const { expectThrow } = require('../../helpers/expectThrow'); const { EVMRevert } = require('../../helpers/EVMRevert'); const { latestTime } = require('../../helpers/latestTime'); const { increaseTimeTo, duration } = require('../../helpers/increaseTime'); const { ethGetBlock } = require('../../helpers/web3'); const BigNumber = web3.BigNumber; require('chai') .use(require('chai-bignumber')(BigNumber)) .should(); const ERC20Mintable = artifacts.require('ERC20Mintable'); const TokenVesting = artifacts.require('TokenVesting'); contract('TokenVesting', function ([_, owner, beneficiary]) { const amount = new BigNumber(1000); const ZERO_ADDRESS = '0x0000000000000000000000000000000000000000'; beforeEach(async function () { this.start = (await latestTime()) + duration.minutes(1); // +1 minute so it starts after contract instantiation this.cliffDuration = duration.years(1); this.duration = duration.years(2); }); it('rejects a duration shorter than the cliff', async function () { const cliffDuration = this.duration; const duration = this.cliffDuration; cliffDuration.should.be.gt(duration); await expectThrow( TokenVesting.new(beneficiary, this.start, cliffDuration, duration, true, { from: owner }) ); }); it('requires a valid beneficiary', async function () { await expectThrow( TokenVesting.new(ZERO_ADDRESS, this.start, this.cliffDuration, this.duration, true, { from: owner }) ); }); context('once deployed', function () { beforeEach(async function () { this.vesting = await TokenVesting.new( beneficiary, this.start, this.cliffDuration, this.duration, true, { from: owner }); this.token = await ERC20Mintable.new({ from: owner }); await this.token.mint(this.vesting.address, amount, { from: owner }); }); it('can get state', async function () { (await this.vesting.beneficiary()).should.be.equal(beneficiary); (await this.vesting.cliff()).should.be.bignumber.equal(this.start + this.cliffDuration); (await this.vesting.start()).should.be.bignumber.equal(this.start); (await this.vesting.duration()).should.be.bignumber.equal(this.duration); (await this.vesting.revocable()).should.be.equal(true); }); it('cannot be released before cliff', async function () { await expectThrow( this.vesting.release(this.token.address), EVMRevert, ); }); it('can be released after cliff', async function () { await increaseTimeTo(this.start + this.cliffDuration + duration.weeks(1)); await this.vesting.release(this.token.address); }); it('should release proper amount after cliff', async function () { await increaseTimeTo(this.start + this.cliffDuration); const { receipt } = await this.vesting.release(this.token.address); const block = await ethGetBlock(receipt.blockNumber); const releaseTime = block.timestamp; const releasedAmount = amount.mul(releaseTime - this.start).div(this.duration).floor(); (await this.token.balanceOf(beneficiary)).should.bignumber.equal(releasedAmount); (await this.vesting.released(this.token.address)).should.bignumber.equal(releasedAmount); }); it('should linearly release tokens during vesting period', async function () { const vestingPeriod = this.duration - this.cliffDuration; const checkpoints = 4; for (let i = 1; i <= checkpoints; i++) { const now = this.start + this.cliffDuration + i * (vestingPeriod / checkpoints); await increaseTimeTo(now); await this.vesting.release(this.token.address); const expectedVesting = amount.mul(now - this.start).div(this.duration).floor(); (await this.token.balanceOf(beneficiary)).should.bignumber.equal(expectedVesting); (await this.vesting.released(this.token.address)).should.bignumber.equal(expectedVesting); } }); it('should have released all after end', async function () { await increaseTimeTo(this.start + this.duration); await this.vesting.release(this.token.address); (await this.token.balanceOf(beneficiary)).should.bignumber.equal(amount); (await this.vesting.released(this.token.address)).should.bignumber.equal(amount); }); it('should be revoked by owner if revocable is set', async function () { await this.vesting.revoke(this.token.address, { from: owner }); (await this.vesting.revoked(this.token.address)).should.equal(true); }); it('should fail to be revoked by owner if revocable not set', async function () { const vesting = await TokenVesting.new( beneficiary, this.start, this.cliffDuration, this.duration, false, { from: owner } ); await expectThrow( vesting.revoke(this.token.address, { from: owner }), EVMRevert, ); }); it('should return the non-vested tokens when revoked by owner', async function () { await increaseTimeTo(this.start + this.cliffDuration + duration.weeks(12)); const vested = await this.vesting.vestedAmount(this.token.address); await this.vesting.revoke(this.token.address, { from: owner }); (await this.token.balanceOf(owner)).should.bignumber.equal(amount.sub(vested)); }); it('should keep the vested tokens when revoked by owner', async function () { await increaseTimeTo(this.start + this.cliffDuration + duration.weeks(12)); const vestedPre = await this.vesting.vestedAmount(this.token.address); await this.vesting.revoke(this.token.address, { from: owner }); const vestedPost = await this.vesting.vestedAmount(this.token.address); vestedPre.should.bignumber.equal(vestedPost); }); it('should fail to be revoked a second time', async function () { await increaseTimeTo(this.start + this.cliffDuration + duration.weeks(12)); await this.vesting.vestedAmount(this.token.address); await this.vesting.revoke(this.token.address, { from: owner }); await expectThrow( this.vesting.revoke(this.token.address, { from: owner }), EVMRevert, ); }); }); });