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May 8, 2023 21:13
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Borrowers in Good Standing Instantly Liquidated after a reserve delists without a chance to repay or withdraw
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// SPDX-License-Identifier: UNLICENSED | |
pragma solidity ^0.8.9; | |
import "./JUSDBankInit2.t.sol"; | |
import "../mocks/MockChainLink900.sol"; | |
import "../../src/utils/JUSDError.sol"; | |
import "../../src/Impl/flashloanImpl/FlashLoanLiquidate.sol"; | |
contract BorrowersInstantlyLiquidatedWhenReserveDelistedTest is | |
JUSDBankInitTest | |
{ | |
function test_borrower_lose_all_collaterals_due_to_reserve_delisting() | |
public | |
{ | |
mockToken1.transfer(alice, 10 * ONE); | |
vm.startPrank(alice); | |
mockToken1.approve(address(jusdBank), 10 * ONE); | |
jusdBank.deposit(alice, address(mockToken1), 10 * ONE, alice); //Alice deposited 10e18 mockToken1 | |
vm.warp(1000); | |
uint maxBorrowAmount = jusdBank.getDepositMaxMintAmount(alice); | |
jusdBank.borrow(999e6, alice, false); | |
require(jusdBank.getBorrowBalance(alice) == 999e6); //Alice borrowed 999e6 JUSD and account is safe after borrow | |
vm.stopPrank(); | |
mockToken2.transfer(bob, 10e8); | |
vm.startPrank(bob); | |
mockToken2.approve(address(jusdBank), 1e8); | |
jusdBank.deposit(bob, address(mockToken2), 1e8, bob); //Bob deposited 10e8 mockToken2 | |
vm.warp(1000); | |
jusdBank.borrow(500e6, bob, false); | |
require(jusdBank.getBorrowBalance(bob) == 500e6); //Bob borrowed 500e6 JUSD and account is safe after borrow | |
vm.stopPrank(); | |
//delist mockToken1 | |
jusdBank.delistReserve(address(mockToken1)); | |
require(jusdBank.isAccountSafe(alice) == false); ////After mockToken1 delisted, Alice's account is not safe | |
require(jusdBank.getUserCollateralList(alice).length > 0); //Alice's collateral list is not empty | |
require(jusdBank.getDepositMaxMintAmount(alice) == 0); | |
////Alice cannot borrow or deposit, her collateral has no value in the system | |
//init flashloanRepay | |
FlashLoanLiquidate flashLoanRepay = new FlashLoanLiquidate( | |
address(jusdBank), | |
address(jusdExchange), | |
address(USDC), | |
address(jusd), | |
insurance | |
); | |
bytes memory data = swapContract.getSwapData( | |
10e18, | |
address(mockToken1) | |
); | |
bytes memory param = abi.encode( | |
swapContract, | |
swapContract, | |
address(bob), | |
data | |
); | |
// liquidate | |
vm.startPrank(bob); | |
bytes memory afterParam = abi.encode(address(flashLoanRepay), param); | |
jusdBank.liquidate( | |
alice, | |
address(mockToken1), | |
bob, | |
10e18, | |
afterParam, | |
900e18 | |
); | |
vm.stopPrank(); | |
uint256 aliceDeposit = jusdBank.getDepositBalance( | |
address(mockToken1), | |
alice | |
); | |
uint256 aliceBorrow = jusdBank.getBorrowBalance(alice); | |
uint256 bobBalance = USDC.balanceOf(bob); | |
console.log(bobBalance); | |
//log: 58421053(58 usd) | |
assertEq(aliceBorrow, 0); | |
assertEq(bobBalance > 0, true); ////Liquidator made a profit | |
assertEq(aliceDeposit, 0); ////Alice lost all her collaterals! | |
console.log(maxBorrowAmount - 999e6); | |
//log: 7001000000 (7001 usd) ////Alice's net loss is 7001 usd! | |
} | |
} |
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