Merge branch 'lash/use-timestamps' into 'master'

Use timestamps instead of blocks

See merge request grassrootseconomics/sarafu-token!4
This commit is contained in:
Louis Holbrook 2021-02-06 14:18:30 +00:00
commit cf6fd57672
5 changed files with 584 additions and 125 deletions

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@ -3,6 +3,7 @@ import os
import unittest
import json
import logging
import datetime
# third-party imports
import web3
@ -18,9 +19,11 @@ logging.getLogger('eth.vm').setLevel(logging.WARNING)
testdir = os.path.dirname(__file__)
#BLOCKTIME = 5 # seconds
TAX_LEVEL = 10000 * 2 # 2%
TAX_LEVEL = int(10000 * 2) # 2%
# calc "1-(0.98)^(1/518400)" <- 518400 = 30 days of blocks
# 0.00000003897127107225
#PERIOD = int(60/BLOCKTIME) * 60 * 24 * 30 # month
PERIOD = 10
PERIOD = 1
class Test(unittest.TestCase):
@ -48,12 +51,15 @@ class Test(unittest.TestCase):
self.sink_address = self.w3.eth.accounts[9]
c = self.w3.eth.contract(abi=self.abi, bytecode=self.bytecode)
tx_hash = c.constructor('Foo Token', 'FOO', 6, TAX_LEVEL, PERIOD, self.sink_address).transact({'from': self.w3.eth.accounts[0]})
tx_hash = c.constructor('Foo Token', 'FOO', 6, TAX_LEVEL * (10 ** 32), PERIOD, self.sink_address).transact({'from': self.w3.eth.accounts[0]})
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.contract = self.w3.eth.contract(abi=self.abi, address=r.contractAddress)
self.start_block = self.w3.eth.blockNumber
b = self.w3.eth.getBlock(self.start_block)
self.start_time = b['timestamp']
def tearDown(self):
pass
@ -61,10 +67,31 @@ class Test(unittest.TestCase):
def test_hello(self):
self.assertEqual(self.contract.functions.actualPeriod().call(), 1)
self.eth_tester.mine_blocks(PERIOD)
self.eth_tester.time_travel(self.start_time + 61)
self.assertEqual(self.contract.functions.actualPeriod().call(), 2)
def test_apply_demurrage(self):
modifier = 10 * (10 ** 37)
demurrage_modifier = self.contract.functions.demurrageModifier().call()
demurrage_modifier &= (1 << 128) - 1
self.assertEqual(modifier, demurrage_modifier)
self.eth_tester.time_travel(self.start_time + 59)
demurrage_modifier = self.contract.functions.demurrageModifier().call()
demurrage_modifier &= (1 << 128) - 1
self.assertEqual(modifier, demurrage_modifier)
self.eth_tester.time_travel(self.start_time + 61)
tx_hash = self.contract.functions.applyDemurrage().transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
demurrage_modifier = self.contract.functions.demurrageModifier().call()
demurrage_modifier &= (1 << 128) - 1
self.assertEqual(int(98 * (10 ** 36)), demurrage_modifier)
def test_mint(self):
tx_hash = self.contract.functions.mintTo(self.w3.eth.accounts[1], 1024).transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
@ -80,6 +107,26 @@ class Test(unittest.TestCase):
balance = self.contract.functions.balanceOf(self.w3.eth.accounts[1]).call()
self.assertEqual(balance, 2000)
self.eth_tester.time_travel(self.start_time + 61)
balance = self.contract.functions.balanceOf(self.w3.eth.accounts[1]).call()
self.assertEqual(balance, int(2000 * 0.98))
def test_base_amount(self):
tx_hash = self.contract.functions.mintTo(self.w3.eth.accounts[1], 1000).transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.assertEqual(r.status, 1)
self.eth_tester.time_travel(self.start_time + 61)
self.contract.functions.applyDemurrage().transact()
demurrage_modifier = self.contract.functions.demurrageModifier().call()
demurrage_amount = self.contract.functions.toDemurrageAmount(demurrage_modifier).call()
logg.debug('d {} {}'.format(demurrage_modifier.to_bytes(32, 'big').hex(), demurrage_amount))
a = self.contract.functions.toBaseAmount(1000).call();
self.assertEqual(a, 1020)
def test_transfer(self):
tx_hash = self.contract.functions.mintTo(self.w3.eth.accounts[1], 1024).transact()
@ -128,60 +175,5 @@ class Test(unittest.TestCase):
self.assertEqual(balance_alice, 500)
def test_apply_tax(self):
self.eth_tester.mine_blocks(PERIOD)
tx_hash = self.contract.functions.applyTax().transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.assertEqual(self.contract.functions.redistributionCount().call(), 2)
self.assertEqual(self.contract.functions.demurrageModifier().call(), 980000)
self.eth_tester.mine_blocks(PERIOD)
tx_hash = self.contract.functions.applyTax().transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.assertEqual(self.contract.functions.redistributionCount().call(), 3)
self.assertEqual(self.contract.functions.demurrageModifier().call(), 960400)
def test_tax_balance(self):
tx_hash = self.contract.functions.mintTo(self.w3.eth.accounts[1], 1000).transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.assertEqual(r.status, 1)
self.eth_tester.mine_blocks(PERIOD)
tx_hash = self.contract.functions.applyTax().transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.assertEqual(r.status, 1)
balance = self.contract.functions.balanceOf(self.w3.eth.accounts[1]).call()
self.assertEqual(balance, 980)
def test_taxed_transfer(self):
tx_hash = self.contract.functions.mintTo(self.w3.eth.accounts[1], 1000000).transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.assertEqual(r.status, 1)
self.eth_tester.mine_blocks(PERIOD)
tx_hash = self.contract.functions.applyTax().transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.assertEqual(r.status, 1)
balance_alice = self.contract.functions.balanceOf(self.w3.eth.accounts[1]).call()
self.assertEqual(balance_alice, 980000)
tx_hash = self.contract.functions.transfer(self.w3.eth.accounts[2], 500000).transact({'from': self.w3.eth.accounts[1]})
r = self.w3.eth.getTransactionReceipt(tx_hash)
logg.debug('r {}'.format(r))
self.assertEqual(r.status, 1)
balance_alice = self.contract.functions.balanceOf(self.w3.eth.accounts[1]).call()
balance_alice_trunc = int(balance_alice/1000)*1000
self.assertEqual(balance_alice_trunc, 480000)
balance_bob = self.contract.functions.balanceOf(self.w3.eth.accounts[2]).call()
balance_bob_trunc = int(balance_bob/1000)*1000
self.assertEqual(balance_bob_trunc, 500000)
if __name__ == '__main__':
unittest.main()

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@ -0,0 +1,80 @@
# standard imports
import os
import unittest
import json
import logging
# third-party imports
import web3
import eth_tester
import eth_abi
logging.basicConfig(level=logging.DEBUG)
logg = logging.getLogger()
logging.getLogger('web3').setLevel(logging.WARNING)
logging.getLogger('eth.vm').setLevel(logging.WARNING)
testdir = os.path.dirname(__file__)
#BLOCKTIME = 5 # seconds
TAX_LEVEL = 10000 * 2 # 2%
#PERIOD = int(60/BLOCKTIME) * 60 * 24 * 30 # month
PERIOD = 1
class Test(unittest.TestCase):
contract = None
def setUp(self):
eth_params = eth_tester.backends.pyevm.main.get_default_genesis_params({
'gas_limit': 9000000,
})
f = open(os.path.join(testdir, '../../solidity/RedistributedDemurrageToken.bin'), 'r')
self.bytecode = f.read()
f.close()
f = open(os.path.join(testdir, '../../solidity/RedistributedDemurrageToken.json'), 'r')
self.abi = json.load(f)
f.close()
backend = eth_tester.PyEVMBackend(eth_params)
self.eth_tester = eth_tester.EthereumTester(backend)
provider = web3.Web3.EthereumTesterProvider(self.eth_tester)
self.w3 = web3.Web3(provider)
self.sink_address = self.w3.eth.accounts[9]
c = self.w3.eth.contract(abi=self.abi, bytecode=self.bytecode)
tx_hash = c.constructor('Foo Token', 'FOO', 6, TAX_LEVEL * (10 ** 32), PERIOD, self.sink_address).transact({'from': self.w3.eth.accounts[0]})
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.contract = self.w3.eth.contract(abi=self.abi, address=r.contractAddress)
self.start_block = self.w3.eth.blockNumber
b = self.w3.eth.getBlock(self.start_block)
self.start_time = b['timestamp']
def tearDown(self):
pass
def test_period(self):
tx_hash = self.contract.functions.mintTo(self.w3.eth.accounts[1], 1024).transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.assertEqual(r.status, 1)
self.eth_tester.time_travel(self.start_time + 61)
tx_hash = self.contract.functions.changePeriod().transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.assertEqual(r.status, 1)
redistribution = self.contract.functions.redistributions(1).call()
self.assertEqual(2, self.contract.functions.toRedistributionPeriod(redistribution).call())
self.assertEqual(2, self.contract.functions.actualPeriod().call())
if __name__ == '__main__':
unittest.main()

107
python/tests/test_pure.py Normal file
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@ -0,0 +1,107 @@
# standard imports
import os
import unittest
import json
import logging
import math
# third-party imports
import web3
import eth_tester
import eth_abi
logging.basicConfig(level=logging.DEBUG)
logg = logging.getLogger()
logging.getLogger('web3').setLevel(logging.WARNING)
logging.getLogger('eth.vm').setLevel(logging.WARNING)
testdir = os.path.dirname(__file__)
#BLOCKTIME = 5 # seconds
TAX_LEVEL = int((10000 * 2) * (10 ** 32)) # 2%
PERIOD = 10
class Test(unittest.TestCase):
contract = None
def setUp(self):
eth_params = eth_tester.backends.pyevm.main.get_default_genesis_params({
'gas_limit': 9000000,
})
f = open(os.path.join(testdir, '../../solidity/RedistributedDemurrageToken.bin'), 'r')
self.bytecode = f.read()
f.close()
f = open(os.path.join(testdir, '../../solidity/RedistributedDemurrageToken.json'), 'r')
self.abi = json.load(f)
f.close()
backend = eth_tester.PyEVMBackend(eth_params)
self.eth_tester = eth_tester.EthereumTester(backend)
provider = web3.Web3.EthereumTesterProvider(self.eth_tester)
self.w3 = web3.Web3(provider)
self.sink_address = self.w3.eth.accounts[9]
c = self.w3.eth.contract(abi=self.abi, bytecode=self.bytecode)
tx_hash = c.constructor('Foo Token', 'FOO', 6, TAX_LEVEL, PERIOD, self.sink_address).transact({'from': self.w3.eth.accounts[0]})
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.contract = self.w3.eth.contract(abi=self.abi, address=r.contractAddress)
self.start_block = self.w3.eth.blockNumber
def tearDown(self):
pass
def test_tax_period(self):
t = self.contract.functions.taxLevel().call()
logg.debug('taxlevel {}'.format(t))
a = self.contract.functions.toTaxPeriodAmount(1000000, 0).call()
self.assertEqual(a, 1000000)
a = self.contract.functions.toTaxPeriodAmount(1000000, 1).call()
self.assertEqual(a, 980000)
a = self.contract.functions.toTaxPeriodAmount(1000000, 2).call()
self.assertEqual(a, 960400)
a = self.contract.functions.toTaxPeriodAmount(980000, 1).call()
self.assertEqual(a, 960400)
def test_fractional_state(self):
with self.assertRaises(eth_tester.exceptions.TransactionFailed):
self.contract.functions.remainder(2, 1).call();
with self.assertRaises(eth_tester.exceptions.TransactionFailed):
remainder = self.contract.functions.remainder(0, 100001).call();
remainder = self.contract.functions.remainder(1, 2).call();
self.assertEqual(remainder, 0);
whole = 5000001
parts = 20000
expect = whole - (math.floor(whole/parts) * parts)
remainder = self.contract.functions.remainder(parts, whole).call();
self.assertEqual(remainder, expect)
parts = 30000
expect = whole - (math.floor(whole/parts) * parts)
remainder = self.contract.functions.remainder(parts, whole).call();
self.assertEqual(remainder, expect)
parts = 40001
expect = whole - (math.floor(whole/parts) * parts)
remainder = self.contract.functions.remainder(parts, whole).call();
self.assertEqual(remainder, expect)
if __name__ == '__main__':
unittest.main()

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@ -0,0 +1,198 @@
# standard imports
import os
import unittest
import json
import logging
# third-party imports
import web3
import eth_tester
import eth_abi
logging.basicConfig(level=logging.DEBUG)
logg = logging.getLogger()
logging.getLogger('web3').setLevel(logging.WARNING)
logging.getLogger('eth.vm').setLevel(logging.WARNING)
testdir = os.path.dirname(__file__)
#BLOCKTIME = 5 # seconds
TAX_LEVEL = 10000 * 2 # 2%
#PERIOD = int(60/BLOCKTIME) * 60 * 24 * 30 # month
PERIOD = 1
class Test(unittest.TestCase):
contract = None
def setUp(self):
eth_params = eth_tester.backends.pyevm.main.get_default_genesis_params({
'gas_limit': 9000000,
})
f = open(os.path.join(testdir, '../../solidity/RedistributedDemurrageToken.bin'), 'r')
self.bytecode = f.read()
f.close()
f = open(os.path.join(testdir, '../../solidity/RedistributedDemurrageToken.json'), 'r')
self.abi = json.load(f)
f.close()
backend = eth_tester.PyEVMBackend(eth_params)
self.eth_tester = eth_tester.EthereumTester(backend)
provider = web3.Web3.EthereumTesterProvider(self.eth_tester)
self.w3 = web3.Web3(provider)
self.sink_address = self.w3.eth.accounts[9]
c = self.w3.eth.contract(abi=self.abi, bytecode=self.bytecode)
tx_hash = c.constructor('Foo Token', 'FOO', 6, TAX_LEVEL * (10 ** 32), PERIOD, self.sink_address).transact({'from': self.w3.eth.accounts[0]})
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.contract = self.w3.eth.contract(abi=self.abi, address=r.contractAddress)
self.start_block = self.w3.eth.blockNumber
b = self.w3.eth.getBlock(self.start_block)
self.start_time = b['timestamp']
def tearDown(self):
pass
def debug_periods(self):
pactual = self.contract.functions.actualPeriod().call()
pstart = self.contract.functions.periodStart().call()
pduration = self.contract.functions.periodDuration().call()
blocknumber = self.w3.eth.blockNumber;
logg.debug('actual {} start {} duration {} blocknumber {}'.format(pactual, pstart, pduration, blocknumber))
# TODO: check receipt log outputs
def test_redistribution_storage(self):
self.contract.functions.mintTo(self.w3.eth.accounts[1], 1000000).transact()
self.contract.functions.mintTo(self.w3.eth.accounts[2], 1000000).transact()
external_address = web3.Web3.toChecksumAddress('0x' + os.urandom(20).hex())
tx_hash = self.contract.functions.transfer(external_address, 1000000).transact({'from': self.w3.eth.accounts[2]})
tx_hash = self.contract.functions.transfer(external_address, 999999).transact({'from': self.w3.eth.accounts[1]})
r = self.w3.eth.getTransactionReceipt(tx_hash)
logg.debug('tx before {}'.format(r))
self.assertEqual(r.status, 1)
self.eth_tester.time_travel(self.start_time + 61)
redistribution = self.contract.functions.redistributions(0).call();
self.assertEqual(redistribution.hex(), '000000000100000000000000000000000000000000001e848000000000000001')
tx_hash = self.contract.functions.mintTo(self.w3.eth.accounts[0], 1000000).transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.assertEqual(r.status, 1)
redistribution = self.contract.functions.redistributions(1).call()
self.assertEqual(redistribution.hex(), '000000000000000000000000000000000000000000002dc6c000000000000002')
def test_redistribution_balance_on_zero_participants(self):
supply = 1000000000000
tx_hash = self.contract.functions.mintTo(self.w3.eth.accounts[1], supply).transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
self.eth_tester.time_travel(self.start_time + 61)
tx_hash = self.contract.functions.applyDemurrage().transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
logg.debug('r {}'.format(r))
self.assertEqual(r.status, 1)
tx_hash = self.contract.functions.changePeriod().transact()
rr = self.w3.eth.getTransactionReceipt(tx_hash)
self.assertEqual(rr.status, 1)
redistribution = self.contract.functions.redistributions(0).call();
supply = self.contract.functions.totalSupply().call()
sink_increment = int(supply * (TAX_LEVEL / 1000000))
for l in r['logs']:
if l.topics[0].hex() == '0xa0717e54e02bd9829db5e6e998aec0ae9de796b8d150a3cc46a92ab869697755': # event Decayed(uint256,uint256,uint256,uint256)
period = int.from_bytes(l.topics[1], 'big')
self.assertEqual(period, 2)
b = bytes.fromhex(l.data[2:])
remainder = int.from_bytes(b, 'big')
self.assertEqual(remainder, int((1000000 - TAX_LEVEL) * (10 ** 32)))
logg.debug('period {} remainder {}'.format(period, remainder))
sink_balance = self.contract.functions.balanceOf(self.sink_address).call()
logg.debug('{} {}'.format(sink_increment, sink_balance))
self.assertEqual(sink_balance, int(sink_increment * 0.98))
self.assertEqual(sink_balance, int(sink_increment * (1000000 - TAX_LEVEL) / 1000000))
balance = self.contract.functions.balanceOf(self.w3.eth.accounts[1]).call()
self.assertEqual(balance, supply - sink_increment)
def test_redistribution_two_of_ten(self):
mint_amount = 100000000
z = 0
for i in range(10):
self.contract.functions.mintTo(self.w3.eth.accounts[i], mint_amount).transact()
z += mint_amount
initial_balance = self.contract.functions.balanceOf(self.w3.eth.accounts[1]).call()
spend_amount = 1000000
external_address = web3.Web3.toChecksumAddress('0x' + os.urandom(20).hex())
self.contract.functions.transfer(external_address, spend_amount).transact({'from': self.w3.eth.accounts[1]})
tx_hash = self.contract.functions.transfer(external_address, spend_amount).transact({'from': self.w3.eth.accounts[2]})
r = self.w3.eth.getTransactionReceipt(tx_hash)
# No cheating!
self.contract.functions.transfer(self.w3.eth.accounts[3], spend_amount).transact({'from': self.w3.eth.accounts[3]})
# Cheapskate!
self.contract.functions.transfer(external_address, spend_amount-1).transact({'from': self.w3.eth.accounts[4]})
self.assertEqual(r.status, 1)
self.eth_tester.time_travel(self.start_time + 61)
self.contract.functions.applyDemurrage().transact()
self.contract.functions.changePeriod().transact()
bummer_balance = self.contract.functions.balanceOf(self.w3.eth.accounts[3]).call()
self.assertEqual(bummer_balance, mint_amount - (mint_amount * (TAX_LEVEL / 1000000)))
logg.debug('bal {} '.format(bummer_balance))
bummer_balance = self.contract.functions.balanceOf(self.w3.eth.accounts[1]).call()
spender_balance = mint_amount - spend_amount
spender_decayed_balance = int(spender_balance - (spender_balance * (TAX_LEVEL / 1000000)))
self.assertEqual(bummer_balance, spender_decayed_balance)
logg.debug('bal {} '.format(bummer_balance))
tx_hash = self.contract.functions.applyRedistributionOnAccount(self.w3.eth.accounts[1]).transact()
r = self.w3.eth.getTransactionReceipt(tx_hash)
logg.debug('log {}'.format(r.logs))
self.contract.functions.applyRedistributionOnAccount(self.w3.eth.accounts[2]).transact()
redistribution_data = self.contract.functions.redistributions(0).call()
logg.debug('redist data {}'.format(redistribution_data.hex()))
account_period_data = self.contract.functions.accountPeriod(self.w3.eth.accounts[1]).call()
logg.debug('account period {}'.format(account_period_data))
actual_period = self.contract.functions.actualPeriod().call()
logg.debug('period {}'.format(actual_period))
redistribution = int((z / 2) * (TAX_LEVEL / 1000000))
spender_new_base_balance = ((mint_amount - spend_amount) + redistribution)
spender_new_decayed_balance = int(spender_new_base_balance - (spender_new_base_balance * (TAX_LEVEL / 1000000)))
spender_actual_balance = self.contract.functions.balanceOf(self.w3.eth.accounts[1]).call()
logg.debug('rrr {} {}'.format(redistribution, spender_new_decayed_balance))
self.assertEqual(spender_actual_balance, spender_new_decayed_balance)
if __name__ == '__main__':
unittest.main()

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@ -6,15 +6,17 @@ pragma solidity > 0.6.11;
contract RedistributedDemurrageToken {
address public owner;
uint256 public decimals;
string public name;
string public symbol;
uint256 public decimals;
uint256 public totalSupply;
uint256 public minimumParticipantSpend;
uint256 constant ppmDivider = 100000000000000000000000000000000;
uint256 public periodStart;
uint256 public periodDuration;
uint256 public taxLevel; // PPM
uint256 public demurrageModifier; // PPM
uint256 public immutable periodStart; // timestamp
uint256 public immutable periodDuration; // duration in SECONDS
uint256 public immutable taxLevel; // PPM per MINUTE
uint256 public demurrageModifier; // PPM uint128(block) | uint128(ppm)
bytes32[] public redistributions; // uint1(isFractional) | uint1(unused) | uint38(participants) | uint160(value) | uint56(period)
mapping (address => bytes32) account; // uint20(unused) | uint56(period) | uint160(value)
@ -27,22 +29,24 @@ contract RedistributedDemurrageToken {
event Approval(address indexed _owner, address indexed _spender, uint256 _value);
event Mint(address indexed _minter, address indexed _beneficiary, uint256 _value);
//event Debug(uint256 _foo);
event Taxed(uint256 indexed _period, uint256 remainder);
event Decayed(uint256 indexed _period, uint256 indexed _periodCount, uint256 indexed _oldAmount, uint256 _newAmount);
event Redistribution(address indexed _account, uint256 indexed _period, uint256 _value);
constructor(string memory _name, string memory _symbol, uint8 _decimals, uint32 _taxLevel, uint256 _period, address _defaultSinkAddress) public {
constructor(string memory _name, string memory _symbol, uint8 _decimals, uint256 _taxLevelMinute, uint256 _periodMinutes, address _defaultSinkAddress) public {
owner = msg.sender;
minter[owner] = true;
periodStart = block.number;
periodDuration = _period;
taxLevel = _taxLevel;
periodStart = block.timestamp;
periodDuration = _periodMinutes * 60;
name = _name;
symbol = _symbol;
decimals = _decimals;
demurrageModifier = 1000000;
demurrageModifier = ppmDivider * 1000000; // Emulates 38 decimal places
demurrageModifier |= (1 << 128);
taxLevel = _taxLevelMinute; // 38 decimal places
sinkAddress = _defaultSinkAddress;
bytes32 initialRedistribution = toRedistribution(0, 0, 1);
redistributions.push(initialRedistribution);
minimumParticipantSpend = 10 ** uint256(_decimals);
}
// Given address will be allowed to call the mintTo() function
@ -54,10 +58,21 @@ contract RedistributedDemurrageToken {
/// ERC20
function balanceOf(address _account) public view returns (uint256) {
uint256 baseBalance = getBaseBalance(_account);
uint256 inverseModifier = 1000000 - demurrageModifier;
uint256 balanceModifier = (inverseModifier * baseBalance) / 1000000;
return baseBalance - balanceModifier;
uint256 baseBalance;
uint256 anchorDemurrageAmount;
uint256 anchorDemurragePeriod;
uint256 currentDemurrageAmount;
uint256 periodCount;
baseBalance = getBaseBalance(_account);
anchorDemurrageAmount = toDemurrageAmount(demurrageModifier);
anchorDemurragePeriod = toDemurragePeriod(demurrageModifier);
periodCount = actualPeriod() - toDemurragePeriod(demurrageModifier);
currentDemurrageAmount = toTaxPeriodAmount(anchorDemurrageAmount, periodCount);
return (baseBalance * currentDemurrageAmount) / (ppmDivider * 1000000);
}
/// Balance unmodified by demurrage
@ -70,6 +85,10 @@ contract RedistributedDemurrageToken {
uint256 oldBalance;
uint256 newBalance;
if (_delta == 0) {
return false;
}
oldBalance = getBaseBalance(_account);
newBalance = oldBalance + _delta;
require(uint160(newBalance) > uint160(oldBalance), 'ERR_WOULDWRAP'); // revert if increase would result in a wrapped value
@ -83,6 +102,10 @@ contract RedistributedDemurrageToken {
uint256 oldBalance;
uint256 newBalance;
if (_delta == 0) {
return false;
}
oldBalance = getBaseBalance(_account);
require(oldBalance >= _delta, 'ERR_OVERSPEND'); // overspend guard
newBalance = oldBalance - _delta;
@ -96,8 +119,8 @@ contract RedistributedDemurrageToken {
function mintTo(address _beneficiary, uint256 _amount) external returns (bool) {
require(minter[msg.sender]);
// TODO: get base amount for minting
applyTax();
applyDemurrage();
changePeriod();
totalSupply += _amount;
increaseBaseBalance(_beneficiary, _amount);
emit Mint(msg.sender, _beneficiary, _amount);
@ -162,7 +185,7 @@ contract RedistributedDemurrageToken {
// Get the demurrage period of the current block number
function actualPeriod() public view returns (uint256) {
return (block.number - periodStart) / periodDuration + 1;
return (block.timestamp - periodStart) / periodDuration + 1;
}
// Add an entered demurrage period to the redistribution array
@ -198,7 +221,7 @@ contract RedistributedDemurrageToken {
uint256 truncatedResult;
if (_numParts == 0) { // no division by zero please
return _sumWhole;
revert('ERR_NUMPARTS_ZERO');
}
require(_numParts < _sumWhole); // At least you are never LESS than the sum of your parts. Think about that.
@ -207,24 +230,79 @@ contract RedistributedDemurrageToken {
return _sumWhole - truncatedResult;
}
// Called in the edge case where participant number is 0. It will override the participant count to 1.
// Returns the remainder sent to the sink address
function applyDefaultRedistribution(bytes32 _redistribution) private returns (uint256) {
uint256 redistributionSupply;
uint256 redistributionPeriod;
uint256 unit;
uint256 truncatedResult;
redistributionSupply = toRedistributionSupply(_redistribution);
unit = (redistributionSupply * taxLevel) / 1000000;
truncatedResult = (unit * 1000000) / taxLevel;
if (truncatedResult < redistributionSupply) {
redistributionPeriod = toRedistributionPeriod(_redistribution); // since we reuse period here, can possibly be optimized by passing period instead
redistributions[redistributionPeriod-1] &= 0x0000000000ffffffffffffffffffffffffffffffffffffffffffffffffffffff; // just to be safe, zero out all participant count data, in this case there will be only one
redistributions[redistributionPeriod-1] |= 0x8000000001000000000000000000000000000000000000000000000000000000;
}
increaseBaseBalance(sinkAddress, unit / ppmDivider); //truncatedResult);
return unit;
}
// sets the remainder bit for the given period and books the remainder to the sink address balance
// returns false if no change was made
function applyRemainderOnPeriod(uint256 _remainder, uint256 _period) private returns (bool) {
bytes32 redistribution;
redistribution = redistributions[_period-1];
uint256 periodSupply;
if (_remainder == 0) {
return false;
}
redistribution |= 0x8000000000000000000000000000000000000000000000000000000000000000;
increaseBaseBalance(sinkAddress, _remainder);
redistributions[_period-1] |= 0x8000000000000000000000000000000000000000000000000000000000000000;
periodSupply = toRedistributionSupply(redistributions[_period-1]);
increaseBaseBalance(sinkAddress, periodSupply - _remainder);
return true;
}
function toDemurrageAmount(uint256 _demurrage) public pure returns (uint256) {
return _demurrage & 0x00000000000000000000000000000000ffffffffffffffffffffffffffffffff;
}
function toDemurragePeriod(uint256 _demurrage) public pure returns (uint256) {
return (_demurrage & 0xffffffffffffffffffffffffffffffff00000000000000000000000000000000) >> 128;
}
function applyDemurrage() public returns (bool) {
uint256 epochPeriodCount;
uint256 periodCount;
uint256 lastDemurrageAmount;
uint256 newDemurrageAmount;
epochPeriodCount = actualPeriod();
//epochPeriodCount = (block.timestamp - periodStart) / periodDuration; // toDemurrageTime(demurrageModifier);
periodCount = epochPeriodCount - toDemurragePeriod(demurrageModifier);
if (periodCount == 0) {
return false;
}
lastDemurrageAmount = toDemurrageAmount(demurrageModifier);
newDemurrageAmount = toTaxPeriodAmount(lastDemurrageAmount, periodCount);
demurrageModifier = 0;
demurrageModifier |= (newDemurrageAmount & 0x00000000000000000000000000000000ffffffffffffffffffffffffffffffff);
demurrageModifier |= (epochPeriodCount << 128);
emit Decayed(epochPeriodCount, periodCount, lastDemurrageAmount, newDemurrageAmount);
return true;
}
// Recalculate the demurrage modifier for the new period
// After this, all REPORTED balances will have been reduced by the corresponding ratio (but the effecive totalsupply stays the same)
function applyTax() public returns (uint256) {
//function applyTax() public returns (uint256) {
function changePeriod() public returns (uint256) {
bytes32 currentRedistribution;
bytes32 nextRedistribution;
uint256 currentPeriod;
@ -235,29 +313,33 @@ contract RedistributedDemurrageToken {
if (currentRedistribution == bytes32(0x00)) {
return demurrageModifier;
}
demurrageModifier -= (demurrageModifier * taxLevel) / 1000000;
//demurrageModifier -= (demurrageModifier * taxLevel) / 1000000;
currentPeriod = toRedistributionPeriod(currentRedistribution);
nextRedistribution = toRedistribution(0, totalSupply, currentPeriod + 1);
redistributions.push(nextRedistribution);
currentParticipants = toRedistributionParticipants(currentRedistribution);
if (currentParticipants == 0) {
currentRemainder = applyDefaultRedistribution(currentRedistribution);
} else {
currentRemainder = remainder(currentParticipants, totalSupply); // we can use totalSupply directly because it will always be the same as the recorded supply on the current redistribution
applyRemainderOnPeriod(currentRemainder, currentPeriod);
emit Taxed(currentPeriod, currentRemainder);
}
return demurrageModifier;
}
// Calculate a value reduced by demurrage by the given period
function toTaxPeriodAmount(uint256 _value, uint256 _period) public view returns (uint256) {
uint256 valueFactor;
uint256 truncatedTaxLevel;
// TODO: doesn't work for solidity as floats are missing and using ints linearly increases the order of magnitude
// valueFactor = 1000000 * (((1000000-taxLevel)/1000000) ** _period);
// TODO: if can't get to work, reverse the iteration from current period.
valueFactor = 1000000;
for (uint256 i = 0; i < _period; i++) {
valueFactor = (valueFactor * taxLevel) / 1000000;
}
truncatedTaxLevel = taxLevel / ppmDivider;
for (uint256 i = 0; i < _period; i++) {
valueFactor = valueFactor - ((valueFactor * truncatedTaxLevel) / 1000000);
}
return (valueFactor * _value) / 1000000;
}
@ -282,9 +364,8 @@ contract RedistributedDemurrageToken {
}
supply = toRedistributionSupply(periodRedistribution);
// TODO: Make sure value for balance increases round down, and that we can do a single allocation to a sink account with the difference. We can use the highest bit in "participants" for that.
baseValue = supply / participants;
value = toTaxPeriodAmount(baseValue, period-1);
baseValue = ((supply / participants) * (taxLevel / 1000000)) / ppmDivider;
value = toTaxPeriodAmount(baseValue, period - 1);
account[_account] &= bytes32(0x000000000000000000000000ffffffffffffffffffffffffffffffffffffffff);
increaseBaseBalance(_account, value);
@ -295,7 +376,21 @@ contract RedistributedDemurrageToken {
// Inflates the given amount according to the current demurrage modifier
function toBaseAmount(uint256 _value) public view returns (uint256) {
return (_value * 1000000) / demurrageModifier;
return (_value * ppmDivider * 1000000) / toDemurrageAmount(demurrageModifier);
}
// ERC20, triggers tax and/or redistribution
function approve(address _spender, uint256 _value) public returns (bool) {
uint256 baseValue;
applyDemurrage();
changePeriod();
applyRedistributionOnAccount(msg.sender);
baseValue = toBaseAmount(_value);
allowance[msg.sender][_spender] += baseValue;
emit Approval(msg.sender, _spender, _value);
return true;
}
// ERC20, triggers tax and/or redistribution
@ -303,7 +398,8 @@ contract RedistributedDemurrageToken {
uint256 baseValue;
bool result;
applyTax();
applyDemurrage();
changePeriod();
applyRedistributionOnAccount(msg.sender);
// TODO: Prefer to truncate the result, instead it seems to round to nearest :/
@ -313,29 +409,14 @@ contract RedistributedDemurrageToken {
return result;
}
// ERC20 transfer backend for transfer, transferFrom
function transferBase(address _from, address _to, uint256 _value) private returns (bool) {
uint256 period;
if (!decreaseBaseBalance(_from, _value)) {
revert('ERR_TX_DECREASEBALANCE');
}
if (!increaseBaseBalance(_to, _value)) {
revert('ERR_TX_INCREASEBALANCE');
}
period = actualPeriod();
if (_value > 0 && accountPeriod(_from) != period) {
registerAccountPeriod(_from, period);
}
return true;
}
// ERC20, triggers tax and/or redistribution
function transferFrom(address _from, address _to, uint256 _value) public returns (bool) {
uint256 baseValue;
bool result;
applyTax();
applyDemurrage();
changePeriod();
applyRedistributionOnAccount(msg.sender);
baseValue = toBaseAmount(_value);
@ -345,16 +426,17 @@ contract RedistributedDemurrageToken {
return result;
}
// ERC20, triggers tax and/or redistribution
function approve(address _spender, uint256 _value) public returns (bool) {
uint256 baseValue;
// ERC20 transfer backend for transfer, transferFrom
function transferBase(address _from, address _to, uint256 _value) private returns (bool) {
uint256 period;
applyTax();
applyRedistributionOnAccount(msg.sender);
decreaseBaseBalance(_from, _value);
increaseBaseBalance(_to, _value);
baseValue = toBaseAmount(_value);
allowance[msg.sender][_spender] += baseValue;
emit Approval(msg.sender, _spender, _value);
period = actualPeriod();
if (_value >= minimumParticipantSpend && accountPeriod(_from) != period && _from != _to) {
registerAccountPeriod(_from, period);
}
return true;
}
}