Baseline bug fix (FIP-0081)

actors/market/src/ext.rs

@@ -162,5 +162,7 @@ pub mod power {
         pub quality_adj_power: StoragePower,
         pub pledge_collateral: TokenAmount,
         pub quality_adj_power_smoothed: FilterEstimate,
+        pub ramp_start_epoch: i64,
+        pub ramp_duration_epochs: u64,
     }
 }

actors/market/tests/harness.rs

@@ -1150,6 +1150,9 @@ pub fn expect_query_network_info(rt: &MockRuntime) {
         quality_adj_power: power.clone(),
         pledge_collateral: TokenAmount::default(),
         quality_adj_power_smoothed: FilterEstimate::new(reward.atto().clone(), BigInt::zero()),
+        // TODO: flagging that this was set to zero, but this wouldn't be the actual return from the function
+        ramp_start_epoch: 0,
+        ramp_duration_epochs: 0,
     };
     let current_reward = ThisEpochRewardReturn {
         this_epoch_baseline_power: power,

actors/miner/src/ext.rs

@@ -101,6 +101,8 @@ pub mod power {
         pub quality_adj_power: StoragePower,
         pub pledge_collateral: TokenAmount,
         pub quality_adj_power_smoothed: FilterEstimate,
+        pub ramp_start_epoch: i64,
+        pub ramp_duration_epochs: u64,
     }
     #[derive(Serialize_tuple, Deserialize_tuple)]
     pub struct EnrollCronEventParams {

actors/miner/src/lib.rs

@@ -817,6 +817,8 @@ impl Actor {
             network_baseline: rew.this_epoch_baseline_power,
             circulating_supply,
             epoch_reward: rew.this_epoch_reward_smoothed,
+            epochs_since_ramp_start: rt.curr_epoch() - pwr.ramp_start_epoch,
+            ramp_duration_epochs: pwr.ramp_duration_epochs,
         };
 
         /*
@@ -1908,6 +1910,8 @@ impl Actor {
             network_baseline: rew.this_epoch_baseline_power,
             circulating_supply,
             epoch_reward: rew.this_epoch_reward_smoothed,
+            epochs_since_ramp_start: rt.curr_epoch() - pwr.ramp_start_epoch,
+            ramp_duration_epochs: pwr.ramp_duration_epochs,
         };
         activate_new_sector_infos(
             rt,
@@ -1981,6 +1985,8 @@ impl Actor {
             network_baseline: params.reward_baseline_power,
             circulating_supply: rt.total_fil_circ_supply(),
             epoch_reward: params.reward_smoothed,
+            epochs_since_ramp_start: 0,
+            ramp_duration_epochs: 0,
         };
         activate_new_sector_infos(
             rt,
@@ -2093,6 +2099,8 @@ impl Actor {
             network_baseline: rew.this_epoch_baseline_power,
             circulating_supply,
             epoch_reward: rew.this_epoch_reward_smoothed,
+            epochs_since_ramp_start: rt.curr_epoch() - pwr.ramp_start_epoch,
+            ramp_duration_epochs: pwr.ramp_duration_epochs,
         };
 
         let sector_day_reward = expected_reward_for_power(
@@ -2115,6 +2123,8 @@ impl Actor {
             &pledge_inputs.epoch_reward,
             &pledge_inputs.network_qap,
             &pledge_inputs.circulating_supply,
+            pledge_inputs.epochs_since_ramp_start,
+            pledge_inputs.ramp_duration_epochs,
         );
 
         let sectors_to_add = valid_sectors
@@ -4116,6 +4126,8 @@ where
         network_baseline: rew.this_epoch_baseline_power,
         circulating_supply,
         epoch_reward: rew.this_epoch_reward_smoothed,
+        epochs_since_ramp_start: rt.curr_epoch() - pow.ramp_start_epoch,
+        ramp_duration_epochs: pow.ramp_duration_epochs,
     };
     let mut power_delta = PowerPair::zero();
     let mut pledge_delta = TokenAmount::zero();
@@ -4307,6 +4319,8 @@ fn update_existing_sector_info(
             &pledge_inputs.epoch_reward,
             &pledge_inputs.network_qap,
             &pledge_inputs.circulating_supply,
+            pledge_inputs.epochs_since_ramp_start,
+            pledge_inputs.ramp_duration_epochs,
         ),
     );
     new_sector_info
@@ -5546,6 +5560,8 @@ fn activate_new_sector_infos(
                 &pledge_inputs.epoch_reward,
                 &pledge_inputs.network_qap,
                 &pledge_inputs.circulating_supply,
+                pledge_inputs.epochs_since_ramp_start,
+                pledge_inputs.ramp_duration_epochs,
             );
 
             deposit_to_unlock += pci.pre_commit_deposit.clone();
@@ -5958,6 +5974,8 @@ struct NetworkPledgeInputs {
     pub network_baseline: StoragePower,
     pub circulating_supply: TokenAmount,
     pub epoch_reward: FilterEstimate,
+    pub epochs_since_ramp_start: i64,
+    pub ramp_duration_epochs: u64,
 }
 
 // Note: probably better to push this one level down into state

actors/miner/src/monies.rs

@@ -75,6 +75,8 @@ pub const TERMINATION_LIFETIME_CAP: ChainEpoch = 140;
 // Multiplier of whole per-winner rewards for a consensus fault penalty.
 const CONSENSUS_FAULT_FACTOR: u64 = 5;
 
+const FIXED_POINT_FACTOR: u64 = 1000; // 3 decimal places
+
 /// The projected block reward a sector would earn over some period.
 /// Also known as "BR(t)".
 /// BR(t) = ProjectedRewardFraction(t) * SectorQualityAdjustedPower
@@ -255,6 +257,8 @@ pub fn initial_pledge_for_power(
     reward_estimate: &FilterEstimate,
     network_qa_power_estimate: &FilterEstimate,
     circulating_supply: &TokenAmount,
+    epochs_since_ramp_start: i64,
+    ramp_duration_epochs: u64,
 ) -> TokenAmount {
     let ip_base = expected_reward_for_power_clamped_at_atto_fil(
         reward_estimate,
@@ -267,10 +271,32 @@ pub fn initial_pledge_for_power(
     let lock_target_denom = LOCK_TARGET_FACTOR_DENOM;
     let pledge_share_num = qa_power;
     let network_qa_power = network_qa_power_estimate.estimate();
-    let pledge_share_denom = cmp::max(cmp::max(&network_qa_power, baseline_power), qa_power);
+
+    // Once FIP-0081 has fully activated, additional pledge will be 70% baseline
+    // pledge + 30% simple pledge.
+    const FIP_0081_ACTIVATION_PERMILLE: i64 = 300;
+    // gamma = 1000 - 300 * (epochs_since_ramp_start / ramp_duration_epochs).max(0).min(1)
+    let skew = ((epochs_since_ramp_start * FIP_0081_ACTIVATION_PERMILLE)
+        / ramp_duration_epochs.max(1) as i64)
+        .max(0)
+        .min(FIP_0081_ACTIVATION_PERMILLE) as u64;
+    let gamma = FIXED_POINT_FACTOR - skew;
+
     let additional_ip_num = lock_target_num * pledge_share_num;
-    let additional_ip_denom = pledge_share_denom * lock_target_denom;
-    let additional_ip = additional_ip_num.div_floor(&additional_ip_denom);
+
+    let pledge_share_denom_baseline =
+        cmp::max(cmp::max(&network_qa_power, baseline_power), qa_power);
+    let pledge_share_denom_simple = cmp::max(&network_qa_power, qa_power);
+
+    let additional_ip_denom_baseline = pledge_share_denom_baseline * lock_target_denom;
+    let additional_ip_baseline = additional_ip_num.div_floor(&additional_ip_denom_baseline);
+    let additional_ip_denom_simple = pledge_share_denom_simple * lock_target_denom;
+    let additional_ip_simple = additional_ip_num.div_floor(&additional_ip_denom_simple);
+
+    // convex combination of simple and baseline pledge
+    let additional_ip = (additional_ip_baseline * gamma
+        + additional_ip_simple * (FIXED_POINT_FACTOR - gamma))
+        / FIXED_POINT_FACTOR;
 
     let nominal_pledge = ip_base + TokenAmount::from_atto(additional_ip);
     let pledge_cap = TokenAmount::from_atto(INITIAL_PLEDGE_MAX_PER_BYTE.atto() * qa_power);

actors/miner/tests/aggregate_prove_commit.rs

@@ -100,6 +100,9 @@ fn valid_precommits_then_aggregate_provecommit() {
         &actor.epoch_reward_smooth,
         &actor.epoch_qa_power_smooth,
         &rt.total_fil_circ_supply(),
+        // NOTE: zero inputs here preserve the original pledge functionality
+        0,
+        0,
     );
     let ten_sectors_initial_pledge = BigInt::from(10i32) * expected_initial_pledge.clone();
     assert_eq!(ten_sectors_initial_pledge, st.initial_pledge);

actors/miner/tests/precommit_deposit_and_initial_pledge_positive_test.rs

@@ -38,10 +38,68 @@ fn initial_pledge_clamped_at_one_attofil() {
         &reward_estimate(),
         &power_estimate(),
         &circulating_supply(),
+        // NOTE: setting this to zero preserves the original pledge definition (before baseline bug fix)
+        //       so these inputs configure the function to return the original pledge
+        0,
+        0,
     );
     assert_eq!(TokenAmount::from_atto(1), initial_pledge);
 }
 
+// Pre-ramp where 'baseline power' dominates
+#[test]
+fn initial_pledge_pre_ramp() {
+    let initial_pledge = initial_pledge_for_power(
+        &qa_sector_power(),
+        &StoragePower::from(1u64 << 37),
+        &reward_estimate(),
+        &power_estimate(),
+        &TokenAmount::from_whole(1),
+        0,
+        100,
+    );
+    assert_eq!(
+        TokenAmount::from_atto(1) + TokenAmount::from_whole(1500).div_floor(10000),
+        initial_pledge
+    );
+}
+
+// Post-ramp where 'baseline power' has reduced effect (70%).
+#[test]
+fn initial_pledge_on_ramp() {
+    let initial_pledge = initial_pledge_for_power(
+        &qa_sector_power(),
+        &StoragePower::from(1u64 << 37),
+        &reward_estimate(),
+        &power_estimate(),
+        &TokenAmount::from_whole(1),
+        50,
+        100,
+    );
+    assert_eq!(
+        TokenAmount::from_atto(1) + TokenAmount::from_whole(1725).div_floor(10000),
+        initial_pledge
+    );
+}
+
+// Post-ramp where 'baseline power' has reduced effect (70%).
+#[test]
+fn initial_pledge_post_ramp() {
+    let initial_pledge = initial_pledge_for_power(
+        &qa_sector_power(),
+        &StoragePower::from(1u64 << 37),
+        &reward_estimate(),
+        &power_estimate(),
+        &TokenAmount::from_whole(1),
+        500,
+        100,
+    );
+    assert_eq!(
+        TokenAmount::from_atto(1) + TokenAmount::from_whole(1950).div_floor(10000),
+        initial_pledge
+    );
+}
+
 #[test]
 fn precommit_deposit_is_clamped_at_one_attofil() {
     let precommit_deposit =

actors/miner/tests/util.rs

@@ -769,6 +769,8 @@ impl ActorHarness {
             quality_adj_power: self.network_qa_power.clone(),
             pledge_collateral: self.network_pledge.clone(),
             quality_adj_power_smoothed: self.epoch_qa_power_smooth.clone(),
+            ramp_start_epoch: 0,
+            ramp_duration_epochs: 0,
         };
         let current_reward = ThisEpochRewardReturn {
             this_epoch_baseline_power: self.baseline_power.clone(),
@@ -2335,6 +2337,8 @@ impl ActorHarness {
             &self.epoch_reward_smooth,
             &self.epoch_qa_power_smooth,
             &rt.total_fil_circ_supply(),
+            0,
+            0,
         )
     }
 

actors/power/src/lib.rs

@@ -267,6 +267,8 @@ impl Actor {
             quality_adj_power: st.this_epoch_quality_adj_power,
             pledge_collateral: st.this_epoch_pledge_collateral,
             quality_adj_power_smoothed: st.this_epoch_qa_power_smoothed,
+            ramp_start_epoch: st.ramp_start_epoch,
+            ramp_duration_epochs: st.ramp_duration_epochs,
         })
     }
 

actors/power/src/state.rs

@@ -68,6 +68,9 @@ pub struct State {
     /// Number of miners having proven the minimum consensus power.
     pub miner_above_min_power_count: i64,
 
+    pub ramp_start_epoch: i64,
+    pub ramp_duration_epochs: u64,
+
     /// A queue of events to be triggered by cron, indexed by epoch.
     pub cron_event_queue: Cid, // Multimap, (HAMT[ChainEpoch]AMT[CronEvent]
 

actors/power/src/types.rs

@@ -68,6 +68,8 @@ pub struct CurrentTotalPowerReturn {
     pub quality_adj_power: StoragePower,
     pub pledge_collateral: TokenAmount,
     pub quality_adj_power_smoothed: FilterEstimate,
+    pub ramp_start_epoch: i64,
+    pub ramp_duration_epochs: u64,
 }
 
 #[derive(Serialize_tuple, Deserialize_tuple, Debug, Clone, Eq, PartialEq)]