/* * Copyright (c) 2015, Cryptonomex, Inc. * All rights reserved. * * This source code is provided for evaluation in private test networks only, until September 8, 2015. After this date, this license expires and * the code may not be used, modified or distributed for any purpose. Redistribution and use in source and binary forms, with or without modification, * are permitted until September 8, 2015, provided that the following conditions are met: * * 1. The code and/or derivative works are used only for private test networks consisting of no more than 10 P2P nodes. * * 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 #include #include #include #include #include namespace graphene { namespace chain { /** for each short order, fill it at settlement price and place funds received into a total calculate the USD->CORE price and convert all USD balances to CORE at that price and subtract CORE from total - any fees accumulated by the issuer in the bitasset are forfeit / not redeemed - cancel all open orders with bitasset in it - any bitassets that use this bitasset as collateral are immediately settled at their feed price - convert all balances in bitasset to CORE and subtract from total - any prediction markets with usd as the backing get converted to CORE as the backing any CORE left over due to rounding errors is paid to accumulated fees */ void database::globally_settle_asset( const asset_object& mia, const price& settlement_price ) { try { elog( "BLACK SWAN!" ); debug_dump(); edump( (mia.symbol)(settlement_price) ); const asset_bitasset_data_object& bitasset = mia.bitasset_data(*this); const asset_object& backing_asset = bitasset.options.short_backing_asset(*this); asset collateral_gathered = backing_asset.amount(0); const asset_dynamic_data_object& mia_dyn = mia.dynamic_asset_data_id(*this); auto original_mia_supply = mia_dyn.current_supply; const call_order_index& call_index = get_index_type(); const auto& call_price_index = call_index.indices().get(); auto call_itr = call_price_index.lower_bound( price::min( bitasset.options.short_backing_asset, mia.id ) ); auto call_end = call_price_index.upper_bound( price::max( bitasset.options.short_backing_asset, mia.id ) ); while( call_itr != call_end ) { auto pays = call_itr->get_debt() * settlement_price; wdump( (call_itr->get_debt() ) ); collateral_gathered += pays; const auto& order = *call_itr; ++call_itr; FC_ASSERT( fill_order( order, pays, order.get_debt() ) ); } const limit_order_index& limit_index = get_index_type(); const auto& limit_price_index = limit_index.indices().get(); auto max_short_squeeze = bitasset.current_feed.max_short_squeeze_price(); // cancel all orders selling the market issued asset auto limit_itr = limit_price_index.lower_bound(price::max(mia.id, bitasset.options.short_backing_asset)); auto limit_end = limit_price_index.upper_bound(~max_short_squeeze); while( limit_itr != limit_end ) { const auto& order = *limit_itr; ilog( "CANCEL LIMIT ORDER" ); idump((order)); ++limit_itr; cancel_order( order ); } limit_itr = limit_price_index.begin(); while( limit_itr != limit_end ) { if( limit_itr->amount_for_sale().asset_id == mia.id ) { const auto& order = *limit_itr; ilog( "CANCEL_AGAIN" ); edump((order)); ++limit_itr; cancel_order( order ); } } limit_itr = limit_price_index.begin(); while( limit_itr != limit_end ) { if( limit_itr->amount_for_sale().asset_id == mia.id ) { const auto& order = *limit_itr; edump((order)); ++limit_itr; cancel_order( order ); } } // settle all balances asset total_mia_settled = mia.amount(0); const auto& index = get_index_type().indices().get(); auto range = index.equal_range(mia.get_id()); for( auto itr = range.first; itr != range.second; ++itr ) { auto mia_balance = itr->get_balance(); if( mia_balance.amount > 0 ) { adjust_balance(itr->owner, -mia_balance); auto settled_amount = mia_balance * settlement_price; idump( (mia_balance)(settled_amount)(settlement_price) ); adjust_balance(itr->owner, settled_amount); total_mia_settled += mia_balance; collateral_gathered -= settled_amount; } } // TODO: convert payments held in escrow modify( mia_dyn, [&]( asset_dynamic_data_object& obj ){ total_mia_settled.amount += obj.accumulated_fees; obj.accumulated_fees = 0; }); wlog( "====================== AFTER SETTLE BLACK SWAN UNCLAIMED SETTLEMENT FUNDS ==============\n" ); wdump((collateral_gathered)(total_mia_settled)(original_mia_supply)(mia_dyn.current_supply)); modify( bitasset.options.short_backing_asset(*this).dynamic_asset_data_id(*this), [&]( asset_dynamic_data_object& obj ){ obj.accumulated_fees += collateral_gathered.amount; }); FC_ASSERT( total_mia_settled.amount == original_mia_supply, "", ("total_settled",total_mia_settled)("original",original_mia_supply) ); } FC_CAPTURE_AND_RETHROW( (mia)(settlement_price) ) } void database::cancel_order(const force_settlement_object& order, bool create_virtual_op) { adjust_balance(order.owner, order.balance); remove(order); if( create_virtual_op ) { // TODO: create virtual op } } void database::cancel_order( const limit_order_object& order, bool create_virtual_op ) { auto refunded = order.amount_for_sale(); modify( order.seller(*this).statistics(*this),[&]( account_statistics_object& obj ){ if( refunded.asset_id == asset_id_type() ) obj.total_core_in_orders -= refunded.amount; }); adjust_balance(order.seller, refunded); if( create_virtual_op ) { // TODO: create a virtual cancel operation } remove( order ); } /** * Matches the two orders, * * @return a bit field indicating which orders were filled (and thus removed) * * 0 - no orders were matched * 1 - bid was filled * 2 - ask was filled * 3 - both were filled */ template int database::match( const limit_order_object& usd, const OrderType& core, const price& match_price ) { assert( usd.sell_price.quote.asset_id == core.sell_price.base.asset_id ); assert( usd.sell_price.base.asset_id == core.sell_price.quote.asset_id ); assert( usd.for_sale > 0 && core.for_sale > 0 ); auto usd_for_sale = usd.amount_for_sale(); auto core_for_sale = core.amount_for_sale(); asset usd_pays, usd_receives, core_pays, core_receives; if( usd_for_sale <= core_for_sale * match_price ) { core_receives = usd_for_sale; usd_receives = usd_for_sale * match_price; } else { //This line once read: assert( core_for_sale < usd_for_sale * match_price ); //This assert is not always true -- see trade_amount_equals_zero in operation_tests.cpp //Although usd_for_sale is greater than core_for_sale * match_price, core_for_sale == usd_for_sale * match_price //Removing the assert seems to be safe -- apparently no asset is created or destroyed. usd_receives = core_for_sale; core_receives = core_for_sale * match_price; } core_pays = usd_receives; usd_pays = core_receives; assert( usd_pays == usd.amount_for_sale() || core_pays == core.amount_for_sale() ); int result = 0; result |= fill_order( usd, usd_pays, usd_receives ); result |= fill_order( core, core_pays, core_receives ) << 1; assert( result != 0 ); return result; } int database::match( const limit_order_object& bid, const limit_order_object& ask, const price& match_price ) { return match( bid, ask, match_price ); } asset database::match( const call_order_object& call, const force_settlement_object& settle, const price& match_price, asset max_settlement ) { assert(call.get_debt().asset_id == settle.balance.asset_id ); assert(call.debt > 0 && call.collateral > 0 && settle.balance.amount > 0); auto settle_for_sale = std::min(settle.balance, max_settlement); auto call_debt = call.get_debt(); asset call_receives = std::min(settle_for_sale, call_debt), call_pays = call_receives * match_price, settle_pays = call_receives, settle_receives = call_pays; assert( settle_pays == settle_for_sale || call_receives == call.get_debt() ); fill_order(call, call_pays, call_receives); fill_order(settle, settle_pays, settle_receives); return call_receives; } bool database::fill_order( const limit_order_object& order, const asset& pays, const asset& receives ) { assert( order.amount_for_sale().asset_id == pays.asset_id ); assert( pays.asset_id != receives.asset_id ); const account_object& seller = order.seller(*this); const asset_object& recv_asset = receives.asset_id(*this); auto issuer_fees = pay_market_fees( recv_asset, receives ); pay_order( seller, receives - issuer_fees, pays ); push_applied_operation( fill_order_operation{ order.id, order.seller, pays, receives, issuer_fees } ); if( pays == order.amount_for_sale() ) { remove( order ); return true; } else { modify( order, [&]( limit_order_object& b ) { b.for_sale -= pays.amount; }); /** * There are times when the AMOUNT_FOR_SALE * SALE_PRICE == 0 which means that we * have hit the limit where the seller is asking for nothing in return. When this * happens we must refund any balance back to the seller, it is too small to be * sold at the sale price. */ if( order.amount_to_receive().amount == 0 ) { cancel_order(order); return true; } return false; } } bool database::fill_order( const call_order_object& order, const asset& pays, const asset& receives ) { try { idump((pays)(receives)(order)); assert( order.get_debt().asset_id == receives.asset_id ); assert( order.get_collateral().asset_id == pays.asset_id ); assert( order.get_collateral() >= pays ); optional collateral_freed; modify( order, [&]( call_order_object& o ){ o.debt -= receives.amount; o.collateral -= pays.amount; if( o.debt == 0 ) { collateral_freed = o.get_collateral(); o.collateral = 0; } }); const asset_object& mia = receives.asset_id(*this); assert( mia.is_market_issued() ); const asset_dynamic_data_object& mia_ddo = mia.dynamic_asset_data_id(*this); modify( mia_ddo, [&]( asset_dynamic_data_object& ao ){ idump((receives)); ao.current_supply -= receives.amount; }); const account_object& borrower = order.borrower(*this); if( collateral_freed || pays.asset_id == asset_id_type() ) { const account_statistics_object& borrower_statistics = borrower.statistics(*this); if( collateral_freed ) adjust_balance(borrower.get_id(), *collateral_freed); modify( borrower_statistics, [&]( account_statistics_object& b ){ if( collateral_freed && collateral_freed->amount > 0 ) b.total_core_in_orders -= collateral_freed->amount; if( pays.asset_id == asset_id_type() ) b.total_core_in_orders -= pays.amount; assert( b.total_core_in_orders >= 0 ); }); } if( collateral_freed ) { remove( order ); } push_applied_operation( fill_order_operation{ order.id, order.borrower, pays, receives, asset(0, pays.asset_id) } ); return collateral_freed.valid(); } FC_CAPTURE_AND_RETHROW( (order)(pays)(receives) ) } bool database::fill_order(const force_settlement_object& settle, const asset& pays, const asset& receives) { try { bool filled = false; auto issuer_fees = pay_market_fees(get(receives.asset_id), receives); if( pays < settle.balance ) { modify(settle, [&pays](force_settlement_object& s) { s.balance -= pays; }); filled = false; } else { remove(settle); filled = true; } adjust_balance(settle.owner, receives - issuer_fees); push_applied_operation( fill_order_operation{ settle.id, settle.owner, pays, receives, issuer_fees } ); return filled; } FC_CAPTURE_AND_RETHROW( (settle)(pays)(receives) ) } /** * Starting with the least collateralized orders, fill them if their * call price is above the max(lowest bid,call_limit). * * This method will return true if it filled a short or limit * * @param mia - the market issued asset that should be called. * @param enable_black_swan - when adjusting collateral, triggering a black swan is invalid and will throw * if enable_black_swan is not set to true. * * @return true if a margin call was executed. */ bool database::check_call_orders( const asset_object& mia, bool enable_black_swan ) { try { if( !mia.is_market_issued() ) return false; const asset_bitasset_data_object& bitasset = mia.bitasset_data(*this); if( bitasset.current_feed.settlement_price.is_null() ) return false; if( bitasset.is_prediction_market ) return false; const call_order_index& call_index = get_index_type(); const auto& call_price_index = call_index.indices().get(); const limit_order_index& limit_index = get_index_type(); const auto& limit_price_index = limit_index.indices().get(); auto max_price = price::max( mia.id, bitasset.options.short_backing_asset ); auto min_price = bitasset.current_feed.max_short_squeeze_price(); /* if( require_orders ) { for( const auto& order : limit_price_index ) wdump((order)(order.sell_price.to_real())); for( const auto& call : call_price_index ) idump((call)(call.call_price.to_real())); // limit pirce index is sorted from highest price to lowest price. //auto limit_itr = limit_price_index.lower_bound( price::max( mia.id, bitasset.options.short_backing_asset ) ); wdump((max_price)(max_price.to_real())); wdump((min_price)(min_price.to_real())); } */ FC_ASSERT( max_price.base.asset_id == min_price.base.asset_id ); // wlog( "from ${a} Debt/Col to ${b} Debt/Col ", ("a", max_price.to_real())("b",min_price.to_real()) ); // NOTE limit_price_index is sorted from greatest to least auto limit_itr = limit_price_index.lower_bound( max_price ); auto limit_end = limit_price_index.upper_bound( min_price ); /* if( limit_itr != limit_price_index.end() ) wdump((*limit_itr)(limit_itr->sell_price.to_real())); if( limit_end != limit_price_index.end() ) wdump((*limit_end)(limit_end->sell_price.to_real())); */ if( limit_itr == limit_end ) { //wlog( "no orders available to fill margin calls" ); return false; } auto call_itr = call_price_index.lower_bound( price::min( bitasset.options.short_backing_asset, mia.id ) ); auto call_end = call_price_index.upper_bound( price::max( bitasset.options.short_backing_asset, mia.id ) ); bool filled_short_or_limit = false; while( call_itr != call_end ) { bool filled_call = false; price match_price; asset usd_for_sale; if( limit_itr != limit_end ) { assert( limit_itr != limit_price_index.end() ); match_price = limit_itr->sell_price; usd_for_sale = limit_itr->amount_for_sale(); } else return filled_short_or_limit; match_price.validate(); if( match_price > ~call_itr->call_price ) { return filled_short_or_limit; } auto usd_to_buy = call_itr->get_debt(); if( usd_to_buy * match_price > call_itr->get_collateral() ) { FC_ASSERT( enable_black_swan ); elog( "black swan, we do not have enough collateral to cover at this price" ); globally_settle_asset( mia, call_itr->get_debt() / call_itr->get_collateral() ); return true; } asset call_pays, call_receives, order_pays, order_receives; if( usd_to_buy >= usd_for_sale ) { // fill order call_receives = usd_for_sale; order_receives = usd_for_sale * match_price; call_pays = order_receives; order_pays = usd_for_sale; filled_short_or_limit = true; filled_call = (usd_to_buy == usd_for_sale); } else // fill call { call_receives = usd_to_buy; order_receives = usd_to_buy * match_price; call_pays = order_receives; order_pays = usd_to_buy; filled_call = true; } auto old_call_itr = call_itr; if( filled_call ) ++call_itr; fill_order( *old_call_itr, call_pays, call_receives ); auto old_limit_itr = !filled_call ? limit_itr++ : limit_itr; fill_order( *old_limit_itr, order_pays, order_receives ); } // whlie call_itr != call_end return filled_short_or_limit; } FC_CAPTURE_AND_RETHROW() } void database::pay_order( const account_object& receiver, const asset& receives, const asset& pays ) { const auto& balances = receiver.statistics(*this); modify( balances, [&]( account_statistics_object& b ){ if( pays.asset_id == asset_id_type() ) b.total_core_in_orders -= pays.amount; }); adjust_balance(receiver.get_id(), receives); } /** * For Market Issued assets Managed by Delegates, any fees collected in the MIA need * to be sold and converted into CORE by accepting the best offer on the table. */ bool database::convert_fees( const asset_object& mia ) { if( mia.issuer != account_id_type() ) return false; return false; } asset database::calculate_market_fee( const asset_object& trade_asset, const asset& trade_amount ) { assert( trade_asset.id == trade_amount.asset_id ); if( !trade_asset.charges_market_fees() ) return trade_asset.amount(0); if( trade_asset.options.market_fee_percent == 0 ) return trade_asset.amount(trade_asset.options.min_market_fee); fc::uint128 a(trade_amount.amount.value); a *= trade_asset.options.market_fee_percent; a /= GRAPHENE_100_PERCENT; asset percent_fee = trade_asset.amount(a.to_uint64()); if( percent_fee.amount > trade_asset.options.max_market_fee ) percent_fee.amount = trade_asset.options.max_market_fee; else if( percent_fee.amount < trade_asset.options.min_market_fee ) percent_fee.amount = trade_asset.options.min_market_fee; return percent_fee; } asset database::pay_market_fees( const asset_object& recv_asset, const asset& receives ) { auto issuer_fees = calculate_market_fee( recv_asset, receives ); assert(issuer_fees <= receives ); //Don't dirty undo state if not actually collecting any fees if( issuer_fees.amount > 0 ) { const auto& recv_dyn_data = recv_asset.dynamic_asset_data_id(*this); modify( recv_dyn_data, [&]( asset_dynamic_data_object& obj ){ //idump((issuer_fees)); obj.accumulated_fees += issuer_fees.amount; }); } return issuer_fees; } } }