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f8e0c64
multi debt
nialexsan Feb 27, 2026
921efff
Merge remote-tracking branch 'origin/main' into nialexsan/multi-debt
nialexsan Feb 27, 2026
cfbcd1a
Apply suggestion from @nialexsan
nialexsan Feb 27, 2026
7b1a144
fix refs
nialexsan Feb 27, 2026
c492f20
fix balance
nialexsan Feb 27, 2026
a7f0828
revert MOET collateral restriction
nialexsan Feb 27, 2026
4c9e452
fix test
nialexsan Feb 28, 2026
a916839
fix testing transactions
nialexsan Feb 28, 2026
aa091eb
Merge branch 'main' into nialexsan/multi-debt
nialexsan Feb 28, 2026
2b1ed97
add tests
nialexsan Feb 28, 2026
7187d1e
fix test
nialexsan Feb 28, 2026
1a6b4ec
method names for multi types
nialexsan Mar 2, 2026
093d823
reserve handler
nialexsan Mar 4, 2026
e3dcb84
Apply suggestion from @jordanschalm
nialexsan Mar 4, 2026
8153647
Fix phantom debt/collateral types after exact zero balances
liobrasil Mar 4, 2026
368dbaa
trim tests
nialexsan Mar 4, 2026
a414472
fix test
nialexsan Mar 4, 2026
385387f
Merge branch 'nialexsan/multi-debt' into lionel/fix-phantom-balance-t…
nialexsan Mar 4, 2026
3641469
Merge pull request #199 from onflow/lionel/fix-phantom-balance-types
nialexsan Mar 4, 2026
ebffab0
move around
nialexsan Mar 5, 2026
5d9b84c
address comments
nialexsan Mar 5, 2026
6e95bab
Merge branch 'main' into nialexsan/multi-debt
nialexsan Mar 5, 2026
af6b9d7
fix test
nialexsan Mar 5, 2026
5058488
skip multi collateral tests
nialexsan Mar 5, 2026
9fbd813
skip test
nialexsan Mar 5, 2026
b65f0ff
fix zero balance check
nialexsan Mar 5, 2026
c0713a7
Merge branch 'main' into nialexsan/multi-debt
liobrasil Mar 5, 2026
416a9d2
clean-up
nialexsan Mar 6, 2026
23603b4
simplify handler
nialexsan Mar 6, 2026
ee601c1
tweak handler
nialexsan Mar 6, 2026
08fd6fd
switch tests to use dummy token
nialexsan Mar 6, 2026
8d48045
revert unnecessary changes
nialexsan Mar 7, 2026
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159 changes: 159 additions & 0 deletions cadence/contracts/FlowALPModels.cdc
Original file line number Diff line number Diff line change
Expand Up @@ -2,6 +2,7 @@ import "FungibleToken"
import "DeFiActions"
import "DeFiActionsUtils"
import "MOET"
import "Burner"
import "FlowALPMath"
import "FlowALPInterestRates"
import "FlowALPEvents"
Expand Down Expand Up @@ -244,6 +245,147 @@ access(all) contract FlowALPModels {
}
}

/// TokenReserveHandler
///
/// Interface for handling token reserve operations. Different token types may require
/// different handling for deposits and withdrawals. For MOET: deposits always burn tokens,
/// withdrawals always mint tokens. For other tokens: standard reserve vault operations.
access(all) struct interface TokenReserveHandler {
/// Returns the token type this handler manages
access(all) view fun getTokenType(): Type

/// Checks if reserves need to exist for this token type
/// For MOET: returns false (MOET uses mint/burn, not reserves)
/// For other tokens: checks if reserves exist in the pool state
access(all) view fun hasReserve(
state: &{PoolState}
): Bool

/// Returns the maximum amount that can be withdrawn given the requested amount
/// For MOET: returns requestedAmount (can mint unlimited)
/// For other tokens: returns min(requestedAmount, reserveBalance) or 0 if no reserves
access(all) fun getMaxWithdrawableAmount(
state: auth(EImplementation) &{PoolState},
requestedAmount: UFix64
): UFix64

/// Deposits tokens
/// For MOET: always burns tokens
/// For other tokens: deposits to reserves
access(all) fun deposit(
state: auth(EImplementation) &{PoolState},
from: @{FungibleToken.Vault}
): UFix64

/// Withdraws tokens
/// For MOET: always mints new tokens
/// For other tokens: withdraws from reserves
access(all) fun withdraw(
state: auth(EImplementation) &{PoolState},
amount: UFix64,
minterRef: &MOET.Minter?
): @{FungibleToken.Vault}
}

/// StandardTokenReserveHandler
///
/// Standard implementation of TokenReserveHandler that interacts with reserve vaults
/// for both deposit and withdraw operations.
access(all) struct StandardTokenReserveHandler: TokenReserveHandler {
access(self) let tokenType: Type

init(tokenType: Type) {
self.tokenType = tokenType
}

access(all) view fun getTokenType(): Type {
return self.tokenType
}

access(all) view fun hasReserve(
state: &{PoolState}
): Bool {
return state.hasReserve(self.tokenType)
}

access(all) fun getMaxWithdrawableAmount(
state: auth(EImplementation) &{PoolState},
requestedAmount: UFix64
): UFix64 {
if let reserveVault = state.borrowReserve(self.tokenType) {
let balance = reserveVault.balance
return requestedAmount > balance ? balance : requestedAmount
}
return 0.0
}

access(all) fun deposit(
state: auth(EImplementation) &{PoolState},
from: @{FungibleToken.Vault}
): UFix64 {
let amount = from.balance
let reserveVault = state.borrowOrCreateReserve(self.tokenType)
reserveVault.deposit(from: <-from)
return amount
}

access(all) fun withdraw(
state: auth(EImplementation) &{PoolState},
amount: UFix64,
minterRef: &MOET.Minter?
): @{FungibleToken.Vault} {
let reserveVault = state.borrowOrCreateReserve(self.tokenType)
return <- reserveVault.withdraw(amount: amount)
}
}

/// MoetTokenReserveHandler
///
/// Special implementation of TokenReserveHandler for MOET tokens.
/// - All deposits BURN tokens (reducing supply, never stored in reserves)
/// - All withdrawals MINT new tokens (increasing supply, never from reserves)
access(all) struct MoetTokenReserveHandler: TokenReserveHandler {

access(all) view fun getTokenType(): Type {
return Type<@MOET.Vault>()
}

access(all) view fun hasReserve(
state: &{PoolState}
): Bool {
// MOET doesn't use reserves (always mints/burns)
return true
}

access(all) fun getMaxWithdrawableAmount(
state: auth(EImplementation) &{PoolState},
requestedAmount: UFix64
): UFix64 {
// MOET can mint unlimited amounts
return requestedAmount
}

access(all) fun deposit(
state: auth(EImplementation) &{PoolState},
from: @{FungibleToken.Vault}
): UFix64 {
// Always burn MOET deposits (never store in reserves)
let amount = from.balance
Burner.burn(<-from)
return amount
}

access(all) fun withdraw(
state: auth(EImplementation) &{PoolState},
amount: UFix64,
minterRef: &MOET.Minter?
): @{FungibleToken.Vault} {
// Always mint MOET withdrawals (never withdraw from reserves)
assert(minterRef != nil, message: "MOET Minter reference required for withdrawal")
return <- minterRef!.mintTokens(amount: amount)
}
}

/// Risk parameters for a token used in effective collateral/debt computations.
/// The collateral and borrow factors are fractional values which represent a discount to the "true/market" value of the token.
/// The size of this discount indicates a subjective assessment of risk for the token.
Expand Down Expand Up @@ -1070,6 +1212,10 @@ access(all) contract FlowALPModels {
access(EImplementation) fun increaseDebitBalance(by amount: UFix128)
/// Decreases total debit balance (floored at 0) and recalculates interest rates.
access(EImplementation) fun decreaseDebitBalance(by amount: UFix128)

/// Returns the reserve operations handler for this token type.
/// Different tokens may have different reserve behaviors (e.g., MOET burns on repayment, others use reserves).
access(all) view fun getReserveOperations(): {TokenReserveHandler}
}

/// TokenStateImplv1 is the concrete implementation of TokenState.
Expand Down Expand Up @@ -1141,6 +1287,8 @@ access(all) contract FlowALPModels {
/// - A credit balance greater than or equal to M
/// - A debit balance greater than or equal to M
access(self) var minimumTokenBalancePerPosition: UFix64
/// The reserve operations handler for this token type
access(self) let reserveHandler: {TokenReserveHandler}

init(
tokenType: Type,
Expand Down Expand Up @@ -1169,6 +1317,12 @@ access(all) contract FlowALPModels {
self.depositUsage = {}
self.lastDepositCapacityUpdate = getCurrentBlock().timestamp
self.minimumTokenBalancePerPosition = 1.0
// Initialize reserve handler based on token type
if tokenType == Type<@MOET.Vault>() {
self.reserveHandler = MoetTokenReserveHandler()
} else {
self.reserveHandler = StandardTokenReserveHandler(tokenType: tokenType)
}
}

// --- Getters ---
Expand All @@ -1178,6 +1332,11 @@ access(all) contract FlowALPModels {
return self.tokenType
}

/// Returns the reserve operations handler for this token type.
access(all) view fun getReserveOperations(): {TokenReserveHandler} {
return self.reserveHandler
}

/// Returns the timestamp at which the TokenState was last updated.
access(all) view fun getLastUpdate(): UFix64 {
return self.lastUpdate
Expand Down
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