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Ensure the treasury automatically resumes once balance < cap #646

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Ensure the treasury automatically resumes once balance < cap #646

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19 changes: 9 additions & 10 deletions contracts/bonding/BondingManager.sol
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Original file line number Diff line number Diff line change
Expand Up @@ -470,9 +470,16 @@ contract BondingManager is ManagerProxyTarget, IBondingManager {
function setCurrentRoundTotalActiveStake() external onlyRoundsManager {
currentRoundTotalActiveStake = nextRoundTotalActiveStake;

if (nextRoundTreasuryRewardCutRate != treasuryRewardCutRate) {
// Set the treasury cut to 0 while the treasury balance is above the ceiling
uint256 treasuryBalance = livepeerToken().balanceOf(treasury());
if (treasuryBalanceCeiling > 0 && treasuryBalance >= treasuryBalanceCeiling) {
if (treasuryRewardCutRate > 0) {
treasuryRewardCutRate = 0;
emit ParameterUpdate("treasuryRewardCutRate");
}
} else if (nextRoundTreasuryRewardCutRate != treasuryRewardCutRate) {
// Reset to the desired treasury cut rate
treasuryRewardCutRate = nextRoundTreasuryRewardCutRate;
// The treasury cut rate changes in a delayed fashion so we want to emit the parameter update event here
emit ParameterUpdate("treasuryRewardCutRate");
}

Expand Down Expand Up @@ -890,14 +897,6 @@ contract BondingManager is ManagerProxyTarget, IBondingManager {
earningsPool.setStake(t.earningsPoolPerRound[lastUpdateRound].totalStake);
}

if (treasuryBalanceCeiling > 0) {
uint256 treasuryBalance = livepeerToken().balanceOf(treasury());
if (treasuryBalance >= treasuryBalanceCeiling && nextRoundTreasuryRewardCutRate > 0) {
// halt treasury contributions until the cut rate param is updated again
_setTreasuryRewardCutRate(0);
}
}

// Create reward based on active transcoder's stake relative to the total active stake
// rewardTokens = (current mintable tokens for the round * active transcoder stake) / total active stake
IMinter mtr = minter();
Expand Down