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Add cdp liquidations by external keeper #750

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merged 2 commits into from
Jan 4, 2021

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@karzak karzak commented Dec 24, 2020

Features:

  • Adds a MsgLiquidate where an external party can cause a liquidation for a risky cdp. If successful, the keeper is rewarded a percentage of the collateral according to KeeperRewardPercentage parameter.
  • Adds a SynchronizeInterestForRiskyCDPs function in the begin blocker that will update fees for the n riskiest cdps in the store (cdps with the lowest collateral:debt ratio). n is set according to the CheckCollateralizationIndexCount parameter. If any CDPs that are touched by SynchronizeInterestForRiskyCDPs go below the required collateralization ratio, they will be liquidated in the begin blocker.

@karzak karzak added the R4R When a PR is ready for review label Dec 24, 2020
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@rhuairahrighairidh rhuairahrighairidh left a comment

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Looks good, only request is to patch a super edge case in paying out liquidation rewards when there's many small deposits. Unlikely to be hit, but it would interfere with the accounting.

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looks good

@karzak karzak merged commit c5b05af into cdp-accumulators Jan 4, 2021
@karzak karzak deleted the kd-update-liquidation-strategy branch January 4, 2021 16:44
karzak added a commit that referenced this pull request Jan 18, 2021
* Add 'InterestFactor' to CDP type (#734)

* update cdp type to include interest factor

* fix build

* Add cdp accumulator methods (#735)

* remame fees to interest

* add accumulate interest method

* add basic test

* add note

* address review comments

* update tests

* Add sync cdp interest method (#737)

* remame fees to interest

* add accumulate interest method

* add basic test

* add note

* address review comments

* update tests

* remove old fee functions

* add method to synchronize cdp interest

* add multi-cdp tests

* add test with many blocks

* add test for interest getter

* address review comments

* calculate time difference then convert to seconds

* fix: update collateral index when syncing interest

* fix: differentiate between case when apy is zero and all fees are being rounded to zero

* fix: round time difference properly

* update cdp genesis state and migrations (#738)

* remame fees to interest

* add accumulate interest method

* add basic test

* add note

* address review comments

* update tests

* remove old fee functions

* add method to synchronize cdp interest

* add multi-cdp tests

* add test with many blocks

* add test for interest getter

* update cdp genesis state and migrations

* address review comments

* calculate time difference then convert to seconds

* fix: update collateral index when syncing interest

* fix: differentiate between case when apy is zero and all fees are being rounded to zero

* fix: simplify add/remove/update collateral index

* update genesis state to include total principal amounts

* update migration

* Delete kava-4-cdp-state-block-500000.json

* Add cdp liquidations by external keeper (#750)

* feat: split liquidations between external keepers and automated begin blocker

* address review comments

* USDX incentive accumulators (#752)

* feat: split liquidations between external keepers and automated begin blocker

* wip: refactor usdx minting incentives to use accumulators/hooks

* wip: refactor usdx minting claim object

* feat: use accumulators/hooks for usdx minting rewards

* fix: get tests passing

* fix: don't create claim objects unless that cdp type is eligable for rewards

* add begin blocker

* update client

* cleanup comments/tests

* update querier

* address review comments

* fix: check for division by zero

* address review comments

* run hook before interest is synced

* Remove savings rate (#764)

* remove savings rate

* remove savings rate from debt param

* update migrations

* address review comments

* Add usdx incentives calculation test (#765)

* add usdx incentive calculation test

* update reward calculation

* add allowable error to test criteria

* Update x/incentive/keeper/rewards_test.go

Co-authored-by: Kevin Davis <karzak@users.noreply.github.com>

* fix: remove old fields from test genesis state

Co-authored-by: Ruaridh <rhuairahrighairidh@users.noreply.github.com>

Co-authored-by: Ruaridh <rhuairahrighairidh@users.noreply.github.com>
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