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Add a VestingWallet #2748

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135 changes: 135 additions & 0 deletions contracts/finance/VestingWallet.sol
@@ -0,0 +1,135 @@
// SPDX-License-Identifier: MIT
pragma solidity ^0.8.0;

import "../token/ERC20/utils/SafeERC20.sol";
import "../utils/Address.sol";
import "../utils/Context.sol";
import "../utils/math/Math.sol";

/**
* @title VestingWallet
* @dev This contract handles the vesting of Eth and ERC20 tokens for a given beneficiary. Custody of multiple tokens
* can be given to this contract, which will release the token to the beneficiary following a given vesting schedule.
* The vesting schedule is customizable through the {vestedAmount} function.
*
* Any token transferred to this contract will follow the vesting schedule as if they were locked from the beginning.
* Consequently, if the vesting has already started, any amount of tokens sent to this contract will (at least partly)
* be immediately releasable.
*/
contract VestingWallet is Context {
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event TokensReleased(uint256 amount);
event ERC20TokensReleased(address token, uint256 amount);
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uint256 private _released;
mapping(address => uint256) private _erc20Released;
address private immutable _beneficiary;
uint256 private immutable _start;
uint256 private immutable _duration;
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modifier onlyBeneficiary() {
require(beneficiary() == _msgSender(), "VestingWallet: access restricted to beneficiary");
_;
}

/**
* @dev Set the beneficiary, start timestamp and vesting duration of the vesting wallet.
*/
constructor(
address beneficiaryAddress,
uint256 startTimestamp,
uint256 durationSeconds
) {
require(beneficiaryAddress != address(0), "VestingWallet: beneficiary is zero address");
_beneficiary = beneficiaryAddress;
_start = startTimestamp;
_duration = durationSeconds;
}

/**
* @dev The contract should be able to receive Eth.
*/
receive() external payable {}
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/**
* @dev Getter for the beneficiary address.
*/
function beneficiary() public view virtual returns (address) {
return _beneficiary;
}

/**
* @dev Getter for the start timestamp.
*/
function start() public view virtual returns (uint256) {
return _start;
}

/**
* @dev Getter for the vesting duration.
*/
function duration() public view virtual returns (uint256) {
return _duration;
}

/**
* @dev Amont of eth already released
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*/
function released() public view returns (uint256) {
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return _released;
}

/**
* @dev Amont of token already released
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*/
function released(address token) public view returns (uint256) {
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return _erc20Released[token];
}

/**
* @dev Release the native token (ether) that have already vested.
*
* Emits a {TokensReleased} event.
*/
function release() public virtual {
uint256 releasable = vestedAmount(block.timestamp) - released();
_released += releasable;
emit TokensReleased(releasable);
Address.sendValue(payable(beneficiary()), releasable);
}

/**
* @dev Release the tokens that have already vested.
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*
* Emits a {TokensReleased} event.
*/
function release(address token) public virtual {
uint256 releasable = vestedAmount(token, block.timestamp) - released(token);
_erc20Released[token] += releasable;
emit ERC20TokensReleased(token, releasable);
SafeERC20.safeTransfer(IERC20(token), beneficiary(), releasable);
}

/**
* @dev Calculates the amount of ether that has already vested. Default implementation is a linear vesting curve.
*/
function vestedAmount(uint256 timestamp) public view virtual returns (uint256) {
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if (timestamp < start()) {
return 0;
} else {
uint256 historicalBalance = address(this).balance + released();
return Math.min(historicalBalance, historicalBalance * (timestamp - start()) / duration());
}
}

/**
* @dev Calculates the amount of tokens that has already vested. Default implementation is a linear vesting curve.
*/
function vestedAmount(address token, uint256 timestamp) public view virtual returns (uint256) {
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if (timestamp < start()) {
return 0;
} else {
uint256 historicalBalance = IERC20(token).balanceOf(address(this)) + released(token);
return Math.min(historicalBalance, historicalBalance * (timestamp - start()) / duration());
}
}
}
70 changes: 70 additions & 0 deletions test/finance/VestingWallet.behavior.js
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const { constants, expectEvent } = require('@openzeppelin/test-helpers');
const { expect } = require('chai');

function shouldBehaveLikeVesting (beneficiary) {
it('check vesting schedule', async function () {
const args = this.token ? [ this.token.address ] : [];

for (const timestamp of this.schedule) {
expect(await this.mock.vestedAmount(...args, timestamp))
.to.be.bignumber.equal(this.vestingFn(timestamp));
}
});

it('execute vesting schedule', async function () {
const args = this.token ? [ this.token.address ] : [];

let released = web3.utils.toBN(0);
const before = await this.getBalance(beneficiary);

{
const receipt = await this.mock.release(...args);

await expectEvent.inTransaction(
receipt.tx,
this.mock,
this.token ? 'ERC20TokensReleased' : 'TokensReleased',
Object.fromEntries(Object.entries({
token: this.token && this.token.address,
amount: '0',
}).filter(x => x.every(Boolean))),
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);

await this.checkRelease(receipt, beneficiary, '0');

expect(await this.getBalance(beneficiary)).to.be.bignumber.equal(before);
}

for (const timestamp of this.schedule) {
const vested = this.vestingFn(timestamp);

await new Promise(resolve => web3.currentProvider.send({
method: 'evm_setNextBlockTimestamp',
params: [ timestamp.toNumber() ],
}, resolve));

const receipt = await this.mock.release(...args);

await expectEvent.inTransaction(
receipt.tx,
this.mock,
this.token ? 'ERC20TokensReleased' : 'TokensReleased',
Object.fromEntries(Object.entries({
token: this.token && this.token.address,
amount: vested.sub(released),
}).filter(x => x.every(Boolean))),
);

await this.checkRelease(receipt, beneficiary, vested.sub(released));

expect(await this.getBalance(beneficiary))
.to.be.bignumber.equal(before.add(vested));

released = vested;
}
});
}

module.exports = {
shouldBehaveLikeVesting,
};
67 changes: 67 additions & 0 deletions test/finance/VestingWallet.test.js
@@ -0,0 +1,67 @@
const { constants, expectEvent, expectRevert, time } = require('@openzeppelin/test-helpers');
const { web3 } = require('@openzeppelin/test-helpers/src/setup');
const { expect } = require('chai');

const ERC20Mock = artifacts.require('ERC20Mock');
const VestingWallet = artifacts.require('VestingWallet');

const { shouldBehaveLikeVesting } = require('./VestingWallet.behavior');

const min = (...args) => args.slice(1).reduce((x, y) => x.lt(y) ? x : y, args[0]);

contract('VestingWallet', function (accounts) {
const [ sender, beneficiary ] = accounts;

const amount = web3.utils.toBN(web3.utils.toWei('100'));
const duration = web3.utils.toBN(4 * 365 * 86400); // 4 years

beforeEach(async function () {
this.start = (await time.latest()).addn(3600); // in 1 hour
this.mock = await VestingWallet.new(beneficiary, this.start, duration);
});

it('rejects zero address for beneficiary', async function () {
await expectRevert(
VestingWallet.new(constants.ZERO_ADDRESS, this.start, duration),
'VestingWallet: beneficiary is zero address',
);
});

it('check vesting contract', async function () {
expect(await this.mock.beneficiary()).to.be.equal(beneficiary);
expect(await this.mock.start()).to.be.bignumber.equal(this.start);
expect(await this.mock.duration()).to.be.bignumber.equal(duration);
});

describe('vesting schedule', function () {
beforeEach(async function () {
this.schedule = Array(64).fill().map((_, i) => web3.utils.toBN(i).mul(duration).divn(60).add(this.start));
this.vestingFn = timestamp => min(amount, amount.mul(timestamp.sub(this.start)).div(duration));
});

describe('Eth vesting', function () {
beforeEach(async function () {
await web3.eth.sendTransaction({ from: sender, to: this.mock.address, value: amount });
this.getBalance = account => web3.eth.getBalance(account).then(web3.utils.toBN);
this.checkRelease = () => {};
});

shouldBehaveLikeVesting(beneficiary);
});

describe('ERC20 vesting', function () {
beforeEach(async function () {
this.token = await ERC20Mock.new('Name', 'Symbol', this.mock.address, amount);
this.getBalance = (account) => this.token.balanceOf(account);
this.checkRelease = (receipt, to, value) => expectEvent.inTransaction(
receipt.tx,
this.token,
'Transfer',
{ from: this.mock.address, to, value },
);
});

shouldBehaveLikeVesting(beneficiary);
});
});
});