def test_steth_positive_rebase(vault, vault_user, stranger, liquidations_admin,
steth_token, mock_bridge_connector,
withdraw_from_terra, lido_oracle_report,
steth_adjusted_ammount, helpers):
amount = 1 * 10**18
adjusted_amount = steth_adjusted_ammount(amount)
steth_token.approve(vault, amount, {'from': vault_user})
vault.submit(amount, TERRA_ADDRESS, '0xab', vault.version(),
{'from': vault_user})
assert mock_bridge_connector.terra_beth_balance_of(TERRA_ADDRESS) == amount
vault_steth_balance_before = steth_token.balanceOf(vault)
assert helpers.equal_with_precision(vault_steth_balance_before, amount, 10)
lido_oracle_report(steth_rebase_mult=1.01)
vault_steth_balance_after = steth_token.balanceOf(vault)
assert vault_steth_balance_after > vault_steth_balance_before
assert helpers.equal_with_precision(vault.get_rate(), 10**18, max_diff=100)
vault.collect_rewards({'from': liquidations_admin})
assert helpers.equal_with_precision(vault.get_rate(), 10**18, max_diff=100)
withdraw_from_terra(TERRA_ADDRESS, to_address=stranger, amount=amount)
vault.withdraw(amount, vault.version(), {'from': stranger})
assert helpers.equal_with_precision(steth_token.balanceOf(stranger),
adjusted_amount, 100)
def test_steth_rewards_after_penalties(
vault, vault_user, another_vault_user, stranger, another_stranger,
liquidations_admin, steth_token, beth_token, withdraw_from_terra,
lido_oracle_report, mock_bridge_connector, helpers,
steth_adjusted_ammount):
amount = 1 * 10**18
adjusted_amount = steth_adjusted_ammount(amount)
negative_rebase_multiplier = 0.99
positive_rebase_multiplier = 1 / negative_rebase_multiplier
steth_token.approve(vault, amount, {'from': vault_user})
vault.submit(amount, TERRA_ADDRESS, b'', vault.version(),
{'from': vault_user})
lido_oracle_report(steth_rebase_mult=negative_rebase_multiplier)
assert helpers.equal_with_precision(
vault.get_rate(), (1 / negative_rebase_multiplier) * 10**18, 100)
tx = vault.collect_rewards({'from': liquidations_admin})
helpers.assert_single_event_named('RewardsCollected',
tx,
source=vault,
evt_keys_dict={
'steth_amount': 0,
'ust_amount': 0
})
steth_token.approve(vault, amount, {'from': another_vault_user})
vault.submit(amount, ANOTHER_TERRA_ADDRESS, b'', vault.version(),
{'from': another_vault_user})
lido_oracle_report(steth_rebase_mult=positive_rebase_multiplier)
chain.mine(timedelta=3600 * 24 + 1)
vault.collect_rewards({'from': liquidations_admin})
withdraw_from_terra(
TERRA_ADDRESS,
to_address=stranger,
amount=mock_bridge_connector.terra_beth_balance_of(TERRA_ADDRESS))
vault.withdraw(beth_token.balanceOf(stranger), vault.version(),
{'from': stranger})
assert helpers.equal_with_precision(
steth_token.balanceOf(stranger),
steth_adjusted_ammount(adjusted_amount * negative_rebase_multiplier),
10**10)
withdraw_from_terra(ANOTHER_TERRA_ADDRESS,
to_address=another_stranger,
amount=mock_bridge_connector.terra_beth_balance_of(
ANOTHER_TERRA_ADDRESS))
vault.withdraw(beth_token.balanceOf(another_stranger), vault.version(),
{'from': another_stranger})
assert helpers.equal_with_precision(
steth_token.balanceOf(another_stranger), adjusted_amount, 10**10)
def test_shares_balance_decrease_liquidation(
vault, vault_user, liquidations_admin, deposit_to_terra, steth_token,
beth_token, helpers, withdraw_from_terra, lido_oracle_report):
deposit_to_terra(TERRA_ADDRESS, vault_user, amount=10**18)
lido_oracle_report(steth_rebase_mult=1)
vault.collect_rewards({'from': liquidations_admin})
withdraw_from_terra(TERRA_ADDRESS,
to_address=vault_user,
amount=0.5 * 10**18)
vault.withdraw(0.5 * 10**18, vault.version(), {'from': vault_user})
chain.mine(timedelta=3600 * 28)
vault_steth_balance_before = steth_token.balanceOf(vault)
vault_beth_balance_before = beth_token.balanceOf(vault)
lido_oracle_report(steth_rebase_mult=1.1)
vault.collect_rewards({'from': liquidations_admin})
assert beth_token.balanceOf(vault) == vault_beth_balance_before
assert helpers.equal_with_precision(steth_token.balanceOf(vault),
vault_steth_balance_before, 100)
def test_beth_io_possible_after_non_rebasing_lido_oracle_report(
vault, vault_user, lido_oracle_report, steth_token,
withdraw_from_terra):
steth_token.approve(vault, 2 * 10**18, {'from': vault_user})
assert vault.can_deposit_or_withdraw()
vault.submit(10**18, TERRA_ADDRESS, b'', vault.version(),
{'from': vault_user})
lido_oracle_report(steth_rebase_mult=1.0)
assert vault.can_deposit_or_withdraw()
vault.submit(10**18, TERRA_ADDRESS, b'', vault.version(),
{'from': vault_user})
withdraw_from_terra(TERRA_ADDRESS, to_address=vault_user, amount=10**18)
vault.withdraw(10**18, vault.version(), {'from': vault_user})
def test_beth_io_possible_after_steth_io(lido, vault, vault_user, stranger,
steth_token, withdraw_from_terra,
steth_io_amount):
steth_token.approve(vault, 2 * 10**18, {'from': vault_user})
assert vault.can_deposit_or_withdraw()
vault.submit(10**18, TERRA_ADDRESS, b'', vault.version(),
{'from': vault_user})
lido.submit(ZERO_ADDRESS, {'from': stranger, 'value': steth_io_amount})
assert vault.can_deposit_or_withdraw()
vault.submit(10**18, TERRA_ADDRESS, b'', vault.version(),
{'from': vault_user})
withdraw_from_terra(TERRA_ADDRESS, to_address=vault_user, amount=10**18)
vault.withdraw(10**18, vault.version(), {'from': vault_user})
def test_steth_negative_rebase(vault, vault_user, stranger, liquidations_admin,
steth_token, mock_bridge_connector,
withdraw_from_terra, lido_oracle_report,
steth_adjusted_ammount, helpers):
amount = 1 * 10**18
adjusted_amount = steth_adjusted_ammount(amount)
steth_token.approve(vault, amount, {'from': vault_user})
vault.submit(amount, TERRA_ADDRESS, '0xab', vault.version(),
{'from': vault_user})
assert mock_bridge_connector.terra_beth_balance_of(TERRA_ADDRESS) == amount
vault_steth_balance_before = steth_token.balanceOf(vault)
assert helpers.equal_with_precision(vault_steth_balance_before, amount, 10)
lido_oracle_report(steth_rebase_mult=0.99)
vault_steth_balance_after = steth_token.balanceOf(vault)
assert vault_steth_balance_after < vault_steth_balance_before
expected_withdraw_rate = int((1 / 0.99) * 10**18)
assert helpers.equal_with_precision(vault.get_rate(),
expected_withdraw_rate, 100)
withdraw_from_terra(TERRA_ADDRESS, to_address=stranger, amount=amount)
tx = vault.collect_rewards({'from': liquidations_admin})
helpers.assert_single_event_named('RewardsCollected',
tx,
source=vault,
evt_keys_dict={
'steth_amount': 0,
'ust_amount': 0
})
assert helpers.equal_with_precision(vault.get_rate(),
expected_withdraw_rate, 100)
vault.withdraw(amount, vault.version(), {'from': stranger})
assert helpers.equal_with_precision(
steth_token.balanceOf(stranger),
steth_adjusted_ammount(adjusted_amount * 0.99), 100)
def test_rate_changes(vault, lido_oracle_report, vault_user,
liquidations_admin, steth_token, helpers):
assert vault.get_rate() == 10**18
steth_token.approve(vault, 10**18, {'from': vault_user})
vault.submit(10**18, TERRA_ADDRESS, b'', vault.version(),
{'from': vault_user})
assert helpers.equal_with_precision(vault.get_rate(),
10**18,
max_diff=1000)
lido_oracle_report(steth_rebase_mult=1.1)
assert helpers.equal_with_precision(vault.get_rate(),
10**18,
max_diff=1000)
vault.collect_rewards({'from': liquidations_admin})
assert helpers.equal_with_precision(vault.get_rate(),
10**18,
max_diff=1000)
lido_oracle_report(steth_rebase_mult=0.9)
assert helpers.equal_with_precision(vault.get_rate(),
int((1 / 0.9) * 10**18),
max_diff=1000)
lido_oracle_report(steth_rebase_mult=1.01)
assert helpers.equal_with_precision(vault.get_rate(),
int((1 / 0.909) * 10**18),
max_diff=1000)
chain.mine(timedelta=3600 * 24 + 1)
vault.collect_rewards({'from': liquidations_admin})
assert helpers.equal_with_precision(vault.get_rate(),
int((1 / 0.909) * 10**18),
max_diff=1000)
lido_oracle_report(steth_rebase_mult=2.0)
assert helpers.equal_with_precision(vault.get_rate(),
10**18,
max_diff=1000)
chain.mine(timedelta=3600 * 24 + 1)
vault.collect_rewards({'from': liquidations_admin})
assert helpers.equal_with_precision(vault.get_rate(),
int((1 / 0.909) * 10**18),
max_diff=1000)
def test_insurance_is_not_counted_as_rewards(
vault,
vault_user,
another_vault_user,
liquidations_admin,
steth_token,
steth_adjusted_ammount,
lido_oracle_report,
apply_insurance,
helpers,
):
amount = steth_adjusted_ammount(10**18)
steth_token.approve(vault, amount, {'from': vault_user})
vault.submit(amount, TERRA_ADDRESS, b'', vault.version(),
{'from': vault_user})
vault_steth_balance_before = steth_token.balanceOf(vault)
lido_oracle_report(steth_rebase_mult=0.99)
vault.collect_rewards({'from': liquidations_admin})
assert helpers.equal_with_precision(vault.get_rate(),
int((1 / 0.99) * 10**18), 100)
chain.mine(timedelta=24 * 3600 + 1)
apply_insurance(steth_rebase_mult=1 / 0.99)
assert vault.get_rate() >= 10**18
assert helpers.equal_with_precision(vault.get_rate(),
10**18,
max_diff_percent=0.1)
tx = vault.collect_rewards({'from': liquidations_admin})
helpers.assert_single_event_named('RewardsCollected',
tx,
source=vault,
evt_keys_dict={
'steth_amount': 0,
'ust_amount': 0
})
assert helpers.equal_with_precision(vault.get_rate(),
10**18,
max_diff_percent=0.1)
def test_integrates_with_real_vault(
RewardsLiquidator,
mock_bridge_connector,
steth_token,
deployer,
admin,
vault,
vault_user,
liquidations_admin,
lido_oracle_report,
steth_adjusted_ammount,
helpers,
):
liquidator = RewardsLiquidator.deploy(
vault,
admin,
int(MAX_STETH_ETH_PRICE_DIFF_PERCENT * 10 ** 18 / 100),
int(MAX_ETH_USDC_PRICE_DIFF_PERCENT * 10 ** 18 / 100),
int(MAX_USDC_UST_PRICE_DIFF_PERCENT * 10 ** 18 / 100),
int(MAX_STETH_UST_PRICE_DIFF_PERCENT * 10 ** 18 / 100),
{"from": deployer},
)
vault.set_rewards_liquidator(liquidator, {"from": admin})
amount = 1 * 10 ** 18
adjusted_amount = steth_adjusted_ammount(amount)
steth_token.approve(vault, amount, {"from": vault_user})
vault.submit(amount, TERRA_ADDRESS, b"", vault.version(), {"from": vault_user})
assert mock_bridge_connector.terra_beth_balance_of(TERRA_ADDRESS) == adjusted_amount
lido_oracle_report(steth_rebase_mult=1.01)
tx = vault.collect_rewards({"from": liquidations_admin})
vault_evt = helpers.assert_single_event_named("RewardsCollected", tx, source=vault)
assert vault_evt["steth_amount"] > 0
assert vault_evt["ust_amount"] > 0
liquidator_evt = helpers.assert_single_event_named("SoldStethToUST", tx, source=liquidator)
assert abs(liquidator_evt["steth_amount"] - vault_evt["steth_amount"]) < 10
assert liquidator_evt["ust_amount"] == vault_evt["ust_amount"]