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//! # Checked Inflation Pallet
//!
//! - [`Config`]
//! - [`Call`]
//! - [`Pallet`]
//!
//! ## Overview
//! This is a supporting pallet that provides the functionality for inflation. It is used to mint new tokens at the beginning of every era.
//!
//! The amount of tokens minted is determined by the inflation method and its amount, and is configurable in the runtime,
//! see the [`inflation`] module for the methods of inflation available and how their inflation amounts are calculated.
//!
//! Most of the logic is implemented in the `on_initialize` hook, which is called at the beginning of every block.
//!
//! ## Dispatchable Functions
//!
//! - `set_first_year_supply` - For configuring the pallet, sets the token's `YearStartIssuance` to its current total issuance.
//! - `halt_unhalt_pallet` - To start or stop the inflation process.
#![cfg_attr(not(feature = "std"), no_std)]
use frame_support::traits::Get;
use sp_arithmetic::traits::Zero;
use sp_std::convert::TryInto;
mod inflation;
#[cfg(feature = "runtime-benchmarks")]
mod benchmarking;
#[cfg(test)]
pub(crate) mod mock;
#[cfg(test)]
mod test;
pub use inflation::*;
pub use pallet::*;
pub mod weights;
pub use weights::WeightInfo;
#[frame_support::pallet]
pub mod pallet {
use super::*;
use frame_support::{
pallet_prelude::*,
traits::{Currency, LockableCurrency, OnUnbalanced, ReservableCurrency},
};
use frame_system::{
ensure_root,
pallet_prelude::{BlockNumberFor, OriginFor},
};
use num_traits::CheckedSub;
/// The balance type of this pallet.
pub(crate) type BalanceOf<T> =
<<T as Config>::Currency as Currency<<T as frame_system::Config>::AccountId>>::Balance;
/// The opaque token type for an imbalance. This is returned by unbalanced operations and must be dealt with.
type NegativeImbalanceOf<T> = <<T as Config>::Currency as Currency<
<T as frame_system::Config>::AccountId,
>>::NegativeImbalance;
#[pallet::pallet]
pub struct Pallet<T>(_);
#[pallet::config]
pub trait Config: frame_system::Config {
/// The overarching event type.
type RuntimeEvent: From<Event<Self>> + IsType<<Self as frame_system::Config>::RuntimeEvent>;
/// The currency (token) used in this pallet.
type Currency: LockableCurrency<Self::AccountId, Moment = BlockNumberFor<Self>>
+ ReservableCurrency<Self::AccountId>
+ Currency<Self::AccountId>;
/// Number of blocks per era.
#[pallet::constant]
type BlocksPerEra: Get<BlockNumberFor<Self>>;
/// Number of eras per year.
#[pallet::constant]
type ErasPerYear: Get<u32>;
/// The inflation method and its amount.
#[pallet::constant]
type Inflation: Get<InflationMethod<BalanceOf<Self>>>;
/// The `NegativeImbalanceOf` the currency, i.e. the amount of inflation to be applied.
type DealWithInflation: OnUnbalanced<NegativeImbalanceOf<Self>>;
/// Weight information for extrinsics in this pallet.
type WeightInfo: WeightInfo;
}
/// The current era. Starts from 1 and is reset every year.
#[pallet::storage]
#[pallet::getter(fn current_era)]
pub type CurrentEra<T: Config> = StorageValue<_, u32, ValueQuery>;
/// Block that the next era starts at.
#[pallet::storage]
#[pallet::getter(fn next_era_starting_block)]
pub type NextEraStartingBlock<T: Config> = StorageValue<_, BlockNumberFor<T>, ValueQuery>;
/// Total token supply at the very beginning of the year before any inflation has been minted.
#[pallet::storage]
#[pallet::getter(fn year_start_issuance)]
pub type YearStartIssuance<T: Config> = StorageValue<_, BalanceOf<T>, ValueQuery>;
/// The number of tokens minted at the beginning of every era during a year.
#[pallet::storage]
#[pallet::getter(fn inflation_per_era)]
pub type YearlyInflationPerEra<T: Config> = StorageValue<_, BalanceOf<T>, ValueQuery>;
/// Whether the inflation process is halted.
#[pallet::storage]
#[pallet::getter(fn is_halted)]
pub type Halted<T: Config> = StorageValue<_, bool, ValueQuery>;
#[pallet::error]
pub enum Error<T> {
/// The pallet is already in the state that the user is trying to change it to.
NoHaltChange,
}
#[pallet::event]
#[pallet::generate_deposit(fn deposit_event)]
pub enum Event<T: Config> {
/// Beginning of a new year.
NewYear {
starting_issuance: BalanceOf<T>,
next_era_starting_block: BlockNumberFor<T>,
},
/// Beginning of a new era.
NewEra {
era: u32,
next_era_starting_block: BlockNumberFor<T>,
},
/// Tokens minted due to inflation.
InflationMinted {
year_start_issuance: BalanceOf<T>,
current_issuance: BalanceOf<T>,
expected_new_issuance: BalanceOf<T>,
minted: BalanceOf<T>,
},
/// Total supply of the token is higher than expected by Checked Inflation.
OverInflationDetected {
expected_issuance: BalanceOf<T>,
current_issuance: BalanceOf<T>,
},
/// Halt status changed.
HaltChanged { is_halted: bool },
}
#[pallet::hooks]
impl<T: Config> Hooks<BlockNumberFor<T>> for Pallet<T>
where
BalanceOf<T>: CheckedSub,
{
fn on_initialize(now: BlockNumberFor<T>) -> Weight {
let previous_era = Self::current_era();
let next_era_starting_block = Self::next_era_starting_block();
let blocks_per_era = T::BlocksPerEra::get();
let eras_per_year = T::ErasPerYear::get();
let is_halted = Self::is_halted();
if previous_era >= eras_per_year && now >= next_era_starting_block
|| next_era_starting_block == Zero::zero()
{
// Reset block # back to 1 for the new year
CurrentEra::<T>::put(1);
NextEraStartingBlock::<T>::put(now + blocks_per_era);
let current_issuance =
<<T as Config>::Currency as Currency<T::AccountId>>::total_issuance();
YearStartIssuance::<T>::put(current_issuance);
let inflation_per_era = GetInflation::<T>::get_inflation_args(
&T::Inflation::get(),
eras_per_year,
current_issuance,
);
YearlyInflationPerEra::<T>::put(inflation_per_era);
Self::deposit_event(Event::NewYear {
starting_issuance: current_issuance,
next_era_starting_block: (now + blocks_per_era),
});
if !is_halted {
Self::mint(inflation_per_era);
Self::deposit_event(Event::InflationMinted {
year_start_issuance: current_issuance,
current_issuance,
expected_new_issuance: current_issuance + inflation_per_era,
minted: inflation_per_era,
});
}
T::DbWeight::get().reads_writes(3, 4)
} else {
let inflation_per_era = Self::inflation_per_era();
if now >= next_era_starting_block || previous_era.is_zero() {
CurrentEra::<T>::put(previous_era + 1);
NextEraStartingBlock::<T>::put(now + blocks_per_era);
Self::deposit_event(Event::NewEra {
era: (previous_era + 1),
next_era_starting_block: (now + blocks_per_era),
});
if !is_halted {
// Get issuance that the year started at
let start_issuance = Self::year_start_issuance();
// Get actual current total token issuance
let current_issuance =
<<T as Config>::Currency as Currency<T::AccountId>>::total_issuance();
// Calculate the expected current total token issuance
let expected_current_issuance =
start_issuance + (inflation_per_era * previous_era.into());
// Check that current_issuance and expected_current_issuance match in value.
// If the result is > 0, too many tokens were minted.
match current_issuance.checked_sub(&expected_current_issuance) {
// Either current issuance matches the expected issuance, or current issuance is higher than expected
// meaning too many tokens were minted
Some(over_inflation) if over_inflation > Zero::zero() => {
Self::deposit_event(Event::OverInflationDetected {
expected_issuance: expected_current_issuance,
current_issuance,
});
// Mint the difference
if let Some(to_mint) =
inflation_per_era.checked_sub(&over_inflation)
{
Self::mint(to_mint);
Self::deposit_event(Event::InflationMinted {
year_start_issuance: start_issuance,
current_issuance,
expected_new_issuance: expected_current_issuance
+ inflation_per_era,
minted: to_mint,
});
}
}
_ => {
Self::mint(inflation_per_era);
Self::deposit_event(Event::InflationMinted {
year_start_issuance: start_issuance,
current_issuance,
expected_new_issuance: expected_current_issuance
+ inflation_per_era,
minted: inflation_per_era,
});
}
}
T::DbWeight::get().reads_writes(5, 2)
} else {
T::DbWeight::get().reads_writes(4, 2)
}
} else {
T::DbWeight::get().reads(4)
}
}
}
}
#[pallet::call]
impl<T: Config> Pallet<T> {
/// This call is used for configuring the inflation mechanism and sets the token's `YearStartIssuance` to its current total issuance.
///
/// The origin has to have `root` access.
#[pallet::call_index(0)]
#[pallet::weight(
<T as Config>::WeightInfo::set_first_year_supply()
)]
pub fn set_first_year_supply(root: OriginFor<T>) -> DispatchResult {
ensure_root(root)?;
YearStartIssuance::<T>::put(
<<T as Config>::Currency as Currency<T::AccountId>>::total_issuance(),
);
Ok(())
}
/// Halts or unhalts the inflation process.
///
/// The origin has to have `root` access.
///
/// - `halt`: `true` to halt the inflation process, `false` to unhalt it.
#[pallet::call_index(1)]
#[pallet::weight(
<T as Config>::WeightInfo::halt_unhalt_pallet()
)]
pub fn halt_unhalt_pallet(root: OriginFor<T>, halt: bool) -> DispatchResult {
ensure_root(root)?;
let is_halted = Self::is_halted();
ensure!(is_halted ^ halt, Error::<T>::NoHaltChange);
Self::internal_halt_unhalt(halt);
Self::deposit_event(Event::<T>::HaltChanged { is_halted: halt });
Ok(())
}
}
impl<T: Config> Pallet<T> {
/// Internal function for minting tokens to the currency due to inflation.
fn mint(amount: BalanceOf<T>) {
let inflation = T::Currency::issue(amount);
<T as Config>::DealWithInflation::on_unbalanced(inflation);
}
/// Internal function to set the halt status to storage.
pub fn internal_halt_unhalt(halt: bool) {
Halted::<T>::put(halt);
}
}
}