contract DebtAuctionInitialParameterSetter is IncreasingTreasuryReimbursement {
    // --- Variables ---
    // Delay between updates after which the reward starts to increase
    uint256 public updateDelay;
    // Last timestamp when the median was updated
    uint256 public lastUpdateTime;                                              // [unix timestamp]
    // Min amount of protocol tokens that should be offered in the auction
    uint256 public minProtocolTokenAmountOffered;                               // [wad]
    // Premium subtracted from the new amount of protocol tokens to be offered
    uint256 public protocolTokenPremium;                                        // [thousand]
    // Value of the initial debt bid
    uint256 public bidTargetValue;                                              // [wad]
    // Delay between two consecutive updates
    uint256 public bidValueInflationDelay;
    // The target inflation applied to bidTargetValue
    uint256 public bidValueTargetInflation;
    // The last time when inflation was applied to the bid target value
    uint256 public bidValueLastInflationUpdateTime;                             // [unix timestamp]

    // The protocol token oracle
    OracleLike           public protocolTokenOrcl;
    // The system coin oracle
    OracleLike           public systemCoinOrcl;
    // The accounting engine contract
    AccountingEngineLike public accountingEngine;

    // Max inflation per period
    uint256 public constant MAX_INFLATION = 50;

    // --- Events ---
    event SetDebtAuctionInitialParameters(uint256 debtAuctionBidSize, uint256 initialDebtAuctionMintedTokens);

    constructor(
      address protocolTokenOrcl_,
      address systemCoinOrcl_,
      address accountingEngine_,
      address treasury_,
      uint256 updateDelay_,
      uint256 baseUpdateCallerReward_,
      uint256 maxUpdateCallerReward_,
      uint256 perSecondCallerRewardIncrease_,
      uint256 minProtocolTokenAmountOffered_,
      uint256 protocolTokenPremium_,
      uint256 bidTargetValue_
    ) public IncreasingTreasuryReimbursement(treasury_, baseUpdateCallerReward_, maxUpdateCallerReward_, perSecondCallerRewardIncrease_) {
        require(minProtocolTokenAmountOffered_ > 0, "DebtAuctionInitialParameterSetter/null-min-prot-amt");
        require(protocolTokenPremium_ < THOUSAND, "DebtAuctionInitialParameterSetter/invalid-prot-token-premium");
        require(both(both(protocolTokenOrcl_ != address(0), systemCoinOrcl_ != address(0)), accountingEngine_ != address(0)), "DebtAuctionInitialParameterSetter/invalid-contract-address");
        require(updateDelay_ > 0, "DebtAuctionInitialParameterSetter/null-update-delay");
        require(bidTargetValue_ >= HUNDRED, "DebtAuctionInitialParameterSetter/invalid-bid-target-value");

        protocolTokenOrcl               = OracleLike(protocolTokenOrcl_);
        systemCoinOrcl                  = OracleLike(systemCoinOrcl_);
        accountingEngine                = AccountingEngineLike(accountingEngine_);

        minProtocolTokenAmountOffered   = minProtocolTokenAmountOffered_;
        protocolTokenPremium            = protocolTokenPremium_;
        updateDelay                     = updateDelay_;
        bidTargetValue                  = bidTargetValue_;
        bidValueTargetInflation         = 0;
        bidValueInflationDelay          = uint(-1) / 10;
        bidValueLastInflationUpdateTime = now;

        emit ModifyParameters(bytes32("protocolTokenOrcl"), protocolTokenOrcl_);
        emit ModifyParameters(bytes32("systemCoinOrcl"), systemCoinOrcl_);
        emit ModifyParameters(bytes32("accountingEngine"), accountingEngine_);
        emit ModifyParameters(bytes32("bidTargetValue"), bidTargetValue);
        emit ModifyParameters(bytes32("minProtocolTokenAmountOffered"), minProtocolTokenAmountOffered);
        emit ModifyParameters(bytes32("protocolTokenPremium"), protocolTokenPremium);
        emit ModifyParameters(bytes32("updateDelay"), updateDelay);
    }

    // --- Boolean Logic ---
    function both(bool x, bool y) internal pure returns (bool z) {
      assembly{ z := and(x, y)}
    }

    // --- Math ---
    uint internal constant HUNDRED  = 100;
    uint internal constant THOUSAND = 10 ** 3;
    function divide(uint256 x, uint256 y) internal pure returns (uint256 z) {
        require(y > 0, "divide-null-y");
        z = x / y;
        require(z <= x);
    }
    function rpower(uint256 x, uint256 n) internal pure returns (uint256 z) {
        z = n % 2 != 0 ? x : RAY;

        for (n /= 2; n != 0; n /= 2) {
            x = rmultiply(x, x);

            if (n % 2 != 0) {
                z = rmultiply(z, x);
            }
        }
    }

    // --- Administration ---
    /*
    * @notice Modify the address of a contract integrated with this setter
    * @param parameter Name of the contract to set a new address for
    * @param addr The new address
    */
    function modifyParameters(bytes32 parameter, address addr) external isAuthorized {
        require(addr != address(0), "DebtAuctionInitialParameterSetter/null-addr");
        if (parameter == "protocolTokenOrcl") protocolTokenOrcl = OracleLike(addr);
        else if (parameter == "systemCoinOrcl") systemCoinOrcl = OracleLike(addr);
        else if (parameter == "accountingEngine") accountingEngine = AccountingEngineLike(addr);
        else if (parameter == "treasury") {
          require(StabilityFeeTreasuryLike(addr).systemCoin() != address(0), "DebtAuctionInitialParameterSetter/treasury-coin-not-set");
      	  treasury = StabilityFeeTreasuryLike(addr);
        }
        else revert("DebtAuctionInitialParameterSetter/modify-unrecognized-param");
        emit ModifyParameters(parameter, addr);
    }
    /*
    * @notice Modify a uint256 parameter
    * @param parameter Name of the parameter
    * @param addr The new parameter value
    */
    function modifyParameters(bytes32 parameter, uint256 val) external isAuthorized {
        if (parameter == "minProtocolTokenAmountOffered") {
          require(val > 0, "DebtAuctionInitialParameterSetter/null-min-prot-amt");
          minProtocolTokenAmountOffered = val;
        }
        else if (parameter == "protocolTokenPremium") {
          require(val < THOUSAND, "DebtAuctionInitialParameterSetter/invalid-prot-token-premium");
          protocolTokenPremium = val;
        }
        else if (parameter == "baseUpdateCallerReward") {
            require(val <= maxUpdateCallerReward, "DebtAuctionInitialParameterSetter/invalid-base-caller-reward");
            baseUpdateCallerReward = val;
        }
        else if (parameter == "maxUpdateCallerReward") {
          require(val >= baseUpdateCallerReward, "DebtAuctionInitialParameterSetter/invalid-max-reward");
          maxUpdateCallerReward = val;
        }
        else if (parameter == "perSecondCallerRewardIncrease") {
          require(val >= RAY, "DebtAuctionInitialParameterSetter/invalid-reward-increase");
          perSecondCallerRewardIncrease = val;
        }
        else if (parameter == "maxRewardIncreaseDelay") {
          require(val > 0, "DebtAuctionInitialParameterSetter/invalid-max-increase-delay");
          maxRewardIncreaseDelay = val;
        }
        else if (parameter == "updateDelay") {
          require(val > 0, "DebtAuctionInitialParameterSetter/null-update-delay");
          updateDelay = val;
        }
        else if (parameter == "bidTargetValue") {
          require(val >= HUNDRED, "DebtAuctionInitialParameterSetter/invalid-bid-target-value");
          bidTargetValue = val;
        }
        else if (parameter == "lastUpdateTime") {
          require(val > now, "DebtAuctionInitialParameterSetter/invalid-last-update-time");
          lastUpdateTime = val;
        }
        else if (parameter == "bidValueLastInflationUpdateTime") {
          require(both(val >= bidValueLastInflationUpdateTime, val <= now), "DebtAuctionInitialParameterSetter/invalid-bid-inflation-update-time");
          bidValueLastInflationUpdateTime = val;
        }
        else if (parameter == "bidValueInflationDelay") {
          require(val <= uint(-1) / 10, "DebtAuctionInitialParameterSetter/invalid-inflation-delay");
          bidValueInflationDelay = val;
        }
        else if (parameter == "bidValueTargetInflation") {
          require(val <= MAX_INFLATION, "DebtAuctionInitialParameterSetter/invalid-target-inflation");
          bidValueTargetInflation = val;
        }
        else revert("DebtAuctionInitialParameterSetter/modify-unrecognized-param");
        emit ModifyParameters(parameter, val);
    }

    // --- Setter ---
    /*
    * @notify View function that returns the new, initial debt auction bid
    * @returns debtAuctionBidSize The new, initial debt auction bid
    */
    function getNewDebtBid() external view returns (uint256 debtAuctionBidSize) {
        // Get token price
        (uint256 systemCoinPrice, bool validSysCoinPrice)   = systemCoinOrcl.getResultWithValidity();
        require(both(systemCoinPrice > 0, validSysCoinPrice), "DebtAuctionInitialParameterSetter/invalid-price");

        // Compute the bid size
        (, uint256 latestTargetValue) = getNewBidTargetValue();
        debtAuctionBidSize = divide(multiply(multiply(latestTargetValue, WAD), RAY), systemCoinPrice);
        if (debtAuctionBidSize < RAY) {
          debtAuctionBidSize = RAY;
        }
    }
    /*
    * @notify View function that returns the initial amount of protocol tokens which should be offered in a debt auction
    * @returns debtAuctionMintedTokens The initial amount of protocol tokens that should be offered in a debt auction
    */
    function getRawProtocolTokenAmount() external view returns (uint256 debtAuctionMintedTokens) {
        // Get token price
        (uint256 protocolTknPrice, bool validProtocolPrice) = protocolTokenOrcl.getResultWithValidity();
        require(both(validProtocolPrice, protocolTknPrice > 0), "DebtAuctionInitialParameterSetter/invalid-price");

        // Compute the amont of protocol tokens without the premium
        (, uint256 latestTargetValue) = getNewBidTargetValue();
        debtAuctionMintedTokens = divide(multiply(latestTargetValue, WAD), protocolTknPrice);

        // Take into account the minimum amount of protocol tokens to offer
        if (debtAuctionMintedTokens < minProtocolTokenAmountOffered) {
          debtAuctionMintedTokens = minProtocolTokenAmountOffered;
        }
    }
    /*
    * @notify View function that returns the initial amount of protocol tokens with a premium added on top
    * @returns debtAuctionMintedTokens The initial amount of protocol tokens with a premium added on top
    */
    function getPremiumAdjustedProtocolTokenAmount() external view returns (uint256 debtAuctionMintedTokens) {
        // Get token price
        (uint256 protocolTknPrice, bool validProtocolPrice) = protocolTokenOrcl.getResultWithValidity();
        require(both(validProtocolPrice, protocolTknPrice > 0), "DebtAuctionInitialParameterSetter/invalid-price");

        // Compute the amont of protocol tokens without the premium and apply it
        (, uint256 latestTargetValue) = getNewBidTargetValue();
        debtAuctionMintedTokens = divide(
          multiply(divide(multiply(latestTargetValue, WAD), protocolTknPrice), protocolTokenPremium), THOUSAND
        );

        // Take into account the minimum amount of protocol tokens to offer
        if (debtAuctionMintedTokens < minProtocolTokenAmountOffered) {
          debtAuctionMintedTokens = minProtocolTokenAmountOffered;
        }
    }
    /*
    * @notify Set the new debtAuctionBidSize and initialDebtAuctionMintedTokens inside the AccountingEngine
    * @param feeReceiver The address that will receive the reward for setting new params
    */
    function setDebtAuctionInitialParameters(address feeReceiver) external {
        // Check delay between calls
        require(either(subtract(now, lastUpdateTime) >= updateDelay, lastUpdateTime == 0), "DebtAuctionInitialParameterSetter/wait-more");
        // Get the caller's reward
        uint256 callerReward = getCallerReward(lastUpdateTime, updateDelay);
        // Store the timestamp of the update
        lastUpdateTime = now;

        // Get token prices
        (uint256 protocolTknPrice, bool validProtocolPrice) = protocolTokenOrcl.getResultWithValidity();
        (uint256 systemCoinPrice, bool validSysCoinPrice)   = systemCoinOrcl.getResultWithValidity();
        require(both(validProtocolPrice, validSysCoinPrice), "DebtAuctionInitialParameterSetter/invalid-prices");
        require(both(protocolTknPrice > 0, systemCoinPrice > 0), "DebtAuctionInitialParameterSetter/null-prices");

        // Compute the scaled bid target value
        uint256 updateSlots;
        (updateSlots, bidTargetValue)   = getNewBidTargetValue();
        bidValueLastInflationUpdateTime = addition(bidValueLastInflationUpdateTime, multiply(updateSlots, bidValueInflationDelay));
        uint256 scaledBidTargetValue    = multiply(bidTargetValue, WAD);

        // Compute the amont of protocol tokens without the premium
        uint256 initialDebtAuctionMintedTokens = divide(scaledBidTargetValue, protocolTknPrice);

        // Apply the premium
        initialDebtAuctionMintedTokens = divide(multiply(initialDebtAuctionMintedTokens, protocolTokenPremium), THOUSAND);

        // Take into account the minimum amount of protocol tokens to offer
        if (initialDebtAuctionMintedTokens < minProtocolTokenAmountOffered) {
          initialDebtAuctionMintedTokens = minProtocolTokenAmountOffered;
        }

        // Compute the debtAuctionBidSize as a RAD taking into account the minimum amount to bid
        uint256 debtAuctionBidSize = divide(multiply(scaledBidTargetValue, RAY), systemCoinPrice);
        if (debtAuctionBidSize < RAY) {
          debtAuctionBidSize = RAY;
        }

        // Set the debt bid and the associated protocol token amount in the accounting engine
        accountingEngine.modifyParameters("debtAuctionBidSize", debtAuctionBidSize);
        accountingEngine.modifyParameters("initialDebtAuctionMintedTokens", initialDebtAuctionMintedTokens);

        // Emit an event
        emit SetDebtAuctionInitialParameters(debtAuctionBidSize, initialDebtAuctionMintedTokens);

        // Pay the caller for updating the rate
        rewardCaller(feeReceiver, callerReward);
    }
    /*
    * @notice Manually set initial debt auction parameters
    * @param debtAuctionBidSize The initial debt auction bid size
    * @param initialDebtAuctionMintedTokens The initial amount of protocol tokens to mint in exchange for debtAuctionBidSize system coins
    */
    function manualSetDebtAuctionParameters(uint256 debtAuctionBidSize, uint256 initialDebtAuctionMintedTokens)
      external isAuthorized {
        accountingEngine.modifyParameters("debtAuctionBidSize", debtAuctionBidSize);
        accountingEngine.modifyParameters("initialDebtAuctionMintedTokens", initialDebtAuctionMintedTokens);
        emit SetDebtAuctionInitialParameters(debtAuctionBidSize, initialDebtAuctionMintedTokens);
    }

    // --- Internal Logic ---
    /*
    * @notice Return the latest bidTargetValue
    */
    function getNewBidTargetValue() internal view returns (uint256, uint256) {
        uint256 updateSlots = subtract(now, bidValueLastInflationUpdateTime) / bidValueInflationDelay;

        if (updateSlots == 0) return (0, bidTargetValue);

        uint256 targetValue = bidTargetValue;

        for (uint i = 0; i < updateSlots; i++) {
            targetValue = addition(targetValue, multiply(targetValue / HUNDRED, bidValueTargetInflation));
        }

        return (
          updateSlots,
          targetValue
        );
    }
}
function getNewDebtBid() external view returns (uint256 debtAuctionBidSize) {
        // Get token price
        (uint256 systemCoinPrice, bool validSysCoinPrice)   = systemCoinOrcl.getResultWithValidity();
        require(both(systemCoinPrice > 0, validSysCoinPrice), "DebtAuctionInitialParameterSetter/invalid-price");

        // Compute the bid size
        (, uint256 latestTargetValue) = getNewBidTargetValue();
        debtAuctionBidSize = divide(multiply(multiply(latestTargetValue, WAD), RAY), systemCoinPrice);
        if (debtAuctionBidSize < RAY) {
          debtAuctionBidSize = RAY;
        }
    }
/*
 * @notify View function that returns the new, initial debt auction bid
 * @returns debtAuctionBidSize The new, initial debt auction bid
 */