harb/onchain/src/Stake.sol

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// SPDX-License-Identifier: GPL-3.0-or-later
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pragma solidity ^0.8.19;
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import {IERC20} from "@openzeppelin/token/ERC20/ERC20.sol";
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import "@openzeppelin/token/ERC20/extensions/IERC20Metadata.sol";
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import "@openzeppelin/token/ERC20/extensions/ERC20Permit.sol";
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import {SafeERC20} from "@openzeppelin/token/ERC20/utils/SafeERC20.sol";
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import {Math} from "@openzeppelin/utils/math/Math.sol";
import "./Harb.sol";
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error ExceededAvailableStake(address receiver, uint256 stakeWanted, uint256 availableStake);
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error TooMuchSnatch(address receiver, uint256 stakeWanted, uint256 availableStake, uint256 smallestShare);
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/**
* @title Stake Contract for Harb Token
* @notice This contract manages the staking positions for the Harb token, allowing users to stake tokens
* in exchange for a share of the total supply. Stakers can set and adjust tax rates on their stakes,
* which affect the Universal Basic Income (UBI) paid from the tax pool.
*
* The contract handles:
* - Creation of staking positions with specific tax rates.
* - Snatching of existing positions under certain conditions to consolidate stakes.
* - Calculation and payment of taxes based on stake duration and tax rate.
* - Adjustment of tax rates with protections against griefing through rapid changes.
* - Exiting of positions, either partially or fully, returning the staked assets to the owner.
*
* Tax rates and staking positions are adjustable, with a mechanism to prevent snatch-grieving by
* enforcing a minimum tax payment duration.
*/
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contract Stake {
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using Math for uint256;
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// the offset between the "precision" of the representation of shares and assets
// see https://docs.openzeppelin.com/contracts/4.x/erc4626 for reason and details
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uint256 internal DECIMAL_OFFSET = 5 + 2;
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// only 20% of the total HARB supply can be staked.
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uint256 internal constant MAX_STAKE = 20; // 20% of HARB supply
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uint256 internal constant TAX_FLOOR_DURATION = 60 * 60 * 24 * 3; //this duration is the minimum basis for fee calculation, regardless of actual holding time.
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// the tax rates are discrete to prevent users from snatching by micro incroments of tax
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uint256[] public TAX_RATES = [1, 3, 5, 8, 12, 18, 24, 30, 40, 50, 60, 80, 100, 130, 180, 250, 320, 420, 540, 700, 920, 1200, 1600, 2000, 2600, 3400, 4400, 5700, 7500, 9700];
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// this is the base for the values in the array above: e.g. 1/100 = 1%
uint256 internal constant TAX_RATE_BASE = 100;
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/**
* @dev Attempted to deposit more assets than the max amount for `receiver`.
*/
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error TaxTooLow(address receiver, uint64 taxRateWanted, uint64 taxRateMet, uint256 positionId);
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error StakeTooLow(address receiver, uint256 assets, uint256 minStake);
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error NoPermission(address requester, address owner);
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error PositionNotFound(uint256 positionId, address requester);
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event PositionCreated(uint256 indexed positionId, address indexed owner, uint256 harbDeposit, uint256 share, uint32 taxRate);
event PositionTaxPaid(uint256 indexed positionId, address indexed owner, uint256 taxPaid, uint256 newShares, uint256 taxRate);
event PositionRateHiked(uint256 indexed positionId, address indexed owner, uint256 newTaxRate);
event PositionShrunk(uint256 indexed positionId, address indexed owner, uint256 newShares, uint256 harbPayout);
event PositionRemoved(uint256 indexed positionId, address indexed owner, uint256 harbPayout);
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struct StakingPosition {
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uint256 share;
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address owner;
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uint32 creationTime;
uint32 lastTaxTime;
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uint32 taxRate; // e.g. value of 60 = 60% tax per year
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}
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Harb private immutable harb;
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address private immutable taxPool;
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uint256 public immutable totalSupply;
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uint256 public outstandingStake;
uint256 public nextPositionId;
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mapping(uint256 => StakingPosition) public positions;
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/// @notice Initializes the stake contract with references to the Harb contract and sets the initial position ID.
/// @param _harb Address of the Harb contract which this Stake contract interacts with.
/// @dev Sets up the total supply based on the decimals of the Harb token plus a fixed offset.
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constructor(address _harb) {
harb = Harb(_harb);
totalSupply = 10 ** (harb.decimals() + DECIMAL_OFFSET);
taxPool = Harb(_harb).TAX_POOL();
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// start counting somewhere
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nextPositionId = 654321;
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}
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function authorizedStake() private view returns (uint256) {
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return totalSupply * MAX_STAKE / 100;
}
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/// @dev Internal function to calculate and pay taxes for a position, adjusting shares and handling position liquidation if necessary.
function _payTax(uint256 positionId, StakingPosition storage pos, uint256 taxFloorDuration) private {
// ihet = Implied Holding Expiry Timestamp
uint256 ihet = (block.timestamp - pos.creationTime < taxFloorDuration)
? pos.creationTime + taxFloorDuration
: block.timestamp;
uint256 elapsedTime = ihet - pos.lastTaxTime;
uint256 assetsBefore = sharesToAssets(pos.share);
uint256 taxAmountDue = assetsBefore * TAX_RATES[pos.taxRate] * elapsedTime / (365 * 24 * 60 * 60) / TAX_RATE_BASE;
if (taxAmountDue >= assetsBefore) {
// can not pay more tax than value of position
taxAmountDue = assetsBefore;
}
SafeERC20.safeTransfer(harb, taxPool, taxAmountDue);
if (assetsBefore - taxAmountDue > 0) {
// if something left over, update storage
uint256 shareAfterTax = assetsToShares(assetsBefore - taxAmountDue);
outstandingStake -= pos.share - shareAfterTax;
pos.share = shareAfterTax;
pos.lastTaxTime = uint32(block.timestamp);
emit PositionTaxPaid(positionId, pos.owner, taxAmountDue, shareAfterTax, pos.taxRate);
} else {
// if nothing left over, liquidate position
outstandingStake -= pos.share;
emit PositionTaxPaid(positionId, pos.owner, taxAmountDue, 0, pos.taxRate);
emit PositionRemoved(positionId, pos.owner, 0);
delete pos.owner;
delete pos.creationTime;
delete pos.share;
}
}
/// @dev Internal function to close a staking position, transferring the remaining Harb tokens back to the owner after tax payment.
function _exitPosition(uint256 positionId, StakingPosition storage pos) private {
outstandingStake -= pos.share;
address owner = pos.owner;
uint256 assets = sharesToAssets(pos.share);
emit PositionRemoved(positionId, owner, assets);
delete pos.owner;
delete pos.creationTime;
delete pos.share;
SafeERC20.safeTransfer(harb, owner, assets);
}
/// @dev Internal function to reduce the size of a staking position by a specified number of shares, transferring the corresponding Harb tokens to the owner.
function _shrinkPosition(uint256 positionId, StakingPosition storage pos, uint256 sharesToTake) private {
require (sharesToTake < pos.share, "position too small");
uint256 assets = sharesToAssets(sharesToTake);
pos.share -= sharesToTake;
outstandingStake -= sharesToTake;
emit PositionShrunk(positionId, pos.owner, pos.share, assets);
SafeERC20.safeTransfer(harb, pos.owner, assets);
}
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/// @notice Converts Harb token assets to shares of the total staking pool.
/// @param assets Number of Harb tokens to convert.
/// @return Number of shares corresponding to the input assets based on the current total supply of Harb tokens.
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function assetsToShares(uint256 assets) public view returns (uint256) {
return assets.mulDiv(totalSupply, harb.totalSupply(), Math.Rounding.Down);
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}
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/// @notice Converts shares of the total staking pool back to Harb token assets.
/// @param shares Number of shares to convert.
/// @return The equivalent number of Harb tokens for the given shares.
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function sharesToAssets(uint256 shares) public view returns (uint256) {
return shares.mulDiv(harb.totalSupply(), totalSupply, Math.Rounding.Down);
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}
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/// @notice Creates a new staking position by potentially snatching shares from existing positions.
/// @param assets Amount of Harb tokens to convert into a staking position.
/// @param receiver Address that will own the new staking position.
/// @param taxRate The initial tax rate for the new staking position.
/// @param positionsToSnatch Array of position IDs that the new position will replace by snatching.
/// @return positionId The ID of the newly created staking position.
/// @dev Handles staking logic, including tax rate validation and position merging or dissolving.
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function snatch(uint256 assets, address receiver, uint32 taxRate, uint256[] calldata positionsToSnatch)
public
returns (uint256 positionId)
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{
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// check lower boundary
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uint256 sharesWanted = assetsToShares(assets);
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{
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// check that position size is at least minStake
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// to prevent excessive fragmentation, increasing snatch cost
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uint256 minStake = harb.minStake();
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if (assets < minStake) {
revert StakeTooLow(receiver, assets, minStake);
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}
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}
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require(taxRate < TAX_RATES.length, "tax rate out of bounds");
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uint256 smallestPositionShare = totalSupply;
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uint256 availableStake = authorizedStake() - outstandingStake;
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if (positionsToSnatch.length >= 2) {
// run through all but last positions to snatch
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for (uint256 i = 0; i < positionsToSnatch.length - 1; i++) {
StakingPosition storage pos = positions[positionsToSnatch[i]];
if (pos.creationTime == 0) {
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revert PositionNotFound(positionsToSnatch[i], receiver);
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}
// check that tax lower
if (taxRate <= pos.taxRate) {
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revert TaxTooLow(receiver, taxRate, pos.taxRate, positionsToSnatch[i]);
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}
if (pos.share < smallestPositionShare) {
smallestPositionShare = pos.share;
}
// dissolve position
_payTax(positionsToSnatch[i], pos, 0);
_exitPosition(positionsToSnatch[i], pos);
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}
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}
availableStake = authorizedStake() - outstandingStake;
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if (positionsToSnatch.length > 0) {
// handle last position, either shrink or snatch
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uint256 index = positionsToSnatch.length - 1;
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StakingPosition storage lastPos = positions[positionsToSnatch[index]];
if (lastPos.creationTime == 0) {
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revert PositionNotFound(positionsToSnatch[index], receiver);
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}
// check that tax lower
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if (taxRate <= lastPos.taxRate) {
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revert TaxTooLow(receiver, taxRate, lastPos.taxRate, positionsToSnatch[index]);
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}
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if (lastPos.share < smallestPositionShare) {
smallestPositionShare = lastPos.share;
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}
// dissolve position
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_payTax(positionsToSnatch[index], lastPos, 0);
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if (availableStake > sharesWanted) {
revert TooMuchSnatch(receiver, sharesWanted, availableStake, smallestPositionShare);
}
uint256 lastSharesNeeded = sharesWanted - availableStake;
if (lastSharesNeeded > lastPos.share * 80 / 100) {
_exitPosition(positionsToSnatch[index], lastPos);
} else {
_shrinkPosition(positionsToSnatch[index], lastPos, lastSharesNeeded);
}
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}
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availableStake = authorizedStake() - outstandingStake;
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if (sharesWanted > availableStake) {
revert ExceededAvailableStake(receiver, sharesWanted, availableStake);
}
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// avoid greeving where more positions are freed than needed.
if (availableStake - sharesWanted > smallestPositionShare) {
revert TooMuchSnatch(receiver, sharesWanted, availableStake, smallestPositionShare);
}
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// transfer
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SafeERC20.safeTransferFrom(harb, msg.sender, address(this), assets);
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// mint
positionId = nextPositionId++;
StakingPosition storage sp = positions[positionId];
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sp.share = sharesWanted;
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sp.owner = receiver;
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sp.lastTaxTime = uint32(block.timestamp);
sp.creationTime = uint32(block.timestamp);
sp.taxRate = taxRate;
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outstandingStake += sharesWanted;
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emit PositionCreated(positionId, sp.owner, assets, sp.share, sp.taxRate);
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}
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/// @notice Combines an ERC20 permit operation with the snatch function, allowing a staking position creation in one transaction.
/// @param assets Number of Harb tokens to stake.
/// @param receiver Address that will own the new staking position.
/// @param taxRate The initial tax rate for the new staking position.
/// @param positionsToSnatch Array of position IDs that the new position will replace by snatching.
/// @param deadline Time until which the permit is valid.
/// @param v, r, s Components of the signature for the permit.
/// @return positionId The ID of the newly created staking position.
function permitAndSnatch(
uint256 assets,
address receiver,
uint32 taxRate,
uint256[] calldata positionsToSnatch,
// address owner,
// address spender,
// uint256 value,
uint256 deadline,
uint8 v,
bytes32 r,
bytes32 s
) external
returns (uint256 positionId)
{
ERC20Permit(address(harb)).permit(receiver, address(this), assets, deadline, v, r, s);
return snatch(assets, receiver, taxRate, positionsToSnatch);
}
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/// @notice Changes the tax rate of an existing staking position.
/// @param positionId The ID of the staking position to update.
/// @param taxRate The new tax rate to apply to the position.
/// @dev Ensures that the tax rate change is valid and applies the minimum tax based on the TAX_FLOOR_DURATION.
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function changeTax(uint256 positionId, uint32 taxRate) external {
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require(taxRate < TAX_RATES.length, "tax rate out of bounds");
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StakingPosition storage pos = positions[positionId];
if (pos.creationTime == 0) {
revert PositionNotFound(positionId, msg.sender);
}
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if (pos.owner != msg.sender) {
revert NoPermission(msg.sender, pos.owner);
}
// to prevent snatch-and-change grieving attack, pay TAX_FLOOR_DURATION
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require(taxRate > pos.taxRate, "tax too low to snatch");
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_payTax(positionId, pos, TAX_FLOOR_DURATION);
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pos.taxRate = taxRate;
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emit PositionRateHiked(positionId, pos.owner, taxRate);
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}
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/// @notice Allows the owner of a staking position to exit, returning the staked assets.
/// @param positionId The ID of the staking position to exit.
/// @dev Pays the due taxes based on the TAX_FLOOR_DURATION and returns the remaining assets to the position owner.
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function exitPosition(uint256 positionId) external {
StakingPosition storage pos = positions[positionId];
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if (pos.creationTime == 0) {
revert PositionNotFound(positionId, msg.sender);
}
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if (pos.owner != msg.sender) {
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revert NoPermission(msg.sender, pos.owner);
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}
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// to prevent snatch-and-exit grieving attack, pay TAX_FLOOR_DURATION
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_payTax(positionId, pos, TAX_FLOOR_DURATION);
_exitPosition(positionId, pos);
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}
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/// @notice Manually triggers the tax payment for a specified staking position.
/// @param positionId The ID of the staking position for which to pay taxes.
/// @dev Calculates and pays the tax due, possibly adjusting the position's share count.
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function payTax(uint256 positionId) external {
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StakingPosition storage pos = positions[positionId];
_payTax(positionId, pos, 0);
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}
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/// @notice Calculates the Tax that is due to be paid on specific positoin
/// @param positionId The ID of the staking position for which to pay taxes.
/// @param taxFloorDuration if a minimum holding duration is applied to the position this value is > 0 in seconds.
/// @dev Calculates the tax due.
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function taxDue(uint256 positionId, uint256 taxFloorDuration) public view returns (uint256 amountDue) {
StakingPosition storage pos = positions[positionId];
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// ihet = Implied Holding Expiry Timestamp
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uint256 ihet = (block.timestamp - pos.creationTime < taxFloorDuration)
? pos.creationTime + taxFloorDuration
: block.timestamp;
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uint256 elapsedTime = ihet - pos.lastTaxTime;
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uint256 assetsBefore = sharesToAssets(pos.share);
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amountDue = assetsBefore * TAX_RATES[pos.taxRate] * elapsedTime / (365 * 24 * 60 * 60) / TAX_RATE_BASE;
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}
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}