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 296296296296

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 296296296296

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 296296296296.

_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.

Last updated

#477: Elastic fee tier and token launches

Change request updated