[TokenVesting] Add a start parameter to constructor to defer vesting

pull/476/head
Martín Triay 7 years ago
parent bd56163900
commit 822de45bfc
  1. 27
      contracts/token/TokenVesting.sol
  2. 31
      test/TokenVesting.js

@ -22,7 +22,7 @@ contract TokenVesting is Ownable {
uint256 cliff; uint256 cliff;
uint256 start; uint256 start;
uint256 end; uint256 duration;
bool revocable; bool revocable;
@ -30,24 +30,23 @@ contract TokenVesting is Ownable {
/** /**
* @dev Creates a vesting contract that vests its balance of any ERC20 token to the * @dev Creates a vesting contract that vests its balance of any ERC20 token to the
* _beneficiary, gradually in a linear fashion until _end. By then all of the balance * _beneficiary, gradually in a linear fashion until _start + _duration. By then all
* will have vested. * of the balance will have vested.
* @param _beneficiary address of the beneficiary to whom vested tokens are transferred * @param _beneficiary address of the beneficiary to whom vested tokens are transferred
* @param _cliff timestamp of the moment when tokens will begin to vest * @param _cliff duration in seconds of the cliff in which tokens will begin to vest
* @param _end timestamp of the moment when all balance will have been vested * @param _duration duration in seconds of the period in which the tokens will vest
* @param _revocable whether the vesting is revocable or not * @param _revocable whether the vesting is revocable or not
*/ */
function TokenVesting(address _beneficiary, uint256 _cliff, uint256 _end, bool _revocable) { function TokenVesting(address _beneficiary, uint256 _start, uint256 _cliff, uint256 _duration, bool _revocable) {
require(_beneficiary != 0x0); require(_beneficiary != 0x0);
require(_cliff > now); require(_cliff < _duration);
require(_end > _cliff); require(_start >= now);
beneficiary = _beneficiary; beneficiary = _beneficiary;
cliff = _cliff;
end = _end;
revocable = _revocable; revocable = _revocable;
duration = _duration;
start = now; cliff = _start + _cliff;
start = _start;
} }
/** /**
@ -89,13 +88,13 @@ contract TokenVesting is Ownable {
function vestedAmount(ERC20Basic token) constant returns (uint256) { function vestedAmount(ERC20Basic token) constant returns (uint256) {
if (now < cliff) { if (now < cliff) {
return 0; return 0;
} else if (now >= end) { } else if (now >= start + duration) {
return token.balanceOf(this); return token.balanceOf(this);
} else { } else {
uint256 currentBalance = token.balanceOf(this); uint256 currentBalance = token.balanceOf(this);
uint256 totalBalance = currentBalance.add(released[token]); uint256 totalBalance = currentBalance.add(released[token]);
uint256 vested = totalBalance.mul(now - start).div(end - start); uint256 vested = totalBalance.mul(now - start).div(duration);
uint256 unreleased = vested.sub(released[token]); uint256 unreleased = vested.sub(released[token]);
// currentBalance can be 0 in case of a revoke // currentBalance can be 0 in case of a revoke

@ -19,12 +19,11 @@ contract('TokenVesting', function ([_, owner, beneficiary]) {
beforeEach(async function () { beforeEach(async function () {
this.token = await MintableToken.new({ from: owner }); this.token = await MintableToken.new({ from: owner });
this.cliff = latestTime() + duration.years(1); this.start = latestTime() + duration.minutes(1); // +1 minute so it starts after contract instantiation
this.end = latestTime() + duration.years(2); this.cliff = duration.years(1);
this.duration = duration.years(2);
this.vesting = await TokenVesting.new(beneficiary, this.cliff, this.end, true, { from: owner }); this.vesting = await TokenVesting.new(beneficiary, this.start, this.cliff, this.duration, true, { from: owner });
this.start = latestTime(); // gets the timestamp at construction
await this.token.mint(this.vesting.address, amount, { from: owner }); await this.token.mint(this.vesting.address, amount, { from: owner });
}); });
@ -34,55 +33,55 @@ contract('TokenVesting', function ([_, owner, beneficiary]) {
}); });
it('can be released after cliff', async function () { it('can be released after cliff', async function () {
await increaseTimeTo(this.cliff + duration.weeks(1)); await increaseTimeTo(this.start + this.cliff + duration.weeks(1));
await this.vesting.release(this.token.address).should.be.fulfilled; await this.vesting.release(this.token.address).should.be.fulfilled;
}); });
it('should release proper amount after cliff', async function () { it('should release proper amount after cliff', async function () {
await increaseTimeTo(this.cliff); await increaseTimeTo(this.start + this.cliff);
const { receipt } = await this.vesting.release(this.token.address); const { receipt } = await this.vesting.release(this.token.address);
const releaseTime = web3.eth.getBlock(receipt.blockNumber).timestamp; const releaseTime = web3.eth.getBlock(receipt.blockNumber).timestamp;
const balance = await this.token.balanceOf(beneficiary); const balance = await this.token.balanceOf(beneficiary);
balance.should.bignumber.equal(amount.mul(releaseTime - this.start).div(this.end - this.start).floor()); balance.should.bignumber.equal(amount.mul(releaseTime - this.start).div(this.duration).floor());
}); });
it('should linearly release tokens during vesting period', async function () { it('should linearly release tokens during vesting period', async function () {
const duration = this.end - this.cliff; const vestingPeriod = this.duration - this.cliff;
const checkpoints = 4; const checkpoints = 4;
for (let i = 1; i <= checkpoints; i++) { for (let i = 1; i <= checkpoints; i++) {
const now = this.cliff + i * (duration / checkpoints); const now = this.start + this.cliff + i * (vestingPeriod / checkpoints);
await increaseTimeTo(now); await increaseTimeTo(now);
await this.vesting.release(this.token.address); await this.vesting.release(this.token.address);
const balance = await this.token.balanceOf(beneficiary); const balance = await this.token.balanceOf(beneficiary);
const expectedVesting = amount.mul(now - this.start).div(this.end - this.start).floor(); const expectedVesting = amount.mul(now - this.start).div(this.duration).floor();
balance.should.bignumber.equal(expectedVesting); balance.should.bignumber.equal(expectedVesting);
} }
}); });
it('should have released all after end', async function () { it('should have released all after end', async function () {
await increaseTimeTo(this.end); await increaseTimeTo(this.start + this.duration);
await this.vesting.release(this.token.address); await this.vesting.release(this.token.address);
const balance = await this.token.balanceOf(beneficiary); const balance = await this.token.balanceOf(beneficiary);
balance.should.bignumber.equal(amount); balance.should.bignumber.equal(amount);
}); });
it('should be revoked by owner if revocable is set', async function () { it('should be revoked by owner if revocable is set', async function () {
const vesting = await TokenVesting.new(beneficiary, this.cliff, this.end, true, { from: owner } ); const vesting = await TokenVesting.new(beneficiary, this.start, this.cliff, this.duration, true, { from: owner } );
await vesting.revoke(this.token.address, { from: owner }).should.be.fulfilled; await vesting.revoke(this.token.address, { from: owner }).should.be.fulfilled;
}); });
it('should fail to be revoked by owner if revocable not set', async function () { it('should fail to be revoked by owner if revocable not set', async function () {
const vesting = await TokenVesting.new(beneficiary, this.cliff, this.end, false, { from: owner } ); const vesting = await TokenVesting.new(beneficiary, this.start, this.cliff, this.duration, false, { from: owner } );
await vesting.revoke(this.token.address, { from: owner }).should.be.rejectedWith(EVMThrow); await vesting.revoke(this.token.address, { from: owner }).should.be.rejectedWith(EVMThrow);
}); });
it('should return the non-vested tokens when revoked by owner', async function () { it('should return the non-vested tokens when revoked by owner', async function () {
await increaseTimeTo(this.cliff + duration.weeks(1)); await increaseTimeTo(this.start + this.cliff + duration.weeks(1));
await this.vesting.release(this.token.address); await this.vesting.release(this.token.address);
const vested = await this.vesting.vestedAmount(this.token.address); const vested = await this.vesting.vestedAmount(this.token.address);
@ -95,7 +94,7 @@ contract('TokenVesting', function ([_, owner, beneficiary]) {
}); });
it('should keep the vested tokens when revoked by owner', async function () { it('should keep the vested tokens when revoked by owner', async function () {
await increaseTimeTo(this.cliff + duration.weeks(1)); await increaseTimeTo(this.start + this.cliff + duration.weeks(1));
await this.vesting.release(this.token.address); await this.vesting.release(this.token.address);
const vested = await this.vesting.vestedAmount(this.token.address); const vested = await this.vesting.vestedAmount(this.token.address);

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