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Liquidations

Foundry CI GitBook - Documentation Foundry License: BUSL 1.1

Overview

This repository holds the Liquidator contract. Whenever a borrower is no longer able to meet their obligations and a loan goes into default, the liquidation process can be triggered by the pool delegate which issued the loan. The goal of this process is to recover as much liquidity as possible from any assets that are still recoverable and minimize the losses suffered by the pool.

Dependencies/Inheritance

Contracts in this repo inherit and import code from:

Contracts inherit and import code in the following ways:

  • Liquidator uses ERC20Helper for token interactions.
  • Liquidator inherits MapleProxiedInternals for proxy logic.
  • LiquidatorFactory inherits MapleProxyFactory for proxy deployment and management.

Versions of dependencies can be checked with git submodule status.

Setup

This project was built using Foundry. Refer to installation instructions here.

git clone [email protected]:maple-labs/liquidations.git
cd liquidations
forge install

Running Tests

  • Set the enviroment variable ETH_RPC_URL to mainnet url
  • To run all tests: forge test
  • To run specific tests: forge test --match <test_name>

./scripts/test.sh is used to enable Foundry profile usage with the -p flag. Profiles are used to specify the number of fuzz runs.

Audit Reports

Auditor Report Link
Trail of Bits - LoanV2 2021-12-28 - Trail of Bits Report
Code 4rena - LoanV2 2022-01-05 - C4 Report
Trail of Bits - LoanV3 2022-04-12 - Trail of Bits Report
Code 4rena - LoanV3 2022-04-20 - C4 Report
Trail of Bits 2022-08-24 - Trail of Bits Report
Spearbit 2022-10-17 - Spearbit Report
Three Sigma 2022-10-24 - Three Sigma Report

Bug Bounty

For all information related to the ongoing bug bounty for these contracts run by Immunefi, please visit this site.

About Maple

Maple Finance is a decentralized corporate credit market. Maple provides capital to institutional borrowers through globally accessible fixed-income yield opportunities.