// Copyright 2017-2019 Parity Technologies (UK) Ltd. // This file is part of Substrate. // Substrate is free software: you can redistribute it and/or modify // it under the terms of the GNU General Public License as published by // the Free Software Foundation, either version 3 of the License, or // (at your option) any later version. // Substrate is distributed in the hope that it will be useful, // but WITHOUT ANY WARRANTY; without even the implied warranty of // MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the // GNU General Public License for more details. // You should have received a copy of the GNU General Public License // along with Substrate. If not, see . //! # Treasury Module //! //! The Treasury module provides a "pot" of funds that can be managed by stakeholders in the //! system and a structure for making spending proposals from this pot. //! //! - [`treasury::Trait`](./trait.Trait.html) //! - [`Call`](./enum.Call.html) //! //! ## Overview //! //! The Treasury Module itself provides the pot to store funds, and a means for stakeholders to //! propose, approve, and deny expendatures. The chain will need to provide a method (e.g. //! inflation, fees) for collecting funds. //! //! By way of example, the Council could vote to fund the Treasury with a portion of the block //! reward and use the funds to pay developers. //! //! ### Terminology //! //! - **Proposal:** A suggestion to allocate funds from the pot to a beneficiary. //! - **Beneficiary:** An account who will receive the funds from a proposal iff //! the proposal is approved. //! - **Deposit:** Funds that a proposer must lock when making a proposal. The //! deposit will be returned or slashed if the proposal is approved or rejected //! respectively. //! - **Pot:** Unspent funds accumulated by the treasury module. //! //! ### Implementations //! //! The treasury module provides an implementation for the following trait: //! //! - `OnDilution` - When new funds are minted to reward the deployment of other existing funds, //! a corresponding amount of tokens are minted into the treasury so that the tokens being rewarded //! do not represent a higher portion of total supply. For example, in the default substrate node, //! when validators are rewarded new tokens for staking, they do not hold a higher portion of total //! tokens. Rather, tokens are added to the treasury to keep the portion of tokens staked constant. //! //! ## Interface //! //! ### Dispatchable Functions //! //! - `propose_spend` - Make a spending proposal and stake the required deposit. //! - `set_pot` - Set the spendable balance of funds. //! - `configure` - Configure the module's proposal requirements. //! - `reject_proposal` - Reject a proposal, slashing the deposit. //! - `approve_proposal` - Accept the proposal, returning the deposit. //! //! ## GenesisConfig //! //! The Treasury module depends on the [`GenesisConfig`](./struct.GenesisConfig.html). #![cfg_attr(not(feature = "std"), no_std)] #[cfg(feature = "std")] use serde::{Serialize, Deserialize}; use rstd::prelude::*; use support::{decl_module, decl_storage, decl_event, ensure, print}; use support::traits::{ Currency, ExistenceRequirement, Get, Imbalance, OnDilution, OnUnbalanced, ReservableCurrency, WithdrawReason }; use sr_primitives::{Permill, Perbill, ModuleId}; use sr_primitives::traits::{ Zero, EnsureOrigin, StaticLookup, AccountIdConversion, CheckedSub }; use sr_primitives::weights::SimpleDispatchInfo; use codec::{Encode, Decode}; use system::ensure_signed; type BalanceOf = <::Currency as Currency<::AccountId>>::Balance; type PositiveImbalanceOf = <::Currency as Currency<::AccountId>>::PositiveImbalance; type NegativeImbalanceOf = <::Currency as Currency<::AccountId>>::NegativeImbalance; const MODULE_ID: ModuleId = ModuleId(*b"py/trsry"); pub trait Trait: system::Trait { /// The staking balance. type Currency: Currency + ReservableCurrency; /// Origin from which approvals must come. type ApproveOrigin: EnsureOrigin; /// Origin from which rejections must come. type RejectOrigin: EnsureOrigin; /// The overarching event type. type Event: From> + Into<::Event>; /// Handler for the unbalanced increase when minting cash from the "Pot". type MintedForSpending: OnUnbalanced>; /// Handler for the unbalanced decrease when slashing for a rejected proposal. type ProposalRejection: OnUnbalanced>; /// Fraction of a proposal's value that should be bonded in order to place the proposal. /// An accepted proposal gets these back. A rejected proposal does not. type ProposalBond: Get; /// Minimum amount of funds that should be placed in a deposit for making a proposal. type ProposalBondMinimum: Get>; /// Period between successive spends. type SpendPeriod: Get; /// Percentage of spare funds (if any) that are burnt per spend period. type Burn: Get; } type ProposalIndex = u32; decl_module! { pub struct Module for enum Call where origin: T::Origin { /// Fraction of a proposal's value that should be bonded in order to place the proposal. /// An accepted proposal gets these back. A rejected proposal does not. const ProposalBond: Permill = T::ProposalBond::get(); /// Minimum amount of funds that should be placed in a deposit for making a proposal. const ProposalBondMinimum: BalanceOf = T::ProposalBondMinimum::get(); /// Period between successive spends. const SpendPeriod: T::BlockNumber = T::SpendPeriod::get(); /// Percentage of spare funds (if any) that are burnt per spend period. const Burn: Permill = T::Burn::get(); fn deposit_event() = default; /// Put forward a suggestion for spending. A deposit proportional to the value /// is reserved and slashed if the proposal is rejected. It is returned once the /// proposal is awarded. /// /// # /// - O(1). /// - Limited storage reads. /// - One DB change, one extra DB entry. /// # #[weight = SimpleDispatchInfo::FixedNormal(500_000)] fn propose_spend( origin, #[compact] value: BalanceOf, beneficiary: ::Source ) { let proposer = ensure_signed(origin)?; let beneficiary = T::Lookup::lookup(beneficiary)?; let bond = Self::calculate_bond(value); T::Currency::reserve(&proposer, bond) .map_err(|_| "Proposer's balance too low")?; let c = Self::proposal_count(); ProposalCount::put(c + 1); >::insert(c, Proposal { proposer, value, beneficiary, bond }); Self::deposit_event(RawEvent::Proposed(c)); } /// Reject a proposed spend. The original deposit will be slashed. /// /// # /// - O(1). /// - Limited storage reads. /// - One DB clear. /// # #[weight = SimpleDispatchInfo::FixedOperational(100_000)] fn reject_proposal(origin, #[compact] proposal_id: ProposalIndex) { T::RejectOrigin::ensure_origin(origin)?; let proposal = >::take(proposal_id).ok_or("No proposal at that index")?; let value = proposal.bond; let imbalance = T::Currency::slash_reserved(&proposal.proposer, value).0; T::ProposalRejection::on_unbalanced(imbalance); } /// Approve a proposal. At a later time, the proposal will be allocated to the beneficiary /// and the original deposit will be returned. /// /// # /// - O(1). /// - Limited storage reads. /// - One DB change. /// # #[weight = SimpleDispatchInfo::FixedOperational(100_000)] fn approve_proposal(origin, #[compact] proposal_id: ProposalIndex) { T::ApproveOrigin::ensure_origin(origin)?; ensure!(>::exists(proposal_id), "No proposal at that index"); Approvals::mutate(|v| v.push(proposal_id)); } fn on_finalize(n: T::BlockNumber) { // Check to see if we should spend some funds! if (n % T::SpendPeriod::get()).is_zero() { Self::spend_funds(); } } } } /// A spending proposal. #[cfg_attr(feature = "std", derive(Serialize, Deserialize, Debug))] #[derive(Encode, Decode, Clone, PartialEq, Eq)] pub struct Proposal { proposer: AccountId, value: Balance, beneficiary: AccountId, bond: Balance, } decl_storage! { trait Store for Module as Treasury { /// Number of proposals that have been made. ProposalCount get(proposal_count): ProposalIndex; /// Proposals that have been made. Proposals get(proposals): map ProposalIndex => Option>>; /// Proposal indices that have been approved but not yet awarded. Approvals get(approvals): Vec; } } decl_event!( pub enum Event where Balance = BalanceOf, ::AccountId { /// New proposal. Proposed(ProposalIndex), /// We have ended a spend period and will now allocate funds. Spending(Balance), /// Some funds have been allocated. Awarded(ProposalIndex, Balance, AccountId), /// Some of our funds have been burnt. Burnt(Balance), /// Spending has finished; this is the amount that rolls over until next spend. Rollover(Balance), } ); impl Module { // Add public immutables and private mutables. /// The account ID of the treasury pot. /// /// This actually does computation. If you need to keep using it, then make sure you cache the /// value and only call this once. pub fn account_id() -> T::AccountId { MODULE_ID.into_account() } /// The needed bond for a proposal whose spend is `value`. fn calculate_bond(value: BalanceOf) -> BalanceOf { T::ProposalBondMinimum::get().max(T::ProposalBond::get() * value) } // Spend some money! fn spend_funds() { let mut budget_remaining = Self::pot(); Self::deposit_event(RawEvent::Spending(budget_remaining)); let mut missed_any = false; let mut imbalance = >::zero(); Approvals::mutate(|v| { v.retain(|&index| { // Should always be true, but shouldn't panic if false or we're screwed. if let Some(p) = Self::proposals(index) { if p.value <= budget_remaining { budget_remaining -= p.value; >::remove(index); // return their deposit. let _ = T::Currency::unreserve(&p.proposer, p.bond); // provide the allocation. imbalance.subsume(T::Currency::deposit_creating(&p.beneficiary, p.value)); Self::deposit_event(RawEvent::Awarded(index, p.value, p.beneficiary)); false } else { missed_any = true; true } } else { false } }); }); if !missed_any { // burn some proportion of the remaining budget if we run a surplus. let burn = (T::Burn::get() * budget_remaining).min(budget_remaining); budget_remaining -= burn; imbalance.subsume(T::Currency::burn(burn)); Self::deposit_event(RawEvent::Burnt(burn)) } if let Err(problem) = T::Currency::settle( &Self::account_id(), imbalance, WithdrawReason::Transfer, ExistenceRequirement::KeepAlive ) { print("Inconsistent state - couldn't settle imbalance for funds spent by treasury"); // Nothing else to do here. drop(problem); } Self::deposit_event(RawEvent::Rollover(budget_remaining)); } fn pot() -> BalanceOf { T::Currency::free_balance(&Self::account_id()) } } impl OnUnbalanced> for Module { fn on_unbalanced(amount: NegativeImbalanceOf) { T::Currency::resolve_creating(&Self::account_id(), amount); } } impl OnDilution> for Module { fn on_dilution(minted: BalanceOf, portion: BalanceOf) { // Mint extra funds for the treasury to keep the ratio of portion to total_issuance equal // pre dilution and post-dilution. if !minted.is_zero() && !portion.is_zero() { let total_issuance = T::Currency::total_issuance(); if let Some(funding) = total_issuance.checked_sub(&portion) { let increase_ratio = Perbill::from_rational_approximation(minted, portion); let funding = increase_ratio * funding; Self::on_unbalanced(T::Currency::issue(funding)); } } } } #[cfg(test)] mod tests { use super::*; use runtime_io::with_externalities; use support::{assert_noop, assert_ok, impl_outer_origin, parameter_types}; use primitives::{H256, Blake2Hasher}; use sr_primitives::{ traits::{BlakeTwo256, OnFinalize, IdentityLookup}, testing::Header, assert_eq_error_rate, }; impl_outer_origin! { pub enum Origin for Test {} } #[derive(Clone, Eq, PartialEq)] pub struct Test; parameter_types! { pub const BlockHashCount: u64 = 250; pub const MaximumBlockWeight: u32 = 1024; pub const MaximumBlockLength: u32 = 2 * 1024; pub const AvailableBlockRatio: Perbill = Perbill::one(); } impl system::Trait for Test { type Origin = Origin; type Index = u64; type BlockNumber = u64; type Call = (); type Hash = H256; type Hashing = BlakeTwo256; type AccountId = u64; type Lookup = IdentityLookup; type Header = Header; type WeightMultiplierUpdate = (); type Event = (); type BlockHashCount = BlockHashCount; type MaximumBlockWeight = MaximumBlockWeight; type AvailableBlockRatio = AvailableBlockRatio; type MaximumBlockLength = MaximumBlockLength; type Version = (); } parameter_types! { pub const ExistentialDeposit: u64 = 0; pub const TransferFee: u64 = 0; pub const CreationFee: u64 = 0; pub const TransactionBaseFee: u64 = 0; pub const TransactionByteFee: u64 = 0; } impl balances::Trait for Test { type Balance = u64; type OnNewAccount = (); type OnFreeBalanceZero = (); type Event = (); type TransactionPayment = (); type TransferPayment = (); type DustRemoval = (); type ExistentialDeposit = ExistentialDeposit; type TransferFee = TransferFee; type CreationFee = CreationFee; type TransactionBaseFee = TransactionBaseFee; type TransactionByteFee = TransactionByteFee; type WeightToFee = (); } parameter_types! { pub const ProposalBond: Permill = Permill::from_percent(5); pub const ProposalBondMinimum: u64 = 1; pub const SpendPeriod: u64 = 2; pub const Burn: Permill = Permill::from_percent(50); } impl Trait for Test { type Currency = balances::Module; type ApproveOrigin = system::EnsureRoot; type RejectOrigin = system::EnsureRoot; type Event = (); type MintedForSpending = (); type ProposalRejection = (); type ProposalBond = ProposalBond; type ProposalBondMinimum = ProposalBondMinimum; type SpendPeriod = SpendPeriod; type Burn = Burn; } type Balances = balances::Module; type Treasury = Module; fn new_test_ext() -> runtime_io::TestExternalities { let mut t = system::GenesisConfig::default().build_storage::().unwrap(); balances::GenesisConfig::{ balances: vec![(0, 100), (1, 99), (2, 1)], vesting: vec![], }.assimilate_storage(&mut t).unwrap(); t.into() } #[test] fn genesis_config_works() { with_externalities(&mut new_test_ext(), || { assert_eq!(Treasury::pot(), 0); assert_eq!(Treasury::proposal_count(), 0); }); } #[test] fn minting_works() { with_externalities(&mut new_test_ext(), || { // Check that accumulate works when we have Some value in Dummy already. Treasury::on_dilution(100, 100); assert_eq!(Treasury::pot(), 100); }); } #[test] fn minting_works_2() { let tests = [(1, 10), (1, 20), (40, 130), (2, 66), (2, 67), (2, 100), (2, 101), (2, 134)]; for &(minted, portion) in &tests { with_externalities(&mut new_test_ext(), || { let init_total_issuance = Balances::total_issuance(); Treasury::on_dilution(minted, portion); assert_eq!( Treasury::pot(), (((init_total_issuance - portion) * minted) as f32 / portion as f32) .round() as u64 ); // Assert: // portion / init_total_issuance // == (portion + minted) / (init_total_issuance + Treasury::pot() + minted), assert_eq_error_rate!( portion * 1_000 / init_total_issuance, (portion + minted) * 1_000 / (init_total_issuance + Treasury::pot() + minted), 2, ); }); } } #[test] fn spend_proposal_takes_min_deposit() { with_externalities(&mut new_test_ext(), || { assert_ok!(Treasury::propose_spend(Origin::signed(0), 1, 3)); assert_eq!(Balances::free_balance(&0), 99); assert_eq!(Balances::reserved_balance(&0), 1); }); } #[test] fn spend_proposal_takes_proportional_deposit() { with_externalities(&mut new_test_ext(), || { assert_ok!(Treasury::propose_spend(Origin::signed(0), 100, 3)); assert_eq!(Balances::free_balance(&0), 95); assert_eq!(Balances::reserved_balance(&0), 5); }); } #[test] fn spend_proposal_fails_when_proposer_poor() { with_externalities(&mut new_test_ext(), || { assert_noop!(Treasury::propose_spend(Origin::signed(2), 100, 3), "Proposer's balance too low"); }); } #[test] fn accepted_spend_proposal_ignored_outside_spend_period() { with_externalities(&mut new_test_ext(), || { Treasury::on_dilution(100, 100); assert_ok!(Treasury::propose_spend(Origin::signed(0), 100, 3)); assert_ok!(Treasury::approve_proposal(Origin::ROOT, 0)); >::on_finalize(1); assert_eq!(Balances::free_balance(&3), 0); assert_eq!(Treasury::pot(), 100); }); } #[test] fn unused_pot_should_diminish() { with_externalities(&mut new_test_ext(), || { let init_total_issuance = Balances::total_issuance(); Treasury::on_dilution(100, 100); assert_eq!(Balances::total_issuance(), init_total_issuance + 100); >::on_finalize(2); assert_eq!(Treasury::pot(), 50); assert_eq!(Balances::total_issuance(), init_total_issuance + 50); }); } #[test] fn rejected_spend_proposal_ignored_on_spend_period() { with_externalities(&mut new_test_ext(), || { Treasury::on_dilution(100, 100); assert_ok!(Treasury::propose_spend(Origin::signed(0), 100, 3)); assert_ok!(Treasury::reject_proposal(Origin::ROOT, 0)); >::on_finalize(2); assert_eq!(Balances::free_balance(&3), 0); assert_eq!(Treasury::pot(), 50); }); } #[test] fn reject_already_rejected_spend_proposal_fails() { with_externalities(&mut new_test_ext(), || { Treasury::on_dilution(100, 100); assert_ok!(Treasury::propose_spend(Origin::signed(0), 100, 3)); assert_ok!(Treasury::reject_proposal(Origin::ROOT, 0)); assert_noop!(Treasury::reject_proposal(Origin::ROOT, 0), "No proposal at that index"); }); } #[test] fn reject_non_existant_spend_proposal_fails() { with_externalities(&mut new_test_ext(), || { assert_noop!(Treasury::reject_proposal(Origin::ROOT, 0), "No proposal at that index"); }); } #[test] fn accept_non_existant_spend_proposal_fails() { with_externalities(&mut new_test_ext(), || { assert_noop!(Treasury::approve_proposal(Origin::ROOT, 0), "No proposal at that index"); }); } #[test] fn accept_already_rejected_spend_proposal_fails() { with_externalities(&mut new_test_ext(), || { Treasury::on_dilution(100, 100); assert_ok!(Treasury::propose_spend(Origin::signed(0), 100, 3)); assert_ok!(Treasury::reject_proposal(Origin::ROOT, 0)); assert_noop!(Treasury::approve_proposal(Origin::ROOT, 0), "No proposal at that index"); }); } #[test] fn accepted_spend_proposal_enacted_on_spend_period() { with_externalities(&mut new_test_ext(), || { Treasury::on_dilution(100, 100); assert_eq!(Treasury::pot(), 100); assert_ok!(Treasury::propose_spend(Origin::signed(0), 100, 3)); assert_ok!(Treasury::approve_proposal(Origin::ROOT, 0)); >::on_finalize(2); assert_eq!(Balances::free_balance(&3), 100); assert_eq!(Treasury::pot(), 0); }); } #[test] fn pot_underflow_should_not_diminish() { with_externalities(&mut new_test_ext(), || { Treasury::on_dilution(100, 100); assert_ok!(Treasury::propose_spend(Origin::signed(0), 150, 3)); assert_ok!(Treasury::approve_proposal(Origin::ROOT, 0)); >::on_finalize(2); assert_eq!(Treasury::pot(), 100); Treasury::on_dilution(100, 100); >::on_finalize(4); assert_eq!(Balances::free_balance(&3), 150); assert_eq!(Treasury::pot(), 75); }); } }