smom-dbis-138/contracts/vault/Liquidation.sol

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.20;

import "@openzeppelin/contracts/access/AccessControl.sol";
import "@openzeppelin/contracts/utils/ReentrancyGuard.sol";
import "./interfaces/ILiquidation.sol";
import "./interfaces/ILedger.sol";
import "./interfaces/ICollateralAdapter.sol";
import "./interfaces/IeMoneyJoin.sol";

/**
 * @title Liquidation
 * @notice Handles liquidation of undercollateralized vaults
 * @dev Permissioned liquidators only, no public auctions
 */
contract Liquidation is ILiquidation, AccessControl, ReentrancyGuard {
    bytes32 public constant LIQUIDATOR_ROLE = keccak256("LIQUIDATOR_ROLE");

    ILedger public ledger;
    ICollateralAdapter public collateralAdapter;
    IeMoneyJoin public eMoneyJoin;

    uint256 public constant BASIS_POINTS = 10000;
    uint256 public override liquidationBonus = 500; // 5% bonus in basis points

    constructor(
        address admin,
        address ledger_,
        address collateralAdapter_,
        address eMoneyJoin_
    ) {
        _grantRole(DEFAULT_ADMIN_ROLE, admin);
        _grantRole(LIQUIDATOR_ROLE, admin);
        ledger = ILedger(ledger_);
        collateralAdapter = ICollateralAdapter(collateralAdapter_);
        eMoneyJoin = IeMoneyJoin(eMoneyJoin_);
    }

    /**
     * @notice Liquidate an undercollateralized vault
     * @param vault Vault address to liquidate
     * @param currency Debt currency address
     * @param maxDebt Maximum debt to liquidate
     * @return seizedCollateral Amount of collateral seized
     * @return repaidDebt Amount of debt repaid
     */
    function liquidate(
        address vault,
        address currency,
        uint256 maxDebt
    ) external override nonReentrant onlyRole(LIQUIDATOR_ROLE) returns (uint256 seizedCollateral, uint256 repaidDebt) {
        (bool liquidatable, ) = this.canLiquidate(vault);
        require(liquidatable, "Liquidation: vault not liquidatable");

        // Get current debt
        uint256 currentDebt = ledger.debt(vault, currency);
        require(currentDebt > 0, "Liquidation: no debt");
        
        // Calculate debt to repay (min of maxDebt and currentDebt)
        repaidDebt = maxDebt < currentDebt ? maxDebt : currentDebt;

        // Get liquidation ratio for the currency
        uint256 liqRatio = ledger.liquidationRatio(currency);
        
        // Calculate collateral value needed: repaidDebt * (1 + bonus) * liquidationRatio / 10000
        // In XAU terms
        uint256 collateralValueNeeded = (repaidDebt * (BASIS_POINTS + liquidationBonus) * liqRatio) / (BASIS_POINTS * BASIS_POINTS);

        // For simplicity, assume ETH collateral (address(0))
        // In production, would determine which collateral to seize
        address collateralAsset = address(0);
        uint256 collateralBalance = ledger.collateral(vault, collateralAsset);
        
        // Calculate how much collateral to seize based on ETH/XAU price
        // This is simplified - in production would use oracle
        seizedCollateral = collateralValueNeeded; // Simplified: assume 1:1 for now

        // Ensure we don't seize more than available
        if (seizedCollateral > collateralBalance) {
            seizedCollateral = collateralBalance;
            // Recalculate repaidDebt based on actual seized collateral
            repaidDebt = (seizedCollateral * BASIS_POINTS * BASIS_POINTS) / ((BASIS_POINTS + liquidationBonus) * liqRatio);
        }

        // Burn eMoney from liquidator (they provide eMoney to repay debt)
        eMoneyJoin.burn(currency, msg.sender, repaidDebt);

        // Update debt
        ledger.modifyDebt(vault, currency, -int256(repaidDebt));

        // Seize collateral
        collateralAdapter.seize(vault, collateralAsset, seizedCollateral, msg.sender);

        emit VaultLiquidated(vault, currency, seizedCollateral, repaidDebt, msg.sender);
    }

    /**
     * @notice Check if a vault can be liquidated
     * @param vault Vault address
     * @return liquidatable True if vault can be liquidated
     * @return healthRatio Current health ratio in basis points
     */
    function canLiquidate(address vault) external view override returns (bool liquidatable, uint256 healthRatio) {
        (healthRatio, , ) = ledger.getVaultHealth(vault);
        
        // Vault is liquidatable if health ratio is below liquidation ratio
        // Need to check for each currency - simplified here
        // In production, would check all currencies
        
        // For now, assume vault is liquidatable if health < 110% (liquidation ratio + buffer)
        liquidatable = healthRatio < 11000; // 110% in basis points
    }

    /**
     * @notice Set liquidation bonus
     * @param bonus New liquidation bonus in basis points
     */
    function setLiquidationBonus(uint256 bonus) external onlyRole(DEFAULT_ADMIN_ROLE) {
        require(bonus <= 1000, "Liquidation: bonus too high"); // Max 10%
        liquidationBonus = bonus;
    }

    /**
     * @notice Set ledger address
     * @param ledger_ New ledger address
     */
    function setLedger(address ledger_) external onlyRole(DEFAULT_ADMIN_ROLE) {
        require(ledger_ != address(0), "Liquidation: zero address");
        ledger = ILedger(ledger_);
    }

    /**
     * @notice Set collateral adapter address
     * @param collateralAdapter_ New adapter address
     */
    function setCollateralAdapter(address collateralAdapter_) external onlyRole(DEFAULT_ADMIN_ROLE) {
        require(collateralAdapter_ != address(0), "Liquidation: zero address");
        collateralAdapter = ICollateralAdapter(collateralAdapter_);
    }

    /**
     * @notice Set eMoney join address
     * @param eMoneyJoin_ New join address
     */
    function setEMoneyJoin(address eMoneyJoin_) external onlyRole(DEFAULT_ADMIN_ROLE) {
        require(eMoneyJoin_ != address(0), "Liquidation: zero address");
        eMoneyJoin = IeMoneyJoin(eMoneyJoin_);
    }
}