def create_surplus(geb: GfDeployment,
surplus_auction_house: PreSettlementSurplusAuctionHouse,
deployment_address: Address):
assert isinstance(geb, GfDeployment)
assert isinstance(surplus_auction_house, PreSettlementSurplusAuctionHouse)
assert isinstance(deployment_address, Address)
surplus = geb.safe_engine.coin_balance(geb.accounting_engine.address)
if surplus < geb.accounting_engine.surplus_buffer(
) + geb.accounting_engine.surplus_auction_amount_to_sell():
# Create a SAFE with surplus
print('Creating a SAFE with surplus')
collateral = geb.collaterals['ETH-B']
assert surplus_auction_house.auctions_started() == 0
wrap_eth(geb, deployment_address, Wad.from_number(10))
collateral.approve(deployment_address)
assert collateral.adapter.join(
deployment_address,
Wad.from_number(10)).transact(from_address=deployment_address)
wrap_modify_safe_collateralization(
geb,
collateral,
deployment_address,
delta_collateral=Wad.from_number(10),
delta_debt=Wad.from_number(300))
assert geb.tax_collector.tax_single(
collateral.collateral_type).transact(
from_address=deployment_address)
surplus = geb.safe_engine.coin_balance(geb.accounting_engine.address)
assert surplus > geb.accounting_engine.surplus_buffer(
) + geb.accounting_engine.surplus_auction_amount_to_sell()
else:
print(f'Surplus of {surplus} already exists; skipping SAFE creation')
def create_debt_auction(geb: GfDeployment, deployment_address: Address,
our_address: Address):
assert isinstance(geb, GfDeployment)
assert isinstance(deployment_address, Address)
assert isinstance(our_address, Address)
debt_auction_house = geb.debt_auction_house
print(
f"Before Debt: {geb.safe_engine.debt_balance(geb.accounting_engine.address)}"
)
if geb.accounting_engine.unqueued_unauctioned_debt(
) <= geb.accounting_engine.debt_auction_bid_size():
create_debt(geb.web3, geb, our_address, deployment_address,
geb.collaterals['ETH-A'])
print(
f"After Debt: {geb.safe_engine.debt_balance(geb.accounting_engine.address)}"
)
# start debt auction
auction_id = debt_auction_house.auctions_started()
assert auction_id == 0
assert len(debt_auction_house.active_auctions()) == 0
assert geb.safe_engine.coin_balance(
geb.accounting_engine.address) == Rad(0)
assert geb.accounting_engine.auction_debt().transact()
auction_id = debt_auction_house.auctions_started()
assert auction_id == 1
assert len(debt_auction_house.active_auctions()) == 1
check_active_auctions(debt_auction_house)
current_bid = debt_auction_house.bids(auction_id)
amount_to_sell = Wad.from_number(0.000005)
# current_bid.bid_amount = 0.001
# current_bid.amount_to_sell = 0.0001
debt_auction_house.approve(
geb.safe_engine.address,
approval_function=approve_safe_modification_directly(
from_address=our_address))
assert geb.safe_engine.safe_rights(our_address, debt_auction_house.address)
collateral = geb.collaterals['ETH-A']
wrap_eth(geb, our_address, Wad.from_number(1))
collateral.approve(our_address)
assert collateral.adapter.join(
our_address, Wad.from_number(1)).transact(from_address=our_address)
#web3.eth.defaultAccount = our_address.address
wrap_modify_safe_collateralization(geb,
collateral,
our_address,
delta_collateral=Wad.from_number(1),
delta_debt=Wad.from_number(10))
assert geb.safe_engine.coin_balance(our_address) >= current_bid.bid_amount
decrease_sold_amount(debt_auction_house, auction_id, our_address,
amount_to_sell, current_bid.bid_amount)
current_bid = debt_auction_house.bids(auction_id)
assert current_bid.high_bidder == our_address
def open_safe(geb: GfDeployment, collateral: Collateral, address: Address):
assert isinstance(geb, GfDeployment)
assert isinstance(collateral, Collateral)
assert isinstance(address, Address)
collateral.approve(address)
wrap_eth(geb, address, Wad.from_number(10))
assert collateral.adapter.join(
address, Wad.from_number(10)).transact(from_address=address)
wrap_modify_safe_collateralization(geb, collateral, address,
Wad.from_number(10),
Wad.from_number(15))
assert geb.safe_engine.global_debt() >= Rad(Wad.from_number(15))
assert geb.safe_engine.coin_balance(address) >= Rad.from_number(10)
def create_collateral_auction(geb: GfDeployment, deployment_address: Address,
our_address: Address):
assert isinstance(geb, GfDeployment)
assert isinstance(our_address, Address)
assert isinstance(deployment_address, Address)
# Create a SAFE
collateral = geb.collaterals['ETH-A']
collateral_type = collateral.collateral_type
wrap_eth(geb, deployment_address, Wad.from_number(1))
collateral.approve(deployment_address)
assert collateral.adapter.join(
deployment_address,
Wad.from_number(1)).transact(from_address=deployment_address)
wrap_modify_safe_collateralization(geb,
collateral,
deployment_address,
delta_collateral=Wad.from_number(1),
delta_debt=Wad(0))
delta_debt = max_delta_debt(geb, collateral, deployment_address) - Wad(1)
wrap_modify_safe_collateralization(geb,
collateral,
deployment_address,
delta_collateral=Wad(0),
delta_debt=delta_debt)
# Undercollateralize and bite the SAFE
to_price = Wad(geb.web3.toInt(collateral.osm.read())) / Wad.from_number(2)
set_collateral_price(geb, collateral, to_price)
safe = geb.safe_engine.safe(collateral.collateral_type, deployment_address)
collateral_type = geb.safe_engine.collateral_type(collateral_type.name)
safe = Ray(safe.generated_debt) * geb.safe_engine.collateral_type(
collateral_type.name).accumulated_rate <= Ray(
safe.locked_collateral) * collateral_type.safety_price
assert not safe
assert geb.liquidation_engine.can_liquidate(collateral.collateral_type,
SAFE(deployment_address))
assert geb.liquidation_engine.liquidate_safe(
collateral.collateral_type, SAFE(deployment_address)).transact()
auction_id = collateral.collateral_auction_house.auctions_started()
# Generate some system coin, bid on the collateral auction without covering all the debt
wrap_eth(geb, our_address, Wad.from_number(10))
collateral.approve(our_address)
assert collateral.adapter.join(
our_address, Wad.from_number(10)).transact(from_address=our_address)
geb.web3.eth.defaultAccount = our_address.address
wrap_modify_safe_collateralization(geb,
collateral,
our_address,
delta_collateral=Wad.from_number(10),
delta_debt=Wad.from_number(50))
collateral.collateral_auction_house.approve(
geb.safe_engine.address,
approval_function=approve_safe_modification_directly())
current_bid = collateral.collateral_auction_house.bids(auction_id)
safe = geb.safe_engine.safe(collateral.collateral_type, our_address)
assert Rad(safe.generated_debt) > current_bid.amount_to_raise
bid_amount = Rad.from_number(6)
if isinstance(collateral.collateral_auction_house,
EnglishCollateralAuctionHouse):
increase_bid_size(collateral.collateral_auction_house, auction_id,
our_address, current_bid.amount_to_sell, bid_amount)
elif isinstance(collateral.collateral_auction_house,
FixedDiscountCollateralAuctionHouse):
assert collateral.collateral_auction_house.get_collateral_bought(
auction_id, Wad(bid_amount)).transact(from_address=our_address)
assert collateral.collateral_auction_house.buy_collateral(
auction_id, Wad(bid_amount)).transact(from_address=our_address)
def test_flash_settle_auction(self, web3, geb, collateral,
keeper_flash_proxy,
fixed_collateral_auction_house, our_address,
other_address, deployment_address):
if not isinstance(keeper_flash_proxy, GebETHKeeperFlashProxy):
return
#collateral = geb.collaterals['ETH-A']
auctions_started_before = fixed_collateral_auction_house.auctions_started(
)
collateral_type = collateral.collateral_type
# Generate eth and join
wrap_eth(geb, deployment_address, Wad.from_number(1))
collateral.approve(deployment_address)
assert collateral.adapter.join(
deployment_address,
Wad.from_number(1)).transact(from_address=deployment_address)
# generate the maximum debt possible
wrap_modify_safe_collateralization(geb,
collateral,
deployment_address,
delta_collateral=Wad.from_number(1),
delta_debt=Wad(0))
delta_debt = max_delta_debt(geb, collateral,
deployment_address) - Wad(1)
debt_before = geb.safe_engine.safe(collateral_type,
deployment_address).generated_debt
wrap_modify_safe_collateralization(geb,
collateral,
deployment_address,
delta_collateral=Wad(0),
delta_debt=delta_debt)
# Mint and withdraw all the system coin
'''
geb.approve_system_coin(deployment_address)
assert geb.system_coin_adapter.exit(deployment_address, delta_debt).transact(from_address=deployment_address)
assert geb.system_coin.balance_of(deployment_address) == delta_debt
assert geb.safe_engine.coin_balance(deployment_address) == Rad(0)
'''
# Undercollateralize the SAFE
to_price = Wad(Web3.toInt(collateral.osm.read())) / Wad.from_number(2)
set_collateral_price(geb, collateral, to_price)
safe = geb.safe_engine.safe(collateral.collateral_type,
deployment_address)
collateral_type = geb.safe_engine.collateral_type(collateral_type.name)
# Make sure the SAFE is not safe
assert collateral_type.accumulated_rate is not None
assert collateral_type.safety_price is not None
safe = Ray(safe.generated_debt) * geb.safe_engine.collateral_type(collateral_type.name).accumulated_rate <= \
Ray(safe.locked_collateral) * collateral_type.safety_price
assert not safe
assert len(fixed_collateral_auction_house.active_auctions()) == 0
on_auction_before = geb.liquidation_engine.current_on_auction_system_coins(
)
# Ensure there is no saviour
saviour = geb.liquidation_engine.safe_saviours(
collateral.collateral_type, deployment_address)
assert saviour == Address('0x0000000000000000000000000000000000000000')
# Liquidate the SAFE
safe = geb.safe_engine.safe(collateral.collateral_type,
deployment_address)
'''
assert safe.locked_collateral > Wad(0)
generated_debt = min(safe.generated_debt, Wad(geb.liquidation_engine.liquidation_quantity(collateral_type))) # Wad
amount_to_raise = generated_debt * collateral_type.accumulated_rate # Wad
assert amount_to_raise == delta_debt
'''
# Ensure safe can be liquidated
assert geb.liquidation_engine.can_liquidate(collateral_type, safe)
assert geb.liquidation_engine.liquidate_safe(collateral_type,
safe).transact()
liquidated_id = collateral.collateral_auction_house.auctions_started()
assert liquidated_id == auctions_started_before + 1
eth_before = web3.eth.getBalance(our_address.address)
# liquidate and settle
#assert collateral.keeper_flash_proxy.liquidate_and_settle_safe(safe).transact(gas=800000, from_address=our_address)
assert collateral.keeper_flash_proxy.settle_auction(
liquidated_id).transact(from_address=our_address)
eth_after = web3.eth.getBalance(our_address.address)
print(f"Ether profit {(eth_after - eth_before)/1000000000000000000}")
assert eth_after > eth_before
# Ensure auction was started
auction_id = fixed_collateral_auction_house.auctions_started()
assert auction_id == auctions_started_before + 1
assert len(fixed_collateral_auction_house.active_auctions()) == 0
# Check safe_engine, accounting_engine, and liquidation_engine
liquidations = geb.liquidation_engine.past_liquidations(1)
assert len(liquidations) == 1
last_liquidation = liquidations[0]
assert last_liquidation.amount_to_raise > Rad(0)
# Check the fixed_collateral_auction_house
current_bid = fixed_collateral_auction_house.bids(auction_id)
assert isinstance(current_bid, FixedDiscountCollateralAuctionHouse.Bid)
assert current_bid.amount_to_sell == Wad(0)
assert current_bid.amount_to_raise == Rad(0)
assert current_bid.raised_amount == Rad(0)
assert current_bid.sold_amount == Wad(0)
# Ensure auction has ended
assert len(fixed_collateral_auction_house.active_auctions()) == 0
# Cleanup
set_collateral_price(geb, collateral, Wad.from_number(230))
cleanup_safe(geb, collateral, other_address)