stablecoin-evm

Initial Deployment

This is the process for deploying a new proxy and implementation (as opposed to upgrading an existing proxy).

Since the proxy uses delegatecall to forward calls to the implementation, initialization of the contracts becomes a little tricky because we cannot initialize fields in the implementation contract via the constructor. Instead there is an initialize method in the implementation contract, which is publicly available, but can only be called once per proxy.

Deploying the implementation contract

1. Deploy FiatTokenV2_2

2. Initialize the fields in FiatTokenV2_2 via the initialize* methods. The values are not important, but this will stop anyone else initializing the roles and trying to use it as a token or pass it off as a real Circle token.

   initialize(
     "",
     "",
     "",
     0,
     THROWAWAY_ADDRESS,
     THROWAWAY_ADDRESS,
     THROWAWAY_ADDRESS,
     THROWAWAY_ADDRESS
   );
   initializeV2("");
   initializeV2_1(THROWAWAY_ADDRESS);
   initializeV2_2([], "");
   

3. Verify that all fields in the FiatToken have been initialized correctly and have the expected values.

Deploying a Proxy:

1. Obtain addresses for the following contract roles. Ensure that the keys for these addresses are securely stored.

   admin
   masterMinter
   pauser
   blacklister
   owner
   

   For details on what these roles can do, see the Token Design Doc

2. Deploy FiatTokenProxy, passing the address of the deployed implementation contract to the constructor, which will initialize the _implementation field.

3. The admin of the proxy contract defaults to msg.sender. You must either change the admin now, or send the remaining transactions from a different address. The admin can only see methods in the Proxy, any method calls from admin will not be forwarded to the implementation contract. The admin address can be changed by calling changeAdmin. Note that change admin must be called by the current admin.

   changeAdmin(adminAddress)
   

4. Initialize the proxy via the initialize* methods. This call will get forwarded to the implementation contract, but since it is via delegatecall it will run in the context of the Proxy contract, so the fields it is initializing will be stored in the storage of the Proxy. The values passed here are important, especially for the roles that will control the contract.

   initialize(
     tokenName,
     tokenSymbol,
     tokenCurrency,
     tokenDecimals,
     masterMinterAddress,
     pauserAddress,
     blacklisterAddress,
     ownerAddress
   );
   initializeV2(newTokenName);
   initializeV2_1(lostAndFoundAddress);
   initializeV2_2(accountsToBlacklist, newTokenSymbol);
   

5. Verify the fields have been properly initialized. Verification should be performed independently by multiple people to make sure that the contract has been deployed correctly. The following fields should be verified:

   • admin is the expected address
   • implementation is the address of the implementation contract
   • name, symbol, currency and decimals are as expected
   • version is 2
   • owner, masterMinter, pauser, blacklister are the expected addresses
   • totalSupply is 0
   • initialized is true

6. If all verification is successful, the contract is deployed and ready to go. If any verification steps failed, restart the process.

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