SafeCertificateConverter

Computes a plan for converting a SAFE Ledger Entry Token (LET) into equity, from a RoundManager's round data.

• Source: src/converters/SafeCertificateConverter.sol
• Implements: ICertificateConverter

Stub. The body of computeConversion is commented out, and the function returns an empty ConversionPlan. The intended algorithm is kept in the source as a comment. Do not use this contract for live conversions.

Interface

function computeConversion(
    address roundManager,
    bytes32 roundId,
    address certPrinter,
    uint256 tokenId
) external view returns (ConversionPlan memory plan);

Intended algorithm (from the source comments)

1. Read the source SAFE LET's investmentAmountUSD and issuerUSDValuationAtTimeOfInvestment.
2. Read round data from the RoundManager: the cap table snapshot's cCapUsed, the rounding policy, the round price, and the primary security class and series.
3. Compute the SAFE price as PMVC / CCap, and take the lower of the SAFE price and the round price as the price basis.
4. Compute shares = investmentAmount / priceBasis, applying the round's rounding policy (floor, ceil or round-half-up).
5. Return a ConversionPlan with the share count, price basis, and target class and series.