https://github.com/robertleifke/quadruple
Quadruples the returns of any token.
https://github.com/robertleifke/quadruple
Last synced: about 2 months ago
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Quadruples the returns of any token.
- Host: GitHub
- URL: https://github.com/robertleifke/quadruple
- Owner: robertleifke
- License: mit
- Created: 2025-01-12T22:06:16.000Z (5 months ago)
- Default Branch: main
- Last Pushed: 2025-01-12T23:40:07.000Z (5 months ago)
- Last Synced: 2025-02-10T21:49:50.636Z (4 months ago)
- Language: Solidity
- Homepage:
- Size: 884 KB
- Stars: 2
- Watchers: 2
- Forks: 0
- Open Issues: 0
-
Metadata Files:
- Readme: README.md
- License: LICENSE
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README
# Quadruple 🐂
A bull call spread strategy built as a [Uniswap V4](https://github.com/uniswap/v4-core/) hook that that **quadruples** the returns of any ERC-20 token.
## Overview
Here’s a simple example of a bull call spread position:
- **Underlying:** ETH at $1400 USDC
- **Expiration:** March 1st, 2025
- **Strike Prices:**
- Long Call (Lower Tick) = $1400 strike (buy)
- Short Call (Upper Tick) = $1500 strike (sell)
- **Premiums:**
- Long Call (Borrow LP) = $80 (pays)
- Short Call (Provide LP) = $60 (recieves)
- **Number of Contracts:** 1 contract (e.g. 1 ETH)
- **Net Debit (Cost):** $80 - $60 = $20
If ETH goes above $1500, the long call will be exercised and the short call will be bought back so you make $80 dollars with only $20 in upfront cost, hence a 4x return. In this scenario gains are capped at $1500 and if ETH goes below $1400 you lose $20.
### Chart
Payoff ($)
^
+80 | ●───────────── (Flat at +80 beyond $1500)
| /|
+60 | / |
| / |
+40 | / |
| / |
+20 | / |
| / |
0 | / |
| / |
-20 ●───────── |
+------------------+-----------------> ETH Price at Expiration
1400 1500
● = strike levels
## Usage
```bash
$ forge build
```
### Gas
Get a gas report:
```sh
$ forge test --gas-report
```
| Quadruple.sol | |
|-----------------------|---------------|
| Deployment Cost | Deployment Size |
| 900917 | 3996 |
| Function Name | min | avg | median | max | # calls |
| beforeSwap() | 387 | 6578 | 395 | 20406 | 5 |
| afterSwap() | 387 | 6578 | 395 | 20406 | 5 |
| beforeAddLiquidity() | 387 | 6578 | 395 | 20406 | 5 |
| afterAddLiquidity() | 387 | 6578 | 395 | 20406 | 5 |
| beforeRemoveLiquidity() | 387 | 6578 | 395 | 20406 | 5 |
| afterRemoveLiquidity() | 387 | 6578 | 395 | 20406 | 5 |
### Lint
Lint the contracts:
```sh
$ bun run lint
```
### Test
Run the tests:
```sh
$ forge test
```
Generate test coverage and output result to the terminal:
```sh
$ bun run test:coverage
```
Generate test coverage with lcov report (you'll have to open the `./coverage/index.html` file in your browser, to do so
simply copy paste the path):
```sh
$ bun run test:coverage:report
```
## License
This project is licensed under MIT.