1.0.0

SwapGuarded

This contract is responsible for custody of closely pegged assets (eg. group of stablecoins) and automatic market making system. Users become an LP (Liquidity Provider) by depositing their tokens in desired ratios for an exchange of the pool token that represents their share of the pool. Users can burn pool tokens and withdraw their share of token(s).

Each time a swap between the pooled tokens happens, a set fee incurs which effectively gets distributed to the LPs.

In case of emergencies, admin can pause additional deposits, swaps, or single-asset withdraws - which stops the ratio of the tokens in the pool from changing. Users can always withdraw their tokens via multi-asset withdraws.

Most of the logic is stored as a library SwapUtils for the sake of reducing contract's deployment size.

Functions:

Events:

Function constructor(contract IERC20[] _pooledTokens, uint8[] decimals, string lpTokenName, string lpTokenSymbol, uint256 _a, uint256 _fee, uint256 _adminFee, uint256 _withdrawFee, contract IAllowlist _allowlist)

Deploys this Swap contract with given parameters as default values. This will also deploy a LPToken that represents users LP position. The owner of LPToken will be this contract - which means only this contract is allowed to mint new tokens.

Parameters:

  • _pooledTokens: an array of ERC20s this pool will accept

  • decimals: the decimals to use for each pooled token, eg 8 for WBTC. Cannot be larger than POOL_PRECISION_DECIMALS

  • lpTokenName: the long-form name of the token to be deployed

  • lpTokenSymbol: the short symbol for the token to be deployed

  • _a: the amplification coefficient _ n _ (n - 1). See the StableSwap paper for details

  • _fee: default swap fee to be initialized with

  • _adminFee: default adminFee to be initialized with

  • _withdrawFee: default withdrawFee to be initialized with

  • _allowlist: address of allowlist contract for guarded launch

Function getA() → uint256

Return A, the amplification coefficient _ n _ (n - 1)

See the StableSwap paper for details

Return Values:

  • A parameter

Function getAPrecise() → uint256

Return A in its raw precision form

See the StableSwap paper for details

Return Values:

  • A parameter in its raw precision form

Function getToken(uint8 index) → contract IERC20

Return address of the pooled token at given index. Reverts if tokenIndex is out of range.

Parameters:

  • index: the index of the token

Return Values:

  • address of the token at given index

Function getTokenIndex(address tokenAddress) → uint8

Return the index of the given token address. Reverts if no matching token is found.

Parameters:

  • tokenAddress: address of the token

Return Values:

  • the index of the given token address

Function getAllowlist() → contract IAllowlist

Reads and returns the address of the allowlist that is set during deployment of this contract

Return Values:

  • the address of the allowlist contract casted to the IAllowlist interface

Function getDepositTimestamp(address user) → uint256

Return timestamp of last deposit of given address

Return Values:

  • timestamp of the last deposit made by the given address

Function getTokenBalance(uint8 index) → uint256

Return current balance of the pooled token at given index

Parameters:

  • index: the index of the token

Return Values:

  • current balance of the pooled token at given index with token's native precision

Function getVirtualPrice() → uint256

Get the virtual price, to help calculate profit

Return Values:

  • the virtual price, scaled to the POOL_PRECISION_DECIMALS

Function calculateSwap(uint8 tokenIndexFrom, uint8 tokenIndexTo, uint256 dx) → uint256

Calculate amount of tokens you receive on swap

Parameters:

  • tokenIndexFrom: the token the user wants to sell

  • tokenIndexTo: the token the user wants to buy

  • dx: the amount of tokens the user wants to sell. If the token charges a fee on transfers, use the amount that gets transferred after the fee.

Return Values:

  • amount of tokens the user will receive

Function calculateTokenAmount(address account, uint256[] amounts, bool deposit) → uint256

A simple method to calculate prices from deposits or withdrawals, excluding fees but including slippage. This is helpful as an input into the various "min" parameters on calls to fight front-running

This shouldn't be used outside frontends for user estimates.

Parameters:

  • account: address that is depositing or withdrawing tokens

  • amounts: an array of token amounts to deposit or withdrawal, corresponding to pooledTokens. The amount should be in each pooled token's native precision. If a token charges a fee on transfers, use the amount that gets transferred after the fee.

  • deposit: whether this is a deposit or a withdrawal

Return Values:

  • token amount the user will receive

Function calculateRemoveLiquidity(address account, uint256 amount) → uint256[]

A simple method to calculate amount of each underlying tokens that is returned upon burning given amount of LP tokens

Parameters:

  • account: the address that is withdrawing tokens

  • amount: the amount of LP tokens that would be burned on withdrawal

Return Values:

  • array of token balances that the user will receive

Function calculateRemoveLiquidityOneToken(address account, uint256 tokenAmount, uint8 tokenIndex) → uint256 availableTokenAmount

Calculate the amount of underlying token available to withdraw when withdrawing via only single token

Parameters:

  • account: the address that is withdrawing tokens

  • tokenAmount: the amount of LP token to burn

  • tokenIndex: index of which token will be withdrawn

Return Values:

  • availableTokenAmount calculated amount of underlying token available to withdraw

Function calculateCurrentWithdrawFee(address user) → uint256

Calculate the fee that is applied when the given user withdraws. The withdraw fee decays linearly over period of 4 weeks. For example, depositing and withdrawing right away will charge you the full amount of withdraw fee. But withdrawing after 4 weeks will charge you no additional fees.

returned value should be divided by FEE_DENOMINATOR to convert to correct decimals

Parameters:

  • user: address you want to calculate withdraw fee of

Return Values:

  • current withdraw fee of the user

Function getAdminBalance(uint256 index) → uint256

This function reads the accumulated amount of admin fees of the token with given index

Parameters:

  • index: Index of the pooled token

Return Values:

  • s token balance in the token's precision

Function swap(uint8 tokenIndexFrom, uint8 tokenIndexTo, uint256 dx, uint256 minDy, uint256 deadline) → uint256

Swap two tokens using this pool

Parameters:

  • tokenIndexFrom: the token the user wants to swap from

  • tokenIndexTo: the token the user wants to swap to

  • dx: the amount of tokens the user wants to swap from

  • minDy: the min amount the user would like to receive, or revert.

  • deadline: latest timestamp to accept this transaction

Function addLiquidity(uint256[] amounts, uint256 minToMint, uint256 deadline, bytes32[] merkleProof) → uint256

Add liquidity to the pool with given amounts during guarded launch phase. Only users with valid address and proof can successfully call this function. When this function is called after the guarded release phase is over, the merkleProof is ignored.

Parameters:

  • amounts: the amounts of each token to add, in their native precision

  • minToMint: the minimum LP tokens adding this amount of liquidity should mint, otherwise revert. Handy for front-running mitigation

  • deadline: latest timestamp to accept this transaction

  • merkleProof: data generated when constructing the allowlist merkle tree. Users can get this data off chain. Even if the address is in the allowlist, users must include a valid proof for this call to succeed. If the pool is no longer in the guarded release phase, this parameter is ignored.

Return Values:

  • amount of LP token user minted and received

Function removeLiquidity(uint256 amount, uint256[] minAmounts, uint256 deadline) → uint256[]

Burn LP tokens to remove liquidity from the pool. Withdraw fee that decays linearly over period of 4 weeks since last deposit will apply.

Liquidity can always be removed, even when the pool is paused.

Parameters:

  • amount: the amount of LP tokens to burn

  • minAmounts: the minimum amounts of each token in the pool acceptable for this burn. Useful as a front-running mitigation

  • deadline: latest timestamp to accept this transaction

Return Values:

  • amounts of tokens user received

Function removeLiquidityOneToken(uint256 tokenAmount, uint8 tokenIndex, uint256 minAmount, uint256 deadline) → uint256

Remove liquidity from the pool all in one token. Withdraw fee that decays linearly over period of 4 weeks since last deposit will apply.

Parameters:

  • tokenAmount: the amount of the token you want to receive

  • tokenIndex: the index of the token you want to receive

  • minAmount: the minimum amount to withdraw, otherwise revert

  • deadline: latest timestamp to accept this transaction

Return Values:

  • amount of chosen token user received

Function removeLiquidityImbalance(uint256[] amounts, uint256 maxBurnAmount, uint256 deadline) → uint256

Remove liquidity from the pool, weighted differently than the pool's current balances. Withdraw fee that decays linearly over period of 4 weeks since last deposit will apply.

Parameters:

  • amounts: how much of each token to withdraw

  • maxBurnAmount: the max LP token provider is willing to pay to remove liquidity. Useful as a front-running mitigation.

  • deadline: latest timestamp to accept this transaction

Return Values:

  • amount of LP tokens burned

Function updateUserWithdrawFee(address recipient, uint256 transferAmount)

Updates the user withdraw fee. This function can only be called by the pool token. Should be used to update the withdraw fee on transfer of pool tokens. Transferring your pool token will reset the 4 weeks period. If the recipient is already holding some pool tokens, the withdraw fee will be discounted in respective amounts.

Parameters:

  • recipient: address of the recipient of pool token

  • transferAmount: amount of pool token to transfer

Function withdrawAdminFees()

Withdraw all admin fees to the contract owner

Function setAdminFee(uint256 newAdminFee)

Update the admin fee. Admin fee takes portion of the swap fee.

Parameters:

  • newAdminFee: new admin fee to be applied on future transactions

Function setSwapFee(uint256 newSwapFee)

Update the swap fee to be applied on swaps

Parameters:

  • newSwapFee: new swap fee to be applied on future transactions

Function setDefaultWithdrawFee(uint256 newWithdrawFee)

Update the withdraw fee. This fee decays linearly over 4 weeks since user's last deposit.

Parameters:

  • newWithdrawFee: new withdraw fee to be applied on future deposits

Function rampA(uint256 futureA, uint256 futureTime)

Start ramping up or down A parameter towards given futureA and futureTime Checks if the change is too rapid, and commits the new A value only when it falls under the limit range.

Parameters:

  • futureA: the new A to ramp towards

  • futureTime: timestamp when the new A should be reached

Function stopRampA()

Stop ramping A immediately. Reverts if ramp A is already stopped.

Function disableGuard()

Disables the guarded launch phase, removing any limits on deposit amounts and addresses

Function isGuarded() → bool

Reads and returns current guarded status of the pool

Return Values:

  • guarded_ boolean value indicating whether the deposits should be guarded

Event TokenSwap(address buyer, uint256 tokensSold, uint256 tokensBought, uint128 soldId, uint128 boughtId)

No description

Event AddLiquidity(address provider, uint256[] tokenAmounts, uint256[] fees, uint256 invariant, uint256 lpTokenSupply)

No description

Event RemoveLiquidity(address provider, uint256[] tokenAmounts, uint256 lpTokenSupply)

No description

Event RemoveLiquidityOne(address provider, uint256 lpTokenAmount, uint256 lpTokenSupply, uint256 boughtId, uint256 tokensBought)

No description

Event RemoveLiquidityImbalance(address provider, uint256[] tokenAmounts, uint256[] fees, uint256 invariant, uint256 lpTokenSupply)

No description

Event NewAdminFee(uint256 newAdminFee)

No description

Event NewSwapFee(uint256 newSwapFee)

No description

Event NewWithdrawFee(uint256 newWithdrawFee)

No description

Event RampA(uint256 oldA, uint256 newA, uint256 initialTime, uint256 futureTime)

No description

Event StopRampA(uint256 currentA, uint256 time)

No description

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