Remove self collateral factor configuration from risk manager

euler-xyz · Mar 9, 2023 · 967a7ce · 967a7ce
1 parent e3b1e3b
commit 967a7ce
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Showing 5 changed files with 9 additions and 21 deletions.
diff --git a/contracts/Constants.sol b/contracts/Constants.sol
@@ -25,6 +25,7 @@ abstract contract Constants {
     uint16 internal constant MIN_UNISWAP3_OBSERVATION_CARDINALITY = 144;
     uint24 internal constant DEFAULT_TWAP_WINDOW_SECONDS = 30 * 60;
     uint32 internal constant DEFAULT_BORROW_FACTOR = uint32(0.28 * 4_000_000_000);
+    uint32 internal constant SELF_COLLATERAL_FACTOR = uint32(0.95 * 4_000_000_000);
 
 
     // Implementation internals

diff --git a/contracts/IRiskManager.sol b/contracts/IRiskManager.sol
@@ -35,6 +35,4 @@ interface IRiskManager {
 
     function getPrice(address underlying) external view returns (uint twap, uint twapPeriod);
     function getPriceFull(address underlying) external view returns (uint twap, uint twapPeriod, uint currPrice);
-
-    function selfCollateralFactor() external view returns (uint32);
 }
diff --git a/contracts/modules/Liquidation.sol b/contracts/modules/Liquidation.sol
@@ -7,7 +7,7 @@ import "../BaseLogic.sol";
 
 /// @notice Liquidate users who are in collateral violation to protect lenders
 contract Liquidation is BaseLogic {
-    constructor(bytes32 moduleGitCommit_, uint32 selfCollateralFactor_) BaseLogic(MODULEID__LIQUIDATION, moduleGitCommit_) {}
+    constructor(bytes32 moduleGitCommit_) BaseLogic(MODULEID__LIQUIDATION, moduleGitCommit_) {}
 
     // How much of a liquidation is credited to the underlying's reserves.
     uint public constant UNDERLYING_RESERVES_FEE = 0.02 * 1e18;
@@ -145,7 +145,7 @@ contract Liquidation is BaseLogic {
             // self-collateralization is an implicit override
             if (!overrideConfig.enabled && liqLocs.underlying == liqLocs.collateral) {
                 overrideConfig.enabled = true;
-                overrideConfig.collateralFactor = getSelfCollateralFactor();
+                overrideConfig.collateralFactor = SELF_COLLATERAL_FACTOR;
             }
             // the liquidated collateral has active override with liability
             if (overrideConfig.enabled) {
@@ -395,9 +395,4 @@ contract Liquidation is BaseLogic {
     function emitLiquidationLog(LiquidationLocals memory liqLocs, uint repay, uint yield) private {
         emit Liquidation(liqLocs.liquidator, liqLocs.violator, liqLocs.underlying, liqLocs.collateral, repay, yield, liqLocs.liqOpp.healthScore, liqLocs.liqOpp.baseDiscount, liqLocs.liqOpp.discount);
     }
-
-    function getSelfCollateralFactor() private returns (uint32) {
-        bytes memory result = callInternalModule(MODULEID__RISK_MANAGER, abi.encodeWithSelector(IRiskManager.selfCollateralFactor.selector));
-        return abi.decode(result, (uint32));
-    }
 }
diff --git a/contracts/modules/RiskManager.sol b/contracts/modules/RiskManager.sol
@@ -25,8 +25,6 @@ interface IChainlinkAggregatorV2V3 {
 
 contract RiskManager is IRiskManager, BaseLogic {
     // Construction
-    uint32 immutable public selfCollateralFactor;
-
     address immutable referenceAsset; // Token must have 18 decimals
     address immutable uniswapFactory;
     bytes32 immutable uniswapPoolInitCodeHash;
@@ -37,12 +35,10 @@ contract RiskManager is IRiskManager, BaseLogic {
         bytes32 uniswapPoolInitCodeHash;
     }
 
-    constructor(bytes32 moduleGitCommit_, RiskManagerSettings memory settings, uint32 selfCollateralFactor_) BaseLogic(MODULEID__RISK_MANAGER, moduleGitCommit_) {
+    constructor(bytes32 moduleGitCommit_, RiskManagerSettings memory settings) BaseLogic(MODULEID__RISK_MANAGER, moduleGitCommit_) {
         referenceAsset = settings.referenceAsset;
         uniswapFactory = settings.uniswapFactory;
         uniswapPoolInitCodeHash = settings.uniswapPoolInitCodeHash;
-
-        selfCollateralFactor = selfCollateralFactor_;
     }
 
 
@@ -349,7 +345,7 @@ contract RiskManager is IRiskManager, BaseLogic {
                     // self-collateralization is an implicit override
                     if (!overrideConfig.enabled && singleLiability == underlying) {
                         overrideConfig.enabled = true;
-                        overrideConfig.collateralFactor = selfCollateralFactor;
+                        overrideConfig.collateralFactor = SELF_COLLATERAL_FACTOR;
                     }
                 }
 

diff --git a/test/lib/eTestLib.js b/test/lib/eTestLib.js
@@ -17,8 +17,6 @@ const { verifyBatch } = require("./deployLib");
 Error.stackTraceLimit = 10000;
 let conf;
 
-const SELF_COLLATERAL_FACTOR = 0.95 * 4e9
-
 const moduleIds = {
     // Public single-proxy modules
     INSTALLER: 1,
@@ -895,9 +893,9 @@ async function deployContracts(provider, wallets, tokenSetupName, verify = null)
         address: ctx.contracts.modules.markets.address, args: [gitCommit], contractPath: "contracts/modules/Markets.sol:Markets"
     };
 
-    ctx.contracts.modules.liquidation = await (await ctx.factories.Liquidation.deploy(gitCommit, SELF_COLLATERAL_FACTOR)).deployed();
+    ctx.contracts.modules.liquidation = await (await ctx.factories.Liquidation.deploy(gitCommit)).deployed();
     verification.contracts.modules.liquidation = {
-        address: ctx.contracts.modules.liquidation.address, args: [gitCommit, SELF_COLLATERAL_FACTOR], contractPath: "contracts/modules/Liquidation.sol:Liquidation"
+        address: ctx.contracts.modules.liquidation.address, args: [gitCommit], contractPath: "contracts/modules/Liquidation.sol:Liquidation"
     };
 
     ctx.contracts.modules.governance = await (await ctx.factories.Governance.deploy(gitCommit)).deployed();
@@ -930,9 +928,9 @@ async function deployContracts(provider, wallets, tokenSetupName, verify = null)
         address: ctx.contracts.modules.dToken.address, args: [gitCommit], contractPath: "contracts/modules/DToken.sol:DToken"
     };
 
-    ctx.contracts.modules.riskManager = await (await ctx.factories.RiskManager.deploy(gitCommit, riskManagerSettings, SELF_COLLATERAL_FACTOR)).deployed();
+    ctx.contracts.modules.riskManager = await (await ctx.factories.RiskManager.deploy(gitCommit, riskManagerSettings)).deployed();
     verification.contracts.modules.riskManager = {
-        address: ctx.contracts.modules.riskManager.address, args: [gitCommit, riskManagerSettings, SELF_COLLATERAL_FACTOR], contractPath: "contracts/modules/RiskManager.sol:RiskManager"
+        address: ctx.contracts.modules.riskManager.address, args: [gitCommit, riskManagerSettings], contractPath: "contracts/modules/RiskManager.sol:RiskManager"
     };
 
     ctx.contracts.modules.irmDefault = await (await ctx.factories.IRMDefault.deploy(gitCommit)).deployed();