Admin Controls
Overview¶
The following are methods that may only be called by the pool admin (owner
).
Additionally, some admin methods require a two-phase transaction process, whereby changes are committed in a first transaction and after a forced delay applied via a second transaction. The minimum delay after which a committed action can be applied is given by the constant pool attribute admin_actions_delay
, which is set to 3 days.
Pool Ownership Methods¶
StableSwap.commit_transfer_ownership
¶
StableSwap.commit_transfer_ownership(_owner: address)
Initiate an ownership transfer of pool to _owner
.
Input | Type | Description |
---|---|---|
_owner | address | Future owner of the pool contract |
Emits: CommitNewAdmin
Source code
ADMIN_ACTIONS_DELAY: constant(uint256) = 3 * 86400
...
@external
def commit_transfer_ownership(_owner: address):
assert msg.sender == self.owner # dev: only owner
assert self.transfer_ownership_deadline == 0 # dev: active transfer
_deadline: uint256 = block.timestamp + ADMIN_ACTIONS_DELAY
self.transfer_ownership_deadline = _deadline
self.future_owner = _owner
log CommitNewAdmin(_deadline, _owner)
Note
The ownership can not be transferred before transfer_ownership_deadline
, which is the timestamp of the current block delayed by ADMIN_ACTIONS_DELAY
.
StableSwap.apply_transfer_ownership
¶
StableSwap.apply_transfer_ownership()
Transfers ownership of the pool from current owner to the owner previously set via commit_transfer_ownership
.
Emits: NewAdmin
Source code
@external
def apply_transfer_ownership():
assert msg.sender == self.owner # dev: only owner
assert block.timestamp >= self.transfer_ownership_deadline # dev: insufficient time
assert self.transfer_ownership_deadline != 0 # dev: no active transfer
self.transfer_ownership_deadline = 0
_owner: address = self.future_owner
self.owner = _owner
log NewAdmin(_owner)
Warning
Pool ownership can only be transferred once.
StableSwap.revert_transfer_ownership()
¶
StableSwap.revert_transfer_ownership()
Reverts any previously committed transfer of ownership. This method resets the transfer_ownership_deadline
to 0
.
Source code
Amplification Coefficient Admin Controls¶
The amplification coefficient A
determines a pool’s tolerance for imbalance between the assets within it. A higher value means that trades will incur slippage sooner as the assets within the pool become imbalanced.
Note
Within the pools, A
is in fact implemented as 1 / A
and therefore a higher value implies that the pool will be more tolerant to slippage when imbalanced.
The appropriate value for A is dependent upon the type of coin being used within the pool, and is subject to optimisation and pool-parameter update based on the market history of the trading pair. It is possible to modify the amplification coefficient for a pool after it has been deployed. However, it requires a vote within the Curve DAO and must reach a 15% quorum.
StableSwap.ramp_A
¶
StableSwap.ramp_A(_future_A: uint256, _future_time: uint256)
Ramp A
up or down by setting a new A
to take effect at a future point in time.
Input | Type | Description |
---|---|---|
_future_A | uint256 | New future value of A |
_future_time | uint256 | Timestamp at which new A should take effect |
Emits: RampA
Source code
MIN_RAMP_TIME: constant(uint256) = 86400
MAX_A_CHANGE: constant(uint256) = 10
MAX_A: constant(uint256) = 10 ** 6
...
@external
def ramp_A(_future_A: uint256, _future_time: uint256):
assert msg.sender == self.owner # dev: only owner
assert block.timestamp >= self.initial_A_time + MIN_RAMP_TIME
assert _future_time >= block.timestamp + MIN_RAMP_TIME # dev: insufficient time
_initial_A: uint256 = self._A()
_future_A_p: uint256 = _future_A * A_PRECISION
assert _future_A > 0 and _future_A < MAX_A
if _future_A_p < _initial_A:
assert _future_A_p * MAX_A_CHANGE >= _initial_A
else:
assert _future_A_p <= _initial_A * MAX_A_CHANGE
self.initial_A = _initial_A
self.future_A = _future_A_p
self.initial_A_time = block.timestamp
self.future_A_time = _future_time
log RampA(_initial_A, _future_A_p, block.timestamp, _future_time)
StableSwap.stop_ramp_A
¶
StableSwap.stop_ramp_A()
Stop ramping A
up or down and sets A
to current A
.
Emits: StopRampA
Source code
@external
def stop_ramp_A():
assert msg.sender == self.owner # dev: only owner
current_A: uint256 = self._A()
self.initial_A = current_A
self.future_A = current_A
self.initial_A_time = block.timestamp
self.future_A_time = block.timestamp
# now (block.timestamp < t1) is always False, so we return saved A
log StopRampA(current_A, block.timestamp)
Swap Fees Admin Controls¶
todo: hyperlink to fee collection and distribution Curve pools charge fees on token swaps, where the fee may differ between pools. An admin fee is charged on the pool fee. For an overview of how fees are distributed, please refer to Fee Collection and Distribution.
StableSwap.commit_new_fee
¶
StableSwap.commit_new_fee(_new_fee: uint256, _new_admin_fee: uint256)
The method commits new fee params: these fees do not take immediate effect.
Input | Type | Description |
---|---|---|
_new_fee | uint256 | New pool fee |
_new_admin_fee | uint256 | New admin fee (expressed as a percentage of the pool fee) |
Emits: CommitNewFee
Source code
MAX_ADMIN_FEE: constant(uint256) = 10 * 10 ** 9
MAX_FEE: constant(uint256) = 5 * 10 ** 9
ADMIN_ACTIONS_DELAY: constant(uint256) = 3 * 86400
@external
def commit_new_fee(new_fee: uint256, new_admin_fee: uint256):
assert msg.sender == self.owner # dev: only owner
assert self.admin_actions_deadline == 0 # dev: active action
assert new_fee <= MAX_FEE # dev: fee exceeds maximum
assert new_admin_fee <= MAX_ADMIN_FEE # dev: admin fee exceeds maximum
_deadline: uint256 = block.timestamp + ADMIN_ACTIONS_DELAY
self.admin_actions_deadline = _deadline
self.future_fee = new_fee
self.future_admin_fee = new_admin_fee
log CommitNewFee(_deadline, new_fee, new_admin_fee)
Note
Both the pool fee
and the admin_fee
are capped by the constants MAX_FEE
and MAX_ADMIN_FEE
, respectively. By default MAX_FEE
is set at 50% and MAX_ADMIN_FEE
at 100% (which is charged on the MAX_FEE
amount).
StableSwap.apply_new_fee
¶
StableSwap.apply_new_fee()
Apply the previously committed new pool and admin fees for the pool.
Emits: NewFee
Source code
@external
def apply_new_fee():
assert msg.sender == self.owner # dev: only owner
assert block.timestamp >= self.admin_actions_deadline # dev: insufficient time
assert self.admin_actions_deadline != 0 # dev: no active action
self.admin_actions_deadline = 0
_fee: uint256 = self.future_fee
_admin_fee: uint256 = self.future_admin_fee
self.fee = _fee
self.admin_fee = _admin_fee
log NewFee(_fee, _admin_fee)
Note
Unlike ownership transfers, pool and admin fees may be set more than once.
StableSwap.revert_new_parameters
¶
StableSwap.revert_new_parameters()
Resets any previously committed new fees.
Source code
StableSwap.admin_balances
¶
StableSwap.admin_balances(i: uint256) → uint256
Get the admin balance for a single coin in the pool.
Input | Type | Description |
---|---|---|
i | uint256 | Index of the coin to get admin balance for |
Source code
StableSwap.withdraw_admin_fees
¶
StableSwap.withdraw_admin_fees()
Withdraws and transfers admin fees of the pool to the pool owner.
StableSwap.donate_admin_fees
¶
StableSwap.donate_admin_fees()
Donate all admin fees to the pool’s liquidity providers.
Source code
Note
Older Curve pools do not implement this method.
Kill a Pool¶
StableSwap.kill_me
¶
StableSwap.kill_me()
Pause a pool by setting the is_killed
boolean flag to True
.
This disables the following pool functionality:
- add_liquidity
- exchange
- remove_liquidity_imbalance
- remove_liquidity_one_coin
It is only possible for existing LPs to remove liquidity via remove_liquidity
from a paused pool.
Source code
@external
@nonreentrant('lock')
def add_liquidity(amounts: uint256[N_COINS], min_mint_amount: uint256) -> uint256:
"""
@notice Deposit coins into the pool
@param amounts List of amounts of coins to deposit
@param min_mint_amount Minimum amount of LP tokens to mint from the deposit
@return Amount of LP tokens received by depositing
"""
assert not self.is_killed # dev: is killed
...
@external
@nonreentrant('lock')
def exchange(i: int128, j: int128, dx: uint256, min_dy: uint256) -> uint256:
"""
@notice Perform an exchange between two coins
@dev Index values can be found via the `coins` public getter method
@param i Index value for the coin to send
@param j Index valie of the coin to recieve
@param dx Amount of `i` being exchanged
@param min_dy Minimum amount of `j` to receive
@return Actual amount of `j` received
"""
assert not self.is_killed # dev: is killed
...
@external
@nonreentrant('lock')
def remove_liquidity_imbalance(amounts: uint256[N_COINS], max_burn_amount: uint256) -> uint256:
"""
@notice Withdraw coins from the pool in an imbalanced amount
@param amounts List of amounts of underlying coins to withdraw
@param max_burn_amount Maximum amount of LP token to burn in the withdrawal
@return Actual amount of the LP token burned in the withdrawal
"""
assert not self.is_killed # dev: is killed
...
@external
@nonreentrant('lock')
def remove_liquidity_one_coin(_token_amount: uint256, i: int128, _min_amount: uint256) -> uint256:
"""
@notice Withdraw a single coin from the pool
@param _token_amount Amount of LP tokens to burn in the withdrawal
@param i Index value of the coin to withdraw
@param _min_amount Minimum amount of coin to receive
@return Amount of coin received
"""
assert not self.is_killed # dev: is killed
...
@external
def kill_me():
assert msg.sender == self.owner # dev: only owner
assert self.kill_deadline > block.timestamp # dev: deadline has passed
self.is_killed = True
Note
Pools can only be killed within the first 30 days after deployment.