FeeCollector.vy
GitHub
The source code of the FeeCollector.vy
contract can be found on GitHub.
The FeeCollector
is the entry point for the fee burning and distribution mechanism and acts as a universal contract where all admin fees1 from various revenue sources within the Curve ecosystem are collected. The two main revenue streams for the DAO are fees collected from liquidity pools and the interest earned through crvUSD markets.
Most admin fees are collected in "regular" tokens, though sometimes they are LP tokens. For the system, this distinction does not make any difference.
The contract has a flexible architecture by introducing a target
variable, which represents the coin into which all the various fee tokens are burned. This variable can be changed to any token, although it requires a successfully passed on-chain vote, as this contract is under the control of the Curve DAO.
Epochs¶
The contract operates in different epochs (phases) in which certain actions are possible.
The epoch
function and its related internal functions are used to determine the current operational phase of the contract based on the timestamp. The contract operates in different phases (epochs) that dictate what actions can be performed at any given time. This helps in organizing the contract's workflow and ensuring that certain operations only occur during specific periods.
Each epoch represents a different state of the contract:
SLEEP
: The contract is idle.COLLECT
: The contract is in a state where it collects fees.EXCHANGE
: The contract "burns" (exchanges) collected fees into the target coin.FORWARD
: The contract forwards the accumulated target coin to theFeeDistributor
.
The EPOCH_TIMESTAMPS
constant defines the start times for each epoch within a week:
START_TIME: constant(uint256) = 1600300800 # ts of distribution start
WEEK: constant(uint256) = 7 * 24 * 3600
EPOCH_TIMESTAMPS: constant(uint256[17]) = [
0, 0, # 1
4 * 24 * 3600, # 2
0, 5 * 24 * 3600, # 4
0, 0, 0, 6 * 24 * 3600, # 8
0, 0, 0, 0, 0, 0, 0, WEEK, # 16, next period
]
Start and Duration of Epochs
The SLEEP
epoch lasts for a total of four days, followed by one day of COLLECT
, one day of EXCHANGE
, and one day of FORWARD
.
Epoch start is not on Monday. The first fee distribution started on Thu Sep 17 2020 00:00:00 GMT+0000
(1600300800)`. Therefore, day 0 of each new epoch starts on Thursday at 00:00:00 GMT.
epoch
¶
FeeCollector.epoch(ts: uint256=block.timestamp) -> Epoch
Getter for the current epoch based on a given timestamp.
Returns: current epoch (uint256
). The returned value corresponds to the Epoch
enum.
Input | Type | Description |
---|---|---|
ts | uint256 | Timestamp. Defaults to msg.sesnder |
Source code
enum Epoch:
SLEEP # 1
COLLECT # 2
EXCHANGE # 4
FORWARD # 8
@external
@view
def epoch(ts: uint256=block.timestamp) -> Epoch:
"""
@notice Get epoch at certain timestamp
@param ts Timestamp. Current by default
@return Epoch
"""
return self._epoch_ts(ts)
@internal
@pure
def _epoch_ts(ts: uint256) -> Epoch:
ts = (ts - START_TIME) % WEEK
for epoch in [Epoch.SLEEP, Epoch.COLLECT, Epoch.EXCHANGE, Epoch.FORWARD]:
if ts < EPOCH_TIMESTAMPS[2 * convert(epoch, uint256)]:
return epoch
raise UNREACHABLE
epoch_time_frame
¶
FeeCollector.epoch_time_frame(_epoch: Epoch, _ts: uint256=block.timestamp) -> (uint256, uint256)
Getter for the time frame for a specific epoch and timestamp.
Returns: start and end of the epoch (uint256
).
Input | Type | Description |
---|---|---|
_epoch | uint256 | Index of the Epoch enum for which to check start and end for. |
_ts | uint256 | Timestamp to anochr to. Defaults to the current one (block.timestamp ). |
Source code
@external
@view
def epoch_time_frame(_epoch: Epoch, _ts: uint256=block.timestamp) -> (uint256, uint256):
"""
@notice Get time frame of certain epoch
@param _epoch Epoch
@param _ts Timestamp to anchor to. Current by default
@return [start, end) time frame boundaries
"""
return self._epoch_time_frame(_epoch, _ts)
@internal
@pure
def _epoch_time_frame(epoch: Epoch, ts: uint256) -> (uint256, uint256):
subset: uint256 = convert(epoch, uint256)
assert subset & (subset - 1) == 0, "Bad Epoch"
ts = ts - (ts - START_TIME) % WEEK
return (ts + EPOCH_TIMESTAMPS[convert(epoch, uint256)], ts + EPOCH_TIMESTAMPS[2 * convert(epoch, uint256)])
Keeper's Fee¶
The FeeCollector
contract has a keeper's fee, which incentivizes external users or bots to perform specific actions at the appropriate times within the different epochs. The fee mechanism ensures that these operations are carried out reliably and efficiently by rewarding the entities that execute them.
fee
¶
FeeCollector.fee(_epoch: Epoch=empty(Epoch), _ts: uint256=block.timestamp) -> uint256
Getter for the caller fee based on an epoch and timestamp. If no input is given, it returns the caller fee of the current epoch. The fee is dependent on the current epoch. The fee
(except the one for the forward
function) is optional and up to the burner implementation. The value starts at 0
and continuously increases to max_fee
(1%
), but burner contracts can have their own fee values. The reason for this is that it makes sense to pay the fee in the target
token instead of many different coins, but the current CoWSwap architecture makes this very complicated to do.
Returns: fee of the epoch (uint256
).
Input | Type | Description |
---|---|---|
_epoch | uint256 | Index of the epoch. Defaults to the current epoch. |
_ts | uint256 | Timestamp. Defaults to block.timestamp |
Source code
@external
@view
def fee(_epoch: Epoch=empty(Epoch), _ts: uint256=block.timestamp) -> uint256:
"""
@notice Calculate keeper's fee
@param _epoch Epoch to count fee for
@param _ts Timestamp of collection
@return Fee with base 10^18
"""
if _epoch == empty(Epoch):
return self._fee(self._epoch_ts(_ts), _ts)
return self._fee(_epoch, _ts)
@internal
@view
def _fee(epoch: Epoch, ts: uint256) -> uint256:
start: uint256 = 0
end: uint256 = 0
start, end = self._epoch_time_frame(epoch, ts)
if ts >= end:
return 0
return self.max_fee[convert(epoch, uint256)] * (ts + 1 - start) / (end - start)
@internal
@pure
def _epoch_ts(ts: uint256) -> Epoch:
ts = (ts - START_TIME) % WEEK
for epoch in [Epoch.SLEEP, Epoch.COLLECT, Epoch.EXCHANGE, Epoch.FORWARD]:
if ts < EPOCH_TIMESTAMPS[2 * convert(epoch, uint256)]:
return epoch
raise UNREACHABLE
max_fee
¶
FeeCollector.max_fee(arg0: uint256) -> uint256: view
Getter for the maximum fee of an epoch. Maximum fee is set to 1% for the COLLECT
and FORWARD
epochs. This value can be changed by the owner
of the contract using the set_max_fee
function.
Returns: maximum fee (uint256
).
Emits: SetMaxFee
at contract initialization
Input | Type | Description |
---|---|---|
_epoch | uint256 | Epoch enum for which to check the maximum fee. |
Source code
event SetMaxFee:
epoch: indexed(Epoch)
max_fee: uint256
enum Epoch:
SLEEP # 1
COLLECT # 2
EXCHANGE # 4
FORWARD # 8
max_fee: public(uint256[9]) # max_fee[Epoch]
@external
def __init__(_target_coin: ERC20, _weth: wETH, _owner: address, _emergency_owner: address):
"""
@notice Contract constructor
@param _target_coin Coin to swap to
@param _weth Wrapped ETH(native coin) address
@param _owner Owner address
@param _emergency_owner Emergency owner address. Can kill the contract
"""
...
self.max_fee[convert(Epoch.COLLECT, uint256)] = ONE / 100 # 1%
self.max_fee[convert(Epoch.FORWARD, uint256)] = ONE / 100 # 1%
...
log SetMaxFee(Epoch.COLLECT, ONE / 100)
log SetMaxFee(Epoch.FORWARD, ONE / 100)
...
set_max_fee
¶
FeeCollector.set_max_fee(_epoch: uin256, _max_fee: uint256)
Guarded Method
This function is only callable by the owner
of the contract.
Function to set max_fee
for a specific epoch. The maximum fee cannot be greater than 1 (100%).
Emits: SetMaxFee
Input | Type | Description |
---|---|---|
_epoch | uint256 | Index of the Epoch enum for which to set the maximum fee. |
_max_fee | uint256 | Maximum fee. |
Source code
event SetMaxFee:
epoch: indexed(Epoch)
max_fee: uint256
@external
def set_max_fee(_epoch: Epoch, _max_fee: uint256):
"""
@notice Set keeper's max fee
@dev Callable only by owner
@param _epoch Epoch to set fee for
@param _max_fee Maximum fee to set
"""
assert msg.sender == self.owner, "Only owner"
subset: uint256 = convert(_epoch, uint256)
assert subset & (subset - 1) == 0, "Bad Epoch"
assert _max_fee <= ONE, "Bad max_fee"
self.max_fee[convert(_epoch, uint256)] = _max_fee
log SetMaxFee(_epoch, _max_fee)
Burn Process¶
The FeeCollector
contract has a target
variable, which represents the coin into which all the collected fees are "burned" into. This variable can be changed by the owner
of the contract using the set_target
function. As the owner of the contract is the Curve DAO, a on-chain proposal needs to be successfully passed to make any changes.
The general flow of the fee burning process is the following:
- Admin fees are collected from pools or other revenue sources using the
withdraw_many
function. While fees of older pools need to claimed manually, the accrued fees from newer pools (mostly NG pools) are periodically claimed when removing liquidity from the pool. - The accrued tokens can be burned calling the
collect
function. This creates, if there isn't already one, a conditional order on CowSwap which automatically exchanges the fee tokens into thetarget
coin. - After burning the tokens, they can be forwarded to the
FeeDistributor
using theforward
function.
target
¶
FeeCollector.target() -> address: view
Getter for the target coin to which the fees are converted to. This is essentially the reward token that is being distributed to veCRV holders.
Returns: target coin (address
).
Emits: SetTarget
at contract initialization
Source code
event SetTarget:
target: indexed(ERC20)
target: public(ERC20) # coin swapped into
@external
def __init__(_target_coin: ERC20, _weth: wETH, _owner: address, _emergency_owner: address):
"""
@notice Contract constructor
@param _target_coin Coin to swap to
@param _weth Wrapped ETH(native coin) address
@param _owner Owner address
@param _emergency_owner Emergency owner address. Can kill the contract
"""
self.target = _target_coin
...
log SetTarget(_target_coin)
...
set_target
¶
FeeCollector.set_target(_new_target: ERC20)
Guarded Method
This function is only callable by the owner
of the contract.
Function to change the target coin of the contract.
Emits: SetTarget
Input | Type | Description |
---|---|---|
_new_target | address | Token address of the new target coin. |
Source code
event SetTarget:
target: indexed(ERC20)
target: public(ERC20) # coin swapped into
@external
def set_target(_new_target: ERC20):
"""
@notice Set new coin for fees accumulation
@dev Callable only by owner
@param _new_target Address of the new target coin
"""
assert msg.sender == self.owner, "Only owner"
target: ERC20 = self.target
self.is_killed[target] = empty(Epoch) # allow to collect and exchange
log SetKilled(target, empty(Epoch))
self.target = _new_target
self.is_killed[_new_target] = Epoch.COLLECT | Epoch.EXCHANGE # Keep target coin in contract
log SetTarget(_new_target)
log SetKilled(_new_target, Epoch.COLLECT | Epoch.EXCHANGE)
withdraw_many
¶
FeeCollector.withdraw_many(_pools: DynArray[address, MAX_LEN])
Guarded
This function does not work with all pools, as some of them have a msg.sender == owner
guard with a pool proxy as the owner.
Function to withdraw admin fees from multiple Curve pools. Maximum amount of pools to withdraw from within a single function call is 64
. This function can be called by anyone and at any time. While the fee claiming of new-generation (NG) pools is partly automated, the fees of older pools or crvUSD market need to claimed manually. This function only works on contracts with a withdraw_admin_fees
function. E.g. accrued fees from crvUSD markets are collected via a collect_fees
function, therefore this function can not be used to claim those fees into this contract.
Input | Type | Description |
---|---|---|
_pools | DynArray[address, MAX_LEN] | Dynamic array containing the pool addresses to claim the admin fees from. |
Source code
MAX_LEN: constant(uint256) = 64
interface Curve:
def withdraw_admin_fees(): nonpayable
@external
def withdraw_many(_pools: DynArray[address, MAX_LEN]):
"""
@notice Withdraw admin fees from multiple pools
@param _pools List of pool address to withdraw admin fees from
"""
for pool in _pools:
Curve(pool).withdraw_admin_fees()
collect
¶
FeeCollector.collect(_coins: DynArray[ERC20, MAX_LEN], _receiver: address=msg.sender)
Function that is the primary mechanism for burning coins and can only be called during the COLLECT
epoch. It calls the burn
function of the burner contract, which creates a conditional order on CowSwap if one has not already been created. This process effectively "burns" the collected coins by swapping them into the target coin. Additionally, the caller is awarded a keeper fee for their role in the process.
Input | Type | Description |
---|---|---|
_coins | DynArray[ERC20, MAX_LEN] | Dynamic array of coin addresses sorted in ascending order. |
_receiver | address | Receiver of keeper fee. |
Source code
MAX_LEN: constant(uint256) = 64
@external
@nonreentrant("collect")
def collect(_coins: DynArray[ERC20, MAX_LEN], _receiver: address=msg.sender):
"""
@notice Collect earned fees. Collection should happen under callback to earn caller fees.
@param _coins Coins to collect sorted in ascending order
@param _receiver Receiver of caller `collect_fee`s
"""
assert self._epoch_ts(block.timestamp) == Epoch.COLLECT, "Wrong epoch"
assert not self.is_killed[ALL_COINS] in Epoch.COLLECT, "Killed epoch"
for i in range(len(_coins), bound=MAX_LEN):
assert not self.is_killed[_coins[i]] in Epoch.COLLECT, "Killed coin"
# Eliminate case of repeated coins
if i > 0:
assert convert(_coins[i].address, uint160) > convert(_coins[i - 1].address, uint160), "Coins not sorted"
self.burner.burn(_coins, _receiver)
interface FeeCollector:
def fee(_epoch: Epoch=empty(Epoch), _ts: uint256=block.timestamp) -> uint256: view
def target() -> ERC20: view
def owner() -> address: view
def emergency_owner() -> address: view
def epoch_time_frame(epoch: Epoch, ts: uint256=block.timestamp) -> (uint256, uint256): view
def can_exchange(_coins: DynArray[ERC20, MAX_COINS_LEN]) -> bool: view
def transfer(_transfers: DynArray[Transfer, MAX_COINS_LEN]): nonpayable
struct ConditionalOrderParams:
# The contract implementing the conditional order logic
handler: address # self
# Allows for multiple conditional orders of the same type and data
salt: bytes32 # Not used for now
# Data available to ALL discrete orders created by the conditional order
staticData: Bytes[STATIC_DATA_LEN] # Using coin address
interface ComposableCow:
def create(params: ConditionalOrderParams, dispatch: bool): nonpayable
def domainSeparator() -> bytes32: view
def isValidSafeSignature(
safe: address, sender: address, _hash: bytes32, _domainSeparator: bytes32, typeHash: bytes32,
encodeData: Bytes[15 * 32],
payload: Bytes[(32 + 3 + 1 + 8) * 32],
) -> bytes4: view
@external
def burn(_coins: DynArray[ERC20, MAX_COINS_LEN], _receiver: address):
"""
@notice Post hook after collect to register coins for burn
@dev Registers new orders in ComposableCow
@param _coins Which coins to burn
@param _receiver Receiver of profit
"""
assert msg.sender == fee_collector.address, "Only FeeCollector"
fee: uint256 = fee_collector.fee(Epoch.COLLECT)
fee_payouts: DynArray[Transfer, MAX_COINS_LEN] = []
self_transfers: DynArray[Transfer, MAX_COINS_LEN] = []
for coin in _coins:
if not self.created[coin]:
composable_cow.create(ConditionalOrderParams({
handler: self,
salt: empty(bytes32),
staticData: concat(b"", convert(coin.address, bytes20)),
}), True)
coin.approve(vault_relayer, max_value(uint256))
self.created[coin] = True
amount: uint256 = coin.balanceOf(fee_collector.address) * fee / ONE
fee_payouts.append(Transfer({coin: coin, to: _receiver, amount: amount}))
self_transfers.append(Transfer({coin: coin, to: self, amount: max_value(uint256)}))
fee_collector.transfer(fee_payouts)
fee_collector.transfer(self_transfers)
can_exchange
¶
FeeCollector.can_exchange(_coins: DynArray[ERC20, MAX_LEN]) -> bool
Function to check whether specified coins are allowed to be exchanged at the current timestamp. It verifies that the current epoch is EXCHANGE
and that the coins to be exchanged are not marked as killed.
Returns: true or false (bool
).
Input | Type | Description |
---|---|---|
can_exchange | DynArray[ERC20, MAX_LEN] | Dynamic array of ERC20 token addresses to check for exchange eligibility. |
Source code
MAX_LEN: constant(uint256) = 64
@external
@view
def can_exchange(_coins: DynArray[ERC20, MAX_LEN]) -> bool:
"""
@notice Check whether coins are allowed to be exchanged
@param _coins Coins to exchange
@return Boolean value if coins are allowed to be exchanged
"""
if self._epoch_ts(block.timestamp) != Epoch.EXCHANGE or\
self.is_killed[ALL_COINS] in Epoch.EXCHANGE:
return False
for coin in _coins:
if self.is_killed[coin] in Epoch.EXCHANGE:
return False
return True
transfer
¶
FeeCollector.transfer(_transfers: DynArray[Transfer, MAX_LEN])
Guarded Method
This function is only callable by the burner
contract.
Function to transfer coins. This function can only be called during the COLLECT
or EXCHANGE
epochs and is used to transfer the different admin fee tokens to the burner contract when calling the collect
function. This function is effectively needed to remove all approvals from previous burners in case of any malfunctioning or the misuse of any collected coins.
Input | Type | Description |
---|---|---|
_transfers | DynArray[Transfer, MAX_LEN] | Dynamic array of Transfer structs. |
Each Transfer
struct contains:
coin:
address
- The ERC20 token address that is being transferred.to:
address
- The address to which the tokens will be transferred.amount
:uint256
- The amount of tokens to transfer. If set to 2^256-1, it transfers the entire balance.
Source code
struct Transfer:
coin: ERC20
to: address
amount: uint256 # 2^256-1 for the whole balance
MAX_LEN: constant(uint256) = 64
@external
@nonreentrant("transfer")
def transfer(_transfers: DynArray[Transfer, MAX_LEN]):
"""
@dev No approvals so can change burner easily
@param _transfers Transfers to apply
"""
assert msg.sender == self.burner.address, "Only Burner"
epoch: Epoch = self._epoch_ts(block.timestamp)
assert epoch in Epoch.COLLECT | Epoch.EXCHANGE, "Wrong Epoch"
for transfer in _transfers:
assert not self.is_killed[transfer.coin] in epoch, "Killed coin"
amount: uint256 = transfer.amount
if amount == max_value(uint256):
amount = transfer.coin.balanceOf(self)
assert transfer.coin.transfer(transfer.to, amount, default_return_value=True)
interface FeeCollector:
def fee(_epoch: Epoch=empty(Epoch), _ts: uint256=block.timestamp) -> uint256: view
def target() -> ERC20: view
def owner() -> address: view
def emergency_owner() -> address: view
def epoch_time_frame(epoch: Epoch, ts: uint256=block.timestamp) -> (uint256, uint256): view
def can_exchange(_coins: DynArray[ERC20, MAX_COINS_LEN]) -> bool: view
def transfer(_transfers: DynArray[Transfer, MAX_COINS_LEN]): nonpayable
@external
def burn(_coins: DynArray[ERC20, MAX_COINS_LEN], _receiver: address):
"""
@notice Post hook after collect to register coins for burn
@dev Registers new orders in ComposableCow
@param _coins Which coins to burn
@param _receiver Receiver of profit
"""
assert msg.sender == fee_collector.address, "Only FeeCollector"
fee: uint256 = fee_collector.fee(Epoch.COLLECT)
fee_payouts: DynArray[Transfer, MAX_COINS_LEN] = []
self_transfers: DynArray[Transfer, MAX_COINS_LEN] = []
for coin in _coins:
if not self.created[coin]:
composable_cow.create(ConditionalOrderParams({
handler: self,
salt: empty(bytes32),
staticData: concat(b"", convert(coin.address, bytes20)),
}), True)
coin.approve(vault_relayer, max_value(uint256))
self.created[coin] = True
amount: uint256 = coin.balanceOf(fee_collector.address) * fee / ONE
fee_payouts.append(Transfer({coin: coin, to: _receiver, amount: amount}))
self_transfers.append(Transfer({coin: coin, to: self, amount: max_value(uint256)}))
fee_collector.transfer(fee_payouts)
fee_collector.transfer(self_transfers)
forward
¶
FeeCollector.forward(_hook_inputs: DynArray[HookInput, MAX_HOOK_LEN], _receiver: address=msg.sender) -> uint256
Function to transfer the target coin to the hooker address. This function can only be called during the FORWARD
epoch. It charges a keeper fee on the entire balance of the forwarded coins and awards it to the caller. The function also calls the push_target
function of the burner contract to transfer any remaining target coins back into the FeeCollector
contract before forwarding the total balance to the hooker. Additionally, the function calls the duty_act
method of the hooker contract, applying any specified hooks and adjusting the fee accordingly.
Returns: received keeper fee (uint256
)
Input | Type | Description |
---|---|---|
_hook_inputs | DynArray[HookInput, MAX_HOOK_LEN] | Dynamic array of HookInput structs. |
_receiver | address | Receiver of keeper fee. |
Each HookInput
struct contains:
hook_id
:uint8
- ID of the hook to execute. This ID determines which specific hook logic to apply during theduty_act
call.value
:uint256
- Value associated with the hook, which can represent the amount or specific parameter needed by the hook logic.data
:Bytes[8192]
- Additional data required by the hook, encoded as bytes. This can include various parameters or instructions specific to the hook's functionality.
Source code
struct HookInput:
hook_id: uint8
value: uint256
data: Bytes[8192]
@external
@payable
@nonreentrant("forward")
def forward(_hook_inputs: DynArray[HookInput, MAX_HOOK_LEN], _receiver: address=msg.sender) -> uint256:
"""
@notice Transfer target coin forward
@param _hook_inputs Input parameters for forward hooks
@param _receiver Receiver of caller `forward_fee`
@return Amount of received fee
"""
assert self._epoch_ts(block.timestamp) == Epoch.FORWARD, "Wrong epoch"
target: ERC20 = self.target
assert not (self.is_killed[ALL_COINS] | self.is_killed[target]) in Epoch.FORWARD, "Killed"
self.burner.push_target()
amount: uint256 = target.balanceOf(self)
# Account buffer
hooker: Hooker = self.hooker
hooker_buffer: uint256 = hooker.buffer_amount()
amount -= min(hooker_buffer, amount)
fee: uint256 = self._fee(Epoch.FORWARD, block.timestamp) * amount / ONE
target.transfer(_receiver, fee)
target.transfer(hooker.address, amount - fee)
if self.last_hooker_approve < (block.timestamp - START_TIME) / WEEK: # First time this week
target.approve(hooker.address, hooker_buffer)
self.last_hooker_approve = (block.timestamp - START_TIME) / WEEK
fee += hooker.duty_act(_hook_inputs, _receiver, value=msg.value)
return fee
@external
def push_target() -> uint256:
"""
@notice In case target coin is left in contract can be pushed to forward
@return Amount of coin pushed further
"""
target: ERC20 = fee_collector.target()
amount: uint256 = target.balanceOf(self)
if amount > 0:
target.transfer(fee_collector.address, amount)
return amount
event DutyAct:
pass
event Act:
receiver: indexed(address)
compensation: uint256
@external
@payable
def duty_act(_hook_inputs: DynArray[HookInput, MAX_HOOKS_LEN], _receiver: address=msg.sender) -> uint256:
"""
@notice Entry point to run hooks for FeeCollector
@param _hook_inputs Inputs assembled by keepers
@param _receiver Receiver of compensation (sender by default)
@return Compensation received
"""
if msg.sender == fee_collector.address:
self.duty_counter = convert((block.timestamp - START_TIME) / WEEK, uint64) # assuming time frames are divided weekly
hook_mask: uint256 = 0
for solicitation in _hook_inputs:
hook_mask |= 1 << solicitation.hook_id
duties_checklist: uint256 = self.duties_checklist
assert hook_mask & duties_checklist == duties_checklist, "Not all duties"
log DutyAct()
return self._act(_hook_inputs, _receiver)
@internal
def _act(_hook_inputs: DynArray[HookInput, MAX_HOOKS_LEN], _receiver: address) -> uint256:
current_duty_counter: uint64 = self.duty_counter
compensation: uint256 = 0
prev_idx: uint8 = 0
for solicitation in _hook_inputs:
hook: Hook = self.hooks[solicitation.hook_id]
self._shot(hook, solicitation)
if hook.compensation_strategy.cooldown.duty_counter < current_duty_counter:
hook.compensation_strategy.cooldown.used = 0
hook.compensation_strategy.cooldown.duty_counter = current_duty_counter
hook_compensation: uint256 = self._compensate(hook)
if hook_compensation > 0:
compensation += hook_compensation
hook.compensation_strategy.cooldown.used += 1
self.hooks[solicitation.hook_id].compensation_strategy.cooldown = hook.compensation_strategy.cooldown
if prev_idx > solicitation.hook_id:
raise "Hooks not sorted"
prev_idx = solicitation.hook_id
log HookShot(prev_idx, hook_compensation)
log Act(_receiver, compensation)
# happy ending
if compensation > 0:
coin: ERC20 = fee_collector.target()
coin.transferFrom(fee_collector.address, _receiver, compensation)
return compensation
burn
¶
FeeCollector.burn(_coin: address)
Guarded Method
This function is only callable by the owner
of the contract.
Function to transfer coins from the contract with approval. This function is needed for back compatability along with dealing with raw ETH.
Input | Type | Description |
---|---|---|
_coin | address | Token address of the new target coin. |
Source code
@external
@payable
def burn(_coin: address) -> bool:
"""
@notice Transfer coin from contract with approval
@dev Needed for back compatability along with dealing raw ETH
@param _coin Coin to transfer
@return True if did not fail, back compatability
"""
if _coin == ETH_ADDRESS: # Deposit
WETH.deposit(value=self.balance)
else:
amount: uint256 = ERC20(_coin).balanceOf(msg.sender)
ERC20(_coin).transferFrom(msg.sender, self, amount)
return True
recover
¶
FeeCollector.recover(_recovers: DynArray[RecoverInput, MAX_LEN], _receiver: address):
Guarded Method
This function is only callable by the owner
or emergency_owner
of the contract.
Function to recover ERC20 tokens or ETH from the contract by transferring them to _receiver
.
Input | Type | Description |
---|---|---|
_recovers | DynArray[RecoverInput, MAX_LEN] | Dynamic array of RecoverInput structs. |
_receiver | address | Receiver of the recovered coins. |
Each RecoverInput
struct contains:
coin
:address
- The address of the ERC20 token to recover.amount
:uint256
- The amount of the token to recover. Use2^256-1
to recover the entire balance.
Source code
struct RecoverInput:
coin: ERC20
amount: uint256
@external
def recover(_recovers: DynArray[RecoverInput, MAX_LEN], _receiver: address):
"""
@notice Recover ERC20 tokens or Ether from this contract
@dev Callable only by owner and emergency owner
@param _recovers (Token, amount) to recover
@param _receiver Receiver of coins
"""
assert msg.sender in [self.owner, self.emergency_owner], "Only owner"
for input in _recovers:
amount: uint256 = input.amount
if input.coin.address == ETH_ADDRESS:
if amount == max_value(uint256):
amount = self.balance
raw_call(_receiver, b"", value=amount)
else:
if amount == max_value(uint256):
amount = input.coin.balanceOf(self)
input.coin.transfer(_receiver, amount) # do not need safe transfer
Burner and Hooker Contracts¶
Burner contracts are used to convert collected coins into the target coins. Hooker contracts facilitate the execution of predefined actions (hooks) through the Hooker
contract.
When setting up a burner or hooker, they need to support a specific interface structure to comply with the functions used in the FeeCollector contract. Each burner
and hooker
contract must implement a supportsInterface(_interface_id: bytes4)
method, which identifies the interface according to ERC-165. This method ensures the contract is compatible with the FeeCollector.
burner
¶
FeeCollector.burner() -> address: view
Getter for the burner contract. The burner can be set and changed via set_burner
.
Returns: burner contract (address
).
Source code
interface Burner:
def burn(_coins: DynArray[ERC20, MAX_LEN], _receiver: address): nonpayable
def push_target() -> uint256: nonpayable
def supportsInterface(_interface_id: bytes4) -> bool: view
burner: public(Burner)
@external
def set_burner(_new_burner: Burner):
"""
@notice Set burner for exchanging coins
@dev Callable only by owner
"""
assert msg.sender == self.owner, "Only owner"
assert _new_burner.supportsInterface(BURNER_INTERFACE_ID)
self.burner = _new_burner
hooker
¶
FeeCollector.hooker() -> address: view
Getter for the hooker contract. The hooker can be set and changed via set_hooker
.
Returns: hooker contract (address
).
Source code
interface Hooker:
def duty_act(_hook_inputs: DynArray[HookInput, MAX_HOOK_LEN], _receiver: address=msg.sender) -> uint256: payable
def buffer_amount() -> uint256: view
def supportsInterface(_interface_id: bytes4) -> bool: view
HOOKER_INTERFACE_ID: constant(bytes4) = 0xe569b44d
hooker: public(Hooker)
set_burner
¶
FeeCollector.set_burner(_new_burner: Burner)
Guarded Method
This function is only callable by the owner
of the contract.
Function to set a new burner contract. When setting, the contract checks if the new burner supports a certain BURNER_INTERFACE_ID
.
Emits: SetBurner
Input | Type | Description |
---|---|---|
_new_burner | address | Contract address of the new burner. |
Source code
interface Burner:
def burn(_coins: DynArray[ERC20, MAX_LEN], _receiver: address): nonpayable
def push_target() -> uint256: nonpayable
def supportsInterface(_interface_id: bytes4) -> bool: view
event SetBurner:
burner: indexed(Burner)
BURNER_INTERFACE_ID: constant(bytes4) = 0xa3b5e311
burner: public(Burner)
@external
def set_burner(_new_burner: Burner):
"""
@notice Set burner for exchanging coins, must implement BURNER_INTERFACE
@dev Callable only by owner
@param _new_burner Address of the new contract
"""
assert msg.sender == self.owner, "Only owner"
assert _new_burner.supportsInterface(BURNER_INTERFACE_ID)
self.burner = _new_burner
log SetBurner(_new_burner)
set_hooker
¶
FeeCollector.set_hooker(_new_hooker: Hooker)
Guarded Method
This function is only callable by the owner
of the contract.
Function to set a new hooker contract. When setting, the contract checks if the new hooker supports a certain HOOKER_INTERFACE_ID: constant(bytes4) = 0xe569b44d
.
Emits: SetHooker
Input | Type | Description |
---|---|---|
_new_hooker | address | Address of hooker contract to set. |
Source code
interface Hooker:
def duty_act(_hook_inputs: DynArray[HookInput, MAX_HOOK_LEN], _receiver: address=msg.sender) -> uint256: payable
def buffer_amount() -> uint256: view
def supportsInterface(_interface_id: bytes4) -> bool: view
event SetHooker:
hooker: indexed(Hooker)
HOOKER_INTERFACE_ID: constant(bytes4) = 0xe569b44d
hooker: public(Hooker)
@external
def set_hooker(_new_hooker: Hooker):
"""
@notice Set contract for hooks, must implement HOOKER_INTERFACE
@dev Callable only by owner
@param _new_hooker Address of the new contract
"""
assert msg.sender == self.owner, "Only owner"
assert _new_hooker.supportsInterface(HOOKER_INTERFACE_ID)
if self.hooker != empty(Hooker):
self.target.approve(self.hooker.address, 0)
self.hooker = _new_hooker
log SetHooker(_new_hooker)
Ownership and Killing Coins¶
The FeeCollector
contract features a dual ownership structure, consisting of a regular owner
and an emergency_owner
.
The contract includes a mechanism to "kill" certain coins across specific epochs. When a coin is killed, certain functions related to that coin will no longer be callable. This capability is crucial for managing and mitigating risks associated with specific tokens.
The owner
1 is able to call the following functions:
recover
: Recover ERC20 tokens or ETH from the contract.set_max_fee
: Set the maximum fee for a specified epoch.set_burner
: Set the burner contract for exchanging coins.set_hooker
: Set the hooker contract.set_target
: Set a new target coin for fee accumulation.set_killed
: Mark certain coins as killed to prevent them from being burned, or mark entire epochs to prevent all coins from being burned in a specific epoch.set_owner
: Assign a new owner to the contract.set_emergency_owner
: Assign a new emergency owner to the contract.
The emergency_owner
2 has limited power, intended for emergency situations. They can call:
recover
: Recover ERC20 tokens or ETH from the contract.set_killed
: Mark certain coins as killed to prevent them from being burnt.
is_killed
¶
FeeCollector.is_killed(arg0: address) -> uint256: view
Function to check if a coin is killed for a certain epoch. Depending on the epoch the coin is killed for, the contract restricts function calls. For example, if a coin is killed for the COLLECT
epoch, the collect
function cannot be called for that coin.
Returns: sum of the epoch indices in the enum (uint256
).
Input | Type | Description |
---|---|---|
arg0 | address | Address of the coin to check. |
If a coin is not killed, the method will return 0. The method returns the sum of the indices within the Epoch enum. Therefore, after we have killed wETH for the epochs COLLECT
and EXCHANGE
, the call now returns 6 (indices of COLLECT
and EXCHANGE
are 2 and 4, which sum up to six).
set_killed
¶
FeeCollector.set_killed(_input: DynArray[KilledInput, MAX_LEN])
Guarded Method
This function is only callable by the owner
or emergency_owner
of the contract.
Function to kill a coin for a specific epoch.
Emits: SetKilled
Input | Type | Description |
---|---|---|
_input | DynArray[KilledInput, MAX_LEN] | Array of KilledInput structs. |
Each KilledInput
struct contains:
coin
:ERC20
- The address of the ERC20 token to be killed.killed
:Epoch
- The sum of the epoch indices during which the coin is killed.
Source code
event SetKilled:
coin: indexed(ERC20)
epoch_mask: Epoch
struct KilledInput:
coin: ERC20
killed: Epoch # True where killed
is_killed: public(HashMap[ERC20, Epoch])
@external
def set_killed(_input: DynArray[KilledInput, MAX_LEN]):
"""
@notice Stop a contract or specific coin to be burnt
@dev Callable only by owner or emergency owner
@param _input Array of (coin address, killed phases enum)
"""
assert msg.sender in [self.owner, self.emergency_owner], "Only owner"
for input in _input:
self.is_killed[input.coin] = input.killed
log SetKilled(input.coin, input.killed)
owner
¶
FeeCollector.owner() -> address: view
Getter for the current owner of the contract.
Returns: owner (address
).
Emits: SetOwner
at contract initialization
Source code
event SetOwner:
owner: indexed(address)
owner: public(address)
@external
def __init__(_target_coin: ERC20, _weth: wETH, _owner: address, _emergency_owner: address):
"""
@notice Contract constructor
@param _target_coin Coin to swap to
@param _weth Wrapped ETH(native coin) address
@param _owner Owner address
@param _emergency_owner Emergency owner address. Can kill the contract
"""
...
self.owner = _owner
...
log SetOwner(_owner)
...
emergency_owner
¶
FeeCollector.emergency_owner() -> address: view
Getter for the current emergency owner of the contract.
Returns: emergency owner (address
).
Emits: SetEmergencyOwner
at contract initialization
Source code
event SetEmergencyOwner:
emergency_owner: indexed(address)
emergency_owner: public(address)
@external
def __init__(_target_coin: ERC20, _weth: wETH, _owner: address, _emergency_owner: address):
"""
@notice Contract constructor
@param _target_coin Coin to swap to
@param _weth Wrapped ETH(native coin) address
@param _owner Owner address
@param _emergency_owner Emergency owner address. Can kill the contract
"""
...
self.emergency_owner = _emergency_owner
...
log SetEmergencyOwner(_emergency_owner)
...
set_owner
¶
FeeCollector.set_owner(_new_owner: address)
Guarded Method
This function is only callable by the owner
of the contract.
Function to set a new owner.
Emits: SetOwner
Input | Type | Description |
---|---|---|
_new_owner | address | Address of the new owner. |
Source code
event SetOwner:
owner: indexed(address)
owner: public(address)
@external
def set_owner(_new_owner: address):
"""
@notice Set owner of the contract
@dev Callable only by current owner
@param _new_owner Address of the new owner
"""
assert msg.sender == self.owner, "Only owner"
assert _new_owner != empty(address)
self.owner = _new_owner
log SetOwner(_new_owner)
set_emergency_owner
¶
FeeCollector.set_emergency_owner(_new_owner: address)
Guarded Method
This function is only callable by the owner
of the contract.
Function to a new emergency owner.
Emits: SetEmergencyOwner
Input | Type | Description |
---|---|---|
_new_owner | address | Address of the new emergency owner. |
Source code
event SetEmergencyOwner:
emergency_owner: indexed(address)
emergency_owner: public(address)
@external
def set_emergency_owner(_new_owner: address):
"""
@notice Set emergency owner of the contract
@dev Callable only by current owner
@param _new_owner Address of the new emergency owner
"""
assert msg.sender == self.owner, "Only owner"
assert _new_owner != empty(address)
self.emergency_owner = _new_owner
log SetEmergencyOwner(_new_owner)
-
The owner of the contract is the Curve DAO. To make any changes, a successful on-chain vote needs to pass. ↩↩
-
The
emergency_owner
is a 5 of 9 multisig. ↩