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✨ auditor: support non-collateral markets - #815

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✨ auditor: support non-collateral markets#815
patitonar wants to merge 1 commit into
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non-collateral-markets

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@patitonar

@patitonar patitonar commented Aug 10, 2026

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Summary by CodeRabbit

  • New Features

    • Added support for listed markets that cannot be used as collateral.
    • Administrators can designate or update a market’s collateral eligibility.
    • Added configuration support for marking markets as non-collateral.
    • Non-collateral markets remain borrowable, while their debt is included in account calculations.
  • Bug Fixes

    • Updated previews, health factors, liquidity, liquidation, and bad-debt calculations to exclude non-collateral assets appropriately.
    • Prevented non-collateral markets from being incorrectly reported as collateral.
  • Tests

    • Added comprehensive coverage for borrowing, withdrawals, liquidations, upgrades, and preview behavior.

@changeset-bot

changeset-bot Bot commented Aug 10, 2026

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🦋 Changeset detected

Latest commit: ce13b65

The changes in this PR will be included in the next version bump.

This PR includes changesets to release 1 package
Name Type
@exactly/protocol Minor

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coderabbitai Bot commented Aug 10, 2026

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Review Change Stack

Walkthrough

Auditor now supports listed markets that cannot provide collateral. The status affects market entry, liquidity, withdrawal, liquidation, bad-debt handling, periphery previews, deployment configuration, upgrades, and protocol tests.

Changes

Non-collateral market support

Layer / File(s) Summary
Auditor collateral-status rules
contracts/Auditor.sol, test/Auditor.t.sol, test/Protocol.t.sol
MarketData stores nonCollateral. Admins can set the flag during market enablement or through setNonCollateral. Liquidity, entry, liquidation, and bad-debt checks apply the flag.
Periphery calculations and deployment wiring
contracts/periphery/*, deploy/Markets.ts, hardhat.config.ts
Preview calculations exclude non-collateral markets from collateral totals while retaining debt effects. Deployment configuration passes and synchronizes the flag.
Upgrade compatibility
test/AuditorUpgrade.t.sol, test/hardhat/1_auditor.ts
Upgrade tests verify state preservation, legacy getter decoding, market operations, and non-collateral behavior.
Market and verified-account flows
test/Market.t.sol, test/VerifiedMarket.t.sol, test/*Previewer.t.sol, test/DebtManager.t.sol
Tests cover non-collateral deposits, borrowing, withdrawals, liquidation, bad debt, locking, previews, and debt socialization.

Estimated code review effort: 5 (Critical) | ~120 minutes

Merge Risk: 🟠 High · up to ce13b

This change adds support for non-collateral markets, but the current implementation can fail during liquidation after eligible collateral is exhausted and clear debt without consuming remaining non-collateral balances, potentially shifting losses to lenders or protocol earnings. Changing an existing market to non-collateral can also immediately remove collateral value and make positions unliquidatable. The PR is not ready to merge until these recovery and rollout risks are addressed.

Sequence Diagram(s)

sequenceDiagram
  participant Admin
  participant Auditor
  participant Market
  participant Previewer
  Admin->>Auditor: setNonCollateral(market, true)
  Market->>Auditor: request liquidity or liquidation check
  Auditor->>Auditor: exclude collateral and retain debt
  Previewer->>Auditor: read market metadata
  Auditor-->>Previewer: return nonCollateral status
  Previewer-->>Market: return adjusted preview
Loading

Suggested reviewers: cruzdanilo, itofarina

🚥 Pre-merge checks | ✅ 4
✅ Passed checks (4 passed)
Check name Status Explanation
Description Check ✅ Passed Check skipped - CodeRabbit’s high-level summary is enabled.
Title check ✅ Passed The title clearly and concisely summarizes the primary change: adding auditor support for non-collateral markets.
Linked Issues check ✅ Passed Check skipped because no linked issues were found for this pull request.
Out of Scope Changes check ✅ Passed Check skipped because no linked issues were found for this pull request.
✨ Finishing Touches
📝 Generate docstrings
  • Create stacked PR
  • Commit on current branch
🧪 Generate unit tests (beta)
  • Create PR with unit tests
  • Commit unit tests in branch non-collateral-markets
✨ Simplify code
  • Create PR with simplified code
  • Commit simplified code in branch non-collateral-markets

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Actionable comments posted: 2

Caution

Some comments are outside the diff and can’t be posted inline due to platform limitations.

⚠️ Outside diff range comments (1)
test/Protocol.t.sol (1)

630-641: 🎯 Functional Correctness | 🟡 Minor | ⚡ Quick win

Load metadata for collateralMarket.

Line 636 loads metadata for market again. Lines 637-641 value collateralMarket's balance. If the markets use different decimals or adjust factors, the bad-debt assertion calculates incorrect adjusted collateral.

Proposed fix
-      (b.adjustFactor, b.decimals, , , , ) = auditor.markets(market);
+      (b.adjustFactor, b.decimals, , , , ) = auditor.markets(collateralMarket);

ℹ️ Review info
⚙️ Run configuration

Configuration used: Organization UI

Review profile: ASSERTIVE

Plan: Pro Plus

Run ID: 782541f2-ee53-44a7-9913-bbf7b6db3376

📥 Commits

Reviewing files that changed from the base of the PR and between 695096d and 9fd6a42.

📒 Files selected for processing (28)
  • .changeset/brave-otter-glides.md
  • .gas-snapshot
  • contracts/Auditor.sol
  • contracts/periphery/DebtManager.sol
  • contracts/periphery/DebtPreviewer.sol
  • contracts/periphery/DebtRoller.sol
  • contracts/periphery/InstallmentsRouter.sol
  • contracts/periphery/IntegrationPreviewer.sol
  • contracts/periphery/Previewer.sol
  • deploy/Markets.ts
  • hardhat.config.ts
  • test/Auditor.t.sol
  • test/AuditorUpgrade.t.sol
  • test/DebtManager.t.sol
  • test/DebtPreviewer.t.sol
  • test/DebtRoller.t.sol
  • test/InstallmentsRouter.t.sol
  • test/IntegrationPreviewer.t.sol
  • test/Market.t.sol
  • test/Pauser.t.sol
  • test/Previewer.t.sol
  • test/Protocol.t.sol
  • test/RewardsController.t.sol
  • test/VerifiedMarket.t.sol
  • test/hardhat/0_admin.ts
  • test/hardhat/1_auditor.ts
  • test/hardhat/defaultEnv.ts
  • test/hardhat/marketEnv.ts

Comment thread test/AuditorUpgrade.t.sol Outdated
Comment thread test/Market.t.sol

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💡 Codex Review

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Reviewed commit: 9fd6a4276d

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Comment thread deploy/Markets.ts Outdated
Comment thread contracts/Auditor.sol Outdated
Comment thread contracts/Auditor.sol
Comment thread contracts/periphery/DebtManager.sol
@patitonar
patitonar force-pushed the non-collateral-markets branch from 9fd6a42 to d4a2b81 Compare August 10, 2026 19:38

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💡 Codex Review

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Reviewed commit: d4a2b81e02

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Comment thread contracts/periphery/DebtRoller.sol
Comment thread contracts/periphery/Previewer.sol
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codecov Bot commented Aug 10, 2026

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Codecov Report

❌ Patch coverage is 96.66667% with 2 lines in your changes missing coverage. Please review.
✅ Project coverage is 94.78%. Comparing base (4b5fec7) to head (ce13b65).

Files with missing lines Patch % Lines
contracts/periphery/DebtPreviewer.sol 93.75% 2 Missing ⚠️
Additional details and impacted files
@@            Coverage Diff             @@
##             main     #815      +/-   ##
==========================================
- Coverage   94.82%   94.78%   -0.04%     
==========================================
  Files          31       31              
  Lines        2724     2744      +20     
  Branches      457      473      +16     
==========================================
+ Hits         2583     2601      +18     
- Misses        140      142       +2     
  Partials        1        1              

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@patitonar
patitonar force-pushed the non-collateral-markets branch from d4a2b81 to ce13b65 Compare August 25, 2026 19:46

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Reviewed commit: ce13b6524e

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Comment thread contracts/periphery/IntegrationPreviewer.sol

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Actionable comments posted: 4


ℹ️ Review info
⚙️ Run configuration

Configuration used: Organization UI

Review profile: ASSERTIVE

Plan: Pro Plus

Run ID: aac7bf33-b255-4786-baff-9a3d60a7c825

📥 Commits

Reviewing files that changed from the base of the PR and between d4a2b81 and ce13b65.

📒 Files selected for processing (7)
  • .gas-snapshot
  • contracts/Auditor.sol
  • hardhat.config.ts
  • test/Auditor.t.sol
  • test/AuditorUpgrade.t.sol
  • test/Market.t.sol
  • test/Protocol.t.sol

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Comment thread contracts/Auditor.sol
Comment thread contracts/Auditor.sol
Comment thread test/AuditorUpgrade.t.sol
Comment thread test/Protocol.t.sol
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