Elastic Core Contracts

Factory​

Handles deployment of Kyberswap Elastic pools and where administrative configurations are held, such as the whitelisting of NFT position managers, and government fee settings.

parameters​

Used by the Pool's constructor to fetch the parameters. The reason why they are not passed directly is for the automatic contract verification on Etherscan.

Field	Type	Explanation
factory	address	this contract's address
token0	address	first pool token by address sort order
token1	address	second pool token by address sort order
swapFeeBps	uint16	fee to be collected upon every swap in the pool, in basis points
_tickDistance	int24	Minimum number of ticks between initialized ticks

poolInitHash​

Type	Explanation
bytes32	keccak256 hash of the pool's creation code. This is accessed by periphery contracts for the deterministic computation of a pool's address

configMaster​

Type	Explanation
address	The address that is able to modify different settings and parameters

whitelistDisabled​

Type	Explanation
bool	If true, anyone can directly mint liquidity from the pool. Otherwise, only whitelisted addresses are able to do so

vestingPeriod​

Type	Explanation
uint32	The maximum time duration for which LP fees are proportionally burnt upon LP removals

feeAmountTickDistance()​

Returns the tick distance for a specified fee. Once added, cannot be updated or removed.

Field	Type	Explanation
Input, swapFeeBps	uint16	swap fee, in basis points
Output	int24	configured tick distance

feeConfiguration()​

Field	Type	Explanation
_feeTo	address	recipient of government fees
_governmentFeeBps	uint16	current government fee charged in basis points. Taken out of swap fee

getPool()​

Returns the pool address for a given pair of tokens and a swap fee. Note that the token order does not matter.

Input​

Field	Type	Explanation
tokenA	address	contract address of either token0 or token1
tokenB	address	contract address of the other token
swapFeeBps	uint16	swap fee, in basis points

Output​

Field	Type	Explanation
pool	address	The pool address. Returns null address if it does not exist

createPool()​

Creates a pool for the given two tokens and fee. The token order does not matter.

The call reverts under the following conditions:

1. Pool already exists

2. Invalid swap fee (tickDistance is zero)

3. Invalid token arguments

Input​

Field	Type	Explanation
tokenA	address	contract address of either token0 or token1
tokenB	address	contract address of the other token
swapFeeBps	uint16	swap fee, in basis points

Output​

Field	Type	Explanation
pool	address	created pool address

isWhitelistedNFTManager()​

Checks if an address is a whitelisted NFT manager. Returns true if it is, false if it is not.

Field	Type	Explanation
sender	address	address to be checked

getWhitelistedNFTManagers()​

Returns an array of addresses of all whitelisted NFT managers.

updateConfigMaster()​

To update the address of configMaster. Can only be changed by configMaster.

Field	Type	Explanation
_configMaster	address	new config master address

enableWhitelist()​

Sets whitelistDisabled to false, meaning, only whitelisted addresses are able to call the Pool's mint method. Can only be called by configMaster.

disableWhitelist()​

Sets whitelistDisabled to true. Will allow anyone to call the Pool's mint method. Can only be called by configMaster.

addNFTManager()​

Whitelists an NFT manager. Returns true if addition was successful, that is if it was not already present. Can only be called by configMaster.

Field	Type	Explanation
_nftManager	address	address to be whitelisted

removeNFTManager()​

Removes a whitelisted NFT manager. Returns true if removal was successful, that is if it was not already present. Can only be called by configMaster.

Field	Type	Explanation
_nftManager	address	whitelisted address to be removed

updateVestingPeriod()​

Updates the value of vestingPeriod. Can only be called by configMaster.

enableSwapFee()​

Enables a fee amount with the given tickDistance. The value cannot be updated or removed after setting. Can only be called by configMaster.

Field	Type	Explanation
swapFeeBps	uint16	swap fee, in basis points
tickDistance	int24	desired tick distance

updateFeeConfiguration()​

Updates the address receiving government fees and government fee to be charged (taken out of swap fee).

Field	Type	Explanation
feeTo	address	recipient of government fees
governmentFeeBps	uint16	government fee charged in basis points

Pool​

Primarily contains the implementation of actionable items by users, such as adding or removing liquidity, executing swaps or flash loans, and burning reinvestment tokens in exchange for fees collected.

unlockPool()​

Provides initial liquidity and sets initial price for the pool. All other actions cannot be performed prior to the execution of this function.

Note that this function should also be called at most once.

Input​

Field	Type	Explanation
initialSqrtP	uint160	Initial sqrt price, multiplied by $296296$
data	bytes	Data, if any, to be passed into the callback function

Output​

Field	Type	Explanation
qty0	uint256	token0 quantity permanently locked in the pool
qty1	uint256	token1 quantity permanently locked in the pool

mint()​

Adds liquidity to a specified recipient/tickLower/tickUpper position. Any token0 or token1 owed for the liquidity provision have to be paid for in the callback function.

Also sends reinvestment tokens (fees) to the recipient for any fees collected by the position. Reinvestment tokens have to be burnt via burnRTokens in exchange for token0 and token1.

Input​

Field	Type	Explanation
recipient	address	address for which the added liquidity is credited to. Equivalent to position owner
tickLower	int24	position's lower tick
tickUpper	int24	position's upper tick
ticksPrevious	int24[2]	an array containing 2 values tickLowerPrevious and tickUpperPrevious which are expected to be the nearest initialized tick <= tickLower and tickUpper respectively
qty	uint128	Liquidity quantity to mint
data	bytes	Data, if any, to be passed into the callback function

Output​

Field	Type	Explanation
qty0	uint256	token0 quantity sent to the pool in exchange for specified liquidity quantity
qty1	uint256	token1 quantity sent to the pool in exchange for specified liquidity quantity
feeGrowthInside	uint256	position's updated feeGrowthInside value

burn()​

Removes liquidity from the caller. In other words, the caller is treated as the position owner.

Also sends reinvestment tokens (fees) to the caller for any fees collected by the position. Reinvestment tokens have to be burnt via burnRTokens in exchange for token0 and token1.

Input​

Field	Type	Explanation
tickLower	int24	position's lower tick
tickUpper	int24	position's upper tick
qty	uint128	Liquidity quantity to burn

Output​

Field	Type	Explanation
qty0	uint256	token0 quantity sent to the caller
qty1	uint256	token1 quantity sent to the caller
feeGrowthInside	uint256	position's updated feeGrowthInside value

burnRTokens()​

Burns reinvestment tokens in exchange to receive the fees collected in token0 and token1.

Input​

Field	Type	Explanation
qty	uint256	Reinvestment token quantity to burn
bool	isLogicalBurn	false = burning tokens without receiving any fees in exchange. true = fees should be calculated and sent

The use-case for burning tokens whilst leaving the collected fees in the pool is the anti-snipping attack mechanism.

Output​

Field	Type	Explanation
qty0	uint256	token0 quantity sent to the caller
qty1	uint256	token1 quantity sent to the caller

swap()​

Swap token0 -> token1, or vice versa. Note that swaps will either fully use up the specified swap quantity, or swap up to the specified price limit, depending on whichever condition is satisfied first.

Input​

Field	Type	Explanation
recipient	address	address to receive the swap output
swapQty	int256	swap quantity, which implicitly configures the swap as exact input (>0), or exact output (<0)
isToken0	bool	whether the swapQty is specified in token0 (true) or token1 (false)
limitSqrtP	uint160	sqrt price limit to reach
data	bytes	Data, if any, to be passed into the callback function

Note​

To specify an unlimited price limit for a swap, use the following values.

isToken0	swapQty	Value
true	> 0	MIN_SQRT_RATIO + 1
true	< 0	MAX_SQRT_RATIO - 1
false	> 0	MAX_SQRT_RATIO - 1
false	< 0	MIN_SQRT_RATIO + 1

Output​

Field	Type	Explanation
qty0	int256	exact token0 qty sent to recipient if < 0. Minimally received quantity if > 0
qty1	int256	exact token1 qty sent to recipient if < 0. Minimally received quantity if > 0

flash()​

Request for token0 and/or token1 and pay it back in the same transaction, plus a fee, in the callback. Fees collected are distributed to all rToken holders since no rTokens are minted from it.

Input​

Field	Type	Explanation
recipient	address	address which will receive the token0 and token1 quantities
qty0	uint256	token0 quantity to be loaned to the recipient
qty1	uint256	token1 quantity to be loaned to the recipient
data	bytes	Data, if any, to be passed into the callback function

PoolStorage​

Contains all variables and getter methods to be used by the Pool contract. Inherited by PoolTickState.

factory​

Type	Explanation
IFactory	Canonical factory address fetched upon pool creation

token0​

Type	Explanation
IERC20	First of the two tokens of the pool, sorted by address

token1​

Type	Explanation
IERC20	Second of the two tokens of the pool, sorted by address

maxTickLiquidity​

Type	Explanation
uint128	Maximum gross liquidity that an initialized tick can have. This is to prevent overflow the pool's active base liquidity (uint128)

swapFeeBps​

Type	Explanation
uint16	fee to be charged for a swap in basis points

tickDistance​

Type	Explanation
int24	Ticks can only be initialized and used at multiples of this value

For instance, a tickDistance of 5 means ticks can be initialized every 5th tick, i.e., ..., -10, -5, 0, 5, 10, ...

ticks()​

Retrieve information about a specified int24 tick.

Output Field	Type	Explanation
liquidityGross	uint128	total liquidity amount from positions that uses this tick as a lower or upper tick
liquidityNet	int128	how much liquidity changes when the pool tick crosses up this tick
feeGrowthOutside	uint256	fee growth on the other side of the tick relative to the current tick. Appendix-A
secondsPerLiquidityOutside	uint128	seconds spent on the other side of the tick relative to the current tick. Appendix-A

initializedTicks()​

Returns the previous and next initialized ticks from the specified tick.

Note​

If the specified tick is uninitialized, the returned values are zero.

Output Field	Type	Explanation
previous	int24	Next initalized tick below the specified tick
next	int24	Next initalized tick above the specified tick

getPositions()​

Returns the information about a position.

Inputs​

Field	Type	Explanation
owner	address	position owner
tickLower	int24	position's lower tick
tickUpper	int24	position's upper tick

Outputs​

Field	Type	Explanation
liquidity	uint128	position's liquidity amount
feeGrowthInsideLast	uint256	last cached fee growth inside the position as of the last action performed

getPoolState()​

Primarily returns the pool's current price and ticks, and whether it is locked.

Field	Type	Explanation
sqrtP	uint160	current sqrt price, multiplied by $2^{96}$
currentTick	int24	current tick that closely reflects sqrtP
nearestCurrentTick	int24	nearest initialized tick that is <= currentTick
locked	bool	true if pool is locked, false otherwise

getLiquidityState()​

Fetches the pool's liquidity values.

Field	Type	Explanation
baseL	uint128	total liquidity provided by active positions
reinvestL	uint128	liquidity is reinvested into the pool
reinvestLLast	uint128	last cached value of reinvestL, used for calculating reinvestment token qty

getFeeGrowthGlobal()​

Returns the all-time fee growth per unit of liquidity of the pool. More information can be found here.

getSecondsPerLiquidityData()​

Field	Type	Explanation
secondsPerLiquidityGlobal	uint128	all-time seconds per unit of liquidity of the pool.
lastUpdateTime	uint32	timestamp of last performed updated to secondsPerLiquidityGlobal

getSecondsPerLiquidityInside()​

Calculates and returns the active time per unit of liquidity until up to the current timestamp.

Input​

Field	Type	Explanation
tickLower	int24	a lower tick
tickUpper	int24	an upper tick

Output​

Field	Type	Explanation
secondsPerLiquidityInside	uint128	active time between tickLower and tickUpper. Note that its value is multiplied by $296296$.

_initPoolStorage()​

Used by the pool to initialize relevant pool variables.

_positionKey()​

Calculates the key to the positions mapping. It is simply the keccak256 hash of a specified address and lower and upper ticks.

PoolTicksState​

Inherits PoolStorage. Contains functions for updating a tick's, position's or pool's state.

_updatePosition()​

Calls _updateTick on a position's lower and upper tick, calculates the fee growth inside between the 2 ticks and updates the position by calling _updatePositionData().

Returns the calculated reinvestment tokens to be minted for the position's accumulated fees.

_updateLiquidityAndCrossTick()​

Called by the pool when crossing a tick. Updates the tick's outside values (read more here), and applies any change in liquidity to the pool's base liquidity.

Returns the new base liquidity and next tick values.

_updatePoolData()​

Called after a pool swap's calculations are completed, and new values are to be assigned to the pool's price, liquidity and tick values.

_getInitialSwapData()​

Returns the stored pool's price, liquidity and tick values before swap calculations are to be performed.

_updatePositionData()​

Updates a position's liquidity and feeGrowthInside value. Also calculates the reinvestment tokens to be minted for the position's accumulated fees.

_updateTick()​

Initializes / updates / deletes a tick's state (liquidity, outside values) and if required, inserts and removes the tick from the linked list by calling _updateTickList().

_updateTickList()​

Add / remove a specified tick to / from the linked list. No changes are applied if the specified tick is either the MIN_TICK or MAX_TICK.