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58 changes: 36 additions & 22 deletions programs/drift/src/instructions/lp_pool.rs
Original file line number Diff line number Diff line change
Expand Up @@ -2,7 +2,7 @@ use anchor_lang::{prelude::*, Accounts, Key, Result};
use anchor_spl::token_interface::{Mint, TokenAccount, TokenInterface};

use crate::ids::DLP_WHITELIST;
use crate::math::constants::PRICE_PRECISION_I64;
use crate::math::constants::{PERCENTAGE_PRECISION, PRICE_PRECISION_I64};
use crate::{
controller::{
self,
Expand All @@ -15,7 +15,7 @@ use crate::{
math::{
self,
casting::Cast,
constants::{PERCENTAGE_PRECISION_I64, PRICE_PRECISION},
constants::PERCENTAGE_PRECISION_I64,
oracle::{is_oracle_valid_for_action, oracle_validity, DriftAction, LogMode},
safe_math::SafeMath,
},
Expand Down Expand Up @@ -626,6 +626,8 @@ pub fn handle_lp_pool_add_liquidity<'c: 'info, 'info>(
let state = &ctx.accounts.state;
let mut lp_pool = ctx.accounts.lp_pool.load_mut()?;

let lp_price_before = lp_pool.get_price(ctx.accounts.lp_mint.supply)?;

if slot.saturating_sub(lp_pool.last_aum_slot) > LP_POOL_SWAP_AUM_UPDATE_DELAY {
msg!(
"Must update LP pool AUM before swap, last_aum_slot: {}, current slot: {}",
Expand Down Expand Up @@ -776,15 +778,20 @@ pub fn handle_lp_pool_add_liquidity<'c: 'info, 'info>(

in_constituent.sync_token_balance(ctx.accounts.constituent_in_token_account.amount);

let dlp_total_supply = ctx.accounts.lp_mint.supply;
let lp_price = if dlp_total_supply > 0 {
lp_pool
.last_aum
.safe_mul(PRICE_PRECISION)?
.safe_div(dlp_total_supply as u128)?
} else {
0
};
ctx.accounts.lp_mint.reload()?;
let lp_price_after = lp_pool.get_price(ctx.accounts.lp_mint.supply)?;
if lp_price_before != 0 {
let price_diff_percent = lp_price_after
.abs_diff(lp_price_before)
.safe_mul(PERCENTAGE_PRECISION)?
.safe_div(lp_price_before)?;

validate!(
price_diff_percent <= PERCENTAGE_PRECISION / 5,
ErrorCode::LpInvariantFailed,
"Removing liquidity resulted in DLP token difference of > 5%"
)?;
}

let mint_redeem_id = get_then_update_id!(lp_pool, next_mint_redeem_id);
emit_stack::<_, { LPMintRedeemRecord::SIZE }>(LPMintRedeemRecord {
Expand All @@ -800,7 +807,7 @@ pub fn handle_lp_pool_add_liquidity<'c: 'info, 'info>(
mint: in_constituent.mint,
lp_amount,
lp_fee: lp_fee_amount,
lp_price,
lp_price: lp_price_after,
mint_redeem_id,
last_aum: lp_pool.last_aum,
last_aum_slot: lp_pool.last_aum_slot,
Expand Down Expand Up @@ -923,6 +930,8 @@ pub fn handle_lp_pool_remove_liquidity<'c: 'info, 'info>(
let state = &ctx.accounts.state;
let mut lp_pool = ctx.accounts.lp_pool.load_mut()?;

let lp_price_before = lp_pool.get_price(ctx.accounts.lp_mint.supply)?;

// Verify previous settle
let amm_cache: AccountZeroCopy<'_, CacheInfo, _> = ctx.accounts.amm_cache.load_zc()?;
for (i, _) in amm_cache.iter().enumerate() {
Expand Down Expand Up @@ -1088,15 +1097,20 @@ pub fn handle_lp_pool_remove_liquidity<'c: 'info, 'info>(

out_constituent.sync_token_balance(ctx.accounts.constituent_out_token_account.amount);

let dlp_total_supply = ctx.accounts.lp_mint.supply;
let lp_price = if dlp_total_supply > 0 {
lp_pool
.last_aum
.safe_mul(PRICE_PRECISION)?
.safe_div(dlp_total_supply as u128)?
} else {
0
};
ctx.accounts.lp_mint.reload()?;
let lp_price_after = lp_pool.get_price(ctx.accounts.lp_mint.supply)?;

if lp_price_after != 0 {
let price_diff_percent = lp_price_after
.abs_diff(lp_price_before)
.safe_mul(PERCENTAGE_PRECISION)?
.safe_div(lp_price_before)?;
validate!(
price_diff_percent <= PERCENTAGE_PRECISION / 5,
ErrorCode::LpInvariantFailed,
"Removing liquidity resulted in DLP token difference of > 5%"
)?;
}

let mint_redeem_id = get_then_update_id!(lp_pool, next_mint_redeem_id);
emit_stack::<_, { LPMintRedeemRecord::SIZE }>(LPMintRedeemRecord {
Expand All @@ -1112,7 +1126,7 @@ pub fn handle_lp_pool_remove_liquidity<'c: 'info, 'info>(
mint: out_constituent.mint,
lp_amount: lp_burn_amount,
lp_fee: lp_fee_amount,
lp_price,
lp_price: lp_price_after,
mint_redeem_id,
last_aum: lp_pool.last_aum,
last_aum_slot: lp_pool.last_aum_slot,
Expand Down
14 changes: 7 additions & 7 deletions programs/drift/src/state/lp_pool.rs
Original file line number Diff line number Diff line change
Expand Up @@ -4,15 +4,14 @@ use crate::error::{DriftResult, ErrorCode};
use crate::math::casting::Cast;
use crate::math::constants::{
BASE_PRECISION_I128, PERCENTAGE_PRECISION, PERCENTAGE_PRECISION_I128, PERCENTAGE_PRECISION_I64,
PERCENTAGE_PRECISION_U64, PRICE_PRECISION_I128, QUOTE_PRECISION_I128,
PERCENTAGE_PRECISION_U64, PRICE_PRECISION, PRICE_PRECISION_I128, QUOTE_PRECISION_I128,
};
use crate::math::safe_math::SafeMath;
use crate::math::spot_balance::get_token_amount;
use crate::state::constituent_map::ConstituentMap;
use crate::state::perp_market::{AmmCacheFixed, CacheInfo};
use crate::state::spot_market_map::SpotMarketMap;
use anchor_lang::prelude::*;
use anchor_spl::token::Mint;
use borsh::{BorshDeserialize, BorshSerialize};

use super::oracle::OraclePriceData;
Expand Down Expand Up @@ -119,14 +118,15 @@ impl Size for LPPool {
}

impl LPPool {
pub fn get_price(&self, mint: &Mint) -> Result<u128> {
match mint.supply {
pub fn get_price(&self, mint_supply: u64) -> Result<u128> {
match mint_supply {
0 => Ok(0),
supply => {
// TODO: assuming mint decimals = quote decimals = 6
(supply as u128)
.checked_div(self.last_aum)
.ok_or(ErrorCode::MathError.into())
Ok(self
.last_aum
.safe_mul(PRICE_PRECISION)?
.safe_div(supply as u128)?)
}
}
}
Expand Down