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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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