✨ Optimize wap calculation

pallets/funding/src/functions/1_application.rs

@@ -44,6 +44,7 @@ impl<T: Config> Pallet<T> {
 				total_bonded_plmc: Zero::zero(),
 				evaluators_outcome: EvaluatorsOutcome::Unchanged,
 			},
+			usd_bid_on_oversubscription: None,
 			funding_end_block: None,
 			parachain_id: None,
 			migration_readiness_check: None,

pallets/funding/src/functions/3_auction.rs

@@ -4,7 +4,7 @@ impl<T: Config> Pallet<T> {
 	/// Called by user extrinsic
 	/// Starts the auction round for a project. From the next block forward, any professional or
 	/// institutional user can set bids for a token_amount/token_price pair.
-	/// Any bids from this point until the auction_closing starts, will be considered as valid.
+	/// Any bids from this point until the auction_closing starts will be considered as valid.
 	///
 	/// # Arguments
 	/// * `project_id` - The project identifier
@@ -24,7 +24,7 @@ impl<T: Config> Pallet<T> {
 	/// Later on, `on_initialize` transitions the project into the closing auction round, by calling
 	/// [`do_auction_closing`](Self::do_auction_closing).
 	#[transactional]
-	pub fn do_auction_opening(caller: AccountIdOf<T>, project_id: ProjectId) -> DispatchResultWithPostInfo {
+	pub fn do_start_auction_opening(caller: AccountIdOf<T>, project_id: ProjectId) -> DispatchResultWithPostInfo {
 		// * Get variables *
 		let mut project_details = ProjectsDetails::<T>::get(project_id).ok_or(Error::<T>::ProjectDetailsNotFound)?;
 		let now = <frame_system::Pallet<T>>::block_number();
@@ -43,7 +43,7 @@ impl<T: Config> Pallet<T> {
 
 		ensure!(now >= auction_initialize_period_start_block, Error::<T>::TooEarlyForRound);
 		// If the auction is first manually started, the automatic transition fails here. This
-		// behaviour is intended, as it gracefully skips the automatic transition if the
+		// behavior is intended, as it gracefully skips the automatic transition if the
 		// auction was started manually.
 		ensure!(project_details.status == ProjectStatus::AuctionInitializePeriod, Error::<T>::IncorrectRound);
 
@@ -87,8 +87,8 @@ impl<T: Config> Pallet<T> {
 
 	/// Called automatically by on_initialize
 	/// Starts the auction closing round for a project.
-	/// Any bids from this point until the auction closing round ends, are not guaranteed. Only bids
-	/// made before the random ending block between the auction closing start and end will be considered
+	/// Any bids from this point until the auction closing round ends are not guaranteed.
+	/// Only bids made before the random ending block between the auction closing start and end will be considered.
 	///
 	/// # Arguments
 	/// * `project_id` - The project identifier
@@ -109,7 +109,7 @@ impl<T: Config> Pallet<T> {
 	/// Later on, `on_initialize` ends the auction closing round and starts the community round,
 	/// by calling [`do_community_funding`](Self::do_start_community_funding).
 	#[transactional]
-	pub fn do_auction_closing(project_id: ProjectId) -> DispatchResultWithPostInfo {
+	pub fn do_start_auction_closing(project_id: ProjectId) -> DispatchResultWithPostInfo {
 		// * Get variables *
 		let mut project_details = ProjectsDetails::<T>::get(project_id).ok_or(Error::<T>::ProjectDetailsNotFound)?;
 		let now = <frame_system::Pallet<T>>::block_number();
@@ -134,7 +134,7 @@ impl<T: Config> Pallet<T> {
 		// Schedule for automatic check by on_initialize. Success depending on enough funding reached
 		let insertion_iterations = match Self::add_to_update_store(
 			closing_end_block + 1u32.into(),
-			(&project_id, UpdateType::CommunityFundingStart),
+			(&project_id, UpdateType::AuctionClosingEnd),
 		) {
 			Ok(iterations) => iterations,
 			Err(_iterations) => return Err(Error::<T>::TooManyInsertionAttempts.into()),
@@ -149,6 +149,70 @@ impl<T: Config> Pallet<T> {
 		})
 	}
 
+	/// Decides which bids are accepted and which are rejected.
+	/// Deletes and refunds the rejected ones, and prepares the project for the WAP calculation the next block
+	#[transactional]
+	pub fn do_end_auction_closing(project_id: ProjectId) -> DispatchResultWithPostInfo {
+		// * Get variables *
+		let project_details = ProjectsDetails::<T>::get(project_id).ok_or(Error::<T>::ProjectDetailsNotFound)?;
+		let project_metadata = ProjectsMetadata::<T>::get(project_id).ok_or(Error::<T>::ProjectMetadataNotFound)?;
+		let now = <frame_system::Pallet<T>>::block_number();
+		let auction_closing_start_block =
+			project_details.phase_transition_points.auction_closing.start().ok_or(Error::<T>::TransitionPointNotSet)?;
+		let auction_closing_end_block =
+			project_details.phase_transition_points.auction_closing.end().ok_or(Error::<T>::TransitionPointNotSet)?;
+
+		// * Validity checks *
+		ensure!(now > auction_closing_end_block, Error::<T>::TooEarlyForRound);
+		ensure!(project_details.status == ProjectStatus::AuctionClosing, Error::<T>::IncorrectRound);
+
+		// * Calculate new variables *
+		let end_block = Self::select_random_block(auction_closing_start_block, auction_closing_end_block);
+
+		// * Update Storage *
+		let calculation_result = Self::decide_winning_bids(
+			project_id,
+			end_block,
+			project_metadata.auction_round_allocation_percentage * project_metadata.total_allocation_size,
+		);
+
+		match calculation_result {
+			Err(e) => return Err(DispatchErrorWithPostInfo { post_info: ().into(), error: e }),
+			Ok((accepted_bids_count, rejected_bids_count)) => {
+				// Get info again after updating it with new price.
+				let mut project_details =
+					ProjectsDetails::<T>::get(project_id).ok_or(Error::<T>::ProjectDetailsNotFound)?;
+				project_details.phase_transition_points.random_closing_ending = Some(end_block);
+				project_details.status = ProjectStatus::CalculatingWAP;
+				ProjectsDetails::<T>::insert(project_id, project_details);
+
+				let insertion_iterations = match Self::add_to_update_store(
+					now + 1u32.into(),
+					(&project_id, UpdateType::CommunityFundingStart),
+				) {
+					Ok(iterations) => iterations,
+					Err(_iterations) => return Err(Error::<T>::TooManyInsertionAttempts.into()),
+				};
+
+				// * Emit events *
+				Self::deposit_event(Event::<T>::ProjectPhaseTransition {
+					project_id,
+					phase: ProjectPhases::CalculatingWAP,
+				});
+
+				Ok(PostDispatchInfo {
+					// TODO: make new benchmark
+					actual_weight: Some(WeightInfoOf::<T>::start_community_funding(
+						insertion_iterations,
+						accepted_bids_count,
+						rejected_bids_count,
+					)),
+					pays_fee: Pays::Yes,
+				})
+			},
+		}
+	}
+
 	/// Bid for a project in the bidding stage.
 	///
 	/// # Arguments
@@ -230,7 +294,7 @@ impl<T: Config> Pallet<T> {
 		);
 		ensure!(multiplier.into() <= max_multiplier && multiplier.into() > 0u8, Error::<T>::ForbiddenMultiplier);
 
-		// Note: We limit the CT Amount to the auction allocation size, to avoid long running loops.
+		// Note: We limit the CT Amount to the auction allocation size, to avoid long-running loops.
 		ensure!(
 			ct_amount <= project_metadata.auction_round_allocation_percentage * project_metadata.total_allocation_size,
 			Error::<T>::TooHigh

pallets/funding/src/functions/4_contribution.rs

@@ -27,33 +27,26 @@ impl<T: Config> Pallet<T> {
 	pub fn do_start_community_funding(project_id: ProjectId) -> DispatchResultWithPostInfo {
 		// * Get variables *
 		let project_details = ProjectsDetails::<T>::get(project_id).ok_or(Error::<T>::ProjectDetailsNotFound)?;
-		let project_metadata = ProjectsMetadata::<T>::get(project_id).ok_or(Error::<T>::ProjectMetadataNotFound)?;
 		let now = <frame_system::Pallet<T>>::block_number();
-		let auction_closing_start_block =
-			project_details.phase_transition_points.auction_closing.start().ok_or(Error::<T>::TransitionPointNotSet)?;
 		let auction_closing_end_block =
 			project_details.phase_transition_points.auction_closing.end().ok_or(Error::<T>::TransitionPointNotSet)?;
 
 		// * Validity checks *
 		ensure!(now > auction_closing_end_block, Error::<T>::TooEarlyForRound);
-		ensure!(project_details.status == ProjectStatus::AuctionClosing, Error::<T>::IncorrectRound);
+		ensure!(project_details.status == ProjectStatus::CalculatingWAP, Error::<T>::IncorrectRound);
 
 		// * Calculate new variables *
-		let end_block = Self::select_random_block(auction_closing_start_block, auction_closing_end_block);
 		let community_start_block = now;
 		let community_end_block = now.saturating_add(T::CommunityFundingDuration::get()).saturating_sub(One::one());
+
 		// * Update Storage *
-		let calculation_result = Self::calculate_weighted_average_price(
-			project_id,
-			end_block,
-			project_metadata.auction_round_allocation_percentage * project_metadata.total_allocation_size,
-		);
+		let wap_result = Self::calculate_weighted_average_price(project_id);
+
 		let mut project_details = ProjectsDetails::<T>::get(project_id).ok_or(Error::<T>::ProjectDetailsNotFound)?;
-		match calculation_result {
+		match wap_result {
 			Err(e) => return Err(DispatchErrorWithPostInfo { post_info: ().into(), error: e }),
-			Ok((accepted_bids_count, rejected_bids_count)) => {
+			Ok(winning_bids_count) => {
 				// Get info again after updating it with new price.
-				project_details.phase_transition_points.random_closing_ending = Some(end_block);
 				project_details
 					.phase_transition_points
 					.community
@@ -75,10 +68,12 @@ impl<T: Config> Pallet<T> {
 					phase: ProjectPhases::CommunityFunding,
 				});
 
+				//TODO: address this
+				let rejected_bids_count = 0;
 				Ok(PostDispatchInfo {
 					actual_weight: Some(WeightInfoOf::<T>::start_community_funding(
 						insertion_iterations,
-						accepted_bids_count,
+						winning_bids_count,
 						rejected_bids_count,
 					)),
 					pays_fee: Pays::Yes,

pallets/funding/src/functions/misc.rs

@@ -1,4 +1,5 @@
 use super::*;
+use itertools::Itertools;
 
 // Helper functions
 // ATTENTION: if this is called directly, it will not be transactional
@@ -69,8 +70,7 @@ impl<T: Config> Pallet<T> {
 		Ok(VestingInfo { total_amount: bonded_amount, amount_per_block, duration })
 	}
 
-	/// Calculates the price (in USD) of contribution tokens for the Community and Remainder Rounds
-	pub fn calculate_weighted_average_price(
+	pub fn decide_winning_bids(
 		project_id: ProjectId,
 		end_block: BlockNumberFor<T>,
 		auction_allocation_size: BalanceOf<T>,
@@ -82,8 +82,6 @@ impl<T: Config> Pallet<T> {
 		// temp variable to store the total value of the bids (i.e price * amount = Cumulative Ticket Size)
 		let mut bid_usd_value_sum = BalanceOf::<T>::zero();
 		let project_account = Self::fund_account_id(project_id);
-		let plmc_price = T::PriceProvider::get_decimals_aware_price(PLMC_FOREIGN_ID, USD_DECIMALS, PLMC_DECIMALS)
-			.ok_or(Error::<T>::PriceNotFound)?;
 
 		let project_metadata = ProjectsMetadata::<T>::get(project_id).ok_or(Error::<T>::ProjectMetadataNotFound)?;
 		let mut highest_accepted_price = project_metadata.minimum_price;
@@ -122,21 +120,44 @@ impl<T: Config> Pallet<T> {
 					bid.final_ct_amount = buyable_amount;
 					highest_accepted_price = highest_accepted_price.max(bid.original_ct_usd_price);
 				}
+				Bids::<T>::insert((project_id, &bid.bidder, &bid.id), &bid);
 				bid
 			})
 			.partition(|bid| matches!(bid.status, BidStatus::Accepted | BidStatus::PartiallyAccepted(..)));
 
-		// Weight calculation variables
-		let accepted_bids_count = accepted_bids.len() as u32;
-		let rejected_bids_count = rejected_bids.len() as u32;
-
 		// Refund rejected bids. We do it here, so we don't have to calculate all the project
 		// prices and then fail to refund the bids.
+		let total_rejected_bids = rejected_bids.len() as u32;
 		for bid in rejected_bids.into_iter() {
 			Self::refund_bid(&bid, project_id, &project_account)?;
 			Bids::<T>::remove((project_id, &bid.bidder, &bid.id));
 		}
 
+		ProjectsDetails::<T>::mutate(project_id, |maybe_info| -> DispatchResult {
+			if let Some(info) = maybe_info {
+				info.remaining_contribution_tokens.saturating_reduce(bid_token_amount_sum);
+				if highest_accepted_price > project_metadata.minimum_price {
+					info.usd_bid_on_oversubscription = Some(bid_usd_value_sum);
+				}
+				Ok(())
+			} else {
+				Err(Error::<T>::ProjectDetailsNotFound.into())
+			}
+		})?;
+
+		Ok((accepted_bids.len() as u32, total_rejected_bids))
+	}
+
+	/// Calculates the price (in USD) of contribution tokens for the Community and Remainder Rounds
+	pub fn calculate_weighted_average_price(project_id: ProjectId) -> Result<u32, DispatchError> {
+		let project_metadata = ProjectsMetadata::<T>::get(project_id).ok_or(Error::<T>::ProjectMetadataNotFound)?;
+		let project_details = ProjectsDetails::<T>::get(project_id).ok_or(Error::<T>::ProjectDetailsNotFound)?;
+		// Rejected bids were deleted in the previous block.
+		let accepted_bids = Bids::<T>::iter_prefix_values((project_id,)).collect_vec();
+		let project_account = Self::fund_account_id(project_id);
+		let plmc_price = T::PriceProvider::get_decimals_aware_price(PLMC_FOREIGN_ID, USD_DECIMALS, PLMC_DECIMALS)
+			.ok_or(Error::<T>::PriceNotFound)?;
+
 		// Calculate the weighted price of the token for the next funding rounds, using winning bids.
 		// for example: if there are 3 winning bids,
 		// A: 10K tokens @ USD15 per token = 150K USD value
@@ -155,31 +176,34 @@ impl<T: Config> Pallet<T> {
 
 		// lastly, sum all the weighted prices to get the final weighted price for the next funding round
 		// 3 + 10.6 + 2.6 = 16.333...
-		let calc_weighted_price_fn = |bid: &BidInfoOf<T>| -> PriceOf<T> {
-			let ticket_size = bid.original_ct_usd_price.saturating_mul_int(bid.final_ct_amount);
-			let bid_weight = <T::Price as FixedPointNumber>::saturating_from_rational(ticket_size, bid_usd_value_sum);
-			let weighted_price = bid.original_ct_usd_price.saturating_mul(bid_weight);
-			weighted_price
-		};
-		let mut weighted_token_price = if highest_accepted_price == project_metadata.minimum_price {
-			project_metadata.minimum_price
-		} else {
+
+		// After reading from storage all accepted bids when calculating the weighted price of each bid, we store them here
+		let mut weighted_token_price = if let Some(total_usd_bid) = project_details.usd_bid_on_oversubscription {
+			let calc_weighted_price_fn = |bid: &BidInfoOf<T>| -> PriceOf<T> {
+				let ticket_size = bid.original_ct_usd_price.saturating_mul_int(bid.final_ct_amount);
+				let bid_weight = <T::Price as FixedPointNumber>::saturating_from_rational(ticket_size, total_usd_bid);
+				let weighted_price = bid.original_ct_usd_price.saturating_mul(bid_weight);
+				weighted_price
+			};
+
 			accepted_bids
 				.iter()
 				.map(calc_weighted_price_fn)
-				.fold(Zero::zero(), |a: T::Price, b: T::Price| a.saturating_add(b))
+				.fold(Zero::zero(), |a: PriceOf<T>, b: PriceOf<T>| a.saturating_add(b))
+		} else {
+			project_metadata.minimum_price
 		};
-		// We are 99% sure that the price cannot be less than minimum if some accepted bids have higher price, but rounding
+
+		// We are 99% sure that the price cannot be less than the minimum if some accepted bids have higher price, but rounding
 		// errors are strange, so we keep this just in case.
 		if weighted_token_price < project_metadata.minimum_price {
 			weighted_token_price = project_metadata.minimum_price;
-		}
+		};
 
 		let mut final_total_funding_reached_by_bids = BalanceOf::<T>::zero();
 
-		// Update storage
-		// Update the bid in the storage
-		for mut bid in accepted_bids.into_iter() {
+		let total_accepted_bids = accepted_bids.len() as u32;
+		for mut bid in accepted_bids {
 			if bid.final_ct_usd_price > weighted_token_price || matches!(bid.status, BidStatus::PartiallyAccepted(..)) {
 				if bid.final_ct_usd_price > weighted_token_price {
 					bid.final_ct_usd_price = weighted_token_price;
@@ -247,15 +271,14 @@ impl<T: Config> Pallet<T> {
 		ProjectsDetails::<T>::mutate(project_id, |maybe_info| -> DispatchResult {
 			if let Some(info) = maybe_info {
 				info.weighted_average_price = Some(weighted_token_price);
-				info.remaining_contribution_tokens.saturating_reduce(bid_token_amount_sum);
 				info.funding_amount_reached_usd.saturating_accrue(final_total_funding_reached_by_bids);
 				Ok(())
 			} else {
 				Err(Error::<T>::ProjectDetailsNotFound.into())
 			}
 		})?;
 
-		Ok((accepted_bids_count, rejected_bids_count))
+		Ok(total_accepted_bids)
 	}
 
 	/// Refund a bid because of `reason`.