feat: add function to go from rewards back to ptokens after redemptio…

…n has been enabled
sense-finance · Apr 23, 2024 · aed4f4a · aed4f4a
1 parent 850c562
commit aed4f4a
Show file tree

Hide file tree

Showing 2 changed files with 55 additions and 1 deletion.
diff --git a/contracts/PointTokenVault.sol b/contracts/PointTokenVault.sol
@@ -109,7 +109,7 @@ contract PointTokenVault is UUPSUpgradeable, AccessControlUpgradeable, Multicall
     /// @notice Claims point tokens after verifying the merkle proof
     /// @param _claim The claim details including the merkle proof
     /// @param _account The account to claim for
-    // Adapted from Morpho's RewardsDistributor.sol (https://github.com/morpho-org/morpho-optimizers/blob/main/src/common/rewards-distribution/RewardsDistributor.sol)
+    // Adapted from Morpho's RewardsDistributor.sol (https://github.com/morpho-org/morpho-optimizers/blob/ffd702f045d24b911d6c8c6c2194dd15cf9387ff/src/common/rewards-distribution/RewardsDistributor.sol)
     function claimPTokens(Claim calldata _claim, address _account) public {
         bytes32 pointsId = _claim.pointsId;
 
@@ -153,6 +153,19 @@ contract PointTokenVault is UUPSUpgradeable, AccessControlUpgradeable, Multicall
         emit RewardsClaimed(msg.sender, _receiver, pointsId, amountToClaim);
     }
 
+    /// @notice Mints point tokens for rewards after redemption has been enabled
+    function convertRewardsToPTokens(address _receiver, bytes32 _pointsId, uint256 _amountToConvert) public {
+        RedemptionParams memory params = redemptions[_pointsId];
+        (ERC20 rewardToken, uint256 rewardsPerPToken) = (params.rewardToken, params.rewardsPerPToken);
+
+        if (address(rewardToken) == address(0)) {
+            revert RewardsNotReleased();
+        }
+
+        rewardToken.safeTransferFrom(msg.sender, address(this), _amountToConvert);
+        pTokens[_pointsId].mint(_receiver, FixedPointMathLib.divWadDown(_amountToConvert, rewardsPerPToken)); // Round down for mint.
+    }
+
     function deployPToken(bytes32 _pointsId) public {
         if (address(pTokens[_pointsId]) != address(0)) {
             revert PTokenAlreadyDeployed();

diff --git a/contracts/test/PointTokenVault.t.sol b/contracts/test/PointTokenVault.t.sol
@@ -456,6 +456,47 @@ contract PointTokenVaultTest is Test {
 
         assertEq(pointTokenVault.pTokens(eigenPointsId).balanceOf(vitalik), 1e18);
     }
+
+    function test_MintPTokensForRewards() public {
+        bytes32 root = 0x4e40a10ce33f33a4786960a8bb843fe0e170b651acd83da27abc97176c4bed3c;
+
+        bytes32[] memory proof = new bytes32[](1);
+        proof[0] = 0x6d0fcb8de12b1f57f81e49fa18b641487b932cdba4f064409fde3b05d3824ca2;
+
+        vm.prank(merkleUpdater);
+        pointTokenVault.updateRoot(root);
+
+        vm.prank(vitalik);
+        pointTokenVault.claimPTokens(PointTokenVault.Claim(eigenPointsId, 1e18, 1e18, proof), vitalik);
+
+        rewardToken.mint(address(pointTokenVault), 3e18);
+
+        vm.prank(operator);
+        pointTokenVault.setRedemption(eigenPointsId, rewardToken, 2e18, false);
+
+        bytes32[] memory empty = new bytes32[](0);
+        vm.prank(vitalik);
+        pointTokenVault.redeemRewards(PointTokenVault.Claim(eigenPointsId, 2e18, 2e18, empty), vitalik);
+
+        assertEq(rewardToken.balanceOf(vitalik), 2e18);
+        assertEq(pointTokenVault.pTokens(eigenPointsId).balanceOf(vitalik), 0);
+
+        // Mint pTokens with reward tokens
+        vm.prank(vitalik);
+        rewardToken.approve(address(pointTokenVault), 1e18);
+        vm.prank(vitalik);
+        pointTokenVault.convertRewardsToPTokens(vitalik, eigenPointsId, 1e18);
+
+        assertEq(rewardToken.balanceOf(vitalik), 1e18);
+        assertEq(pointTokenVault.pTokens(eigenPointsId).balanceOf(vitalik), 0.5e18);
+
+        // Can go the other way again
+        vm.prank(vitalik);
+        pointTokenVault.redeemRewards(PointTokenVault.Claim(eigenPointsId, 1e18, 1e18, empty), vitalik);
+
+        assertEq(rewardToken.balanceOf(vitalik), 2e18);
+        assertEq(pointTokenVault.pTokens(eigenPointsId).balanceOf(vitalik), 0);
+    }
 }
 
 contract Echo {