ISAFE

Git Source

Inherits: IIssuedAsset

Interface for the SAFE (Simple Agreement for Future Equity) contract

Functions

defaultTerms

Returns the default terms for new SAFEs in this offering

function defaultTerms() external view returns (Terms memory);

lotTerms

Returns the terms for a specific lot

function lotTerms(bytes32 lotId) external view returns (Terms memory);

Parameters

Name	Type	Description
lotId	bytes32	ID of the lot

lotConverted

Checks if a lot has been converted

function lotConverted(bytes32 lotId) external view returns (bool);

Parameters

Name	Type	Description
lotId	bytes32	ID of the lot

mfnProtectedLots

Checks if a lot has MFN protection

function mfnProtectedLots(bytes32 lotId) external view returns (bool);

Parameters

Name	Type	Description
lotId	bytes32	ID of the lot

setDefaultTerms

Sets default terms for all new SAFEs in this offering

function setDefaultTerms(
    uint256 _valuationCap,
    uint256 _discountRate,
    address _targetEquityToken,
    bool _proRataRight,
    bool _hasMFN
) external;

createLotWithTerms

Creates a lot with custom terms

function createLotWithTerms(
    address to,
    uint256 quantity,
    address paymentCurrency,
    uint256 costBasis,
    uint256 acquisitionDate,
    string memory uri,
    bytes memory data,
    Terms memory terms
) external returns (bytes32 lotId);

processMFNForNewTerms

Process MFN updates for new terms

function processMFNForNewTerms(Terms memory newTerms) external;

convertToEquity

Convert SAFE to equity

function convertToEquity(bytes32 lotId, uint256 pricePerShare, uint256 valuationAmount)
    external
    returns (bytes32 equityLotId);

Parameters

Name	Type	Description
lotId	bytes32	ID of the SAFE lot to convert
pricePerShare	uint256	Price per token at conversion
valuationAmount	uint256	Valuation amount for the conversion

Returns

Name	Type	Description
equityLotId	bytes32	ID of the new equity share lot created

Events

TermsSet

Emitted when terms are set for a lot

event TermsSet(bytes32 indexed lotId, uint256 valuationCap, uint256 discountRate);

Converted

Emitted when a SAFE is converted to equity

event Converted(bytes32 indexed lotId, address indexed investor, bytes32 indexed equityLotId);

MFNTermsUpdated

Emitted when MFN terms are updated

event MFNTermsUpdated(bytes32 indexed lotId, uint256 newValuationCap, uint256 newDiscountRate);

Structs

Terms

Structure defining the terms of a SAFE agreement

struct Terms {
    uint256 valuationCap;
    uint256 discountRate;
    address targetEquityToken;
    bool proRataRight;
    uint256 maturityDate;
    bool hasMFN;
}