System & Architecture
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System & Architecture

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Common User Flow Sequence Diagrams

LineOfCredit + Spigot + Escrow = SecuredLine

classDiagram

direction RL

SecuredLine <|-- EscrowedLine
SecuredLine <|-- SpigotedLine
EscrowedLine <|--  LineOfCredit

SpigotedLine <|-- LineOfCredit

SecuredLine ..> LineLib

Escrow *.. EscrowState : Struct

Credit ..* LineOfCredit: Struct

class EscrowedLine {

		<<EscrowedLine.sol>>
    
		+IEscrow escrow

    -_init()
    -_healthcheck()
    -_liquidate()
    -_canDeclareInsolvent()
    -_rollover()
}

class LineOfCredit {

    <<LineOfCredit.sol>>

	  -uint256 count

    +uint256 deadline
    +address borrower
    +address arbiter
    +IOracle oracle
		+InterestRateCredit interestRate
    +bytes32[] ids
    +mapping[bytes32 ->Credit] credits
    +LineLib.STATUS status

		-_init()
		-_healthcheck()
		_canDeclareInsolvent()
		-_updateOutstandingDebt()
		-_accrue()
    -_updateStatus()
    -_createCredit()
    -_repay()
    -_close()
    -_sortIntoQ()

    + [ anyone ] init()
    + [ anyone ] depositAndRepay()
		+ [ anyone ] healthcheck()
    + [ anyone ] stepQ()
    + [ anyone ] updateOutstandingDebt() 
		+ [ anyone ] counts()
    + [ anyone ] accruteInterest()
    + [ anyone ] available()
    + [ anyone ] interestAccrued()
    + [ anyone ] nextInQ()
    + [ lender ] withdraw()
    + [ borrower | Lender ] addCredit()
	  + [ borrower | Lender ] setRates()
    + [ borrower | lender ] close()
    + [ borrower ] depositAndClose()
    + [ borrower ] increaseCredit()
		+ [ borrower ] borrow()
    + [ arbiter ] declareInsolvent()
   
}

class SecuredLine {

    <<SecuredLine.sol>>

    -_init() Linelib.STATUS
    -_healthcheck() LineLib.STATUS
    -_canDeclareInsolvent() bool

    + [ borrower ] rollover() bool
    + [ arbiter ] liquidate() uint256
}

class SpigotedLine {

		<<SpigotedLine.sol>>

    -uint8 MAX_SPLIT
    -mapping[address->uint256] unusedTokens

    +ISpigot spigot
    +uint8 defaultRevenueSplit
    +address swapTarget


    -_init()
    -_canDeclareInsolvent()
    _claimAndTrade()

	  + [ anyone ] tradeable()
    + [ anyone ] unused()
    + [ anyone ] updateOwnerSplit()
    + [ arbiter ] claimAndRepay()
    + [ arbiter ] claimAndTrade()
    + [ arbiter ] addSpigot()
    + [ arbiter ] updateWhitelist()
    + [ arbiter | borrower] releaseSpigot()
    + [ arbiter | borrower ] sweep()
    + [ borrower | lender ] useAndRepay()
}

class Escrow {

    <<Escrow.sol>>

    +uint32 minimumCollateralRatio
    +address oracle
    +address borrower
    -EscrowState state

    + [ anyone ] line()
    + [ anyone ]isLiquidatable()
    + [ anyone ] addCollateral()
    + [ anyone ] getCollateralRatio()
    + [ anyone ] getCollateralValue()
    + [ arbiter ] enableCollateral()
    + [ borrower ] releaseCollateral()
    + [ LineOfCredit ] updateLine()
    + [ LineOfCredit ] liquidate()
}


class EscrowState {

    <<EscrowLib.sol>>

    -address line
    -address[] collateralTokens
    -mapping[address->bool] enabled
    -mapping[address->IEscrow] deposited


}

class LineFactory {

    <<LineFactory.sol>>

    IModuleFactory factory
    uint8 defaultRevenueSplit
    uint8 MAX_SPLIT
    uint32 defaultMinCRatio
    +address arbiter
    +address oracle
    +address swapTarget

    + [ anyone ] deployEscrow()
    + [ anyone ] deploySpigot()
    + [ anyone ] deploySecuredLine()
    + [ anyone ] deploySecuredLineWithConfig()
    + [ anyone ] deploySecuredLineWithModules()
    + [ anyone ] rolloverSecuredLine()
}

class ModuleFactory {

	<<ModuleFactory.sol>>

	+ [ anyone ] deploySpigot()
	+ [ anyone ] deployEscrow()
}

InterestRateCredit *.. LineOfCredit: interestRate

class InterestRateCredit {
	<<InterestRateCredit.sol>>

	-uint256 ONE_YEAR
	-uint256 BASE_DENOMINATOR
	-uint256 INTEREST_DENOMINATOR
	-address lineContract
	+mapping[bytes32->Rate] rates

	-_accrueInterest()
	-_calculateInterestOwed()

	+ [ LineOfCredit ] accrueInterest()
	+ [ LineOfCredit ] setRate()
}

class Rate {

	<<IInterestRateCredit.sol>>

	uint128 dRate
	uint128 fRate
	uint256 lastAccrued
}

Rate .. InterestRateCredit: Struct

class Credit {

    <<ILineOfCredit.sol>>

    +uint256 deposit
    +uint256 principal
    +uint256 interestAccrued
    +uint256 interestRepaid
    +uint8 decimals
    +address token
    +address lender
    bool isOpen
}






class LineLib {

    <<LineLib.sol>>

    +address WETH

	  -_safeTransferFunds()
    
		+ [ anyone ] sendOutTokenOrETH()
    + [ anyone ] receiveTokenOrETH()
    + [ anyone ] getBalance()

}



EscrowLib <|-- Escrow

class EscrowLib {

    <<EscrowLib.sol>>

    uint256 MAX_INT

    -_getLatestCollateralRatio()
    -_getCollateralValue()
    + [ anyone ] addCollateral()
    + [ anyone ] getCollateralRatio()
    + [ anyone ] getCollateralValue()
    + [ anyone ] isLiquidatable()
	    + [ arbiter ] enableCollateral()
    + [ borrower ] releaseCollateral()
    + [ LineOfCredit ] liquidate() 
    + [ LineOfCredit ] updateLine()


}

class Oracle {
	<<Oracle.sol>>

	FeedRegistryInterface registry
	int256 NULL_PRICE
	uint8 PRICE_DECIMALS
	uint256 MAX_PRICE_LATENCY

	+ [ anyone ] getLatestAnswer()
	+ [ anyone ] _getLatestAnswer()

}

class Spigot {
	<<Spigot.sol>>

	SpigotState state
	
	+ [ anyone ] owner()
	+ [ anyone ] operator()
	+ [ anyone ] claimRevenue()
	+ [ anyone ] getOwnerTokens()
	+ [ anyone ] getOperatorTokens()
	+ [ anyone ] isWhitelisted()
	+ [ anyone ] getSetting()

	+ [ owner [LineOfCredit] ] claimOwnerTokens()
	+ [ owner [LineOfCredit] ] addspigot()
	+ [ owner [LineOfcredit] ] removeSpigot()
	+ [ owner [LineOfcredit] ] updateOwnerSplit()
	+ [ owner [LineOfcredit] ] updateOwner()
	+ [ owner [LineOfcredit] ] updateWhitelistedFunction()

	+ [ operator [Borrower] ] claimOperatorTokens()
	+ [ operator [Borrower] ] operate()

	+ [ operator | owner ] updateOperator()


}

class SpigotState {
	<<ISpigot.sol>>

	uint8 ownerSplit
	bytes4 claimFunction
	bytes4 transferOwnerFunction
}

Spigot *.. SpigotState : Struct

class CreditLib {
	<<CreditLib.sol>>

	+ [ anyone ] computeId()
	+ [ anyone ] getOutstandingDebt()
	+ [ anyone ] calculateValue()
	+ [ anyone ] create()
	+ [ anyone ] repay()
	+ [ anyone ] withdraw()
	+ [ anyone ]  accrue()
}

CreditLib <|-- LineOfCredit

EscrowLib <|-- CreditLib

class CreditListLib {
	<<CreditListLib.sol>>

	+removePosition()
	+stepQ()

}

CreditListLib <|-- LineOfCredit

class LineFactoryLib {

	<<LineFactoryLib.sol>>

	+transferModulesToLine()
	+deploySecuredLine()
}

LineFactory --|> LineFactoryLib

LineLib <|-- LineOfCredit

LineLib <|-- EscrowLib

LineLib <|-- SpigotedLineLib

class MutualConsent {

	<<MutualConstent.sol>>

	MAX_DATA_LENGTH_BYTES
	MIN_DATA_LENGTH_BYTES

	+revokeConsent()
	-_mutualConsent()
	-_getNonCaller()
	
}

LineOfCredit <|-- MutualConsent

class SpigotedLineLib {
	<<SpigotedLineLib.sol>>

	MAX_SPLIT

	+claimAndTrade()
	+trade()
	+rollover()
	+canDeclareInsolvent()
	+updateSplit()
	+releaseSpigot()
	+sweep()
}

SpigotedLineLib <|-- SecuredLine
SpigotedLineLib <|-- SpigotedLine

Pools

classDiagram

class DebtDAOPool {
  >>Interfaces>>
  ERC4626
  ERC3156
  ERC2612
  >>Pool State>>
  name       'Debt DAO Pool - Credit Coop DAI'
  symbol     'ddpDAI-CCOOP'
	ASSET       DAI		
	Fees				performance, deposit, withdraw, flash, collector, referral																				
}
class SecuredLine {
  >>Interfaces>>
	ILineOfCredit
	ISecuredLine
  >>State>>
	credits - lender, token, deposit, principal, interestAccrued, interestRepaid, isOpen
	deadline 
	Spigot
}

PoolDepositor --> PoolDelegate : trusts
PoolDelegate : Professional Credit Investor
PoolDepositor: Yield Farmers
PoolDepositor: Normies

PoolDepositor --> DebtDAOPool : deposits
PoolDelegate --> DebtDAOPool : owns
<<Actor>> PoolDelegate
<<Actor>> PoolDepositor

DebtDAOPool --> SecuredLine: invests
DebtDAOPool --> SecuredLine: borrows
DebtDAOPool --> SecuredLine: repays
Spigot --> DebtDAOPool: rev_recipient
DebtDAOPool --> Spigot: revenue
PoolDelegate --> SecuredLine: repays
Spigot --> SecuredLine: repays

Ecosystem Participants

Collector --> DebtDAOPool: collect_interest()
DebtDAOPool --> Collector: revenue 

Referrer --> PoolDepositor: refers
DebtDAOPool --> Referrer: revenue

Snitch --> PoolDelegate: snitches on
Snitch --> DebtDAOPool: impair()/divest_vault()/emergency_repay()
DebtDAOPool --> Snitch: snitch rewards
DebtDAOPool --> PoolDelegate: liquidate first_loss_pool
Snitch --> Snitch: mev_auction_battles

Borrower

flowchart

A[Borrow] --> B[Earn revenue]
B --> C{TTL Expires}
C-->|YES| D[Arbiter Liquidates]
C-->|NO| E{Principal Repaid}
E-->|NO| B
E-->|YES| F[Close]

CRM API

Frontend App

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Product Docs

Borrower FAQ

Lender FAQ