Files
rippled/src/ripple/protocol/Quality.h
JoelKatz 22a375a5f4 Add support for tick sizes (RIPD-1363):
Add an amendment to allow gateways to set a "tick size"
for assets they issue. There are no changes unless the
amendment is enabled (since the tick size option cannot
be set).

With the amendment enabled:

AccountSet transactions may set a "TickSize" parameter.
Legal values are 0 and 3-15 inclusive. Zero removes the
setting. 3-15 allow that many decimal digits of precision
in the pricing of offers for assets issued by this account.

For asset pairs with XRP, the tick size imposed, if any,
is the tick size of the issuer of the non-XRP asset. For
asset pairs without XRP, the tick size imposed, if any,
is the smaller of the two issuer's configured tick sizes.

The tick size is imposed by rounding the offer quality
down to nearest tick and recomputing the non-critical
side of the offer. For a buy, the amount offered is
rounded down. For a sell, the amount charged is rounded up.

Gateways must enable a TickSize on their account for this
feature to benefit them.

The primary expected benefit is the elimination of bots
fighting over the tip of the order book. This means:

- Quicker price discovery as outpricing someone by a
  microscopic amount is made impossible. Currently
  bots can spend hours outbidding each other with no
  significant price movement.

- A reduction in offer creation and cancellation spam.

- More offers left on the books as priority means
  something when you can't outbid by a microscopic amount.
2016-12-23 14:36:11 -08:00

277 lines
7.3 KiB
C++

//------------------------------------------------------------------------------
/*
This file is part of rippled: https://github.com/ripple/rippled
Copyright (c) 2012, 2013 Ripple Labs Inc.
Permission to use, copy, modify, and/or distribute this software for any
purpose with or without fee is hereby granted, provided that the above
copyright notice and this permission notice appear in all copies.
THE SOFTWARE IS PROVIDED "AS IS" AND THE AUTHOR DISCLAIMS ALL WARRANTIES
WITH REGARD TO THIS SOFTWARE INCLUDING ALL IMPLIED WARRANTIES OF
MERCHANTABILITY AND FITNESS. IN NO EVENT SHALL THE AUTHOR BE LIABLE FOR
ANY SPECIAL , DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES
WHATSOEVER RESULTING FROM LOSS OF USE, DATA OR PROFITS, WHETHER IN AN
ACTION OF CONTRACT, NEGLIGENCE OR OTHER TORTIOUS ACTION, ARISING OUT OF
OR IN CONNECTION WITH THE USE OR PERFORMANCE OF THIS SOFTWARE.
*/
//==============================================================================
#ifndef RIPPLE_PROTOCOL_QUALITY_H_INCLUDED
#define RIPPLE_PROTOCOL_QUALITY_H_INCLUDED
#include <ripple/protocol/AmountConversions.h>
#include <ripple/protocol/IOUAmount.h>
#include <ripple/protocol/STAmount.h>
#include <ripple/protocol/XRPAmount.h>
#include <cstdint>
#include <ostream>
namespace ripple {
/** Represents a pair of input and output currencies.
The input currency can be converted to the output
currency by multiplying by the rate, represented by
Quality.
For offers, "in" is always TakerPays and "out" is
always TakerGets.
*/
template<class In, class Out>
struct TAmounts
{
TAmounts() = default;
TAmounts (beast::Zero, beast::Zero)
: in (beast::zero)
, out (beast::zero)
{
}
TAmounts (In const& in_, Out const& out_)
: in (in_)
, out (out_)
{
}
/** Returns `true` if either quantity is not positive. */
bool
empty() const noexcept
{
return in <= zero || out <= zero;
}
TAmounts& operator+=(TAmounts const& rhs)
{
in += rhs.in;
out += rhs.out;
return *this;
}
TAmounts& operator-=(TAmounts const& rhs)
{
in -= rhs.in;
out -= rhs.out;
return *this;
}
In in;
Out out;
};
template<class In, class Out>
TAmounts<In, Out> make_Amounts(In const& in, Out const& out)
{
return TAmounts<In, Out>(in, out);
}
using Amounts = TAmounts<STAmount, STAmount>;
template<class In, class Out>
bool
operator== (
TAmounts<In, Out> const& lhs,
TAmounts<In, Out> const& rhs) noexcept
{
return lhs.in == rhs.in && lhs.out == rhs.out;
}
template<class In, class Out>
bool
operator!= (
TAmounts<In, Out> const& lhs,
TAmounts<In, Out> const& rhs) noexcept
{
return ! (lhs == rhs);
}
//------------------------------------------------------------------------------
// Ripple specific constant used for parsing qualities and other things
#define QUALITY_ONE 1000000000
/** Represents the logical ratio of output currency to input currency.
Internally this is stored using a custom floating point representation,
as the inverse of the ratio, so that quality will be descending in
a sequence of actual values that represent qualities.
*/
class Quality
{
public:
// Type of the internal representation. Higher qualities
// have lower unsigned integer representations.
using value_type = std::uint64_t;
static const int minTickSize = 3;
static const int maxTickSize = 16;
private:
value_type m_value;
public:
Quality() = default;
/** Create a quality from the integer encoding of an STAmount */
explicit
Quality (std::uint64_t value);
/** Create a quality from the ratio of two amounts. */
explicit
Quality (Amounts const& amount);
/** Create a quality from the ratio of two amounts. */
template<class In, class Out>
Quality (Out const& out, In const& in)
: Quality (Amounts (toSTAmount (in),
toSTAmount (out)))
{}
/** Advances to the next higher quality level. */
/** @{ */
Quality&
operator++();
Quality
operator++ (int);
/** @} */
/** Advances to the next lower quality level. */
/** @{ */
Quality&
operator--();
Quality
operator-- (int);
/** @} */
/** Returns the quality as STAmount. */
STAmount
rate () const
{
return amountFromQuality (m_value);
}
/** Returns the quality rounded up to the specified number
of decimal digits.
*/
Quality
round (int tickSize) const;
/** Returns the scaled amount with in capped.
Math is avoided if the result is exact. The output is clamped
to prevent money creation.
*/
Amounts
ceil_in (Amounts const& amount, STAmount const& limit) const;
template<class In, class Out>
TAmounts<In, Out>
ceil_in (TAmounts<In, Out> const& amount, In const& limit) const
{
if (amount.in <= limit)
return amount;
// Use the existing STAmount implementation for now, but consider
// replacing with code specific to IOUAMount and XRPAmount
Amounts stAmt (toSTAmount (amount.in), toSTAmount (amount.out));
STAmount stLim (toSTAmount (limit));
auto const stRes = ceil_in (stAmt, stLim);
return TAmounts<In, Out> (toAmount<In> (stRes.in), toAmount<Out> (stRes.out));
}
/** Returns the scaled amount with out capped.
Math is avoided if the result is exact. The input is clamped
to prevent money creation.
*/
Amounts
ceil_out (Amounts const& amount, STAmount const& limit) const;
template<class In, class Out>
TAmounts<In, Out>
ceil_out (TAmounts<In, Out> const& amount, Out const& limit) const
{
if (amount.out <= limit)
return amount;
// Use the existing STAmount implementation for now, but consider
// replacing with code specific to IOUAMount and XRPAmount
Amounts stAmt (toSTAmount (amount.in), toSTAmount (amount.out));
STAmount stLim (toSTAmount (limit));
auto const stRes = ceil_out (stAmt, stLim);
return TAmounts<In, Out> (toAmount<In> (stRes.in), toAmount<Out> (stRes.out));
}
/** Returns `true` if lhs is lower quality than `rhs`.
Lower quality means the taker receives a worse deal.
Higher quality is better for the taker.
*/
friend
bool
operator< (Quality const& lhs, Quality const& rhs) noexcept
{
return lhs.m_value > rhs.m_value;
}
friend
bool
operator> (Quality const& lhs, Quality const& rhs) noexcept
{
return lhs.m_value < rhs.m_value;
}
friend
bool
operator== (Quality const& lhs, Quality const& rhs) noexcept
{
return lhs.m_value == rhs.m_value;
}
friend
bool
operator!= (Quality const& lhs, Quality const& rhs) noexcept
{
return ! (lhs == rhs);
}
friend
std::ostream&
operator<< (std::ostream& os, Quality const& quality)
{
os << quality.m_value;
return os;
}
};
/** Calculate the quality of a two-hop path given the two hops.
@param lhs The first leg of the path: input to intermediate.
@param rhs The second leg of the path: intermediate to output.
*/
Quality
composed_quality (Quality const& lhs, Quality const& rhs);
}
#endif