CFAPenaltyBidFacet
Documentation for the CFAPenaltyBidFacet contract.
The
CFAPenaltyBidFacet implements the functions that define the Geo Web's auction system. The Geo Web introduces an "owner-forgiving" auction mechanism instead of a "pure" partial commmon ownership/Harberger tax system that would implement instantaneous transfers of assets upon an incoming (higher) bid.
CFAPenaltyBidFacet gives the current licensor an exclusive window to reject or accept a rival bid. To reject a bid, the licensor must pay a percentage of the incoming bid value as a penalty. Accepting a bid transfers the parcel to the bidder, returns the appropriate collateral to the bidder, and transfers the sale proceeds (plus or minus applicable network fees) to the now former parcel licensor.Handles bidding using CFAs and penalities
event BidAccepted(address _payer, address _bidder, uint256 forSalePrice)
Emitted when a bid is accepted
event BidRejected(address _payer, address _bidder, uint256 forSalePrice)
Emitted when a bid is rejected
event TransferTriggered(address _sender, address _payer, address _bidder, uint256 forSalePrice)
Emitted when a transfer is triggered
modifier onlyIfPendingBid()
modifier onlyIfNotPendingBid()
modifier onlyAfterBidPeriod()
modifier onlyDuringBidPeriod()
function shouldBidPeriodEndEarly() public view returns (bool)
Should bid period end early
function pendingBid() external pure returns (struct LibCFAPenaltyBid.Bid)
Get pending bid
function hasPendingBid() external view returns (bool)
Checks if there is a pending bid
function calculatePenalty() external view returns (uint256)
Get penalty payment
function editBid(int96 newContributionRate, uint256 newForSalePrice) external
Edit bid - Must be the current payer - Must have permissions to update flow for payer
Parameters
Name | Type | Description |
|---|---|---|
newContributionRate | int96 | New contribution rate for bid |
newForSalePrice | uint256 | Intented new for sale price. Must be within rounding bounds of newContributionRate |
function placeBid(int96 newContributionRate, uint256 newForSalePrice) external
Place a bid to purchase license as msg.sender - Pending bid must not exist - Must have permissions to create flow for bidder - Must have ERC-20 approval of payment token
Parameters
Name | Type | Description |
|---|---|---|
newContributionRate | int96 | New contribution rate for bid |
newForSalePrice | uint256 | Intented new for sale price. Must be within rounding bounds of newContributionRate |
function acceptBid() external
Accept a pending bid as the current payer - Must be payer - Pending bid must exist - Must be within bidding period
function rejectBid(int96 newContributionRate, uint256 newForSalePrice) external
Reject a pending bid as the current payer - Must be payer - Pending bid must exist - Must be within bidding period - Must approve penalty amount
Parameters
Name | Type | Description |
|---|---|---|
newContributionRate | int96 | New contribution rate for bid |
newForSalePrice | uint256 | Intented new for sale price. Must be within rounding bounds of newContributionRate |
function triggerTransfer() external
Trigger a transfer after bidding period has elapsed - Pending bid must exist - Must be after bidding period
bytes32 STORAGE_POSITION_OUT_BID
struct Bid {
uint256 timestamp;
address bidder;
int96 contributionRate;
uint256 perSecondFeeNumerator;
uint256 perSecondFeeDenominator;
uint256 forSalePrice;
}
function pendingBid() internal pure returns (struct LibCFAPenaltyBid.Bid ds)
enum FlowChangeType {
CREATE_FLOW,
UPDATE_FLOW,
DELETE_FLOW
}
function _getBooleanFlowOperatorPermissions(uint8 permissions, enum LibCFAPenaltyBid.FlowChangeType flowChangeType) internal pure returns (bool flowchangeTypeAllowed)
function _calculatePenalty() internal view returns (uint256)
Calculate the penalty needed for the pending bid to be rejected
function _clearPendingBid() internal
function _triggerTransfer() internal
Trigger transfer of license
function _rejectBid(int96 newContributionRate, uint256 newForSalePrice) internal
Reject Bid
Name | Type | Description |
|---|---|---|
id | uint256 | ID of land parcel |
Last modified 2mo ago