add inner bounds

proto/stride/stakeibc/host_zone.proto

@@ -52,6 +52,16 @@ message HostZone {
     (gogoproto.customtype) = "github.com/cosmos/cosmos-sdk/types.Dec",
     (gogoproto.nullable) = false
   ];
+  string min_inner_redemption_rate = 28 [
+    (cosmos_proto.scalar) = "cosmos.Dec",
+    (gogoproto.customtype) = "github.com/cosmos/cosmos-sdk/types.Dec",
+    (gogoproto.nullable) = false
+  ];
+  string max_inner_redemption_rate = 29 [
+    (cosmos_proto.scalar) = "cosmos.Dec",
+    (gogoproto.customtype) = "github.com/cosmos/cosmos-sdk/types.Dec",
+    (gogoproto.nullable) = false
+  ];
   bool lsm_liquid_stake_enabled = 27;
   bool halted = 19;
   reserved 4, 5, 6, 7, 14, 15, 16;

proto/stride/stakeibc/tx.proto

@@ -28,8 +28,27 @@ service Msg {
   rpc UpdateValidatorSharesExchRate(MsgUpdateValidatorSharesExchRate)
       returns (MsgUpdateValidatorSharesExchRateResponse);
   rpc ClearBalance(MsgClearBalance) returns (MsgClearBalanceResponse);
+  rpc UpdateInnerRedemptionRateBounds(MsgUpdateInnerRedemptionRateBounds)
+      returns (MsgUpdateInnerRedemptionRateBoundsResponse);
 }
 
+message MsgUpdateInnerRedemptionRateBounds {
+  string creator = 1;
+  string chain_id = 2;
+  string min_inner_redemption_rate = 3 [
+    (cosmos_proto.scalar) = "cosmos.Dec",
+    (gogoproto.customtype) = "github.com/cosmos/cosmos-sdk/types.Dec",
+    (gogoproto.nullable) = false
+  ];
+  string max_inner_redemption_rate = 4 [
+    (cosmos_proto.scalar) = "cosmos.Dec",
+    (gogoproto.customtype) = "github.com/cosmos/cosmos-sdk/types.Dec",
+    (gogoproto.nullable) = false
+  ];
+}
+
+message MsgUpdateInnerRedemptionRateBoundsResponse {}
+
 message MsgLiquidStake {
   string creator = 1;
   string amount = 2 [

x/stakeibc/client/cli/tx.go

@@ -36,6 +36,7 @@ func GetTxCmd() *cobra.Command {
 	cmd.AddCommand(CmdRestoreInterchainAccount())
 	cmd.AddCommand(CmdUpdateValidatorSharesExchRate())
 	cmd.AddCommand(CmdClearBalance())
+	cmd.AddCommand(CmdUpdateInnerRedemptionRateBounds())
 
 	return cmd
 }

x/stakeibc/client/cli/tx_update_inner_redemption_rate_bounds.go

@@ -0,0 +1,44 @@
+package cli
+
+import (
+	"github.com/cosmos/cosmos-sdk/client"
+	"github.com/cosmos/cosmos-sdk/client/flags"
+	"github.com/cosmos/cosmos-sdk/client/tx"
+	sdk "github.com/cosmos/cosmos-sdk/types"
+	"github.com/spf13/cobra"
+
+	"github.com/Stride-Labs/stride/v14/x/stakeibc/types"
+)
+
+func CmdUpdateInnerRedemptionRateBounds() *cobra.Command {
+	cmd := &cobra.Command{
+		Use:   "update-tight-bounds [chainid] [min-bound] [max-bound]",
+		Short: "Broadcast message update-tight-bounds",
+		Args:  cobra.ExactArgs(2),
+		RunE: func(cmd *cobra.Command, args []string) (err error) {
+			argChainId := args[0]
+			minInnerRedemptionRate := sdk.MustNewDecFromStr(args[1])
+			maxInnerRedemptionRate := sdk.MustNewDecFromStr(args[2])
+
+			clientCtx, err := client.GetClientTxContext(cmd)
+			if err != nil {
+				return err
+			}
+
+			msg := types.NewMsgUpdateInnerRedemptionRateBounds(
+				clientCtx.GetFromAddress().String(),
+				argChainId,
+				minInnerRedemptionRate,
+				maxInnerRedemptionRate,
+			)
+			if err := msg.ValidateBasic(); err != nil {
+				return err
+			}
+			return tx.GenerateOrBroadcastTxCLI(clientCtx, cmd.Flags(), msg)
+		},
+	}
+
+	flags.AddTxFlagsToCmd(cmd)
+
+	return cmd
+}

x/stakeibc/handler.go

@@ -58,6 +58,9 @@ func NewMessageHandler(k keeper.Keeper) sdk.Handler {
 		case *types.MsgUpdateValidatorSharesExchRate:
 			res, err := msgServer.UpdateValidatorSharesExchRate(sdk.WrapSDKContext(ctx), msg)
 			return sdk.WrapServiceResult(ctx, res, err)
+		case *types.MsgUpdateInnerRedemptionRateBounds:
+			res, err := msgServer.UpdateInnerRedemptionRateBounds(sdk.WrapSDKContext(ctx), msg)
+			return sdk.WrapServiceResult(ctx, res, err)
 		default:
 			errMsg := fmt.Sprintf("unrecognized %s message type: %T", types.ModuleName, msg)
 			return nil, errorsmod.Wrap(sdkerrors.ErrUnknownRequest, errMsg)

x/stakeibc/keeper/host_zone_test.go

@@ -23,6 +23,8 @@ func createNHostZone(keeper *keeper.Keeper, ctx sdk.Context, n int) []types.Host
 		items[i].LastRedemptionRate = sdk.NewDec(1)
 		items[i].MinRedemptionRate = sdk.NewDecWithPrec(5, 1)
 		items[i].MaxRedemptionRate = sdk.NewDecWithPrec(15, 1)
+		items[i].MinInnerRedemptionRate = sdk.NewDecWithPrec(5, 1)
+		items[i].MaxInnerRedemptionRate = sdk.NewDecWithPrec(15, 1)
 		items[i].TotalDelegations = sdkmath.ZeroInt()
 		keeper.SetHostZone(ctx, items[i])
 	}

x/stakeibc/keeper/keeper.go

@@ -254,6 +254,33 @@ func (k Keeper) GetICATimeoutNanos(ctx sdk.Context, epochType string) (uint64, e
 
 // safety check: ensure the redemption rate is NOT below our min safety threshold && NOT above our max safety threshold on host zone
 func (k Keeper) IsRedemptionRateWithinSafetyBounds(ctx sdk.Context, zone types.HostZone) (bool, error) {
+	// Get the wide bounds
+	minSafetyThreshold, maxSafetyThreshold := k.GetOuterSafetyBounds(ctx, zone)
+
+	redemptionRate := zone.RedemptionRate
+
+	if redemptionRate.LT(minSafetyThreshold) || redemptionRate.GT(maxSafetyThreshold) {
+		errMsg := fmt.Sprintf("IsRedemptionRateWithinSafetyBounds check failed %s is outside safety bounds [%s, %s]", redemptionRate.String(), minSafetyThreshold.String(), maxSafetyThreshold.String())
+		k.Logger(ctx).Error(errMsg)
+		return false, errorsmod.Wrapf(types.ErrRedemptionRateOutsideSafetyBounds, errMsg)
+	}
+
+	// Verify the redemption rate is within the inner safety bounds
+	// The inner safety bounds should always be within the safety bounds, but
+	// the redundancy above is cheap.
+	// There is also one scenario where the outer bounds go within the inner bounds - if they're updated as part of a param change proposal.
+	minInnerSafetyThreshold, maxInnerSafetyThreshold := k.GetInnerSafetyBounds(ctx, zone)
+	if redemptionRate.LT(minInnerSafetyThreshold) || redemptionRate.GT(maxInnerSafetyThreshold) {
+		errMsg := fmt.Sprintf("IsRedemptionRateWithinSafetyBounds check failed %s is outside inner safety bounds [%s, %s]", redemptionRate.String(), minInnerSafetyThreshold.String(), maxInnerSafetyThreshold.String())
+		k.Logger(ctx).Error(errMsg)
+		return false, errorsmod.Wrapf(types.ErrRedemptionRateOutsideSafetyBounds, errMsg)
+	}
+
+	return true, nil
+}
+
+func (k Keeper) GetOuterSafetyBounds(ctx sdk.Context, zone types.HostZone) (sdk.Dec, sdk.Dec) {
+	// Fetch the wide bounds
 	minSafetyThresholdInt := k.GetParam(ctx, types.KeyDefaultMinRedemptionRateThreshold)
 	minSafetyThreshold := sdk.NewDec(int64(minSafetyThresholdInt)).Quo(sdk.NewDec(100))
 
@@ -268,12 +295,19 @@ func (k Keeper) IsRedemptionRateWithinSafetyBounds(ctx sdk.Context, zone types.H
 		maxSafetyThreshold = zone.MaxRedemptionRate
 	}
 
-	redemptionRate := zone.RedemptionRate
+	return minSafetyThreshold, maxSafetyThreshold
+}
 
-	if redemptionRate.LT(minSafetyThreshold) || redemptionRate.GT(maxSafetyThreshold) {
-		errMsg := fmt.Sprintf("IsRedemptionRateWithinSafetyBounds check failed %s is outside safety bounds [%s, %s]", redemptionRate.String(), minSafetyThreshold.String(), maxSafetyThreshold.String())
-		k.Logger(ctx).Error(errMsg)
-		return false, errorsmod.Wrapf(types.ErrRedemptionRateOutsideSafetyBounds, errMsg)
+func (k Keeper) GetInnerSafetyBounds(ctx sdk.Context, zone types.HostZone) (sdk.Dec, sdk.Dec) {
+	// Fetch the inner bounds
+	minSafetyThreshold, maxSafetyThreshold := k.GetOuterSafetyBounds(ctx, zone)
+
+	if !zone.MinInnerRedemptionRate.IsNil() && zone.MinInnerRedemptionRate.IsPositive() && zone.MinInnerRedemptionRate.GT(minSafetyThreshold) {
+		minSafetyThreshold = zone.MinInnerRedemptionRate
 	}
-	return true, nil
+	if !zone.MaxInnerRedemptionRate.IsNil() && zone.MaxInnerRedemptionRate.IsPositive() && zone.MaxInnerRedemptionRate.LT(maxSafetyThreshold) {
+		maxSafetyThreshold = zone.MaxInnerRedemptionRate
+	}
+
+	return minSafetyThreshold, maxSafetyThreshold
 }

x/stakeibc/keeper/msg_server_register_host_zone.go

@@ -92,13 +92,16 @@ func (k msgServer) RegisterHostZone(goCtx context.Context, msg *types.MsgRegiste
 		HostDenom:         msg.HostDenom,
 		TransferChannelId: msg.TransferChannelId,
 		// Start sharesToTokens rate at 1 upon registration
-		RedemptionRate:        sdk.NewDec(1),
-		LastRedemptionRate:    sdk.NewDec(1),
-		UnbondingPeriod:       msg.UnbondingPeriod,
-		DepositAddress:        depositAddress.String(),
-		MinRedemptionRate:     msg.MinRedemptionRate,
-		MaxRedemptionRate:     msg.MaxRedemptionRate,
-		LsmLiquidStakeEnabled: msg.LsmLiquidStakeEnabled,
+		RedemptionRate:     sdk.NewDec(1),
+		LastRedemptionRate: sdk.NewDec(1),
+		UnbondingPeriod:    msg.UnbondingPeriod,
+		DepositAddress:     depositAddress.String(),
+		MinRedemptionRate:  msg.MinRedemptionRate,
+		MaxRedemptionRate:  msg.MaxRedemptionRate,
+		// Default the inner bounds to the outer bounds
+		MinInnerRedemptionRate: msg.MinRedemptionRate,
+		MaxInnerRedemptionRate: msg.MaxRedemptionRate,
+		LsmLiquidStakeEnabled:  msg.LsmLiquidStakeEnabled,
 	}
 	// write the zone back to the store
 	k.SetHostZone(ctx, zone)

x/stakeibc/keeper/msg_server_update_inner_redemption_rate_bounds.go

@@ -0,0 +1,45 @@
+package keeper
+
+import (
+	"context"
+	"fmt"
+
+	sdk "github.com/cosmos/cosmos-sdk/types"
+
+	"github.com/Stride-Labs/stride/v14/x/stakeibc/types"
+)
+
+func (k msgServer) UpdateInnerRedemptionRateBounds(goCtx context.Context, msg *types.MsgUpdateInnerRedemptionRateBounds) (*types.MsgUpdateInnerRedemptionRateBoundsResponse, error) {
+	ctx := sdk.UnwrapSDKContext(goCtx)
+
+	// Confirm host zone exists
+	zone, found := k.GetHostZone(ctx, msg.ChainId)
+	if !found {
+		k.Logger(ctx).Error(fmt.Sprintf("Host Zone not found: %s", msg.ChainId))
+		return nil, types.ErrInvalidHostZone
+	}
+
+	// Get the wide bounds
+	outerMinSafetyThreshold, outerMaxSafetyThreshold := k.GetOuterSafetyBounds(ctx, zone)
+
+	innerMinSafetyThreshold := msg.MinInnerRedemptionRate
+	innerMaxSafetyThreshold := msg.MaxInnerRedemptionRate
+
+	// Confirm the inner bounds are within the outer bounds
+	if innerMinSafetyThreshold.LT(outerMinSafetyThreshold) {
+		k.Logger(ctx).Error(fmt.Sprintf("Inner min safety threshold (%s) is less than outer min safety threshold (%s)", innerMinSafetyThreshold, outerMinSafetyThreshold))
+		return nil, types.ErrInvalidBounds
+	}
+
+	if innerMaxSafetyThreshold.GT(outerMaxSafetyThreshold) {
+		k.Logger(ctx).Error(fmt.Sprintf("Inner max safety threshold (%s) is greater than outer max safety threshold (%s)", innerMaxSafetyThreshold, outerMaxSafetyThreshold))
+		return nil, types.ErrInvalidBounds
+	}
+
+	// Set the inner bounds on the host zone
+	zone.MinInnerRedemptionRate = innerMinSafetyThreshold
+	zone.MaxInnerRedemptionRate = innerMaxSafetyThreshold
+	k.SetHostZone(ctx, zone)
+
+	return &types.MsgUpdateInnerRedemptionRateBoundsResponse{}, nil
+}

x/stakeibc/keeper/msg_server_update_inner_redemption_rate_bounds_test.go

@@ -0,0 +1 @@
+package keeper

x/stakeibc/types/codec.go

@@ -23,6 +23,7 @@ func RegisterCodec(cdc *codec.LegacyAmino) {
 	cdc.RegisterConcrete(&ToggleLSMProposal{}, "stakeibc/ToggleLSMProposal", nil)
 	cdc.RegisterConcrete(&MsgRestoreInterchainAccount{}, "stakeibc/RestoreInterchainAccount", nil)
 	cdc.RegisterConcrete(&MsgUpdateValidatorSharesExchRate{}, "stakeibc/UpdateValidatorSharesExchRate", nil)
+	cdc.RegisterConcrete(&MsgUpdateInnerRedemptionRateBounds{}, "stakeibc/UpdateInnerRedemptionRateBounds", nil)
 	// this line is used by starport scaffolding # 2
 }
 
@@ -39,6 +40,7 @@ func RegisterInterfaces(registry cdctypes.InterfaceRegistry) {
 		&MsgDeleteValidator{},
 		&MsgRestoreInterchainAccount{},
 		&MsgUpdateValidatorSharesExchRate{},
+		&MsgUpdateInnerRedemptionRateBounds{},
 	)
 
 	registry.RegisterImplementations((*govtypes.Content)(nil),

x/stakeibc/types/errors.go

@@ -56,4 +56,5 @@ var (
 	ErrInvalidValidatorDelegationUpdates   = errorsmod.Register(ModuleName, 1548, "Invalid validator delegation updates")
 	ErrLSMLiquidStakeDisabledForHostZone   = errorsmod.Register(ModuleName, 1549, "LSM liquid stake is disabled for host zone")
 	ErrUnableToRemoveValidator             = errorsmod.Register(ModuleName, 1550, "Unable to remove validator")
+	ErrInvalidBounds                       = errorsmod.Register(ModuleName, 1551, "Invalid safety bounds - inner bounds must be within outer bounds")
 )