//------------------------------------------------------------------------------ /* This file is part of rippled: https://github.com/ripple/rippled Copyright (c) 2023 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. */ //============================================================================== #include #include #include #include #include #include #include #include #include #include #include #include #include #include #include #include namespace ripple { namespace test { struct AMM_test : public jtx::AMMTest { private: void testInstanceCreate() { testcase("Instance Create"); using namespace jtx; // XRP to IOU testAMM([&](AMM& ammAlice, Env&) { BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), USD(10'000), IOUAmount{10'000'000, 0})); }); // IOU to IOU testAMM( [&](AMM& ammAlice, Env&) { BEAST_EXPECT(ammAlice.expectBalances( USD(20'000), BTC(0.5), IOUAmount{100, 0})); }, {{USD(20'000), BTC(0.5)}}); // IOU to IOU + transfer fee { Env env{*this}; fund(env, gw, {alice}, {USD(20'000), BTC(0.5)}, Fund::All); env(rate(gw, 1.25)); env.close(); // no transfer fee on create AMM ammAlice(env, alice, USD(20'000), BTC(0.5)); BEAST_EXPECT(ammAlice.expectBalances( USD(20'000), BTC(0.5), IOUAmount{100, 0})); BEAST_EXPECT(expectLine(env, alice, USD(0))); BEAST_EXPECT(expectLine(env, alice, BTC(0))); } // Require authorization is set, account is authorized { Env env{*this}; env.fund(XRP(30'000), gw, alice); env.close(); env(fset(gw, asfRequireAuth)); env.close(); env.trust(USD(30'000), alice); env.close(); env(trust(gw, alice["USD"](30'000)), txflags(tfSetfAuth)); env.close(); env(pay(gw, alice, USD(10'000))); env.close(); AMM ammAlice(env, alice, XRP(10'000), USD(10'000)); } // Cleared global freeze { Env env{*this}; env.fund(XRP(30'000), gw, alice); env.close(); env.trust(USD(30'000), alice); env.close(); env(pay(gw, alice, USD(10'000))); env.close(); env(fset(gw, asfGlobalFreeze)); env.close(); AMM ammAliceFail( env, alice, XRP(10'000), USD(10'000), ter(tecFROZEN)); env(fclear(gw, asfGlobalFreeze)); env.close(); AMM ammAlice(env, alice, XRP(10'000), USD(10'000)); } // Trading fee testAMM( [&](AMM& amm, Env&) { BEAST_EXPECT(amm.expectTradingFee(1'000)); BEAST_EXPECT(amm.expectAuctionSlot(100, 0, IOUAmount{0})); }, std::nullopt, 1'000); } void testInvalidInstance() { testcase("Invalid Instance"); using namespace jtx; // Can't have both XRP tokens { Env env{*this}; fund(env, gw, {alice}, {USD(30'000)}, Fund::All); AMM ammAlice( env, alice, XRP(10'000), XRP(10'000), ter(temBAD_AMM_TOKENS)); BEAST_EXPECT(!ammAlice.ammExists()); } // Can't have both tokens the same IOU { Env env{*this}; fund(env, gw, {alice}, {USD(30'000)}, Fund::All); AMM ammAlice( env, alice, USD(10'000), USD(10'000), ter(temBAD_AMM_TOKENS)); BEAST_EXPECT(!ammAlice.ammExists()); } // Can't have zero or negative amounts { Env env{*this}; fund(env, gw, {alice}, {USD(30'000)}, Fund::All); AMM ammAlice(env, alice, XRP(0), USD(10'000), ter(temBAD_AMOUNT)); BEAST_EXPECT(!ammAlice.ammExists()); AMM ammAlice1(env, alice, XRP(10'000), USD(0), ter(temBAD_AMOUNT)); BEAST_EXPECT(!ammAlice1.ammExists()); AMM ammAlice2( env, alice, XRP(10'000), USD(-10'000), ter(temBAD_AMOUNT)); BEAST_EXPECT(!ammAlice2.ammExists()); AMM ammAlice3( env, alice, XRP(-10'000), USD(10'000), ter(temBAD_AMOUNT)); BEAST_EXPECT(!ammAlice3.ammExists()); } // Bad currency { Env env{*this}; fund(env, gw, {alice}, {USD(30'000)}, Fund::All); AMM ammAlice( env, alice, XRP(10'000), BAD(10'000), ter(temBAD_CURRENCY)); BEAST_EXPECT(!ammAlice.ammExists()); } // Insufficient IOU balance { Env env{*this}; fund(env, gw, {alice}, {USD(30'000)}, Fund::All); AMM ammAlice( env, alice, XRP(10'000), USD(40'000), ter(tecUNFUNDED_AMM)); BEAST_EXPECT(!ammAlice.ammExists()); } // Insufficient XRP balance { Env env{*this}; fund(env, gw, {alice}, {USD(30'000)}, Fund::All); AMM ammAlice( env, alice, XRP(40'000), USD(10'000), ter(tecUNFUNDED_AMM)); BEAST_EXPECT(!ammAlice.ammExists()); } // Invalid trading fee { Env env{*this}; fund(env, gw, {alice}, {USD(30'000)}, Fund::All); AMM ammAlice( env, alice, XRP(10'000), USD(10'000), false, 65'001, 10, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_FEE)); BEAST_EXPECT(!ammAlice.ammExists()); } // AMM already exists testAMM([&](AMM& ammAlice, Env& env) { AMM ammCarol( env, carol, XRP(10'000), USD(10'000), ter(tecDUPLICATE)); }); // Invalid flags { Env env{*this}; fund(env, gw, {alice}, {USD(30'000)}, Fund::All); AMM ammAlice( env, alice, XRP(10'000), USD(10'000), false, 0, 10, tfWithdrawAll, std::nullopt, std::nullopt, ter(temINVALID_FLAG)); BEAST_EXPECT(!ammAlice.ammExists()); } // Invalid Account { Env env{*this}; Account bad("bad"); env.memoize(bad); AMM ammAlice( env, bad, XRP(10'000), USD(10'000), false, 0, 10, std::nullopt, seq(1), std::nullopt, ter(terNO_ACCOUNT)); BEAST_EXPECT(!ammAlice.ammExists()); } // Require authorization is set { Env env{*this}; env.fund(XRP(30'000), gw, alice); env.close(); env(fset(gw, asfRequireAuth)); env.close(); env(trust(gw, alice["USD"](30'000))); env.close(); AMM ammAlice(env, alice, XRP(10'000), USD(10'000), ter(tecNO_AUTH)); BEAST_EXPECT(!ammAlice.ammExists()); } // Globally frozen { Env env{*this}; env.fund(XRP(30'000), gw, alice); env.close(); env(fset(gw, asfGlobalFreeze)); env.close(); env(trust(gw, alice["USD"](30'000))); env.close(); AMM ammAlice(env, alice, XRP(10'000), USD(10'000), ter(tecFROZEN)); BEAST_EXPECT(!ammAlice.ammExists()); } // Individually frozen { Env env{*this}; env.fund(XRP(30'000), gw, alice); env.close(); env(trust(gw, alice["USD"](30'000))); env.close(); env(trust(gw, alice["USD"](0), tfSetFreeze)); env.close(); AMM ammAlice(env, alice, XRP(10'000), USD(10'000), ter(tecFROZEN)); BEAST_EXPECT(!ammAlice.ammExists()); } // Insufficient reserve, XRP/IOU { Env env(*this); auto const starting_xrp = XRP(1'000) + reserve(env, 3) + env.current()->fees().base * 4; env.fund(starting_xrp, gw); env.fund(starting_xrp, alice); env.trust(USD(2'000), alice); env.close(); env(pay(gw, alice, USD(2'000))); env.close(); env(offer(alice, XRP(101), USD(100))); env(offer(alice, XRP(102), USD(100))); AMM ammAlice( env, alice, XRP(1'000), USD(1'000), ter(tecUNFUNDED_AMM)); } // Insufficient reserve, IOU/IOU { Env env(*this); auto const starting_xrp = reserve(env, 4) + env.current()->fees().base * 5; env.fund(starting_xrp, gw); env.fund(starting_xrp, alice); env.trust(USD(2'000), alice); env.trust(EUR(2'000), alice); env.close(); env(pay(gw, alice, USD(2'000))); env(pay(gw, alice, EUR(2'000))); env.close(); env(offer(alice, EUR(101), USD(100))); env(offer(alice, EUR(102), USD(100))); AMM ammAlice( env, alice, EUR(1'000), USD(1'000), ter(tecINSUF_RESERVE_LINE)); } // Insufficient fee { Env env(*this); fund(env, gw, {alice}, XRP(2'000), {USD(2'000), EUR(2'000)}); AMM ammAlice( env, alice, EUR(1'000), USD(1'000), false, 0, ammCrtFee(env).drops() - 1, std::nullopt, std::nullopt, std::nullopt, ter(telINSUF_FEE_P)); } // AMM with LPTokens // AMM with one LPToken from another AMM. testAMM([&](AMM& ammAlice, Env& env) { fund(env, gw, {alice}, {EUR(10'000)}, Fund::IOUOnly); AMM ammAMMToken( env, alice, EUR(10'000), STAmount{ammAlice.lptIssue(), 1'000'000}, ter(tecAMM_INVALID_TOKENS)); AMM ammAMMToken1( env, alice, STAmount{ammAlice.lptIssue(), 1'000'000}, EUR(10'000), ter(tecAMM_INVALID_TOKENS)); }); // AMM with two LPTokens from other AMMs. testAMM([&](AMM& ammAlice, Env& env) { fund(env, gw, {alice}, {EUR(10'000)}, Fund::IOUOnly); AMM ammAlice1(env, alice, XRP(10'000), EUR(10'000)); auto const token1 = ammAlice.lptIssue(); auto const token2 = ammAlice1.lptIssue(); AMM ammAMMTokens( env, alice, STAmount{token1, 1'000'000}, STAmount{token2, 1'000'000}, ter(tecAMM_INVALID_TOKENS)); }); // Issuer has DefaultRipple disabled { Env env(*this); env.fund(XRP(30'000), gw); env(fclear(gw, asfDefaultRipple)); AMM ammGw(env, gw, XRP(10'000), USD(10'000), ter(terNO_RIPPLE)); env.fund(XRP(30'000), alice); env.trust(USD(30'000), alice); env(pay(gw, alice, USD(30'000))); AMM ammAlice( env, alice, XRP(10'000), USD(10'000), ter(terNO_RIPPLE)); Account const gw1("gw1"); env.fund(XRP(30'000), gw1); env(fclear(gw1, asfDefaultRipple)); env.trust(USD(30'000), gw1); env(pay(gw, gw1, USD(30'000))); auto const USD1 = gw1["USD"]; AMM ammGwGw1(env, gw, USD(10'000), USD1(10'000), ter(terNO_RIPPLE)); env.trust(USD1(30'000), alice); env(pay(gw1, alice, USD1(30'000))); AMM ammAlice1( env, alice, USD(10'000), USD1(10'000), ter(terNO_RIPPLE)); } // Issuer has clawback enabled { Env env(*this); env.fund(XRP(1'000), gw); env(fset(gw, asfAllowTrustLineClawback)); fund(env, gw, {alice}, XRP(1'000), {USD(1'000)}, Fund::Acct); env.close(); AMM amm(env, gw, XRP(100), USD(100), ter(tecNO_PERMISSION)); AMM amm1(env, alice, USD(100), XRP(100), ter(tecNO_PERMISSION)); env(fclear(gw, asfAllowTrustLineClawback)); env.close(); // Can't be cleared AMM amm2(env, gw, XRP(100), USD(100), ter(tecNO_PERMISSION)); } } void testInvalidDeposit() { testcase("Invalid Deposit"); using namespace jtx; testAMM([&](AMM& ammAlice, Env& env) { // Invalid flags ammAlice.deposit( alice, 1'000'000, std::nullopt, tfWithdrawAll, ter(temINVALID_FLAG)); // Invalid options std::vector, std::optional, std::optional, std::optional, std::optional, std::optional>> invalidOptions = { // flags, tokens, asset1In, asset2in, EPrice, tfee {tfLPToken, 1'000, std::nullopt, USD(100), std::nullopt, std::nullopt}, {tfLPToken, 1'000, XRP(100), std::nullopt, std::nullopt, std::nullopt}, {tfLPToken, 1'000, std::nullopt, std::nullopt, STAmount{USD, 1, -1}, std::nullopt}, {tfLPToken, std::nullopt, USD(100), std::nullopt, STAmount{USD, 1, -1}, std::nullopt}, {tfLPToken, 1'000, XRP(100), std::nullopt, STAmount{USD, 1, -1}, std::nullopt}, {tfLPToken, 1'000, std::nullopt, std::nullopt, std::nullopt, 1'000}, {tfSingleAsset, 1'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt}, {tfSingleAsset, std::nullopt, std::nullopt, USD(100), std::nullopt, std::nullopt}, {tfSingleAsset, std::nullopt, std::nullopt, std::nullopt, STAmount{USD, 1, -1}, std::nullopt}, {tfSingleAsset, std::nullopt, USD(100), std::nullopt, std::nullopt, 1'000}, {tfTwoAsset, 1'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt}, {tfTwoAsset, std::nullopt, XRP(100), USD(100), STAmount{USD, 1, -1}, std::nullopt}, {tfTwoAsset, std::nullopt, XRP(100), std::nullopt, std::nullopt, std::nullopt}, {tfTwoAsset, std::nullopt, XRP(100), USD(100), std::nullopt, 1'000}, {tfTwoAsset, std::nullopt, std::nullopt, USD(100), STAmount{USD, 1, -1}, std::nullopt}, {tfOneAssetLPToken, 1'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt}, {tfOneAssetLPToken, std::nullopt, XRP(100), USD(100), std::nullopt, std::nullopt}, {tfOneAssetLPToken, std::nullopt, XRP(100), std::nullopt, STAmount{USD, 1, -1}, std::nullopt}, {tfOneAssetLPToken, 1'000, XRP(100), std::nullopt, std::nullopt, 1'000}, {tfLimitLPToken, 1'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt}, {tfLimitLPToken, 1'000, USD(100), std::nullopt, std::nullopt, std::nullopt}, {tfLimitLPToken, std::nullopt, USD(100), XRP(100), std::nullopt, std::nullopt}, {tfLimitLPToken, std::nullopt, XRP(100), std::nullopt, STAmount{USD, 1, -1}, 1'000}, {tfTwoAssetIfEmpty, std::nullopt, std::nullopt, std::nullopt, std::nullopt, 1'000}, {tfTwoAssetIfEmpty, 1'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt}, {tfTwoAssetIfEmpty, std::nullopt, XRP(100), USD(100), STAmount{USD, 1, -1}, std::nullopt}, }; for (auto const& it : invalidOptions) { ammAlice.deposit( alice, std::get<1>(it), std::get<2>(it), std::get<3>(it), std::get<4>(it), std::get<0>(it), std::nullopt, std::nullopt, std::get<5>(it), ter(temMALFORMED)); } // Invalid tokens ammAlice.deposit( alice, 0, std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); ammAlice.deposit( alice, IOUAmount{-1}, std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); // Invalid tokens - bogus currency { auto const iss1 = Issue{Currency(0xabc), gw.id()}; auto const iss2 = Issue{Currency(0xdef), gw.id()}; ammAlice.deposit( alice, 1'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt, {{iss1, iss2}}, std::nullopt, std::nullopt, ter(terNO_AMM)); } // Depositing mismatched token, invalid Asset1In.issue ammAlice.deposit( alice, GBP(100), std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); // Depositing mismatched token, invalid Asset2In.issue ammAlice.deposit( alice, USD(100), GBP(100), std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); // Depositing mismatched token, Asset1In.issue == Asset2In.issue ammAlice.deposit( alice, USD(100), USD(100), std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); // Invalid amount value ammAlice.deposit( alice, USD(0), std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMOUNT)); ammAlice.deposit( alice, USD(-1'000), std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMOUNT)); ammAlice.deposit( alice, USD(10), std::nullopt, USD(-1), std::nullopt, ter(temBAD_AMOUNT)); // Bad currency ammAlice.deposit( alice, BAD(100), std::nullopt, std::nullopt, std::nullopt, ter(temBAD_CURRENCY)); // Invalid Account Account bad("bad"); env.memoize(bad); ammAlice.deposit( bad, 1'000'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, seq(1), std::nullopt, ter(terNO_ACCOUNT)); // Invalid AMM ammAlice.deposit( alice, 1'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt, {{USD, GBP}}, std::nullopt, std::nullopt, ter(terNO_AMM)); // Single deposit: 100000 tokens worth of USD // Amount to deposit exceeds Max ammAlice.deposit( carol, 100'000, USD(200), std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_FAILED)); // Single deposit: 100000 tokens worth of XRP // Amount to deposit exceeds Max ammAlice.deposit( carol, 100'000, XRP(200), std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_FAILED)); // Deposit amount is invalid // Calculated amount to deposit is 98,000,000 ammAlice.deposit( alice, USD(0), std::nullopt, STAmount{USD, 1, -1}, std::nullopt, ter(tecUNFUNDED_AMM)); // Calculated amount is 0 ammAlice.deposit( alice, USD(0), std::nullopt, STAmount{USD, 2'000, -6}, std::nullopt, ter(tecAMM_FAILED)); // Tiny deposit ammAlice.deposit( carol, IOUAmount{1, -4}, std::nullopt, std::nullopt, ter(temBAD_AMOUNT)); ammAlice.deposit( carol, STAmount{USD, 1, -12}, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); // Deposit non-empty AMM ammAlice.deposit( carol, XRP(100), USD(100), std::nullopt, tfTwoAssetIfEmpty, ter(tecAMM_NOT_EMPTY)); }); // Invalid AMM testAMM([&](AMM& ammAlice, Env& env) { ammAlice.withdrawAll(alice); ammAlice.deposit( alice, 10'000, std::nullopt, std::nullopt, ter(terNO_AMM)); }); // Globally frozen asset testAMM([&](AMM& ammAlice, Env& env) { env(fset(gw, asfGlobalFreeze)); // Can deposit non-frozen token ammAlice.deposit(carol, XRP(100)); ammAlice.deposit( carol, USD(100), std::nullopt, std::nullopt, std::nullopt, ter(tecFROZEN)); ammAlice.deposit( carol, 1'000'000, std::nullopt, std::nullopt, ter(tecFROZEN)); }); // Individually frozen (AMM) account testAMM([&](AMM& ammAlice, Env& env) { env(trust(gw, carol["USD"](0), tfSetFreeze)); env.close(); // Can deposit non-frozen token ammAlice.deposit(carol, XRP(100)); ammAlice.deposit( carol, 1'000'000, std::nullopt, std::nullopt, ter(tecFROZEN)); ammAlice.deposit( carol, USD(100), std::nullopt, std::nullopt, std::nullopt, ter(tecFROZEN)); env(trust(gw, carol["USD"](0), tfClearFreeze)); // Individually frozen AMM env(trust( gw, STAmount{Issue{gw["USD"].currency, ammAlice.ammAccount()}, 0}, tfSetFreeze)); env.close(); // Can deposit non-frozen token ammAlice.deposit(carol, XRP(100)); ammAlice.deposit( carol, 1'000'000, std::nullopt, std::nullopt, ter(tecFROZEN)); ammAlice.deposit( carol, USD(100), std::nullopt, std::nullopt, std::nullopt, ter(tecFROZEN)); }); // Insufficient XRP balance testAMM([&](AMM& ammAlice, Env& env) { env.fund(XRP(1'000), bob); env.close(); // Adds LPT trustline ammAlice.deposit(bob, XRP(10)); ammAlice.deposit( bob, XRP(1'000), std::nullopt, std::nullopt, std::nullopt, ter(tecUNFUNDED_AMM)); }); // Insufficient USD balance testAMM([&](AMM& ammAlice, Env& env) { fund(env, gw, {bob}, {USD(1'000)}, Fund::Acct); env.close(); ammAlice.deposit( bob, USD(1'001), std::nullopt, std::nullopt, std::nullopt, ter(tecUNFUNDED_AMM)); }); // Insufficient USD balance by tokens testAMM([&](AMM& ammAlice, Env& env) { fund(env, gw, {bob}, {USD(1'000)}, Fund::Acct); env.close(); ammAlice.deposit( bob, 10'000'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, ter(tecUNFUNDED_AMM)); }); // Insufficient XRP balance by tokens testAMM([&](AMM& ammAlice, Env& env) { env.fund(XRP(1'000), bob); env.trust(USD(100'000), bob); env.close(); env(pay(gw, bob, USD(90'000))); env.close(); ammAlice.deposit( bob, 10'000'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, ter(tecUNFUNDED_AMM)); }); // Insufficient reserve, XRP/IOU { Env env(*this); auto const starting_xrp = reserve(env, 4) + env.current()->fees().base * 4; env.fund(XRP(10'000), gw); env.fund(XRP(10'000), alice); env.fund(starting_xrp, carol); env.trust(USD(2'000), alice); env.trust(USD(2'000), carol); env.close(); env(pay(gw, alice, USD(2'000))); env(pay(gw, carol, USD(2'000))); env.close(); env(offer(carol, XRP(100), USD(101))); env(offer(carol, XRP(100), USD(102))); AMM ammAlice(env, alice, XRP(1'000), USD(1'000)); ammAlice.deposit( carol, XRP(100), std::nullopt, std::nullopt, std::nullopt, ter(tecINSUF_RESERVE_LINE)); } // Insufficient reserve, IOU/IOU { Env env(*this); auto const starting_xrp = reserve(env, 4) + env.current()->fees().base * 4; env.fund(XRP(10'000), gw); env.fund(XRP(10'000), alice); env.fund(starting_xrp, carol); env.trust(USD(2'000), alice); env.trust(EUR(2'000), alice); env.trust(USD(2'000), carol); env.trust(EUR(2'000), carol); env.close(); env(pay(gw, alice, USD(2'000))); env(pay(gw, alice, EUR(2'000))); env(pay(gw, carol, USD(2'000))); env(pay(gw, carol, EUR(2'000))); env.close(); env(offer(carol, XRP(100), USD(101))); env(offer(carol, XRP(100), USD(102))); AMM ammAlice(env, alice, XRP(1'000), USD(1'000)); ammAlice.deposit( carol, XRP(100), std::nullopt, std::nullopt, std::nullopt, ter(tecINSUF_RESERVE_LINE)); } // Invalid min testAMM([&](AMM& ammAlice, Env& env) { // min tokens can't be <= zero ammAlice.deposit( carol, 0, XRP(100), tfSingleAsset, ter(temBAD_AMM_TOKENS)); ammAlice.deposit( carol, -1, XRP(100), tfSingleAsset, ter(temBAD_AMM_TOKENS)); ammAlice.deposit( carol, 0, XRP(100), USD(100), std::nullopt, tfTwoAsset, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); // min amounts can't be <= zero ammAlice.deposit( carol, 1'000, XRP(0), USD(100), std::nullopt, tfTwoAsset, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMOUNT)); ammAlice.deposit( carol, 1'000, XRP(100), USD(-1), std::nullopt, tfTwoAsset, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMOUNT)); // min amount bad currency ammAlice.deposit( carol, 1'000, XRP(100), BAD(100), std::nullopt, tfTwoAsset, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_CURRENCY)); // min amount bad token pair ammAlice.deposit( carol, 1'000, XRP(100), XRP(100), std::nullopt, tfTwoAsset, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); ammAlice.deposit( carol, 1'000, XRP(100), GBP(100), std::nullopt, tfTwoAsset, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); }); // Min deposit testAMM([&](AMM& ammAlice, Env& env) { // Equal deposit by tokens ammAlice.deposit( carol, 1'000'000, XRP(1'000), USD(1'001), std::nullopt, tfLPToken, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_FAILED)); ammAlice.deposit( carol, 1'000'000, XRP(1'001), USD(1'000), std::nullopt, tfLPToken, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_FAILED)); // Equal deposit by asset ammAlice.deposit( carol, 100'001, XRP(100), USD(100), std::nullopt, tfTwoAsset, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_FAILED)); // Single deposit by asset ammAlice.deposit( carol, 488'090, XRP(1'000), std::nullopt, std::nullopt, tfSingleAsset, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_FAILED)); }); } void testDeposit() { testcase("Deposit"); using namespace jtx; // Equal deposit: 1000000 tokens, 10% of the current pool testAMM([&](AMM& ammAlice, Env& env) { ammAlice.deposit(carol, 1'000'000); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(11'000), IOUAmount{11'000'000, 0})); // 30,000 less deposited 1,000 BEAST_EXPECT(expectLine(env, carol, USD(29'000))); // 30,000 less deposited 1,000 and 10 drops tx fee BEAST_EXPECT( expectLedgerEntryRoot(env, carol, XRPAmount{28'999'999'990})); }); // Equal limit deposit: deposit USD100 and XRP proportionally // to the pool composition not to exceed 100XRP. If the amount // exceeds 100XRP then deposit 100XRP and USD proportionally // to the pool composition not to exceed 100USD. Fail if exceeded. // Deposit 100USD/100XRP testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, USD(100), XRP(100)); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'100), USD(10'100), IOUAmount{10'100'000, 0})); }); // Equal limit deposit. // Try to deposit 200USD/100XRP. Is truncated to 100USD/100XRP. testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, USD(200), XRP(100)); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'100), USD(10'100), IOUAmount{10'100'000, 0})); }); // Try to deposit 100USD/200XRP. Is truncated to 100USD/100XRP. testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, USD(100), XRP(200)); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'100), USD(10'100), IOUAmount{10'100'000, 0})); }); // Single deposit: 1000 USD testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, USD(1'000)); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), STAmount{USD, UINT64_C(10'999'99999999999), -11}, IOUAmount{10'488'088'48170151, -8})); }); // Single deposit: 1000 XRP testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, XRP(1'000)); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(10'000), IOUAmount{10'488'088'48170151, -8})); }); // Single deposit: 100000 tokens worth of USD testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, 100000, USD(205)); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), USD(10'201), IOUAmount{10'100'000, 0})); }); // Single deposit: 100000 tokens worth of XRP testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, 100'000, XRP(205)); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'201), USD(10'000), IOUAmount{10'100'000, 0})); }); // Single deposit with EP not exceeding specified: // 100USD with EP not to exceed 0.1 (AssetIn/TokensOut) testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit( carol, USD(1'000), std::nullopt, STAmount{USD, 1, -1}); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), STAmount{USD, UINT64_C(10'999'99999999999), -11}, IOUAmount{10'488'088'48170151, -8})); }); // Single deposit with EP not exceeding specified: // 100USD with EP not to exceed 0.002004 (AssetIn/TokensOut) testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit( carol, USD(100), std::nullopt, STAmount{USD, 2004, -6}); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), STAmount{USD, 10'080'16, -2}, IOUAmount{10'040'000, 0})); }); // Single deposit with EP not exceeding specified: // 0USD with EP not to exceed 0.002004 (AssetIn/TokensOut) testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit( carol, USD(0), std::nullopt, STAmount{USD, 2004, -6}); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), STAmount{USD, 10'080'16, -2}, IOUAmount{10'040'000, 0})); }); // IOU to IOU + transfer fee { Env env{*this}; fund(env, gw, {alice}, {USD(20'000), BTC(0.5)}, Fund::All); env(rate(gw, 1.25)); env.close(); AMM ammAlice(env, alice, USD(20'000), BTC(0.5)); BEAST_EXPECT(ammAlice.expectBalances( USD(20'000), BTC(0.5), IOUAmount{100, 0})); BEAST_EXPECT(expectLine(env, alice, USD(0))); BEAST_EXPECT(expectLine(env, alice, BTC(0))); fund(env, gw, {carol}, {USD(2'000), BTC(0.05)}, Fund::Acct); // no transfer fee on deposit ammAlice.deposit(carol, 10); BEAST_EXPECT(ammAlice.expectBalances( USD(22'000), BTC(0.55), IOUAmount{110, 0})); BEAST_EXPECT(expectLine(env, carol, USD(0))); BEAST_EXPECT(expectLine(env, carol, BTC(0))); } // Tiny deposits testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, IOUAmount{1, -3}); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{10'000'000'001}, STAmount{USD, UINT64_C(10'000'000001), -6}, IOUAmount{10'000'000'001, -3})); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{1, -3})); }); testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, XRPAmount{1}); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{10'000'000'001}, USD(10'000), IOUAmount{1'000'000'000049999, -8})); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{49999, -8})); }); testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, STAmount{USD, 1, -10}); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), STAmount{USD, UINT64_C(10'000'00000000008), -11}, IOUAmount{10'000'000'00000004, -8})); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{4, -8})); }); // Issuer create/deposit { Env env(*this); env.fund(XRP(30000), gw); AMM ammGw(env, gw, XRP(10'000), USD(10'000)); BEAST_EXPECT( ammGw.expectBalances(XRP(10'000), USD(10'000), ammGw.tokens())); ammGw.deposit(gw, 1'000'000); BEAST_EXPECT(ammGw.expectBalances( XRP(11'000), USD(11'000), IOUAmount{11'000'000})); ammGw.deposit(gw, USD(1'000)); BEAST_EXPECT(ammGw.expectBalances( XRP(11'000), STAmount{USD, UINT64_C(11'999'99999999998), -11}, IOUAmount{11'489'125'29307605, -8})); } // Issuer deposit testAMM([&](AMM& ammAlice, Env& env) { ammAlice.deposit(gw, 1'000'000); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(11'000), IOUAmount{11'000'000})); ammAlice.deposit(gw, USD(1'000)); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), STAmount{USD, UINT64_C(11'999'99999999998), -11}, IOUAmount{11'489'125'29307605, -8})); }); // Min deposit testAMM([&](AMM& ammAlice, Env& env) { // Equal deposit by tokens ammAlice.deposit( carol, 1'000'000, XRP(1'000), USD(1'000), std::nullopt, tfLPToken, std::nullopt, std::nullopt); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(11'000), IOUAmount{11'000'000, 0})); }); testAMM([&](AMM& ammAlice, Env& env) { // Equal deposit by asset ammAlice.deposit( carol, 1'000'000, XRP(1'000), USD(1'000), std::nullopt, tfTwoAsset, std::nullopt, std::nullopt); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(11'000), IOUAmount{11'000'000, 0})); }); testAMM([&](AMM& ammAlice, Env& env) { // Single deposit by asset ammAlice.deposit( carol, 488'088, XRP(1'000), std::nullopt, std::nullopt, tfSingleAsset, std::nullopt, std::nullopt); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(10'000), IOUAmount{10'488'088'48170151, -8})); }); testAMM([&](AMM& ammAlice, Env& env) { // Single deposit by asset ammAlice.deposit( carol, 488'088, USD(1'000), std::nullopt, std::nullopt, tfSingleAsset, std::nullopt, std::nullopt); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), STAmount{USD, UINT64_C(10'999'99999999999), -11}, IOUAmount{10'488'088'48170151, -8})); }); } void testInvalidWithdraw() { testcase("Invalid Withdraw"); using namespace jtx; testAMM([&](AMM& ammAlice, Env& env) { // Invalid flags ammAlice.withdraw( alice, 1'000'000, std::nullopt, std::nullopt, std::nullopt, tfBurnable, std::nullopt, std::nullopt, ter(temINVALID_FLAG)); ammAlice.withdraw( alice, 1'000'000, std::nullopt, std::nullopt, std::nullopt, tfTwoAssetIfEmpty, std::nullopt, std::nullopt, ter(temINVALID_FLAG)); // Invalid options std::vector, std::optional, std::optional, std::optional, std::optional, NotTEC>> invalidOptions = { // tokens, asset1Out, asset2Out, EPrice, flags, ter {std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, temMALFORMED}, {std::nullopt, std::nullopt, std::nullopt, std::nullopt, tfSingleAsset | tfTwoAsset, temMALFORMED}, {1'000, std::nullopt, std::nullopt, std::nullopt, tfWithdrawAll, temMALFORMED}, {std::nullopt, USD(0), XRP(100), std::nullopt, tfWithdrawAll | tfLPToken, temMALFORMED}, {std::nullopt, std::nullopt, USD(100), std::nullopt, tfWithdrawAll, temMALFORMED}, {std::nullopt, std::nullopt, std::nullopt, std::nullopt, tfWithdrawAll | tfOneAssetWithdrawAll, temMALFORMED}, {std::nullopt, USD(100), std::nullopt, std::nullopt, tfWithdrawAll, temMALFORMED}, {std::nullopt, std::nullopt, std::nullopt, std::nullopt, tfOneAssetWithdrawAll, temMALFORMED}, {1'000, std::nullopt, USD(100), std::nullopt, std::nullopt, temMALFORMED}, {std::nullopt, std::nullopt, std::nullopt, IOUAmount{250, 0}, tfWithdrawAll, temMALFORMED}, {1'000, std::nullopt, std::nullopt, IOUAmount{250, 0}, std::nullopt, temMALFORMED}, {std::nullopt, std::nullopt, USD(100), IOUAmount{250, 0}, std::nullopt, temMALFORMED}, {std::nullopt, XRP(100), USD(100), IOUAmount{250, 0}, std::nullopt, temMALFORMED}, {1'000, XRP(100), USD(100), std::nullopt, std::nullopt, temMALFORMED}, {std::nullopt, XRP(100), USD(100), std::nullopt, tfWithdrawAll, temMALFORMED}}; for (auto const& it : invalidOptions) { ammAlice.withdraw( alice, std::get<0>(it), std::get<1>(it), std::get<2>(it), std::get<3>(it), std::get<4>(it), std::nullopt, std::nullopt, ter(std::get<5>(it))); } // Invalid tokens ammAlice.withdraw( alice, 0, std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); ammAlice.withdraw( alice, IOUAmount{-1}, std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); // Mismatched token, invalid Asset1Out issue ammAlice.withdraw( alice, GBP(100), std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); // Mismatched token, invalid Asset2Out issue ammAlice.withdraw( alice, USD(100), GBP(100), std::nullopt, ter(temBAD_AMM_TOKENS)); // Mismatched token, Asset1Out.issue == Asset2Out.issue ammAlice.withdraw( alice, USD(100), USD(100), std::nullopt, ter(temBAD_AMM_TOKENS)); // Invalid amount value ammAlice.withdraw( alice, USD(0), std::nullopt, std::nullopt, ter(temBAD_AMOUNT)); ammAlice.withdraw( alice, USD(-100), std::nullopt, std::nullopt, ter(temBAD_AMOUNT)); ammAlice.withdraw( alice, USD(10), std::nullopt, IOUAmount{-1}, ter(temBAD_AMOUNT)); // Invalid amount/token value, withdraw all tokens from one side // of the pool. ammAlice.withdraw( alice, USD(10'000), std::nullopt, std::nullopt, ter(tecAMM_BALANCE)); ammAlice.withdraw( alice, XRP(10'000), std::nullopt, std::nullopt, ter(tecAMM_BALANCE)); ammAlice.withdraw( alice, std::nullopt, USD(0), std::nullopt, std::nullopt, tfOneAssetWithdrawAll, std::nullopt, std::nullopt, ter(tecAMM_BALANCE)); // Bad currency ammAlice.withdraw( alice, BAD(100), std::nullopt, std::nullopt, ter(temBAD_CURRENCY)); // Invalid Account Account bad("bad"); env.memoize(bad); ammAlice.withdraw( bad, 1'000'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt, std::nullopt, seq(1), ter(terNO_ACCOUNT)); // Invalid AMM ammAlice.withdraw( alice, 1'000, std::nullopt, std::nullopt, std::nullopt, std::nullopt, {{USD, GBP}}, std::nullopt, ter(terNO_AMM)); // Carol is not a Liquidity Provider ammAlice.withdraw( carol, 10'000, std::nullopt, std::nullopt, ter(tecAMM_BALANCE)); // Withdraw entire one side of the pool. // Equal withdraw but due to XRP precision limit, // this results in full withdraw of XRP pool only, // while leaving a tiny amount in USD pool. ammAlice.withdraw( alice, IOUAmount{9'999'999'9999, -4}, std::nullopt, std::nullopt, ter(tecAMM_BALANCE)); // Withdrawing from one side. // XRP by tokens ammAlice.withdraw( alice, IOUAmount(9'999'999'9999, -4), XRP(0), std::nullopt, ter(tecAMM_BALANCE)); // USD by tokens ammAlice.withdraw( alice, IOUAmount(9'999'999'9, -1), USD(0), std::nullopt, ter(tecAMM_BALANCE)); // XRP ammAlice.withdraw( alice, XRP(10'000), std::nullopt, std::nullopt, ter(tecAMM_BALANCE)); // USD ammAlice.withdraw( alice, STAmount{USD, UINT64_C(9'999'9999999999999), -13}, std::nullopt, std::nullopt, ter(tecAMM_BALANCE)); }); // Invalid AMM testAMM([&](AMM& ammAlice, Env& env) { ammAlice.withdrawAll(alice); ammAlice.withdraw( alice, 10'000, std::nullopt, std::nullopt, ter(terNO_AMM)); }); // Globally frozen asset testAMM([&](AMM& ammAlice, Env& env) { env(fset(gw, asfGlobalFreeze)); env.close(); // Can withdraw non-frozen token ammAlice.withdraw(alice, XRP(100)); ammAlice.withdraw( alice, USD(100), std::nullopt, std::nullopt, ter(tecFROZEN)); ammAlice.withdraw( alice, 1'000, std::nullopt, std::nullopt, ter(tecFROZEN)); }); // Individually frozen (AMM) account testAMM([&](AMM& ammAlice, Env& env) { env(trust(gw, alice["USD"](0), tfSetFreeze)); env.close(); // Can withdraw non-frozen token ammAlice.withdraw(alice, XRP(100)); ammAlice.withdraw( alice, 1'000, std::nullopt, std::nullopt, ter(tecFROZEN)); ammAlice.withdraw( alice, USD(100), std::nullopt, std::nullopt, ter(tecFROZEN)); env(trust(gw, alice["USD"](0), tfClearFreeze)); // Individually frozen AMM env(trust( gw, STAmount{Issue{gw["USD"].currency, ammAlice.ammAccount()}, 0}, tfSetFreeze)); // Can withdraw non-frozen token ammAlice.withdraw(alice, XRP(100)); ammAlice.withdraw( alice, 1'000, std::nullopt, std::nullopt, ter(tecFROZEN)); ammAlice.withdraw( alice, USD(100), std::nullopt, std::nullopt, ter(tecFROZEN)); }); // Carol withdraws more than she owns testAMM([&](AMM& ammAlice, Env&) { // Single deposit of 100000 worth of tokens, // which is 10% of the pool. Carol is LP now. ammAlice.deposit(carol, 1'000'000); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(11'000), IOUAmount{11'000'000, 0})); ammAlice.withdraw( carol, 2'000'000, std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(11'000), IOUAmount{11'000'000, 0})); }); // Withdraw with EPrice limit. Fails to withdraw, calculated tokens // to withdraw are 0. testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, 1'000'000); ammAlice.withdraw( carol, USD(100), std::nullopt, IOUAmount{500, 0}, ter(tecAMM_FAILED)); }); // Withdraw with EPrice limit. Fails to withdraw, calculated tokens // to withdraw are greater than the LP shares. testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, 1'000'000); ammAlice.withdraw( carol, USD(100), std::nullopt, IOUAmount{600, 0}, ter(tecAMM_INVALID_TOKENS)); }); // Withdraw with EPrice limit. Fails to withdraw, amount1 // to withdraw is less than 1700USD. testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, 1'000'000); ammAlice.withdraw( carol, USD(1'700), std::nullopt, IOUAmount{520, 0}, ter(tecAMM_FAILED)); }); // Deposit/Withdraw the same amount with the trading fee testAMM( [&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, USD(1'000)); ammAlice.withdraw( carol, USD(1'000), std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); }, std::nullopt, 1'000); testAMM( [&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, XRP(1'000)); ammAlice.withdraw( carol, XRP(1'000), std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); }, std::nullopt, 1'000); // Deposit/Withdraw the same amount fails due to the tokens adjustment testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, STAmount{USD, 1, -6}); ammAlice.withdraw( carol, STAmount{USD, 1, -6}, std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); }); // Withdraw close to one side of the pool. Account's LP tokens // are rounded to all LP tokens. testAMM([&](AMM& ammAlice, Env&) { ammAlice.withdraw( alice, STAmount{USD, UINT64_C(9'999'999999999999), -12}, std::nullopt, std::nullopt, ter(tecAMM_BALANCE)); }); // Tiny withdraw testAMM([&](AMM& ammAlice, Env&) { // XRP amount to withdraw is 0 ammAlice.withdraw( alice, IOUAmount{1, -5}, std::nullopt, std::nullopt, ter(tecAMM_FAILED)); // Calculated tokens to withdraw are 0 ammAlice.withdraw( alice, std::nullopt, STAmount{USD, 1, -11}, std::nullopt, ter(tecAMM_INVALID_TOKENS)); ammAlice.deposit(carol, STAmount{USD, 1, -10}); ammAlice.withdraw( carol, std::nullopt, STAmount{USD, 1, -9}, std::nullopt, ter(tecAMM_INVALID_TOKENS)); ammAlice.withdraw( carol, std::nullopt, XRPAmount{1}, std::nullopt, ter(tecAMM_INVALID_TOKENS)); }); } void testWithdraw() { testcase("Withdraw"); using namespace jtx; // Equal withdrawal by Carol: 1000000 of tokens, 10% of the current // pool testAMM([&](AMM& ammAlice, Env& env) { // Single deposit of 100000 worth of tokens, // which is 10% of the pool. Carol is LP now. ammAlice.deposit(carol, 1'000'000); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(11'000), IOUAmount{11'000'000, 0})); BEAST_EXPECT( ammAlice.expectLPTokens(carol, IOUAmount{1'000'000, 0})); // 30,000 less deposited 1,000 BEAST_EXPECT(expectLine(env, carol, USD(29'000))); // 30,000 less deposited 1,000 and 10 drops tx fee BEAST_EXPECT( expectLedgerEntryRoot(env, carol, XRPAmount{28'999'999'990})); // Carol withdraws all tokens ammAlice.withdraw(carol, 1'000'000); BEAST_EXPECT( ammAlice.expectLPTokens(carol, IOUAmount(beast::Zero()))); BEAST_EXPECT(expectLine(env, carol, USD(30'000))); BEAST_EXPECT( expectLedgerEntryRoot(env, carol, XRPAmount{29'999'999'980})); }); // Equal withdrawal by tokens 1000000, 10% // of the current pool testAMM([&](AMM& ammAlice, Env&) { ammAlice.withdraw(alice, 1'000'000); BEAST_EXPECT(ammAlice.expectBalances( XRP(9'000), USD(9'000), IOUAmount{9'000'000, 0})); }); // Equal withdrawal with a limit. Withdraw XRP200. // If proportional withdraw of USD is less than 100 // then withdraw that amount, otherwise withdraw USD100 // and proportionally withdraw XRP. It's the latter // in this case - XRP100/USD100. testAMM([&](AMM& ammAlice, Env&) { ammAlice.withdraw(alice, XRP(200), USD(100)); BEAST_EXPECT(ammAlice.expectBalances( XRP(9'900), USD(9'900), IOUAmount{9'900'000, 0})); }); // Equal withdrawal with a limit. XRP100/USD100. testAMM([&](AMM& ammAlice, Env&) { ammAlice.withdraw(alice, XRP(100), USD(200)); BEAST_EXPECT(ammAlice.expectBalances( XRP(9'900), USD(9'900), IOUAmount{9'900'000, 0})); }); // Single withdrawal by amount XRP1000 testAMM([&](AMM& ammAlice, Env&) { ammAlice.withdraw(alice, XRP(1'000)); BEAST_EXPECT(ammAlice.expectBalances( XRP(9'000), USD(10'000), IOUAmount{9'486'832'98050514, -8})); }); // Single withdrawal by tokens 10000. testAMM([&](AMM& ammAlice, Env&) { ammAlice.withdraw(alice, 10'000, USD(0)); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), USD(9980.01), IOUAmount{9'990'000, 0})); }); // Withdraw all tokens. testAMM([&](AMM& ammAlice, Env& env) { env(trust(carol, STAmount{ammAlice.lptIssue(), 10'000})); // Can SetTrust only for AMM LP tokens env(trust( carol, STAmount{ Issue{EUR.currency, ammAlice.ammAccount()}, 10'000}), ter(tecNO_PERMISSION)); env.close(); ammAlice.withdrawAll(alice); BEAST_EXPECT(!ammAlice.ammExists()); BEAST_EXPECT(!env.le(keylet::ownerDir(ammAlice.ammAccount()))); // Can create AMM for the XRP/USD pair AMM ammCarol(env, carol, XRP(10'000), USD(10'000)); BEAST_EXPECT(ammCarol.expectBalances( XRP(10'000), USD(10'000), IOUAmount{10'000'000, 0})); }); // Single deposit 1000USD, withdraw all tokens in USD testAMM([&](AMM& ammAlice, Env& env) { ammAlice.deposit(carol, USD(1'000)); ammAlice.withdrawAll(carol, USD(0)); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), USD(10'000), IOUAmount{10'000'000, 0})); BEAST_EXPECT( ammAlice.expectLPTokens(carol, IOUAmount(beast::Zero()))); }); // Single deposit 1000USD, withdraw all tokens in XRP testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, USD(1'000)); ammAlice.withdrawAll(carol, XRP(0)); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount(9'090'909'091), STAmount{USD, UINT64_C(10'999'99999999999), -11}, IOUAmount{10'000'000, 0})); }); // Single deposit/withdraw by the same account testAMM([&](AMM& ammAlice, Env&) { // Since a smaller amount might be deposited due to // the lp tokens adjustment, withdrawing by tokens // is generally preferred to withdrawing by amount. auto lpTokens = ammAlice.deposit(carol, USD(1'000)); ammAlice.withdraw(carol, lpTokens, USD(0)); lpTokens = ammAlice.deposit(carol, STAmount(USD, 1, -6)); ammAlice.withdraw(carol, lpTokens, USD(0)); lpTokens = ammAlice.deposit(carol, XRPAmount(1)); ammAlice.withdraw(carol, lpTokens, XRPAmount(0)); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), USD(10'000), ammAlice.tokens())); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{0})); }); // Single deposit by different accounts and then withdraw // in reverse. testAMM([&](AMM& ammAlice, Env&) { auto const carolTokens = ammAlice.deposit(carol, USD(1'000)); auto const aliceTokens = ammAlice.deposit(alice, USD(1'000)); ammAlice.withdraw(alice, aliceTokens, USD(0)); ammAlice.withdraw(carol, carolTokens, USD(0)); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), USD(10'000), ammAlice.tokens())); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{0})); BEAST_EXPECT(ammAlice.expectLPTokens(alice, ammAlice.tokens())); }); // Equal deposit 10%, withdraw all tokens testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, 1'000'000); ammAlice.withdrawAll(carol); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), USD(10'000), IOUAmount{10'000'000, 0})); }); // Equal deposit 10%, withdraw all tokens in USD testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, 1'000'000); ammAlice.withdrawAll(carol, USD(0)); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), STAmount{USD, UINT64_C(9'090'909090909092), -12}, IOUAmount{10'000'000, 0})); }); // Equal deposit 10%, withdraw all tokens in XRP testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, 1'000'000); ammAlice.withdrawAll(carol, XRP(0)); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount(9'090'909'091), USD(11'000), IOUAmount{10'000'000, 0})); }); // Withdraw with EPrice limit. testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, 1'000'000); ammAlice.withdraw(carol, USD(100), std::nullopt, IOUAmount{520, 0}); BEAST_EXPECT( ammAlice.expectBalances( XRPAmount(11'000'000'000), STAmount{USD, UINT64_C(9'372'781065088757), -12}, IOUAmount{10'153'846'15384616, -8}) && ammAlice.expectLPTokens( carol, IOUAmount{153'846'15384616, -8})); ammAlice.withdrawAll(carol); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{0})); }); // Withdraw with EPrice limit. AssetOut is 0. testAMM([&](AMM& ammAlice, Env&) { ammAlice.deposit(carol, 1'000'000); ammAlice.withdraw(carol, USD(0), std::nullopt, IOUAmount{520, 0}); BEAST_EXPECT( ammAlice.expectBalances( XRPAmount(11'000'000'000), STAmount{USD, UINT64_C(9'372'781065088757), -12}, IOUAmount{10'153'846'15384616, -8}) && ammAlice.expectLPTokens( carol, IOUAmount{153'846'15384616, -8})); }); // IOU to IOU + transfer fee { Env env{*this}; fund(env, gw, {alice}, {USD(20'000), BTC(0.5)}, Fund::All); env(rate(gw, 1.25)); env.close(); // no transfer fee on create AMM ammAlice(env, alice, USD(20'000), BTC(0.5)); BEAST_EXPECT(ammAlice.expectBalances( USD(20'000), BTC(0.5), IOUAmount{100, 0})); BEAST_EXPECT(expectLine(env, alice, USD(0))); BEAST_EXPECT(expectLine(env, alice, BTC(0))); fund(env, gw, {carol}, {USD(2'000), BTC(0.05)}, Fund::Acct); // no transfer fee on deposit ammAlice.deposit(carol, 10); BEAST_EXPECT(ammAlice.expectBalances( USD(22'000), BTC(0.55), IOUAmount{110, 0})); BEAST_EXPECT(expectLine(env, carol, USD(0))); BEAST_EXPECT(expectLine(env, carol, BTC(0))); // no transfer fee on withdraw ammAlice.withdraw(carol, 10); BEAST_EXPECT(ammAlice.expectBalances( USD(20'000), BTC(0.5), IOUAmount{100, 0})); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{0, 0})); BEAST_EXPECT(expectLine(env, carol, USD(2'000))); BEAST_EXPECT(expectLine(env, carol, BTC(0.05))); } // Tiny withdraw testAMM([&](AMM& ammAlice, Env&) { // By tokens ammAlice.withdraw(alice, IOUAmount{1, -3}); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{9'999'999'999}, STAmount{USD, UINT64_C(9'999'999999), -6}, IOUAmount{9'999'999'999, -3})); }); testAMM([&](AMM& ammAlice, Env&) { // Single XRP pool ammAlice.withdraw(alice, std::nullopt, XRPAmount{1}); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{9'999'999'999}, USD(10'000), IOUAmount{9'999'999'9995, -4})); }); testAMM([&](AMM& ammAlice, Env&) { // Single USD pool ammAlice.withdraw(alice, std::nullopt, STAmount{USD, 1, -10}); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), STAmount{USD, UINT64_C(9'999'9999999999), -10}, IOUAmount{9'999'999'99999995, -8})); }); // Withdraw close to entire pool // Equal by tokens testAMM([&](AMM& ammAlice, Env&) { ammAlice.withdraw(alice, IOUAmount{9'999'999'999, -3}); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{1}, STAmount{USD, 1, -6}, IOUAmount{1, -3})); }); // USD by tokens testAMM([&](AMM& ammAlice, Env&) { ammAlice.withdraw(alice, IOUAmount{9'999'999}, USD(0)); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), STAmount{USD, 1, -10}, IOUAmount{1})); }); // XRP by tokens testAMM([&](AMM& ammAlice, Env&) { ammAlice.withdraw(alice, IOUAmount{9'999'900}, XRP(0)); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{1}, USD(10'000), IOUAmount{100})); }); // USD testAMM([&](AMM& ammAlice, Env&) { ammAlice.withdraw( alice, STAmount{USD, UINT64_C(9'999'99999999999), -11}); BEAST_EXPECT(ammAlice.expectBalances( XRP(10000), STAmount{USD, 1, -11}, IOUAmount{316227765, -9})); }); // XRP testAMM([&](AMM& ammAlice, Env&) { ammAlice.withdraw(alice, XRPAmount{9'999'999'999}); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{1}, USD(10'000), IOUAmount{100})); }); } void testInvalidFeeVote() { testcase("Invalid Fee Vote"); using namespace jtx; testAMM([&](AMM& ammAlice, Env& env) { // Invalid flags ammAlice.vote( std::nullopt, 1'000, tfWithdrawAll, std::nullopt, std::nullopt, ter(temINVALID_FLAG)); // Invalid fee. ammAlice.vote( std::nullopt, 1'001, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_FEE)); BEAST_EXPECT(ammAlice.expectTradingFee(0)); // Invalid Account Account bad("bad"); env.memoize(bad); ammAlice.vote( bad, 1'000, std::nullopt, seq(1), std::nullopt, ter(terNO_ACCOUNT)); // Invalid AMM ammAlice.vote( alice, 1'000, std::nullopt, std::nullopt, {{USD, GBP}}, ter(terNO_AMM)); // Account is not LP ammAlice.vote( carol, 1'000, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); }); // Invalid AMM testAMM([&](AMM& ammAlice, Env& env) { ammAlice.withdrawAll(alice); ammAlice.vote( alice, 1'000, std::nullopt, std::nullopt, std::nullopt, ter(terNO_AMM)); }); } void testFeeVote() { testcase("Fee Vote"); using namespace jtx; // One vote sets fee to 1%. testAMM([&](AMM& ammAlice, Env& env) { BEAST_EXPECT(ammAlice.expectAuctionSlot(0, 0, IOUAmount{0})); ammAlice.vote({}, 1'000); BEAST_EXPECT(ammAlice.expectTradingFee(1'000)); // Discounted fee is 1/10 of trading fee. BEAST_EXPECT(ammAlice.expectAuctionSlot(100, 0, IOUAmount{0})); }); auto vote = [&](AMM& ammAlice, Env& env, int i, int fundUSD = 100'000, std::uint32_t tokens = 10'000'000, std::vector* accounts = nullptr) { Account a(std::to_string(i)); fund(env, gw, {a}, {USD(fundUSD)}, Fund::Acct); ammAlice.deposit(a, tokens); ammAlice.vote(a, 50 * (i + 1)); if (accounts) accounts->push_back(std::move(a)); }; // Eight votes fill all voting slots, set fee 0.175%. testAMM([&](AMM& ammAlice, Env& env) { for (int i = 0; i < 7; ++i) vote(ammAlice, env, i, 10'000); BEAST_EXPECT(ammAlice.expectTradingFee(175)); }); // Eight votes fill all voting slots, set fee 0.175%. // New vote, same account, sets fee 0.225% testAMM([&](AMM& ammAlice, Env& env) { for (int i = 0; i < 7; ++i) vote(ammAlice, env, i); BEAST_EXPECT(ammAlice.expectTradingFee(175)); Account const a("0"); ammAlice.vote(a, 450); BEAST_EXPECT(ammAlice.expectTradingFee(225)); }); // Eight votes fill all voting slots, set fee 0.175%. // New vote, new account, higher vote weight, set higher fee 0.244% testAMM([&](AMM& ammAlice, Env& env) { for (int i = 0; i < 7; ++i) vote(ammAlice, env, i); BEAST_EXPECT(ammAlice.expectTradingFee(175)); vote(ammAlice, env, 7, 100'000, 20'000'000); BEAST_EXPECT(ammAlice.expectTradingFee(244)); }); // Eight votes fill all voting slots, set fee 0.219%. // New vote, new account, higher vote weight, set smaller fee 0.206% testAMM([&](AMM& ammAlice, Env& env) { for (int i = 7; i > 0; --i) vote(ammAlice, env, i); BEAST_EXPECT(ammAlice.expectTradingFee(219)); vote(ammAlice, env, 0, 100'000, 20'000'000); BEAST_EXPECT(ammAlice.expectTradingFee(206)); }); // Eight votes fill all voting slots. The accounts then withdraw all // tokens. An account sets a new fee and the previous slots are // deleted. testAMM([&](AMM& ammAlice, Env& env) { std::vector accounts; for (int i = 0; i < 7; ++i) vote(ammAlice, env, i, 100'000, 10'000'000, &accounts); BEAST_EXPECT(ammAlice.expectTradingFee(175)); for (int i = 0; i < 7; ++i) ammAlice.withdrawAll(accounts[i]); ammAlice.deposit(carol, 10'000'000); ammAlice.vote(carol, 1'000); // The initial LP set the fee to 1000. Carol gets 50% voting // power, and the new fee is 500. BEAST_EXPECT(ammAlice.expectTradingFee(500)); }); // Eight votes fill all voting slots. The accounts then withdraw some // tokens. The new vote doesn't get the voting power but // the slots are refreshed and the fee is updated. testAMM([&](AMM& ammAlice, Env& env) { std::vector accounts; for (int i = 0; i < 7; ++i) vote(ammAlice, env, i, 100'000, 10'000'000, &accounts); BEAST_EXPECT(ammAlice.expectTradingFee(175)); for (int i = 0; i < 7; ++i) ammAlice.withdraw(accounts[i], 9'000'000); ammAlice.deposit(carol, 1'000); // The vote is not added to the slots ammAlice.vote(carol, 1'000); auto const info = ammAlice.ammRpcInfo()[jss::amm][jss::vote_slots]; for (std::uint16_t i = 0; i < info.size(); ++i) BEAST_EXPECT(info[i][jss::account] != carol.human()); // But the slots are refreshed and the fee is changed BEAST_EXPECT(ammAlice.expectTradingFee(82)); }); } void testInvalidBid() { testcase("Invalid Bid"); using namespace jtx; using namespace std::chrono; testAMM([&](AMM& ammAlice, Env& env) { // Invalid flags ammAlice.bid( carol, 0, std::nullopt, {}, tfWithdrawAll, std::nullopt, std::nullopt, ter(temINVALID_FLAG)); ammAlice.deposit(carol, 1'000'000); // Invalid Bid price <= 0 for (auto bid : {0, -100}) { ammAlice.bid( carol, bid, std::nullopt, {}, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMOUNT)); ammAlice.bid( carol, std::nullopt, bid, {}, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMOUNT)); } // Invlaid Min/Max combination ammAlice.bid( carol, 200, 100, {}, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); // Invalid Account Account bad("bad"); env.memoize(bad); ammAlice.bid( bad, std::nullopt, 100, {}, std::nullopt, seq(1), std::nullopt, ter(terNO_ACCOUNT)); // Account is not LP Account const dan("dan"); env.fund(XRP(1'000), dan); ammAlice.bid( dan, 100, std::nullopt, {}, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); ammAlice.bid( dan, std::nullopt, std::nullopt, {}, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); // Auth account is invalid. ammAlice.bid( carol, 100, std::nullopt, {bob}, std::nullopt, std::nullopt, std::nullopt, ter(terNO_ACCOUNT)); // Invalid Assets ammAlice.bid( alice, std::nullopt, 100, {}, std::nullopt, std::nullopt, {{USD, GBP}}, ter(terNO_AMM)); // Invalid Min/Max issue ammAlice.bid( alice, std::nullopt, STAmount{USD, 100}, {}, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); ammAlice.bid( alice, STAmount{USD, 100}, std::nullopt, {}, std::nullopt, std::nullopt, std::nullopt, ter(temBAD_AMM_TOKENS)); }); // Invalid AMM testAMM([&](AMM& ammAlice, Env& env) { ammAlice.withdrawAll(alice); ammAlice.bid( alice, std::nullopt, 100, {}, std::nullopt, std::nullopt, std::nullopt, ter(terNO_AMM)); }); // More than four Auth accounts. testAMM([&](AMM& ammAlice, Env& env) { Account ed("ed"); Account bill("bill"); Account scott("scott"); Account james("james"); env.fund(XRP(1'000), bob, ed, bill, scott, james); env.close(); ammAlice.deposit(carol, 1'000'000); ammAlice.bid( carol, 100, std::nullopt, {bob, ed, bill, scott, james}, std::nullopt, std::nullopt, std::nullopt, ter(temMALFORMED)); }); // Bid price exceeds LP owned tokens testAMM([&](AMM& ammAlice, Env& env) { fund(env, gw, {bob}, XRP(1'000), {USD(100)}, Fund::Acct); ammAlice.deposit(carol, 1'000'000); ammAlice.deposit(bob, 10); ammAlice.bid( carol, 1'000'001, std::nullopt, {}, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); ammAlice.bid( carol, std::nullopt, 1'000'001, {}, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); ammAlice.bid(carol, 1'000); BEAST_EXPECT(ammAlice.expectAuctionSlot(0, 0, IOUAmount{1'000})); // Slot purchase price is more than 1000 but bob only has 10 tokens ammAlice.bid( bob, std::nullopt, std::nullopt, {}, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_INVALID_TOKENS)); }); // Bid all tokens, still own the slot { Env env(*this); fund(env, gw, {alice, bob}, XRP(1'000), {USD(1'000)}); AMM amm(env, gw, XRP(10), USD(1'000)); auto const lpIssue = amm.lptIssue(); env.trust(STAmount{lpIssue, 100}, alice); env.trust(STAmount{lpIssue, 50}, bob); env(pay(gw, alice, STAmount{lpIssue, 100})); env(pay(gw, bob, STAmount{lpIssue, 50})); amm.bid(alice, 100); // Alice doesn't have any more tokens, but // she still owns the slot. amm.bid( bob, std::nullopt, 50, {}, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_FAILED)); } } void testBid() { testcase("Bid"); using namespace jtx; using namespace std::chrono; // Auction slot initially is owned by AMM creator, who pays 0 price. // Bid 110 tokens. Pay bidMin. testAMM([&](AMM& ammAlice, Env& env) { ammAlice.deposit(carol, 1'000'000); ammAlice.bid(carol, 110); BEAST_EXPECT(ammAlice.expectAuctionSlot(0, 0, IOUAmount{110})); // 110 tokens are burned. BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(11'000), IOUAmount{10'999'890, 0})); }); // Bid with min/max when the pay price is less than min. testAMM([&](AMM& ammAlice, Env& env) { ammAlice.deposit(carol, 1'000'000); // Bid exactly 110. Pay 110 because the pay price is < 110. ammAlice.bid(carol, 110, 110); BEAST_EXPECT(ammAlice.expectAuctionSlot(0, 0, IOUAmount{110})); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(11'000), IOUAmount{10'999'890})); // Bid exactly 180-200. Pay 180 because the pay price is < 180. ammAlice.bid(alice, 180, 200); BEAST_EXPECT(ammAlice.expectAuctionSlot(0, 0, IOUAmount{180})); BEAST_EXPECT(ammAlice.expectBalances( XRP(11'000), USD(11'000), IOUAmount{10'999'814'5, -1})); }); // Start bid at bidMin 110. testAMM([&](AMM& ammAlice, Env& env) { ammAlice.deposit(carol, 1'000'000); // Bid, pay bidMin. ammAlice.bid(carol, 110); BEAST_EXPECT(ammAlice.expectAuctionSlot(0, 0, IOUAmount{110})); fund(env, gw, {bob}, {USD(10'000)}, Fund::Acct); ammAlice.deposit(bob, 1'000'000); // Bid, pay the computed price. ammAlice.bid(bob); BEAST_EXPECT(ammAlice.expectAuctionSlot(0, 0, IOUAmount(1155, -1))); // Bid bidMax fails because the computed price is higher. ammAlice.bid( carol, std::nullopt, 120, {}, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_FAILED)); // Bid MaxSlotPrice succeeds - pay computed price ammAlice.bid(carol, std::nullopt, 600); BEAST_EXPECT( ammAlice.expectAuctionSlot(0, 0, IOUAmount{121'275, -3})); // Bid Min/MaxSlotPrice fails because the computed price is not in // range ammAlice.bid( carol, 10, 100, {}, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_FAILED)); // Bid Min/MaxSlotPrice succeeds - pay computed price ammAlice.bid(carol, 100, 600); BEAST_EXPECT( ammAlice.expectAuctionSlot(0, 0, IOUAmount{127'33875, -5})); }); // Slot states. testAMM([&](AMM& ammAlice, Env& env) { ammAlice.deposit(carol, 1'000'000); fund(env, gw, {bob}, {USD(10'000)}, Fund::Acct); ammAlice.deposit(bob, 1'000'000); BEAST_EXPECT(ammAlice.expectBalances( XRP(12'000), USD(12'000), IOUAmount{12'000'000, 0})); // Initial state. Pay bidMin. ammAlice.bid(carol, 110); BEAST_EXPECT(ammAlice.expectAuctionSlot(0, 0, IOUAmount{110})); // 1st Interval after close, price for 0th interval. ammAlice.bid(bob); env.close(seconds(AUCTION_SLOT_INTERVAL_DURATION + 1)); BEAST_EXPECT( ammAlice.expectAuctionSlot(0, 1, IOUAmount{1'155, -1})); // 10th Interval after close, price for 1st interval. ammAlice.bid(carol); env.close(seconds(10 * AUCTION_SLOT_INTERVAL_DURATION + 1)); BEAST_EXPECT( ammAlice.expectAuctionSlot(0, 10, IOUAmount{121'275, -3})); // 20th Interval (expired) after close, price for 10th interval. ammAlice.bid(bob); env.close(seconds( AUCTION_SLOT_TIME_INTERVALS * AUCTION_SLOT_INTERVAL_DURATION + 1)); BEAST_EXPECT(ammAlice.expectAuctionSlot( 0, std::nullopt, IOUAmount{127'33875, -5})); // 0 Interval. ammAlice.bid(carol, 110); BEAST_EXPECT( ammAlice.expectAuctionSlot(0, std::nullopt, IOUAmount{110})); // ~321.09 tokens burnt on bidding fees. BEAST_EXPECT(ammAlice.expectBalances( XRP(12'000), USD(12'000), IOUAmount{11'999'678'91, -2})); }); // Pool's fee 1%. Bid bidMin. // Auction slot owner and auth account trade at discounted fee - // 1/10 of the trading fee. // Other accounts trade at 1% fee. testAMM( [&](AMM& ammAlice, Env& env) { Account const dan("dan"); Account const ed("ed"); fund(env, gw, {bob, dan, ed}, {USD(20'000)}, Fund::Acct); ammAlice.deposit(bob, 1'000'000); ammAlice.deposit(ed, 1'000'000); ammAlice.deposit(carol, 500'000); ammAlice.deposit(dan, 500'000); auto ammTokens = ammAlice.getLPTokensBalance(); ammAlice.bid(carol, 120, std::nullopt, {bob, ed}); auto const slotPrice = IOUAmount{5'200}; ammTokens -= slotPrice; BEAST_EXPECT(ammAlice.expectAuctionSlot(100, 0, slotPrice)); BEAST_EXPECT(ammAlice.expectBalances( XRP(13'000), USD(13'000), ammTokens)); // Discounted trade for (int i = 0; i < 10; ++i) { auto tokens = ammAlice.deposit(carol, USD(100)); ammAlice.withdraw(carol, tokens, USD(0)); tokens = ammAlice.deposit(bob, USD(100)); ammAlice.withdraw(bob, tokens, USD(0)); tokens = ammAlice.deposit(ed, USD(100)); ammAlice.withdraw(ed, tokens, USD(0)); } // carol, bob, and ed pay ~0.99USD in fees. BEAST_EXPECT( env.balance(carol, USD) == STAmount(USD, UINT64_C(29'499'00572620545), -11)); BEAST_EXPECT( env.balance(bob, USD) == STAmount(USD, UINT64_C(18'999'00572616195), -11)); BEAST_EXPECT( env.balance(ed, USD) == STAmount(USD, UINT64_C(18'999'00572611841), -11)); // USD pool is slightly higher because of the fees. BEAST_EXPECT(ammAlice.expectBalances( XRP(13'000), STAmount(USD, UINT64_C(13'002'98282151419), -11), ammTokens)); ammTokens = ammAlice.getLPTokensBalance(); // Trade with the fee for (int i = 0; i < 10; ++i) { auto const tokens = ammAlice.deposit(dan, USD(100)); ammAlice.withdraw(dan, tokens, USD(0)); } // dan pays ~9.94USD, which is ~10 times more in fees than // carol, bob, ed. the discounted fee is 10 times less // than the trading fee. BEAST_EXPECT( env.balance(dan, USD) == STAmount(USD, UINT64_C(19'490'056722744), -9)); // USD pool gains more in dan's fees. BEAST_EXPECT(ammAlice.expectBalances( XRP(13'000), STAmount{USD, UINT64_C(13'012'92609877019), -11}, ammTokens)); // Discounted fee payment ammAlice.deposit(carol, USD(100)); ammTokens = ammAlice.getLPTokensBalance(); BEAST_EXPECT(ammAlice.expectBalances( XRP(13'000), STAmount{USD, UINT64_C(13'112'92609877019), -11}, ammTokens)); env(pay(carol, bob, USD(100)), path(~USD), sendmax(XRP(110))); env.close(); // carol pays 100000 drops in fees // 99900668XRP swapped in for 100USD BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{13'100'000'668}, STAmount{USD, UINT64_C(13'012'92609877019), -11}, ammTokens)); // Payment with the trading fee env(pay(alice, carol, XRP(100)), path(~XRP), sendmax(USD(110))); env.close(); // alice pays ~1.011USD in fees, which is ~10 times more // than carol's fee // 100.099431529USD swapped in for 100XRP BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{13'000'000'668}, STAmount{USD, UINT64_C(13'114'03663047264), -11}, ammTokens)); // Auction slot expired, no discounted fee env.close(seconds(TOTAL_TIME_SLOT_SECS + 1)); // clock is parent's based env.close(); BEAST_EXPECT( env.balance(carol, USD) == STAmount(USD, UINT64_C(29'399'00572620545), -11)); ammTokens = ammAlice.getLPTokensBalance(); for (int i = 0; i < 10; ++i) { auto const tokens = ammAlice.deposit(carol, USD(100)); ammAlice.withdraw(carol, tokens, USD(0)); } // carol pays ~9.94USD in fees, which is ~10 times more in // trading fees vs discounted fee. BEAST_EXPECT( env.balance(carol, USD) == STAmount(USD, UINT64_C(29'389'06197177128), -11)); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{13'000'000'668}, STAmount{USD, UINT64_C(13'123'98038490681), -11}, ammTokens)); env(pay(carol, bob, USD(100)), path(~USD), sendmax(XRP(110))); env.close(); // carol pays ~1.008XRP in trading fee, which is // ~10 times more than the discounted fee. // 99.815876XRP is swapped in for 100USD BEAST_EXPECT(ammAlice.expectBalances( XRPAmount(13'100'824'790), STAmount{USD, UINT64_C(13'023'98038490681), -11}, ammTokens)); }, std::nullopt, 1'000); // Bid tiny amount testAMM([&](AMM& ammAlice, Env&) { // Bid a tiny amount auto const tiny = Number{STAmount::cMinValue, STAmount::cMinOffset}; ammAlice.bid(alice, IOUAmount{tiny}); // Auction slot purchase price is equal to the tiny amount // since the minSlotPrice is 0 with no trading fee. BEAST_EXPECT(ammAlice.expectAuctionSlot(0, 0, IOUAmount{tiny})); // The purchase price is too small to affect the total tokens BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), USD(10'000), ammAlice.tokens())); // Bid the tiny amount ammAlice.bid( alice, IOUAmount{STAmount::cMinValue, STAmount::cMinOffset}); // Pay slightly higher price BEAST_EXPECT(ammAlice.expectAuctionSlot( 0, 0, IOUAmount{tiny * Number{105, -2}})); // The purchase price is still too small to affect the total tokens BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), USD(10'000), ammAlice.tokens())); }); // Reset auth account testAMM([&](AMM& ammAlice, Env& env) { ammAlice.bid(alice, IOUAmount{100}, std::nullopt, {carol}); BEAST_EXPECT(ammAlice.expectAuctionSlot({carol})); ammAlice.bid(alice, IOUAmount{100}); BEAST_EXPECT(ammAlice.expectAuctionSlot({})); Account bob("bob"); Account dan("dan"); fund(env, {bob, dan}, XRP(1'000)); ammAlice.bid(alice, IOUAmount{100}, std::nullopt, {bob, dan}); BEAST_EXPECT(ammAlice.expectAuctionSlot({bob, dan})); }); // Bid all tokens, still own the slot and trade at a discount { Env env(*this); fund(env, gw, {alice, bob}, XRP(2'000), {USD(2'000)}); AMM amm(env, gw, XRP(1'000), USD(1'010), false, 1'000); auto const lpIssue = amm.lptIssue(); env.trust(STAmount{lpIssue, 500}, alice); env.trust(STAmount{lpIssue, 50}, bob); env(pay(gw, alice, STAmount{lpIssue, 500})); env(pay(gw, bob, STAmount{lpIssue, 50})); // Alice doesn't have anymore lp tokens amm.bid(alice, 500); BEAST_EXPECT(amm.expectAuctionSlot(100, 0, IOUAmount{500})); BEAST_EXPECT(expectLine(env, alice, STAmount{lpIssue, 0})); // But trades with the discounted fee since she still owns the slot. // Alice pays 10011 drops in fees env(pay(alice, bob, USD(10)), path(~USD), sendmax(XRP(11))); BEAST_EXPECT(amm.expectBalances( XRPAmount{1'010'010'011}, USD(1'000), IOUAmount{1'004'487'562112089, -9})); // Bob pays the full fee ~0.1USD env(pay(bob, alice, XRP(10)), path(~XRP), sendmax(USD(11))); BEAST_EXPECT(amm.expectBalances( XRPAmount{1'000'010'011}, STAmount{USD, UINT64_C(1'010'10090898081), -11}, IOUAmount{1'004'487'562112089, -9})); } } void testInvalidAMMPayment() { testcase("Invalid AMM Payment"); using namespace jtx; using namespace std::chrono; using namespace std::literals::chrono_literals; // Can't pay into AMM account. // Can't pay out since there is no keys for (auto const& acct : {gw, alice}) { { Env env(*this); fund(env, gw, {alice, carol}, XRP(1'000), {USD(100)}); // XRP balance is below reserve AMM ammAlice(env, acct, XRP(10), USD(10)); // Pay below reserve env(pay(carol, ammAlice.ammAccount(), XRP(10)), ter(tecNO_PERMISSION)); // Pay above reserve env(pay(carol, ammAlice.ammAccount(), XRP(300)), ter(tecNO_PERMISSION)); // Pay IOU env(pay(carol, ammAlice.ammAccount(), USD(10)), ter(tecNO_PERMISSION)); } { Env env(*this); fund(env, gw, {alice, carol}, XRP(10'000'000), {USD(10'000)}); // XRP balance is above reserve AMM ammAlice(env, acct, XRP(1'000'000), USD(100)); // Pay below reserve env(pay(carol, ammAlice.ammAccount(), XRP(10)), ter(tecNO_PERMISSION)); // Pay above reserve env(pay(carol, ammAlice.ammAccount(), XRP(1'000'000)), ter(tecNO_PERMISSION)); } } // Can't pay into AMM with escrow. testAMM([&](AMM& ammAlice, Env& env) { env(escrow(carol, ammAlice.ammAccount(), XRP(1)), condition(cb1), finish_time(env.now() + 1s), cancel_time(env.now() + 2s), fee(1'500), ter(tecNO_PERMISSION)); }); // Can't pay into AMM with paychan. testAMM([&](AMM& ammAlice, Env& env) { auto const pk = carol.pk(); auto const settleDelay = 100s; NetClock::time_point const cancelAfter = env.current()->info().parentCloseTime + 200s; env(create( carol, ammAlice.ammAccount(), XRP(1'000), settleDelay, pk, cancelAfter), ter(tecNO_PERMISSION)); }); // Can't pay into AMM with checks. testAMM([&](AMM& ammAlice, Env& env) { env(check::create(env.master.id(), ammAlice.ammAccount(), XRP(100)), ter(tecNO_PERMISSION)); }); // Pay amounts close to one side of the pool testAMM( [&](AMM& ammAlice, Env& env) { // Can't consume whole pool env(pay(alice, carol, USD(100)), path(~USD), sendmax(XRP(1'000'000'000)), ter(tecPATH_PARTIAL)); env(pay(alice, carol, XRP(100)), path(~XRP), sendmax(USD(1'000'000'000)), ter(tecPATH_PARTIAL)); // Overflow env(pay(alice, carol, STAmount{USD, UINT64_C(99'999999999), -9}), path(~USD), sendmax(XRP(1'000'000'000)), ter(tecPATH_PARTIAL)); env(pay(alice, carol, STAmount{USD, UINT64_C(999'99999999), -8}), path(~USD), sendmax(XRP(1'000'000'000)), ter(tecPATH_PARTIAL)); env(pay(alice, carol, STAmount{xrpIssue(), 99'999'999}), path(~XRP), sendmax(USD(1'000'000'000)), ter(tecPATH_PARTIAL)); // Sender doesn't have enough funds env(pay(alice, carol, USD(99.99)), path(~USD), sendmax(XRP(1'000'000'000)), ter(tecPATH_PARTIAL)); env(pay(alice, carol, STAmount{xrpIssue(), 99'990'000}), path(~XRP), sendmax(USD(1'000'000'000)), ter(tecPATH_PARTIAL)); }, {{XRP(100), USD(100)}}); // Globally frozen testAMM([&](AMM& ammAlice, Env& env) { env(fset(gw, asfGlobalFreeze)); env.close(); env(pay(alice, carol, USD(1)), path(~USD), txflags(tfPartialPayment | tfNoRippleDirect), sendmax(XRP(10)), ter(tecPATH_DRY)); env(pay(alice, carol, XRP(1)), path(~XRP), txflags(tfPartialPayment | tfNoRippleDirect), sendmax(USD(10)), ter(tecPATH_DRY)); }); // Individually frozen AMM testAMM([&](AMM& ammAlice, Env& env) { env(trust( gw, STAmount{Issue{gw["USD"].currency, ammAlice.ammAccount()}, 0}, tfSetFreeze)); env.close(); env(pay(alice, carol, USD(1)), path(~USD), txflags(tfPartialPayment | tfNoRippleDirect), sendmax(XRP(10)), ter(tecPATH_DRY)); env(pay(alice, carol, XRP(1)), path(~XRP), txflags(tfPartialPayment | tfNoRippleDirect), sendmax(USD(10)), ter(tecPATH_DRY)); }); // Individually frozen accounts testAMM([&](AMM& ammAlice, Env& env) { env(trust(gw, carol["USD"](0), tfSetFreeze)); env(trust(gw, alice["USD"](0), tfSetFreeze)); env.close(); env(pay(alice, carol, XRP(1)), path(~XRP), sendmax(USD(10)), txflags(tfNoRippleDirect | tfPartialPayment), ter(tecPATH_DRY)); }); } void testBasicPaymentEngine() { testcase("Basic Payment"); using namespace jtx; // Payment 100USD for 100XRP. // Force one path with tfNoRippleDirect. testAMM( [&](AMM& ammAlice, Env& env) { env.fund(jtx::XRP(30'000), bob); env.close(); env(pay(bob, carol, USD(100)), path(~USD), sendmax(XRP(100)), txflags(tfNoRippleDirect)); env.close(); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'100), USD(10'000), ammAlice.tokens())); // Initial balance 30,000 + 100 BEAST_EXPECT(expectLine(env, carol, USD(30'100))); // Initial balance 30,000 - 100(sendmax) - 10(tx fee) BEAST_EXPECT(expectLedgerEntryRoot( env, bob, XRP(30'000) - XRP(100) - txfee(env, 1))); }, {{XRP(10'000), USD(10'100)}}); // Payment 100USD for 100XRP, use default path. testAMM( [&](AMM& ammAlice, Env& env) { env.fund(jtx::XRP(30'000), bob); env.close(); env(pay(bob, carol, USD(100)), sendmax(XRP(100))); env.close(); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'100), USD(10'000), ammAlice.tokens())); // Initial balance 30,000 + 100 BEAST_EXPECT(expectLine(env, carol, USD(30'100))); // Initial balance 30,000 - 100(sendmax) - 10(tx fee) BEAST_EXPECT(expectLedgerEntryRoot( env, bob, XRP(30'000) - XRP(100) - txfee(env, 1))); }, {{XRP(10'000), USD(10'100)}}); // This payment is identical to above. While it has // both default path and path, activeStrands has one path. testAMM( [&](AMM& ammAlice, Env& env) { env.fund(jtx::XRP(30'000), bob); env.close(); env(pay(bob, carol, USD(100)), path(~USD), sendmax(XRP(100))); env.close(); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'100), USD(10'000), ammAlice.tokens())); // Initial balance 30,000 + 100 BEAST_EXPECT(expectLine(env, carol, USD(30'100))); // Initial balance 30,000 - 100(sendmax) - 10(tx fee) BEAST_EXPECT(expectLedgerEntryRoot( env, bob, XRP(30'000) - XRP(100) - txfee(env, 1))); }, {{XRP(10'000), USD(10'100)}}); // Payment with limitQuality set. testAMM( [&](AMM& ammAlice, Env& env) { env.fund(jtx::XRP(30'000), bob); env.close(); // Pays 10USD for 10XRP. A larger payment of ~99.11USD/100XRP // would have been sent has it not been for limitQuality. env(pay(bob, carol, USD(100)), path(~USD), sendmax(XRP(100)), txflags( tfNoRippleDirect | tfPartialPayment | tfLimitQuality)); env.close(); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'010), USD(10'000), ammAlice.tokens())); // Initial balance 30,000 + 10(limited by limitQuality) BEAST_EXPECT(expectLine(env, carol, USD(30'010))); // Initial balance 30,000 - 10(limited by limitQuality) - 10(tx // fee) BEAST_EXPECT(expectLedgerEntryRoot( env, bob, XRP(30'000) - XRP(10) - txfee(env, 1))); // Fails because of limitQuality. Would have sent // ~98.91USD/110XRP has it not been for limitQuality. env(pay(bob, carol, USD(100)), path(~USD), sendmax(XRP(100)), txflags( tfNoRippleDirect | tfPartialPayment | tfLimitQuality), ter(tecPATH_DRY)); env.close(); }, {{XRP(10'000), USD(10'010)}}); // Payment with limitQuality and transfer fee set. testAMM( [&](AMM& ammAlice, Env& env) { env(rate(gw, 1.1)); env.close(); env.fund(jtx::XRP(30'000), bob); env.close(); // Pays 10USD for 10XRP. A larger payment of ~99.11USD/100XRP // would have been sent has it not been for limitQuality and // the transfer fee. env(pay(bob, carol, USD(100)), path(~USD), sendmax(XRP(110)), txflags( tfNoRippleDirect | tfPartialPayment | tfLimitQuality)); env.close(); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'010), USD(10'000), ammAlice.tokens())); // 10USD - 10% transfer fee BEAST_EXPECT(expectLine( env, carol, STAmount{USD, UINT64_C(30'009'09090909091), -11})); BEAST_EXPECT(expectLedgerEntryRoot( env, bob, XRP(30'000) - XRP(10) - txfee(env, 1))); }, {{XRP(10'000), USD(10'010)}}); // Fail when partial payment is not set. testAMM( [&](AMM& ammAlice, Env& env) { env.fund(jtx::XRP(30'000), bob); env.close(); env(pay(bob, carol, USD(100)), path(~USD), sendmax(XRP(100)), txflags(tfNoRippleDirect), ter(tecPATH_PARTIAL)); }, {{XRP(10'000), USD(10'000)}}); // Non-default path (with AMM) has a better quality than default path. // The max possible liquidity is taken out of non-default // path ~29.9XRP/29.9EUR, ~29.9EUR/~29.99USD. The rest // is taken from the offer. { Env env(*this); fund( env, gw, {alice, carol}, {USD(30'000), EUR(30'000)}, Fund::All); env.close(); env.fund(XRP(1'000), bob); env.close(); auto ammEUR_XRP = AMM(env, alice, XRP(10'000), EUR(10'000)); auto ammUSD_EUR = AMM(env, alice, EUR(10'000), USD(10'000)); env(offer(alice, XRP(101), USD(100)), txflags(tfPassive)); env.close(); env(pay(bob, carol, USD(100)), path(~EUR, ~USD), sendmax(XRP(102)), txflags(tfPartialPayment)); env.close(); BEAST_EXPECT(ammEUR_XRP.expectBalances( XRPAmount(10'030'082'730), STAmount(EUR, UINT64_C(9'970'007498125468), -12), ammEUR_XRP.tokens())); BEAST_EXPECT(ammUSD_EUR.expectBalances( STAmount(USD, UINT64_C(9'970'097277662122), -12), STAmount(EUR, UINT64_C(10'029'99250187452), -11), ammUSD_EUR.tokens())); BEAST_EXPECT(expectOffers( env, alice, 1, {{Amounts{ XRPAmount(30'201'749), STAmount(USD, UINT64_C(29'90272233787818), -14)}}})); // Initial 30,000 + 100 BEAST_EXPECT(expectLine(env, carol, STAmount{USD, 30'100})); // Initial 1,000 - 30082730(AMM pool) - 70798251(offer) - 10(tx fee) BEAST_EXPECT(expectLedgerEntryRoot( env, bob, XRP(1'000) - XRPAmount{30'082'730} - XRPAmount{70'798'251} - txfee(env, 1))); } // Default path (with AMM) has a better quality than a non-default path. // The max possible liquidity is taken out of default // path ~49XRP/49USD. The rest is taken from the offer. testAMM([&](AMM& ammAlice, Env& env) { env.fund(XRP(1'000), bob); env.close(); env.trust(EUR(2'000), alice); env.close(); env(pay(gw, alice, EUR(1'000))); env(offer(alice, XRP(101), EUR(100)), txflags(tfPassive)); env.close(); env(offer(alice, EUR(100), USD(100)), txflags(tfPassive)); env.close(); env(pay(bob, carol, USD(100)), path(~EUR, ~USD), sendmax(XRP(102)), txflags(tfPartialPayment)); env.close(); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount(10'050'238'637), STAmount(USD, UINT64_C(9'950'01249687578), -11), ammAlice.tokens())); BEAST_EXPECT(expectOffers( env, alice, 2, {{Amounts{ XRPAmount(50'487'378), STAmount(EUR, UINT64_C(49'98750312422), -11)}, Amounts{ STAmount(EUR, UINT64_C(49'98750312422), -11), STAmount(USD, UINT64_C(49'98750312422), -11)}}})); // Initial 30,000 + 99.99999999999 BEAST_EXPECT(expectLine( env, carol, STAmount{USD, UINT64_C(30'099'99999999999), -11})); // Initial 1,000 - 50238637(AMM pool) - 50512622(offer) - 10(tx // fee) BEAST_EXPECT(expectLedgerEntryRoot( env, bob, XRP(1'000) - XRPAmount{50'238'637} - XRPAmount{50'512'622} - txfee(env, 1))); }); // Default path with AMM and Order Book offer. AMM is consumed first, // remaining amount is consumed by the offer. testAMM( [&](AMM& ammAlice, Env& env) { fund(env, gw, {bob}, {USD(100)}, Fund::Acct); env.close(); env(offer(bob, XRP(100), USD(100)), txflags(tfPassive)); env.close(); env(pay(alice, carol, USD(200)), sendmax(XRP(200)), txflags(tfPartialPayment)); env.close(); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'100), USD(10'000), ammAlice.tokens())); // Initial 30,000 + 200 BEAST_EXPECT(expectLine(env, carol, USD(30'200))); // Initial 30,000 - 10000(AMM pool LP) - 100(AMM offer) - // - 100(offer) - 10(tx fee) - one reserve BEAST_EXPECT(expectLedgerEntryRoot( env, alice, XRP(30'000) - XRP(10'000) - XRP(100) - XRP(100) - ammCrtFee(env) - txfee(env, 1))); BEAST_EXPECT(expectOffers(env, bob, 0)); }, {{XRP(10'000), USD(10'100)}}); // Default path with AMM and Order Book offer. // Order Book offer is consumed first. // Remaining amount is consumed by AMM. { Env env(*this); fund(env, gw, {alice, bob, carol}, XRP(20'000), {USD(2'000)}); env(offer(bob, XRP(50), USD(150)), txflags(tfPassive)); AMM ammAlice(env, alice, XRP(1'000), USD(1'050)); env(pay(alice, carol, USD(200)), sendmax(XRP(200)), txflags(tfPartialPayment)); BEAST_EXPECT(ammAlice.expectBalances( XRP(1'050), USD(1'000), ammAlice.tokens())); BEAST_EXPECT(expectLine(env, carol, USD(2'200))); BEAST_EXPECT(expectOffers(env, bob, 0)); } // Offer crossing XRP/IOU testAMM( [&](AMM& ammAlice, Env& env) { fund(env, gw, {bob}, {USD(1'000)}, Fund::Acct); env.close(); env(offer(bob, USD(100), XRP(100))); env.close(); BEAST_EXPECT(ammAlice.expectBalances( XRP(10'100), USD(10'000), ammAlice.tokens())); // Initial 1,000 + 100 BEAST_EXPECT(expectLine(env, bob, USD(1'100))); // Initial 30,000 - 100(offer) - 10(tx fee) BEAST_EXPECT(expectLedgerEntryRoot( env, bob, XRP(30'000) - XRP(100) - txfee(env, 1))); BEAST_EXPECT(expectOffers(env, bob, 0)); }, {{XRP(10'000), USD(10'100)}}); // Offer crossing IOU/IOU and transfer rate testAMM( [&](AMM& ammAlice, Env& env) { env(rate(gw, 1.25)); env.close(); env(offer(carol, EUR(100), GBP(100))); env.close(); // No transfer fee BEAST_EXPECT(ammAlice.expectBalances( GBP(1'100), EUR(1'000), ammAlice.tokens())); // Initial 30,000 - 100(offer) - 25% transfer fee BEAST_EXPECT(expectLine(env, carol, GBP(29'875))); // Initial 30,000 + 100(offer) BEAST_EXPECT(expectLine(env, carol, EUR(30'100))); BEAST_EXPECT(expectOffers(env, bob, 0)); }, {{GBP(1'000), EUR(1'100)}}); // Payment and transfer fee // Scenario: // Bob sends 125GBP to pay 80EUR to Carol // Payment execution: // bob's 125GBP/1.25 = 100GBP // 100GBP/100EUR AMM offer // 100EUR/1.25 = 80EUR paid to carol testAMM( [&](AMM& ammAlice, Env& env) { fund(env, gw, {bob}, {GBP(200), EUR(200)}, Fund::Acct); env(rate(gw, 1.25)); env.close(); env(pay(bob, carol, EUR(100)), path(~EUR), sendmax(GBP(125)), txflags(tfPartialPayment)); env.close(); BEAST_EXPECT(ammAlice.expectBalances( GBP(1'100), EUR(1'000), ammAlice.tokens())); BEAST_EXPECT(expectLine(env, bob, GBP(75))); BEAST_EXPECT(expectLine(env, carol, EUR(30'080))); }, {{GBP(1'000), EUR(1'100)}}); // Payment and transfer fee, multiple steps // Scenario: // Dan's offer 200CAN/200GBP // AMM 1000GBP/10125EUR // Ed's offer 200EUR/200USD // Bob sends 195.3125CAN to pay 100USD to Carol // Payment execution: // bob's 195.3125CAN/1.25 = 156.25CAN -> dan's offer // 156.25CAN/156.25GBP 156.25GBP/1.25 = 125GBP -> AMM's offer // 125GBP/125EUR 125EUR/1.25 = 100EUR -> ed's offer // 100EUR/100USD 100USD/1.25 = 80USD paid to carol testAMM( [&](AMM& ammAlice, Env& env) { Account const dan("dan"); Account const ed("ed"); auto const CAN = gw["CAN"]; fund(env, gw, {dan}, {CAN(200), GBP(200)}, Fund::Acct); fund(env, gw, {ed}, {EUR(200), USD(200)}, Fund::Acct); fund(env, gw, {bob}, {CAN(195.3125)}, Fund::Acct); env(trust(carol, USD(100))); env(rate(gw, 1.25)); env.close(); env(offer(dan, CAN(200), GBP(200))); env(offer(ed, EUR(200), USD(200))); env.close(); env(pay(bob, carol, USD(100)), path(~GBP, ~EUR, ~USD), sendmax(CAN(195.3125)), txflags(tfPartialPayment)); env.close(); BEAST_EXPECT(expectLine(env, bob, CAN(0))); BEAST_EXPECT(expectLine(env, dan, CAN(356.25), GBP(43.75))); BEAST_EXPECT(ammAlice.expectBalances( GBP(10'125), EUR(10'000), ammAlice.tokens())); BEAST_EXPECT(expectLine(env, ed, EUR(300), USD(100))); BEAST_EXPECT(expectLine(env, carol, USD(80))); }, {{GBP(10'000), EUR(10'125)}}); // Pay amounts close to one side of the pool testAMM( [&](AMM& ammAlice, Env& env) { env(pay(alice, carol, USD(99.99)), path(~USD), sendmax(XRP(1)), txflags(tfPartialPayment), ter(tesSUCCESS)); env(pay(alice, carol, USD(100)), path(~USD), sendmax(XRP(1)), txflags(tfPartialPayment), ter(tesSUCCESS)); env(pay(alice, carol, XRP(100)), path(~XRP), sendmax(USD(1)), txflags(tfPartialPayment), ter(tesSUCCESS)); env(pay(alice, carol, STAmount{xrpIssue(), 99'999'900}), path(~XRP), sendmax(USD(1)), txflags(tfPartialPayment), ter(tesSUCCESS)); }, {{XRP(100), USD(100)}}); // Multiple paths/steps { Env env(*this); auto const ETH = gw["ETH"]; fund( env, gw, {alice}, XRP(100'000), {EUR(50'000), BTC(50'000), ETH(50'000), USD(50'000)}); fund(env, gw, {carol, bob}, XRP(1'000), {USD(200)}, Fund::Acct); AMM xrp_eur(env, alice, XRP(10'100), EUR(10'000)); AMM eur_btc(env, alice, EUR(10'000), BTC(10'200)); AMM btc_usd(env, alice, BTC(10'100), USD(10'000)); AMM xrp_usd(env, alice, XRP(10'150), USD(10'200)); AMM xrp_eth(env, alice, XRP(10'000), ETH(10'100)); AMM eth_eur(env, alice, ETH(10'900), EUR(11'000)); AMM eur_usd(env, alice, EUR(10'100), USD(10'000)); env(pay(bob, carol, USD(100)), path(~EUR, ~BTC, ~USD), path(~USD), path(~ETH, ~EUR, ~USD), sendmax(XRP(200))); // XRP-ETH-EUR-USD // This path provides ~26.06USD/26.2XRP BEAST_EXPECT(xrp_eth.expectBalances( XRPAmount(10'026'208'900), STAmount{ETH, UINT64_C(10'073'65779244494), -11}, xrp_eth.tokens())); BEAST_EXPECT(eth_eur.expectBalances( STAmount{ETH, UINT64_C(10'926'34220755506), -11}, STAmount{EUR, UINT64_C(10'973'54232078752), -11}, eth_eur.tokens())); BEAST_EXPECT(eur_usd.expectBalances( STAmount{EUR, UINT64_C(10'126'45767921248), -11}, STAmount{USD, UINT64_C(9'973'93151712086), -11}, eur_usd.tokens())); // XRP-USD path // This path provides ~73.9USD/74.1XRP BEAST_EXPECT(xrp_usd.expectBalances( XRPAmount(10'224'106'246), STAmount{USD, UINT64_C(10'126'06848287914), -11}, xrp_usd.tokens())); // XRP-EUR-BTC-USD // This path doesn't provide any liquidity due to how // offers are generated in multi-path. Analytical solution // shows a different distribution: // XRP-EUR-BTC-USD 11.6USD/11.64XRP, XRP-USD 60.7USD/60.8XRP, // XRP-ETH-EUR-USD 27.6USD/27.6XRP BEAST_EXPECT(xrp_eur.expectBalances( XRP(10'100), EUR(10'000), xrp_eur.tokens())); BEAST_EXPECT(eur_btc.expectBalances( EUR(10'000), BTC(10'200), eur_btc.tokens())); BEAST_EXPECT(btc_usd.expectBalances( BTC(10'100), USD(10'000), btc_usd.tokens())); BEAST_EXPECT(expectLine(env, carol, USD(300))); } // Dependent AMM { Env env(*this); auto const ETH = gw["ETH"]; fund( env, gw, {alice}, XRP(40'000), {EUR(50'000), BTC(50'000), ETH(50'000), USD(50'000)}); fund(env, gw, {carol, bob}, XRP(1000), {USD(200)}, Fund::Acct); AMM xrp_eur(env, alice, XRP(10'100), EUR(10'000)); AMM eur_btc(env, alice, EUR(10'000), BTC(10'200)); AMM btc_usd(env, alice, BTC(10'100), USD(10'000)); AMM xrp_eth(env, alice, XRP(10'000), ETH(10'100)); AMM eth_eur(env, alice, ETH(10'900), EUR(11'000)); env(pay(bob, carol, USD(100)), path(~EUR, ~BTC, ~USD), path(~ETH, ~EUR, ~BTC, ~USD), sendmax(XRP(200))); // XRP-EUR-BTC-USD path provides ~17.8USD/~18.7XRP // XRP-ETH-EUR-BTC-USD path provides ~82.2USD/82.4XRP BEAST_EXPECT(xrp_eur.expectBalances( XRPAmount(10'118'738'472), STAmount{EUR, UINT64_C(9'981'544436337968), -12}, xrp_eur.tokens())); BEAST_EXPECT(eur_btc.expectBalances( STAmount{EUR, UINT64_C(10'101'16096785173), -11}, STAmount{BTC, UINT64_C(10'097'91426968066), -11}, eur_btc.tokens())); BEAST_EXPECT(btc_usd.expectBalances( STAmount{BTC, UINT64_C(10'202'08573031934), -11}, USD(9'900), btc_usd.tokens())); BEAST_EXPECT(xrp_eth.expectBalances( XRPAmount(10'082'446'397), STAmount{ETH, UINT64_C(10'017'41072778012), -11}, xrp_eth.tokens())); BEAST_EXPECT(eth_eur.expectBalances( STAmount{ETH, UINT64_C(10'982'58927221988), -11}, STAmount{EUR, UINT64_C(10'917'2945958103), -10}, eth_eur.tokens())); BEAST_EXPECT(expectLine(env, carol, USD(300))); } // AMM offers limit // Consuming 30 CLOB offers, results in hitting 30 AMM offers limit. testAMM([&](AMM& ammAlice, Env& env) { env.fund(XRP(1'000), bob); fund(env, gw, {bob}, {EUR(400)}, Fund::IOUOnly); env(trust(alice, EUR(200))); for (int i = 0; i < 30; ++i) env(offer(alice, EUR(1.0 + 0.01 * i), XRP(1))); // This is worse quality offer than 30 offers above. // It will not be consumed because of AMM offers limit. env(offer(alice, EUR(140), XRP(100))); env(pay(bob, carol, USD(100)), path(~XRP, ~USD), sendmax(EUR(400)), txflags(tfPartialPayment | tfNoRippleDirect)); // Carol gets ~29.91USD because of the AMM offers limit BEAST_EXPECT(ammAlice.expectBalances( XRP(10'030), STAmount{USD, UINT64_C(9'970'089730807577), -12}, ammAlice.tokens())); BEAST_EXPECT(expectLine( env, carol, STAmount{USD, UINT64_C(30'029'91026919241), -11})); BEAST_EXPECT(expectOffers(env, alice, 1, {{{EUR(140), XRP(100)}}})); }); // This payment is fulfilled testAMM([&](AMM& ammAlice, Env& env) { env.fund(XRP(1'000), bob); fund(env, gw, {bob}, {EUR(400)}, Fund::IOUOnly); env(trust(alice, EUR(200))); for (int i = 0; i < 29; ++i) env(offer(alice, EUR(1.0 + 0.01 * i), XRP(1))); // This is worse quality offer than 30 offers above. // It will not be consumed because of AMM offers limit. env(offer(alice, EUR(140), XRP(100))); env(pay(bob, carol, USD(100)), path(~XRP, ~USD), sendmax(EUR(400)), txflags(tfPartialPayment | tfNoRippleDirect)); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{10'101'010'102}, USD(9'900), ammAlice.tokens())); // Carol gets ~100USD BEAST_EXPECT(expectLine( env, carol, STAmount{USD, UINT64_C(30'099'99999999999), -11})); BEAST_EXPECT(expectOffers( env, alice, 1, {{{STAmount{EUR, 39'1858572, -7}, XRPAmount{27'989'898}}}})); }); // Offer crossing with AMM and another offer. AMM has a better // quality and is consumed first. { Env env(*this); fund(env, gw, {alice, carol, bob}, XRP(30'000), {USD(30'000)}); env(offer(bob, XRP(100), USD(100.001))); AMM ammAlice(env, alice, XRP(10'000), USD(10'100)); env(offer(carol, USD(100), XRP(100))); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{10'049'825'373}, STAmount{USD, UINT64_C(10'049'92586949302), -11}, ammAlice.tokens())); BEAST_EXPECT(expectOffers( env, bob, 1, {{{XRPAmount{50'074'629}, STAmount{USD, UINT64_C(50'07513050698), -11}}}})); BEAST_EXPECT(expectLine(env, carol, USD(30'100))); } // Individually frozen account testAMM([&](AMM& ammAlice, Env& env) { env(trust(gw, carol["USD"](0), tfSetFreeze)); env(trust(gw, alice["USD"](0), tfSetFreeze)); env.close(); env(pay(alice, carol, USD(1)), path(~USD), sendmax(XRP(10)), txflags(tfNoRippleDirect | tfPartialPayment), ter(tesSUCCESS)); }); } void testAMMTokens() { testcase("AMM Tokens"); using namespace jtx; // Offer crossing with AMM LPTokens and XRP. testAMM([&](AMM& ammAlice, Env& env) { auto const token1 = ammAlice.lptIssue(); auto priceXRP = withdrawByTokens( STAmount{XRPAmount{10'000'000'000}}, STAmount{token1, 10'000'000}, STAmount{token1, 5'000'000}, 0); // Carol places an order to buy LPTokens env(offer(carol, STAmount{token1, 5'000'000}, priceXRP)); // Alice places an order to sell LPTokens env(offer(alice, priceXRP, STAmount{token1, 5'000'000})); // Pool's LPTokens balance doesn't change BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), USD(10'000), IOUAmount{10'000'000})); // Carol is Liquidity Provider BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{5'000'000})); BEAST_EXPECT(ammAlice.expectLPTokens(alice, IOUAmount{5'000'000})); // Carol votes ammAlice.vote(carol, 1'000); BEAST_EXPECT(ammAlice.expectTradingFee(500)); ammAlice.vote(carol, 0); BEAST_EXPECT(ammAlice.expectTradingFee(0)); // Carol bids ammAlice.bid(carol, 100); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{4'999'900})); BEAST_EXPECT(ammAlice.expectAuctionSlot(0, 0, IOUAmount{100})); BEAST_EXPECT(accountBalance(env, carol) == "22499999960"); priceXRP = withdrawByTokens( STAmount{XRPAmount{10'000'000'000}}, STAmount{token1, 9'999'900}, STAmount{token1, 4'999'900}, 0); // Carol withdraws ammAlice.withdrawAll(carol, XRP(0)); BEAST_EXPECT(accountBalance(env, carol) == "29999949949"); BEAST_EXPECT(ammAlice.expectBalances( XRPAmount{10'000'000'000} - priceXRP, USD(10'000), IOUAmount{5'000'000})); BEAST_EXPECT(ammAlice.expectLPTokens(alice, IOUAmount{5'000'000})); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{0})); }); // Offer crossing with two AMM LPTokens. testAMM([&](AMM& ammAlice, Env& env) { ammAlice.deposit(carol, 1'000'000); fund(env, gw, {alice, carol}, {EUR(10'000)}, Fund::IOUOnly); AMM ammAlice1(env, alice, XRP(10'000), EUR(10'000)); ammAlice1.deposit(carol, 1'000'000); auto const token1 = ammAlice.lptIssue(); auto const token2 = ammAlice1.lptIssue(); env(offer(alice, STAmount{token1, 100}, STAmount{token2, 100}), txflags(tfPassive)); env.close(); BEAST_EXPECT(expectOffers(env, alice, 1)); env(offer(carol, STAmount{token2, 100}, STAmount{token1, 100})); env.close(); BEAST_EXPECT( expectLine(env, alice, STAmount{token1, 10'000'100}) && expectLine(env, alice, STAmount{token2, 9'999'900})); BEAST_EXPECT( expectLine(env, carol, STAmount{token2, 1'000'100}) && expectLine(env, carol, STAmount{token1, 999'900})); BEAST_EXPECT( expectOffers(env, alice, 0) && expectOffers(env, carol, 0)); }); // LPs pay LPTokens directly. Must trust set because the trust line // is checked for the limit, which is 0 in the AMM auto-created // trust line. testAMM([&](AMM& ammAlice, Env& env) { auto const token1 = ammAlice.lptIssue(); env.trust(STAmount{token1, 2'000'000}, carol); env.close(); ammAlice.deposit(carol, 1'000'000); BEAST_EXPECT( ammAlice.expectLPTokens(alice, IOUAmount{10'000'000, 0}) && ammAlice.expectLPTokens(carol, IOUAmount{1'000'000, 0})); // Pool balance doesn't change, only tokens moved from // one line to another. env(pay(alice, carol, STAmount{token1, 100})); env.close(); BEAST_EXPECT( // Alice initial token1 10,000,000 - 100 ammAlice.expectLPTokens(alice, IOUAmount{9'999'900, 0}) && // Carol initial token1 1,000,000 + 100 ammAlice.expectLPTokens(carol, IOUAmount{1'000'100, 0})); env.trust(STAmount{token1, 20'000'000}, alice); env.close(); env(pay(carol, alice, STAmount{token1, 100})); env.close(); // Back to the original balance BEAST_EXPECT( ammAlice.expectLPTokens(alice, IOUAmount{10'000'000, 0}) && ammAlice.expectLPTokens(carol, IOUAmount{1'000'000, 0})); }); } void testAmendment() { testcase("Amendment"); using namespace jtx; FeatureBitset const all{supported_amendments()}; FeatureBitset const noAMM{all - featureAMM}; FeatureBitset const noNumber{all - fixUniversalNumber}; FeatureBitset const noAMMAndNumber{ all - featureAMM - fixUniversalNumber}; for (auto const& feature : {noAMM, noNumber, noAMMAndNumber}) { Env env{*this, feature}; fund(env, gw, {alice}, {USD(1'000)}, Fund::All); AMM amm(env, alice, XRP(1'000), USD(1'000), ter(temDISABLED)); } } void testFlags() { testcase("Flags"); using namespace jtx; testAMM([&](AMM& ammAlice, Env& env) { auto const info = env.rpc( "json", "account_info", std::string( "{\"account\": \"" + to_string(ammAlice.ammAccount()) + "\"}")); auto const flags = info[jss::result][jss::account_data][jss::Flags].asUInt(); BEAST_EXPECT( flags == (lsfDisableMaster | lsfDefaultRipple | lsfDepositAuth)); }); } void testRippling() { testcase("Rippling"); using namespace jtx; // Rippling via AMM fails because AMM trust line has 0 limit. // Set up two issuers, A and B. Have each issue a token called TST. // Have another account C hold TST from both issuers, // and create an AMM for this pair. // Have a fourth account, D, create a trust line to the AMM for TST. // Send a payment delivering TST.AMM from C to D, using SendMax in // TST.A (or B) and a path through the AMM account. By normal // rippling rules, this would have caused the AMM's balances // to shift at a 1:1 rate with no fee applied has it not been // for 0 limit. { Env env(*this); auto const A = Account("A"); auto const B = Account("B"); auto const TSTA = A["TST"]; auto const TSTB = B["TST"]; auto const C = Account("C"); auto const D = Account("D"); env.fund(XRP(10'000), A); env.fund(XRP(10'000), B); env.fund(XRP(10'000), C); env.fund(XRP(10'000), D); env.trust(TSTA(10'000), C); env.trust(TSTB(10'000), C); env(pay(A, C, TSTA(10'000))); env(pay(B, C, TSTB(10'000))); AMM amm(env, C, TSTA(5'000), TSTB(5'000)); auto const ammIss = Issue(TSTA.currency, amm.ammAccount()); // Can SetTrust only for AMM LP tokens env(trust(D, STAmount{ammIss, 10'000}), ter(tecNO_PERMISSION)); env.close(); // The payment would fail because of above, but check just in case env(pay(C, D, STAmount{ammIss, 10}), sendmax(TSTA(100)), path(amm.ammAccount()), txflags(tfPartialPayment | tfNoRippleDirect), ter(tecPATH_DRY)); } } void testAMMAndCLOB() { testcase("AMMAndCLOB, offer quality change"); using namespace jtx; auto const gw = Account("gw"); auto const TST = gw["TST"]; auto const LP1 = Account("LP1"); auto const LP2 = Account("LP2"); auto prep = [&](auto const& offerCb, auto const& expectCb) { Env env(*this); env.fund(XRP(30'000'000'000), gw); env(offer(gw, XRP(11'500'000'000), TST(1'000'000'000))); env.fund(XRP(10'000), LP1); env.fund(XRP(10'000), LP2); env(offer(LP1, TST(25), XRPAmount(287'500'000))); // Either AMM or CLOB offer offerCb(env); env(offer(LP2, TST(25), XRPAmount(287'500'000))); expectCb(env); }; // If we replace AMM with equivalent CLOB offer, which // AMM generates when it is consumed, then the // result must be identical. std::string lp2TSTBalance; std::string lp2TakerGets; std::string lp2TakerPays; // Execute with AMM first prep( [&](Env& env) { AMM amm(env, LP1, TST(25), XRP(250)); }, [&](Env& env) { lp2TSTBalance = getAccountLines(env, LP2, TST)["lines"][0u]["balance"] .asString(); auto const offer = getAccountOffers(env, LP2)["offers"][0u]; lp2TakerGets = offer["taker_gets"].asString(); lp2TakerPays = offer["taker_pays"]["value"].asString(); }); // Execute with CLOB offer prep( [&](Env& env) { env(offer( LP1, XRPAmount{18'095'133}, STAmount{TST, UINT64_C(1'68737984885388), -14}), txflags(tfPassive)); }, [&](Env& env) { BEAST_EXPECT( lp2TSTBalance == getAccountLines(env, LP2, TST)["lines"][0u]["balance"] .asString()); auto const offer = getAccountOffers(env, LP2)["offers"][0u]; BEAST_EXPECT(lp2TakerGets == offer["taker_gets"].asString()); BEAST_EXPECT( lp2TakerPays == offer["taker_pays"]["value"].asString()); }); } void testTradingFee() { testcase("Trading Fee"); using namespace jtx; // Single Deposit, 1% fee testAMM( [&](AMM& ammAlice, Env& env) { // No fee ammAlice.deposit(carol, USD(3'000)); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{1'000})); ammAlice.withdrawAll(carol, USD(3'000)); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{0})); BEAST_EXPECT(expectLine(env, carol, USD(30'000))); // Set fee to 1% ammAlice.vote(alice, 1'000); BEAST_EXPECT(ammAlice.expectTradingFee(1'000)); // Carol gets fewer LPToken ~994, because of the single deposit // fee ammAlice.deposit(carol, USD(3'000)); BEAST_EXPECT(ammAlice.expectLPTokens( carol, IOUAmount{994'981155689671, -12})); BEAST_EXPECT(expectLine(env, carol, USD(27'000))); // Set fee to 0 ammAlice.vote(alice, 0); ammAlice.withdrawAll(carol, USD(0)); // Carol gets back less than the original deposit BEAST_EXPECT(expectLine( env, carol, STAmount{USD, UINT64_C(29'994'96220068281), -11})); }, {{USD(1'000), EUR(1'000)}}); // Single deposit with EP not exceeding specified: // 100USD with EP not to exceed 0.1 (AssetIn/TokensOut). 1% fee. testAMM( [&](AMM& ammAlice, Env& env) { auto const balance = env.balance(carol, USD); auto tokensFee = ammAlice.deposit( carol, USD(1'000), std::nullopt, STAmount{USD, 1, -1}); auto const deposit = balance - env.balance(carol, USD); ammAlice.withdrawAll(carol, USD(0)); ammAlice.vote(alice, 0); BEAST_EXPECT(ammAlice.expectTradingFee(0)); auto const tokensNoFee = ammAlice.deposit(carol, deposit); // carol pays ~2008 LPTokens in fees or ~0.5% of the no-fee // LPTokens BEAST_EXPECT(tokensFee == IOUAmount(485'636'0611129, -7)); BEAST_EXPECT(tokensNoFee == IOUAmount(487'644'85901109, -8)); }, std::nullopt, 1'000); // Single deposit with EP not exceeding specified: // 200USD with EP not to exceed 0.002020 (AssetIn/TokensOut). 1% fee testAMM( [&](AMM& ammAlice, Env& env) { auto const balance = env.balance(carol, USD); auto const tokensFee = ammAlice.deposit( carol, USD(200), std::nullopt, STAmount{USD, 2020, -6}); auto const deposit = balance - env.balance(carol, USD); ammAlice.withdrawAll(carol, USD(0)); ammAlice.vote(alice, 0); BEAST_EXPECT(ammAlice.expectTradingFee(0)); auto const tokensNoFee = ammAlice.deposit(carol, deposit); // carol pays ~475 LPTokens in fees or ~0.5% of the no-fee // LPTokens BEAST_EXPECT(tokensFee == IOUAmount(98'000'00000002, -8)); BEAST_EXPECT(tokensNoFee == IOUAmount(98'475'81871545, -8)); }, std::nullopt, 1'000); // Single Withdrawal, 1% fee testAMM( [&](AMM& ammAlice, Env& env) { // No fee ammAlice.deposit(carol, USD(3'000)); BEAST_EXPECT(ammAlice.expectLPTokens(carol, IOUAmount{1'000})); BEAST_EXPECT(expectLine(env, carol, USD(27'000))); // Set fee to 1% ammAlice.vote(alice, 1'000); BEAST_EXPECT(ammAlice.expectTradingFee(1'000)); // Single withdrawal. Carol gets ~5USD less than deposited. ammAlice.withdrawAll(carol, USD(0)); BEAST_EXPECT(expectLine( env, carol, STAmount{USD, UINT64_C(29'994'97487437186), -11})); }, {{USD(1'000), EUR(1'000)}}); // Withdraw with EPrice limit, 1% fee. testAMM( [&](AMM& ammAlice, Env& env) { ammAlice.deposit(carol, 1'000'000); auto const tokensFee = ammAlice.withdraw( carol, USD(100), std::nullopt, IOUAmount{520, 0}); // carol withdraws ~1,443.44USD auto const balanceAfterWithdraw = STAmount(USD, UINT64_C(30'443'43891402715), -11); BEAST_EXPECT(env.balance(carol, USD) == balanceAfterWithdraw); // Set to original pool size auto const deposit = balanceAfterWithdraw - USD(29'000); ammAlice.deposit(carol, deposit); // fee 0% ammAlice.vote(alice, 0); BEAST_EXPECT(ammAlice.expectTradingFee(0)); auto const tokensNoFee = ammAlice.withdraw(carol, deposit); BEAST_EXPECT( env.balance(carol, USD) == STAmount(USD, UINT64_C(30'443'43891402717), -11)); // carol pays ~4008 LPTokens in fees or ~0.5% of the no-fee // LPTokens BEAST_EXPECT(tokensNoFee == IOUAmount(746'579'80779913, -8)); BEAST_EXPECT(tokensFee == IOUAmount(750'588'23529411, -8)); }, std::nullopt, 1'000); // Payment, 1% fee testAMM( [&](AMM& ammAlice, Env& env) { fund( env, gw, {bob}, XRP(1'000), {USD(1'000), EUR(1'000)}, Fund::Acct); // Alice contributed 1010EUR and 1000USD to the pool BEAST_EXPECT(expectLine(env, alice, EUR(28'990))); BEAST_EXPECT(expectLine(env, alice, USD(29'000))); BEAST_EXPECT(expectLine(env, carol, USD(30'000))); // Carol pays to Alice with no fee env(pay(carol, alice, EUR(10)), path(~EUR), sendmax(USD(10)), txflags(tfNoRippleDirect)); env.close(); // Alice has 10EUR more and Carol has 10USD less BEAST_EXPECT(expectLine(env, alice, EUR(29'000))); BEAST_EXPECT(expectLine(env, alice, USD(29'000))); BEAST_EXPECT(expectLine(env, carol, USD(29'990))); // Set fee to 1% ammAlice.vote(alice, 1'000); BEAST_EXPECT(ammAlice.expectTradingFee(1'000)); // Bob pays to Carol with 1% fee env(pay(bob, carol, USD(10)), path(~USD), sendmax(EUR(15)), txflags(tfNoRippleDirect)); env.close(); // Bob sends 10.1~EUR to pay 10USD BEAST_EXPECT(expectLine( env, bob, STAmount{EUR, UINT64_C(989'8989898989899), -13})); // Carol got 10USD BEAST_EXPECT(expectLine(env, carol, USD(30'000))); BEAST_EXPECT(ammAlice.expectBalances( USD(1'000), STAmount{EUR, UINT64_C(1'010'10101010101), -11}, ammAlice.tokens())); }, {{USD(1'000), EUR(1'010)}}); // Offer crossing, 0.5% fee testAMM( [&](AMM& ammAlice, Env& env) { // No fee env(offer(carol, EUR(10), USD(10))); env.close(); BEAST_EXPECT(expectLine(env, carol, USD(29'990))); BEAST_EXPECT(expectLine(env, carol, EUR(30'010))); // Change pool composition back env(offer(carol, USD(10), EUR(10))); env.close(); // Set fee to 0.5% ammAlice.vote(alice, 500); BEAST_EXPECT(ammAlice.expectTradingFee(500)); env(offer(carol, EUR(10), USD(10))); env.close(); // Alice gets fewer ~4.97EUR for ~5.02USD, the difference goes // to the pool BEAST_EXPECT(expectLine( env, carol, STAmount{USD, UINT64_C(29'995'02512562814), -11})); BEAST_EXPECT(expectLine( env, carol, STAmount{EUR, UINT64_C(30'004'97487437186), -11})); BEAST_EXPECT(expectOffers( env, carol, 1, {{Amounts{ STAmount{EUR, UINT64_C(5'025125628140703), -15}, STAmount{USD, UINT64_C(5'025125628140703), -15}}}})); BEAST_EXPECT(ammAlice.expectBalances( STAmount{USD, UINT64_C(1'004'974874371859), -12}, STAmount{EUR, UINT64_C(1'005'025125628141), -12}, ammAlice.tokens())); }, {{USD(1'000), EUR(1'010)}}); // Payment with AMM and CLOB offer, 0 fee // AMM liquidity is consumed first up to CLOB offer quality // CLOB offer is fully consumed next // Remaining amount is consumed via AMM liquidity { Env env(*this); Account const ed("ed"); fund( env, gw, {alice, bob, carol, ed}, XRP(1'000), {USD(2'000), EUR(2'000)}); env(offer(carol, EUR(5), USD(5))); AMM ammAlice(env, alice, USD(1'005), EUR(1'000)); env(pay(bob, ed, USD(10)), path(~USD), sendmax(EUR(15)), txflags(tfNoRippleDirect)); BEAST_EXPECT(expectLine(env, ed, USD(2'010))); BEAST_EXPECT(expectLine(env, bob, EUR(1'990))); BEAST_EXPECT(ammAlice.expectBalances( USD(1'000), EUR(1'005), ammAlice.tokens())); BEAST_EXPECT(expectOffers(env, carol, 0)); } // Payment with AMM and CLOB offer. Same as above but with 0.25% fee. { Env env(*this); Account const ed("ed"); fund( env, gw, {alice, bob, carol, ed}, XRP(1'000), {USD(2'000), EUR(2'000)}); env(offer(carol, EUR(5), USD(5))); // Set 0.25% fee AMM ammAlice(env, alice, USD(1'005), EUR(1'000), false, 250); env(pay(bob, ed, USD(10)), path(~USD), sendmax(EUR(15)), txflags(tfNoRippleDirect)); BEAST_EXPECT(expectLine(env, ed, USD(2'010))); BEAST_EXPECT(expectLine( env, bob, STAmount{EUR, UINT64_C(1'989'987453007618), -12})); BEAST_EXPECT(ammAlice.expectBalances( USD(1'000), STAmount{EUR, UINT64_C(1'005'012546992382), -12}, ammAlice.tokens())); BEAST_EXPECT(expectOffers(env, carol, 0)); } // Payment with AMM and CLOB offer. AMM has a better // spot price quality, but 1% fee offsets that. As the result // the entire trade is executed via LOB. { Env env(*this); Account const ed("ed"); fund( env, gw, {alice, bob, carol, ed}, XRP(1'000), {USD(2'000), EUR(2'000)}); env(offer(carol, EUR(10), USD(10))); // Set 1% fee AMM ammAlice(env, alice, USD(1'005), EUR(1'000), false, 1'000); env(pay(bob, ed, USD(10)), path(~USD), sendmax(EUR(15)), txflags(tfNoRippleDirect)); BEAST_EXPECT(expectLine(env, ed, USD(2'010))); BEAST_EXPECT(expectLine(env, bob, EUR(1'990))); BEAST_EXPECT(ammAlice.expectBalances( USD(1'005), EUR(1'000), ammAlice.tokens())); BEAST_EXPECT(expectOffers(env, carol, 0)); } // Payment with AMM and CLOB offer. AMM has a better // spot price quality, but 1% fee offsets that. // The CLOB offer is consumed first and the remaining // amount is consumed via AMM liquidity. { Env env(*this); Account const ed("ed"); fund( env, gw, {alice, bob, carol, ed}, XRP(1'000), {USD(2'000), EUR(2'000)}); env(offer(carol, EUR(9), USD(9))); // Set 1% fee AMM ammAlice(env, alice, USD(1'005), EUR(1'000), false, 1'000); env(pay(bob, ed, USD(10)), path(~USD), sendmax(EUR(15)), txflags(tfNoRippleDirect)); BEAST_EXPECT(expectLine(env, ed, USD(2'010))); BEAST_EXPECT(expectLine( env, bob, STAmount{EUR, UINT64_C(1'989'993923296712), -12})); BEAST_EXPECT(ammAlice.expectBalances( USD(1'004), STAmount{EUR, UINT64_C(1'001'006076703288), -12}, ammAlice.tokens())); BEAST_EXPECT(expectOffers(env, carol, 0)); } } void testAdjustedTokens() { testcase("Adjusted Deposit/Withdraw Tokens"); using namespace jtx; // Deposit/Withdraw in USD testAMM([&](AMM& ammAlice, Env& env) { Account const bob("bob"); Account const ed("ed"); Account const paul("paul"); Account const dan("dan"); Account const chris("chris"); Account const simon("simon"); Account const ben("ben"); Account const nataly("nataly"); fund( env, gw, {bob, ed, paul, dan, chris, simon, ben, nataly}, {USD(1'500'000)}, Fund::Acct); for (int i = 0; i < 10; ++i) { ammAlice.deposit(ben, STAmount{USD, 1, -10}); ammAlice.withdrawAll(ben, USD(0)); ammAlice.deposit(simon, USD(0.1)); ammAlice.withdrawAll(simon, USD(0)); ammAlice.deposit(chris, USD(1)); ammAlice.withdrawAll(chris, USD(0)); ammAlice.deposit(dan, USD(10)); ammAlice.withdrawAll(dan, USD(0)); ammAlice.deposit(bob, USD(100)); ammAlice.withdrawAll(bob, USD(0)); ammAlice.deposit(carol, USD(1'000)); ammAlice.withdrawAll(carol, USD(0)); ammAlice.deposit(ed, USD(10'000)); ammAlice.withdrawAll(ed, USD(0)); ammAlice.deposit(paul, USD(100'000)); ammAlice.withdrawAll(paul, USD(0)); ammAlice.deposit(nataly, USD(1'000'000)); ammAlice.withdrawAll(nataly, USD(0)); } // Due to round off some accounts have a tiny gain, while // other have a tiny loss. The last account to withdraw // gets everything in the pool. BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), STAmount{USD, UINT64_C(10'000'0000000013), -10}, IOUAmount{10'000'000})); BEAST_EXPECT(expectLine(env, ben, USD(1'500'000))); BEAST_EXPECT(expectLine(env, simon, USD(1'500'000))); BEAST_EXPECT(expectLine(env, chris, USD(1'500'000))); BEAST_EXPECT(expectLine(env, dan, USD(1'500'000))); BEAST_EXPECT(expectLine( env, carol, STAmount{USD, UINT64_C(30'000'00000000001), -11})); BEAST_EXPECT(expectLine(env, ed, USD(1'500'000))); BEAST_EXPECT(expectLine(env, paul, USD(1'500'000))); BEAST_EXPECT(expectLine( env, nataly, STAmount{USD, UINT64_C(1'500'000'000000002), -9})); ammAlice.withdrawAll(alice); BEAST_EXPECT(!ammAlice.ammExists()); BEAST_EXPECT(expectLine( env, alice, STAmount{USD, UINT64_C(30'000'0000000013), -10})); // alice XRP balance is 30,000initial - 50 ammcreate fee - 10drops // fee BEAST_EXPECT(accountBalance(env, alice) == "29949999990"); }); // Same as above but deposit/withdraw in XRP testAMM([&](AMM& ammAlice, Env& env) { Account const bob("bob"); Account const ed("ed"); Account const paul("paul"); Account const dan("dan"); Account const chris("chris"); Account const simon("simon"); Account const ben("ben"); Account const nataly("nataly"); fund( env, gw, {bob, ed, paul, dan, chris, simon, ben, nataly}, XRP(2'000'000), {}, Fund::Acct); for (int i = 0; i < 10; ++i) { ammAlice.deposit(ben, XRPAmount{1}); ammAlice.withdrawAll(ben, XRP(0)); ammAlice.deposit(simon, XRPAmount(1'000)); ammAlice.withdrawAll(simon, XRP(0)); ammAlice.deposit(chris, XRP(1)); ammAlice.withdrawAll(chris, XRP(0)); ammAlice.deposit(dan, XRP(10)); ammAlice.withdrawAll(dan, XRP(0)); ammAlice.deposit(bob, XRP(100)); ammAlice.withdrawAll(bob, XRP(0)); ammAlice.deposit(carol, XRP(1'000)); ammAlice.withdrawAll(carol, XRP(0)); ammAlice.deposit(ed, XRP(10'000)); ammAlice.withdrawAll(ed, XRP(0)); ammAlice.deposit(paul, XRP(100'000)); ammAlice.withdrawAll(paul, XRP(0)); ammAlice.deposit(nataly, XRP(1'000'000)); ammAlice.withdrawAll(nataly, XRP(0)); } // No round off with XRP in this test BEAST_EXPECT(ammAlice.expectBalances( XRP(10'000), USD(10'000), IOUAmount{10'000'000})); ammAlice.withdrawAll(alice); BEAST_EXPECT(!ammAlice.ammExists()); // 20,000 initial - (deposit+withdraw) * 10 auto const xrpBalance = (XRP(2'000'000) - txfee(env, 20)).getText(); BEAST_EXPECT(accountBalance(env, ben) == xrpBalance); BEAST_EXPECT(accountBalance(env, simon) == xrpBalance); BEAST_EXPECT(accountBalance(env, chris) == xrpBalance); BEAST_EXPECT(accountBalance(env, dan) == xrpBalance); // 30,000 initial - (deposit+withdraw) * 10 BEAST_EXPECT(accountBalance(env, carol) == "29999999800"); BEAST_EXPECT(accountBalance(env, ed) == xrpBalance); BEAST_EXPECT(accountBalance(env, paul) == xrpBalance); BEAST_EXPECT(accountBalance(env, nataly) == xrpBalance); // 30,000 initial - 50 ammcreate fee - 10drops withdraw fee BEAST_EXPECT(accountBalance(env, alice) == "29949999990"); }); } void testAutoDelete() { testcase("Auto Delete"); using namespace jtx; FeatureBitset const all{supported_amendments()}; { Env env( *this, envconfig([](std::unique_ptr cfg) { cfg->FEES.reference_fee = XRPAmount(1); return cfg; }), all); fund(env, gw, {alice}, XRP(20'000), {USD(10'000)}); AMM amm(env, gw, XRP(10'000), USD(10'000)); for (auto i = 0; i < maxDeletableAMMTrustLines + 10; ++i) { Account const a{std::to_string(i)}; env.fund(XRP(1'000), a); env(trust(a, STAmount{amm.lptIssue(), 10'000})); env.close(); } // The trustlines are partially deleted, // AMM is set to an empty state. amm.withdrawAll(gw); BEAST_EXPECT(amm.ammExists()); // Bid,Vote,Deposit,Withdraw,SetTrust failing with // tecAMM_EMPTY. Deposit succeeds with tfTwoAssetIfEmpty option. amm.bid( alice, 1000, std::nullopt, {}, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_EMPTY)); amm.vote( std::nullopt, 100, std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_EMPTY)); amm.withdraw( alice, 100, std::nullopt, std::nullopt, ter(tecAMM_EMPTY)); amm.deposit( alice, USD(100), std::nullopt, std::nullopt, std::nullopt, ter(tecAMM_EMPTY)); env(trust(alice, STAmount{amm.lptIssue(), 10'000}), ter(tecAMM_EMPTY)); // Can deposit with tfTwoAssetIfEmpty option amm.deposit( alice, std::nullopt, XRP(10'000), USD(10'000), std::nullopt, tfTwoAssetIfEmpty, std::nullopt, std::nullopt, 1'000); BEAST_EXPECT( amm.expectBalances(XRP(10'000), USD(10'000), amm.tokens())); BEAST_EXPECT(amm.expectTradingFee(1'000)); BEAST_EXPECT(amm.expectAuctionSlot(100, 0, IOUAmount{0})); // Withdrawing all tokens deletes AMM since the number // of remaining trustlines is less than max amm.withdrawAll(alice); BEAST_EXPECT(!amm.ammExists()); BEAST_EXPECT(!env.le(keylet::ownerDir(amm.ammAccount()))); } { Env env( *this, envconfig([](std::unique_ptr cfg) { cfg->FEES.reference_fee = XRPAmount(1); return cfg; }), all); fund(env, gw, {alice}, XRP(20'000), {USD(10'000)}); AMM amm(env, gw, XRP(10'000), USD(10'000)); for (auto i = 0; i < maxDeletableAMMTrustLines * 2 + 10; ++i) { Account const a{std::to_string(i)}; env.fund(XRP(1'000), a); env(trust(a, STAmount{amm.lptIssue(), 10'000})); env.close(); } // The trustlines are partially deleted. amm.withdrawAll(gw); BEAST_EXPECT(amm.ammExists()); // AMMDelete has to be called twice to delete AMM. amm.ammDelete(alice, ter(tecINCOMPLETE)); BEAST_EXPECT(amm.ammExists()); // Deletes remaining trustlines and deletes AMM. amm.ammDelete(alice); BEAST_EXPECT(!amm.ammExists()); BEAST_EXPECT(!env.le(keylet::ownerDir(amm.ammAccount()))); } } void testClawback() { testcase("Clawback"); using namespace jtx; Env env(*this); env.fund(XRP(2'000), gw); env.fund(XRP(2'000), alice); AMM amm(env, gw, XRP(1'000), USD(1'000)); env(fset(gw, asfAllowTrustLineClawback), ter(tecOWNERS)); } void testAMMID() { testcase("AMMID"); using namespace jtx; testAMM([&](AMM& amm, Env& env) { amm.setClose(false); auto const info = env.rpc( "json", "account_info", std::string( "{\"account\": \"" + to_string(amm.ammAccount()) + "\"}")); try { BEAST_EXPECT( info[jss::result][jss::account_data][jss::AMMID] .asString() == to_string(amm.ammID())); } catch (...) { fail(); } amm.deposit(carol, 1'000); auto affected = env.meta()->getJson( JsonOptions::none)[sfAffectedNodes.fieldName]; try { bool found = false; for (auto const& node : affected) { if (node.isMember(sfModifiedNode.fieldName) && node[sfModifiedNode.fieldName] [sfLedgerEntryType.fieldName] .asString() == "AccountRoot" && node[sfModifiedNode.fieldName][sfFinalFields.fieldName] [jss::Account] .asString() == to_string(amm.ammAccount())) { found = node[sfModifiedNode.fieldName] [sfFinalFields.fieldName][jss::AMMID] .asString() == to_string(amm.ammID()); break; } } BEAST_EXPECT(found); } catch (...) { fail(); } }); } void testSelection() { testcase("Offer/Strand Selection"); using namespace jtx; Account const ed("ed"); Account const gw1("gw1"); auto const ETH = gw1["ETH"]; auto const CAN = gw1["CAN"]; // These tests are expected to fail if the OwnerPaysFee feature // is ever supported. Updates will need to be made to AMM handling // in the payment engine, and these tests will need to be updated. auto prep = [&](Env& env, auto gwRate, auto gw1Rate) { fund(env, gw, {alice, carol, bob, ed}, XRP(2'000), {USD(2'000)}); env.fund(XRP(2'000), gw1); fund( env, gw1, {alice, carol, bob, ed}, {ETH(2'000), CAN(2'000)}, Fund::IOUOnly); env(rate(gw, gwRate)); env(rate(gw1, gw1Rate)); env.close(); }; for (auto const& rates : {std::make_pair(1.5, 1.9), std::make_pair(1.9, 1.5)}) { // Offer Selection // Cross-currency payment: AMM has the same spot price quality // as CLOB's offer and can't generate a better quality offer. // The transfer fee in this case doesn't change the CLOB quality // because trIn is ignored on adjustment and trOut on payment is // also ignored because ownerPaysTransferFee is false in this case. // Run test for 0) offer, 1) AMM, 2) offer and AMM // to verify that the quality is better in the first case, // and CLOB is selected in the second case. { std::array q; for (auto i = 0; i < 3; ++i) { Env env(*this); prep(env, rates.first, rates.second); std::optional amm; if (i == 0 || i == 2) { env(offer(ed, ETH(400), USD(400)), txflags(tfPassive)); env.close(); } if (i > 0) amm.emplace(env, ed, USD(1'000), ETH(1'000)); env(pay(carol, bob, USD(100)), path(~USD), sendmax(ETH(500))); env.close(); // CLOB and AMM, AMM is not selected if (i == 2) { BEAST_EXPECT(amm->expectBalances( USD(1'000), ETH(1'000), amm->tokens())); } BEAST_EXPECT(expectLine(env, bob, USD(2'100))); q[i] = Quality(Amounts{ ETH(2'000) - env.balance(carol, ETH), env.balance(bob, USD) - USD(2'000)}); } // CLOB is better quality than AMM BEAST_EXPECT(q[0] > q[1]); // AMM is not selected with CLOB BEAST_EXPECT(q[0] == q[2]); } // Offer crossing: AMM has the same spot price quality // as CLOB's offer and can't generate a better quality offer. // The transfer fee in this case doesn't change the CLOB quality // because the quality adjustment is ignored for the offer crossing. for (auto i = 0; i < 3; ++i) { Env env(*this); prep(env, rates.first, rates.second); std::optional amm; if (i == 0 || i == 2) { env(offer(ed, ETH(400), USD(400)), txflags(tfPassive)); env.close(); } if (i > 0) amm.emplace(env, ed, USD(1'000), ETH(1'000)); env(offer(alice, USD(400), ETH(400))); env.close(); // AMM is not selected if (i > 0) { BEAST_EXPECT(amm->expectBalances( USD(1'000), ETH(1'000), amm->tokens())); } if (i == 0 || i == 2) { // Fully crosses BEAST_EXPECT(expectOffers(env, alice, 0)); } // Fails to cross because AMM is not selected else { BEAST_EXPECT(expectOffers( env, alice, 1, {Amounts{USD(400), ETH(400)}})); } BEAST_EXPECT(expectOffers(env, ed, 0)); } // Show that the CLOB quality reduction // results in AMM offer selection. // Same as the payment but reduced offer quality { std::array q; for (auto i = 0; i < 3; ++i) { Env env(*this); prep(env, rates.first, rates.second); std::optional amm; if (i == 0 || i == 2) { env(offer(ed, ETH(400), USD(300)), txflags(tfPassive)); env.close(); } if (i > 0) amm.emplace(env, ed, USD(1'000), ETH(1'000)); env(pay(carol, bob, USD(100)), path(~USD), sendmax(ETH(500))); env.close(); // AMM and CLOB are selected if (i > 0) { BEAST_EXPECT(!amm->expectBalances( USD(1'000), ETH(1'000), amm->tokens())); } if (i == 2) { if (rates.first == 1.5) { BEAST_EXPECT(expectOffers( env, ed, 1, {{Amounts{ STAmount{ ETH, UINT64_C(378'6327949540823), -13}, STAmount{ USD, UINT64_C(283'9745962155617), -13}}}})); } else { BEAST_EXPECT(expectOffers( env, ed, 1, {{Amounts{ STAmount{ ETH, UINT64_C(325'299461620749), -12}, STAmount{ USD, UINT64_C(243'9745962155617), -13}}}})); } } BEAST_EXPECT(expectLine(env, bob, USD(2'100))); q[i] = Quality(Amounts{ ETH(2'000) - env.balance(carol, ETH), env.balance(bob, USD) - USD(2'000)}); } // AMM is better quality BEAST_EXPECT(q[1] > q[0]); // AMM and CLOB produce better quality BEAST_EXPECT(q[2] > q[1]); } // Same as the offer-crossing but reduced offer quality for (auto i = 0; i < 3; ++i) { Env env(*this); prep(env, rates.first, rates.second); std::optional amm; if (i == 0 || i == 2) { env(offer(ed, ETH(400), USD(250)), txflags(tfPassive)); env.close(); } if (i > 0) amm.emplace(env, ed, USD(1'000), ETH(1'000)); env(offer(alice, USD(250), ETH(400))); env.close(); // AMM is selected in both cases if (i > 0) { BEAST_EXPECT(!amm->expectBalances( USD(1'000), ETH(1'000), amm->tokens())); } // Partially crosses, AMM is selected, CLOB fails limitQuality if (i == 2) { if (rates.first == 1.5) { BEAST_EXPECT(expectOffers( env, ed, 1, {{Amounts{ETH(400), USD(250)}}})); BEAST_EXPECT(expectOffers( env, alice, 1, {{Amounts{ STAmount{USD, UINT64_C(40'5694150420947), -13}, STAmount{ETH, UINT64_C(64'91106406735152), -14}, }}})); } else { // Ed offer is partially crossed. BEAST_EXPECT(expectOffers( env, ed, 1, {{Amounts{ STAmount{ETH, UINT64_C(335'0889359326485), -13}, STAmount{USD, UINT64_C(209'4305849579053), -13}, }}})); BEAST_EXPECT(expectOffers(env, alice, 0)); } } } // Strand selection // Two book steps strand quality is 1. // AMM strand's best quality is equal to AMM's spot price // quality, which is 1. Both strands (steps) are adjusted // for the transfer fee in qualityUpperBound. In case // of two strands, AMM offers have better quality and are consumed // first, remaining liquidity is generated by CLOB offers. // Liquidity from two strands is better in this case than in case // of one strand with two book steps. Liquidity from one strand // with AMM has better quality than either one strand with two book // steps or two strands. It may appear unintuitive, but one strand // with AMM is optimized and generates one AMM offer, while in case // of two strands, multiple AMM offers are generated, which results // in slightly worse overall quality. { std::array q; for (auto i = 0; i < 3; ++i) { Env env(*this); prep(env, rates.first, rates.second); std::optional amm; if (i == 0 || i == 2) { env(offer(ed, ETH(400), CAN(400)), txflags(tfPassive)); env(offer(ed, CAN(400), USD(400))), txflags(tfPassive); env.close(); } if (i > 0) amm.emplace(env, ed, ETH(1'000), USD(1'000)); env(pay(carol, bob, USD(100)), path(~USD), path(~CAN, ~USD), sendmax(ETH(600))); env.close(); BEAST_EXPECT(expectLine(env, bob, USD(2'100))); if (i == 2) { if (rates.first == 1.5) { // Liquidity is consumed from AMM strand only BEAST_EXPECT(amm->expectBalances( STAmount{ETH, UINT64_C(1'176'66038955758), -11}, USD(850), amm->tokens())); } else { BEAST_EXPECT(amm->expectBalances( STAmount{ ETH, UINT64_C(1'179'540094339627), -12}, STAmount{USD, UINT64_C(847'7880529867501), -13}, amm->tokens())); BEAST_EXPECT(expectOffers( env, ed, 2, {{Amounts{ STAmount{ ETH, UINT64_C(343'3179205198749), -13}, STAmount{ CAN, UINT64_C(343'3179205198749), -13}, }, Amounts{ STAmount{ CAN, UINT64_C(362'2119470132499), -13}, STAmount{ USD, UINT64_C(362'2119470132499), -13}, }}})); } } q[i] = Quality(Amounts{ ETH(2'000) - env.balance(carol, ETH), env.balance(bob, USD) - USD(2'000)}); } BEAST_EXPECT(q[1] > q[0]); BEAST_EXPECT(q[2] > q[0] && q[2] < q[1]); } } } void testFixDefaultInnerObj() { testcase("Fix Default Inner Object"); using namespace jtx; FeatureBitset const all{supported_amendments()}; auto test = [&](FeatureBitset features, TER const& err1, TER const& err2, TER const& err3, TER const& err4, std::uint16_t tfee, bool closeLedger, std::optional extra = std::nullopt) { Env env(*this, features); fund(env, gw, {alice}, XRP(1'000), {USD(10)}); AMM amm( env, gw, XRP(10), USD(10), {.tfee = tfee, .close = closeLedger}); amm.deposit(alice, USD(10), XRP(10)); amm.vote(VoteArg{.account = alice, .tfee = tfee, .err = ter(err1)}); amm.withdraw(WithdrawArg{ .account = gw, .asset1Out = USD(1), .err = ter(err2)}); // with the amendment disabled and ledger not closed, // second vote succeeds if the first vote sets the trading fee // to non-zero; if the first vote sets the trading fee to >0 && <9 // then the second withdraw succeeds if the second vote sets // the trading fee so that the discounted fee is non-zero amm.vote(VoteArg{.account = alice, .tfee = 20, .err = ter(err3)}); amm.withdraw(WithdrawArg{ .account = gw, .asset1Out = USD(2), .err = ter(err4)}); }; // ledger is closed after each transaction, vote/withdraw don't fail // regardless whether the amendment is enabled or not test(all, tesSUCCESS, tesSUCCESS, tesSUCCESS, tesSUCCESS, 0, true); test( all - fixInnerObjTemplate, tesSUCCESS, tesSUCCESS, tesSUCCESS, tesSUCCESS, 0, true); // ledger is not closed after each transaction // vote/withdraw don't fail if the amendment is enabled test(all, tesSUCCESS, tesSUCCESS, tesSUCCESS, tesSUCCESS, 0, false); // vote/withdraw fail if the amendment is not enabled // second vote/withdraw still fail: second vote fails because // the initial trading fee is 0, consequently second withdraw fails // because the second vote fails test( all - fixInnerObjTemplate, tefEXCEPTION, tefEXCEPTION, tefEXCEPTION, tefEXCEPTION, 0, false); // if non-zero trading/discounted fee then vote/withdraw // don't fail whether the ledger is closed or not and // the amendment is enabled or not test(all, tesSUCCESS, tesSUCCESS, tesSUCCESS, tesSUCCESS, 10, true); test( all - fixInnerObjTemplate, tesSUCCESS, tesSUCCESS, tesSUCCESS, tesSUCCESS, 10, true); test(all, tesSUCCESS, tesSUCCESS, tesSUCCESS, tesSUCCESS, 10, false); test( all - fixInnerObjTemplate, tesSUCCESS, tesSUCCESS, tesSUCCESS, tesSUCCESS, 10, false); // non-zero trading fee but discounted fee is 0, vote doesn't fail // but withdraw fails test(all, tesSUCCESS, tesSUCCESS, tesSUCCESS, tesSUCCESS, 9, false); // second vote sets the trading fee to non-zero, consequently // second withdraw doesn't fail even if the amendment is not // enabled and the ledger is not closed test( all - fixInnerObjTemplate, tesSUCCESS, tefEXCEPTION, tesSUCCESS, tesSUCCESS, 9, false); } void testFixOverflowOffer() { using namespace jtx; using namespace std::chrono; FeatureBitset const all{supported_amendments()}; Account const gatehub{"gatehub"}; Account const bitstamp{"bitstamp"}; Account const trader{"trader"}; auto const usdGH = gatehub["USD"]; auto const btcGH = gatehub["BTC"]; auto const usdBIT = bitstamp["USD"]; struct InputSet { char const* testCase; double const poolUsdBIT; double const poolUsdGH; sendmax const sendMaxUsdBIT; STAmount const sendUsdGH; STAmount const failUsdGH; STAmount const failUsdBIT; STAmount const goodUsdGH; STAmount const goodUsdBIT; IOUAmount const lpTokenBalance; double const offer1BtcGH = 0.1; double const offer2BtcGH = 0.1; double const offer2UsdGH = 1; double const rateBIT = 0.0; double const rateGH = 0.0; }; using uint64_t = std::uint64_t; for (auto const& input : { InputSet{ .testCase = "Test Fix Overflow Offer", // .poolUsdBIT = 3, // .poolUsdGH = 273, // .sendMaxUsdBIT{usdBIT(50)}, // .sendUsdGH{usdGH, uint64_t(272'455089820359), -12}, // .failUsdGH = STAmount{0}, // .failUsdBIT{usdBIT, uint64_t(46'47826086956522), -14}, // .goodUsdGH{usdGH, uint64_t(96'7543114220382), -13}, // .goodUsdBIT{usdBIT, uint64_t(8'464739069120721), -15}, // .lpTokenBalance = {28'61817604250837, -14}, // .offer1BtcGH = 0.1, // .offer2BtcGH = 0.1, // .offer2UsdGH = 1, // .rateBIT = 1.15, // .rateGH = 1.2, // }, InputSet{ .testCase = "Overflow test {1, 100, 0.111}", // .poolUsdBIT = 1, // .poolUsdGH = 100, // .sendMaxUsdBIT{usdBIT(0.111)}, // .sendUsdGH{usdGH, 100}, // .failUsdGH = STAmount{0}, // .failUsdBIT{usdBIT, uint64_t(1'111), -3}, // .goodUsdGH{usdGH, uint64_t(90'04347888284115), -14}, // .goodUsdBIT{usdBIT, uint64_t(1'111), -3}, // .lpTokenBalance{10, 0}, // .offer1BtcGH = 1e-5, // .offer2BtcGH = 1, // .offer2UsdGH = 1e-5, // .rateBIT = 0, // .rateGH = 0, // }, InputSet{ .testCase = "Overflow test {1, 100, 1.00}", // .poolUsdBIT = 1, // .poolUsdGH = 100, // .sendMaxUsdBIT{usdBIT(1.00)}, // .sendUsdGH{usdGH, 100}, // .failUsdGH = STAmount{0}, // .failUsdBIT{usdBIT, uint64_t(2), 0}, // .goodUsdGH{usdGH, uint64_t(52'94379354424079), -14}, // .goodUsdBIT{usdBIT, uint64_t(2), 0}, // .lpTokenBalance{10, 0}, // .offer1BtcGH = 1e-5, // .offer2BtcGH = 1, // .offer2UsdGH = 1e-5, // .rateBIT = 0, // .rateGH = 0, // }, InputSet{ .testCase = "Overflow test {1, 100, 4.6432}", // .poolUsdBIT = 1, // .poolUsdGH = 100, // .sendMaxUsdBIT{usdBIT(4.6432)}, // .sendUsdGH{usdGH, 100}, // .failUsdGH = STAmount{0}, // .failUsdBIT{usdBIT, uint64_t(5'6432), -4}, // .goodUsdGH{usdGH, uint64_t(35'44113971506987), -14}, // .goodUsdBIT{usdBIT, uint64_t(2'821579689703915), -15}, // .lpTokenBalance{10, 0}, // .offer1BtcGH = 1e-5, // .offer2BtcGH = 1, // .offer2UsdGH = 1e-5, // .rateBIT = 0, // .rateGH = 0, // }, InputSet{ .testCase = "Overflow test {1, 100, 10}", // .poolUsdBIT = 1, // .poolUsdGH = 100, // .sendMaxUsdBIT{usdBIT(10)}, // .sendUsdGH{usdGH, 100}, // .failUsdGH = STAmount{0}, // .failUsdBIT{usdBIT, uint64_t(11), 0}, // .goodUsdGH{usdGH, uint64_t(35'44113971506987), -14}, // .goodUsdBIT{usdBIT, uint64_t(2'821579689703915), -15}, // .lpTokenBalance{10, 0}, // .offer1BtcGH = 1e-5, // .offer2BtcGH = 1, // .offer2UsdGH = 1e-5, // .rateBIT = 0, // .rateGH = 0, // }, InputSet{ .testCase = "Overflow test {50, 100, 5.55}", // .poolUsdBIT = 50, // .poolUsdGH = 100, // .sendMaxUsdBIT{usdBIT(5.55)}, // .sendUsdGH{usdGH, 100}, // .failUsdGH = STAmount{0}, // .failUsdBIT{usdBIT, uint64_t(55'55), -2}, // .goodUsdGH{usdGH, uint64_t(90'04347888284113), -14}, // .goodUsdBIT{usdBIT, uint64_t(55'55), -2}, // .lpTokenBalance{uint64_t(70'71067811865475), -14}, // .offer1BtcGH = 1e-5, // .offer2BtcGH = 1, // .offer2UsdGH = 1e-5, // .rateBIT = 0, // .rateGH = 0, // }, InputSet{ .testCase = "Overflow test {50, 100, 50.00}", // .poolUsdBIT = 50, // .poolUsdGH = 100, // .sendMaxUsdBIT{usdBIT(50.00)}, // .sendUsdGH{usdGH, 100}, // .failUsdGH{usdGH, uint64_t(52'94379354424081), -14}, // .failUsdBIT{usdBIT, uint64_t(100), 0}, // .goodUsdGH{usdGH, uint64_t(52'94379354424081), -14}, // .goodUsdBIT{usdBIT, uint64_t(100), 0}, // .lpTokenBalance{uint64_t(70'71067811865475), -14}, // .offer1BtcGH = 1e-5, // .offer2BtcGH = 1, // .offer2UsdGH = 1e-5, // .rateBIT = 0, // .rateGH = 0, // }, InputSet{ .testCase = "Overflow test {50, 100, 232.16}", // .poolUsdBIT = 50, // .poolUsdGH = 100, // .sendMaxUsdBIT{usdBIT(232.16)}, // .sendUsdGH{usdGH, 100}, // .failUsdGH = STAmount{0}, // .failUsdBIT{usdBIT, uint64_t(282'16), -2}, // .goodUsdGH{usdGH, uint64_t(35'44113971506987), -14}, // .goodUsdBIT{usdBIT, uint64_t(141'0789844851958), -13}, // .lpTokenBalance{70'71067811865475, -14}, // .offer1BtcGH = 1e-5, // .offer2BtcGH = 1, // .offer2UsdGH = 1e-5, // .rateBIT = 0, // .rateGH = 0, // }, InputSet{ .testCase = "Overflow test {50, 100, 500}", // .poolUsdBIT = 50, // .poolUsdGH = 100, // .sendMaxUsdBIT{usdBIT(500)}, // .sendUsdGH{usdGH, 100}, // .failUsdGH = STAmount{0}, // .failUsdBIT{usdBIT, uint64_t(550), 0}, // .goodUsdGH{usdGH, uint64_t(35'44113971506987), -14}, // .goodUsdBIT{usdBIT, uint64_t(141'0789844851958), -13}, // .lpTokenBalance{70'71067811865475, -14}, // .offer1BtcGH = 1e-5, // .offer2BtcGH = 1, // .offer2UsdGH = 1e-5, // .rateBIT = 0, // .rateGH = 0, // }, }) { testcase(input.testCase); for (auto const& features : {all - fixAMMOverflowOffer, all | fixAMMOverflowOffer}) { Env env(*this, features); env.fund(XRP(5'000), gatehub, bitstamp, trader); env.close(); if (input.rateGH != 0.0) env(rate(gatehub, input.rateGH)); if (input.rateBIT != 0.0) env(rate(bitstamp, input.rateBIT)); env(trust(trader, usdGH(10'000'000))); env(trust(trader, usdBIT(10'000'000))); env(trust(trader, btcGH(10'000'000))); env.close(); env(pay(gatehub, trader, usdGH(100'000))); env(pay(gatehub, trader, btcGH(100'000))); env(pay(bitstamp, trader, usdBIT(100'000))); env.close(); AMM amm{ env, trader, usdGH(input.poolUsdGH), usdBIT(input.poolUsdBIT)}; env.close(); IOUAmount const preSwapLPTokenBalance = amm.getLPTokensBalance(); env(offer(trader, usdBIT(1), btcGH(input.offer1BtcGH))); env(offer( trader, btcGH(input.offer2BtcGH), usdGH(input.offer2UsdGH))); env.close(); env(pay(trader, trader, input.sendUsdGH), path(~usdGH), path(~btcGH, ~usdGH), sendmax(input.sendMaxUsdBIT), txflags(tfPartialPayment)); env.close(); if (!features[fixAMMOverflowOffer]) BEAST_EXPECT(amm.expectBalances( input.failUsdGH, input.failUsdBIT, input.lpTokenBalance)); else { BEAST_EXPECT(amm.expectBalances( input.goodUsdGH, input.goodUsdBIT, input.lpTokenBalance)); // Invariant: LPToken balance must not change in a payment // or a swap transaction BEAST_EXPECT( amm.getLPTokensBalance() == preSwapLPTokenBalance); // Invariant: The square root of (product of the pool // balances) must be at least the LPTokenBalance Number const sqrtPoolProduct = root2(input.goodUsdGH * input.goodUsdBIT); // Include a tiny tolerance for the test cases using // .goodUsdGH{usdGH, uint64_t(35'44113971506987), -14}, // .goodUsdBIT{usdBIT, uint64_t(2'821579689703915), -15}, // These two values multiply // to 99.99999999999994227040383754105 which gets internally // rounded to 100, due to representation error. BEAST_EXPECT( (sqrtPoolProduct + Number{1, -14} >= input.lpTokenBalance)); } } } } void testCore() { testInvalidInstance(); testInstanceCreate(); testInvalidDeposit(); testDeposit(); testInvalidWithdraw(); testWithdraw(); testInvalidFeeVote(); testFeeVote(); testInvalidBid(); testBid(); testInvalidAMMPayment(); testBasicPaymentEngine(); testAMMTokens(); testAmendment(); testFlags(); testRippling(); testAMMAndCLOB(); testTradingFee(); testAdjustedTokens(); testAutoDelete(); testClawback(); testAMMID(); testSelection(); testFixDefaultInnerObj(); testFixOverflowOffer(); } void run() override { testCore(); } }; BEAST_DEFINE_TESTSUITE_PRIO(AMM, app, ripple, 1); } // namespace test } // namespace ripple