Files
solana-agent-kit/src/tools/orca_create_single_sided_liquidity_pool.ts
2024-12-30 14:37:47 +05:30

423 lines
14 KiB
TypeScript

import {
Keypair,
PublicKey,
TransactionMessage,
VersionedTransaction,
} from "@solana/web3.js";
import { SolanaAgentKit } from "../agent";
import { BN, Wallet } from "@coral-xyz/anchor";
import { Decimal } from "decimal.js";
import {
PDAUtil,
ORCA_WHIRLPOOL_PROGRAM_ID,
WhirlpoolContext,
TickUtil,
PriceMath,
PoolUtil,
TokenExtensionContextForPool,
NO_TOKEN_EXTENSION_CONTEXT,
TokenExtensionUtil,
WhirlpoolIx,
IncreaseLiquidityQuoteParam,
increaseLiquidityQuoteByInputTokenWithParams,
} from "@orca-so/whirlpools-sdk";
import {
Percentage,
resolveOrCreateATAs,
TransactionBuilder,
} from "@orca-so/common-sdk";
import {
increaseLiquidityIx,
increaseLiquidityV2Ix,
initTickArrayIx,
openPositionWithTokenExtensionsIx,
} from "@orca-so/whirlpools-sdk/dist/instructions";
import {
getAssociatedTokenAddressSync,
TOKEN_2022_PROGRAM_ID,
} from "@solana/spl-token";
import { sendTx } from "../utils/send_tx";
/**
* Maps fee tier bps to their corresponding tick spacing values in the Orca Whirlpool protocol.
*
* @remarks
* Fee tiers determine the percentage of fees collected on swaps, while tick spacing affects
* the granularity of price ranges for liquidity positions.
*
* For more details, refer to:
* - [Whirlpool Fees](https://orca-so.github.io/whirlpools/Architecture%20Overview/Whirlpool%20Fees)
* - [Whirlpool Parameters](https://orca-so.github.io/whirlpools/Architecture%20Overview/Whirlpool%20Parameters)
*
* @example
* const tickSpacing = FEE_TIERS[1]; // returns 1
*/
export const FEE_TIERS = {
1: 1,
2: 2,
4: 4,
5: 8,
16: 16,
30: 64,
65: 96,
100: 128,
200: 256,
} as const;
/**
* # Creates a single-sided liquidity pool.
*
* This function initializes a new Whirlpool (liquidity pool) on Orca and seeds it with liquidity from a single token.
*
* ## Example Usage:
* You created a new token called SHARK, and you want to set the initial price to 0.001 USDC.
* You set `depositTokenMint` to SHARK's mint address and `otherTokenMint` to USDC's mint address.
* You can minimize price impact for buyers in a few ways:
* 1. Increase the amount of tokens you deposit
* 2. Set the initial price very low
* 3. Set the maximum price closer to the initial price
*
* ### Note for experts:
* The Wrhirlpool program initializes the Whirlpool with the in a specific order. This might not be
* the order you expect, so the function checks the order and adjusts the inverts the prices. This means that
* on-chain the Whirlpool might be configured as USDC/SHARK instead of SHARK/USDC, and the on-chain price will
* be 1/`initialPrice`. This will not affect the price of the token as you intended it to be.
*
* @param agent - The `SolanaAgentKit` instance representing the wallet and connection details.
* @param depositTokenAmount - The amount of the deposit token to deposit in the pool.
* @param depositTokenMint - The mint address of the token being deposited into the pool, eg. SHARK.
* @param otherTokenMint - The mint address of the other token in the pool, eg. USDC.
* @param initialPrice - The initial price of the deposit token in terms of the other token.
* @param maxPrice - The maximum price at which liquidity is added.
* @param feeTier - The fee tier bps for the pool, determining tick spacing and fee collection rates.
*
* @returns A promise that resolves to a transaction ID (`string`) of the transaction creating the pool.
*
* @throws Will throw an error if:
* - Mint accounts for the tokens cannot be fetched.
* - Prices are out of bounds.
*
* @remarks
* This function is designed for single-sided deposits where users only contribute one type of token,
* and the function manages mint order and necessary calculations.
*/
export async function orcaCreateSingleSidedLiquidityPool(
agent: SolanaAgentKit,
depositTokenAmount: number,
depositTokenMint: PublicKey,
otherTokenMint: PublicKey,
initialPrice: Decimal,
maxPrice: Decimal,
feeTierBps: keyof typeof FEE_TIERS,
): Promise<string> {
try {
let whirlpoolsConfigAddress: PublicKey;
if (agent.connection.rpcEndpoint.includes("mainnet")) {
whirlpoolsConfigAddress = new PublicKey(
"2LecshUwdy9xi7meFgHtFJQNSKk4KdTrcpvaB56dP2NQ",
);
} else if (agent.connection.rpcEndpoint.includes("devnet")) {
whirlpoolsConfigAddress = new PublicKey(
"FcrweFY1G9HJAHG5inkGB6pKg1HZ6x9UC2WioAfWrGkR",
);
} else {
throw new Error("Unsupported network");
}
const wallet = new Wallet(agent.wallet);
const ctx = WhirlpoolContext.from(
agent.connection,
wallet,
ORCA_WHIRLPOOL_PROGRAM_ID,
);
const fetcher = ctx.fetcher;
const correctTokenOrder = PoolUtil.orderMints(
otherTokenMint,
depositTokenMint,
).map((addr) => addr.toString());
const isCorrectMintOrder =
correctTokenOrder[0] === depositTokenMint.toString();
let mintA, mintB;
if (isCorrectMintOrder) {
[mintA, mintB] = [depositTokenMint, otherTokenMint];
} else {
[mintA, mintB] = [otherTokenMint, depositTokenMint];
initialPrice = new Decimal(1 / initialPrice.toNumber());
maxPrice = new Decimal(1 / maxPrice.toNumber());
}
const mintAAccount = await fetcher.getMintInfo(mintA);
const mintBAccount = await fetcher.getMintInfo(mintB);
if (mintAAccount === null || mintBAccount === null) {
throw Error("Mint account not found");
}
const tickSpacing = FEE_TIERS[feeTierBps];
const tickIndex = PriceMath.priceToTickIndex(
initialPrice,
mintAAccount.decimals,
mintBAccount.decimals,
);
const initialTick = TickUtil.getInitializableTickIndex(
tickIndex,
tickSpacing,
);
const tokenExtensionCtx: TokenExtensionContextForPool = {
...NO_TOKEN_EXTENSION_CONTEXT,
tokenMintWithProgramA: mintAAccount,
tokenMintWithProgramB: mintBAccount,
};
const feeTierKey = PDAUtil.getFeeTier(
ORCA_WHIRLPOOL_PROGRAM_ID,
whirlpoolsConfigAddress,
tickSpacing,
).publicKey;
const initSqrtPrice = PriceMath.tickIndexToSqrtPriceX64(initialTick);
const tokenVaultAKeypair = Keypair.generate();
const tokenVaultBKeypair = Keypair.generate();
const whirlpoolPda = PDAUtil.getWhirlpool(
ORCA_WHIRLPOOL_PROGRAM_ID,
whirlpoolsConfigAddress,
mintA,
mintB,
FEE_TIERS[feeTierBps],
);
const tokenBadgeA = PDAUtil.getTokenBadge(
ORCA_WHIRLPOOL_PROGRAM_ID,
whirlpoolsConfigAddress,
mintA,
).publicKey;
const tokenBadgeB = PDAUtil.getTokenBadge(
ORCA_WHIRLPOOL_PROGRAM_ID,
whirlpoolsConfigAddress,
mintB,
).publicKey;
const baseParamsPool = {
initSqrtPrice,
whirlpoolsConfig: whirlpoolsConfigAddress,
whirlpoolPda,
tokenMintA: mintA,
tokenMintB: mintB,
tokenVaultAKeypair,
tokenVaultBKeypair,
feeTierKey,
tickSpacing: tickSpacing,
funder: wallet.publicKey,
};
const initPoolIx = !TokenExtensionUtil.isV2IxRequiredPool(tokenExtensionCtx)
? WhirlpoolIx.initializePoolIx(ctx.program, baseParamsPool)
: WhirlpoolIx.initializePoolV2Ix(ctx.program, {
...baseParamsPool,
tokenProgramA: tokenExtensionCtx.tokenMintWithProgramA.tokenProgram,
tokenProgramB: tokenExtensionCtx.tokenMintWithProgramB.tokenProgram,
tokenBadgeA,
tokenBadgeB,
});
const initialTickArrayStartTick = TickUtil.getStartTickIndex(
initialTick,
tickSpacing,
);
const initialTickArrayPda = PDAUtil.getTickArray(
ctx.program.programId,
whirlpoolPda.publicKey,
initialTickArrayStartTick,
);
const txBuilder = new TransactionBuilder(
ctx.provider.connection,
ctx.provider.wallet,
ctx.txBuilderOpts,
);
txBuilder.addInstruction(initPoolIx);
txBuilder.addInstruction(
initTickArrayIx(ctx.program, {
startTick: initialTickArrayStartTick,
tickArrayPda: initialTickArrayPda,
whirlpool: whirlpoolPda.publicKey,
funder: wallet.publicKey,
}),
);
let tickLowerIndex, tickUpperIndex;
if (isCorrectMintOrder) {
tickLowerIndex = initialTick;
tickUpperIndex = PriceMath.priceToTickIndex(
maxPrice,
mintAAccount.decimals,
mintBAccount.decimals,
);
} else {
tickLowerIndex = PriceMath.priceToTickIndex(
maxPrice,
mintAAccount.decimals,
mintBAccount.decimals,
);
tickUpperIndex = initialTick;
}
const tickLowerInitializableIndex = TickUtil.getInitializableTickIndex(
tickLowerIndex,
tickSpacing,
);
const tickUpperInitializableIndex = TickUtil.getInitializableTickIndex(
tickUpperIndex,
tickSpacing,
);
if (
!TickUtil.checkTickInBounds(tickLowerInitializableIndex) ||
!TickUtil.checkTickInBounds(tickUpperInitializableIndex)
) {
throw Error("Prices out of bounds");
}
depositTokenAmount = isCorrectMintOrder
? depositTokenAmount * Math.pow(10, mintAAccount.decimals)
: depositTokenAmount * Math.pow(10, mintBAccount.decimals);
const increasLiquidityQuoteParam: IncreaseLiquidityQuoteParam = {
inputTokenAmount: new BN(depositTokenAmount),
inputTokenMint: depositTokenMint,
tokenMintA: mintA,
tokenMintB: mintB,
tickCurrentIndex: initialTick,
sqrtPrice: initSqrtPrice,
tickLowerIndex: tickLowerInitializableIndex,
tickUpperIndex: tickUpperInitializableIndex,
tokenExtensionCtx: tokenExtensionCtx,
slippageTolerance: Percentage.fromFraction(0, 100),
};
const liquidityInput = increaseLiquidityQuoteByInputTokenWithParams(
increasLiquidityQuoteParam,
);
const { liquidityAmount: liquidity, tokenMaxA, tokenMaxB } = liquidityInput;
const positionMintKeypair = Keypair.generate();
const positionMintPubkey = positionMintKeypair.publicKey;
const positionPda = PDAUtil.getPosition(
ORCA_WHIRLPOOL_PROGRAM_ID,
positionMintPubkey,
);
const positionTokenAccountAddress = getAssociatedTokenAddressSync(
positionMintPubkey,
wallet.publicKey,
ctx.accountResolverOpts.allowPDAOwnerAddress,
TOKEN_2022_PROGRAM_ID,
);
const params = {
funder: wallet.publicKey,
owner: wallet.publicKey,
positionPda,
positionTokenAccount: positionTokenAccountAddress,
whirlpool: whirlpoolPda.publicKey,
tickLowerIndex: tickLowerInitializableIndex,
tickUpperIndex: tickUpperInitializableIndex,
};
const positionIx = openPositionWithTokenExtensionsIx(ctx.program, {
...params,
positionMint: positionMintPubkey,
withTokenMetadataExtension: true,
});
txBuilder.addInstruction(positionIx);
txBuilder.addSigner(positionMintKeypair);
const [ataA, ataB] = await resolveOrCreateATAs(
ctx.connection,
wallet.publicKey,
[
{ tokenMint: mintA, wrappedSolAmountIn: tokenMaxA },
{ tokenMint: mintB, wrappedSolAmountIn: tokenMaxB },
],
() => ctx.fetcher.getAccountRentExempt(),
wallet.publicKey,
undefined,
ctx.accountResolverOpts.allowPDAOwnerAddress,
"ata",
);
const { address: tokenOwnerAccountA, ...tokenOwnerAccountAIx } = ataA;
const { address: tokenOwnerAccountB, ...tokenOwnerAccountBIx } = ataB;
txBuilder.addInstruction(tokenOwnerAccountAIx);
txBuilder.addInstruction(tokenOwnerAccountBIx);
const tickArrayLowerStartIndex = TickUtil.getStartTickIndex(
tickLowerInitializableIndex,
tickSpacing,
);
const tickArrayUpperStartIndex = TickUtil.getStartTickIndex(
tickUpperInitializableIndex,
tickSpacing,
);
const tickArrayLowerPda = PDAUtil.getTickArray(
ctx.program.programId,
whirlpoolPda.publicKey,
tickArrayLowerStartIndex,
);
const tickArrayUpperPda = PDAUtil.getTickArray(
ctx.program.programId,
whirlpoolPda.publicKey,
tickArrayUpperStartIndex,
);
if (tickArrayUpperStartIndex !== tickArrayLowerStartIndex) {
if (isCorrectMintOrder) {
txBuilder.addInstruction(
initTickArrayIx(ctx.program, {
startTick: tickArrayUpperStartIndex,
tickArrayPda: tickArrayUpperPda,
whirlpool: whirlpoolPda.publicKey,
funder: wallet.publicKey,
}),
);
} else {
txBuilder.addInstruction(
initTickArrayIx(ctx.program, {
startTick: tickArrayLowerStartIndex,
tickArrayPda: tickArrayLowerPda,
whirlpool: whirlpoolPda.publicKey,
funder: wallet.publicKey,
}),
);
}
}
const baseParamsLiquidity = {
liquidityAmount: liquidity,
tokenMaxA,
tokenMaxB,
whirlpool: whirlpoolPda.publicKey,
positionAuthority: wallet.publicKey,
position: positionPda.publicKey,
positionTokenAccount: positionTokenAccountAddress,
tokenOwnerAccountA,
tokenOwnerAccountB,
tokenVaultA: tokenVaultAKeypair.publicKey,
tokenVaultB: tokenVaultBKeypair.publicKey,
tickArrayLower: tickArrayLowerPda.publicKey,
tickArrayUpper: tickArrayUpperPda.publicKey,
};
const liquidityIx = !TokenExtensionUtil.isV2IxRequiredPool(
tokenExtensionCtx,
)
? increaseLiquidityIx(ctx.program, baseParamsLiquidity)
: increaseLiquidityV2Ix(ctx.program, {
...baseParamsLiquidity,
tokenMintA: mintA,
tokenMintB: mintB,
tokenProgramA: tokenExtensionCtx.tokenMintWithProgramA.tokenProgram,
tokenProgramB: tokenExtensionCtx.tokenMintWithProgramB.tokenProgram,
});
txBuilder.addInstruction(liquidityIx);
const txPayload = await txBuilder.build();
const instructions = TransactionMessage.decompile(
(txPayload.transaction as VersionedTransaction).message,
).instructions;
const txId = await sendTx(agent, instructions, [
positionMintKeypair,
tokenVaultAKeypair,
tokenVaultBKeypair,
]);
return txId;
} catch (error) {
throw new Error(`Failed to send transaction: ${JSON.stringify(error)}`);
}
}