SystemDebtEngine

https://github.com/Into-the-Fathom/fathom-stablecoin-smart-contracts/blob/master/contracts/main/stablecoin-core/SystemDebtEngine.sol

The SystemDebtEngine contract is responsible for managing the system's surplus and bad debt. It acts as the central financial manager within a FXD system, specifically designed to handle scenarios where debts become unmanageable or when excess funds are accumulated beyond what is required for the system's stability.

Storage Variables

  • bookKeeper: Reference to the IBookKeeper contract, which handles the ledger of all financial operations within the system.

  • surplusBuffer: The minimum amount of surplus (in RAD, 10^45) that should always be maintained in the system to cover unexpected liabilities.

  • live: A flag indicating whether the system is active (1) or has been shut down (0).

Functions

  • withdrawCollateralSurplus(bytes32 _collateralPoolId, address _to, uint256 _amount): Allows the owner to withdraw surplus collateral from a specific collateral pool.

  • withdrawStablecoinSurplus(address _to, uint256 _value): Allows the owner to withdraw surplus stablecoins from the system, provided there is no outstanding bad debt and the withdrawal does not drop the balance below the surplus buffer.

  • setSurplusBuffer(uint256 _data): Sets the minimum surplus buffer required in the system.

  • settleSystemBadDebt(uint256 _value): Allows anyone to settle bad debt using the surplus funds available in the system.

  • cage(): Can be called by the owner or a designated emergency role to shut down the system in case of a significant issue. It settles as much bad debt as possible with available funds during the shutdown.

  • pause(): Pauses all critical functionalities of the contract, preventing state-changing operations.

  • unpause(): Resumes all operations after a pause.

Events

  • LogSetSurplusBuffer(address indexed _caller, uint256 _data): Emitted when the surplus buffer is updated.

  • LogCage(): Emitted when the system is shut down.

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