61 KiB
61 KiB
YT流动性池合约设计方案
基于GMX GLP核心概念的YT代币流动性池系统
1. 项目概述
1.1 设计目标
基于GMX GLP原理,设计一个支持多种YT(Yield Token)代币的流动性池系统。
核心特点:
- 一篮子YT代币: YT-A, YT-B, YT-C等(不同的收益代币)
- WUSD代币支持: 支持WUSD稳定币(地址:
0x7Cd017ca5ddb86861FA983a34b5F495C6F898c41) - 统一底层: 所有YT都基于USDC
- LP代币(ytLP): 代表用户在池子中的份额
- Swap功能: YT-A ↔ YT-B ↔ YT-C ↔ WUSD
- 计价单位: USDY(完全模拟GMX的USDG)
- 动态手续费: 根据池子占比自动调整手续费
- 自动复利: 手续费直接留在池子中,ytLP价值自动增长
1.2 架构对比
| 特性 | GMX GLP | YT流动性池 |
|---|---|---|
| 资产类型 | 多种加密资产 | 多种YT代币 + WUSD |
| 代币示例 | ETH, WBTC, USDC, USDT | YT-A, YT-B, YT-C, WUSD |
| 底层资产 | 各不相同 | YT代币(YT本身基于USDC) |
| 主要用途 | 为永续合约提供流动性 | YT代币互换 |
| 计价单位 | USDG | USDY |
| 动态手续费 | ✅ | ✅ |
| 收益来源 | 手续费 + 交易者损失 | 仅Swap手续费 |
| LP代币 | GLP | ytLP |
1.3 三层架构说明
层次1: YT流动性池
├─ 底层资产:YT-A, YT-B, YT-C, WUSD(池子实际持有的)
├─ 计价单位:USDY
└─ LP代币:ytLP
层次2: YT代币本身
├─ YT-A:ERC4626代币,本金是USDC
├─ YT-B:ERC4626代币,本金是USDC
└─ YT-C:ERC4626代币,本金是USDC
层次3: 底层资产
└─ USDC:所有YT的本金资产
2. 系统架构
┌─────────────────────────────────────────┐
│ 用户交互层 │
│ YTRewardRouter.sol │
│ (addLiquidity / removeLiquidity) │
└──────────────┬──────────────────────────┘
│
┌──────────┴─────────────┐
▼ ▼
┌───────────────┐ ┌──────────────────┐
│ YTPoolManager │◄────│ YTVault │
│ (流动性管理) │ │ (资金池+动态费率)│
└───────┬───────┘ └──────┬───────────┘
│ │
│ ├──► YT-A (40%)
│ ├──► YT-B (30%)
│ ├──► YT-C (20%)
│ └──► WUSD (10%)
▼
┌───────────────┐
│ ytLP Token │
│ (ERC20) │
│ 持有即增值 │
└───────────────┘
辅助合约:
├─ USDY.sol (统一计价代币)
└─ YTPriceFeed.sol (价格读取器)
3. 核心合约设计
3.1 USDY Token (USDY.sol)
功能: 统一计价代币,完全模拟GMX的USDG
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
import "@openzeppelin/contracts/token/ERC20/ERC20.sol";
import "@openzeppelin/contracts/access/Ownable.sol";
contract USDY is ERC20, Ownable {
mapping(address => bool) public vaults;
event VaultAdded(address indexed vault);
event VaultRemoved(address indexed vault);
modifier onlyVault() {
require(vaults[msg.sender], "USDY: forbidden");
_;
}
constructor(address _vault) ERC20("YT USD", "USDY") {
vaults[_vault] = true;
}
function addVault(address _vault) external onlyOwner {
vaults[_vault] = true;
emit VaultAdded(_vault);
}
function removeVault(address _vault) external onlyOwner {
vaults[_vault] = false;
emit VaultRemoved(_vault);
}
function mint(address _account, uint256 _amount) external onlyVault {
_mint(_account, _amount);
}
function burn(address _account, uint256 _amount) external onlyVault {
_burn(_account, _amount);
}
}
关键特性:
- 授权铸造:只有授权合约可以mint/burn
- ERC20标准:可在合约间转移
- 价值传递:作为Vault和PoolManager之间的中介
- 计价单位:1 USDY ≈ $1
3.2 ytLP Token (YTLPToken.sol)
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
import "@openzeppelin/contracts/token/ERC20/ERC20.sol";
import "@openzeppelin/contracts/access/Ownable.sol";
contract YTLPToken is ERC20, Ownable {
mapping(address => bool) public isMinter;
constructor() ERC20("YT Liquidity Provider", "ytLP") {}
modifier onlyMinter() {
require(isMinter[msg.sender], "YTLPToken: not minter");
_;
}
function setMinter(address _minter, bool _isActive) external onlyOwner {
isMinter[_minter] = _isActive;
}
function mint(address _to, uint256 _amount) external onlyMinter {
_mint(_to, _amount);
}
function burn(address _from, uint256 _amount) external onlyMinter {
_burn(_from, _amount);
}
}
3.3 YT Vault (YTVault.sol)
功能: 核心资金池,处理YT代币的存储、交换和手续费
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
import "@openzeppelin/contracts/security/ReentrancyGuard.sol";
import "@openzeppelin/contracts/token/ERC20/IERC20.sol";
import "@openzeppelin/contracts/token/ERC20/utils/SafeERC20.sol";
contract YTVault is ReentrancyGuard {
using SafeERC20 for IERC20;
// ========== 常量 ==========
uint256 public constant PRICE_PRECISION = 10 ** 30;
uint256 public constant BASIS_POINTS_DIVISOR = 10000;
uint256 public constant USDY_DECIMALS = 18;
// ========== 状态变量 ==========
address public gov;
address public ytPoolManager;
address public priceFeed;
address public usdy;
bool public isSwapEnabled = true;
bool public emergencyMode = false;
// 代币白名单
address[] public allWhitelistedTokens;
mapping(address => bool) public whitelistedTokens;
mapping(address => uint256) public tokenDecimals;
mapping(address => uint256) public tokenWeights;
uint256 public totalTokenWeights;
// 池子资产
mapping(address => uint256) public poolAmounts;
mapping(address => uint256) public bufferAmounts;
mapping(address => uint256) public reservedAmounts;
mapping(address => uint256) public tokenBalances; // 跟踪实际代币余额
// USDY债务追踪(用于动态手续费)
mapping(address => uint256) public usdyAmounts;
mapping(address => uint256) public maxUsdyAmounts;
// 手续费配置
uint256 public swapFeeBasisPoints = 30;
uint256 public stableSwapFeeBasisPoints = 4;
uint256 public taxBasisPoints = 50;
uint256 public stableTaxBasisPoints = 20;
bool public hasDynamicFees = true;
// 全局滑点保护
uint256 public maxSwapSlippageBps = 1000; // 10% 最大滑点
// 单笔交易限额
mapping(address => uint256) public maxSwapAmount;
// 断路器参数
uint256 public dailySwapLimit;
uint256 public currentDaySwapVolume;
uint256 public lastSwapDay;
// ========== 事件 ==========
event Swap(address indexed account, address indexed tokenIn, address indexed tokenOut, uint256 amountIn, uint256 amountOut, uint256 feeBasisPoints);
event AddLiquidity(address indexed account, address indexed token, uint256 amount, uint256 wusdAmount);
event RemoveLiquidity(address indexed account, address indexed token, uint256 wusdAmount, uint256 amountOut);
// ========== 修饰符 ==========
modifier onlyGov() {
require(msg.sender == gov, "YTVault: forbidden");
_;
}
modifier onlyPoolManager() {
require(msg.sender == ytPoolManager, "YTVault: only pool manager");
_;
}
modifier notInEmergency() {
require(!emergencyMode, "YTVault: emergency mode");
_;
}
// ========== 构造函数 ==========
constructor(address _usdy, address _priceFeed) {
gov = msg.sender;
usdy = _usdy;
priceFeed = _priceFeed;
}
// ========== 管理函数 ==========
function setPoolManager(address _manager) external onlyGov {
ytPoolManager = _manager;
}
function setWhitelistedToken(
address _token,
uint256 _decimals,
uint256 _weight,
uint256 _maxUsdyAmount
) external onlyGov {
if (!whitelistedTokens[_token]) {
allWhitelistedTokens.push(_token);
whitelistedTokens[_token] = true;
}
totalTokenWeights = totalTokenWeights - tokenWeights[_token] + _weight;
tokenDecimals[_token] = _decimals;
tokenWeights[_token] = _weight;
maxUsdyAmounts[_token] = _maxUsdyAmount;
}
function clearWhitelistedToken(address _token) external onlyGov {
require(whitelistedTokens[_token], "YTVault: token not whitelisted");
totalTokenWeights = totalTokenWeights - tokenWeights[_token];
delete whitelistedTokens[_token];
delete tokenDecimals[_token];
delete tokenWeights[_token];
delete maxUsdyAmounts[_token];
}
function setSwapFees(
uint256 _swapFee,
uint256 _stableSwapFee,
uint256 _taxBasisPoints,
uint256 _stableTaxBasisPoints
) external onlyGov {
require(_swapFee <= 100, "YTVault: invalid swap fee");
require(_stableSwapFee <= 50, "YTVault: invalid stable swap fee");
swapFeeBasisPoints = _swapFee;
stableSwapFeeBasisPoints = _stableSwapFee;
taxBasisPoints = _taxBasisPoints;
stableTaxBasisPoints = _stableTaxBasisPoints;
}
function setDynamicFees(bool _hasDynamicFees) external onlyGov {
hasDynamicFees = _hasDynamicFees;
}
function setEmergencyMode(bool _emergencyMode) external onlyGov {
emergencyMode = _emergencyMode;
}
function setSwapEnabled(bool _isSwapEnabled) external onlyGov {
isSwapEnabled = _isSwapEnabled;
}
function withdrawToken(address _token, address _receiver, uint256 _amount) external onlyGov {
require(emergencyMode, "YTVault: not in emergency");
IERC20(_token).safeTransfer(_receiver, _amount);
_updateTokenBalance(_token);
}
function setMaxSwapSlippageBps(uint256 _slippageBps) external onlyGov {
require(_slippageBps <= 2000, "YTVault: slippage too high"); // 最大20%
maxSwapSlippageBps = _slippageBps;
}
function setMaxSwapAmount(address _token, uint256 _amount) external onlyGov {
maxSwapAmount[_token] = _amount;
}
function setDailySwapLimit(uint256 _limit) external onlyGov {
dailySwapLimit = _limit;
}
// ========== 核心功能:buyUSDY ==========
function buyUSDY(address _token, address _receiver)
external
onlyPoolManager
nonReentrant
notInEmergency
returns (uint256)
{
require(whitelistedTokens[_token], "YTVault: token not whitelisted");
require(isSwapEnabled, "YTVault: swap disabled");
uint256 tokenAmount = _transferIn(_token);
require(tokenAmount > 0, "YTVault: invalid token amount");
uint256 price = _getPrice(_token, false);
uint256 usdyAmount = tokenAmount * price / PRICE_PRECISION;
usdyAmount = _adjustForDecimals(usdyAmount, _token, usdy);
require(usdyAmount > 0, "YTVault: invalid usdy amount");
uint256 feeBasisPoints = _getSwapFeeBasisPoints(_token, usdy, usdyAmount);
uint256 feeAmount = tokenAmount * feeBasisPoints / BASIS_POINTS_DIVISOR;
uint256 amountAfterFees = tokenAmount - feeAmount;
uint256 usdyAmountAfterFees = amountAfterFees * price / PRICE_PRECISION;
usdyAmountAfterFees = _adjustForDecimals(usdyAmountAfterFees, _token, usdy);
// 全部代币(包含手续费)加入池子
_increasePoolAmount(_token, tokenAmount);
_increaseUsdyAmount(_token, usdyAmountAfterFees);
IUSDY(usdy).mint(_receiver, usdyAmountAfterFees);
emit AddLiquidity(_receiver, _token, tokenAmount, usdyAmountAfterFees);
return usdyAmountAfterFees;
}
// ========== 核心功能:sellUSDY ==========
function sellUSDY(address _token, address _receiver)
external
onlyPoolManager
nonReentrant
notInEmergency
returns (uint256)
{
require(whitelistedTokens[_token], "YTVault: token not whitelisted");
require(isSwapEnabled, "YTVault: swap disabled");
uint256 usdyAmount = _transferIn(usdy);
require(usdyAmount > 0, "YTVault: invalid usdy amount");
uint256 price = _getPrice(_token, true);
uint256 tokenAmount = usdyAmount * PRICE_PRECISION / price;
tokenAmount = _adjustForDecimals(tokenAmount, usdy, _token);
uint256 feeBasisPoints = _getSwapFeeBasisPoints(usdy, _token, tokenAmount);
uint256 amountOutAfterFees = tokenAmount * (BASIS_POINTS_DIVISOR - feeBasisPoints) / BASIS_POINTS_DIVISOR;
require(amountOutAfterFees > 0, "YTVault: invalid amount out");
require(poolAmounts[_token] >= amountOutAfterFees, "YTVault: insufficient pool");
_decreasePoolAmount(_token, amountOutAfterFees);
_decreaseUsdyAmount(_token, usdyAmount);
IUSDY(usdy).burn(address(this), usdyAmount);
IERC20(_token).safeTransfer(_receiver, amountOutAfterFees);
emit RemoveLiquidity(_receiver, _token, usdyAmount, amountOutAfterFees);
return amountOutAfterFees;
}
// ========== 核心功能:swap ==========
function swap(
address _tokenIn,
address _tokenOut,
address _receiver
) external onlyPoolManager nonReentrant notInEmergency returns (uint256) {
require(isSwapEnabled, "YTVault: swap disabled");
require(whitelistedTokens[_tokenIn], "YTVault: tokenIn not whitelisted");
require(whitelistedTokens[_tokenOut], "YTVault: tokenOut not whitelisted");
require(_tokenIn != _tokenOut, "YTVault: same token");
uint256 amountIn = _transferIn(_tokenIn);
require(amountIn > 0, "YTVault: invalid amount in");
// 检查单笔交易限额
if (maxSwapAmount[_tokenIn] > 0) {
require(amountIn <= maxSwapAmount[_tokenIn], "YTVault: amount exceeds limit");
}
uint256 priceIn = _getPrice(_tokenIn, false);
uint256 priceOut = _getPrice(_tokenOut, true);
uint256 usdyAmount = amountIn * priceIn / PRICE_PRECISION;
usdyAmount = _adjustForDecimals(usdyAmount, _tokenIn, usdy);
// 检查每日交易量限制
_checkDailySwapLimit(usdyAmount);
uint256 amountOut = usdyAmount * PRICE_PRECISION / priceOut;
amountOut = _adjustForDecimals(amountOut, usdy, _tokenOut);
uint256 feeBasisPoints = _getSwapFeeBasisPoints(_tokenIn, _tokenOut, amountOut);
uint256 amountOutAfterFees = amountOut * (BASIS_POINTS_DIVISOR - feeBasisPoints) / BASIS_POINTS_DIVISOR;
require(amountOutAfterFees > 0, "YTVault: invalid amount out");
require(poolAmounts[_tokenOut] >= amountOutAfterFees, "YTVault: insufficient pool");
// 全局滑点保护
_validateSwapSlippage(amountIn, amountOutAfterFees, priceIn, priceOut);
_increasePoolAmount(_tokenIn, amountIn);
_decreasePoolAmount(_tokenOut, amountOutAfterFees);
_increaseUsdyAmount(_tokenIn, usdyAmount);
_decreaseUsdyAmount(_tokenOut, usdyAmount);
IERC20(_tokenOut).safeTransfer(_receiver, amountOutAfterFees);
emit Swap(msg.sender, _tokenIn, _tokenOut, amountIn, amountOutAfterFees, feeBasisPoints);
return amountOutAfterFees;
}
// ========== 查询函数 ==========
function getPrice(address _token) external view returns (uint256) {
return _getPrice(_token, true);
}
function getAllPoolTokens() external view returns (address[] memory) {
return allWhitelistedTokens;
}
function getPoolValue() external view returns (uint256) {
uint256 totalValue = 0;
for (uint256 i = 0; i < allWhitelistedTokens.length; i++) {
address token = allWhitelistedTokens[i];
if (!whitelistedTokens[token]) continue;
uint256 amount = poolAmounts[token];
uint256 price = _getPrice(token, true);
uint256 value = amount * price / PRICE_PRECISION;
totalValue += value;
}
return totalValue;
}
// ========== 动态手续费机制 ==========
function getTargetUsdyAmount(address _token) public view returns (uint256) {
uint256 supply = IERC20(usdy).totalSupply();
if (supply == 0) { return 0; }
uint256 weight = tokenWeights[_token];
return weight * supply / totalTokenWeights;
}
function _increaseUsdyAmount(address _token, uint256 _amount) private {
usdyAmounts[_token] = usdyAmounts[_token] + _amount;
uint256 maxUsdyAmount = maxUsdyAmounts[_token];
if (maxUsdyAmount != 0) {
require(usdyAmounts[_token] <= maxUsdyAmount, "YTVault: max USDY exceeded");
}
}
function _decreaseUsdyAmount(address _token, uint256 _amount) private {
uint256 value = usdyAmounts[_token];
require(value >= _amount, "YTVault: insufficient USDY amount");
usdyAmounts[_token] = value - _amount;
}
function getFeeBasisPoints(
address _token,
uint256 _usdyDelta,
uint256 _feeBasisPoints,
uint256 _taxBasisPoints,
bool _increment
) public view returns (uint256) {
if (!hasDynamicFees) { return _feeBasisPoints; }
uint256 initialAmount = usdyAmounts[_token];
uint256 nextAmount = initialAmount + _usdyDelta;
if (!_increment) {
nextAmount = _usdyDelta > initialAmount ? 0 : initialAmount - _usdyDelta;
}
uint256 targetAmount = getTargetUsdyAmount(_token);
if (targetAmount == 0) { return _feeBasisPoints; }
uint256 initialDiff = initialAmount > targetAmount
? initialAmount - targetAmount
: targetAmount - initialAmount;
uint256 nextDiff = nextAmount > targetAmount
? nextAmount - targetAmount
: targetAmount - nextAmount;
// 改善平衡 → 降低手续费
if (nextDiff < initialDiff) {
uint256 rebateBps = _taxBasisPoints * initialDiff / targetAmount;
return rebateBps > _feeBasisPoints ? 0 : _feeBasisPoints - rebateBps;
}
// 恶化平衡 → 提高手续费
uint256 averageDiff = (initialDiff + nextDiff) / 2;
if (averageDiff > targetAmount) {
averageDiff = targetAmount;
}
uint256 taxBps = _taxBasisPoints * averageDiff / targetAmount;
return _feeBasisPoints + taxBps;
}
function _getSwapFeeBasisPoints(
address _tokenIn,
address _tokenOut,
uint256 _usdyAmount
) private view returns (uint256) {
bool isStableSwap = (_tokenIn == usdy || _tokenOut == usdy);
uint256 baseBps = isStableSwap ? stableSwapFeeBasisPoints : swapFeeBasisPoints;
uint256 taxBps = isStableSwap ? stableTaxBasisPoints : taxBasisPoints;
if (!hasDynamicFees) {
return baseBps;
}
uint256 feesBasisPoints0 = getFeeBasisPoints(_tokenIn, _usdyAmount, baseBps, taxBps, true);
uint256 feesBasisPoints1 = getFeeBasisPoints(_tokenOut, _usdyAmount, baseBps, taxBps, false);
return feesBasisPoints0 > feesBasisPoints1 ? feesBasisPoints0 : feesBasisPoints1;
}
// ========== 内部函数 ==========
function _transferIn(address _token) private returns (uint256) {
uint256 prevBalance = tokenBalances[_token];
uint256 nextBalance = IERC20(_token).balanceOf(address(this));
tokenBalances[_token] = nextBalance;
return nextBalance - prevBalance;
}
function _updateTokenBalance(address _token) private {
tokenBalances[_token] = IERC20(_token).balanceOf(address(this));
}
function _increasePoolAmount(address _token, uint256 _amount) private {
poolAmounts[_token] += _amount;
_validatePoolAmount(_token);
}
function _decreasePoolAmount(address _token, uint256 _amount) private {
require(poolAmounts[_token] >= _amount, "YTVault: insufficient pool");
poolAmounts[_token] -= _amount;
}
function _validatePoolAmount(address _token) private view {
require(poolAmounts[_token] <= tokenBalances[_token], "YTVault: invalid pool amount");
}
function _validateSwapSlippage(
uint256 _amountIn,
uint256 _amountOut,
uint256 _priceIn,
uint256 _priceOut
) private view {
// 计算预期输出(不含手续费)
uint256 expectedOut = _amountIn * _priceIn / _priceOut;
// 计算实际滑点
if (expectedOut > _amountOut) {
uint256 slippage = (expectedOut - _amountOut) * BASIS_POINTS_DIVISOR / expectedOut;
require(slippage <= maxSwapSlippageBps, "YTVault: slippage too high");
}
}
function _checkDailySwapLimit(uint256 _usdyAmount) private {
if (dailySwapLimit == 0) return;
uint256 currentDay = block.timestamp / 1 days;
// 新的一天,重置计数器
if (currentDay > lastSwapDay) {
currentDaySwapVolume = 0;
lastSwapDay = currentDay;
}
currentDaySwapVolume += _usdyAmount;
require(currentDaySwapVolume <= dailySwapLimit, "YTVault: daily limit exceeded");
}
function _getPrice(address _token, bool _maximise) private view returns (uint256) {
return IYTPriceFeed(priceFeed).getPrice(_token, _maximise);
}
function _adjustForDecimals(
uint256 _amount,
address _tokenFrom,
address _tokenTo
) private view returns (uint256) {
uint256 decimalsFrom = tokenDecimals[_tokenFrom];
uint256 decimalsTo = tokenDecimals[_tokenTo];
if (decimalsFrom == decimalsTo) {
return _amount;
}
if (decimalsFrom > decimalsTo) {
return _amount / (10 ** (decimalsFrom - decimalsTo));
}
return _amount * (10 ** (decimalsTo - decimalsFrom));
}
}
// ========== 接口定义 ==========
interface IUSDY {
function mint(address _to, uint256 _amount) external;
function burn(address _from, uint256 _amount) external;
}
interface IYTPriceFeed {
function getPrice(address _token, bool _maximise) external view returns (uint256);
}
3.4 YT Pool Manager (YTPoolManager.sol)
功能: 管理ytLP的铸造和赎回,计算池子AUM
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
import "@openzeppelin/contracts/security/ReentrancyGuard.sol";
import "@openzeppelin/contracts/token/ERC20/IERC20.sol";
import "@openzeppelin/contracts/token/ERC20/utils/SafeERC20.sol";
contract YTPoolManager is ReentrancyGuard {
using SafeERC20 for IERC20;
// ========== 常量 ==========
uint256 public constant PRICE_PRECISION = 10 ** 30;
uint256 public constant YTLP_PRECISION = 10 ** 18;
uint256 public constant BASIS_POINTS_DIVISOR = 10000;
uint256 public constant MAX_COOLDOWN_DURATION = 48 hours;
// ========== 状态变量 ==========
address public gov;
address public ytVault;
address public usdy;
address public ytLP;
uint256 public cooldownDuration = 15 minutes;
mapping(address => uint256) public lastAddedAt;
bool public inPrivateMode;
mapping(address => bool) public isHandler;
uint256 public aumAddition;
uint256 public aumDeduction;
// ========== 事件 ==========
event AddLiquidity(address indexed account, address indexed token, uint256 amount, uint256 aumInUsdy, uint256 ytLPSupply, uint256 usdyAmount, uint256 mintAmount);
event RemoveLiquidity(address indexed account, address indexed token, uint256 ytLPAmount, uint256 aumInUsdy, uint256 ytLPSupply, uint256 usdyAmount, uint256 amountOut);
// ========== 修饰符 ==========
modifier onlyGov() {
require(msg.sender == gov, "YTPoolManager: forbidden");
_;
}
modifier onlyHandler() {
require(isHandler[msg.sender] || msg.sender == gov, "YTPoolManager: forbidden");
_;
}
// ========== 构造函数 ==========
constructor(
address _ytVault,
address _usdy,
address _ytLP,
uint256 _cooldownDuration
) {
gov = msg.sender;
ytVault = _ytVault;
usdy = _usdy;
ytLP = _ytLP;
cooldownDuration = _cooldownDuration;
}
// ========== 管理函数 ==========
function setHandler(address _handler, bool _isActive) external onlyGov {
isHandler[_handler] = _isActive;
}
function setCooldownDuration(uint256 _duration) external onlyGov {
require(_duration <= MAX_COOLDOWN_DURATION, "YTPoolManager: invalid duration");
cooldownDuration = _duration;
}
function setAumAdjustment(uint256 _addition, uint256 _deduction) external onlyGov {
aumAddition = _addition;
aumDeduction = _deduction;
}
function setInPrivateMode(bool _inPrivateMode) external onlyGov {
inPrivateMode = _inPrivateMode;
}
// ========== 核心功能:添加流动性 ==========
function addLiquidity(
address _token,
uint256 _amount,
uint256 _minUsdy,
uint256 _minYtLP
) external nonReentrant returns (uint256) {
require(!inPrivateMode, "YTPoolManager: private mode");
return _addLiquidity(msg.sender, msg.sender, _token, _amount, _minUsdy, _minYtLP);
}
function addLiquidityForAccount(
address _fundingAccount,
address _account,
address _token,
uint256 _amount,
uint256 _minUsdy,
uint256 _minYtLP
) external onlyHandler nonReentrant returns (uint256) {
return _addLiquidity(_fundingAccount, _account, _token, _amount, _minUsdy, _minYtLP);
}
function _addLiquidity(
address _fundingAccount,
address _account,
address _token,
uint256 _amount,
uint256 _minUsdy,
uint256 _minYtLP
) private returns (uint256) {
require(_amount > 0, "YTPoolManager: invalid amount");
uint256 aumInUsdy = getAumInUsdy(true);
uint256 ytLPSupply = IERC20(ytLP).totalSupply();
IERC20(_token).safeTransferFrom(_fundingAccount, ytVault, _amount);
uint256 usdyAmount = IYTVault(ytVault).buyUSDY(_token, address(this));
require(usdyAmount >= _minUsdy, "YTPoolManager: insufficient USDY");
uint256 mintAmount;
if (ytLPSupply == 0) {
mintAmount = usdyAmount;
} else {
mintAmount = usdyAmount * ytLPSupply / aumInUsdy;
}
require(mintAmount >= _minYtLP, "YTPoolManager: insufficient ytLP");
IYTLPToken(ytLP).mint(_account, mintAmount);
lastAddedAt[_account] = block.timestamp;
emit AddLiquidity(_account, _token, _amount, aumInUsdy, ytLPSupply, usdyAmount, mintAmount);
return mintAmount;
}
// ========== 核心功能:移除流动性 ==========
function removeLiquidity(
address _tokenOut,
uint256 _ytLPAmount,
uint256 _minOut,
address _receiver
) external nonReentrant returns (uint256) {
require(!inPrivateMode, "YTPoolManager: private mode");
return _removeLiquidity(msg.sender, _tokenOut, _ytLPAmount, _minOut, _receiver);
}
function removeLiquidityForAccount(
address _account,
address _tokenOut,
uint256 _ytLPAmount,
uint256 _minOut,
address _receiver
) external onlyHandler nonReentrant returns (uint256) {
return _removeLiquidity(_account, _tokenOut, _ytLPAmount, _minOut, _receiver);
}
function _removeLiquidity(
address _account,
address _tokenOut,
uint256 _ytLPAmount,
uint256 _minOut,
address _receiver
) private returns (uint256) {
require(_ytLPAmount > 0, "YTPoolManager: invalid amount");
require(
lastAddedAt[_account] + cooldownDuration <= block.timestamp,
"YTPoolManager: cooldown not passed"
);
uint256 aumInUsdy = getAumInUsdy(false);
uint256 ytLPSupply = IERC20(ytLP).totalSupply();
uint256 usdyAmount = _ytLPAmount * aumInUsdy / ytLPSupply;
// 先销毁ytLP
IYTLPToken(ytLP).burn(_account, _ytLPAmount);
// 检查并准备USDY
uint256 usdyBalance = IERC20(usdy).balanceOf(address(this));
if (usdyAmount > usdyBalance) {
// 不直接铸造,而是从Vault获取
uint256 needed = usdyAmount - usdyBalance;
// Vault应该预留足够的USDY储备,这里只是容错处理
// 实际部署时应确保Vault有足够的USDY储备或由治理手动补充
require(usdyBalance >= usdyAmount * 95 / 100, "YTPoolManager: insufficient USDY reserve");
usdyAmount = usdyBalance; // 使用可用余额
}
IERC20(usdy).safeTransfer(ytVault, usdyAmount);
uint256 amountOut = IYTVault(ytVault).sellUSDY(_tokenOut, _receiver);
require(amountOut >= _minOut, "YTPoolManager: insufficient output");
emit RemoveLiquidity(_account, _tokenOut, _ytLPAmount, aumInUsdy, ytLPSupply, usdyAmount, amountOut);
return amountOut;
}
// ========== USDY储备管理 ==========
function depositUsdyReserve(uint256 _amount) external onlyGov {
IERC20(usdy).safeTransferFrom(msg.sender, address(this), _amount);
}
function withdrawUsdyReserve(uint256 _amount, address _receiver) external onlyGov {
IERC20(usdy).safeTransfer(_receiver, _amount);
}
function getUsdyReserve() external view returns (uint256) {
return IERC20(usdy).balanceOf(address(this));
}
// ========== 查询函数 ==========
function getPrice(bool _maximise) external view returns (uint256) {
uint256 aum = getAumInUsdy(_maximise);
uint256 supply = IERC20(ytLP).totalSupply();
if (supply == 0) return YTLP_PRECISION;
return aum * YTLP_PRECISION / supply;
}
function getAumInUsdy(bool _maximise) public view returns (uint256) {
uint256 aum = IYTVault(ytVault).getPoolValue();
aum += aumAddition;
if (aum > aumDeduction) {
aum -= aumDeduction;
} else {
aum = 0;
}
return aum;
}
}
// ========== 接口定义 ==========
interface IYTVault {
function buyUSDY(address _token, address _receiver) external returns (uint256);
function sellUSDY(address _token, address _receiver) external returns (uint256);
function getPoolValue() external view returns (uint256);
}
interface IYTLPToken {
function mint(address _to, uint256 _amount) external;
function burn(address _from, uint256 _amount) external;
}
interface IUSDY {
function mint(address _to, uint256 _amount) external;
function burn(address _from, uint256 _amount) external;
}
3.5 YT Reward Router (YTRewardRouter.sol)
功能: 用户交互入口(简化版,自动复利模式)
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
import "@openzeppelin/contracts/security/ReentrancyGuard.sol";
import "@openzeppelin/contracts/token/ERC20/IERC20.sol";
import "@openzeppelin/contracts/token/ERC20/utils/SafeERC20.sol";
contract YTRewardRouter is ReentrancyGuard {
using SafeERC20 for IERC20;
// ========== 状态变量 ==========
address public gov;
address public usdy;
address public ytLP;
address public ytPoolManager;
address public ytVault;
bool public isInitialized;
// ========== 事件 ==========
event Swap(address indexed account, address tokenIn, address tokenOut, uint256 amountIn, uint256 amountOut);
// ========== 修饰符 ==========
modifier onlyGov() {
require(msg.sender == gov, "YTRewardRouter: forbidden");
_;
}
// ========== 构造函数 ==========
constructor() {
gov = msg.sender;
}
function initialize(
address _usdy,
address _ytLP,
address _ytPoolManager,
address _ytVault
) external onlyGov {
require(!isInitialized, "YTRewardRouter: already initialized");
isInitialized = true;
usdy = _usdy;
ytLP = _ytLP;
ytPoolManager = _ytPoolManager;
ytVault = _ytVault;
}
// ========== 核心功能:添加流动性 ==========
function addLiquidity(
address _token,
uint256 _amount,
uint256 _minUsdy,
uint256 _minYtLP
) external nonReentrant returns (uint256) {
require(_amount > 0, "YTRewardRouter: invalid amount");
address account = msg.sender;
IERC20(_token).safeTransferFrom(account, address(this), _amount);
IERC20(_token).approve(ytPoolManager, _amount);
uint256 ytLPAmount = IYTPoolManager(ytPoolManager).addLiquidityForAccount(
address(this),
account,
_token,
_amount,
_minUsdy,
_minYtLP
);
return ytLPAmount;
}
// ========== 核心功能:移除流动性 ==========
function removeLiquidity(
address _tokenOut,
uint256 _ytLPAmount,
uint256 _minOut,
address _receiver
) external nonReentrant returns (uint256) {
require(_ytLPAmount > 0, "YTRewardRouter: invalid amount");
address account = msg.sender;
uint256 amountOut = IYTPoolManager(ytPoolManager).removeLiquidityForAccount(
account,
_tokenOut,
_ytLPAmount,
_minOut,
_receiver
);
return amountOut;
}
// ========== 核心功能:YT代币Swap ==========
function swapYT(
address _tokenIn,
address _tokenOut,
uint256 _amountIn,
uint256 _minOut,
address _receiver
) external nonReentrant returns (uint256) {
require(_amountIn > 0, "YTRewardRouter: invalid amount");
address account = msg.sender;
IERC20(_tokenIn).safeTransferFrom(account, ytVault, _amountIn);
uint256 amountOut = IYTVault(ytVault).swap(_tokenIn, _tokenOut, _receiver);
require(amountOut >= _minOut, "YTRewardRouter: insufficient output");
emit Swap(account, _tokenIn, _tokenOut, _amountIn, amountOut);
return amountOut;
}
// ========== 查询函数 ==========
function getYtLPPrice() external view returns (uint256) {
return IYTPoolManager(ytPoolManager).getPrice(true);
}
function getAccountValue(address _account) external view returns (uint256) {
uint256 ytLPBalance = IERC20(ytLP).balanceOf(_account);
uint256 ytLPPrice = IYTPoolManager(ytPoolManager).getPrice(true);
return ytLPBalance * ytLPPrice / (10 ** 18);
}
}
// ========== 接口定义 ==========
interface IYTPoolManager {
function addLiquidityForAccount(
address _fundingAccount,
address _account,
address _token,
uint256 _amount,
uint256 _minUsdy,
uint256 _minYtLP
) external returns (uint256);
function removeLiquidityForAccount(
address _account,
address _tokenOut,
uint256 _ytLPAmount,
uint256 _minOut,
address _receiver
) external returns (uint256);
function getPrice(bool _maximise) external view returns (uint256);
}
interface IYTVault {
function swap(
address _tokenIn,
address _tokenOut,
address _receiver
) external returns (uint256);
}
3.6 YT Price Feed (YTPriceFeed.sol)
功能: 直接从YT合约读取价格变量
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
contract YTPriceFeed {
address public gov;
uint256 public constant PRICE_PRECISION = 10 ** 30;
uint256 public constant BASIS_POINTS_DIVISOR = 10000;
// WUSD固定价格
address public constant WUSD = 0x7Cd017ca5ddb86861FA983a34b5F495C6F898c41;
uint256 public constant WUSD_PRICE = 1e30;
// 价格保护参数
uint256 public maxPriceChangeBps = 500; // 5% 最大价格变动
uint256 public maxPriceAge = 1 hours; // 价格最大有效期
// 价格历史记录
mapping(address => uint256) public lastPrice;
mapping(address => uint256) public lastPriceUpdateTime;
// 断路器
bool public circuitBreakerEnabled = true;
event PriceUpdate(address indexed token, uint256 oldPrice, uint256 newPrice, uint256 timestamp);
event CircuitBreakerTriggered(address indexed token, uint256 oldPrice, uint256 newPrice);
modifier onlyGov() {
require(msg.sender == gov, "YTPriceFeed: forbidden");
_;
}
constructor() {
gov = msg.sender;
}
// ========== 管理函数 ==========
function setMaxPriceChangeBps(uint256 _maxPriceChangeBps) external onlyGov {
require(_maxPriceChangeBps <= 2000, "YTPriceFeed: max change too high"); // 最大20%
maxPriceChangeBps = _maxPriceChangeBps;
}
function setMaxPriceAge(uint256 _maxPriceAge) external onlyGov {
require(_maxPriceAge <= 24 hours, "YTPriceFeed: max age too long");
maxPriceAge = _maxPriceAge;
}
function setCircuitBreakerEnabled(bool _enabled) external onlyGov {
circuitBreakerEnabled = _enabled;
}
function forceUpdatePrice(address _token, uint256 _price) external onlyGov {
lastPrice[_token] = _price;
lastPriceUpdateTime[_token] = block.timestamp;
emit PriceUpdate(_token, lastPrice[_token], _price, block.timestamp);
}
// ========== 核心功能 ==========
/**
* @notice 获取YT代币价格(带保护机制)
* @dev 包含价格变动限制和时效性检查
*/
function getPrice(address _token, bool _maximise) external view returns (uint256) {
if (_token == WUSD) {
return WUSD_PRICE;
}
uint256 newPrice = _getRawPrice(_token);
// 价格时效性检查
uint256 lastUpdate = IYTToken(_token).lastPriceUpdate();
require(block.timestamp - lastUpdate <= maxPriceAge, "YTPriceFeed: price too old");
// 断路器检查
if (circuitBreakerEnabled) {
_validatePriceChange(_token, newPrice);
}
return newPrice;
}
/**
* @notice 获取原始价格并更新记录
* @dev 此函数应由可信的keeper定期调用
*/
function updatePrice(address _token) external returns (uint256) {
if (_token == WUSD) {
return WUSD_PRICE;
}
uint256 oldPrice = lastPrice[_token];
uint256 newPrice = _getRawPrice(_token);
// 价格时效性检查
uint256 lastUpdate = IYTToken(_token).lastPriceUpdate();
require(block.timestamp - lastUpdate <= maxPriceAge, "YTPriceFeed: price too old");
// 断路器检查
if (circuitBreakerEnabled) {
_validatePriceChange(_token, newPrice);
}
lastPrice[_token] = newPrice;
lastPriceUpdateTime[_token] = block.timestamp;
emit PriceUpdate(_token, oldPrice, newPrice, block.timestamp);
return newPrice;
}
// ========== 内部函数 ==========
function _getRawPrice(address _token) private view returns (uint256) {
return IYTToken(_token).assetPrice();
}
function _validatePriceChange(address _token, uint256 _newPrice) private view {
uint256 oldPrice = lastPrice[_token];
// 首次设置价格,跳过检查
if (oldPrice == 0) {
return;
}
// 检查时间间隔(短时间内的大幅波动才需要警惕)
uint256 timeSinceLastUpdate = block.timestamp - lastPriceUpdateTime[_token];
if (timeSinceLastUpdate >= maxPriceAge) {
return; // 长时间未更新,允许较大变动
}
// 计算价格变动百分比
uint256 priceDiff = _newPrice > oldPrice ? _newPrice - oldPrice : oldPrice - _newPrice;
uint256 maxDiff = oldPrice * maxPriceChangeBps / BASIS_POINTS_DIVISOR;
if (priceDiff > maxDiff) {
emit CircuitBreakerTriggered(_token, oldPrice, _newPrice);
revert("YTPriceFeed: price change too large");
}
}
// ========== 查询函数 ==========
function getPriceInfo(address _token) external view returns (
uint256 currentPrice,
uint256 cachedPrice,
uint256 lastUpdate,
uint256 priceAge,
bool isStale
) {
currentPrice = _getRawPrice(_token);
cachedPrice = lastPrice[_token];
lastUpdate = IYTToken(_token).lastPriceUpdate();
priceAge = block.timestamp - lastUpdate;
isStale = priceAge > maxPriceAge;
}
}
interface IYTToken {
function assetPrice() external view returns (uint256);
function lastPriceUpdate() external view returns (uint256);
}
YT代币需要实现:
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
import "@openzeppelin/contracts/token/ERC20/ERC20.sol";
import "@openzeppelin/contracts/access/Ownable.sol";
contract YTToken is ERC20, Ownable {
uint256 public constant PRICE_PRECISION = 10 ** 30;
uint256 public totalAssets;
uint256 public accumulatedYield;
// 价格变量(public自动生成getter)
uint256 public assetPrice;
uint256 public lastPriceUpdate;
// 价格更新控制
address public priceUpdater;
uint256 public minUpdateInterval = 5 minutes; // 最小更新间隔
event PriceUpdated(uint256 oldPrice, uint256 newPrice, uint256 timestamp);
event YieldAccumulated(uint256 amount, uint256 timestamp);
modifier onlyPriceUpdater() {
require(msg.sender == priceUpdater || msg.sender == owner(), "YTToken: not updater");
_;
}
constructor(string memory name, string memory symbol) ERC20(name, symbol) {
assetPrice = PRICE_PRECISION; // 初始价格为1
lastPriceUpdate = block.timestamp;
priceUpdater = msg.sender;
}
function setPriceUpdater(address _updater) external onlyOwner {
priceUpdater = _updater;
}
function setMinUpdateInterval(uint256 _interval) external onlyOwner {
require(_interval <= 1 hours, "YTToken: interval too long");
minUpdateInterval = _interval;
}
/**
* @notice 更新代币价格
* @dev 只能由授权的updater调用,有最小时间间隔限制
*/
function updatePrice() public onlyPriceUpdater {
require(
block.timestamp >= lastPriceUpdate + minUpdateInterval,
"YTToken: update too frequent"
);
uint256 oldPrice = assetPrice;
uint256 supply = totalSupply();
if (supply == 0) {
assetPrice = PRICE_PRECISION;
} else {
uint256 totalValue = totalAssets + accumulatedYield;
// 计算每个token对应的USDC价值(18位精度)
uint256 usdcPerToken = totalValue * 1e18 / supply;
// 转换为30位精度的价格
assetPrice = usdcPerToken * PRICE_PRECISION / 1e18;
}
lastPriceUpdate = block.timestamp;
emit PriceUpdated(oldPrice, assetPrice, block.timestamp);
}
/**
* @notice 累积收益并更新价格
* @dev 当从收益策略中收到新收益时调用
*/
function updateYield(uint256 _newYield) external onlyPriceUpdater {
require(_newYield > 0, "YTToken: invalid yield");
accumulatedYield += _newYield;
emit YieldAccumulated(_newYield, block.timestamp);
// 收益更新后立即更新价格
if (block.timestamp >= lastPriceUpdate + minUpdateInterval) {
uint256 oldPrice = assetPrice;
uint256 supply = totalSupply();
if (supply > 0) {
uint256 totalValue = totalAssets + accumulatedYield;
uint256 usdcPerToken = totalValue * 1e18 / supply;
assetPrice = usdcPerToken * PRICE_PRECISION / 1e18;
}
lastPriceUpdate = block.timestamp;
emit PriceUpdated(oldPrice, assetPrice, block.timestamp);
}
}
/**
* @notice 获取当前价格信息
*/
function getPriceInfo() external view returns (
uint256 price,
uint256 lastUpdate,
uint256 timeSinceUpdate,
uint256 totalVal
) {
price = assetPrice;
lastUpdate = lastPriceUpdate;
timeSinceUpdate = block.timestamp - lastPriceUpdate;
totalVal = totalAssets + accumulatedYield;
}
}
4. 自动复利机制
4.1 核心理念
类似Compound的cToken,持有ytLP即自动增值,无需手动领取奖励。
用户持有ytLP → 池子收取手续费 → 手续费留在poolAmounts → AUM增长 → ytLP价格上涨
4.2 收益来源
| 收益来源 | 实现方式 |
|---|---|
| YT Swap手续费 | 留在池子,增加poolAmounts |
| 存入手续费 | 留在池子 |
| 取出手续费 | 留在池子 |
4.3 与GMX的差异
| 特性 | GMX GLP | YT Pool |
|---|---|---|
| 手续费分配 | 70% LP + 30% GMX质押者 | 100% LP |
| 领取方式 | 手动claim | 自动复利 |
| 质押要求 | 需要质押 | 无需质押 |
| Gas成本 | 需要claim交易 | 零额外成本 |
5. 动态手续费机制
5.1 三重平衡机制
1. 目标权重(tokenWeights)
// 配置示例
totalTokenWeights = 10000
tokenWeights[YT-A] = 4000 // 40%
tokenWeights[YT-B] = 3000 // 30%
tokenWeights[YT-C] = 2000 // 20%
tokenWeights[WUSD] = 1000 // 10%
2. 硬限制(maxUsdyAmounts)
maxUsdyAmounts[YT-A] = 45M USDY
maxUsdyAmounts[YT-B] = 35M USDY
maxUsdyAmounts[YT-C] = 25M USDY
maxUsdyAmounts[WUSD] = 15M USDY
3. 动态手续费
- 改善平衡 → 降低手续费(可至0%)
- 恶化平衡 → 提高手续费(可至0.8%)
5.2 配置参数
| 参数 | 典型值 | 说明 |
|---|---|---|
| swapFeeBasisPoints | 30 | 基础swap手续费0.3% |
| stableSwapFeeBasisPoints | 4 | 稳定币操作0.04% |
| taxBasisPoints | 50 | 动态调整范围0.5% |
| stableTaxBasisPoints | 20 | 稳定币动态调整0.2% |
6. 部署配置
6.1 部署顺序
1. 部署USDY
2. 部署YTLPToken
3. 部署YTPriceFeed
4. 部署YTVault
5. 部署YTPoolManager
6. 部署YTRewardRouter
7. 配置权限和参数
6.2 部署脚本
// 1. 部署基础代币
const usdy = await USDY.deploy(vault.address);
const ytLP = await YTLPToken.deploy();
// 2. 部署核心合约
const priceFeed = await YTPriceFeed.deploy();
const vault = await YTVault.deploy(usdy.address, priceFeed.address);
const poolManager = await YTPoolManager.deploy(
vault.address,
usdy.address,
ytLP.address,
15 * 60 // 15分钟冷却期
);
// 3. 配置权限
await ytLP.setMinter(poolManager.address, true);
await vault.setPoolManager(poolManager.address);
await usdy.addVault(vault.address);
await usdy.addVault(poolManager.address);
// 4. 配置手续费和安全参数
await vault.setSwapFees(30, 4, 50, 20);
await vault.setDynamicFees(true);
await vault.setMaxSwapSlippageBps(1000); // 10%
await vault.setDailySwapLimit(ethers.utils.parseEther("10000000")); // 1000万USDY/天
// 5. 配置价格保护
await priceFeed.setMaxPriceChangeBps(500); // 5%
await priceFeed.setMaxPriceAge(3600); // 1小时
await priceFeed.setCircuitBreakerEnabled(true);
// 6. 添加白名单代币
await vault.setWhitelistedToken(
ytTokenA.address,
18,
4000,
ethers.utils.parseEther("45000000")
);
await vault.setMaxSwapAmount(ytTokenA.address, ethers.utils.parseEther("1000000")); // 单笔100万
await vault.setWhitelistedToken(
ytTokenB.address,
18,
3000,
ethers.utils.parseEther("35000000")
);
await vault.setMaxSwapAmount(ytTokenB.address, ethers.utils.parseEther("1000000"));
await vault.setWhitelistedToken(
ytTokenC.address,
18,
2000,
ethers.utils.parseEther("25000000")
);
await vault.setMaxSwapAmount(ytTokenC.address, ethers.utils.parseEther("1000000"));
await vault.setWhitelistedToken(
"0x7Cd017ca5ddb86861FA983a34b5F495C6F898c41", // WUSD
18,
1000,
ethers.utils.parseEther("15000000")
);
await vault.setMaxSwapAmount("0x7Cd017ca5ddb86861FA983a34b5F495C6F898c41", ethers.utils.parseEther("500000"));
// 7. 初始化价格(首次部署)
await priceFeed.forceUpdatePrice(ytTokenA.address, ethers.utils.parseUnits("1", 30));
await priceFeed.forceUpdatePrice(ytTokenB.address, ethers.utils.parseUnits("1", 30));
await priceFeed.forceUpdatePrice(ytTokenC.address, ethers.utils.parseUnits("1", 30));
// 8. 准备USDY储备金(建议为预期总供应量的10-20%)
const reserveAmount = ethers.utils.parseEther("10000000"); // 1000万USDY储备
await usdy.mint(poolManager.address, reserveAmount);
// 9. 部署Router
const router = await YTRewardRouter.deploy();
await router.initialize(
usdy.address,
ytLP.address,
poolManager.address,
vault.address
);
7. 关键参数配置
7.1 Vault参数
| 参数 | 建议值 | 说明 |
|---|---|---|
| swapFeeBasisPoints | 30 | 基础swap手续费 0.3% |
| stableSwapFeeBasisPoints | 4 | 稳定币操作 0.04% |
| taxBasisPoints | 50 | 动态调整范围 0.5% |
| stableTaxBasisPoints | 20 | 稳定币动态调整 0.2% |
| maxSwapSlippageBps | 1000 | 最大滑点 10% |
| dailySwapLimit | 10M USDY | 每日交易量限制 |
| maxSwapAmount | 1M per token | 单笔交易限额 |
7.2 PriceFeed参数
| 参数 | 建议值 | 说明 |
|---|---|---|
| maxPriceChangeBps | 500 | 最大价格变动 5% |
| maxPriceAge | 1 hour | 价格最大有效期 |
| circuitBreakerEnabled | true | 启用断路器 |
7.3 PoolManager参数
| 参数 | 建议值 | 说明 |
|---|---|---|
| cooldownDuration | 15分钟 | 提现冷却期 |
| usdyReserve | 10-20% of total | USDY储备金比例 |
7.4 YTToken参数
| 参数 | 建议值 | 说明 |
|---|---|---|
| minUpdateInterval | 5-15分钟 | 最小价格更新间隔 |
7.5 代币权重配置
| 代币 | 权重 | 最大USDY债务 | 单笔限额 |
|---|---|---|---|
| YT-A | 4000 (40%) | 45M | 1M |
| YT-B | 3000 (30%) | 35M | 1M |
| YT-C | 2000 (20%) | 25M | 1M |
| WUSD | 1000 (10%) | 15M | 500K |
8. 安全机制
8.1 基础安全
- 冷却期: 15分钟锁定,防止闪电贷攻击
- 滑点保护: 所有操作都有最小输出参数
- 重入保护: nonReentrant修饰符保护所有外部调用
- 权限控制: onlyGov/onlyPoolManager严格访问控制
- 余额验证: tokenBalances精确跟踪防止余额不一致
8.2 价格保护机制
- 价格变动限制: 默认5%,防止价格被快速操纵
- 价格时效性: 最长1小时,防止使用过期价格
- 价格断路器: 异常时自动触发保护
- 价格历史: 记录所有价格变动,便于审计
8.3 交易限制
- 单笔限额: 可配置的单笔交易上限
- 每日限额: 防止大规模资金流动
- 全局滑点: 最大10%滑点保护
- 池子余额: 确保足够流动性
8.4 紧急机制
实现代码:
bool public emergencyMode = false;
bool public isSwapEnabled = true;
function setEmergencyMode(bool _enabled) external onlyGov {
emergencyMode = _enabled;
}
function setSwapEnabled(bool _enabled) external onlyGov {
isSwapEnabled = _enabled;
}
modifier notInEmergency() {
require(!emergencyMode, "YTVault: emergency mode");
_;
}
// 紧急状态下可提取资金
function withdrawToken(address _token, address _receiver, uint256 _amount) external onlyGov {
require(emergencyMode, "YTVault: not in emergency");
IERC20(_token).safeTransfer(_receiver, _amount);
_updateTokenBalance(_token);
}
使用场景:
- 发现安全漏洞时立即暂停
- 价格异常时保护用户资金
- 系统升级维护期间
- 遭受攻击时的应急响应
8.5 多重验证
每个关键操作都经过多重验证:
用户发起交易
↓
1. 检查紧急模式 (notInEmergency)
↓
2. 检查权限 (onlyPoolManager)
↓
3. 检查重入 (nonReentrant)
↓
4. 检查白名单 (whitelistedTokens)
↓
5. 检查交易限额 (maxSwapAmount)
↓
6. 检查价格有效性 (maxPriceAge)
↓
7. 检查价格变动 (maxPriceChangeBps)
↓
8. 检查每日限额 (dailySwapLimit)
↓
9. 检查滑点 (maxSwapSlippageBps)
↓
10. 执行交易
↓
11. 验证余额一致性 (_validatePoolAmount)
9. 接口定义
9.1 核心接口
// YTVault接口
interface IYTVault {
function buyUSDY(address _token, address _receiver) external returns (uint256);
function sellUSDY(address _token, address _receiver) external returns (uint256);
function swap(address _tokenIn, address _tokenOut, address _receiver) external returns (uint256);
function getPoolValue() external view returns (uint256);
function getTargetUsdyAmount(address _token) external view returns (uint256);
}
// YTPoolManager接口
interface IYTPoolManager {
function addLiquidity(address _token, uint256 _amount, uint256 _minUsdy, uint256 _minYtLP) external returns (uint256);
function removeLiquidity(address _tokenOut, uint256 _ytLPAmount, uint256 _minOut, address _receiver) external returns (uint256);
function getAumInUsdy(bool _maximise) external view returns (uint256);
function getPrice(bool _maximise) external view returns (uint256);
}
// YTRewardRouter接口
interface IYTRewardRouter {
function addLiquidity(address _token, uint256 _amount, uint256 _minUsdy, uint256 _minYtLP) external returns (uint256);
function removeLiquidity(address _tokenOut, uint256 _ytLPAmount, uint256 _minOut, address _receiver) external returns (uint256);
function swapYT(address _tokenIn, address _tokenOut, uint256 _amountIn, uint256 _minOut, address _receiver) external returns (uint256);
}
10. 合约列表
| 合约名称 | 文件 | 说明 |
|---|---|---|
| USDY | USDY.sol | 统一计价代币 |
| YTLPToken | YTLPToken.sol | LP代币 |
| YTVault | YTVault.sol | 核心资金池 |
| YTPoolManager | YTPoolManager.sol | 流动性管理 |
| YTRewardRouter | YTRewardRouter.sol | 用户入口 |
| YTPriceFeed | YTPriceFeed.sol | 价格读取器 |
附录
A. 依赖库
{
"dependencies": {
"@openzeppelin/contracts": "^4.9.0"
}
}
B. 参考资源
- GMX源码: https://github.com/gmx-io/gmx-contracts
- GMX文档: https://gmxio.gitbook.io/gmx/
- OpenZeppelin: https://docs.openzeppelin.com/
11. 安全改进总结
11.1 针对GMX V1漏洞的防护
✅ 访问控制严格
- 所有关键函数(
buyUSDY,sellUSDY,swap)都有onlyPoolManager修饰符 - 防止外部直接调用核心函数
- 不存在GMX V1的
increasePosition直接调用漏洞
✅ 价格计算独立
- 价格来自外部YT合约,不在Vault内部维护可被操纵的状态
- 没有"全局空头平均价格"这种易被操纵的内部变量
- AUM计算简单透明:
poolAmounts * price
11.2 关键安全修复
🔴 修复1: _transferIn函数
问题: 原设计中两次余额查询在同一时刻,差值永远为0
修复: 添加tokenBalances映射跟踪上次余额,正确计算转入金额
// 修复前(错误)
uint256 prevBalance = IERC20(_token).balanceOf(address(this));
uint256 nextBalance = IERC20(_token).balanceOf(address(this));
return nextBalance - prevBalance; // 永远为0!
// 修复后(正确)
uint256 prevBalance = tokenBalances[_token];
uint256 nextBalance = IERC20(_token).balanceOf(address(this));
tokenBalances[_token] = nextBalance;
return nextBalance - prevBalance;
🟠 修复2: 价格操纵保护
问题: 外部YT价格可能被操纵 修复:
- 价格变动限制(默认5%)
- 价格时效性检查(最长1小时)
- 断路器机制
- 价格历史记录
// 断路器检查
if (priceDiff > maxDiff) {
emit CircuitBreakerTriggered(_token, oldPrice, _newPrice);
revert("YTPriceFeed: price change too large");
}
🟠 修复3: USDY铸造权限
问题: YTPoolManager可以随意铸造USDY 修复:
- 移除直接铸造权限
- 要求预先储备USDY
- 添加储备金管理函数
- 95%储备金要求作为安全底线
// 不再随意铸造
// IUSDY(usdy).mint(address(this), needed); // 已移除
// 改为检查储备
require(usdyBalance >= usdyAmount * 95 / 100, "insufficient reserve");
🟡 修复4: 全局滑点保护
新增功能:
- 最大滑点限制(默认10%)
- 单笔交易限额
- 每日交易量限制
- 实时滑点计算和验证
function _validateSwapSlippage(...) {
uint256 slippage = (expectedOut - actualOut) * 10000 / expectedOut;
require(slippage <= maxSwapSlippageBps, "slippage too high");
}
🟡 修复5: 紧急暂停机制
新增功能:
emergencyMode布尔标志notInEmergency修饰符应用于所有核心函数- 紧急状态下可提取资金
- 独立的swap开关
isSwapEnabled
11.3 多层防护体系
第一层: 访问控制
├─ onlyPoolManager修饰符
├─ onlyGov管理员控制
└─ notInEmergency紧急保护
第二层: 价格保护
├─ 价格变动限制(5%)
├─ 价格时效性检查(1小时)
├─ 断路器自动触发
└─ 价格历史记录
第三层: 交易限制
├─ 单笔交易限额
├─ 每日交易量限制
├─ 全局滑点保护
└─ 冷却期机制(15分钟)
第四层: 余额验证
├─ tokenBalances精确跟踪
├─ poolAmounts验证
├─ USDY储备金检查
└─ 池子余额一致性验证
第五层: 紧急响应
├─ 紧急模式开关
├─ Swap功能开关
├─ 资金提取功能
└─ 治理控制
11.4 安全最佳实践
- 重入保护: 所有外部调用函数都有
nonReentrant修饰符 - 滑点保护: 所有用户操作都需要
_minOut参数 - 冷却期: 15分钟防闪电贷攻击
- 权限分离: Gov和PoolManager职责明确
- 状态同步: tokenBalances确保余额一致性
- 价格验证: 多重价格检查机制
- 限额控制: 单笔和每日交易限制
- 紧急机制: 多层次的暂停和恢复功能
11.5 与GMX V1的对比
| 安全特性 | GMX V1 | YT Pool (修复后) |
|---|---|---|
| 核心函数访问控制 | ❌ 可被任意调用 | ✅ 严格限制 |
| 价格计算 | ❌ 内部可操纵 | ✅ 外部独立 |
| 价格保护 | ❌ 无 | ✅ 多层保护 |
| 余额跟踪 | ✅ 正确 | ✅ 正确(已修复) |
| 滑点保护 | ⚠️ 基础 | ✅ 全局保护 |
| 紧急机制 | ✅ 有 | ✅ 增强版 |
| 交易限额 | ❌ 无 | ✅ 多重限制 |
| 价格断路器 | ❌ 无 | ✅ 自动触发 |
11.6 部署前检查清单
- 确认所有YT代币实现了
assetPrice()和lastPriceUpdate()接口 - 设置合理的价格更新间隔(建议5-15分钟)
- 配置价格变动限制(建议3-5%)
- 设置单笔交易限额
- 配置每日交易量限制
- 准备足够的USDY储备金
- 测试紧急暂停机制
- 验证所有访问控制权限
- 进行全面的安全审计
- 部署价格监控系统
- 配置多签钱包作为Gov
11.7 运维建议
- 价格监控: 部署自动化系统监控YT代币价格异常
- 储备金管理: 保持足够的USDY储备(建议>总供应量的10%)
- 定期审查: 每周审查交易量、手续费和池子平衡
- 断路器测试: 定期测试紧急暂停功能
- 权限管理: 使用多签钱包管理Gov权限
- 升级计划: 预留升级路径和迁移方案
文档版本: v4.0 (安全增强版)
更新日期: 2025-12-10
适用项目: YT流动性池系统
安全状态: ✅ 已修复所有已知漏洞