Files
solana-agent-kit/src/tools/create_orca_single_sided_whirlpool.ts
Arihant Bansal ed689f5efd fixes and renames
2024-12-22 01:20:29 +05:30

430 lines
14 KiB
TypeScript

import { Keypair, PublicKey, Transaction } from "@solana/web3.js";
import { SolanaAgent } from "../index";
import { BN, Wallet } from "@coral-xyz/anchor";
import { Decimal } from "decimal.js";
import {
PDAUtil,
ORCA_WHIRLPOOL_PROGRAM_ID,
ORCA_WHIRLPOOLS_CONFIG,
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 percentages 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[0.30]; // Returns 64
*/
export const FEE_TIERS = {
0.01: 1,
0.02: 2,
0.04: 4,
0.05: 8,
0.16: 16,
0.3: 64,
0.65: 96,
1.0: 128,
2.0: 256,
} as const;
/**
* # Creates a single-sided Whirlpool.
*
* 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 (including the decimals) to contribute to 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 percentage 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.
*
* @example
* ```typescript
* import { SolanaAgentKit } from "your-sdk";
* import { PublicKey } from "@solana/web3.js";
* import { BN } from "@coral-xyz/anchor";
* import Decimal from "decimal.js";
*
* const agent = new SolanaAgentKit(wallet, connection);
* const depositAmount = new BN(1_000_000_000_000); // 1 million SHARK if SHARK has 6 decimals
* const depositTokenMint = new PublicKey("DEPOSTI_TOKEN_ADDRESS");
* const otherTokenMint = new PublicKey("OTHER_TOKEN_ADDRESS");
* const initialPrice = new Decimal(0.001);
* const maxPrice = new Decimal(5.0);
* const feeTier = 0.30;
*
* const txId = await createOrcaSingleSidedWhirlpool(
* agent,
* depositAmount,
* depositTokenMint,
* otherTokenMint,
* initialPrice,
* maxPrice,
* feeTier,
* );
* console.log(`Single sided whirlpool created in transaction: ${txId}`);
* ```
*/
export async function createOrcaSingleSidedWhirlpool(
agent: SolanaAgent,
depositTokenAmount: BN,
depositTokenMint: PublicKey,
otherTokenMint: PublicKey,
initialPrice: Decimal,
maxPrice: Decimal,
feeTier: keyof typeof FEE_TIERS,
): Promise<string> {
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[feeTier];
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,
ORCA_WHIRLPOOLS_CONFIG,
tickSpacing,
).publicKey;
const initSqrtPrice = PriceMath.tickIndexToSqrtPriceX64(initialTick);
const tokenVaultAKeypair = Keypair.generate();
const tokenVaultBKeypair = Keypair.generate();
const whirlpoolPda = PDAUtil.getWhirlpool(
ORCA_WHIRLPOOL_PROGRAM_ID,
ORCA_WHIRLPOOLS_CONFIG,
mintA,
mintB,
FEE_TIERS[feeTier],
);
const tokenBadgeA = PDAUtil.getTokenBadge(
ORCA_WHIRLPOOL_PROGRAM_ID,
ORCA_WHIRLPOOLS_CONFIG,
mintA,
).publicKey;
const tokenBadgeB = PDAUtil.getTokenBadge(
ORCA_WHIRLPOOL_PROGRAM_ID,
ORCA_WHIRLPOOLS_CONFIG,
mintB,
).publicKey;
const baseParamsPool = {
initSqrtPrice,
whirlpoolsConfig: ORCA_WHIRLPOOLS_CONFIG,
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");
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,
ctx.accountResolverOpts.createWrappedSolAccountMethod,
);
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({
maxSupportedTransactionVersion: "legacy",
});
if (txPayload.transaction instanceof Transaction) {
try {
const txId = await sendTx(agent, txPayload.transaction, [
positionMintKeypair,
tokenVaultAKeypair,
tokenVaultBKeypair,
]);
return txId;
} catch (error) {
throw new Error(`Failed to create pool: ${JSON.stringify(error)}`);
}
} else {
throw new Error("Failed to create pool: Transaction not created");
}
}