/* * Copyright (c) 2015 Cryptonomex, Inc., and contributors. * * The MIT License * * Permission is hereby granted, free of charge, to any person obtaining a copy * of this software and associated documentation files (the "Software"), to deal * in the Software without restriction, including without limitation the rights * to use, copy, modify, merge, publish, distribute, sublicense, and/or sell * copies of the Software, and to permit persons to whom the Software is * furnished to do so, subject to the following conditions: * * The above copyright notice and this permission notice shall be included in * all copies or substantial portions of the Software. * * THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR * IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, * FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE * AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER * LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, * OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN * THE SOFTWARE. */ #include #include #include namespace graphene { namespace chain { typedef boost::multiprecision::uint128_t uint128_t; typedef boost::multiprecision::int128_t int128_t; bool operator == ( const price& a, const price& b ) { if( std::tie( a.base.asset_id, a.quote.asset_id ) != std::tie( b.base.asset_id, b.quote.asset_id ) ) return false; const auto amult = uint128_t( b.quote.amount.value ) * a.base.amount.value; const auto bmult = uint128_t( a.quote.amount.value ) * b.base.amount.value; return amult == bmult; } bool operator < ( const price& a, const price& b ) { if( a.base.asset_id < b.base.asset_id ) return true; if( a.base.asset_id > b.base.asset_id ) return false; if( a.quote.asset_id < b.quote.asset_id ) return true; if( a.quote.asset_id > b.quote.asset_id ) return false; const auto amult = uint128_t( b.quote.amount.value ) * a.base.amount.value; const auto bmult = uint128_t( a.quote.amount.value ) * b.base.amount.value; return amult < bmult; } bool operator <= ( const price& a, const price& b ) { return (a == b) || (a < b); } bool operator != ( const price& a, const price& b ) { return !(a == b); } bool operator > ( const price& a, const price& b ) { return !(a <= b); } bool operator >= ( const price& a, const price& b ) { return !(a < b); } asset operator * ( const asset& a, const price& b ) { if( a.asset_id == b.base.asset_id ) { FC_ASSERT( b.base.amount.value > 0 ); uint128_t result = (uint128_t(a.amount.value) * b.quote.amount.value)/b.base.amount.value; FC_ASSERT( result <= GRAPHENE_MAX_SHARE_SUPPLY ); return asset( result.convert_to(), b.quote.asset_id ); } else if( a.asset_id == b.quote.asset_id ) { FC_ASSERT( b.quote.amount.value > 0 ); uint128_t result = (uint128_t(a.amount.value) * b.base.amount.value)/b.quote.amount.value; FC_ASSERT( result <= GRAPHENE_MAX_SHARE_SUPPLY ); return asset( result.convert_to(), b.base.asset_id ); } FC_THROW_EXCEPTION( fc::assert_exception, "invalid asset * price", ("asset",a)("price",b) ); } price operator / ( const asset& base, const asset& quote ) { try { FC_ASSERT( base.asset_id != quote.asset_id ); return price{base,quote}; } FC_CAPTURE_AND_RETHROW( (base)(quote) ) } price price::max( asset_id_type base, asset_id_type quote ) { return asset( share_type(GRAPHENE_MAX_SHARE_SUPPLY), base ) / asset( share_type(1), quote); } price price::min( asset_id_type base, asset_id_type quote ) { return asset( 1, base ) / asset( GRAPHENE_MAX_SHARE_SUPPLY, quote); } /** * The black swan price is defined as debt/collateral, we want to perform a margin call * before debt == collateral. Given a debt/collateral ratio of 1 USD / CORE and * a maintenance collateral requirement of 2x we can define the call price to be * 2 USD / CORE. * * This method divides the collateral by the maintenance collateral ratio to derive * a call price for the given black swan ratio. * * There exists some cases where the debt and collateral values are so small that * dividing by the collateral ratio will result in a 0 price or really poor * rounding errors. No matter what the collateral part of the price ratio can * never go to 0 and the debt can never go more than GRAPHENE_MAX_SHARE_SUPPLY * * CR * DEBT/COLLAT or DEBT/(COLLAT/CR) */ price price::call_price( const asset& debt, const asset& collateral, uint16_t collateral_ratio) { try { //wdump((debt)(collateral)(collateral_ratio)); boost::rational swan(debt.amount.value,collateral.amount.value); boost::rational ratio( collateral_ratio, GRAPHENE_COLLATERAL_RATIO_DENOM ); auto cp = swan * ratio; while( cp.numerator() > GRAPHENE_MAX_SHARE_SUPPLY || cp.denominator() > GRAPHENE_MAX_SHARE_SUPPLY ) cp = boost::rational( (cp.numerator() >> 1)+1, (cp.denominator() >> 1)+1 ); return ~(asset( cp.numerator().convert_to(), debt.asset_id ) / asset( cp.denominator().convert_to(), collateral.asset_id )); } FC_CAPTURE_AND_RETHROW( (debt)(collateral)(collateral_ratio) ) } bool price::is_null() const { return *this == price(); } void price::validate() const { try { FC_ASSERT( base.amount > share_type(0) ); FC_ASSERT( quote.amount > share_type(0) ); FC_ASSERT( base.asset_id != quote.asset_id ); } FC_CAPTURE_AND_RETHROW( (base)(quote) ) } void price_feed::validate() const { try { if( !settlement_price.is_null() ) settlement_price.validate(); FC_ASSERT( maximum_short_squeeze_ratio >= GRAPHENE_MIN_COLLATERAL_RATIO ); FC_ASSERT( maximum_short_squeeze_ratio <= GRAPHENE_MAX_COLLATERAL_RATIO ); FC_ASSERT( maintenance_collateral_ratio >= GRAPHENE_MIN_COLLATERAL_RATIO ); FC_ASSERT( maintenance_collateral_ratio <= GRAPHENE_MAX_COLLATERAL_RATIO ); max_short_squeeze_price(); // make sure that it doesn't overflow //FC_ASSERT( maintenance_collateral_ratio >= maximum_short_squeeze_ratio ); } FC_CAPTURE_AND_RETHROW( (*this) ) } bool price_feed::is_for( asset_id_type asset_id ) const { try { if( !settlement_price.is_null() ) return (settlement_price.base.asset_id == asset_id); if( !core_exchange_rate.is_null() ) return (core_exchange_rate.base.asset_id == asset_id); // (null, null) is valid for any feed return true; } FC_CAPTURE_AND_RETHROW( (*this) ) } price price_feed::max_short_squeeze_price()const { boost::rational sp( settlement_price.base.amount.value, settlement_price.quote.amount.value ); //debt.amount.value,collateral.amount.value); boost::rational ratio( GRAPHENE_COLLATERAL_RATIO_DENOM, maximum_short_squeeze_ratio ); auto cp = sp * ratio; while( cp.numerator() > GRAPHENE_MAX_SHARE_SUPPLY || cp.denominator() > GRAPHENE_MAX_SHARE_SUPPLY ) cp = boost::rational( (cp.numerator() >> 1)+(cp.numerator()&1), (cp.denominator() >> 1)+(cp.denominator()&1) ); return (asset( cp.numerator().convert_to(), settlement_price.base.asset_id ) / asset( cp.denominator().convert_to(), settlement_price.quote.asset_id )); } // compile-time table of powers of 10 using template metaprogramming template< int N > struct p10 { static const int64_t v = 10 * p10::v; }; template<> struct p10<0> { static const int64_t v = 1; }; const int64_t scaled_precision_lut[19] = { p10< 0 >::v, p10< 1 >::v, p10< 2 >::v, p10< 3 >::v, p10< 4 >::v, p10< 5 >::v, p10< 6 >::v, p10< 7 >::v, p10< 8 >::v, p10< 9 >::v, p10< 10 >::v, p10< 11 >::v, p10< 12 >::v, p10< 13 >::v, p10< 14 >::v, p10< 15 >::v, p10< 16 >::v, p10< 17 >::v, p10< 18 >::v }; } } // graphene::chain