What to test?
Can't think of any tests? Maybe one of these will spark some inspiration!
Ante Tests are single-failure tests of on-chain guarantees.
Here are some ideas for tests:
"Rug" test – check that contract-controlled assets are not drained
Plunge protection test – check that contract assets do not drop below some threshold
Peg test – check to see that two pegged assets stay pegged in price
Note: in order to avoid flash loan manipulation of the Ante Test, this should be implemented against time-weighted average prices (TWAP) rather than spot prices
Solvency test – Collateral asset value exceeds liabilities by some factor
Token vesting test — check that tokens are vested following the publicized schedule
Bonding curve test – check that the bonding curve calculation (e.g.
x*y=k) holds for an automated market maker (AMM) protocolAPY guarantee test – check that actual rewards issued by a contract over a given time period exceeds the APY rate advertised by the protocol
DAO implementation test – check that a proposal passed by a DAO was actually implemented
Checking outcomes can be tricky given the complexity and heterogeneity of outcomes. Defining a narrow test can help manage some of the complexity
Alternatively, this can be made generalized by having the DAO vote again on their satisfaction with the implementation outcome and having the Ante Test check the vote result
Access test – check that funds can be withdrawn from contract in an expected manner
Market cap test – check that the total value of contract assets exceeds some threshold
Volume test – check that at least X unique wallets/transactions/etc. use a given protocol over a given time period
These are just some of the many possible Ante Tests that could be written. Happy writing!
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