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https://github.com/kelvin-1013/auto-maket-maker
https://github.com/kelvin-1013/auto-maket-maker
Last synced: about 4 hours ago
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- Host: GitHub
- URL: https://github.com/kelvin-1013/auto-maket-maker
- Owner: Kelvin-1013
- License: apache-2.0
- Created: 2024-08-09T20:58:01.000Z (3 months ago)
- Default Branch: master
- Last Pushed: 2024-08-09T21:16:53.000Z (3 months ago)
- Last Synced: 2024-08-20T01:14:30.985Z (3 months ago)
- Language: JavaScript
- Size: 291 KB
- Stars: 0
- Watchers: 1
- Forks: 0
- Open Issues: 0
-
Metadata Files:
- Readme: README.md
- License: LICENSE
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README
# Automated market makers
## Overview
Automated market makers smart contract
**This code has NOT been auditted, use on your own risk.**
## Software framework
read https://docs.solana.com/developing/programming-model/overview
## Design
### Role
1. Owner
2. User
### Business
1. Create
Owner creats amm pool, transfer two kinds of tokens when creating.
Then we have the fixed k, k value is the product of tokens' amount.
2. Swap
User transfers token into amm pool, for swapping another token.
Amounts of transfer is follow the formula below.
$$
(a-∆a)*(b+∆b)=k
$$
In fact, because of calculate resolution is limited, there will be a little error.
3. Terminate
Owner terminate the amm pool, withdrawal all tokens, and close all account.
4. fee
User transfers some extra token as fee, when swapping.
The fee mint and rate is configured by owner, when creating.
Owner could withdrawal fee any time.
Owner will withdrawal all fee when terminating.
## Install
1. install rustc v1.56.1, read https://www.rust-lang.org/tools/install
2. install solana cli v1.9.5, read https://docs.solana.com/cli/install-solana-cli-tools
3. confirm id.json file path
4. build
```bash
cargo build-bpf
```
5. confirm id.json file wallet has enough SOL.
6. deploy
```bash
solana program deploy target/deploy/amm.so
```
7. edit AmmProgramId which is in js/index.js
8. test
```bash
npm run test
```
## File
1. src/ smart contract code
2. js/ js code for calling smart contract
3. client/ client application
## Known Problem
1. When token amount is zero, or it would be zero, swap will fail.
2. Fee is calculated base on token amount, it might be error because of decimals.
3. There isn't a reasonable for checking swap calculation error.
## Plan
super swap
There is two amm pool, they has token a/b and b/c.
Then it could swap twice, swap a/c by using b as middle template.
## Useful commandd
```bash
export PATH="/home/ubuntu/.local/share/solana/install/active_release/bin:$PATH"
solana program deploy amm.so
```