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contract's Introduction

Numeraire Ethereum Smart Contract

Numeraire is an ERC20 token used for staking in Numerai's machine learning tournament to solve the stock market. The token mechanics are described in the whitepaper.

Authors: Alex Mingoia, Joey Krug, Xander Dunn, and Philip Monk

Security Audit: Peter Vessenes and Dennis Peterson at New Alchemy. See security_audit.pdf.

Overview

  • Should require multi-sig for some functions
  • Should be able to single-sig pause the contract and multi-sig unpause the contract
  • All state-changing functions should be disabled in the paused state unless it requires multi-sig
  • Only Numerai can release stakes, destroy stakes, and mint
  • Transfers from Numerai's store of NMR require multi-sig
  • All NMR initially minted are sent to Numerai's multi-sig
  • The contract should be upgradable so that the maps of balances, allowances, and stakes remain unchanged but the functions called for minting, staking, releasing stakes, and destroying stakes are changed.
  • It should be possible to disable upgradability forever
  • Any address can stake
  • Numerai can make a stake on behalf of addresses 0 through 1,000,000
  • Stakes are released to the address that made the stake
  • In addition to NMR, ETH can be sent to the address that made the released stake

Development

Install

  • Clone this repository: git clone [email protected]:numerai/contract.git && cd contract
  • Install dependencies: npm install
  • Install truffle: sudo npm install -g truffle
  • Install testrpc: sudo npm install -g ethereumjs-testrpc
  • Install solc:
    • On Ubuntu, this is:
      sudo add-apt-repository ppa:ethereum/ethereum
      sudo apt-get update
      sudo apt-get install solc
      
    • On Mac:
      brew tap ethereum/ethereum
      brew install solidity
      

Compile

  • solc --bin contracts/NumeraireBackend.sol or truffle compile

Test

  • testrpc -p 6545 -u 0x54fd80d6ae7584d8e9a19fe1df43f04e5282cc43 -u 0xa6d135de4acf44f34e2e14a4ee619ce0a99d1e08 to start the test server with the multi-sig keys unlocked
  • truffle test to run the tests

Usage

General notes:

  • All values are specified as uint256 with 18 decimals.
  • We throw on error rather than return false.

User functions

The following are functions that may be useful for a user to call.

transfer(address _to, uint256 _value) stopInEmergency onlyPayloadSize(2)

Transfers NMR to another user. This function is part of the ERC20 standard.

  • _to is the destination address.
  • _value is the amount to be transferred.

stake(uint256 _value, bytes32 _tag, uint256 _tournamentID, uint256 _roundID, uint256 _confidence)

Stakes NMR on a prediction. Users should ensure that their stake is valid according to the rules set forth here.

  • _value is the amount to be staked.
  • tag is used to associate the prediction with a particular submission. Currently, the tag should be the username of the web account that made the submission.
  • _tournamentID is the id of the tournament that the round is in. For now, this is always 1.
  • _roundID is the id of the round.
  • _confidence is the confidence level of the stake with 3 decimals.

approve(address _spender, uint256 _value)

Allows another contract to spend on user's behalf. This function is part of the ERC20 standard.

We recommend to use this function with special care since improper use will result in vulnerability to this attack. To mitigate this, we require the user set the approval to zero before changing to another non-zero value. However, in general, changeApproval is much safer.

  • _spender is the address of the contract.
  • _value is the amount to allow the contract to spend.

changeApproval(address _spender, uint256 _oldValue, uint256 _newValue)

Sets the approval to a new value while checking that the previous approval value is what we expected. This is safer than approve.

  • _spender is the address of the contract.
  • _oldValue is the current amount the contract is allowed to spend.
  • _newValue is the new amount to allow the contract to spend.

transferFrom(address _from, address _to, uint256 _value)

Transfers NMR from one address to another. Called by a contract which has been approved by _from to spend some of its NMR.

  • _from is the source of the NMR. It must have already approved the sender to spend some of its NMR.
  • _to is the destination address.
  • _value is the amount of NMR to transfer.

Inspection

The following are constant functions (i.e. they don't cause any state change and may be called without submitting a transaction or paying gas costs).

totalSupply() returns uint256

Returns the current supply of NMR. This function is part of the ERC20 standard.

total_minted() returns uint256

Returns the total NMR ever minted. This will be more than totalSupply stakes are destroyed.

initial_disbursement() returns uint256

Returns the amount of NMR disbursed at deploy time.

supply_cap() returns uint256

Returns 21 million NMR, the total that will ever be minted.

weekly_disbursement() returns uint256

Returns the amount of NMR permitted to be minted every week.

getMintable() returns uint256

Returns the amount of the NMR that could be minted now.

deploy_time() returns uint256

Returns the timestamp of the block when the contract was deployed.

balanceOf(address _user) returns uint256

Returns the balance of the given address. This is part of the ERC20 standard.

allowance(address _user, address _contract) returns uint256

Returns the amount that _user has approved for _contract to spend.

standard() returns string

Returns the token standard, which is "ERC20". This is part of the ERC20 standard.

name() returns string

Returns the human-readable name of the token, which is "Numeraire". This is part of the ERC20 standard.

symbol() returns string

Returns the human-readable abbreviation of the token, which is "NMR". This is part of the ERC20 standard.

decimals() returns uint256

Returns the number of decimals in the canonical representation of NMR amounts, which is 18. This is part of the ERC20 standard.

delegateContract() returns address

Returns the address of the delegate contract, which is the upgradeable portion of the contract.

contractUpgradable() returns bool

Returns whether the contract is still upgradeable. This can be changed with disableContractUpgradability.

previousDelegates(uint _i) returns address

Returns the _ith previous delegate contract.

getTournament(uint256 _tournamentID) returns (uint256, uint256[])

Returns the creation time and round list for the given tournament.

getRound(uint256 _tournamentID, uint256 _roundID) returns (uint256, uint256, uint256)

Returns the creation time, end time, and resolution time for the given round in the given tournament.

getStake(uint256 _tournamentID, uint256 _roundID, address _staker, bytes32 _tag) returns (uint256, uint256, bool, bool)

Returns the stake made by _staker on user _tag in round _roundID of tournament _tournamentID. The result includes the confidence level, stake amount, success, and whether or not the stake has been resolved yet.

required() returns uint

Returns the number of contract owner confirmations required for a multi-sig transaction.

getOwner(uint ownerIndex) returns address

Returns the owner at the given index.

isOwner(address _addr) returns bool

Returns true if the address is an owner.

hasConfirmed(bytes32 _operation, address _owner) returns bool

Returns true if the given address is an owner that has confirmed the given operation.

stopped() returns bool

Returns true if the contract is in an emergency stop.

stoppable() returns bool

Returns true if the contract can be stopped.

Events

The following events may be emitted by the contract.

Mint(uint256 value)

Emitted when minting value NMR.

Transfer(address indexed from, address indexed to, uint256 value)

Emitted when NMR is transferred from one address to another.

Approval(address indexed owner, address indexed spender, uint256 value)

Emitted when a user approves a contract to spend an amount of NMR on their behalf.

Staked(address indexed staker, bytes32 tag, uint256 totalAmountStaked, uint256 confidence, uint256 indexed tournamentID, uint256 indexed roundID)

Emitted when a stake is recorded.

TournamentCreated(uint256 indexed tournamentID)

Emitted when a tournament is created.

RoundCreated(uint256 indexed tournamentID, uint256 indexed roundID, uint256 endTime, uint256 resolutionTime)

Emitted when a round is created.

StakeReleased(uint256 indexed tournamentID, uint256 indexed roundID, address indexed stakerAddress, bytes32 tag, uint256 etherReward)

Emitted when a stake is released.

StakeDestroyed(uint256 indexed tournamentID, uint256 indexed roundID, address indexed stakerAddress, bytes32 tag)

Emitted when a stake is destroyed.

DelegateChanged(address oldAddress, address newAddress)

Emitted when the delegate address has changed.

Confirmation(address owner, bytes32 operation)

Emitted when one of the contract owners confirms a multi-sig transaction.

Revoke(address owner, bytes32 operation)

Emitted when one of the contract owners revokes a previous confirmation of a multi-sig transaction.

Owner operations

The following are functions that may only be called by one or more of the contract owners.

changeDelegate(address _newDelegate)

Changes the delegate contract.

disableContractUpgradability()

Permanently disables the changing the delegate contract.

claimTokens(address _token)

If _token is 0, then sends all ether in the contract to the sender. If _token is the address of an ERC20 token, then this sends all of those tokens to the sender.

mint(uint256 _value)

Mints new NMR, depositing it into the balance of the contract.

numeraiTransfer(address _to, uint256 _value)

Transfers NMR from the contract.

stakeOnBehalf(address _staker, uint256 _value, bytes32 _tag, uint256 _tournamentID, uint256 _roundID, uint256 _confidence)

Performs a stake on behalf of a Numerai web user's assigned address. This only functions when _staker is no more than 1 million.

releaseStake(address _staker, bytes32 _tag, uint256 _etherValue, uint256 _tournamentID, uint256 _roundID, bool _successful)

Releases a stake after the round has resolved. Sets the stake amount to 0. Also sends _etherValue of ether to the address.

destroyStake(address _staker, bytes32 _tag, uint256 _tournamentID, uint256 _roundID)

Destroys a stake after the round has resolved. Sets the stake amount to 0. The value of the stake is not returned to the staker, and totalSupply reduces by that amount.

withdraw(address _from, address _to, uint256 _value)

Withdraws NMR from a Numerai web account to another address. _from must be no more than 1 million.

createTournament(uint256 _tournamentID)

Creates a tournament with the given ID.

createRound(uint256 _tournamentID, uint256 _roundID, uint256 _endTime, uint256 _resolutionTime)

Creates a round in the given tournament with the given end time and resolution time.

changeShareable(address[] _owners, uint _required) onlyManyOwners(sha3(msg.data))

Sets a new list of owners and minimum required number of owners for multi-sig transactions.

revoke(bytes32 operation)

Revokes a previous confirmation of an operation.

emergencyStop()

Performs an emergency stop. In an emergency stop, many functions, including staking and transferring, are disabled.

release()

Ends an emergency stop.

disableStopping()

Permanently disables the ability to perform an emergency stop.

contract's People

Contributors

xanderdunn avatar philipcmonk avatar joeykrug avatar arekmano avatar tinybike avatar

Watchers

James Cloos avatar

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