package tezos-protocol-020-PsParisC

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Source file shared_stake.ml

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(*****************************************************************************)
(*                                                                           *)
(* SPDX-License-Identifier: MIT                                              *)
(* Copyright (c) 2023 Nomadic Labs, <contact@nomadic-labs.com>               *)
(*                                                                           *)
(*****************************************************************************)

type shared = {baker_part : Tez_repr.t; stakers_part : Tez_repr.t}

let share ~adaptive_issuance_global_limit_of_staking_over_baking
    (delegate_parameters : Staking_parameters_repr.t) ~rounding
    ~full_staking_balance amount =
  let open Result_syntax in
  let num, den =
    Full_staking_balance_repr.own_ratio
      ~adaptive_issuance_global_limit_of_staking_over_baking
      ~delegate_limit_of_staking_over_baking_millionth:
        delegate_parameters.limit_of_staking_over_baking_millionth
      full_staking_balance
  in
  let* baker_part =
    let rounding =
      match rounding with `Towards_stakers -> `Down | `Towards_baker -> `Up
    in
    Tez_repr.mul_ratio ~rounding amount ~num ~den
  in
  let* stakers_part = Tez_repr.(amount -? baker_part) in
  return {baker_part; stakers_part}

type reward_distrib = {
  to_baker_from_staking : Tez_repr.t;
  to_baker_from_edge_over_stakers : Tez_repr.t;
  to_stakers : Tez_repr.t;
  to_spendable : Tez_repr.t;
}

(** Compute the reward distribution between frozen and spendable according to:
    - the [full_staking_balance] of the delegate composed of the [own_frozen]
      and [staked_frozen] parts (the delegated part is ignored).
    - the [stake] of the delegate composed of the [frozen] deposits and the
      [weighted_delegated] tokens.
    - the [edge_of_baking_over_staking_billionth] parameter set by the baker in 1_000_000_000th
    - the [rewards] to be distributed

Preconditions:
 - 0 <= [edge_of_baking_over_staking_billionth]  <= 1_000_000_000

Rounding favors:
  - staking over delegation
  - baking over staking

In case the delegate's stake is zero, everything goes to the spendable balance.
*)
let compute_reward_distrib
    ~adaptive_issuance_global_limit_of_staking_over_baking delegate_parameters
    ~full_staking_balance ~stake ~(rewards : Tez_repr.t) =
  let open Result_syntax in
  let ({frozen; weighted_delegated} : Stake_repr.t) = stake in
  let* total_stake = Tez_repr.(frozen +? weighted_delegated) in
  if Tez_repr.(total_stake <= zero) then
    return
      {
        to_spendable = rewards;
        to_baker_from_staking = Tez_repr.zero;
        to_baker_from_edge_over_stakers = Tez_repr.zero;
        to_stakers = Tez_repr.zero;
      }
  else
    let* to_spendable =
      Tez_repr.mul_ratio
        ~rounding:`Down
        rewards
        ~num:(Tez_repr.to_mutez weighted_delegated)
        ~den:(Tez_repr.to_mutez total_stake)
    in
    let* to_frozen = Tez_repr.(rewards -? to_spendable) in
    let* {baker_part; stakers_part} =
      share
        ~adaptive_issuance_global_limit_of_staking_over_baking
        delegate_parameters
        ~rounding:`Towards_baker
        ~full_staking_balance
        to_frozen
    in
    let to_baker_from_staking = baker_part in
    let* to_baker_from_edge_over_stakers =
      Tez_repr.mul_ratio
        ~rounding:`Up
        stakers_part
        ~num:
          (Int64.of_int32
             delegate_parameters.edge_of_baking_over_staking_billionth)
        ~den:1_000_000_000L
    in
    let* to_stakers =
      Tez_repr.(stakers_part -? to_baker_from_edge_over_stakers)
    in
    return
      {
        to_baker_from_staking;
        to_baker_from_edge_over_stakers;
        to_stakers;
        to_spendable;
      }

let share ~rounding ctxt delegate amount =
  let open Lwt_result_syntax in
  let* delegate_parameters =
    Delegate_staking_parameters.of_delegate ctxt delegate
  in
  let* full_staking_balance =
    Stake_storage.get_full_staking_balance ctxt delegate
  in
  Lwt.return
    (share
       ~adaptive_issuance_global_limit_of_staking_over_baking:
         (Constants_storage
          .adaptive_issuance_global_limit_of_staking_over_baking
            ctxt)
       delegate_parameters
       ~rounding
       ~full_staking_balance
       amount)

let compute_reward_distrib ctxt delegate stake rewards =
  let open Lwt_result_syntax in
  let* (delegate_parameters : Staking_parameters_repr.t) =
    Delegate_staking_parameters.of_delegate ctxt delegate
  in
  let* full_staking_balance =
    Stake_storage.get_full_staking_balance ctxt delegate
  in
  Lwt.return
  @@ compute_reward_distrib
       ~adaptive_issuance_global_limit_of_staking_over_baking:
         (Constants_storage
          .adaptive_issuance_global_limit_of_staking_over_baking
            ctxt)
       delegate_parameters
       ~full_staking_balance
       ~stake
       ~rewards

let pay_rewards ctxt ?active_stake ~source ~delegate rewards =
  let open Lwt_result_syntax in
  let* active_stake =
    match active_stake with
    | Some active_stake -> return active_stake
    | None ->
        let*? stake_distrib =
          Raw_context.stake_distribution_for_current_cycle ctxt
        in
        return
          (Option.value
             (Signature.Public_key_hash.Map.find delegate stake_distrib)
             ~default:Stake_repr.zero)
  in
  let* {
         to_baker_from_staking;
         to_baker_from_edge_over_stakers;
         to_stakers;
         to_spendable;
       } =
    compute_reward_distrib ctxt delegate active_stake rewards
  in
  let* ctxt, balance_updates_frozen_rewards_baker =
    Token.transfer
      ctxt
      source
      (`Frozen_deposits (Frozen_staker_repr.baker delegate))
      to_baker_from_staking
  in
  let* ctxt, balance_updates_frozen_rewards_baker_edge =
    Token.transfer
      ctxt
      source
      (`Frozen_deposits (Frozen_staker_repr.baker_edge delegate))
      to_baker_from_edge_over_stakers
  in
  let* ctxt, balance_updates_frozen_rewards_stakers =
    Token.transfer
      ctxt
      source
      (`Frozen_deposits (Frozen_staker_repr.shared_between_stakers ~delegate))
      to_stakers
  in
  let+ ctxt, balance_updates_spendable_rewards =
    Token.transfer
      ctxt
      source
      (`Contract (Contract_repr.Implicit delegate))
      to_spendable
  in
  ( ctxt,
    balance_updates_frozen_rewards_baker
    @ balance_updates_frozen_rewards_baker_edge
    @ balance_updates_frozen_rewards_stakers @ balance_updates_spendable_rewards
  )
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