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@aalavandhan aalavandhan commented May 4, 2025

Now the spot system doesn't care about the bond ratios used by the underlying tranches. It balances incentives and fees based on an owner defined vaultTVL : perpTVL target ratio (or system ratio)

@aalavandhan aalavandhan changed the base branch from main to audit-fixes May 4, 2025 13:25
@aalavandhan aalavandhan requested review from brandoniles and nms-7 May 4, 2025 13:26
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openzeppelin-code bot commented May 4, 2025

Removed subscription ratio for a global vault:perp tvl (or system ratio)

Generated at commit: ccd9fafb724dd924bb5c07fe1a9f9870ebbd5c70

🚨 Report Summary

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Contracts Critical
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Medium
Low
Note
Total
1
0
0
3
24
28
Dependencies Critical
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0
0
0
0
0
0

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Looks good. Just the one comment on naming.

@aalavandhan aalavandhan force-pushed the bond-ratio-change branch from 1ae3c5b to cb3856e Compare May 6, 2025 17:11
@aalavandhan aalavandhan force-pushed the bond-ratio-change branch from cb3856e to ccd9faf Compare May 6, 2025 17:12
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LGTM

@aalavandhan aalavandhan merged commit 2986948 into audit-fixes May 8, 2025
@aalavandhan aalavandhan deleted the bond-ratio-change branch May 8, 2025 12:08
aalavandhan added a commit that referenced this pull request May 8, 2025
* fee policy restructure

* updated perp fee and rebalance handling, audit cleanup

* updated vault fee and rebalance handling, audit cleanup

* interface and lib updates

* updated unit tests

* code review fixes #1

* code review fixes #2

* code review fix #3

* Removed subscription ratio for a global vault:perp tvl (or system ratio) (#254)

* Using a system ratio target

* using system state to calculate fees

* using system state for fees and removed subscription liquidity check

* interface updates

* unit test updates

* rename
aalavandhan added a commit that referenced this pull request May 8, 2025
* Bump coverallsapp/github-action from 2.3.0 to 2.3.3 (#228)

Bumps [coverallsapp/github-action](https://github.com/coverallsapp/github-action) from 2.3.0 to 2.3.3.
- [Release notes](https://github.com/coverallsapp/github-action/releases)
- [Commits](coverallsapp/github-action@v2.3.0...v2.3.3)

---
updated-dependencies:
- dependency-name: coverallsapp/github-action
  dependency-type: direct:production
  update-type: version-update:semver-patch
...

Signed-off-by: dependabot[bot] <support@github.com>
Co-authored-by: dependabot[bot] <49699333+dependabot[bot]@users.noreply.github.com>

* updated cdr pricer (#229)

* Deployed v4.1.0 implementations

* Bump coverallsapp/github-action from 2.3.3 to 2.3.4 (#230)

Bumps [coverallsapp/github-action](https://github.com/coverallsapp/github-action) from 2.3.3 to 2.3.4.
- [Release notes](https://github.com/coverallsapp/github-action/releases)
- [Commits](coverallsapp/github-action@v2.3.3...v2.3.4)

---
updated-dependencies:
- dependency-name: coverallsapp/github-action
  dependency-type: direct:production
  update-type: version-update:semver-patch
...

Signed-off-by: dependabot[bot] <support@github.com>
Co-authored-by: dependabot[bot] <49699333+dependabot[bot]@users.noreply.github.com>

* updated spot subgraph to keep track of vault swap volume

* Vault Refactor & Meta Oracle (#224)

* removed pricing strategies in favor of meta oracle

* Bill broker refactor, using new meta oracle

* Charm vault refactor, using new meta oracle

* Updated Interfaces and Errors

* updated unit tests

* code review changes

* Scalable usdc spot strategy (#231)

Apply suggestions from code review

Co-authored-by: Brandon Iles <brandon@fragments.org>

review fix

caching bool instead of prev deviation

* billy subgraph (#234)

* Deployed new oracle contract and managers (#233)

* deployed new oracle and managers

* updated readme

* Staking subgraph (#235)

* staking subgraph, refreshing store on rebase

* charm wampl vault subgraph

* adds timestamp to swap events subgraph (#236)

* adds timestamp to swap events subgraph

Signed-off-by: nms-7 <nixon.ubud@gmail.com>

* linting

Signed-off-by: nms-7 <nixon.ubud@gmail.com>

* fixed null swap creation with 0 timestamp

Signed-off-by: nms-7 <nixon.ubud@gmail.com>

---------

Signed-off-by: nms-7 <nixon.ubud@gmail.com>

* Bump coverallsapp/github-action from 2.3.4 to 2.3.6 (#238)

Bumps [coverallsapp/github-action](https://github.com/coverallsapp/github-action) from 2.3.4 to 2.3.6.
- [Release notes](https://github.com/coverallsapp/github-action/releases)
- [Commits](coverallsapp/github-action@v2.3.4...v2.3.6)

---
updated-dependencies:
- dependency-name: coverallsapp/github-action
  dependency-type: direct:production
  update-type: version-update:semver-patch
...

Signed-off-by: dependabot[bot] <support@github.com>
Co-authored-by: dependabot[bot] <49699333+dependabot[bot]@users.noreply.github.com>

* Bill broker fee curve change (#237)

* using fee factor instead of percentages to support -ve fees

* unit tests

* code review

* convergent fee curve

* updated charm fee yield logic (#239)

* Fee curve update (#232)

* fee curve update

* code review fixes

* Rollover fee curve update (#240)

* rollover fee handles undersubscribed vault

* bumped up hardhat

* code review comments

* DR based flash swap fees

* comment updates

* updated unit tests to use ethers v6, using custom mocking library

* updated tasks and deps

* updated perp mint fees to be paid to the vault

* removed perp share of fees from flash swaps, all fees go to the vault

* added configurable dr soft bounds (curve cutoff point) to flash swap fees

* updated unit tests

* removed rollover fees from perp

* Daily Rebalance

* updated unit tests

* constant rate enrichment/debasement

* mint2, redeem2

* added linked library to limit contract size

* unit tests

* melding perps immediately after rebalance

* Apply suggestions from code review

Suggestions

Co-authored-by: Brandon Iles <brandon@fragments.org>

* Update spot-contracts/contracts/FeePolicy.sol

Co-authored-by: Brandon Iles <brandon@fragments.org>

* code review fixes

* code review fixes v2

* code review fixes v3

* code review v4

* during rebalance, vault pays perps by transferring tranches into perp's reserve

* rebalance eql

* configurable rebalance freq

* code review v5

* Apply suggestions from code review

Co-authored-by: Brandon Iles <brandon@fragments.org>

* code review fixes

* Code review fixes

Co-authored-by: Brandon Iles <brandon@fragments.org>

* bill broker single sided deposit fix (#253)

* Dev Audit Changes (#252)

* fee policy restructure

* updated perp fee and rebalance handling, audit cleanup

* updated vault fee and rebalance handling, audit cleanup

* interface and lib updates

* updated unit tests

* code review fixes #1

* code review fixes #2

* code review fix #3

* Removed subscription ratio for a global vault:perp tvl (or system ratio) (#254)

* Using a system ratio target

* using system state to calculate fees

* using system state for fees and removed subscription liquidity check

* interface updates

* unit test updates

* rename

* updated deps

---------

Signed-off-by: dependabot[bot] <support@github.com>
Signed-off-by: nms-7 <nixon.ubud@gmail.com>
Co-authored-by: dependabot[bot] <49699333+dependabot[bot]@users.noreply.github.com>
Co-authored-by: nms-7 <57442379+nms-7@users.noreply.github.com>
Co-authored-by: Brandon Iles <brandon@fragments.org>
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3 participants