MaverickV2Pool

Inherits: IMaverickV2Pool, IMaverickV2PoolAdmin

Pool contract for Maverick V2. There is no pool owner, but the Factory contract does have the ability to set and collect protocol fees. Users can add liquidity, remove liquidity, swap, and migrate bins up the merge stack. User liquidity is allocated to a recipient and can be assigned, by the sender, to a "subaccount". But liquidity is not transferable. For liquidity transfer and other manipulation capabilities, use the v2-supplemental Position (ERC-721 interfaces) or BoostedPosition (ERC-20 interfaces) contracts.

This contract does not support rebasing tokens. However, there are limited protections built in for tokens that have a negative rebase. On negative rebase, the pool's internal accounting of its balances will diverge from the token balance accounting. In order to interact with swap or add liquidity after a negative rebase, a user will have first make the pool solvent by transfering the pool enough asset so the two accounting systmes match. Post negative rebase, users will be able to remove their pro rata balance from the pool. Any positive rebase of the pool's balance will be accrued to the next add or swap user. That is, the proceeds of a positive rebase will not be distributed to all LPs.

Tokens such as stETH that have a mismatch between the amount transfered and the balanceOf of a user post-transfer are not supported by this contract. Such a mismatch between transfer and balanceOf will result in a revert when attempting to add liquidity.

State Variables

accessor

Address of Pool accessor. This is Zero address for permissionless pools.

address public immutable accessor;

kinds

1-15 number to represent the active kinds. 0b0001 = static; 0b0010 = right; 0b0100 = left; 0b1000 = both; E.g. a pool with all 4 modes will have kinds = b1111 = 15

uint8 public immutable kinds;

protocolFeeA

Accumulated tokenA protocol fee.

uint128 public protocolFeeA;

protocolFeeB

Accumulated tokenB protocol fee.

uint128 public protocolFeeB;

tickSpacing

TickSpacing of pool where 1.0001^tickSpacing is the bin width.

uint256 public immutable tickSpacing;

tokenA

Pool tokenA. Address of tokenA is such that tokenA < tokenB.

IERC20 public immutable tokenA;

tokenB

Pool tokenB.

IERC20 public immutable tokenB;

lookback

Lookback period of pool in seconds.

uint256 public immutable lookback;

factory

Deploying factory of the pool and also contract that has ability to set and collect protocol fees for the pool.

IMaverickV2Factory public immutable factory;

tokenAScale

Most significant bit of scale value is a flag to indicate whether tokenA has more or less than 18 decimals. Scale is used in conjuction with Math.toScale/Math.fromScale functions to convert from token amounts to D18 scale internal pool accounting.

uint256 public immutable tokenAScale;

tokenBScale

Most significant bit of scale value is a flag to indicate whether tokenA has more or less than 18 decimals. Scale is used in conjuction with Math.toScale/Math.fromScale functions to convert from token amounts to D18 scale internal pool accounting.

uint256 public immutable tokenBScale;

lendingFeeRateD18

uint256 public lendingFeeRateD18;

bins

Mapping of Bin objects for the pool. Each Bin is indexed by an incrementing uint32 ID. There are at most 4 bins per tick. Bin state is viewable with getBin().

mapping(uint32 => Bin.Instance) internal bins;

ticks

Mapping of Tick objects for the pool. There are at most 4 bins per tick. Ticks are indexed by their position in the log price domain. The number of ticks is limited by Constants.sol/MAX_TICK. Tick state is viewable with getTick().

mapping(int32 => TickState) internal ticks;

_state

Dynamic state variables of the pool. Takes up two storage slots.

State internal _state;

_feeAIn

Fee rate for tokenA in swaps in 18-decimal format.

uint256 internal immutable _feeAIn;

_feeBIn

Fee rate for tokenB in swaps in 18-decimal format.

uint256 internal immutable _feeBIn;

Functions

constructor

Constructor is called by the deployer contract. In the constructor the pool calls back to the deployer to set the pool parameters.

constructor();

addLiquidity

Add liquidity to a pool. This function allows users to deposit tokens into a liquidity pool.

This function will call maverickV2AddLiquidityCallback on the calling contract to collect the tokenA/tokenB payment.

function addLiquidity(address recipient, uint256 subaccount, AddLiquidityParams calldata params, bytes calldata data)
    public
    virtual
    returns (uint256 tokenAAmount, uint256 tokenBAmount, uint32[] memory binIds);

Parameters

Name
Type
Description

recipient

address

The account that will receive credit for the added liquidity.

subaccount

uint256

The account that will receive credit for the added liquidity.

params

AddLiquidityParams

Parameters containing the details for adding liquidity, such as token types and amounts.

data

bytes

Bytes information that gets passed to the callback.

Returns

Name
Type
Description

tokenAAmount

uint256

The amount of token A added to the pool.

tokenBAmount

uint256

The amount of token B added to the pool.

binIds

uint32[]

An array of bin IDs where the liquidity is stored.

migrateBinUpStack

Migrate bins up the linked list of merged bins so that its mergeId is the currrent active bin.

Liquidy can only be removed from a bin that is either unmerged or has a mergeId of an unmerged bin. If a bin is merged more than one level deep, it must be migrated up the merge stack to the root bin before liquidity removal.

function migrateBinUpStack(uint32 binId, uint32 maxRecursion) public virtual;

Parameters

Name
Type
Description

binId

uint32

The ID of the bin to migrate.

maxRecursion

uint32

The maximum recursion depth for the migration.

removeLiquidity

Removes liquidity from the pool.

Liquidy can only be removed from a bin that is either unmerged or has a mergeId of an unmerged bin. If a bin is merged more than one level deep, it must be migrated up the merge stack to the root bin before liquidity removal.

function removeLiquidity(address recipient, uint256 subaccount, RemoveLiquidityParams calldata params)
    public
    virtual
    returns (uint256 tokenAOut, uint256 tokenBOut);

Parameters

Name
Type
Description

recipient

address

The address to receive the tokens.

subaccount

uint256

The subaccount for the recipient.

params

RemoveLiquidityParams

The parameters for removing liquidity.

Returns

Name
Type
Description

tokenAOut

uint256

The amount of token A received.

tokenBOut

uint256

The amount of token B received.

swap

Swap tokenA/tokenB assets in the pool. The swap user has two options for funding their swap.

  • The user can push the input token amount to the pool before calling the swap function. In order to avoid having the pool call the callback, the user should pass a zero-length data bytes object with the swap call.

  • The user can send the input token amount to the pool when the pool calls the maverickV2SwapCallback function on the calling contract. That callback has input parameters that specify the token address of the input token, the input and output amounts, and the bytes data sent to the swap function.

If the users elects to do a callback-based swap, the output assets will be sent before the callback is called, allowing the user to execute flash swaps. However, the pool does have reentrancy protection, so a swapper will not be able to interact with the same pool again while they are in the callback function.

function swap(address recipient, SwapParams memory params, bytes calldata data)
    public
    virtual
    returns (uint256 amountIn, uint256 amountOut);

Parameters

Name
Type
Description

recipient

address

The address to receive the output tokens.

params

SwapParams

Parameters containing the details of the swap

data

bytes

Bytes information that gets passed to the callback.

setFee

Sets fee for permissioned pools. May only be called by the accessor.

function setFee(uint256, uint256) public virtual;

flashLoan

Loan tokenA/tokenB assets from the pool to recipient. The fee rate of a loan is determined by lendingFeeRateD18, which is set at the protocol level by the factory. This function calls maverickV2FlashLoanCallback on the calling contract. At the end of the callback, the caller must pay back the loan with fee (if there is a fee).

function flashLoan(address recipient, uint256 amountA, uint256 amountB, bytes calldata data)
    public
    virtual
    returns (uint128 lendingFeeA, uint128 lendingFeeB);

Parameters

Name
Type
Description

recipient

address

The address to receive the loaned tokens.

amountA

uint256

amountB

uint256

Loan amount of tokenA sent to recipient.

data

bytes

Bytes information that gets passed to the callback.

adminAction

Perform pool admin action; this function can only be called by the pool factory contract. When called by other callers, this function will revert.

function adminAction(AdminAction action, uint256 value) external;

Parameters

Name
Type
Description

action

AdminAction

Selector of admin action from AdminAction enum.

value

uint256

Applicable for "setting" admin actions and is the new value of the parameter being set.

_lockPool

Internal function to lock the pool.

function _lockPool() internal returns (State memory currentState);

_unlockPool

Internal function to unlock the pool.

function _unlockPool() internal;

getState

External function to get the state of the pool.

function getState() external view returns (State memory);

getCurrentTwa

External function to get the current time-weighted average price.

function getCurrentTwa() external view returns (int256);

fee

Pool swap fee for the given direction (A-in or B-in swap) in 18-decimal format. E.g. 0.01e18 is a 1% swap fee.

function fee(bool tokenAIn) public view virtual returns (uint256);

binIdByTickKind

ID of bin at input tick position and kind.

function binIdByTickKind(int32 tick, uint256 kind) public view returns (uint32 binId);

getBin

Return state of Bin at input binId.

function getBin(uint32 binId) external view returns (BinState memory bin);

getTick

Return state of Tick at input tick position.

function getTick(int32 tick) external view returns (TickState memory _tick);

balanceOf

Retrieves the balance of a user within a bin.

function balanceOf(address user, uint256 subaccount, uint32 binId) external view returns (uint128 lpBalance);

Parameters

Name
Type
Description

user

address

The user's address.

subaccount

uint256

The subaccount for the user.

binId

uint32

The ID of the bin.

_kindSupportedByPool

Bool indicator of whether the input kind is supported by the pool.

function _kindSupportedByPool(uint8 kind) internal view returns (bool);

_tickSqrtPriceAndLiquidity

Retrieves the square root price and liquidity of a tick.

function _tickSqrtPriceAndLiquidity(int32 tick)
    internal
    view
    returns (uint256 sqrtLowerTickPrice, uint256 sqrtUpperTickPrice, uint256 sqrtPrice, TickData memory output);

Parameters

Name
Type
Description

tick

int32

The tick value.

Returns

Name
Type
Description

sqrtLowerTickPrice

uint256

The square root of the lower tick price.

sqrtUpperTickPrice

uint256

The square root of the upper tick price.

sqrtPrice

uint256

The square root price.

output

TickData

The tick data.

_tokenBalance

Get the balance of a given token.

function _tokenBalance(IERC20 token) internal view returns (uint128);

Parameters

Name
Type
Description

token

IERC20

The IERC20 token to check the balance of.

Returns

Name
Type
Description

<none>

uint128

The balance of the token.

_checkTokenSolvency

function _checkTokenSolvency(IERC20 token, uint256 internalBalance) internal view;

_getOrCreateBin

Get or create a bin and return its ID and storage reference.

function _getOrCreateBin(State memory currentState, uint8 kind, int32 tick)
    internal
    returns (uint32 binId, Bin.Instance storage bin);

Parameters

Name
Type
Description

currentState

State

The State struct containing the current state data.

kind

uint8

The uint8 value representing the kind of bin.

tick

int32

The int32 value representing the tick.

Returns

Name
Type
Description

binId

uint32

The ID of the bin.

bin

Bin.Instance

The storage reference to the bin.

_moveDirection

Merges bins and moves them to a new tick.

function _moveDirection(MoveData memory moveData) internal;

Parameters

Name
Type
Description

moveData

MoveData

The MoveData struct containing the necessary data for the move.

_mergeAndDecommissionBin

Merges a given bin and removes its former tick so that the bin is no longer active.

function _mergeAndDecommissionBin(
    uint32 binIdToBeMerged,
    uint32 parentBinId,
    Bin.Instance storage parentBin,
    IMaverickV2Pool.TickState storage parentBinTickState,
    uint8 kind
) internal returns (uint128 binA, uint128 binB, uint128 mergeBinBalance);

Parameters

Name
Type
Description

binIdToBeMerged

uint32

binId of the bin being merged.

parentBinId

uint32

binId of the parent bin where the merging bin's liquidity is being sent.

parentBin

Bin.Instance

Bin object of parent.

parentBinTickState

IMaverickV2Pool.TickState

Tick object of the parent bin's tick.

kind

uint8

Kind of the bins.

_mergeBinsInList

Merge bins in moveData.mergeBins into firstBin.

function _mergeBinsInList(
    Bin.Instance storage firstBin,
    IMaverickV2Pool.TickState storage firstBinTickState,
    MoveData memory moveData
) internal;

Parameters

Name
Type
Description

firstBin

Bin.Instance

The storage reference to the first bin.

firstBinTickState

IMaverickV2Pool.TickState

The storage reference to the first bin's TickState.

moveData

MoveData

The MoveData struct containing the necessary data.

_moveBinToNewTick

Move a bin from one tick to another.

function _moveBinToNewTick(
    Bin.Instance storage firstBin,
    IMaverickV2Pool.TickState storage startingTickState,
    IMaverickV2Pool.TickState storage endingTickState,
    MoveData memory moveData
) internal;

Parameters

Name
Type
Description

firstBin

Bin.Instance

The storage reference to the first bin.

startingTickState

IMaverickV2Pool.TickState

The storage reference to the starting tick's TickState.

endingTickState

IMaverickV2Pool.TickState

The storage reference to the ending tick's TickState.

moveData

MoveData

The MoveData struct containing the necessary data.

_getMovementBinsInRange

Finds bins of the same kind within the movement search window.

function _getMovementBinsInRange(MoveData memory moveData) internal view;

_moveBins

Move bins based on TWAP conditions.

Logic looks left and right of the active tick for movement bins. If there is more than one movement bin of the same kind in this multi-tick window, then these bins will get moved to the TWAP tick and merged into to the Bin with the lowest binId.

function _moveBins(int32 startingActiveTick, int32 activeTick, int64 lastTwapD8, int64 newTwapD8, int64 boundary)
    internal;

Parameters

Name
Type
Description

startingActiveTick

int32

Active tick at the beginning of the swap.

activeTick

int32

Active tick at the end of the swap.

lastTwapD8

int64

TWAP at beginning of the swap.

newTwapD8

int64

TWAP at end of the swap.

boundary

int64

Distance into a tick that a swap has to move in order to cause a bin movement.

_swapTick

Swap tokens at a specific tick.

function _swapTick(State memory currentState, Delta.Instance memory delta)
    internal
    returns (Delta.Instance memory newDelta);

Parameters

Name
Type
Description

currentState

State

The State struct containing the current state data.

delta

Delta.Instance

The Delta.Instance struct containing swap data.

Returns

Name
Type
Description

newDelta

Delta.Instance

The updated Delta.Instance struct.

_allocateSwapValuesToTick

Allocate swap values to bins based on token direction and tick.

function _allocateSwapValuesToTick(Delta.Instance memory delta, bool tokenAIn, int32 tick) internal;

Parameters

Name
Type
Description

delta

Delta.Instance

The Delta.Instance struct containing swap data.

tokenAIn

bool

A boolean indicating whether token A is being swapped in.

tick

int32

The int32 value representing the tick.

Structs

MoveData

Struct for holding data during bin movement.

struct MoveData {
    uint8 kind;
    int32 tickSearchStart;
    int32 tickSearchEnd;
    int32 tickLimit;
    int32 firstBinTick;
    uint32 firstBinId;
    uint128 mergeBinBalance;
    uint128 totalReserveA;
    uint128 totalReserveB;
    uint32[MAX_BINS_TO_MERGE] mergeBins;
    uint256 counter;
}
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