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auction: process triggers/execute DAs #4254

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Apr 25, 2024
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688b899
proto: extend `StateReadProto` to work on NV storage
erwanor Apr 22, 2024
a6a4cdb
num: implement `Amount::checked_mul`
erwanor Apr 22, 2024
1554e06
dex(lp): add `Position::new_with_nonce`
erwanor Apr 22, 2024
f7e5cd0
auction: implement `component::TriggerData` util
erwanor Apr 22, 2024
afd68fb
auction(schedule): extra validation of description
erwanor Apr 22, 2024
0f192a9
auction(component): first pass at dutch pricing logic
erwanor Apr 22, 2024
63f3572
auction: move old trigger height tests to `trigger_data`
erwanor Apr 22, 2024
730ac76
auction: impl `execute_dutch_auction`
erwanor Apr 22, 2024
9bac1f4
auction: handle DA triggers
erwanor Apr 22, 2024
f981a24
auction: connect component to `HandleDutchTriggers`
erwanor Apr 22, 2024
1d66fb7
auction: add missed import
erwanor Apr 22, 2024
4e2728f
auction: prototype tough nonce for positions
erwanor Apr 22, 2024
c6aaba9
auction: add comment to tough nonce prototype
erwanor Apr 22, 2024
eed3007
auction: clean up price param interpolation
erwanor Apr 23, 2024
fe2ec1e
auction: pluralize `process_trigger`
erwanor Apr 23, 2024
13f9ee7
auction: extra validation that input/output is `< 2^52`
erwanor Apr 23, 2024
cf7d54d
auction: look ahead for duplicate ids
erwanor Apr 23, 2024
e3f527c
auction: `take` input reserves to LP and zero out original state
erwanor Apr 23, 2024
6a61f5d
auction: pluralize `process_triggerS`
erwanor Apr 23, 2024
9bf7aef
auction(trigger_data): no checked operations in `compute_next..`
erwanor Apr 23, 2024
158374f
auction: process DA inclusive of `step_count`
erwanor Apr 23, 2024
203abe0
auction: restructure PCLP into `allocate_position`
erwanor Apr 23, 2024
80cc28b
auction(trigger_data): use satsub to compute delta from start
erwanor Apr 23, 2024
e79a10d
auction: interpolate with `(0, step_count - 1)`
erwanor Apr 23, 2024
6f3987a
auction: retire auction at `step_count`
erwanor Apr 23, 2024
6377bb2
auction: terminate early if input reserve is exhausted
erwanor Apr 23, 2024
a1ce6d6
auction: remove vestigial position call and todo
erwanor Apr 23, 2024
5ad6223
auction: ensure that `step_count > 1` in AH
erwanor Apr 23, 2024
c8b6af4
auction: add comment to MAX_AUCTION_AMOUNT_RESERVES`
erwanor Apr 23, 2024
bc2baed
auction: switch to `NonZeroU64` for trigger slot
erwanor Apr 23, 2024
a366ec5
auction: fold balance cumsum into reserve assignment
erwanor Apr 23, 2024
d85c02f
auction: add note about autoclose
erwanor Apr 25, 2024
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Original file line number Diff line number Diff line change
Expand Up @@ -5,6 +5,8 @@ use penumbra_proto::{core::component::auction::v1alpha1 as pb, DomainType};
use penumbra_txhash::{EffectHash, EffectingData};
use serde::{Deserialize, Serialize};

pub const MAX_AUCTION_AMOUNT_RESERVES: u128 = (1 << 52) - 1;
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#[derive(Debug, Clone, Serialize, Deserialize)]
#[serde(
try_from = "pb::ActionDutchAuctionSchedule",
Expand Down
Original file line number Diff line number Diff line change
@@ -1,9 +1,11 @@
use crate::auction::dutch::actions::schedule::MAX_AUCTION_AMOUNT_RESERVES;
use crate::auction::dutch::DutchAuctionDescription;
use crate::component::AuctionStoreRead;
use anyhow::{ensure, Result};
use async_trait::async_trait;
use cnidarium::StateWrite;
use cnidarium_component::ActionHandler;
use penumbra_num::Amount;
use penumbra_sct::component::clock::EpochRead;

use crate::auction::dutch::ActionDutchAuctionSchedule;
Expand All @@ -24,9 +26,21 @@ impl ActionHandler for ActionDutchAuctionSchedule {
nonce: _,
} = self.description;

// Fail fast if the step count is zero
// Fail fast if the input is zero.
ensure!(
input.amount > Amount::zero(),
"input amount MUST be positive (got zero)"
);

// Fail fast if the step count is zero.
ensure!(step_count > 0, "step count MUST be positive (got zero)");

// Check that the input amount is less than 52 bits wide.
ensure!(
input.amount <= MAX_AUCTION_AMOUNT_RESERVES.into(),
"input amount MUST be less than 52 bits wide"
);

// Check that we disallow identical input/output ids.
ensure!(
input.asset_id != output_id,
Expand All @@ -42,6 +56,21 @@ impl ActionHandler for ActionDutchAuctionSchedule {
// Check that the max output is greater than zero.
ensure!(max_output > 0u128.into(), "max output MUST be positive");

// Check that the max output is less than 52 bits wide.
ensure!(
max_output <= MAX_AUCTION_AMOUNT_RESERVES.into(),
"max output amount MUST be less than 52 bits wide"
);

// Check that the min output is greater than zero.
ensure!(min_output > 0u128.into(), "min output MUST be positive");

// Check that the min output is less than 52 bits wide.
ensure!(
min_output <= MAX_AUCTION_AMOUNT_RESERVES.into(),
"min output amount MUST be less than 52 bits wide"
);

// Check that the start and end height are valid.
ensure!(
start_height < end_height,
Expand All @@ -50,16 +79,17 @@ impl ActionHandler for ActionDutchAuctionSchedule {
end_height
);

// Check that the step count is positive.
// Check that the step count is at least 2. This is important
// because DA price interpolation assumes that `step_count-1` is positive.
ensure!(
step_count > 0,
"step count MUST be greater than zero (got: {step_count})"
step_count >= 2,
"step count MUST be at least two (got: {step_count})"
);

// Check that the step count is less than 1000.
// Check that the step count is less than 255.
ensure!(
step_count <= 1000,
"the dutch auction step count MUST be less than 1000 (got: {step_count})",
step_count <= 255,
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"the dutch auction step count MUST be less than 255 (got: {step_count})",
);

// Check that height delta is a multiple of `step_count`.
Expand Down
9 changes: 6 additions & 3 deletions crates/core/component/auction/src/component/auction.rs
Original file line number Diff line number Diff line change
@@ -1,3 +1,4 @@
use crate::component::dutch_auction::HandleDutchTriggers;
use anyhow::Result;
use async_trait::async_trait;
use cnidarium::{StateRead, StateWrite};
Expand Down Expand Up @@ -27,11 +28,13 @@ impl Component for Auction {
) {
}

#[instrument(name = "auction", skip(_state, _end_block))]
#[instrument(name = "auction", skip(state, end_block))]
async fn end_block<S: StateWrite + 'static>(
_state: &mut Arc<S>,
_end_block: &abci::request::EndBlock,
state: &mut Arc<S>,
end_block: &abci::request::EndBlock,
) {
let state: &mut S = Arc::get_mut(state).expect("state should be unique");
let _ = state.process_triggers(end_block.height as u64).await;
}

#[instrument(name = "auction", skip(_state))]
Expand Down
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