// SPDX-License-Identifier: MIT
pragma solidity >=0.6.2;
/// @dev Interface of the ERC20 standard as defined in the EIP.
/// @dev This includes the optional name, symbol, and decimals metadata.
interface IERC20 {
/// @dev Emitted when `value` tokens are moved from one account (`from`) to another (`to`).
event Transfer(address indexed from, address indexed to, uint256 value);
/// @dev Emitted when the allowance of a `spender` for an `owner` is set, where `value`
/// is the new allowance.
event Approval(address indexed owner, address indexed spender, uint256 value);
/// @notice Returns the amount of tokens in existence.
function totalSupply() external view returns (uint256);
/// @notice Returns the amount of tokens owned by `account`.
function balanceOf(address account) external view returns (uint256);
/// @notice Moves `amount` tokens from the caller's account to `to`.
function transfer(address to, uint256 amount) external returns (bool);
/// @notice Returns the remaining number of tokens that `spender` is allowed
/// to spend on behalf of `owner`
function allowance(address owner, address spender) external view returns (uint256);
/// @notice Sets `amount` as the allowance of `spender` over the caller's tokens.
/// @dev Be aware of front-running risks: https://github.com/ethereum/EIPs/issues/20#issuecomment-263524729
function approve(address spender, uint256 amount) external returns (bool);
/// @notice Moves `amount` tokens from `from` to `to` using the allowance mechanism.
/// `amount` is then deducted from the caller's allowance.
function transferFrom(address from, address to, uint256 amount) external returns (bool);
/// @notice Returns the name of the token.
function name() external view returns (string memory);
/// @notice Returns the symbol of the token.
function symbol() external view returns (string memory);
/// @notice Returns the decimals places of the token.
function decimals() external view returns (uint8);
}
// SPDX-License-Identifier: MIT
pragma solidity >=0.6.2;
import "./IERC20.sol";
/// @dev Interface of the ERC4626 "Tokenized Vault Standard", as defined in
/// https://eips.ethereum.org/EIPS/eip-4626
interface IERC4626 is IERC20 {
event Deposit(address indexed sender, address indexed owner, uint256 assets, uint256 shares);
event Withdraw(
address indexed sender, address indexed receiver, address indexed owner, uint256 assets, uint256 shares
);
/// @notice Returns the address of the underlying token used for the Vault for accounting, depositing, and withdrawing.
/// @dev
/// - MUST be an ERC-20 token contract.
/// - MUST NOT revert.
function asset() external view returns (address assetTokenAddress);
/// @notice Returns the total amount of the underlying asset that is “managed” by Vault.
/// @dev
/// - SHOULD include any compounding that occurs from yield.
/// - MUST be inclusive of any fees that are charged against assets in the Vault.
/// - MUST NOT revert.
function totalAssets() external view returns (uint256 totalManagedAssets);
/// @notice Returns the amount of shares that the Vault would exchange for the amount of assets provided, in an ideal
/// scenario where all the conditions are met.
/// @dev
/// - MUST NOT be inclusive of any fees that are charged against assets in the Vault.
/// - MUST NOT show any variations depending on the caller.
/// - MUST NOT reflect slippage or other on-chain conditions, when performing the actual exchange.
/// - MUST NOT revert.
///
/// NOTE: This calculation MAY NOT reflect the “per-user” price-per-share, and instead should reflect the
/// “average-user’s” price-per-share, meaning what the average user should expect to see when exchanging to and
/// from.
function convertToShares(uint256 assets) external view returns (uint256 shares);
/// @notice Returns the amount of assets that the Vault would exchange for the amount of shares provided, in an ideal
/// scenario where all the conditions are met.
/// @dev
/// - MUST NOT be inclusive of any fees that are charged against assets in the Vault.
/// - MUST NOT show any variations depending on the caller.
/// - MUST NOT reflect slippage or other on-chain conditions, when performing the actual exchange.
/// - MUST NOT revert.
///
/// NOTE: This calculation MAY NOT reflect the “per-user” price-per-share, and instead should reflect the
/// “average-user’s” price-per-share, meaning what the average user should expect to see when exchanging to and
/// from.
function convertToAssets(uint256 shares) external view returns (uint256 assets);
/// @notice Returns the maximum amount of the underlying asset that can be deposited into the Vault for the receiver,
/// through a deposit call.
/// @dev
/// - MUST return a limited value if receiver is subject to some deposit limit.
/// - MUST return 2 ** 256 - 1 if there is no limit on the maximum amount of assets that may be deposited.
/// - MUST NOT revert.
function maxDeposit(address receiver) external view returns (uint256 maxAssets);
/// @notice Allows an on-chain or off-chain user to simulate the effects of their deposit at the current block, given
/// current on-chain conditions.
/// @dev
/// - MUST return as close to and no more than the exact amount of Vault shares that would be minted in a deposit
/// call in the same transaction. I.e. deposit should return the same or more shares as previewDeposit if called
/// in the same transaction.
/// - MUST NOT account for deposit limits like those returned from maxDeposit and should always act as though the
/// deposit would be accepted, regardless if the user has enough tokens approved, etc.
/// - MUST be inclusive of deposit fees. Integrators should be aware of the existence of deposit fees.
/// - MUST NOT revert.
///
/// NOTE: any unfavorable discrepancy between convertToShares and previewDeposit SHOULD be considered slippage in
/// share price or some other type of condition, meaning the depositor will lose assets by depositing.
function previewDeposit(uint256 assets) external view returns (uint256 shares);
/// @notice Mints shares Vault shares to receiver by depositing exactly amount of underlying tokens.
/// @dev
/// - MUST emit the Deposit event.
/// - MAY support an additional flow in which the underlying tokens are owned by the Vault contract before the
/// deposit execution, and are accounted for during deposit.
/// - MUST revert if all of assets cannot be deposited (due to deposit limit being reached, slippage, the user not
/// approving enough underlying tokens to the Vault contract, etc).
///
/// NOTE: most implementations will require pre-approval of the Vault with the Vault’s underlying asset token.
function deposit(uint256 assets, address receiver) external returns (uint256 shares);
/// @notice Returns the maximum amount of the Vault shares that can be minted for the receiver, through a mint call.
/// @dev
/// - MUST return a limited value if receiver is subject to some mint limit.
/// - MUST return 2 ** 256 - 1 if there is no limit on the maximum amount of shares that may be minted.
/// - MUST NOT revert.
function maxMint(address receiver) external view returns (uint256 maxShares);
/// @notice Allows an on-chain or off-chain user to simulate the effects of their mint at the current block, given
/// current on-chain conditions.
/// @dev
/// - MUST return as close to and no fewer than the exact amount of assets that would be deposited in a mint call
/// in the same transaction. I.e. mint should return the same or fewer assets as previewMint if called in the
/// same transaction.
/// - MUST NOT account for mint limits like those returned from maxMint and should always act as though the mint
/// would be accepted, regardless if the user has enough tokens approved, etc.
/// - MUST be inclusive of deposit fees. Integrators should be aware of the existence of deposit fees.
/// - MUST NOT revert.
///
/// NOTE: any unfavorable discrepancy between convertToAssets and previewMint SHOULD be considered slippage in
/// share price or some other type of condition, meaning the depositor will lose assets by minting.
function previewMint(uint256 shares) external view returns (uint256 assets);
/// @notice Mints exactly shares Vault shares to receiver by depositing amount of underlying tokens.
/// @dev
/// - MUST emit the Deposit event.
/// - MAY support an additional flow in which the underlying tokens are owned by the Vault contract before the mint
/// execution, and are accounted for during mint.
/// - MUST revert if all of shares cannot be minted (due to deposit limit being reached, slippage, the user not
/// approving enough underlying tokens to the Vault contract, etc).
///
/// NOTE: most implementations will require pre-approval of the Vault with the Vault’s underlying asset token.
function mint(uint256 shares, address receiver) external returns (uint256 assets);
/// @notice Returns the maximum amount of the underlying asset that can be withdrawn from the owner balance in the
/// Vault, through a withdraw call.
/// @dev
/// - MUST return a limited value if owner is subject to some withdrawal limit or timelock.
/// - MUST NOT revert.
function maxWithdraw(address owner) external view returns (uint256 maxAssets);
/// @notice Allows an on-chain or off-chain user to simulate the effects of their withdrawal at the current block,
/// given current on-chain conditions.
/// @dev
/// - MUST return as close to and no fewer than the exact amount of Vault shares that would be burned in a withdraw
/// call in the same transaction. I.e. withdraw should return the same or fewer shares as previewWithdraw if
/// called
/// in the same transaction.
/// - MUST NOT account for withdrawal limits like those returned from maxWithdraw and should always act as though
/// the withdrawal would be accepted, regardless if the user has enough shares, etc.
/// - MUST be inclusive of withdrawal fees. Integrators should be aware of the existence of withdrawal fees.
/// - MUST NOT revert.
///
/// NOTE: any unfavorable discrepancy between convertToShares and previewWithdraw SHOULD be considered slippage in
/// share price or some other type of condition, meaning the depositor will lose assets by depositing.
function previewWithdraw(uint256 assets) external view returns (uint256 shares);
/// @notice Burns shares from owner and sends exactly assets of underlying tokens to receiver.
/// @dev
/// - MUST emit the Withdraw event.
/// - MAY support an additional flow in which the underlying tokens are owned by the Vault contract before the
/// withdraw execution, and are accounted for during withdraw.
/// - MUST revert if all of assets cannot be withdrawn (due to withdrawal limit being reached, slippage, the owner
/// not having enough shares, etc).
///
/// Note that some implementations will require pre-requesting to the Vault before a withdrawal may be performed.
/// Those methods should be performed separately.
function withdraw(uint256 assets, address receiver, address owner) external returns (uint256 shares);
/// @notice Returns the maximum amount of Vault shares that can be redeemed from the owner balance in the Vault,
/// through a redeem call.
/// @dev
/// - MUST return a limited value if owner is subject to some withdrawal limit or timelock.
/// - MUST return balanceOf(owner) if owner is not subject to any withdrawal limit or timelock.
/// - MUST NOT revert.
function maxRedeem(address owner) external view returns (uint256 maxShares);
/// @notice Allows an on-chain or off-chain user to simulate the effects of their redeemption at the current block,
/// given current on-chain conditions.
/// @dev
/// - MUST return as close to and no more than the exact amount of assets that would be withdrawn in a redeem call
/// in the same transaction. I.e. redeem should return the same or more assets as previewRedeem if called in the
/// same transaction.
/// - MUST NOT account for redemption limits like those returned from maxRedeem and should always act as though the
/// redemption would be accepted, regardless if the user has enough shares, etc.
/// - MUST be inclusive of withdrawal fees. Integrators should be aware of the existence of withdrawal fees.
/// - MUST NOT revert.
///
/// NOTE: any unfavorable discrepancy between convertToAssets and previewRedeem SHOULD be considered slippage in
/// share price or some other type of condition, meaning the depositor will lose assets by redeeming.
function previewRedeem(uint256 shares) external view returns (uint256 assets);
/// @notice Burns exactly shares from owner and sends assets of underlying tokens to receiver.
/// @dev
/// - MUST emit the Withdraw event.
/// - MAY support an additional flow in which the underlying tokens are owned by the Vault contract before the
/// redeem execution, and are accounted for during redeem.
/// - MUST revert if all of shares cannot be redeemed (due to withdrawal limit being reached, slippage, the owner
/// not having enough shares, etc).
///
/// NOTE: some implementations will require pre-requesting to the Vault before a withdrawal may be performed.
/// Those methods should be performed separately.
function redeem(uint256 shares, address receiver, address owner) external returns (uint256 assets);
}
// SPDX-License-Identifier: AGPL-3.0-or-later
pragma solidity ^0.8.25;
import { IERC20 } from "lib/forge-std/src/interfaces/IERC20.sol";
import { IERC4626 } from "lib/forge-std/src/interfaces/IERC4626.sol";
interface PSMVariant1Like {
function dai() external view returns (address);
function gemJoin() external view returns (GemJoinLike);
function buyGem(address usr, uint256 gemAmt) external;
function sellGem(address usr, uint256 gemAmt) external;
function tout() external view returns (uint256);
}
interface GemJoinLike {
function gem() external view returns (address);
}
/**
* @notice Actions for swapping in PSM and depositing in an ERC4626 token.
* @dev This is for the first version of the PSM.
* Code: https://github.com/makerdao/dss-psm/blob/222c96d4047e76680ed6803f07dd61aa2590e42b/src/psm.sol
*/
contract PSMVariant1Actions {
uint256 private immutable GEM_CONVERSION_FACTOR;
PSMVariant1Like public immutable psm;
IERC20 public immutable dai;
IERC20 public immutable gem;
IERC4626 public immutable savingsToken;
constructor(address _psm, address _savingsToken) {
psm = PSMVariant1Like(_psm);
dai = IERC20(psm.dai());
gem = IERC20(psm.gemJoin().gem());
savingsToken = IERC4626(_savingsToken);
GEM_CONVERSION_FACTOR = 10 ** (dai.decimals() - gem.decimals());
// Infinite approvals
gem.approve(address(psm.gemJoin()), type(uint256).max); // For psm.sellGem()
dai.approve(address(psm), type(uint256).max); // For psm.buyGem()
dai.approve(address(savingsToken), type(uint256).max); // For savingsToken.deposit()
}
/**
* @notice Swap `gem` for `dai` in the PSM and deposit in the `savingsToken`.
* @dev Please note that `minAmountOut` is measured in `dai` due to increasing value of the `savingsToken`.
* `minAmountOut` is used to protect in the case PSM fees change.
* @param receiver The receiver of the `savingsToken`.
* @param amountIn The amount of the `gem` to swap.
* @param minAmountOut The minimum amount of `dai` to receive.
* @return amountOut The amount of `dai` deposited into the `savingsToken`.
*/
function swapAndDeposit(
address receiver,
uint256 amountIn,
uint256 minAmountOut
) external returns (uint256 amountOut) {
gem.transferFrom(msg.sender, address(this), amountIn);
// There may be a balance in this contract, so we determine the difference
uint256 balanceBefore = dai.balanceOf(address(this));
psm.sellGem(address(this), amountIn);
amountOut = dai.balanceOf(address(this)) - balanceBefore;
require(amountOut >= minAmountOut, "PSMVariant1Actions/amount-out-too-low");
savingsToken.deposit(amountOut, receiver);
}
/**
* @notice Withdraw a specified amount of output `gem` with a maximum limit of `savingsToken` (in DAI units).
* Use this if you want an exact amount of `gem` tokens out. IE pay someone 10k exactly.
* @dev Please note that `maxAmountIn` is measured in `dai` due to increasing value of the `savingsToken`.
* `maxAmountIn` is used to protect in the case PSM fees change.
* @param receiver The receiver of the `gem`.
* @param amountOut The amount of `gem` you want to receive.
* @param maxAmountIn The maximum amount of `dai` to pay for this swap.
* @return amountIn The amount of `dai` used for the swap.
*/
function withdrawAndSwap(
address receiver,
uint256 amountOut,
uint256 maxAmountIn
) external returns (uint256 amountIn) {
// Calculate the exact amount of required dai based on the expected output
// We are performing the calculation at https://github.com/makerdao/dss-psm/blob/222c96d4047e76680ed6803f07dd61aa2590e42b/src/psm.sol#L121
uint256 amountOut18 = amountOut * GEM_CONVERSION_FACTOR;
savingsToken.withdraw(amountOut18 + amountOut18 * psm.tout() / 1e18, address(this), msg.sender);
// There may be a balance in this contract, so we determine the difference
uint256 balanceBefore = dai.balanceOf(address(this));
psm.buyGem(receiver, amountOut);
amountIn = balanceBefore - dai.balanceOf(address(this));
require(amountIn <= maxAmountIn, "PSMVariant1Actions/amount-in-too-high");
}
/**
* @notice Redeem a specified amount of `savingsToken` from the `savingsToken` for `dai` and swap for `gem` in the PSM.
* Use this if you want to withdraw everything.
* @dev Please note that this will leave dust due to rounding error in this contract.
* @param receiver The receiver of the `gem`.
* @param shares The amount of shares to redeem.
* @param minAmountOut The minimum amount of `gem` to receive.
* @return amountOut The amount of `gem` tokens received.
*/
function redeemAndSwap(
address receiver,
uint256 shares,
uint256 minAmountOut
) external returns (uint256 amountOut) {
uint256 assets = savingsToken.redeem(shares, address(this), msg.sender);
// Calculate the exact amount of gems we expect to receive given this amount of assets
// We are reversing the calculation at https://github.com/makerdao/dss-psm/blob/222c96d4047e76680ed6803f07dd61aa2590e42b/src/psm.sol#L121
// Note: Due to rounding, this may leave dai dust in the contract
amountOut = assets * 1e18 / (GEM_CONVERSION_FACTOR * (1e18 + psm.tout()));
require(amountOut >= minAmountOut, "PSMVariant1Actions/amount-out-too-low");
psm.buyGem(receiver, amountOut);
}
}
{
"compilationTarget": {
"src/PSMVariant1Actions.sol": "PSMVariant1Actions"
},
"evmVersion": "paris",
"libraries": {},
"metadata": {
"bytecodeHash": "ipfs"
},
"optimizer": {
"enabled": true,
"runs": 100000
},
"remappings": [
":ds-test/=lib/erc20-helpers/lib/forge-std/lib/ds-test/src/",
":erc20-helpers/=lib/erc20-helpers/src/",
":forge-std/=lib/forge-std/src/"
]
}
[{"inputs":[{"internalType":"address","name":"_psm","type":"address"},{"internalType":"address","name":"_savingsToken","type":"address"}],"stateMutability":"nonpayable","type":"constructor"},{"inputs":[],"name":"dai","outputs":[{"internalType":"contract IERC20","name":"","type":"address"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"gem","outputs":[{"internalType":"contract IERC20","name":"","type":"address"}],"stateMutability":"view","type":"function"},{"inputs":[],"name":"psm","outputs":[{"internalType":"contract PSMVariant1Like","name":"","type":"address"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"address","name":"receiver","type":"address"},{"internalType":"uint256","name":"shares","type":"uint256"},{"internalType":"uint256","name":"minAmountOut","type":"uint256"}],"name":"redeemAndSwap","outputs":[{"internalType":"uint256","name":"amountOut","type":"uint256"}],"stateMutability":"nonpayable","type":"function"},{"inputs":[],"name":"savingsToken","outputs":[{"internalType":"contract IERC4626","name":"","type":"address"}],"stateMutability":"view","type":"function"},{"inputs":[{"internalType":"address","name":"receiver","type":"address"},{"internalType":"uint256","name":"amountIn","type":"uint256"},{"internalType":"uint256","name":"minAmountOut","type":"uint256"}],"name":"swapAndDeposit","outputs":[{"internalType":"uint256","name":"amountOut","type":"uint256"}],"stateMutability":"nonpayable","type":"function"},{"inputs":[{"internalType":"address","name":"receiver","type":"address"},{"internalType":"uint256","name":"amountOut","type":"uint256"},{"internalType":"uint256","name":"maxAmountIn","type":"uint256"}],"name":"withdrawAndSwap","outputs":[{"internalType":"uint256","name":"amountIn","type":"uint256"}],"stateMutability":"nonpayable","type":"function"}]