// SPDX-License-Identifier: MIT pragma solidity 0.8.23; import "@openzeppelin/contracts/security/ReentrancyGuard.sol"; /** * @title AereSlashingInsurance — delegator slashing-loss coverage vault (native AERE) * @notice A discretion fund that reimburses a portion of the loss a DELEGATOR * suffers when a validator they delegated to is slashed. It custodies * NATIVE AERE only. It is NOT a token: it mints nothing, has no balances * of its own units, and issues no transferable claim on itself. It simply * holds native AERE and can pay some of it out, under strict rules, to a * slashed delegator. * * MECHANICS * 1. Anyone can fund it (permissionless `donate`, or a plain transfer * caught by `receive`). Funds are sticky. * 2. Coverage is a 2-step, timelocked process so a single key cannot * instantly move money: * a. Foundation calls `proposeCoverage(delegator, slashedAmount, * evidenceHash)`. Payout is computed at proposal time as * min(slashedAmount * COVERAGE_BPS / 10000, PER_EVENT_CAP) and * frozen into the claim. A claim becomes executable only after * CLAIM_DELAY. * b. During the delay, ANYONE may `cancelCoverage` a claim they * believe is fraudulent (e.g. a compromised Foundation key * proposing a payout to itself). Cancellation is permissionless. * c. After the delay, `executeCoverage` pays the FROZEN payout to * the FROZEN delegator address. The recipient cannot be * redirected after proposal. * 3. Per-event cap (PER_EVENT_CAP) bounds any single payout; a global * COOLDOWN_SECONDS between executed coverages bounds the drain RATE. * 4. NO admin withdrawal. There is no function that lets the Foundation * (or anyone) pull principal to an arbitrary address. The ONLY outflow * is `executeCoverage` paying the delegator named in a claim that * survived the public delay window. * * TRUST MODEL (same shape as AereInsuranceFund) * - Foundation key compromise alone = NO loss (community cancels the * pending claim during CLAIM_DELAY). * - Foundation key compromise + an undetected full CLAIM_DELAY window * = at most PER_EVENT_CAP per COOLDOWN_SECONDS can be drained. * This is materially weaker than "cannot rug" but materially stronger * than "can rug at will". */ contract AereSlashingInsurance is ReentrancyGuard { /* ------------------------------- immutable ------------------------------ */ address public immutable FOUNDATION; uint16 public immutable COVERAGE_BPS; // fraction of a slash covered, <= 10000 uint256 public immutable PER_EVENT_CAP; // max native AERE paid per coverage uint64 public immutable COOLDOWN_SECONDS; // min seconds between executed coverages uint64 public immutable CLAIM_DELAY; // timelock between propose and execute uint16 public constant BPS_DENOM = 10000; /* --------------------------------- state -------------------------------- */ struct Claim { bool exists; address delegator; // frozen recipient uint256 slashedAmount; // reported loss (informational) uint256 payout; // frozen native AERE payout uint64 readyAt; // executable at/after this timestamp bytes32 evidenceHash; // off-chain evidence pointer (slashing tx / report) } mapping(uint256 => Claim) public claims; uint256 public nextClaimId; uint256 public totalDonated; uint256 public totalCovered; uint64 public lastCoverageAt; /* --------------------------------- events ------------------------------- */ event Donated(address indexed donor, uint256 amount, uint256 newBalance); event CoverageProposed( uint256 indexed claimId, address indexed delegator, uint256 slashedAmount, uint256 payout, uint64 readyAt, bytes32 evidenceHash ); event CoverageCancelled(uint256 indexed claimId, address indexed canceller, string reason); event CoveragePaid(uint256 indexed claimId, address indexed delegator, uint256 payout); /* --------------------------------- errors ------------------------------- */ error NotFoundation(); error ZeroAddress(); error ZeroAmount(); error BadBps(); error NoClaim(); error TimelockNotElapsed(uint64 readyAt); error CooldownActive(uint256 readyAt); error InsufficientBalance(uint256 have, uint256 want); error PayFailed(); /* ------------------------------- modifiers ------------------------------ */ modifier onlyFoundation() { if (msg.sender != FOUNDATION) revert NotFoundation(); _; } /* ------------------------------ constructor ----------------------------- */ constructor( address foundation, uint16 coverageBps, uint256 perEventCap, uint64 cooldownSeconds, uint64 claimDelay ) { if (foundation == address(0)) revert ZeroAddress(); if (coverageBps == 0 || coverageBps > BPS_DENOM) revert BadBps(); if (perEventCap == 0) revert ZeroAmount(); FOUNDATION = foundation; COVERAGE_BPS = coverageBps; PER_EVENT_CAP = perEventCap; COOLDOWN_SECONDS = cooldownSeconds; CLAIM_DELAY = claimDelay; } /* -------------------------------- funding ------------------------------- */ receive() external payable { totalDonated += msg.value; emit Donated(msg.sender, msg.value, address(this).balance); } function donate() external payable { if (msg.value == 0) revert ZeroAmount(); totalDonated += msg.value; emit Donated(msg.sender, msg.value, address(this).balance); } /* ------------------------------- coverage ------------------------------- */ /// @notice Foundation proposes coverage for a slashed delegator. Payout is /// frozen now and only becomes executable after CLAIM_DELAY, during /// which anyone may cancel a suspicious claim. function proposeCoverage(address delegator, uint256 slashedAmount, bytes32 evidenceHash) external onlyFoundation returns (uint256 claimId) { if (delegator == address(0)) revert ZeroAddress(); if (slashedAmount == 0) revert ZeroAmount(); uint256 payout = (slashedAmount * COVERAGE_BPS) / BPS_DENOM; if (payout > PER_EVENT_CAP) payout = PER_EVENT_CAP; if (payout == 0) revert ZeroAmount(); uint64 readyAt = uint64(block.timestamp) + CLAIM_DELAY; claimId = nextClaimId++; claims[claimId] = Claim({ exists: true, delegator: delegator, slashedAmount: slashedAmount, payout: payout, readyAt: readyAt, evidenceHash: evidenceHash }); emit CoverageProposed(claimId, delegator, slashedAmount, payout, readyAt, evidenceHash); } /// @notice Permissionless: cancel a pending claim during its delay window. /// Lets community observers block a fraudulent proposal before it can /// be executed. Foundation can re-propose a legitimate claim. function cancelCoverage(uint256 claimId, string calldata reason) external { if (!claims[claimId].exists) revert NoClaim(); delete claims[claimId]; emit CoverageCancelled(claimId, msg.sender, reason); } /// @notice Execute a matured claim: pay the frozen payout to the frozen /// delegator. Callable by anyone once the timelock has elapsed (the /// recipient and amount are fixed, so a third-party trigger cannot /// redirect funds). Enforces the global cooldown between payouts. function executeCoverage(uint256 claimId) external nonReentrant { Claim memory c = claims[claimId]; if (!c.exists) revert NoClaim(); if (block.timestamp < uint256(c.readyAt)) revert TimelockNotElapsed(c.readyAt); if (lastCoverageAt != 0 && block.timestamp < uint256(lastCoverageAt) + COOLDOWN_SECONDS) { revert CooldownActive(uint256(lastCoverageAt) + COOLDOWN_SECONDS); } uint256 bal = address(this).balance; if (bal < c.payout) revert InsufficientBalance(bal, c.payout); // effects before interaction delete claims[claimId]; totalCovered += c.payout; lastCoverageAt = uint64(block.timestamp); (bool ok, ) = payable(c.delegator).call{value: c.payout}(""); if (!ok) revert PayFailed(); emit CoveragePaid(claimId, c.delegator, c.payout); } /* ---------------------------------- views ------------------------------- */ /// @notice Preview the frozen payout for a given reported slash amount. function coverageFor(uint256 slashedAmount) external view returns (uint256 payout) { payout = (slashedAmount * COVERAGE_BPS) / BPS_DENOM; if (payout > PER_EVENT_CAP) payout = PER_EVENT_CAP; } /// @notice Native AERE currently available to pay coverage. function available() external view returns (uint256) { return address(this).balance; } /// @notice True if the global cooldown permits an execution right now. function cooldownReady() external view returns (bool) { if (lastCoverageAt == 0) return true; return block.timestamp >= uint256(lastCoverageAt) + COOLDOWN_SECONDS; } }