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// SPDX-License-Identifier: MIT
pragma solidity ^0.8.17;
/**
* @dev Interface of the ERC20 standard as defined in the EIP.
*/
interface IERC20 {
/**
* @dev Emitted when `value` tokens are moved from one account (`from`) to
* another (`to`).
*
* Note that `value` may be zero.
*/
event Transfer(address indexed from, address indexed to, uint256 value);
/**
* @dev Emitted when the allowance of a `spender` for an `owner` is set by
* a call to {approve}. `value` is the new allowance.
*/
event Approval(
address indexed owner,
address indexed spender,
uint256 value
);
/**
* @dev Returns the amount of tokens in existence.
*/
function totalSupply() external view returns (uint256);
/**
* @dev Returns the amount of tokens owned by `account`.
*/
function balanceOf(address account) external view returns (uint256);
/**
* @dev Moves `amount` tokens from the caller's account to `to`.
*
* Returns a boolean value indicating whether the operation succeeded.
*
* Emits a {Transfer} event.
*/
function transfer(address to, uint256 amount) external returns (bool);
/**
* @dev Returns the remaining number of tokens that `spender` will be
* allowed to spend on behalf of `owner` through {transferFrom}. This is
* zero by default.
*
* This value changes when {approve} or {transferFrom} are called.
*/
function allowance(address owner, address spender)
external
view
returns (uint256);
/**
* @dev Sets `amount` as the allowance of `spender` over the caller's tokens.
*
* Returns a boolean value indicating whether the operation succeeded.
*
* IMPORTANT: Beware that changing an allowance with this method brings the risk
* that someone may use both the old and the new allowance by unfortunate
* transaction ordering. One possible solution to mitigate this race
* condition is to first reduce the spender's allowance to 0 and set the
* desired value afterwards:
* https://github.com/ethereum/EIPs/issues/20#issuecomment-263524729
*
* Emits an {Approval} event.
*/
function approve(address spender, uint256 amount) external returns (bool);
/**
* @dev Moves `amount` tokens from `from` to `to` using the
* allowance mechanism. `amount` is then deducted from the caller's
* allowance.
*
* Returns a boolean value indicating whether the operation succeeded.
*
* Emits a {Transfer} event.
*/
function transferFrom(
address from,
address to,
uint256 amount
) external returns (bool);
}
contract DutchAuction {
uint256 private constant DURATION = 7 days;
IERC20 public immutable token;
address payable public immutable seller;
uint256 public immutable startingPrice;
uint256 public immutable startAt;
uint256 public immutable expiresAt;
uint256 public immutable discountRate;
uint256 public sellingAmount;
modifier isAuctionLive(uint256 _amount) {
uint256 allowance = token.allowance(seller, address(this));
require(
_amount <= sellingAmount,
"_amount exceeds provided sellingAmount"
);
require(block.timestamp < expiresAt, "Auction has expired");
require(allowance > sellingAmount, "Allowance is below selling amount");
require(sellingAmount > 0, "Token sold");
_;
}
constructor(
uint256 _startingPrice,
uint256 _discountRate,
address _token,
uint256 _sellingAmount
) {
seller = payable(msg.sender);
startingPrice = _startingPrice;
startAt = block.timestamp;
expiresAt = block.timestamp + DURATION;
discountRate = _discountRate;
require(
_startingPrice >= _discountRate * DURATION,
"starting price is below minimum"
);
token = IERC20(_token);
sellingAmount = _sellingAmount;
}
function getCurrentPrice() public view returns (uint256) {
uint256 timeElapsed = block.timestamp - startAt;
uint256 discount = discountRate * timeElapsed;
return startingPrice - discount;
}
function buy(uint256 _amount) external payable isAuctionLive(_amount) {
uint256 price = getCurrentPrice();
require(msg.value >= price * _amount, "ETH < price * amount");
sellingAmount -= _amount;
token.transferFrom(seller, msg.sender, _amount);
uint256 refund = msg.value - price * _amount;
if (refund > 0) {
payable(msg.sender).transfer(refund);
}
}
function withdraw() external payable {
require(
(block.timestamp > expiresAt || sellingAmount == 0),
"Auction is ongoing"
);
require(msg.sender == seller, "Must be the seller to withdraw funds");
uint256 balance = getCurrentPrice();
require(balance > 0, "Balance is zero");
seller.transfer(getCurrentBalance());
}
function getCurrentBalance() public view returns (uint256) {
return address(this).balance;
}
}
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