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[Staking] Currency <> Fungible migration #5501

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@Ank4n Ank4n commented Aug 27, 2024

Migrate staking currency from traits::LockableCurrency to traits::fungible::holds.

Resolves part of #226.

Changes

Nomination Pool

TransferStake is now incompatible with fungible migration as old pools were not meant to have additional ED. Since they are anyways deprecated, removed its usage from all test runtimes.

Staking

  • Config: Currency becomes of type Fungible while OldCurrency is the LockableCurrency used before.
  • Lazy migration of accounts. Any ledger update will create a new hold with no extra reads/writes. A permissionless extrinsic migrate_currency() releases the old lock along with some housekeeping.
  • Staking now requires ED to be left free. It also adds no consumer to staking accounts.
  • If hold cannot be applied to all stake, the un-holdable part is force withdrawn from the ledger.

Delegated Staking

The pallet does not add provider for agents anymore.
TODO: check again if unclaimed withdrawals would be affected by this.

Migration stats (needs update)

Polkadot

Total accounts that can be migrated: 59564
Accounts failing to migrate: 0
Accounts with some stake force withdrawn: 59
Total force withdrawal: 29591.26 DOT

Kusama

Total accounts that can be migrated: 26311
Accounts failing to migrate: 0
Accounts with some stake force withdrawn: 48
Total force withdrawal: 1036.05 KSM

Full logs here.

Note about locks (freeze) vs holds

With locks or freezes, staking could use total balance of an account. But with holds, the account needs to be left with at least Existential Deposit in free balance. This would also affect nomination pools which till now has been able to stake all funds contributed to it. An alternate version of this PR is #5658 where staking pallet does not add any provider, but means pools and delegated-staking pallet has to provide for these accounts and makes the end to end logic (of provider and consumer ref) lot less intuitive and prone to bug.

This PR now introduces requirement for stakers to maintain ED in their free balance. This helps with removing the bug prone incrementing and decrementing of consumers and providers.

TODO

  • Test: Vesting + governance locked funds can be staked.
  • can Call::restore_ledger be removed? @gpestana
  • Investigate kusama accounts with balance between 0 and ED.
  • Permissionless call to release lock.
  • Migration of consumer (dec) and provider (inc) for direct stakers.
  • force unstake if hold cannot be applied to all stake.
  • Fix try state checks (it thinks nothing is staked for unmigrated ledgers).
  • Bench migrate_currency.
  • Virtual Staker migration test.
  • Ensure total issuance is upto date when minting rewards.

Followup

@Ank4n Ank4n changed the base branch from master to ankan/staking-migrate-currency-to-fungible August 27, 2024 12:20
@Ank4n Ank4n marked this pull request as ready for review November 28, 2024 12:13
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All GitHub workflows were cancelled due to failure one of the required jobs.
Failed workflow url: https://github.com/paritytech/polkadot-sdk/actions/runs/12069377708
Failed job name: test-linux-stable

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All GitHub workflows were cancelled due to failure one of the required jobs.
Failed workflow url: https://github.com/paritytech/polkadot-sdk/actions/runs/12069377705
Failed job name: cargo-clippy

@@ -38,9 +38,9 @@ pub fn config_endowed(extra_endowed: Vec<AccountId>) -> RuntimeGenesisConfig {
(alice(), 111 * DOLLARS),
(bob(), 100 * DOLLARS),
(charlie(), 100_000_000 * DOLLARS),
(dave(), 111 * DOLLARS),
(dave(), 112 * DOLLARS),
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Bumping up the balance by ED for stakers here. With this PR, we require at least ED to be left free in the staking account.

@@ -77,7 +79,7 @@ frame_support::construct_runtime!(
}
);

pub(crate) type AccountId = u64;
pub(crate) type AccountId = u128;
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with u64, pool pot accounts have collisions.

.chain(validators_range.clone().map(|x| (x, 7 + 100)))
.chain(nominators_range.clone().map(|x| (x, 7 + 100)))
// give stakers enough balance for stake, ed and fast unstake deposit.
.chain(validators_range.clone().map(|x| (x, 7 + 1 + 100)))
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providing additional ED to stakers.

// account endowed + some funds rescinded from issuance.
assert_eq!(System::<T>::read_events_for_pallet::<pallet_balances::Event<T>>().len(), 2 * (n + 1) as usize + 3);
// deposit to reporter + reporter account endowed.
assert_eq!(System::<T>::read_events_for_pallet::<pallet_balances::Event<T>>().len(), 2);
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changes in which events are emitted is due to moving from Currency to Fungibles trait.

(21, self.balance_factor * 1000),
(31, self.balance_factor * 500),
(41, self.balance_factor * 1000),
(11, self.balance_factor * 1500),
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minting some extra balance into stakers so they always have at least ED as free balance.

@Ank4n Ank4n requested a review from Zebedeusz December 5, 2024 10:19
// Get rid of the extra consumer we used to have with OldCurrency.
frame_system::Pallet::<T>::dec_consumers(&stash);

Self::deposit_event(Event::<T>::CurrencyMigrated { stash: stash.clone(), force_withdraw });
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Is this event suppossed to notify of how much funds were migrated?
Because by looking at the if-else above it looks like it's more like funds_still_locked_in_old_currency.

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Not sure if I understand funds_still_locked_in_old_currency ? Once we get here, there should be nothing locked with old currency.

The event is meant to notify clients that the given account has migrated to new currency along with the information if their ledger has reduced by some balance because of this operation.

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I understood that the "else" condition is when someone has more funds locked for staking than in their free balance thus we cannot "hold" as much as is needed so we go just for as much as possible.
Regarding funds_still_locked_in_old_currency, I called it so because in if zero value is returned and in else it's the difference between staked and free balance and since the free balance will be held then the result is what's left to unlock and move to hold.
Is my reasoning correct?

@@ -89,13 +93,27 @@ pub mod pallet {

#[pallet::config(with_default)]
pub trait Config: frame_system::Config {
/// The old trait for staking balance. Deprecated and only used for migrating old ledgers.
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Shouldn't the pallet be annotated with deprecated then?

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Not pallet but yeah may be config item can be annotated as deprecated (if its possible).

///
/// Does not include the current stake.
pub fn free_to_stake<T: Config>(who: &T::AccountId) -> BalanceOf<T> {
// since we want to be able to use frozen funds for staking, we force the reduction.
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The note was related to the usage of Fortitude::Force. Any funds that is locked or frozen (such as for governance or vesting) should still be usable for staking.

@gpestana gpestana self-requested a review December 9, 2024 13:19
let _ = T::Currency::set_balance(who, value - staked_balance + ed);
} else {
// else reduce the staked balance.
update_stake::<T>(who, value).expect("can remove from what is staked");
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Suggested change
update_stake::<T>(who, value).expect("can remove from what is staked");
update_stake::<T>(who, value).expect("cannot remove from what is staked");

#[test]
fn ledger_update_creates_hold() {
ExtBuilder::default().has_stakers(true).build_and_execute(|| {
// GIVEN alice who is a nominator with old currency
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Suggested change
// GIVEN alice who is a nominator with old currency
// GIVEN alice who is a nominator with new currency

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