baseRatePerBlock

multiplierPerBlock

jumpMultiplierPerBlock

kink

NewInterestParams

blocksPerYear

cash

borrows

reserves

getBorrowRate

reserveFactorMantissa

getSupplyRate

isInterestRateModel

owner

baseRatePerYear

multiplierPerYear

jumpMultiplierPerYear

kink_

updateJumpRateModel

utilizationRate

// SPDX-License-Identifier: BSD-3-Clause
pragma solidity ^0.8.10;

import "./InterestRateModel.sol";

/**
  * @title Logic for Compound's JumpRateModel Contract V2.
  * @author Compound (modified by Dharma Labs, refactored by Arr00)
  * @notice Version 2 modifies Version 1 by enabling updateable parameters.
  */
abstract contract BaseJumpRateModelV2 is InterestRateModel {
    event NewInterestParams(uint baseRatePerBlock, uint multiplierPerBlock, uint jumpMultiplierPerBlock, uint kink);

    uint256 private constant BASE = 1e18;

    /**
     * @notice The address of the owner, i.e. the Timelock contract, which can update parameters directly
     */
    address public owner;

    /**
     * @notice The approximate number of blocks per year that is assumed by the interest rate model
     */
    uint public constant blocksPerYear = 2102400;

    /**
     * @notice The multiplier of utilization rate that gives the slope of the interest rate
     */
    uint public multiplierPerBlock;

    /**
     * @notice The base interest rate which is the y-intercept when utilization rate is 0
     */
    uint public baseRatePerBlock;

    /**
     * @notice The multiplierPerBlock after hitting a specified utilization point
     */
    uint public jumpMultiplierPerBlock;

    /**
     * @notice The utilization point at which the jump multiplier is applied
     */
    uint public kink;

    /**
     * @notice Construct an interest rate model
     * @param baseRatePerYear The approximate target base APR, as a mantissa (scaled by BASE)
     * @param multiplierPerYear The rate of increase in interest rate wrt utilization (scaled by BASE)
     * @param jumpMultiplierPerYear The multiplierPerBlock after hitting a specified utilization point
     * @param kink_ The utilization point at which the jump multiplier is applied
     * @param owner_ The address of the owner, i.e. the Timelock contract (which has the ability to update parameters directly)
     */
    constructor(uint baseRatePerYear, uint multiplierPerYear, uint jumpMultiplierPerYear, uint kink_, address owner_) internal {
        owner = owner_;

        updateJumpRateModelInternal(baseRatePerYear,  multiplierPerYear, jumpMultiplierPerYear, kink_);
    }

    /**
     * @notice Update the parameters of the interest rate model (only callable by owner, i.e. Timelock)
     * @param baseRatePerYear The approximate target base APR, as a mantissa (scaled by BASE)
     * @param multiplierPerYear The rate of increase in interest rate wrt utilization (scaled by BASE)
     * @param jumpMultiplierPerYear The multiplierPerBlock after hitting a specified utilization point
     * @param kink_ The utilization point at which the jump multiplier is applied
     */
    function updateJumpRateModel(uint baseRatePerYear, uint multiplierPerYear, uint jumpMultiplierPerYear, uint kink_) virtual external {
        require(msg.sender == owner, "only the owner may call this function.");

        updateJumpRateModelInternal(baseRatePerYear, multiplierPerYear, jumpMultiplierPerYear, kink_);
    }

    /**
     * @notice Calculates the utilization rate of the market: `borrows / (cash + borrows - reserves)`
     * @param cash The amount of cash in the market
     * @param borrows The amount of borrows in the market
     * @param reserves The amount of reserves in the market (currently unused)
     * @return The utilization rate as a mantissa between [0, BASE]
     */
    function utilizationRate(uint cash, uint borrows, uint reserves) public pure returns (uint) {
        // Utilization rate is 0 when there are no borrows
        if (borrows == 0) {
            return 0;
        }

        return borrows * BASE / (cash + borrows - reserves);
    }

    /**
     * @notice Calculates the current borrow rate per block, with the error code expected by the market
     * @param cash The amount of cash in the market
     * @param borrows The amount of borrows in the market
     * @param reserves The amount of reserves in the market
     * @return The borrow rate percentage per block as a mantissa (scaled by BASE)
     */
    function getBorrowRateInternal(uint cash, uint borrows, uint reserves) internal view returns (uint) {
        uint util = utilizationRate(cash, borrows, reserves);

        if (util <= kink) {
            return ((util * multiplierPerBlock) / BASE) + baseRatePerBlock;
        } else {
            uint normalRate = ((kink * multiplierPerBlock) / BASE) + baseRatePerBlock;
            uint excessUtil = util - kink;
            return ((excessUtil * jumpMultiplierPerBlock) / BASE) + normalRate;
        }
    }

    /**
     * @notice Calculates the current supply rate per block
     * @param cash The amount of cash in the market
     * @param borrows The amount of borrows in the market
     * @param reserves The amount of reserves in the market
     * @param reserveFactorMantissa The current reserve factor for the market
     * @return The supply rate percentage per block as a mantissa (scaled by BASE)
     */
    function getSupplyRate(uint cash, uint borrows, uint reserves, uint reserveFactorMantissa) virtual override public view returns (uint) {
        uint oneMinusReserveFactor = BASE - reserveFactorMantissa;
        uint borrowRate = getBorrowRateInternal(cash, borrows, reserves);
        uint rateToPool = borrowRate * oneMinusReserveFactor / BASE;
        return utilizationRate(cash, borrows, reserves) * rateToPool / BASE;
    }

    /**
     * @notice Internal function to update the parameters of the interest rate model
     * @param baseRatePerYear The approximate target base APR, as a mantissa (scaled by BASE)
     * @param multiplierPerYear The rate of increase in interest rate wrt utilization (scaled by BASE)
     * @param jumpMultiplierPerYear The multiplierPerBlock after hitting a specified utilization point
     * @param kink_ The utilization point at which the jump multiplier is applied
     */
    function updateJumpRateModelInternal(uint baseRatePerYear, uint multiplierPerYear, uint jumpMultiplierPerYear, uint kink_) internal {
        baseRatePerBlock = baseRatePerYear / blocksPerYear;
        multiplierPerBlock = (multiplierPerYear * BASE) / (blocksPerYear * kink_);
        jumpMultiplierPerBlock = jumpMultiplierPerYear / blocksPerYear;
        kink = kink_;

        emit NewInterestParams(baseRatePerBlock, multiplierPerBlock, jumpMultiplierPerBlock, kink);
    }
}


This contract is an interest rate model that calculates the borrow and supply rates for a lending market based on utilization rate. It allows the owner to update the interest rate parameters.

BaseJumpRateModelV2

Logic for Compound's JumpRateModel Contract V2.

AcceptAdminPendingAdminCheck

actualAddAmount

AddReservesFactorFreshCheck

BorrowCashNotAvailable

errorCode

BorrowComptrollerRejection

BorrowFreshnessCheck

LiquidateAccrueBorrowInterestFailed

LiquidateAccrueCollateralInterestFailed

LiquidateCloseAmountIsUintMax

LiquidateCloseAmountIsZero

LiquidateCollateralFreshnessCheck

LiquidateComptrollerRejection

LiquidateFreshnessCheck

LiquidateLiquidatorIsBorrower

LiquidateRepayBorrowFreshFailed

LiquidateSeizeComptrollerRejection

LiquidateSeizeLiquidatorIsBorrower

MintComptrollerRejection

MintFreshnessCheck

RedeemComptrollerRejection

RedeemFreshnessCheck

RedeemTransferOutNotPossible

ReduceReservesAdminCheck

ReduceReservesCashNotAvailable

ReduceReservesCashValidation

ReduceReservesFreshCheck

RepayBorrowComptrollerRejection

RepayBorrowFreshnessCheck

SetComptrollerOwnerCheck

SetInterestRateModelFreshCheck

SetInterestRateModelOwnerCheck

SetPendingAdminOwnerCheck

SetReserveFactorAdminCheck

SetReserveFactorBoundsCheck

SetReserveFactorFreshCheck

TransferComptrollerRejection

TransferNotAllowed

TransferNotEnough

TransferTooMuch

cashPrior

interestAccumulated

borrowIndex

totalBorrows

AccrueInterest

spender

amount

Approval

borrower

borrowAmount

accountBorrows

Borrow

liquidator

repayAmount

cTokenCollateral

seizeTokens

LiquidateBorrow

minter

mintAmount

mintTokens

Mint

oldAdmin

newAdmin

NewAdmin

oldComptroller

newComptroller

NewComptroller

oldInterestRateModel

newInterestRateModel

NewMarketInterestRateModel

oldPendingAdmin

newPendingAdmin

NewPendingAdmin

oldReserveFactorMantissa

newReserveFactorMantissa

NewReserveFactor

redeemer

redeemAmount

redeemTokens

Redeem

payer

RepayBorrow

benefactor

addAmount

newTotalReserves

ReservesAdded

admin

reduceAmount

ReservesReduced

from

Transfer

NO_ERROR

_acceptAdmin

_addReserves

data

_becomeImplementation

compLikeDelegatee

_delegateCompLikeTo

_reduceReserves

_resignImplementation

_setComptroller

_setInterestRateModel

_setPendingAdmin

_setReserveFactor

accrualBlockNumber

accrueInterest

allowance

approve

balanceOf

balanceOfUnderlying

borrow

account

borrowBalanceCurrent

borrowBalanceStored

borrowRatePerBlock

comptroller

daiJoinAddress

decimals

exchangeRateCurrent

exchangeRateStored

getAccountSnapshot

getCash

implementation

underlying_

comptroller_

interestRateModel_

initialExchangeRateMantissa_

name_

symbol_

decimals_

initialize

interestRateModel

isCToken

liquidateBorrow

mint

name

pendingAdmin

potAddress

protocolSeizeShareMantissa

redeem

redeemUnderlying

repayBorrow

repayBorrowBehalf

seize

// SPDX-License-Identifier: BSD-3-Clause
pragma solidity ^0.8.10;

import "./CErc20Delegate.sol";

/**
 * @title Compound's CDai Contract
 * @notice CToken which wraps Multi-Collateral DAI
 * @author Compound
 */
contract CDaiDelegate is CErc20Delegate {
    /**
     * @notice DAI adapter address
     */
    address public daiJoinAddress;

    /**
     * @notice DAI Savings Rate (DSR) pot address
     */
    address public potAddress;

    /**
     * @notice DAI vat address
     */
    address public vatAddress;

    /**
     * @notice Delegate interface to become the implementation
     * @param data The encoded arguments for becoming
     */
    function _becomeImplementation(bytes memory data) override public {
        require(msg.sender == admin, "only the admin may initialize the implementation");

        (address daiJoinAddress_, address potAddress_) = abi.decode(data, (address, address));
        return _becomeImplementation(daiJoinAddress_, potAddress_);
    }

    /**
     * @notice Explicit interface to become the implementation
     * @param daiJoinAddress_ DAI adapter address
     * @param potAddress_ DAI Savings Rate (DSR) pot address
     */
    function _becomeImplementation(address daiJoinAddress_, address potAddress_) internal {
        // Get dai and vat and sanity check the underlying
        DaiJoinLike daiJoin = DaiJoinLike(daiJoinAddress_);
        PotLike pot = PotLike(potAddress_);
        GemLike dai = daiJoin.dai();
        VatLike vat = daiJoin.vat();
        require(address(dai) == underlying, "DAI must be the same as underlying");

        // Remember the relevant addresses
        daiJoinAddress = daiJoinAddress_;
        potAddress = potAddress_;
        vatAddress = address(vat);

        // Approve moving our DAI into the vat through daiJoin
        dai.approve(daiJoinAddress, type(uint).max);

        // Approve the pot to transfer our funds within the vat
        vat.hope(potAddress);
        vat.hope(daiJoinAddress);

        // Accumulate DSR interest -- must do this in order to doTransferIn
        pot.drip();

        // Transfer all cash in (doTransferIn does this regardless of amount)
        doTransferIn(address(this), 0);
    }

    /**
     * @notice Delegate interface to resign the implementation
     */
    function _resignImplementation() override public {
        require(msg.sender == admin, "only the admin may abandon the implementation");

        // Transfer all cash out of the DSR - note that this relies on self-transfer
        DaiJoinLike daiJoin = DaiJoinLike(daiJoinAddress);
        PotLike pot = PotLike(potAddress);
        VatLike vat = VatLike(vatAddress);

        // Accumulate interest
        pot.drip();

        // Calculate the total amount in the pot, and move it out
        uint pie = pot.pie(address(this));
        pot.exit(pie);

        // Checks the actual balance of DAI in the vat after the pot exit
        uint bal = vat.dai(address(this));

        // Remove our whole balance
        daiJoin.exit(address(this), bal / RAY);
    }

    /*** CToken Overrides ***/

    /**
      * @notice Accrues DSR then applies accrued interest to total borrows and reserves
      * @dev This calculates interest accrued from the last checkpointed block
      *      up to the current block and writes new checkpoint to storage.
      */
    function accrueInterest() override public returns (uint) {
        // Accumulate DSR interest
        PotLike(potAddress).drip();

        // Accumulate CToken interest
        return super.accrueInterest();
    }

    /*** Safe Token ***/

    /**
     * @notice Gets balance of this contract in terms of the underlying
     * @dev This excludes the value of the current message, if any
     * @return The quantity of underlying tokens owned by this contract
     */
    function getCashPrior() override internal view returns (uint) {
        PotLike pot = PotLike(potAddress);
        uint pie = pot.pie(address(this));
        return mul(pot.chi(), pie) / RAY;
    }

    /**
     * @notice Transfer the underlying to this contract and sweep into DSR pot
     * @param from Address to transfer funds from
     * @param amount Amount of underlying to transfer
     * @return The actual amount that is transferred
     */
    function doTransferIn(address from, uint amount) override internal returns (uint) {
        // Read from storage once
        address underlying_ = underlying;
        // Perform the EIP-20 transfer in
        EIP20Interface token = EIP20Interface(underlying_);
        require(token.transferFrom(from, address(this), amount), "unexpected EIP-20 transfer in return");

        DaiJoinLike daiJoin = DaiJoinLike(daiJoinAddress);
        GemLike dai = GemLike(underlying_);
        PotLike pot = PotLike(potAddress);
        VatLike vat = VatLike(vatAddress);

        // Convert all our DAI to internal DAI in the vat
        daiJoin.join(address(this), dai.balanceOf(address(this)));

        // Checks the actual balance of DAI in the vat after the join
        uint bal = vat.dai(address(this));

        // Calculate the percentage increase to th pot for the entire vat, and move it in
        // Note: We may leave a tiny bit of DAI in the vat...but we do the whole thing every time
        uint pie = bal / pot.chi();
        pot.join(pie);

        return amount;
    }

    /**
     * @notice Transfer the underlying from this contract, after sweeping out of DSR pot
     * @param to Address to transfer funds to
     * @param amount Amount of underlying to transfer
     */
    function doTransferOut(address payable to, uint amount) override internal {
        DaiJoinLike daiJoin = DaiJoinLike(daiJoinAddress);
        PotLike pot = PotLike(potAddress);

        // Calculate the percentage decrease from the pot, and move that much out
        // Note: Use a slightly larger pie size to ensure that we get at least amount in the vat
        uint pie = add(mul(amount, RAY) / pot.chi(), 1);
        pot.exit(pie);

        daiJoin.exit(to, amount);
    }

    /*** Maker Internals ***/

    uint256 constant RAY = 10 ** 27;

    function add(uint x, uint y) internal pure returns (uint z) {
        require((z = x + y) >= x, "add-overflow");
    }

    function mul(uint x, uint y) internal pure returns (uint z) {
        require(y == 0 || (z = x * y) / y == x, "mul-overflow");
    }
}

/*** Maker Interfaces ***/

interface PotLike {
    function chi() external view returns (uint);
    function pie(address) external view returns (uint);
    function drip() external returns (uint);
    function join(uint) external;
    function exit(uint) external;
}

interface GemLike {
    function approve(address, uint) external;
    function balanceOf(address) external view returns (uint);
    function transferFrom(address, address, uint) external returns (bool);
}

interface VatLike {
    function dai(address) external view returns (uint);
    function hope(address) external;
}

interface DaiJoinLike {
    function vat() external returns (VatLike);
    function dai() external returns (GemLike);
    function join(address, uint) external payable;
    function exit(address, uint) external;
}


CDaiDelegate

Compound's CDai Contract

supplyRatePerBlock

token

sweepToken

symbol

totalBorrowsCurrent

// SPDX-License-Identifier: BSD-3-Clause
pragma solidity ^0.8.10;

import "./CToken.sol";

interface CompLike {
    function delegate(address delegatee) external;
}

/**
 * @title Compound's CErc20 Contract
 * @notice CTokens which wrap an EIP-20 underlying
 * @author Compound
 */
contract CErc20 is CToken, CErc20Interface {
    /**
     * @notice Initialize the new money market
     * @param underlying_ The address of the underlying asset
     * @param comptroller_ The address of the Comptroller
     * @param interestRateModel_ The address of the interest rate model
     * @param initialExchangeRateMantissa_ The initial exchange rate, scaled by 1e18
     * @param name_ ERC-20 name of this token
     * @param symbol_ ERC-20 symbol of this token
     * @param decimals_ ERC-20 decimal precision of this token
     */
    function initialize(address underlying_,
                        ComptrollerInterface comptroller_,
                        InterestRateModel interestRateModel_,
                        uint initialExchangeRateMantissa_,
                        string memory name_,
                        string memory symbol_,
                        uint8 decimals_) public {
        // CToken initialize does the bulk of the work
        super.initialize(comptroller_, interestRateModel_, initialExchangeRateMantissa_, name_, symbol_, decimals_);

        // Set underlying and sanity check it
        underlying = underlying_;
        EIP20Interface(underlying).totalSupply();
    }

    /*** User Interface ***/

    /**
     * @notice Sender supplies assets into the market and receives cTokens in exchange
     * @dev Accrues interest whether or not the operation succeeds, unless reverted
     * @param mintAmount The amount of the underlying asset to supply
     * @return uint 0=success, otherwise a failure (see ErrorReporter.sol for details)
     */
    function mint(uint mintAmount) override external returns (uint) {
        mintInternal(mintAmount);
        return NO_ERROR;
    }

    /**
     * @notice Sender redeems cTokens in exchange for the underlying asset
     * @dev Accrues interest whether or not the operation succeeds, unless reverted
     * @param redeemTokens The number of cTokens to redeem into underlying
     * @return uint 0=success, otherwise a failure (see ErrorReporter.sol for details)
     */
    function redeem(uint redeemTokens) override external returns (uint) {
        redeemInternal(redeemTokens);
        return NO_ERROR;
    }

    /**
     * @notice Sender redeems cTokens in exchange for a specified amount of underlying asset
     * @dev Accrues interest whether or not the operation succeeds, unless reverted
     * @param redeemAmount The amount of underlying to redeem
     * @return uint 0=success, otherwise a failure (see ErrorReporter.sol for details)
     */
    function redeemUnderlying(uint redeemAmount) override external returns (uint) {
        redeemUnderlyingInternal(redeemAmount);
        return NO_ERROR;
    }

    /**
      * @notice Sender borrows assets from the protocol to their own address
      * @param borrowAmount The amount of the underlying asset to borrow
      * @return uint 0=success, otherwise a failure (see ErrorReporter.sol for details)
      */
    function borrow(uint borrowAmount) override external returns (uint) {
        borrowInternal(borrowAmount);
        return NO_ERROR;
    }

    /**
     * @notice Sender repays their own borrow
     * @param repayAmount The amount to repay, or -1 for the full outstanding amount
     * @return uint 0=success, otherwise a failure (see ErrorReporter.sol for details)
     */
    function repayBorrow(uint repayAmount) override external returns (uint) {
        repayBorrowInternal(repayAmount);
        return NO_ERROR;
    }

    /**
     * @notice Sender repays a borrow belonging to borrower
     * @param borrower the account with the debt being payed off
     * @param repayAmount The amount to repay, or -1 for the full outstanding amount
     * @return uint 0=success, otherwise a failure (see ErrorReporter.sol for details)
     */
    function repayBorrowBehalf(address borrower, uint repayAmount) override external returns (uint) {
        repayBorrowBehalfInternal(borrower, repayAmount);
        return NO_ERROR;
    }

    /**
     * @notice The sender liquidates the borrowers collateral.
     *  The collateral seized is transferred to the liquidator.
     * @param borrower The borrower of this cToken to be liquidated
     * @param repayAmount The amount of the underlying borrowed asset to repay
     * @param cTokenCollateral The market in which to seize collateral from the borrower
     * @return uint 0=success, otherwise a failure (see ErrorReporter.sol for details)
     */
    function liquidateBorrow(address borrower, uint repayAmount, CTokenInterface cTokenCollateral) override external returns (uint) {
        liquidateBorrowInternal(borrower, repayAmount, cTokenCollateral);
        return NO_ERROR;
    }

    /**
     * @notice A public function to sweep accidental ERC-20 transfers to this contract. Tokens are sent to admin (timelock)
     * @param token The address of the ERC-20 token to sweep
     */
    function sweepToken(EIP20NonStandardInterface token) override external {
        require(msg.sender == admin, "CErc20::sweepToken: only admin can sweep tokens");
        require(address(token) != underlying, "CErc20::sweepToken: can not sweep underlying token");
        uint256 balance = token.balanceOf(address(this));
        token.transfer(admin, balance);
    }

    /**
     * @notice The sender adds to reserves.
     * @param addAmount The amount fo underlying token to add as reserves
     * @return uint 0=success, otherwise a failure (see ErrorReporter.sol for details)
     */
    function _addReserves(uint addAmount) override external returns (uint) {
        return _addReservesInternal(addAmount);
    }

    /*** Safe Token ***/

    /**
     * @notice Gets balance of this contract in terms of the underlying
     * @dev This excludes the value of the current message, if any
     * @return The quantity of underlying tokens owned by this contract
     */
    function getCashPrior() virtual override internal view returns (uint) {
        EIP20Interface token = EIP20Interface(underlying);
        return token.balanceOf(address(this));
    }

    /**
     * @dev Similar to EIP20 transfer, except it handles a False result from `transferFrom` and reverts in that case.
     *      This will revert due to insufficient balance or insufficient allowance.
     *      This function returns the actual amount received,
     *      which may be less than `amount` if there is a fee attached to the transfer.
     *
     *      Note: This wrapper safely handles non-standard ERC-20 tokens that do not return a value.
     *            See here: https://medium.com/coinmonks/missing-return-value-bug-at-least-130-tokens-affected-d67bf08521ca
     */
    function doTransferIn(address from, uint amount) virtual override internal returns (uint) {
        // Read from storage once
        address underlying_ = underlying;
        EIP20NonStandardInterface token = EIP20NonStandardInterface(underlying_);
        uint balanceBefore = EIP20Interface(underlying_).balanceOf(address(this));
        token.transferFrom(from, address(this), amount);

        bool success;
        assembly {
            switch returndatasize()
                case 0 {                       // This is a non-standard ERC-20
                    success := not(0)          // set success to true
                }
                case 32 {                      // This is a compliant ERC-20
                    returndatacopy(0, 0, 32)
                    success := mload(0)        // Set `success = returndata` of override external call
                }
                default {                      // This is an excessively non-compliant ERC-20, revert.
                    revert(0, 0)
                }
        }
        require(success, "TOKEN_TRANSFER_IN_FAILED");

        // Calculate the amount that was *actually* transferred
        uint balanceAfter = EIP20Interface(underlying_).balanceOf(address(this));
        return balanceAfter - balanceBefore;   // underflow already checked above, just subtract
    }

    /**
     * @dev Similar to EIP20 transfer, except it handles a False success from `transfer` and returns an explanatory
     *      error code rather than reverting. If caller has not called checked protocol's balance, this may revert due to
     *      insufficient cash held in this contract. If caller has checked protocol's balance prior to this call, and verified
     *      it is >= amount, this should not revert in normal conditions.
     *
     *      Note: This wrapper safely handles non-standard ERC-20 tokens that do not return a value.
     *            See here: https://medium.com/coinmonks/missing-return-value-bug-at-least-130-tokens-affected-d67bf08521ca
     */
    function doTransferOut(address payable to, uint amount) virtual override internal {
        EIP20NonStandardInterface token = EIP20NonStandardInterface(underlying);
        token.transfer(to, amount);

        bool success;
        assembly {
            switch returndatasize()
                case 0 {                      // This is a non-standard ERC-20
                    success := not(0)          // set success to true
                }
                case 32 {                     // This is a compliant ERC-20
                    returndatacopy(0, 0, 32)
                    success := mload(0)        // Set `success = returndata` of override external call
                }
                default {                     // This is an excessively non-compliant ERC-20, revert.
                    revert(0, 0)
                }
        }
        require(success, "TOKEN_TRANSFER_OUT_FAILED");
    }

    /**
    * @notice Admin call to delegate the votes of the COMP-like underlying
    * @param compLikeDelegatee The address to delegate votes to
    * @dev CTokens whose underlying are not CompLike should revert here
    */
    function _delegateCompLikeTo(address compLikeDelegatee) external {
        require(msg.sender == admin, "only the admin may set the comp-like delegate");
        CompLike(underlying).delegate(compLikeDelegatee);
    }
}


CErc20

Compound's CErc20 Contract

// SPDX-License-Identifier: BSD-3-Clause
pragma solidity ^0.8.10;

import "./CErc20.sol";

/**
 * @title Compound's CErc20Delegate Contract
 * @notice CTokens which wrap an EIP-20 underlying and are delegated to
 * @author Compound
 */
contract CErc20Delegate is CErc20, CDelegateInterface {
    /**
     * @notice Construct an empty delegate
     */
    constructor() {}

    /**
     * @notice Called by the delegator on a delegate to initialize it for duty
     * @param data The encoded bytes data for any initialization
     */
    function _becomeImplementation(bytes memory data) virtual override public {
        // Shh -- currently unused
        data;

        // Shh -- we don't ever want this hook to be marked pure
        if (false) {
            implementation = address(0);
        }

        require(msg.sender == admin, "only the admin may call _becomeImplementation");
    }

    /**
     * @notice Called by the delegator on a delegate to forfeit its responsibility
     */
    function _resignImplementation() virtual override public {
        // Shh -- we don't ever want this hook to be marked pure
        if (false) {
            implementation = address(0);
        }

        require(msg.sender == admin, "only the admin may call _resignImplementation");
    }
}


CErc20Delegate

Compound's CErc20Delegate Contract

admin_

implementation_

becomeImplementationData

oldImplementation

newImplementation

NewImplementation

allowResign

_setImplementation

delegateToImplementation

delegateToViewImplementation

totalReserves

totalSupply

transfer

transferFrom

underlying

CErc20Delegator

Compound's CErc20Delegator Contract

// SPDX-License-Identifier: BSD-3-Clause
pragma solidity ^0.8.10;

import "./CErc20.sol";

/**
 * @title Compound's CErc20Immutable Contract
 * @notice CTokens which wrap an EIP-20 underlying and are immutable
 * @author Compound
 */
contract CErc20Immutable is CErc20 {
    /**
     * @notice Construct a new money market
     * @param underlying_ The address of the underlying asset
     * @param comptroller_ The address of the Comptroller
     * @param interestRateModel_ The address of the interest rate model
     * @param initialExchangeRateMantissa_ The initial exchange rate, scaled by 1e18
     * @param name_ ERC-20 name of this token
     * @param symbol_ ERC-20 symbol of this token
     * @param decimals_ ERC-20 decimal precision of this token
     * @param admin_ Address of the administrator of this token
     */
    constructor(address underlying_,
                ComptrollerInterface comptroller_,
                InterestRateModel interestRateModel_,
                uint initialExchangeRateMantissa_,
                string memory name_,
                string memory symbol_,
                uint8 decimals_,
                address payable admin_) {
        // Creator of the contract is admin during initialization
        admin = payable(msg.sender);

        // Initialize the market
        initialize(underlying_, comptroller_, interestRateModel_, initialExchangeRateMantissa_, name_, symbol_, decimals_);

        // Set the proper admin now that initialization is done
        admin = admin_;
    }
}


CErc20Immutable

Compound is an algorithmic, autonomous interest rate protocol built for developers, to unlock a universe of open financial applications.