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| 1 | +// SPDX-License-Identifier: MIT |
| 2 | +pragma solidity ^0.8.27; |
| 3 | + |
| 4 | +import "@api3/contracts/interfaces/IApi3ReaderProxy.sol"; |
| 5 | +import "./interfaces/IPriceCapStableApi3ReaderProxyV1.sol"; |
| 6 | + |
| 7 | +/** |
| 8 | + * @title An immutable proxy contract that provides price capping mechanism. |
| 9 | + * It reads the price from the underlying API3 proxy and if this price exceeds a |
| 10 | + * predefined `priceCap`, this contract will report the `priceCap` instead. |
| 11 | + * This is primarily intended for assets (e.g., stablecoins) where a protocol |
| 12 | + * wants to limit the maximum price it ingests for risk management purposes. |
| 13 | + * @dev The `priceCap` is immutable and set during deployment. |
| 14 | + */ |
| 15 | +contract PriceCapStableApi3ReaderProxyV1 is IPriceCapStableApi3ReaderProxyV1 { |
| 16 | + /// @notice IApi3ReaderProxy contract address |
| 17 | + address public immutable override proxy; |
| 18 | + |
| 19 | + /// @notice The maximum price (inclusive) that this proxy will report. |
| 20 | + int224 public immutable override priceCap; |
| 21 | + |
| 22 | + /// @param proxy_ IApi3ReaderProxy contract address |
| 23 | + /// @param priceCap_ The maximum price value this proxy will report. Must be |
| 24 | + /// a positive value. |
| 25 | + constructor(address proxy_, int224 priceCap_) { |
| 26 | + if (proxy_ == address(0)) { |
| 27 | + revert ZeroProxyAddress(); |
| 28 | + } |
| 29 | + if (priceCap_ <= 0) { |
| 30 | + revert PriceCapMustBePositive(); |
| 31 | + } |
| 32 | + proxy = proxy_; |
| 33 | + priceCap = priceCap_; |
| 34 | + } |
| 35 | + |
| 36 | + /// @notice Reads the latest value and timestamp from the underlying |
| 37 | + /// `IApi3ReaderProxy` and applies the price cap. |
| 38 | + /// @dev If the `baseValue` from the underlying proxy is greater than |
| 39 | + /// `priceCap`, then `priceCap` is returned as the `value`. Otherwise, the |
| 40 | + /// `baseValue` is returned. The timestamp is passed through unmodified. |
| 41 | + /// @return value Value of the underlying proxy, potentially capped |
| 42 | + /// @return timestamp Timestamp from the underlying proxy |
| 43 | + function read() |
| 44 | + public |
| 45 | + view |
| 46 | + override |
| 47 | + returns (int224 value, uint32 timestamp) |
| 48 | + { |
| 49 | + (int224 baseValue, uint32 baseTimestamp) = IApi3ReaderProxy(proxy) |
| 50 | + .read(); |
| 51 | + |
| 52 | + value = baseValue > priceCap ? priceCap : baseValue; |
| 53 | + timestamp = baseTimestamp; |
| 54 | + } |
| 55 | + |
| 56 | + /// @dev AggregatorV2V3Interface users are already responsible with |
| 57 | + /// validating the values that they receive (e.g., revert if the spot price |
| 58 | + /// of an asset is negative). Therefore, this contract omits validation. |
| 59 | + function latestAnswer() external view override returns (int256 value) { |
| 60 | + (value, ) = read(); |
| 61 | + } |
| 62 | + |
| 63 | + /// @dev A Chainlink feed contract returns the block timestamp at which the |
| 64 | + /// feed was last updated. On the other hand, an Api3 feed timestamp |
| 65 | + /// denotes the point in time at which the first-party oracles signed the |
| 66 | + /// data used to do the last update. We find this to be a reasonable |
| 67 | + /// approximation, considering that usually the timestamp is only used to |
| 68 | + /// check if the last update is stale. |
| 69 | + function latestTimestamp() |
| 70 | + external |
| 71 | + view |
| 72 | + override |
| 73 | + returns (uint256 timestamp) |
| 74 | + { |
| 75 | + (, timestamp) = read(); |
| 76 | + } |
| 77 | + |
| 78 | + /// @dev Api3 feeds are updated asynchronously and not in rounds |
| 79 | + function latestRound() external pure override returns (uint256) { |
| 80 | + revert FunctionIsNotSupported(); |
| 81 | + } |
| 82 | + |
| 83 | + /// @dev Functions that use the round ID as an argument are not supported |
| 84 | + function getAnswer(uint256) external pure override returns (int256) { |
| 85 | + revert FunctionIsNotSupported(); |
| 86 | + } |
| 87 | + |
| 88 | + /// @dev Functions that use the round ID as an argument are not supported |
| 89 | + function getTimestamp(uint256) external pure override returns (uint256) { |
| 90 | + revert FunctionIsNotSupported(); |
| 91 | + } |
| 92 | + |
| 93 | + /// @dev Api3 feeds always use 18 decimals |
| 94 | + function decimals() external pure override returns (uint8) { |
| 95 | + return 18; |
| 96 | + } |
| 97 | + |
| 98 | + /// @dev Underlying proxy dApp ID and dAPI name act as the description, and |
| 99 | + /// this is left empty to save gas on contract deployment |
| 100 | + function description() external pure override returns (string memory) { |
| 101 | + return ""; |
| 102 | + } |
| 103 | + |
| 104 | + /// @dev A unique version is chosen to easily check if an unverified |
| 105 | + /// contract that acts as a Chainlink feed is a PriceCapStableApi3ReaderProxyV1 |
| 106 | + function version() external pure override returns (uint256) { |
| 107 | + return 4918; |
| 108 | + } |
| 109 | + |
| 110 | + /// @dev Functions that use the round ID as an argument are not supported |
| 111 | + function getRoundData( |
| 112 | + uint80 |
| 113 | + ) |
| 114 | + external |
| 115 | + pure |
| 116 | + override |
| 117 | + returns (uint80, int256, uint256, uint256, uint80) |
| 118 | + { |
| 119 | + revert FunctionIsNotSupported(); |
| 120 | + } |
| 121 | + |
| 122 | + /// @dev Rounds IDs are returned as `0` as invalid values. |
| 123 | + /// Similar to `latestAnswer()`, we leave the validation of the returned |
| 124 | + /// value to the caller. |
| 125 | + function latestRoundData() |
| 126 | + external |
| 127 | + view |
| 128 | + override |
| 129 | + returns ( |
| 130 | + uint80 roundId, |
| 131 | + int256 answer, |
| 132 | + uint256 startedAt, |
| 133 | + uint256 updatedAt, |
| 134 | + uint80 answeredInRound |
| 135 | + ) |
| 136 | + { |
| 137 | + roundId = answeredInRound = 0; |
| 138 | + (answer, startedAt) = read(); |
| 139 | + updatedAt = startedAt; |
| 140 | + } |
| 141 | +} |
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