borrower_mfi_account_f + .make_bank_borrow_ix(borrower_token_account_f_sol.key, sol_bank, 1_000) + .await; + + let repay_ix = borrower_mfi_account_f + .make_bank_repay_ix( + borrower_token_account_f_sol.key, + sol_bank, + 1_000, + Some(true), + ) + .await; + + let flash_loan_result = borrower_mfi_account_f + .try_flashloan(vec![borrow_ix, repay_ix], vec![], vec![sol_bank.key]) + .await; + + assert!(flash_loan_result.is_ok()); + + Ok(()) +} \ No newline at end of file