Dynamic APY Adjuster for Staking Solidity, JavaScript
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Okay, here's a combined Solidity and JavaScript example illustrating a dynamic APY adjuster for staking. This example prioritizes clarity and basic functionality, and can be extended with more complex features as needed.
**Solidity Contract (DynamicAPYStaking.sol):**
```solidity
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;
contract DynamicAPYStaking {
// State Variables
IERC20 public stakingToken; // The token being staked
IERC20 public rewardToken; // The token being given as rewards
uint256 public totalStaked; // Total amount of tokens staked
uint256 public lastRewardTime; // Last time rewards were distributed
uint256 public apy; // Annual Percentage Yield (APY), stored as a percentage (e.g., 1000 for 10%)
uint256 public rewardDuration; // Duration of each reward distribution period (in seconds)
mapping(address => uint256) public stakedBalances; // Mapping of user addresses to their staked balances
mapping(address => uint256) public lastClaimedTime; // Mapping to track last claim time to prevent reward spam
// Events
event Staked(address indexed user, uint256 amount);
event Unstaked(address indexed user, uint256 amount);
event RewardPaid(address indexed user, uint256 reward);
event APYUpdated(uint256 newAPY);
// Constructor
constructor(address _stakingToken, address _rewardToken, uint256 _apy, uint256 _rewardDuration) {
stakingToken = IERC20(_stakingToken);
rewardToken = IERC20(_rewardToken);
apy = _apy;
rewardDuration = _rewardDuration;
lastRewardTime = block.timestamp;
}
// Stake tokens
function stake(uint256 _amount) external {
require(_amount > 0, "Amount must be greater than zero");
require(stakingToken.balanceOf(msg.sender) >= _amount, "Insufficient balance");
stakingToken.transferFrom(msg.sender, address(this), _amount);
stakedBalances[msg.sender] += _amount;
totalStaked += _amount;
emit Staked(msg.sender, _amount);
}
// Unstake tokens
function unstake(uint256 _amount) external {
require(_amount > 0, "Amount must be greater than zero");
require(stakedBalances[msg.sender] >= _amount, "Insufficient staked balance");
stakedBalances[msg.sender] -= _amount;
totalStaked -= _amount;
stakingToken.transfer(msg.sender, _amount);
emit Unstaked(msg.sender, _amount);
}
// Claim rewards
function claimRewards() external {
require(block.timestamp >= lastClaimedTime[msg.sender] + rewardDuration, "Cannot claim rewards yet. Wait until the reward duration is over.");
uint256 reward = calculateRewards(msg.sender);
require(reward > 0, "No rewards to claim");
rewardToken.transfer(msg.sender, reward);
lastRewardTime = block.timestamp;
lastClaimedTime[msg.sender] = block.timestamp;
emit RewardPaid(msg.sender, reward);
}
// Calculate rewards for a user
function calculateRewards(address _user) public view returns (uint256) {
if (totalStaked == 0) {
return 0; // No rewards if no tokens are staked
}
uint256 userStake = stakedBalances[_user];
if (userStake == 0) {
return 0; // No rewards if the user has no staked tokens
}
uint256 secondsSinceLastReward = block.timestamp - lastRewardTime;
if (secondsSinceLastReward == 0) {
return 0;
}
uint256 rewardPerSecond = (apy * rewardToken.balanceOf(address(this))) / (10000 * 365 days); // Distribute based on APY
uint256 reward = (userStake * rewardPerSecond * secondsSinceLastReward) / totalStaked;
return reward;
}
// Update APY (Only owner can call)
function updateAPY(uint256 _newAPY) external onlyOwner {
apy = _newAPY;
emit APYUpdated(_newAPY);
}
// Helper function to check if the caller is the owner
modifier onlyOwner() {
require(msg.sender == owner(), "Only owner can call this function");
_;
}
// Function to return the owner of the contract
function owner() public view returns (address) {
// Implementation to determine the contract owner
// You can use the address that deployed the contract or
// set an owner variable in the constructor.
return msg.sender; // Placeholder: The deployer is the owner
}
}
// Minimal IERC20 interface (for demonstration purposes)
interface IERC20 {
function totalSupply() external view returns (uint256);
function balanceOf(address account) external view returns (uint256);
function transfer(address recipient, uint256 amount) external returns (bool);
function allowance(address owner, address spender) external view returns (uint256);
function approve(address spender, uint256 amount) external returns (bool);
function transferFrom(address sender, address recipient, uint256 amount) external returns (bool);
event Transfer(address indexed from, address indexed to, uint256 value);
event Approval(address indexed owner, address indexed spender, uint256 value);
}
```
**Explanation of Solidity Code:**
1. **`pragma solidity ^0.8.0;`**: Specifies the Solidity compiler version.
2. **`contract DynamicAPYStaking`**: Defines the contract.
3. **State Variables:**
* `stakingToken`: Address of the ERC20 token that users stake. Uses the `IERC20` interface to interact with it.
* `rewardToken`: Address of the ERC20 token distributed as rewards.
* `totalStaked`: Total number of staking tokens currently staked.
* `apy`: Annual Percentage Yield, stored as a whole number representing the percentage (e.g., 1000 means 10%).
* `rewardDuration`: Minimum time interval between reward claims.
* `stakedBalances`: A mapping to store each user's staked balance.
* `lastClaimedTime`: A mapping to track last claim time to prevent reward spam.
4. **Events:** Solidity events are used to log activity on the blockchain. These events help external applications (like your JavaScript frontend) track what's happening within the contract.
5. **`constructor(...)`**: The constructor is executed only once when the contract is deployed. It initializes the contract's state variables. Note that `_apy` and `_rewardDuration` are passed as arguments during deployment.
6. **`stake(uint256 _amount)`**: Allows a user to stake tokens. It:
* Requires that the staking amount is greater than 0.
* Checks if the user has enough tokens.
* Transfers the tokens from the user to the contract using `transferFrom`.
* Updates `stakedBalances` and `totalStaked`.
* Emits a `Staked` event.
7. **`unstake(uint256 _amount)`**: Allows a user to unstake tokens. It:
* Requires that the unstaking amount is greater than 0.
* Checks if the user has enough staked tokens.
* Updates `stakedBalances` and `totalStaked`.
* Transfers the tokens from the contract to the user.
* Emits an `Unstaked` event.
8. **`claimRewards()`**: Allows a user to claim their accumulated rewards. It:
* Calculates the amount of rewards using `calculateRewards`.
* Transfers the reward tokens from the contract to the user.
* Emits a `RewardPaid` event.
9. **`calculateRewards(address _user)`**: Calculates the rewards for a given user based on their stake, the total stake, the APY, and the time elapsed since the last reward calculation.
* Returns 0 if the amount of `totalStaked` is zero.
* Returns 0 if the `userStake` is zero.
* Calculate amount of `rewardPerSecond`.
* Returns the calculated `reward`.
10. **`updateAPY(uint256 _newAPY)`**: Allows the contract owner to update the APY. It emits an `APYUpdated` event.
11. **`ownerOnly` modifier:** This modifier restricts access to certain functions (like `updateAPY`) to only the contract owner.
12. **`owner()`**: Returns the address of the contract owner (the address that deployed the contract).
13. **`IERC20` interface:** A minimal interface for ERC20 tokens. It defines the functions the contract needs to interact with ERC20 tokens.
**JavaScript Example (Node.js with ethers.js):**
```javascript
const { ethers } = require("ethers");
const fs = require("fs");
// Load the contract ABI and bytecode from the compiled Solidity output
const contractJson = JSON.parse(fs.readFileSync("DynamicAPYStaking.json", "utf8")); // Replace with your actual JSON file name
const abi = contractJson.abi;
const bytecode = contractJson.bytecode;
// Replace with your Ethereum provider URL and private key
const provider = new ethers.providers.JsonRpcProvider("http://localhost:8545"); // Example: Ganache
const privateKey = "0x..."; // Your private key
const wallet = new ethers.Wallet(privateKey, provider);
// Addresses of your staking and reward tokens (replace with actual addresses)
const stakingTokenAddress = "0x...";
const rewardTokenAddress = "0x...";
async function main() {
// 1. Deploy the Contract
const factory = new ethers.ContractFactory(abi, bytecode, wallet);
const contract = await factory.deploy(stakingTokenAddress, rewardTokenAddress, 1000, 86400); // Initial APY = 10%, Reward duration = 1 day
await contract.deployed();
console.log("Contract deployed to:", contract.address);
// 2. Example Interaction (after deployment)
// Get current APY
const currentAPY = await contract.apy();
console.log("Current APY:", currentAPY.toString());
// Update the APY
const tx = await contract.updateAPY(1500); // Update to 15%
await tx.wait();
const newAPY = await contract.apy();
console.log("New APY:", newAPY.toString());
// Example stake
// Assuming staking token is deployed and some balance is sent to the wallet address
// Connect to the staking token contract
const stakingToken = new ethers.Contract(stakingTokenAddress, IERC20.abi, wallet);
// Approve the staking contract to spend the tokens
const approveTx = await stakingToken.approve(contract.address, ethers.utils.parseEther("100")); // Approve 100 tokens
await approveTx.wait();
// Stake some tokens
const stakeTx = await contract.stake(ethers.utils.parseEther("10")); // Stake 10 tokens
await stakeTx.wait();
console.log("Staked 10 tokens");
// Get balance of address
const balanceOfAddress = await contract.stakedBalances(wallet.address);
console.log("Balance of address: ", balanceOfAddress.toString());
}
const IERC20 = {
abi: [
"function approve(address spender, uint256 amount) external returns (bool)",
"function totalSupply() external view returns (uint256)",
"function balanceOf(address account) external view returns (uint256)",
"function transfer(address recipient, uint256 amount) external returns (bool)",
"function allowance(address owner, address spender) external view returns (uint256)",
"function transferFrom(address sender, address recipient, uint256 amount) external returns (bool)",
],
};
main().catch((error) => {
console.error(error);
process.exit(1);
});
```
**Explanation of JavaScript Code:**
1. **Dependencies:** Requires `ethers.js` and `fs` (for reading files). Make sure to install `ethers`: `npm install ethers`.
2. **Import `ethers`:** Imports the necessary `ethers` library.
3. **Load Contract ABI and Bytecode:** Reads the compiled contract ABI and bytecode from a JSON file. *Important:* You'll need to compile your Solidity contract using a Solidity compiler (like Remix or Hardhat) and save the output as a JSON file. The JSON file contains the ABI (Application Binary Interface) and the bytecode needed to deploy and interact with the contract. Update the filename (`DynamicAPYStaking.json`) to match your actual file.
4. **Provider and Wallet:**
* `provider`: Connects to an Ethereum node (e.g., Ganache, Hardhat Network, Infura, Alchemy). The example uses `http://localhost:8545`, which is the default for Ganache. Change this if you're using a different provider.
* `privateKey`: Your Ethereum account's private key. *Never* commit your private key to a public repository. Use environment variables or secure key management in a real application.
* `wallet`: Creates an `ethers.Wallet` instance, which represents your Ethereum account and is used to sign transactions.
5. **Token Addresses:** Replace placeholders with the actual deployed addresses of your staking and reward tokens. You need to deploy these tokens separately before deploying the staking contract.
6. **`main()` function:** The main asynchronous function that orchestrates the contract deployment and interaction.
7. **Deploy Contract:**
* `factory`: Creates a `ContractFactory` instance, which is used to deploy the contract.
* `contract = await factory.deploy(...)`: Deploys the contract using the constructor arguments.
* `await contract.deployed()`: Waits for the contract to be successfully deployed.
* `console.log(...)`: Logs the contract address.
8. **Example Interaction:** Shows basic interactions with the contract:
* `contract.apy()`: Calls the `apy()` function on the contract to get the current APY.
* `contract.updateAPY(1500)`: Calls the `updateAPY()` function to change the APY to 15%.
* Approve staking token from staking contract.
* Stake some tokens.
* Check the staked balance.
**To Run This Example:**
1. **Install Dependencies:** `npm install ethers`
2. **Compile Solidity:** Use a Solidity compiler (Remix, Hardhat, Truffle) to compile `DynamicAPYStaking.sol`. Save the output (ABI and bytecode) as `DynamicAPYStaking.json` (or whatever name you choose).
3. **Deploy Tokens:** Deploy ERC20 tokens for the `stakingToken` and `rewardToken`. Get their deployed addresses. (You can use OpenZeppelin's ERC20 contracts for testing.)
4. **Update Addresses:** Replace the placeholder addresses in the JavaScript code with the actual addresses of your deployed tokens and the private key with your actual private key.
5. **Run the Script:** `node your-script-name.js`
**Important Considerations and Improvements:**
* **Security:** This is a simplified example for educational purposes. In a real-world staking contract, you'd need to address several security considerations:
* **Re-entrancy:** Protect against re-entrancy attacks, especially in the `claimRewards` function. Consider using a `nonReentrant` modifier (from OpenZeppelin's `ReentrancyGuard`).
* **Overflow/Underflow:** Use SafeMath or Solidity 0.8.0+ (which has built-in overflow/underflow protection).
* **Front-running:** Consider mechanisms to prevent front-running when updating the APY.
* **Access Control:** Implement robust access control for sensitive functions like `updateAPY`. Use Ownable from OpenZeppelin.
* **APY Calculation:** The APY calculation is simple in this example. You might want to implement more sophisticated APY adjustment logic based on factors like total staked tokens, time, and external data feeds.
* **Reward Distribution:** The current reward distribution mechanism distributes rewards equally based on stake. You could implement different reward tiers or strategies.
* **UI Integration:** You'll need to create a user interface (using React, Vue.js, or similar) to allow users to interact with the contract, stake tokens, claim rewards, and view their balances.
* **Gas Optimization:** Solidity code can be optimized to reduce gas costs.
* **Error Handling:** Implement more comprehensive error handling and logging.
* **Testing:** Write thorough unit tests to ensure the contract functions correctly.
* **Oracles:** If you want to base the APY on external data, you'll need to integrate with an oracle (e.g., Chainlink) to fetch that data securely.
* **Governance:** For more decentralized control, you could integrate a governance mechanism (e.g., using a DAO) to allow token holders to vote on APY updates.
This example provides a foundational understanding of how to implement a dynamic APY adjuster in a staking contract. Remember to prioritize security, thorough testing, and user-friendliness when developing real-world blockchain applications. Always do your own research and consult with experienced Solidity developers before deploying code to a production environment.
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