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May 9, 2023 22:27
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Key global and reserve settings such as borrowFeeRate, Reserve.liquidateMortgageRate and Reserve.initialMortgageRate not checked and reverted.
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// SPDX-License-Identifier: UNLICENSED | |
pragma solidity ^0.8.9; | |
import "./JUSDBankInit3.t.sol"; | |
import "../../src/utils/JUSDError.sol"; | |
import {DecimalMath} from "../../src/lib/DecimalMath.sol"; | |
/** | |
* @notice Key global and reserve settings such as borrowFeeRate, Reserve.liquidateMortgageRate and Reserve.initialMortgageRate not checked and reverted. | |
* This tests when borrowFeeRate is set high and when liquidateMortageRate is eqaul or too close to initialMortgageRate, | |
* maximized borrowers may become almost instanly liquidated after borrow. | |
* @dev Global and token reserve settings in JUSDBankInit3.t.sol: | |
* borrowFeeRate= 1e17; | |
* mockToken1 reserve: | |
* initialMortgageRate= 8e17; | |
* liquidateMortgageRate= 8e17; | |
*/ | |
contract MaximizedBorrowersLiquidatableTest is JUSDBankInitTest { | |
using DecimalMath for uint256; | |
function test_maximizedBorrowers_liquidatable() 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 10 weth | |
vm.warp(1000); | |
console.log("TRate", jusdBank.getTRate()); | |
//log: 1000003167808219178 | |
uint256 maxBorrowAmount = jusdBank.getDepositMaxMintAmount(alice); | |
console.log("Max Borrow Amount", maxBorrowAmount); | |
//log: 8000000000 | |
jusdBank.borrow(maxBorrowAmount, alice, false); //Alice borrowed 8000 JUSD | |
assertEq(jusdBank.isAccountSafe(alice), true); ////Alice's account is safe | |
uint256 aliceBorrow = jusdBank.getBorrowBalance(alice); | |
console.log("Borrow Balance", aliceBorrow); | |
//log: 8000000000 | |
vm.stopPrank(); | |
vm.warp(1050); // 1050 seconds passed | |
console.log("TRate", jusdBank.getTRate()); | |
//log: 1000003326357179096 | |
aliceBorrow = jusdBank.getBorrowBalance(alice); | |
console.log("Borrow Balance", aliceBorrow); | |
//log: 8000001268 | |
assertEq(jusdBank.isAccountSafe(alice), false); ////Alice's account is not safe and can be liquidated instantly! | |
uint256 usdcAmount = jojoOracle1.getAssetPrice().decimalMul(10 * ONE); | |
console.log(usdcAmount - maxBorrowAmount); | |
//log: 2000000000 (2000 usdc) | |
assertEq(usdcAmount - maxBorrowAmount > 0, true); | |
////Alice lost a value of 2000 usdc due to liquidation, even though she only borrowed for 1050 seconds! | |
} | |
} |
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