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NounsDAOLogicV1.sol
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NounsDAOLogicV1.sol
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// SPDX-License-Identifier: BSD-3-Clause
/// @title The Nouns DAO logic version 1
/*********************************
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*********************************/
// LICENSE
// NounsDAOLogicV1.sol is a modified version of Compound Lab's GovernorBravoDelegate.sol:
// https://github.com/compound-finance/compound-protocol/blob/b9b14038612d846b83f8a009a82c38974ff2dcfe/contracts/Governance/GovernorBravoDelegate.sol
//
// GovernorBravoDelegate.sol source code Copyright 2020 Compound Labs, Inc. licensed under the BSD-3-Clause license.
// With modifications by Nounders DAO.
//
// Additional conditions of BSD-3-Clause can be found here: https://opensource.org/licenses/BSD-3-Clause
//
// MODIFICATIONS
// NounsDAOLogicV1 adds:
// - Proposal Threshold basis points instead of fixed number
// due to the Noun token's increasing supply
//
// - Quorum Votes basis points instead of fixed number
// due to the Noun token's increasing supply
//
// - Per proposal storing of fixed `proposalThreshold`
// and `quorumVotes` calculated using the Noun token's total supply
// at the block the proposal was created and the basis point parameters
//
// - `ProposalCreatedWithRequirements` event that emits `ProposalCreated` parameters with
// the addition of `proposalThreshold` and `quorumVotes`
//
// - Votes are counted from the block a proposal is created instead of
// the proposal's voting start block to align with the parameters
// stored with the proposal
//
// - Veto ability which allows `veteor` to halt any proposal at any stage unless
// the proposal is executed.
// The `veto(uint proposalId)` logic is a modified version of `cancel(uint proposalId)`
// A `vetoed` flag was added to the `Proposal` struct to support this.
//
// NounsDAOLogicV1 removes:
// - `initialProposalId` and `_initiate()` due to this being the
// first instance of the governance contract unlike
// GovernorBravo which upgrades GovernorAlpha
//
// - Value passed along using `timelock.executeTransaction{value: proposal.value}`
// in `execute(uint proposalId)`. This contract should not hold funds and does not
// implement `receive()` or `fallback()` functions.
//
pragma solidity ^0.8.6;
import './NounsDAOInterfaces.sol';
contract NounsDAOLogicV1 is NounsDAOStorageV1, NounsDAOEvents {
/// @notice The name of this contract
string public constant name = 'Nouns DAO';
/// @notice The minimum setable proposal threshold
uint256 public constant MIN_PROPOSAL_THRESHOLD_BPS = 1; // 1 basis point or 0.01%
/// @notice The maximum setable proposal threshold
uint256 public constant MAX_PROPOSAL_THRESHOLD_BPS = 1_000; // 1,000 basis points or 10%
/// @notice The minimum setable voting period
uint256 public constant MIN_VOTING_PERIOD = 5_760; // About 24 hours
/// @notice The max setable voting period
uint256 public constant MAX_VOTING_PERIOD = 80_640; // About 2 weeks
/// @notice The min setable voting delay
uint256 public constant MIN_VOTING_DELAY = 1;
/// @notice The max setable voting delay
uint256 public constant MAX_VOTING_DELAY = 40_320; // About 1 week
/// @notice The minimum setable quorum votes basis points
uint256 public constant MIN_QUORUM_VOTES_BPS = 200; // 200 basis points or 2%
/// @notice The maximum setable quorum votes basis points
uint256 public constant MAX_QUORUM_VOTES_BPS = 2_000; // 2,000 basis points or 20%
/// @notice The maximum number of actions that can be included in a proposal
uint256 public constant proposalMaxOperations = 10; // 10 actions
/// @notice The EIP-712 typehash for the contract's domain
bytes32 public constant DOMAIN_TYPEHASH =
keccak256('EIP712Domain(string name,uint256 chainId,address verifyingContract)');
/// @notice The EIP-712 typehash for the ballot struct used by the contract
bytes32 public constant BALLOT_TYPEHASH = keccak256('Ballot(uint256 proposalId,uint8 support)');
/**
* @notice Used to initialize the contract during delegator contructor
* @param timelock_ The address of the NounsDAOExecutor
* @param nouns_ The address of the NOUN tokens
* @param vetoer_ The address allowed to unilaterally veto proposals
* @param votingPeriod_ The initial voting period
* @param votingDelay_ The initial voting delay
* @param proposalThresholdBPS_ The initial proposal threshold in basis points
* * @param quorumVotesBPS_ The initial quorum votes threshold in basis points
*/
function initialize(
address timelock_,
address nouns_,
address vetoer_,
uint256 votingPeriod_,
uint256 votingDelay_,
uint256 proposalThresholdBPS_,
uint256 quorumVotesBPS_
) public virtual {
require(address(timelock) == address(0), 'NounsDAO::initialize: can only initialize once');
require(msg.sender == admin, 'NounsDAO::initialize: admin only');
require(timelock_ != address(0), 'NounsDAO::initialize: invalid timelock address');
require(nouns_ != address(0), 'NounsDAO::initialize: invalid nouns address');
require(
votingPeriod_ >= MIN_VOTING_PERIOD && votingPeriod_ <= MAX_VOTING_PERIOD,
'NounsDAO::initialize: invalid voting period'
);
require(
votingDelay_ >= MIN_VOTING_DELAY && votingDelay_ <= MAX_VOTING_DELAY,
'NounsDAO::initialize: invalid voting delay'
);
require(
proposalThresholdBPS_ >= MIN_PROPOSAL_THRESHOLD_BPS && proposalThresholdBPS_ <= MAX_PROPOSAL_THRESHOLD_BPS,
'NounsDAO::initialize: invalid proposal threshold'
);
require(
quorumVotesBPS_ >= MIN_QUORUM_VOTES_BPS && quorumVotesBPS_ <= MAX_QUORUM_VOTES_BPS,
'NounsDAO::initialize: invalid proposal threshold'
);
emit VotingPeriodSet(votingPeriod, votingPeriod_);
emit VotingDelaySet(votingDelay, votingDelay_);
emit ProposalThresholdBPSSet(proposalThresholdBPS, proposalThresholdBPS_);
emit QuorumVotesBPSSet(quorumVotesBPS, quorumVotesBPS_);
timelock = INounsDAOExecutor(timelock_);
nouns = NounsTokenLike(nouns_);
vetoer = vetoer_;
votingPeriod = votingPeriod_;
votingDelay = votingDelay_;
proposalThresholdBPS = proposalThresholdBPS_;
quorumVotesBPS = quorumVotesBPS_;
}
struct ProposalTemp {
uint256 totalSupply;
uint256 proposalThreshold;
uint256 latestProposalId;
uint256 startBlock;
uint256 endBlock;
}
/**
* @notice Function used to propose a new proposal. Sender must have delegates above the proposal threshold
* @param targets Target addresses for proposal calls
* @param values Eth values for proposal calls
* @param signatures Function signatures for proposal calls
* @param calldatas Calldatas for proposal calls
* @param description String description of the proposal
* @return Proposal id of new proposal
*/
function propose(
address[] memory targets,
uint256[] memory values,
string[] memory signatures,
bytes[] memory calldatas,
string memory description
) public returns (uint256) {
ProposalTemp memory temp;
temp.totalSupply = nouns.totalSupply();
temp.proposalThreshold = bps2Uint(proposalThresholdBPS, temp.totalSupply);
require(
nouns.getPriorVotes(msg.sender, block.number - 1) > temp.proposalThreshold,
'NounsDAO::propose: proposer votes below proposal threshold'
);
require(
targets.length == values.length &&
targets.length == signatures.length &&
targets.length == calldatas.length,
'NounsDAO::propose: proposal function information arity mismatch'
);
require(targets.length != 0, 'NounsDAO::propose: must provide actions');
require(targets.length <= proposalMaxOperations, 'NounsDAO::propose: too many actions');
temp.latestProposalId = latestProposalIds[msg.sender];
if (temp.latestProposalId != 0) {
ProposalState proposersLatestProposalState = state(temp.latestProposalId);
require(
proposersLatestProposalState != ProposalState.Active,
'NounsDAO::propose: one live proposal per proposer, found an already active proposal'
);
require(
proposersLatestProposalState != ProposalState.Pending,
'NounsDAO::propose: one live proposal per proposer, found an already pending proposal'
);
}
temp.startBlock = block.number + votingDelay;
temp.endBlock = temp.startBlock + votingPeriod;
proposalCount++;
Proposal storage newProposal = proposals[proposalCount];
newProposal.id = proposalCount;
newProposal.proposer = msg.sender;
newProposal.proposalThreshold = temp.proposalThreshold;
newProposal.quorumVotes = bps2Uint(quorumVotesBPS, temp.totalSupply);
newProposal.eta = 0;
newProposal.targets = targets;
newProposal.values = values;
newProposal.signatures = signatures;
newProposal.calldatas = calldatas;
newProposal.startBlock = temp.startBlock;
newProposal.endBlock = temp.endBlock;
newProposal.forVotes = 0;
newProposal.againstVotes = 0;
newProposal.abstainVotes = 0;
newProposal.canceled = false;
newProposal.executed = false;
newProposal.vetoed = false;
latestProposalIds[newProposal.proposer] = newProposal.id;
/// @notice Maintains backwards compatibility with GovernorBravo events
emit ProposalCreated(
newProposal.id,
msg.sender,
targets,
values,
signatures,
calldatas,
newProposal.startBlock,
newProposal.endBlock,
description
);
/// @notice Updated event with `proposalThreshold` and `quorumVotes`
emit ProposalCreatedWithRequirements(
newProposal.id,
msg.sender,
targets,
values,
signatures,
calldatas,
newProposal.startBlock,
newProposal.endBlock,
newProposal.proposalThreshold,
newProposal.quorumVotes,
description
);
return newProposal.id;
}
/**
* @notice Queues a proposal of state succeeded
* @param proposalId The id of the proposal to queue
*/
function queue(uint256 proposalId) external {
require(
state(proposalId) == ProposalState.Succeeded,
'NounsDAO::queue: proposal can only be queued if it is succeeded'
);
Proposal storage proposal = proposals[proposalId];
uint256 eta = block.timestamp + timelock.delay();
for (uint256 i = 0; i < proposal.targets.length; i++) {
queueOrRevertInternal(
proposal.targets[i],
proposal.values[i],
proposal.signatures[i],
proposal.calldatas[i],
eta
);
}
proposal.eta = eta;
emit ProposalQueued(proposalId, eta);
}
function queueOrRevertInternal(
address target,
uint256 value,
string memory signature,
bytes memory data,
uint256 eta
) internal {
require(
!timelock.queuedTransactions(keccak256(abi.encode(target, value, signature, data, eta))),
'NounsDAO::queueOrRevertInternal: identical proposal action already queued at eta'
);
timelock.queueTransaction(target, value, signature, data, eta);
}
/**
* @notice Executes a queued proposal if eta has passed
* @param proposalId The id of the proposal to execute
*/
function execute(uint256 proposalId) external {
require(
state(proposalId) == ProposalState.Queued,
'NounsDAO::execute: proposal can only be executed if it is queued'
);
Proposal storage proposal = proposals[proposalId];
proposal.executed = true;
for (uint256 i = 0; i < proposal.targets.length; i++) {
timelock.executeTransaction(
proposal.targets[i],
proposal.values[i],
proposal.signatures[i],
proposal.calldatas[i],
proposal.eta
);
}
emit ProposalExecuted(proposalId);
}
/**
* @notice Cancels a proposal only if sender is the proposer, or proposer delegates dropped below proposal threshold
* @param proposalId The id of the proposal to cancel
*/
function cancel(uint256 proposalId) external {
require(state(proposalId) != ProposalState.Executed, 'NounsDAO::cancel: cannot cancel executed proposal');
Proposal storage proposal = proposals[proposalId];
require(
msg.sender == proposal.proposer ||
nouns.getPriorVotes(proposal.proposer, block.number - 1) < proposal.proposalThreshold,
'NounsDAO::cancel: proposer above threshold'
);
proposal.canceled = true;
for (uint256 i = 0; i < proposal.targets.length; i++) {
timelock.cancelTransaction(
proposal.targets[i],
proposal.values[i],
proposal.signatures[i],
proposal.calldatas[i],
proposal.eta
);
}
emit ProposalCanceled(proposalId);
}
/**
* @notice Vetoes a proposal only if sender is the vetoer and the proposal has not been executed.
* @param proposalId The id of the proposal to veto
*/
function veto(uint256 proposalId) external {
require(vetoer != address(0), 'NounsDAO::veto: veto power burned');
require(msg.sender == vetoer, 'NounsDAO::veto: only vetoer');
require(state(proposalId) != ProposalState.Executed, 'NounsDAO::veto: cannot veto executed proposal');
Proposal storage proposal = proposals[proposalId];
proposal.vetoed = true;
for (uint256 i = 0; i < proposal.targets.length; i++) {
timelock.cancelTransaction(
proposal.targets[i],
proposal.values[i],
proposal.signatures[i],
proposal.calldatas[i],
proposal.eta
);
}
emit ProposalVetoed(proposalId);
}
/**
* @notice Gets actions of a proposal
* @param proposalId the id of the proposal
* @return targets
* @return values
* @return signatures
* @return calldatas
*/
function getActions(uint256 proposalId)
external
view
returns (
address[] memory targets,
uint256[] memory values,
string[] memory signatures,
bytes[] memory calldatas
)
{
Proposal storage p = proposals[proposalId];
return (p.targets, p.values, p.signatures, p.calldatas);
}
/**
* @notice Gets the receipt for a voter on a given proposal
* @param proposalId the id of proposal
* @param voter The address of the voter
* @return The voting receipt
*/
function getReceipt(uint256 proposalId, address voter) external view returns (Receipt memory) {
return proposals[proposalId].receipts[voter];
}
/**
* @notice Gets the state of a proposal
* @param proposalId The id of the proposal
* @return Proposal state
*/
function state(uint256 proposalId) public view returns (ProposalState) {
require(proposalCount >= proposalId, 'NounsDAO::state: invalid proposal id');
Proposal storage proposal = proposals[proposalId];
if (proposal.vetoed) {
return ProposalState.Vetoed;
} else if (proposal.canceled) {
return ProposalState.Canceled;
} else if (block.number <= proposal.startBlock) {
return ProposalState.Pending;
} else if (block.number <= proposal.endBlock) {
return ProposalState.Active;
} else if (proposal.forVotes <= proposal.againstVotes || proposal.forVotes < proposal.quorumVotes) {
return ProposalState.Defeated;
} else if (proposal.eta == 0) {
return ProposalState.Succeeded;
} else if (proposal.executed) {
return ProposalState.Executed;
} else if (block.timestamp >= proposal.eta + timelock.GRACE_PERIOD()) {
return ProposalState.Expired;
} else {
return ProposalState.Queued;
}
}
/**
* @notice Cast a vote for a proposal
* @param proposalId The id of the proposal to vote on
* @param support The support value for the vote. 0=against, 1=for, 2=abstain
*/
function castVote(uint256 proposalId, uint8 support) external {
emit VoteCast(msg.sender, proposalId, support, castVoteInternal(msg.sender, proposalId, support), '');
}
/**
* @notice Cast a vote for a proposal with a reason
* @param proposalId The id of the proposal to vote on
* @param support The support value for the vote. 0=against, 1=for, 2=abstain
* @param reason The reason given for the vote by the voter
*/
function castVoteWithReason(
uint256 proposalId,
uint8 support,
string calldata reason
) external {
emit VoteCast(msg.sender, proposalId, support, castVoteInternal(msg.sender, proposalId, support), reason);
}
/**
* @notice Cast a vote for a proposal by signature
* @dev External function that accepts EIP-712 signatures for voting on proposals.
*/
function castVoteBySig(
uint256 proposalId,
uint8 support,
uint8 v,
bytes32 r,
bytes32 s
) external {
bytes32 domainSeparator = keccak256(
abi.encode(DOMAIN_TYPEHASH, keccak256(bytes(name)), getChainIdInternal(), address(this))
);
bytes32 structHash = keccak256(abi.encode(BALLOT_TYPEHASH, proposalId, support));
bytes32 digest = keccak256(abi.encodePacked('\x19\x01', domainSeparator, structHash));
address signatory = ecrecover(digest, v, r, s);
require(signatory != address(0), 'NounsDAO::castVoteBySig: invalid signature');
emit VoteCast(signatory, proposalId, support, castVoteInternal(signatory, proposalId, support), '');
}
/**
* @notice Internal function that caries out voting logic
* @param voter The voter that is casting their vote
* @param proposalId The id of the proposal to vote on
* @param support The support value for the vote. 0=against, 1=for, 2=abstain
* @return The number of votes cast
*/
function castVoteInternal(
address voter,
uint256 proposalId,
uint8 support
) internal returns (uint96) {
require(state(proposalId) == ProposalState.Active, 'NounsDAO::castVoteInternal: voting is closed');
require(support <= 2, 'NounsDAO::castVoteInternal: invalid vote type');
Proposal storage proposal = proposals[proposalId];
Receipt storage receipt = proposal.receipts[voter];
require(receipt.hasVoted == false, 'NounsDAO::castVoteInternal: voter already voted');
/// @notice: Unlike GovernerBravo, votes are considered from the block the proposal was created in order to normalize quorumVotes and proposalThreshold metrics
uint96 votes = nouns.getPriorVotes(voter, proposal.startBlock - votingDelay);
if (support == 0) {
proposal.againstVotes = proposal.againstVotes + votes;
} else if (support == 1) {
proposal.forVotes = proposal.forVotes + votes;
} else if (support == 2) {
proposal.abstainVotes = proposal.abstainVotes + votes;
}
receipt.hasVoted = true;
receipt.support = support;
receipt.votes = votes;
return votes;
}
/**
* @notice Admin function for setting the voting delay
* @param newVotingDelay new voting delay, in blocks
*/
function _setVotingDelay(uint256 newVotingDelay) external {
require(msg.sender == admin, 'NounsDAO::_setVotingDelay: admin only');
require(
newVotingDelay >= MIN_VOTING_DELAY && newVotingDelay <= MAX_VOTING_DELAY,
'NounsDAO::_setVotingDelay: invalid voting delay'
);
uint256 oldVotingDelay = votingDelay;
votingDelay = newVotingDelay;
emit VotingDelaySet(oldVotingDelay, votingDelay);
}
/**
* @notice Admin function for setting the voting period
* @param newVotingPeriod new voting period, in blocks
*/
function _setVotingPeriod(uint256 newVotingPeriod) external {
require(msg.sender == admin, 'NounsDAO::_setVotingPeriod: admin only');
require(
newVotingPeriod >= MIN_VOTING_PERIOD && newVotingPeriod <= MAX_VOTING_PERIOD,
'NounsDAO::_setVotingPeriod: invalid voting period'
);
uint256 oldVotingPeriod = votingPeriod;
votingPeriod = newVotingPeriod;
emit VotingPeriodSet(oldVotingPeriod, votingPeriod);
}
/**
* @notice Admin function for setting the proposal threshold basis points
* @dev newProposalThresholdBPS must be greater than the hardcoded min
* @param newProposalThresholdBPS new proposal threshold
*/
function _setProposalThresholdBPS(uint256 newProposalThresholdBPS) external {
require(msg.sender == admin, 'NounsDAO::_setProposalThresholdBPS: admin only');
require(
newProposalThresholdBPS >= MIN_PROPOSAL_THRESHOLD_BPS &&
newProposalThresholdBPS <= MAX_PROPOSAL_THRESHOLD_BPS,
'NounsDAO::_setProposalThreshold: invalid proposal threshold'
);
uint256 oldProposalThresholdBPS = proposalThresholdBPS;
proposalThresholdBPS = newProposalThresholdBPS;
emit ProposalThresholdBPSSet(oldProposalThresholdBPS, proposalThresholdBPS);
}
/**
* @notice Admin function for setting the quorum votes basis points
* @dev newQuorumVotesBPS must be greater than the hardcoded min
* @param newQuorumVotesBPS new proposal threshold
*/
function _setQuorumVotesBPS(uint256 newQuorumVotesBPS) external {
require(msg.sender == admin, 'NounsDAO::_setQuorumVotesBPS: admin only');
require(
newQuorumVotesBPS >= MIN_QUORUM_VOTES_BPS && newQuorumVotesBPS <= MAX_QUORUM_VOTES_BPS,
'NounsDAO::_setProposalThreshold: invalid proposal threshold'
);
uint256 oldQuorumVotesBPS = quorumVotesBPS;
quorumVotesBPS = newQuorumVotesBPS;
emit QuorumVotesBPSSet(oldQuorumVotesBPS, quorumVotesBPS);
}
/**
* @notice Begins transfer of admin rights. The newPendingAdmin must call `_acceptAdmin` to finalize the transfer.
* @dev Admin function to begin change of admin. The newPendingAdmin must call `_acceptAdmin` to finalize the transfer.
* @param newPendingAdmin New pending admin.
*/
function _setPendingAdmin(address newPendingAdmin) external {
// Check caller = admin
require(msg.sender == admin, 'NounsDAO::_setPendingAdmin: admin only');
// Save current value, if any, for inclusion in log
address oldPendingAdmin = pendingAdmin;
// Store pendingAdmin with value newPendingAdmin
pendingAdmin = newPendingAdmin;
// Emit NewPendingAdmin(oldPendingAdmin, newPendingAdmin)
emit NewPendingAdmin(oldPendingAdmin, newPendingAdmin);
}
/**
* @notice Accepts transfer of admin rights. msg.sender must be pendingAdmin
* @dev Admin function for pending admin to accept role and update admin
*/
function _acceptAdmin() external {
// Check caller is pendingAdmin and pendingAdmin ≠ address(0)
require(msg.sender == pendingAdmin && msg.sender != address(0), 'NounsDAO::_acceptAdmin: pending admin only');
// Save current values for inclusion in log
address oldAdmin = admin;
address oldPendingAdmin = pendingAdmin;
// Store admin with value pendingAdmin
admin = pendingAdmin;
// Clear the pending value
pendingAdmin = address(0);
emit NewAdmin(oldAdmin, admin);
emit NewPendingAdmin(oldPendingAdmin, pendingAdmin);
}
/**
* @notice Changes vetoer address
* @dev Vetoer function for updating vetoer address
*/
function _setVetoer(address newVetoer) public {
require(msg.sender == vetoer, 'NounsDAO::_setVetoer: vetoer only');
emit NewVetoer(vetoer, newVetoer);
vetoer = newVetoer;
}
/**
* @notice Burns veto priviledges
* @dev Vetoer function destroying veto power forever
*/
function _burnVetoPower() public {
// Check caller is pendingAdmin and pendingAdmin ≠ address(0)
require(msg.sender == vetoer, 'NounsDAO::_burnVetoPower: vetoer only');
_setVetoer(address(0));
}
/**
* @notice Current proposal threshold using Noun Total Supply
* Differs from `GovernerBravo` which uses fixed amount
*/
function proposalThreshold() public view returns (uint256) {
return bps2Uint(proposalThresholdBPS, nouns.totalSupply());
}
/**
* @notice Current quorum votes using Noun Total Supply
* Differs from `GovernerBravo` which uses fixed amount
*/
function quorumVotes() public view returns (uint256) {
return bps2Uint(quorumVotesBPS, nouns.totalSupply());
}
function bps2Uint(uint256 bps, uint256 number) internal pure returns (uint256) {
return (number * bps) / 10000;
}
function getChainIdInternal() internal view returns (uint256) {
uint256 chainId;
assembly {
chainId := chainid()
}
return chainId;
}
}