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FeePoolState

Description

This contract composes persistent state storage for the issuance percentage and index for each address interacting with the fee pool. These details are stored for the last six fee periods.

As a persistent state contract, FeePoolState is not intended to be easily upgraded, as opposed to the FeePool itself, which is so intended.

See FeePool.feesByPeriod and FeePool.effectiveDebtRatioForPeriod for discussion of the meaning of this information held in this contract and how it is used.

Caution: The Number of Stored Fee Periods

Note that this contract contains storage for up to six fee periods, while the FeePool contract limits it to only three. This is a consequence of the implementation of SIP 4, which reduced the fee window in the main FeePool contract in order to encourage faster responses to alterations of system incentives. As part of this process, this storage contract was, of course, not upgraded.

See also: Design_Decisions.md.

Source: contracts/legacy/FeePoolState.sol

Architecture

Structs

IssuanceData

Source

Holds the issuance state and index of users interacting with the FeePool for the last several fee periods.

For more information on these fields and their meaning, see the main Synthetix contract functions _addToDebtRegister and _removeFromDebtRegister, along with the corresponding struct in SynthetixState.

Relationship with SynthetixState

This is the same struct as SynthetixState.issuanceData, modulo naming, but in the case of SynthetixState, only one entry is kept, corresponding to only the most recent issuance event associated with an address.

This induces a slightly awkward structure where the current and historical issuance information is stored over two separate contracts. In a future version this information could potentially be stored in a unified structure for dividends in efficiency and clarity.

Field Type Description
debtPercentage uint256 The percentage of the total system debt owned by the address associated with this entry at the time of issuance. These are 27-decimal fixed point numbers, closely related to the values in SynthetixState.debtLedger.
debtEntryIndex uint256 The debt ledger index when this user issued or destroyed tokens. That is, the length of the ledger at the time of issuance.

Variables

FEE_PERIOD_LENGTH

Source

The number of fee periods (6) worth of issuance data to keep. Note the inconsistency with the corresponding constant in FeePool, which is set to 3.

Value: 6

Type: uint8

accountIssuanceLedger

Source

A list of up to 6 issuance data entries for each address, for the most recent changes to their issuance level. The fee periods do not have to be consecutive, but they are ordered from newest to oldest (decreasing debt ledger indexes).

Note that the entry accountIssuanceLedger[account][0] only corresponds to the current fee period if appendAccountIssuanceRecord(account, *, *, *) has been called during the current fee period. That is, if the account has issued or burnt synths this period.

Type: mapping(address => struct FeePoolState.IssuanceData[6])

feePool

Source

The address of the main FeePool contract.

Type: address

Constructor

constructor

Source

Initialises the fee pool address, as well as the inherited SelfDestructible and LimitedSetup instances. The setup period is initialised to six weeks.

Details

Signature

constructor(address _owner, contract IFeePool _feePool)

Visibility

public

State Mutability

``

Views

applicableIssuanceData

Source

From a given account's issuance data, retrieve the most recent entry which closed before the provided index. If there is no such entry, (0,0) is returned.

This function is used in FeePool.feesByPeriod and FeePool.effectiveDebtRatioForPeriod to compute the fees owed to a user for specific past periods.

The returned values are as per getAccountsDebtEntry, hence the first return value is a 27-decimal fixed point number.

Details

Signature

applicableIssuanceData(address account, uint256 closingDebtIndex) view returns (uint256, uint256)

Visibility

external

State Mutability

view

getAccountsDebtEntry

Source

Accesses accountIssuanceLedger.

The first return value is a 27-decimal fixed point number.

Details

Signature

getAccountsDebtEntry(address account, uint256 index) view returns (uint256 debtPercentage, uint256 debtEntryIndex)

Visibility

public

State Mutability

view

Requires

Restricted Functions

appendAccountIssuanceRecord

Source

Allows the Synthetix contract, through FeePool.appendAccountIssuanceRecord, to record current fee period issuance information for a given account in the issuance ledger. This is used when synths are issued or burnt.

If the latest entry in this account's issuance ledger was from the current fee period, it is overwritten. Otherwise, the existing entries are shifted down one spot, dropping the last one (using a call to issuanceDataIndexOrder), and a new entry is added at the head of the list.

The debtRatio argument is a 27-decimal fixed point number.

Details

Signature

appendAccountIssuanceRecord(address account, uint256 debtRatio, uint256 debtEntryIndex, uint256 currentPeriodStartDebtIndex)

Visibility

external

State Mutability

``

Modifiers

importIssuerData

Source

This function was used during the initial six week setup period to initialise the issuance ledger from the previous Synthetix version.

Details

Signature

importIssuerData(address[] accounts, uint256[] ratios, uint256 periodToInsert, uint256 feePeriodCloseIndex)

Visibility

external

State Mutability

``

Requires

Modifiers

setFeePool

Source

Changes the fee pool address.

Details

Signature

setFeePool(contract IFeePool _feePool)

Visibility

external

State Mutability

``

Modifiers

Modifiers

onlyFeePool

Source

Reverts the transaction if msg.sender is not the fee pool address.

Events

IssuanceDebtRatioEntry

Source

Record that an entry was updated in the issuance ledger by the importIssuerData function during the setup period.

Signature: IssuanceDebtRatioEntry(address account, uint256 debtRatio, uint256 feePeriodCloseIndex)