Dharma is a protocol for generic tokenized debt issuance and fundraising on blockchains supporting requisite smart contract functionality (i.e. EVM blockchains). For a full description of the protocol's mechanics, a thorough overview can be found in the Dharma Protocol Whitepaper. This repository contains the core contracts that compromise the business logic for issuing and administering debt crypto-assets on-chain.
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Install dependencies:
npm install
Start testrpc:
npm run testrpc
Run truffle tests:
npm test
A wrapper library for all business logic associated with crowdfunding, administering, and pricing-via-auction any loans issued under the Dharma Protocol. Loans inherit logic from RedeemableTokenLib, and, as such, expose standardized logic for redeeming value from loan repayments on a pro-rata basis for debt token holders. Note that this generic logic is exposed in the form of a library, and that no state is stored in the LoanLib.sol.
2. LoanRegistry.sol
This contract functions as a factory for creating debt assets in Dharma Protocol, and, in turn, as a registry and store for state and metadata associated with said assets. The business logic exposed by these assets is inherited from LoanLib.sol.
Implements a superset of the ERC20 token standard's functionality that allows for what we call "redeemable tokens". Redeemable tokens are assets where ownership of a token represents a right to pro rata cash flows that are generated by the asset. As an illustrative example, consider a loan as a redeemable token: if an individual holds X% of the token supply, and a repayment is made to the loan (i.e. the totalValueAccrued is increased by Y), that individual will be able to redeem X% of the totalValueAccrued. This functionality is inherited by LoanLib.sol.
A centrally managed on-chain registry of the above contracts' deployed addresses as corresponding to the protocol's release version. For the time being, this is a (centralized) mechanism for upgrading the protocol contracts.
All of the above contracts use SafeMath.sol as a generic library for safe mathematical operations. The file is part of OpenZeppelin's fantastic libraries.
Boilerplate migration code used by the truffle framework.