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feat: mandatory replace #1169

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@nakul1010 nakul1010 commented Aug 9, 2023

Closes #823 & #1182

The PR adds the following extrinsic


Add Extrinsic: request_replace

Parameters:
origin: old vault
currency_pair: the currency id of the funds
amount: the amount of BTC to replace
new_vault_id: The address of the new Vault involved in this replace request
griefing_currency: The collateral amount provided by the old vault as griefing protection

Postconditions

  • Increase new vault to_be_issued tokens, done by request_issue
  • Increase old vault to_be_redeem tokens, done by request_redeem

Dry Run,
Bob(old vault) wants to replace 5 BTC with Alice(new_vault)

Bob calls request_replace with the amount as 5 BTC he is not replacing the full available lock collateral hence bob can ba fees

  • Alice -> to_be_issued + 5
  • Bob -> to_be_redeem + 4.9 (0.1 as fee - fee calculation is done by get_redeem_fee)

Bob calls execute_redeem

  • Bob -> to_be_redeem - 4.9
  • Bob -> issued - 4.9
  • Alice -> to_be_issued - 5
  • Alice -> issued + 5
  • Mint and distribute 0.1 as a replacement fee

Modify Extrinsic: execute_redeem

Postconditions in the case of is_redeem_a_replace_request gets a trigger

  • Decrease old vault to_be_redeem tokens
  • Decrease old vault issued tokens
  • Decrease new vault to_be_issued tokens
  • Increase new vault issued tokens
  • mint & distribute rewards

Modify Extrinsic: cancel_redeem

Postconditions in case of _cancel_replace_request gets trigger

  • Decrease new vault to_be_issued tokens
  • Decrease old vault to_be_redeem tokens
  • Cancel ReplaceRequest
  • Cancel IssueRequest
  • Punish the old_vault by transferring punishment fee to new_vault

Dry Run,
Bob(old vault) wants to cancel the earlier 5 BTC request_replace call with Alice(new_vault)

Bob calls cancel_redeem with the amount as 5 BTC

  • Alice -> to_be_issued - 5
  • Bob -> to_be_redeem - 4.9

  • The cancel_redeem handles cancel_replace logic
  • The ReplacePeriod is set to RedeemPeriod
  • Removed replace pallet
  • Removed unused fields in Vault struct
  • Update replace pallet runtime test cases
  • If old_vault is fully replacing the fees is set as zero.

Migrations Procedure

  • Use TxPause to filter calls to request_replace.

@nakul1010 nakul1010 added the inProgress The PR is still in progress label Aug 9, 2023
@nakul1010 nakul1010 self-assigned this Aug 9, 2023
@nakul1010 nakul1010 marked this pull request as draft August 9, 2023 07:39
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looks good from a quick glance, just a reminder that we should probably disallow execute_issue for replaces.

Also will be good to see updated tests in https://github.com/interlay/interbtc/blob/master/parachain/runtime/runtime-tests/src/parachain/replace.rs

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@nakul1010 nakul1010 force-pushed the naku/feat_mandatory_replace_request branch from 66151f4 to 93d5b17 Compare August 14, 2023 04:48
…ku/feat_mandatory_replace_request

# Conflicts:
#	parachain/runtime/interlay/src/weights/replace.rs
#	parachain/runtime/kintsugi/src/weights/replace.rs
@nakul1010 nakul1010 added ReviewNeeded The PR can be reviewed by peers and removed inProgress The PR is still in progress labels Aug 14, 2023
@nakul1010 nakul1010 marked this pull request as ready for review August 14, 2023 05:05
@nakul1010 nakul1010 requested review from sander2 and gregdhill August 14, 2023 05:05
@nakul1010 nakul1010 added inProgress The PR is still in progress and removed ReviewNeeded The PR can be reviewed by peers labels Aug 14, 2023
@nakul1010 nakul1010 marked this pull request as draft August 14, 2023 05:13
@nakul1010 nakul1010 force-pushed the naku/feat_mandatory_replace_request branch from 1ab5cbd to b217ece Compare August 15, 2023 13:45
@nakul1010 nakul1010 added ReviewNeeded The PR can be reviewed by peers and removed inProgress The PR is still in progress labels Aug 16, 2023
@nakul1010 nakul1010 marked this pull request as ready for review August 16, 2023 05:18
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@nakul1010 nakul1010 requested a review from sander2 August 17, 2023 11:38
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We'll also need to add benchmarks for some of the additional conditional flows for example in _cancel_issue

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@nakul1010 nakul1010 requested a review from gregdhill August 22, 2023 12:35
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nakul1010 commented Aug 23, 2023

We'll also need to add benchmarks for some of the additional conditional flows for example in _cancel_issue

Have added benchmarking for the following pallet code
Issue Pallet

  • cancel_issue_for_replace path call through cancel_issue ext or cancel_redeem ext

Redeem pallet

  • cancel_replace path call through cancel_redeem ext
  • execute_replace path call through execute_redeem ext
  • request_replace ext

The benchmarking has been redone for the issue and redeem pallet code.

@nakul1010 nakul1010 added inProgress The PR is still in progress and removed ReviewNeeded The PR can be reviewed by peers inProgress The PR is still in progress labels Aug 24, 2023
@nakul1010 nakul1010 added the ReviewNeeded The PR can be reviewed by peers label Aug 29, 2023
@nakul1010 nakul1010 force-pushed the naku/feat_mandatory_replace_request branch from de9b057 to ca767e9 Compare August 29, 2023 07:06
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Comment on lines +530 to +539
// its a replace issue call if requester is vault
let slashed_collateral = if is_replace_request {
// only cancel replace request if issue is expired
ensure!(issue_expired, Error::<T>::TimeNotExpired);
// for replace request griefing collateral is set as zero
issue.griefing_collateral()
} else {
let to_be_slashed_collateral = if issue_expired {
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Suggested change
// its a replace issue call if requester is vault
let slashed_collateral = if is_replace_request {
// only cancel replace request if issue is expired
ensure!(issue_expired, Error::<T>::TimeNotExpired);
// for replace request griefing collateral is set as zero
issue.griefing_collateral()
} else {
let to_be_slashed_collateral = if issue_expired {
// its a replace issue call if requester is vault
let to_be_slashed_collateral = if is_replace_request {
// only cancel replace request if issue is expired
ensure!(issue_expired, Error::<T>::TimeNotExpired);
// for replace request griefing collateral is set as zero
issue.griefing_collateral()
} else if issue_expired {

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I think we can flatten the conditionals right?

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@nakul1010 nakul1010 Aug 31, 2023

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not really, if it's not a replace request to_be_slashed_collateral is also used to call vault-registery methods and decrease to-be-issued tokens which is only require for cancel_issue and not cancel_replace, hence i don't think we can flatten the condition

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@nakul1010 nakul1010 force-pushed the naku/feat_mandatory_replace_request branch from 7bb6766 to 2c37913 Compare August 31, 2023 06:37
@nakul1010 nakul1010 requested a review from gregdhill August 31, 2023 07:24
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Comment on lines 632 to 620
// the inclusion fee is paid by new vault itself hence we can set it as zero
Amount::zero(vault_id.wrapped_currency()),
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This could result in the vault being unable to pay inclusion fees. If we want to be able to fully replace all issued tokens, I guess there's not really a way around this. But we should make it very clear in the UI that the vault is responsible for making sure it can pay these fees @tomjeatt cc @gregdhill

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Comment on lines 445 to -457
fn integration_test_nominated_collateral_prevents_replace_requests() {
test_with_nomination_enabled_and_vault_opted_in(|vault_id| {
assert_nominate_collateral(&vault_id, account_of(USER), default_nomination(&vault_id));
assert_noop!(
RuntimeCall::Replace(ReplaceCall::request_replace {
currency_pair: vault_id.currencies.clone(),
amount: 0,
})
.dispatch(origin_of(vault_id.account_id.clone())),
ReplaceError::VaultHasEnabledNomination
);
});
}
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@gregdhill this test was probably a left-over from when rewards were proportional to issued tokens, right? If so, this test can be removed altogether

@@ -643,7 +628,7 @@ mod spec_based_tests {
test_with(|vault_id| {
set_redeem_period(1000);
let redeem_id = request_redeem(&vault_id);
mine_blocks(12);
mine_blocks(100);
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Is this change required? If so, I'd like to know why

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Revert back for test case integration_test_redeem_expiry_with_period_increase, can't revert back for integration_test_redeem_can_only_be_cancelled_by_redeemer
Reasons

  • cancel_redeem flow changed
  • the old version use to check UnauthorizedRedeemer ensure first, check out here
  • The new version TimeNotExpired ensure needs to pass before UnauthorizedRedeemer as UnauthorizedRedeemer is not required for replace cancel.

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sander2 commented Aug 31, 2023

@gregdhill we have a lot of issues and redeems to migrate, I'm worried we might not have enough capacity in a single block. I've heard stories of chain getting stuck because of overweight migrations. Should we implement a multi-block migration?

@nakul1010 nakul1010 force-pushed the naku/feat_mandatory_replace_request branch from dd0ac31 to 033392b Compare September 1, 2023 05:18
@nakul1010 nakul1010 requested a review from sander2 September 1, 2023 06:18
@gregdhill gregdhill removed the ReviewNeeded The PR can be reviewed by peers label Sep 1, 2023
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sander2 commented Sep 1, 2023

As discussed, we are parking this for now. I just wanted to record one thought I had on this pr: issue and redeem periods are different, we need to make sure that the issue can't get cancelled while the redeem is opened

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Mandatory replace requests
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