peerplays_migrated/libraries/chain/market_evaluator.cpp

/*
 * Copyright (c) 2015 Cryptonomex, Inc., and contributors.
 * All rights reserved.
 *
 * Redistribution and use in source and binary forms, with or without modification, are permitted provided that the following conditions are met:
 *
 * 1. Any modified source or binaries are used only with the BitShares network.
 *
 * 2. Redistributions of source code must retain the above copyright notice, this list of conditions and the following disclaimer.
 *
 * 3. Redistributions in binary form must reproduce the above copyright notice, this list of conditions and the following disclaimer in the documentation and/or other materials provided with the distribution.
 *
 * THIS SOFTWARE IS PROVIDED BY THE COPYRIGHT HOLDERS AND CONTRIBUTORS "AS IS" AND ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO,
 * THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE ARE DISCLAIMED. IN NO EVENT SHALL THE COPYRIGHT HOLDER OR
 * CONTRIBUTORS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO,
 * PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATA, OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER CAUSED AND ON ANY THEORY OF LIABILITY,
 * WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THIS SOFTWARE, EVEN IF
 * ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
 *
 */
#include <graphene/chain/market_evaluator.hpp>
#include <graphene/chain/account_object.hpp>
#include <graphene/chain/exceptions.hpp>
#include <graphene/chain/hardfork.hpp>
#include <fc/smart_ref_impl.hpp>
#include <graphene/chain/protocol/fee_schedule.hpp>
#include <fc/uint128.hpp>

namespace graphene { namespace chain {
void_result limit_order_create_evaluator::do_evaluate(const limit_order_create_operation& op)
{ try {
   const database& d = db();

   FC_ASSERT( op.expiration >= d.head_block_time() );

   _seller        = this->fee_paying_account;
   _sell_asset    = &op.amount_to_sell.asset_id(d);
   _receive_asset = &op.min_to_receive.asset_id(d);

   if( _sell_asset->options.whitelist_markets.size() )
      FC_ASSERT( _sell_asset->options.whitelist_markets.find(_receive_asset->id) != _sell_asset->options.whitelist_markets.end() );
   if( _sell_asset->options.blacklist_markets.size() )
      FC_ASSERT( _sell_asset->options.blacklist_markets.find(_receive_asset->id) == _sell_asset->options.blacklist_markets.end() );

   if( d.head_block_time() <= HARDFORK_416_TIME )
   {
      if( _sell_asset->options.flags & white_list ) FC_ASSERT( _seller->is_authorized_asset( *_sell_asset, d ) );
      if( _receive_asset->options.flags & white_list ) FC_ASSERT( _seller->is_authorized_asset( *_receive_asset, d ) );
   }
   else
   {
      FC_ASSERT( _seller->is_authorized_asset( *_sell_asset, d ) );
      FC_ASSERT( _seller->is_authorized_asset( *_receive_asset, d ) );
   }

   FC_ASSERT( d.get_balance( *_seller, *_sell_asset ) >= op.amount_to_sell, "insufficient balance",
              ("balance",d.get_balance(*_seller,*_sell_asset))("amount_to_sell",op.amount_to_sell) );

   return void_result();
} FC_CAPTURE_AND_RETHROW( (op) ) }

object_id_type limit_order_create_evaluator::do_apply(const limit_order_create_operation& op)
{ try {
   const auto& seller_stats = _seller->statistics(db());
   db().modify(seller_stats, [&](account_statistics_object& bal) {
         if( op.amount_to_sell.asset_id == asset_id_type() )
         {
            bal.total_core_in_orders += op.amount_to_sell.amount;
         }
   });

   db().adjust_balance(op.seller, -op.amount_to_sell);

   const auto& new_order_object = db().create<limit_order_object>([&](limit_order_object& obj){
       obj.seller   = _seller->id;
       obj.for_sale = op.amount_to_sell.amount;
       obj.sell_price = op.get_price();
       obj.expiration = op.expiration;
   });
   limit_order_id_type order_id = new_order_object.id; // save this because we may remove the object by filling it
   bool filled = db().apply_order(new_order_object);

   FC_ASSERT( !op.fill_or_kill || filled );

   return order_id;
} FC_CAPTURE_AND_RETHROW( (op) ) }

void_result limit_order_cancel_evaluator::do_evaluate(const limit_order_cancel_operation& o)
{ try {
   database& d = db();

   _order = &o.order(d);
   FC_ASSERT( _order->seller == o.fee_paying_account );

   return void_result();
} FC_CAPTURE_AND_RETHROW( (o) ) }

asset limit_order_cancel_evaluator::do_apply(const limit_order_cancel_operation& o)
{ try {
   database& d = db();

   auto base_asset = _order->sell_price.base.asset_id;
   auto quote_asset = _order->sell_price.quote.asset_id;
   auto refunded = _order->amount_for_sale();

   /// TODO... implement this refund in a better way
   if( true ) // HARD FORK d.head_block_time() > 
   {
      const auto& fees = d.current_fee_schedule();
      asset create_fee = fees.calculate_fee( limit_order_create_operation() );

      // then the create fee was only the network fee and not the
      // full create_fee
      const auto& gprops = d.get_global_properties();
      auto cashback_percent = GRAPHENE_100_PERCENT - gprops.parameters.network_percent_of_fee;
      auto cashback_amount = (create_fee.amount * cashback_percent) / GRAPHENE_100_PERCENT;
      create_fee.amount -= cashback_amount;

      const auto& core_asset_data = asset_id_type(0)(d).dynamic_asset_data_id(d);
      d.modify( core_asset_data, [&]( asset_dynamic_data_object& addo ) {
          addo.accumulated_fees -= create_fee.amount;
      });

      d.adjust_balance( o.fee_paying_account, create_fee );
   }


   d.cancel_order(*_order, false /* don't create a virtual op*/);

   // Possible optimization: order can be called by canceling a limit order iff the canceled order was at the top of the book.
   // Do I need to check calls in both assets?
   d.check_call_orders(base_asset(d));
   d.check_call_orders(quote_asset(d));

   return refunded;
} FC_CAPTURE_AND_RETHROW( (o) ) }

void_result call_order_update_evaluator::do_evaluate(const call_order_update_operation& o)
{ try {
   database& d = db();

   _paying_account = &o.funding_account(d);
   _debt_asset     = &o.delta_debt.asset_id(d);
   FC_ASSERT( _debt_asset->is_market_issued(), "Unable to cover ${sym} as it is not a collateralized asset.",
              ("sym", _debt_asset->symbol) );

   _bitasset_data  = &_debt_asset->bitasset_data(d);

   /// if there is a settlement for this asset, then no further margin positions may be taken and
   /// all existing margin positions should have been closed va database::globally_settle_asset
   FC_ASSERT( !_bitasset_data->has_settlement() );

   FC_ASSERT( o.delta_collateral.asset_id == _bitasset_data->options.short_backing_asset );

   if( _bitasset_data->is_prediction_market )
      FC_ASSERT( o.delta_collateral.amount == o.delta_debt.amount );
   else if( _bitasset_data->current_feed.settlement_price.is_null() )
      FC_THROW_EXCEPTION(insufficient_feeds, "Cannot borrow asset with no price feed.");

   if( o.delta_debt.amount < 0 )
   {
      FC_ASSERT( d.get_balance(*_paying_account, *_debt_asset) >= o.delta_debt,
                 "Cannot cover by ${c} when payer only has ${b}",
                 ("c", o.delta_debt.amount)("b", d.get_balance(*_paying_account, *_debt_asset).amount) );
   }

   if( o.delta_collateral.amount > 0 )
   {
      FC_ASSERT( d.get_balance(*_paying_account, _bitasset_data->options.short_backing_asset(d)) >= o.delta_collateral,
                 "Cannot increase collateral by ${c} when payer only has ${b}", ("c", o.delta_collateral.amount)
                 ("b", d.get_balance(*_paying_account, o.delta_collateral.asset_id(d)).amount) );
   }

   return void_result();
} FC_CAPTURE_AND_RETHROW( (o) ) }


void_result call_order_update_evaluator::do_apply(const call_order_update_operation& o)
{ try {
   database& d = db();

   if( o.delta_debt.amount != 0 )
   {
      d.adjust_balance( o.funding_account,  o.delta_debt        );

      // Deduct the debt paid from the total supply of the debt asset.
      d.modify(_debt_asset->dynamic_asset_data_id(d), [&](asset_dynamic_data_object& dynamic_asset) {
         dynamic_asset.current_supply += o.delta_debt.amount;
         assert(dynamic_asset.current_supply >= 0);
      });
   }

   if( o.delta_collateral.amount != 0 )
   {
      d.adjust_balance( o.funding_account, -o.delta_collateral  );

      // Adjust the total core in orders accodingly
      if( o.delta_collateral.asset_id == asset_id_type() )
      {
         d.modify(_paying_account->statistics(d), [&](account_statistics_object& stats) {
               stats.total_core_in_orders += o.delta_collateral.amount;
         });
      }
   }


   auto& call_idx = d.get_index_type<call_order_index>().indices().get<by_account>();
   auto itr = call_idx.find( boost::make_tuple(o.funding_account, o.delta_debt.asset_id) );
   const call_order_object* call_obj = nullptr;

   if( itr == call_idx.end() )
   {
      FC_ASSERT( o.delta_collateral.amount > 0 );
      FC_ASSERT( o.delta_debt.amount > 0 );

      call_obj = &d.create<call_order_object>( [&](call_order_object& call ){
         call.borrower = o.funding_account;
         call.collateral = o.delta_collateral.amount;
         call.debt = o.delta_debt.amount;
         call.call_price = price::call_price(o.delta_debt, o.delta_collateral,
                                             _bitasset_data->current_feed.maintenance_collateral_ratio);

      });
   }
   else
   {
      call_obj = &*itr;

      d.modify( *call_obj, [&]( call_order_object& call ){
          call.collateral += o.delta_collateral.amount;
          call.debt       += o.delta_debt.amount;
          if( call.debt > 0 )
          {
             call.call_price  =  price::call_price(call.get_debt(), call.get_collateral(),
                                                   _bitasset_data->current_feed.maintenance_collateral_ratio);
          }
      });
   }

   auto debt = call_obj->get_debt();
   if( debt.amount == 0 )
   {
      FC_ASSERT( call_obj->collateral == 0 );
      d.remove( *call_obj );
      return void_result();
   }

   FC_ASSERT(call_obj->collateral > 0 && call_obj->debt > 0);

   // then we must check for margin calls and other issues
   if( !_bitasset_data->is_prediction_market )
   {
      call_order_id_type call_order_id = call_obj->id;

      // check to see if the order needs to be margin called now, but don't allow black swans and require there to be
      // limit orders available that could be used to fill the order.
      if( d.check_call_orders( *_debt_asset, false ) )
      {
         const auto call_obj  = d.find(call_order_id);
         // if we filled at least one call order, we are OK if we totally filled.
         GRAPHENE_ASSERT(
            !call_obj,
            call_order_update_unfilled_margin_call,
            "Updating call order would trigger a margin call that cannot be fully filled",
            ("a", ~call_obj->call_price )("b", _bitasset_data->current_feed.settlement_price)
            );
      }
      else
      {
         const auto call_obj  = d.find(call_order_id);
         FC_ASSERT( call_obj, "no margin call was executed and yet the call object was deleted" );
         //edump( (~call_obj->call_price) ("<")( _bitasset_data->current_feed.settlement_price) );
         // We didn't fill any call orders.  This may be because we
         // aren't in margin call territory, or it may be because there
         // were no matching orders.  In the latter case, we throw.
         GRAPHENE_ASSERT(
            ~call_obj->call_price < _bitasset_data->current_feed.settlement_price,
            call_order_update_unfilled_margin_call,
            "Updating call order would trigger a margin call that cannot be fully filled",
            ("a", ~call_obj->call_price )("b", _bitasset_data->current_feed.settlement_price)
            );
      }
   }

   return void_result();
} FC_CAPTURE_AND_RETHROW( (o) ) }

} } // graphene::chain