SynthSwap
This section discusses the different methods in the Curve SynthSwap contract.
Adding and Finding Swappable Assets¶
In general, any asset that is within a Curve pool also containing a Synth may be used in a cross asset swap.
SynthSwap.add_synth
¶
def add_synth(_synth: address, _pool: address)
Add a new swappable synth. This method is callable by anyone, however _pool
must exist within the Curve pool registry and _synth
must be a valid synth that is swappable within the pool.
Input | Type | Description |
---|---|---|
_synth | address | Address of the synth |
_pool | address | Address of Curve pool containing the synth |
Emits: NewSynth
Source code
@external
def add_synth(_synth: address, _pool: address):
"""
@notice Add a new swappable synth
@dev Callable by anyone, however `_pool` must exist within the Curve
pool registry and `_synth` must be a valid synth that is swappable
within the pool
@param _synth Address of the synth to add
@param _pool Address of the Curve pool where `_synth` is swappable
"""
assert self.synth_pools[_synth] == ZERO_ADDRESS # dev: already added
# this will revert if `_synth` is not actually a synth
self.currency_keys[_synth] = Synth(_synth).currencyKey()
registry: address = AddressProvider(ADDRESS_PROVIDER).get_registry()
pool_coins: address[8] = Registry(registry).get_coins(_pool)
has_synth: bool = False
for coin in pool_coins:
if coin == ZERO_ADDRESS:
assert has_synth # dev: synth not in pool
break
if coin == _synth:
self.synth_pools[_synth] = _pool
has_synth = True
self.swappable_synth[coin] = _synth
log NewSynth(_synth, _pool)
SynthSwap.synth_pools
¶
SynthSwap.synth_pools(_synth: address) → address: view
Get the address of the Curve pool used to swap a synthetic asset. If this function returns ZERO_ADDRESS
, the given synth cannot be used within cross-asset swaps.
Input | Type | Description |
---|---|---|
_synth | address | Address of the synth |
Source code
SynthSwap.swappable_synth
¶
SynthSwap.swappable_synth(_token: address) → address: view
Get the address of the synthetic asset that _token
may be directly swapped for. If this function returns ZERO_ADDRESS
, _token
cannot be used within a cross-asset swap.
Input | Type | Description |
---|---|---|
_token | address | Address of the synth |
Source code
Estimate Swap Amounts¶
SynthSwap.get_swap_into_synth_amount
¶
SynthSwap.get_swap_into_synth_amount(_from: address, _synth: address, _amount: uint256) → uint256: view
Returns the expected amount of _synth
received in the swap.
Input | Type | Description |
---|---|---|
_from | address | Address of the initial asset being exchanged |
_synth | address | Address of the synth being swapped into |
_amount | uint256 | Amount of _from to swap |
Source code
@view
@internal
def _get_swap_into(_from: address, _synth: address, _amount: uint256) -> uint256:
registry: address = AddressProvider(ADDRESS_PROVIDER).get_registry()
intermediate_synth: address = self.swappable_synth[_from]
pool: address = self.synth_pools[intermediate_synth]
synth_amount: uint256 = _amount
if _from != intermediate_synth:
i: int128 = 0
j: int128 = 0
i, j = Registry(registry).get_coin_indices(pool, _from, intermediate_synth)
synth_amount = Curve(pool).get_dy(i, j, _amount)
return self.exchanger.getAmountsForExchange(
synth_amount,
self.currency_keys[intermediate_synth],
self.currency_keys[_synth],
)[0]
@view
@external
def get_swap_into_synth_amount(_from: address, _synth: address, _amount: uint256) -> uint256:
"""
@notice Return the amount received when performing a cross-asset swap
@dev Used to calculate `_expected` when calling `swap_into_synth`. Be sure to
reduce the value slightly to account for market movement prior to the
transaction confirmation.
@param _from Address of the initial asset being exchanged
@param _synth Address of the synth being swapped into
@param _amount Amount of `_from` to swap
@return uint256 Expected amount of `_synth` received
"""
return self._get_swap_into(_from, _synth, _amount)
Note
This method is used to calculate _expected
when calling swap_into_synth
. You should reduce the value slightly to account for market movement prior to the transaction confirming.
SynthSwap.get_swap_from_synth_amount
¶
SynthSwap.get_swap_from_synth_amount(_synth: address, _to: address, _amount: uint256) → uint256: view
Returns the expected amount of _to
received in the swap.
Input | Type | Description |
---|---|---|
_synth | address | Address of the synth being swapped out of |
_to | address | Address of the asset to swap into |
_amount | uint256 | Amount of _synth to swap |
Source code
@view
@internal
def _get_swap_from(_synth: address, _to: address, _amount: uint256) -> uint256:
registry: address = AddressProvider(ADDRESS_PROVIDER).get_registry()
pool: address = self.synth_pools[_synth]
i: int128 = 0
j: int128 = 0
i, j = Registry(registry).get_coin_indices(pool, _synth, _to)
return Curve(pool).get_dy(i, j, _amount)
@view
@external
def get_swap_from_synth_amount(_synth: address, _to: address, _amount: uint256) -> uint256:
"""
@notice Return the amount received when swapping out of a settled synth
@dev Used to calculate `_expected` when calling `swap_from_synth`. Be sure to
reduce the value slightly to account for market movement prior to the
transaction confirmation.
@param _synth Address of the synth being swapped out of
@param _to Address of the asset to swap into
@param _amount Amount of `_synth` being exchanged
@return uint256 Expected amount of `_to` received
"""
return self._get_swap_from(_synth, _to, _amount)
SynthSwap.get_estimated_swap_amount
¶
SynthSwap.get_estimated_swap_amount(_from: address, _to: address, _amount: uint256) → uint256: view
Estimate the final amount of _to
received when swapping between _from
and _to
.
Input | Type | Description |
---|---|---|
_from | address | Address of the initial asset being exchanged |
_to | address | Address of the asset to swap into |
_amount | uint256 | Amount of _from to swap |
Source code
@view
@internal
def _get_swap_into(_from: address, _synth: address, _amount: uint256) -> uint256:
registry: address = AddressProvider(ADDRESS_PROVIDER).get_registry()
intermediate_synth: address = self.swappable_synth[_from]
pool: address = self.synth_pools[intermediate_synth]
synth_amount: uint256 = _amount
if _from != intermediate_synth:
i: int128 = 0
j: int128 = 0
i, j = Registry(registry).get_coin_indices(pool, _from, intermediate_synth)
synth_amount = Curve(pool).get_dy(i, j, _amount)
return self.exchanger.getAmountsForExchange(
synth_amount,
self.currency_keys[intermediate_synth],
self.currency_keys[_synth],
)[0]
...
@view
@internal
def _get_swap_from(_synth: address, _to: address, _amount: uint256) -> uint256:
registry: address = AddressProvider(ADDRESS_PROVIDER).get_registry()
pool: address = self.synth_pools[_synth]
i: int128 = 0
j: int128 = 0
i, j = Registry(registry).get_coin_indices(pool, _synth, _to)
return Curve(pool).get_dy(i, j, _amount)
...
@view
@external
def get_estimated_swap_amount(_from: address, _to: address, _amount: uint256) -> uint256:
"""
@notice Estimate the final amount received when swapping between `_from` and `_to`
@dev Actual received amount may be different if synth rates change during settlement
@param _from Address of the initial asset being exchanged
@param _to Address of the asset to swap into
@param _amount Amount of `_from` being exchanged
@return uint256 Estimated amount of `_to` received
"""
synth: address = self.swappable_synth[_to]
synth_amount: uint256 = self._get_swap_into(_from, synth, _amount)
return self._get_swap_from(synth, _to, synth_amount)
Note
This method is for estimating the received amount from a complete swap over two transactions. If _to
is a Synth, you should use get_swap_into_synth_amount
instead.
Note
As swaps take a settlement period into account, the actual received amount may be different due to rate changes during the settlement period.
Initiate a Swap¶
SynthSwap.swap_into_synth
¶
SynthSwap.swap_into_synth(_from: address, _synth: address, _amount: uint256, _expected: uint256, _receiver: address = msg.sender, _existing_token_id: uint256 = 0) → uint256: payable
Perform a cross-asset swap between _from
and _synth
. Returns the uint256
token ID of the NFT representing the unsettled swap. The token ID is also available from the emitted TokenUpdate
event.
Input | Type | Description |
---|---|---|
_from | address | Address of the initial asset being exchanged. For Ether swaps, use 0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE . |
_synth | address | Address of the synth to swap into |
_amount | uint256 | Amount of _from to swap. If you are swapping from Ether, you must also send exactly this much Ether with the transaction. If you are swapping any other asset, you must have given approval to the swap contract to transfer at least this amount. |
_expected | uint256 | Minimum amount of _synth to receive |
_receiver | address | Address of the recipient of _synth . Defaults to the msg.sender . |
_existing_token_id | uint256 | Token ID to deposit _synth into. If not given, a new NFT is minted for the generated synth. When set as non-zero, the token ID must be owned by the caller and must already represent the same synth as is being swapped into. |
Emits: NewSettler Transfer TokenUpdate
Source code
@payable
@external
def swap_into_synth(
_from: address,
_synth: address,
_amount: uint256,
_expected: uint256,
_receiver: address = msg.sender,
_existing_token_id: uint256 = 0,
) -> uint256:
"""
@notice Perform a cross-asset swap between `_from` and `_synth`
@dev Synth swaps require a settlement time to complete and so the newly
generated synth cannot immediately be transferred onward. Calling
this function mints an NFT which represents ownership of the generated
synth. Once the settlement time has passed, the owner may claim the
synth by calling to `swap_from_synth` or `withdraw`.
@param _from Address of the initial asset being exchanged
@param _synth Address of the synth being swapped into
@param _amount Amount of `_from` to swap
@param _expected Minimum amount of `_synth` to receive
@param _receiver Address of the recipient of `_synth`, if not given
defaults to `msg.sender`
@param _existing_token_id Token ID to deposit `_synth` into. If left as 0, a new NFT
is minted for the generated synth. If non-zero, the token ID
must be owned by `msg.sender` and must represent the same
synth as is being swapped into.
@return uint256 NFT token ID
"""
settler: address = ZERO_ADDRESS
token_id: uint256 = 0
if _existing_token_id == 0:
# if no token ID is given we are initiating a new swap
count: uint256 = self.id_count
if count == 0:
# if there are no availale settler contracts we must deploy a new one
settler = create_forwarder_to(self.settler_implementation)
Settler(settler).initialize()
token_id = convert(settler, uint256)
log NewSettler(settler)
else:
count -= 1
token_id = self.available_token_ids[count]
settler = convert(token_id % (2**160), address)
self.id_count = count
else:
# if a token ID is given we are adding to the balance of an existing swap
# so must check to make sure this is a permitted action
settler = convert(_existing_token_id % (2**160), address)
token_id = _existing_token_id
owner: address = self.id_to_owner[_existing_token_id]
if msg.sender != owner:
assert owner != ZERO_ADDRESS, "Unknown Token ID"
assert (
self.owner_to_operators[owner][msg.sender] or
msg.sender == self.id_to_approval[_existing_token_id]
), "Caller is not owner or operator"
assert owner == _receiver, "Receiver is not owner"
assert Settler(settler).synth() == _synth, "Incorrect synth for Token ID"
registry_swap: address = AddressProvider(ADDRESS_PROVIDER).get_address(2)
intermediate_synth: address = self.swappable_synth[_from]
synth_amount: uint256 = 0
if intermediate_synth == _from:
# if `_from` is already a synth, no initial curve exchange is required
assert ERC20(_from).transferFrom(msg.sender, settler, _amount)
synth_amount = _amount
else:
if _from != 0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE:
# Vyper equivalent of SafeERC20Transfer, handles most ERC20 return values
response: Bytes[32] = raw_call(
_from,
concat(
method_id("transferFrom(address,address,uint256)"),
convert(msg.sender, bytes32),
convert(self, bytes32),
convert(_amount, bytes32),
),
max_outsize=32,
)
if len(response) != 0:
assert convert(response, bool)
if not self.is_approved[_from][registry_swap]:
response = raw_call(
_from,
concat(
method_id("approve(address,uint256)"),
convert(registry_swap, bytes32),
convert(MAX_UINT256, bytes32),
),
max_outsize=32,
)
if len(response) != 0:
assert convert(response, bool)
self.is_approved[_from][registry_swap] = True
# use Curve to exchange for initial synth, which is sent to the settler
synth_amount = RegistrySwap(registry_swap).exchange(
self.synth_pools[intermediate_synth],
_from,
intermediate_synth,
_amount,
0,
settler,
value=msg.value
)
# use Synthetix to convert initial synth into the target synth
initial_balance: uint256 = ERC20(_synth).balanceOf(settler)
Settler(settler).convert_synth(
_synth,
synth_amount,
self.currency_keys[intermediate_synth],
self.currency_keys[_synth]
)
final_balance: uint256 = ERC20(_synth).balanceOf(settler)
assert final_balance - initial_balance >= _expected, "Rekt by slippage"
# if this is a new swap, mint an NFT to represent the unsettled conversion
if _existing_token_id == 0:
self.id_to_owner[token_id] = _receiver
self.owner_to_token_count[_receiver] += 1
log Transfer(ZERO_ADDRESS, _receiver, token_id)
log TokenUpdate(token_id, _receiver, _synth, final_balance)
return token_id
>>> alice = accounts[0]
>>> synth_swap = Contract('0x58A3c68e2D3aAf316239c003779F71aCb870Ee47')
>>> dai = Contract('0x6b175474e89094c44da98b954eedeac495271d0f')
>>> sbtc = Contract('0xfe18be6b3bd88a2d2a7f928d00292e7a9963cfc6')
>>> expected = synth_swap.get_swap_into_synth_amount(dai, sbtc, dai.balanceOf(alice)) * 0.99
>>> tx = synth_swap.swap_into_synth(dai, sbtc, expected, {'from': alice})
Transaction sent: 0x83b311af19be08b8ec6241c3e834ccdf3b22586971de82a76a641e43bdf2b3ee
Gas price: 20 gwei Gas limit: 1200000 Nonce: 5
>>> tx.events['TokenUpdate']['token_id']
2423994707895209386239865227163451060473904619065
Note
Synth swaps require a settlement time to complete and so the newly generated synth cannot immediately be transferred onward. Calling this function mints an NFT representing ownership of the unsettled synth.
Get Info about an Unsettled Swap¶
SynthSwap.token_info
¶
SynthSwap.token_info(_token_id: uint256) → address, address, uint256, uint256: view
Get information about the underlying synth represented by an NFT.
Returns:
- the
address
of the owner of the NFT - the
address
of the underlying synth - the balance (
uint256
) of the underlying synth - the current maximum number of seconds until the synth may be settled (
uint256
)
Input | Type | Description |
---|---|---|
_token_id | uint256 | NFT token ID to query info about. Reverts if the token ID does not exist. |
Source code
@view
@external
def token_info(_token_id: uint256) -> TokenInfo:
"""
@notice Get information about the synth represented by an NFT
@param _token_id NFT token ID to query info about
@return NFT owner
Address of synth within the NFT
Balance of the synth
Max settlement time in seconds
"""
info: TokenInfo = empty(TokenInfo)
info.owner = self.id_to_owner[_token_id]
assert info.owner != ZERO_ADDRESS
settler: address = convert(_token_id % (2**160), address)
info.synth = Settler(settler).synth()
info.underlying_balance = ERC20(info.synth).balanceOf(settler)
if not self.is_settled[_token_id]:
currency_key: bytes32 = self.currency_keys[info.synth]
reclaim: uint256 = 0
rebate: uint256 = 0
reclaim, rebate = self.exchanger.settlementOwing(settler, currency_key)
info.underlying_balance = info.underlying_balance - reclaim + rebate
info.time_to_settle = self.exchanger.maxSecsLeftInWaitingPeriod(settler, currency_key)
return info
>>> synth_swap = Contract('0x58A3c68e2D3aAf316239c003779F71aCb870Ee47')
>>> synthswap.token_info(2423994707895209386239865227163451060473904619065).dict()
{
'owner': "0xEF422dBBF46120dE627fFb913C9AFaD44c735618",
'synth': "0x57Ab1ec28D129707052df4dF418D58a2D46d5f51",
'time_to_settle': 0,
'underlying_balance': 1155647333395694644849
}
Complete a Swap¶
SynthSwap.swap_from_synth
¶
SynthSwap.swap_from_synth(_token_id: uint256, _to: address, _amount: uint256, _expected: uint256, _receiver: address = msg.sender) → uint256: nonpayable
Swap the underlying synth represented by an NFT into another asset. Callable by the owner or operator of _token_id
after the synth settlement period has passed. If _amount
is equal to the total remaining balance of the synth represented by the NFT, the NFT is burned.
Returns the remaining balance of the underlying synth within the active NFT.
Input | Type | Description |
---|---|---|
_token_id | uint256 | The identifier for an NFT |
_to | address | Address of the asset to swap into |
_amount | uint256 | Amount of the underlying synth to swap |
_expected | uint256 | Minimum amount of _to to receive |
_receiver | address | Address to send the final received asset to. Defaults to msg.sender . |
Emits: Transfer TokenUpdate
Source code
@external
def swap_from_synth(
_token_id: uint256,
_to: address,
_amount: uint256,
_expected: uint256,
_receiver: address = msg.sender,
) -> uint256:
"""
@notice Swap the synth represented by an NFT into another asset.
@dev Callable by the owner or operator of `_token_id` after the synth settlement
period has passed. If `_amount` is equal to the entire balance within
the NFT, the NFT is burned.
@param _token_id The identifier for an NFT
@param _to Address of the asset to swap into
@param _amount Amount of the synth to swap
@param _expected Minimum amount of `_to` to receive
@param _receiver Address of the recipient of the synth,
if not given defaults to `msg.sender`
@return uint256 Synth balance remaining in `_token_id`
"""
owner: address = self.id_to_owner[_token_id]
if msg.sender != self.id_to_owner[_token_id]:
assert owner != ZERO_ADDRESS, "Unknown Token ID"
assert (
self.owner_to_operators[owner][msg.sender] or
msg.sender == self.id_to_approval[_token_id]
), "Caller is not owner or operator"
settler: address = convert(_token_id % (2**160), address)
synth: address = self.swappable_synth[_to]
pool: address = self.synth_pools[synth]
# ensure the synth is settled prior to swapping
if not self.is_settled[_token_id]:
currency_key: bytes32 = self.currency_keys[synth]
self.exchanger.settle(settler, currency_key)
self.is_settled[_token_id] = True
# use Curve to exchange the synth for another asset which is sent to the receiver
remaining: uint256 = Settler(settler).exchange(_to, pool, _amount, _expected, _receiver)
# if the balance of the synth within the NFT is now zero, burn the NFT
if remaining == 0:
self.id_to_owner[_token_id] = ZERO_ADDRESS
self.id_to_approval[_token_id] = ZERO_ADDRESS
self.is_settled[_token_id] = False
self.owner_to_token_count[msg.sender] -= 1
count: uint256 = self.id_count
# add 2**160 to increment the nonce for next time this settler is used
self.available_token_ids[count] = _token_id + 2**160
self.id_count = count + 1
owner = ZERO_ADDRESS
synth = ZERO_ADDRESS
log Transfer(msg.sender, ZERO_ADDRESS, _token_id)
log TokenUpdate(_token_id, owner, synth, remaining)
return remaining
>>> wbtc = Contract('0x2260fac5e5542a773aa44fbcfedf7c193bc2c599')
>>> amount = synth_swap.token_info(token_id)['underlying_balance']
>>> expected = swynth_swap.get_swap_from_synth_amount(sbtc, wbtc, amount) * 0.99
>>> synth_swap.swap_from_synth(token_id, wbtc, amount, expected, {'from': alice})
Transaction sent: 0x83b311af19be08b8ec6241c3e834ccdf3b22586971de82a76a641e43bdf2b3ee
Gas price: 20 gwei Gas limit: 800000 Nonce: 6
SynthSwap.withdraw
¶
StableSwap.withdraw(_token_id: uint256, _amount: uint256, _receiver: address = msg.sender) → uint256: nonpayable
Withdraw the underlying synth represented by an NFT. Callable by the owner or operator of _token_id
after the synth settlement period has passed. If _amount
is equal to the total remaining balance of the synth represented by the NFT, the NFT is burned.
Returns the remaining balance of the underlying synth within the active NFT.
Input | Type | Description |
---|---|---|
_token_id | uint256 | The identifier for an NFT |
_amount | uint256 | Amount of the underlying synth to swap |
_receiver | address | Address of the recipient of the withdrawn synth. Defaults to the msg.sender . |
Emits: Transfer TokenUpdate
Source code
@external
def withdraw(_token_id: uint256, _amount: uint256, _receiver: address = msg.sender) -> uint256:
"""
@notice Withdraw the synth represented by an NFT.
@dev Callable by the owner or operator of `_token_id` after the synth settlement
period has passed. If `_amount` is equal to the entire balance within
the NFT, the NFT is burned.
@param _token_id The identifier for an NFT
@param _amount Amount of the synth to withdraw
@param _receiver Address of the recipient of the synth,
if not given defaults to `msg.sender`
@return uint256 Synth balance remaining in `_token_id`
"""
owner: address = self.id_to_owner[_token_id]
if msg.sender != self.id_to_owner[_token_id]:
assert owner != ZERO_ADDRESS, "Unknown Token ID"
assert (
self.owner_to_operators[owner][msg.sender] or
msg.sender == self.id_to_approval[_token_id]
), "Caller is not owner or operator"
settler: address = convert(_token_id % (2**160), address)
synth: address = Settler(settler).synth()
# ensure the synth is settled prior to withdrawal
if not self.is_settled[_token_id]:
currency_key: bytes32 = self.currency_keys[synth]
self.exchanger.settle(settler, currency_key)
self.is_settled[_token_id] = True
remaining: uint256 = Settler(settler).withdraw(_receiver, _amount)
# if the balance of the synth within the NFT is now zero, burn the NFT
if remaining == 0:
self.id_to_owner[_token_id] = ZERO_ADDRESS
self.id_to_approval[_token_id] = ZERO_ADDRESS
self.is_settled[_token_id] = False
self.owner_to_token_count[msg.sender] -= 1
count: uint256 = self.id_count
# add 2**160 to increment the nonce for next time this settler is used
self.available_token_ids[count] = _token_id + 2**160
self.id_count = count + 1
owner = ZERO_ADDRESS
synth = ZERO_ADDRESS
log Transfer(msg.sender, ZERO_ADDRESS, _token_id)
log TokenUpdate(_token_id, owner, synth, remaining)
return remaining
SynthSwap.settle
¶
StableSwap.settle(_token_id: uint256) → bool: nonpayable
Settle the synth represented in an NFT. Note that settlement is performed when swapping or withdrawing, there is no requirement to call this function separately. Returns True
.
Input | Type | Description |
---|---|---|
_token_id | uint256 | The identifier for an NFT |
Source code
@external
def settle(_token_id: uint256) -> bool:
"""
@notice Settle the synth represented in an NFT.
@dev Settlement is performed when swapping or withdrawing, there
is no requirement to call this function separately.
@param _token_id The identifier for an NFT
@return bool Success
"""
if not self.is_settled[_token_id]:
assert self.id_to_owner[_token_id] != ZERO_ADDRESS, "Unknown Token ID"
settler: address = convert(_token_id % (2**160), address)
synth: address = Settler(settler).synth()
currency_key: bytes32 = self.currency_keys[synth]
self.exchanger.settle(settler, currency_key) # dev: settlement failed
self.is_settled[_token_id] = True
return True