NFT Dutch Auction
This is the Cairo adaptation (with some modifications) of the Solidity by example NFT Dutch Auction.
Here's how it works:
- The seller of the NFT deploys this contract with a startingPrice.
- The auction lasts for a specified duration.
- The price decreases over time.
- Participants can purchase NFTs at any time as long as the totalSupply has not been reached.
- The auction ends when either the totalSupply is reached or the duration has elapsed.
use starknet::ContractAddress;
#[starknet::interface]
pub trait IERC20<TContractState> {
fn get_name(self: @TContractState) -> felt252;
fn get_symbol(self: @TContractState) -> felt252;
fn get_decimals(self: @TContractState) -> u8;
fn get_total_supply(self: @TContractState) -> felt252;
fn balance_of(self: @TContractState, account: ContractAddress) -> felt252;
fn allowance(
self: @TContractState, owner: ContractAddress, spender: ContractAddress
) -> felt252;
fn transfer(ref self: TContractState, recipient: ContractAddress, amount: felt252);
fn transfer_from(
ref self: TContractState,
sender: ContractAddress,
recipient: ContractAddress,
amount: felt252
);
fn approve(ref self: TContractState, spender: ContractAddress, amount: felt252);
fn increase_allowance(ref self: TContractState, spender: ContractAddress, added_value: felt252);
fn decrease_allowance(
ref self: TContractState, spender: ContractAddress, subtracted_value: felt252
);
}
#[starknet::interface]
trait IERC721<TContractState> {
fn get_name(self: @TContractState) -> felt252;
fn get_symbol(self: @TContractState) -> felt252;
fn get_token_uri(self: @TContractState, token_id: u256) -> felt252;
fn balance_of(self: @TContractState, account: ContractAddress) -> u256;
fn owner_of(self: @TContractState, token_id: u256) -> ContractAddress;
fn get_approved(self: @TContractState, token_id: u256) -> ContractAddress;
fn is_approved_for_all(
self: @TContractState, owner: ContractAddress, operator: ContractAddress
) -> bool;
fn approve(ref self: TContractState, to: ContractAddress, token_id: u256);
fn set_approval_for_all(ref self: TContractState, operator: ContractAddress, approved: bool);
fn transfer_from(
ref self: TContractState, from: ContractAddress, to: ContractAddress, token_id: u256
);
fn mint(ref self: TContractState, to: ContractAddress, token_id: u256);
}
#[starknet::interface]
pub trait INFTDutchAuction<TContractState> {
fn buy(ref self: TContractState, token_id: u256);
fn get_price(self: @TContractState) -> u64;
}
#[starknet::contract]
pub mod NFTDutchAuction {
use super::{IERC20Dispatcher, IERC20DispatcherTrait, IERC721Dispatcher, IERC721DispatcherTrait};
use starknet::{ContractAddress, get_caller_address, get_block_timestamp};
use starknet::storage::{StoragePointerReadAccess, StoragePointerWriteAccess};
#[storage]
struct Storage {
erc20_token: ContractAddress,
erc721_token: ContractAddress,
starting_price: u64,
seller: ContractAddress,
duration: u64,
discount_rate: u64,
start_at: u64,
expires_at: u64,
purchase_count: u128,
total_supply: u128
}
mod Errors {
pub const AUCTION_ENDED: felt252 = 'auction has ended';
pub const LOW_STARTING_PRICE: felt252 = 'low starting price';
pub const INSUFFICIENT_BALANCE: felt252 = 'insufficient balance';
}
#[constructor]
fn constructor(
ref self: ContractState,
erc20_token: ContractAddress,
erc721_token: ContractAddress,
starting_price: u64,
seller: ContractAddress,
duration: u64,
discount_rate: u64,
total_supply: u128
) {
assert(starting_price >= discount_rate * duration, Errors::LOW_STARTING_PRICE);
self.erc20_token.write(erc20_token);
self.erc721_token.write(erc721_token);
self.starting_price.write(starting_price);
self.seller.write(seller);
self.duration.write(duration);
self.discount_rate.write(discount_rate);
self.start_at.write(get_block_timestamp());
self.expires_at.write(get_block_timestamp() + duration * 1000);
self.total_supply.write(total_supply);
}
#[abi(embed_v0)]
impl NFTDutchAuction of super::INFTDutchAuction<ContractState> {
fn get_price(self: @ContractState) -> u64 {
let time_elapsed = (get_block_timestamp() - self.start_at.read())
/ 1000; // Ignore milliseconds
let discount = self.discount_rate.read() * time_elapsed;
self.starting_price.read() - discount
}
fn buy(ref self: ContractState, token_id: u256) {
// Check duration
assert(get_block_timestamp() < self.expires_at.read(), Errors::AUCTION_ENDED);
// Check total supply
assert(self.purchase_count.read() < self.total_supply.read(), Errors::AUCTION_ENDED);
let erc20_dispatcher = IERC20Dispatcher { contract_address: self.erc20_token.read() };
let erc721_dispatcher = IERC721Dispatcher {
contract_address: self.erc721_token.read()
};
let caller = get_caller_address();
// Get NFT price
let price: u256 = self.get_price().into();
let buyer_balance: u256 = erc20_dispatcher.balance_of(caller).into();
// Ensure buyer has enough token for payment
assert(buyer_balance >= price, Errors::INSUFFICIENT_BALANCE);
// Transfer payment token from buyer to seller
erc20_dispatcher.transfer_from(caller, self.seller.read(), price.try_into().unwrap());
// Mint token to buyer's address
erc721_dispatcher.mint(caller, token_id);
// Increase purchase count
self.purchase_count.write(self.purchase_count.read() + 1);
}
}
}