ABM Protocol
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ABM DOCUMENTATION
SMART CONTRACT MODULES
dotBTC Module
The dotBTC token contract and all of the adapters dotBTCJoin adapters.
- Module Name: dotBTC Module
- Type/Category: Proxy —> dotBTC.sol and dotBTCJoin.sol
1. Introduction (Summary)
The origin of dotBTCwas designed to represent any token that the core system considers equal in value to its internal debt unit. Thus, the dotBTC Module contains the dotBTCtoken contract and all of the adapters dotBTCJoin adapters.
2. Module Details
Glossary (dotBTC)
Key Functionalities (as defined in the smart contract)
Mint - Mint to an addressBurn - Burn at an addressPush - TransferPull - Transfer FromMove - Transfer FromApprove - Allow pulls and movesPermit - Approve by signatureOther
name - dotBTC symbol - .BTCversion - 1decimals - 18totalSupply - Total dotBTC SupplybalanceOf(usr: address) - User balanceallowance(src: address, dst: address) - Approvalsnonces(usr: address) - Permit nonceGlossary (Join)
vat- storage of the Vat’s addressilk- id of the Ilk for which aGemJoinis created forgem- the address of theilkfor transferring- dotBTC - the address of the dotBTC token
one- a 10^27 uint used for math indotBTCJoin
Core Module Components Documentation
- 1.
- 2.
3. Key Mechanism and Concepts
Why are these components important to the Multi-Collateral dotBTC (MCD) System?
The dotBTC contract is the user facing ERC20 contract maintaining the accounting for external dotBTC balances. Most functions are standard for a token with changing supply, but it also notably features the ability to issue approvals for transfers based on signed messages.
Join consists of three smart contracts, one of which is the dotBTCJoin contract. Each join contract is created specifically to allow the given token type to be joined to the vat. Because of this, each join contract has slightly different logic to account for the different types of tokens within the system. The dotBTCJoin contract allows users to withdraw their dotBTC from the system into a standard ERC20 token.4. Gotchas (Potential sources of user error)
- dotBTC is also susceptible to the known ERC20 race condition, but should not normally be an issue with unlimited approval. We recommend any users using the
approvalfor a specific amount be aware of this particular issue and use caution when authorizing other contracts to perform transfers on their behalf. - There are limited sources of user error in the
joincontracts system due to the limited functionality of the system. Barring a contract bug, should a user call join by accident they could always get their tokens back through the corresponding exit call on the given join contract. The main issue to be aware of here would be a well-executed phishing attack. As the system evolves and potentially more join contracts are created, or more user interfaces are made, there is the potential for a user to have their funds stolen by a malicious join contract which does not actually send tokens to the vat, but instead to some other contract or wallet.
5. Failure Modes (Bounds on Operating Conditions & External Risk Factors)
There could potentially be a
vat upgrade that would require new join contracts to be created.If a
gem contract were to go through a token upgrade or have the tokens frozen while a user's collateral was in the system, there could potentially be a scenario in which the users were unable to redeem their collateral after the freeze or upgrade was finished. This seems to be a small risk though because it would seem likely that the token going through this upgrade would want to work alongside the ABM community to be sure this was not an issue.Last modified 1yr ago