Rust
Pinocchio AMM

Pinocchio AMM

Deposit

The deposit instruction performs three main tasks:

  • Deposit the mint_x and mint_y token based on the amount of LP the user wants to mint.

  • Calculate the amount to deposit and check that the amount isn't greater than max_x and max_y designated by the user.

  • Mint the right amount of mint_lp in the user ata.

As mentioned in the initialize instruction section; we're going to initialize all the Associated Token Accounts outside of our instruction for optimization purposes.

Required Accounts

Below are the accounts required for this context:

  • user: The user that is depositing the token into the liquidity of the Amm. Must be a signer.

  • mint_lp: The Mint account that will represent the pool’s liquidity. Must be passed as mutable.

  • vault_x: The token account that holds all of token X deposited into the pool. Must be passed as mutable.

  • vault_y: The token account that holds all of token Y deposited into the pool. Must be passed as mutable.

  • user_x_ata: The user's associated token account for token X. This is the source account from which the user's token X will be transferred into the pool. Must be passed as mutable.

  • user_y_ata: The user's associated token account for token Y. This is the source account from which the user's token Y will be transferred into the pool. Must be passed as mutable.

  • user_lp_ata: The user's associated token account for LP tokens. This is the destination account where LP tokens will be minted. Must be passed as mutable.

  • config: The configuration account for the AMM pool. Stores all relevant pool parameters and state.

  • token program: The SPL Token program account. This is required to perform token operations such as transfers and minting. Must be executable.

Here, again, I’ll leave the implementation to you:

rust
pub struct DepositAccounts<'a> {
    pub user: &'a AccountInfo,
    pub mint_lp: &'a AccountInfo,
    pub vault_x: &'a AccountInfo,
    pub vault_y: &'a AccountInfo,
    pub user_x_ata: &'a AccountInfo,
    pub user_y_ata: &'a AccountInfo,
    pub user_lp_ata: &'a AccountInfo,
    pub config: &'a AccountInfo,
    pub token_program: &'a AccountInfo,
}

impl<'a> TryFrom<&'a [AccountInfo]> for DepositAccounts<'a> {
  type Error = ProgramError;

  fn try_from(accounts: &'a [AccountInfo]) -> Result<Self, Self::Error> {
    //..
  }
}
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Instruction Data

Here's the instruction data we need to pass in:

  • amount: The amount of LP token that the user wishes to receive. Must be a [u64]

  • max_x: The max amount of token X that the user is willing to deposit. Must be a [u64]

  • max_y: The max amount of token Y that the user is willing to deposit. Must be a [u64]

  • expiration: The expiration of this order. Important to make sure that the transaction has to be played in a certain amount of time. Must be a [i64]

We're going to handle the implementation for the DepositInstructionData same as initialization. So I’ll leave the implementation to you:

rust
pub struct DepositInstructionData {
    pub amount: u64,
    pub max_x: u64,
    pub max_y: u64,
    pub expiration: i64,
}

impl<'a> TryFrom<&'a [u8]> for DepositInstructionData {
    type Error = ProgramError;

    fn try_from(data: &'a [u8]) -> Result<Self, Self::Error> {
        //..
    }
}

Make sure that any of the amount, like amount, max_y and max_x are greater than zero and that the order has not expired yet using the Clock sysvar.

Instruction Logic

We begin by deserializing both the instruction_data and the accounts.

We then need to:

  • Load the Config account to grab all the data inside of it. We can do so using the Config::load() helper.

  • Verify that the AmmState is valid (so if it's equal to AmmState::Initialized)

  • Check the derivation of vault_x and vault_y to be Associated Token Accounts like this:

rust
// Check if the vault_x is valid
let (vault_x, _) = find_program_address(
    &[
        self.accounts.config.key(),
        self.accounts.token_program.key(),
        config.mint_x(),
    ],
    &pinocchio_associated_token_account::ID,
);

if vault_x.ne(self.accounts.vault_x.key()) {
    return Err(ProgramError::InvalidAccountData);
}
  • Deserialize all the token accounts involved and use the data inside of them to calculate the amount to deposits using the constant-product-curve crate and checking for slippage like this:

rust
// Deserialize the token accounts
let mint_lp = unsafe { Mint::from_account_info_unchecked(self.accounts.mint_lp)? };
let vault_x = unsafe { TokenAccount::from_account_info_unchecked(self.accounts.vault_x)? };
let vault_y = unsafe { TokenAccount::from_account_info_unchecked(self.accounts.vault_y)? };

// Grab the amounts to deposit
let (x, y) = match mint_lp.supply() == 0 && vault_x.amount() == 0 && vault_y.amount() == 0 {
    true => (self.instruction_data.max_x, self.instruction_data.max_y),
    false => {
        let amounts = ConstantProduct::xy_deposit_amounts_from_l(
            vault_x.amount(),
            vault_y.amount(),
            mint_lp.supply(),
            self.instruction_data.amount,
            6,
        )
        .map_err(|_| ProgramError::InvalidArgument)?;

        (amounts.x, amounts.y)
    }
};

// Check for slippage
if !(x <= self.instruction_data.max_x && y <= self.instruction_data.max_y) {
    return Err(ProgramError::InvalidArgument);
}
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If it's the first deposit, we can skip the calculation of LP tokens and deposits and just go with the value that the user suggest

  • Transfer the amounts from the token accounts of the user to the vaults and mint the appropriate amount of LP tokens to the user token account.

Thanks to the p-token upgrade, we can batch the token transfers and LP tokens minting in one CPI, instead of doing three separate CPI calls.

rust
use pinocchio_token::instructions::{Batch, BatchState, MintTo, Transfer};

/// The number of accounts for the batch instruction.
const MAX_ACCOUNTS_LEN: usize =
    Transfer::MAX_ACCOUNTS_LEN * 2
    + MintTo::MAX_ACCOUNTS_LEN;

/// The length of the instruction data for the batch instruction.
const MAX_DATA_LEN: usize = Batch::header_data_len(3)
    + Transfer::DATA_LEN * 2
    + MintTo::DATA_LEN;

// ...

let mut batch_state = BatchState::new(MAX_ACCOUNTS_LEN, MAX_DATA_LEN);
let mut batch = batch_state.as_batch()?;

Transfer::new(
    self.accounts.user_x_ata,
    self.accounts.vault_x,
    self.accounts.user,
    x,
)
.into_batch(&mut batch)?;

Transfer::new(
    self.accounts.user_y_ata,
    self.accounts.vault_y,
    self.accounts.user,
    y,
)
.into_batch(&mut batch)?;

MintTo::new(
    self.accounts.mint_lp,
    self.accounts.user_lp_ata,
    self.accounts.config,
    self.instruction_data.amount,
)
.into_batch(&mut batch)?;

batch.invoke_signed(&[signer])?;
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Make sure pinocchio-token is at least version 0.6.0 to support p-token batch operations.

You should be proficient enough to do the rest on your own, so I'll leave the implementation to you:

rust
pub struct Deposit<'a> {
    pub accounts: DepositAccounts<'a>,
    pub instruction_data: DepositInstructionData,
}

impl<'a> TryFrom<(&'a [u8], &'a [AccountInfo])> for Deposit<'a> {
    type Error = ProgramError;

    fn try_from((data, accounts): (&'a [u8], &'a [AccountInfo])) -> Result<Self, Self::Error> {
        let accounts = DepositAccounts::try_from(accounts)?;
        let instruction_data = DepositInstructionData::try_from(data)?;

        // Return the initialized struct
        Ok(Self {
            accounts,
            instruction_data,
        })
    }
}

impl<'a> Deposit<'a> {
    pub const DISCRIMINATOR: &'a u8 = &1;

    pub fn process(&mut self) -> ProgramResult {
      //..

      Ok(())
    }
}
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