Skip to main content

plain-pools

The simplest Curve pool is a plain pool, which is an implementation of the Stableswap invariant for two or more tokens. The key characteristic of a plain pool is that the pool contract holds all deposited assets at alltimes.

An example of a Curve plain pool is 3Pool, which contains the tokens DAI, USDC and USDT.

note

The API of plain pools is also implemented by lending and metapools.

The following Brownie console interaction examples are using EURS Pool. The template source code for plain pools may be viewed on GitHub.

Pool Info Methods

coins

StableSwap.coins(i: uint256) → address: view

Getter for the array of swappable coins within the pool.

Returns: coin address (address) for coin index i.

InputTypeDescription
iuint256Coin index
<>Source code
coins: public(address[N_COINS])

...

@external
def __init__(
_owner: address,
_coins: address[N_COINS],
_pool_token: address,
_A: uint256,
_fee: uint256,
_admin_fee: uint256
):
"""
@notice Contract constructor
@param _owner Contract owner address
@param _coins Addresses of ERC20 contracts of coins
@param _pool_token Address of the token representing LP share
@param _A Amplification coefficient multiplied by n * (n - 1)
@param _fee Fee to charge for exchanges
@param _admin_fee Admin fee
"""
for i in range(N_COINS):
assert _coins[i] != ZERO_ADDRESS
self.coins = _coins
self.initial_A = _A * A_PRECISION
self.future_A = _A * A_PRECISION
self.fee = _fee
self.admin_fee = _admin_fee
self.owner = _owner
self.kill_deadline = block.timestamp + KILL_DEADLINE_DT
self.lp_token = _pool_token
Example
>>> pool.coin(0)
'0xdB25f211AB05b1c97D595516F45794528a807ad8'

balances

StableSwap.balances(i: uint256) → uint256: view

Getter for the pool balances array.

Returns: Balance of coin (uint256) at index i.

InputTypeDescription
iuint256Coin index
Example
>>> pool.balances(0)
2918187395

owner

StableSwap.owner() → address: view

Getter for the admin/owner of the pool contract.

Returns: address of the admin of the pool contract.

<>Source code
owner: public(address)

...

@external
def __init__(
_owner: address,
_coins: address[N_COINS],
_pool_token: address,
_A: uint256,
_fee: uint256,
_admin_fee: uint256
):
"""
@notice Contract constructor
@param _owner Contract owner address
@param _coins Addresses of ERC20 contracts of coins
@param _pool_token Address of the token representing LP share
@param _A Amplification coefficient multiplied by n * (n - 1)
@param _fee Fee to charge for exchanges
@param _admin_fee Admin fee
"""
for i in range(N_COINS):
assert _coins[i] != ZERO_ADDRESS
self.coins = _coins
self.initial_A = _A * A_PRECISION
self.future_A = _A * A_PRECISION
self.fee = _fee
self.admin_fee = _admin_fee
self.owner = _owner
self.kill_deadline = block.timestamp + KILL_DEADLINE_DT
self.lp_token = _pool_token
Example
>>> pool.owner()
'0xeCb456EA5365865EbAb8a2661B0c503410e9B347'

lp_token

StableSwap.lp_token() → address: view

Getter for the LP token of the pool.

Returns: address of the lp_token.

Example
>>> pool.lp_token()
'0x194eBd173F6cDacE046C53eACcE9B953F28411d1'
note

In older Curve pools lp_token may not be public and thus not visible.

A (Amplification factor)

StableSwap.A() → uint256: view

Getter for the amplification coefficient of the pool.

<>Source code
A_PRECISION: constant(uint256) = 100

...

@view
@external
def A() -> uint256:
return self._A() / A_PRECISION
Example
>>> pool.A()
100
note

The amplification coefficient is scaled by A_PRECISION (=100)

A_precise

StableSwap.A_precise() → uint256: view

Getter for the unscaled amplification coefficient of the pool.

<>Source code
@view
@external
def A_precise() -> uint256:
return self._A()
Example
>>> pool.A()
10000

get_virtual_price

StableSwap.get_virtual_price() → uint256: view

Current virtual price of the pool LP token relative to the underlying pool assets.

<>Source code
@view
@external
def get_virtual_price() -> uint256:
"""
@notice The current virtual price of the pool LP token
@dev Useful for calculating profits
@return LP token virtual price normalized to 1e18
"""
D: uint256 = self.get_D(self._xp(), self._A())
# D is in the units similar to DAI (e.g. converted to precision 1e18)
# When balanced, D = n * x_u - total virtual value of the portfolio
token_supply: uint256 = ERC20(self.lp_token).totalSupply()
return D * PRECISION / token_supply
Example
>>> pool.get_virtual_price()
1001692838188850782
note
  • The method returns virtual_price as an integer with 1e18 precision.
  • virtual_price returns a price relative to the underlying. You can get the absolute price by multiplying it with the price of the underlying assets.

fee

StableSwap.fee() → uint256: view

The pool swap fee.

<>Source code
fee: public(uint256)  # fee * 1e10

...

@external
def __init__(
_owner: address,
_coins: address[N_COINS],
_pool_token: address,
_A: uint256,
_fee: uint256,
_admin_fee: uint256
):
"""
@notice Contract constructor
@param _owner Contract owner address
@param _coins Addresses of ERC20 conracts of coins
@param _pool_token Address of the token representing LP share
@param _A Amplification coefficient multiplied by n * (n - 1)
@param _fee Fee to charge for exchanges
@param _admin_fee Admin fee
"""
for i in range(N_COINS):
assert _coins[i] != ZERO_ADDRESS
self.coins = _coins
self.initial_A = _A * A_PRECISION
self.future_A = _A * A_PRECISION
self.fee = _fee
self.admin_fee = _admin_fee
self.owner = _owner
self.kill_deadline = block.timestamp + KILL_DEADLINE_DT
self.lp_token = _pool_token
Example
>>> pool.fee()
4000000
note

The method returns fee as an integer with 1e10 precision.

admin_fee

StableSwap.admin_fee() → uint256: view

The percentage of the swap fee that is taken as an admin fee.

<>Source code
admin_fee: public(uint256)  # admin_fee * 1e10

...

@external
def __init__(
_owner: address,
_coins: address[N_COINS],
_pool_token: address,
_A: uint256,
_fee: uint256,
_admin_fee: uint256
):
"""
@notice Contract constructor
@param _owner Contract owner address
@param _coins Addresses of ERC20 conracts of coins
@param _pool_token Address of the token representing LP share
@param _A Amplification coefficient multiplied by n * (n - 1)
@param _fee Fee to charge for exchanges
@param _admin_fee Admin fee
"""
for i in range(N_COINS):
assert _coins[i] != ZERO_ADDRESS
self.coins = _coins
self.initial_A = _A * A_PRECISION
self.future_A = _A * A_PRECISION
self.fee = _fee
self.admin_fee = _admin_fee
self.owner = _owner
self.kill_deadline = block.timestamp + KILL_DEADLINE_DT
self.lp_token = _pool_token
Example
>>> pool.admin_fee()
5000000000
note
  • The method returns an integer with with 1e10 precision.
  • Admin fee is set at 50% (5000000000) and is paid out to veCRV holders.

Exchange Methods

get_dy

StableSwap.get_dy(i: int128, j: int128, _dx: uint256) → uint256: view

Get the amount of coin j one would receive for swapping dx of coin i.

InputTypeDescription
iuint128Index of coin to swap from
juint128Index of coin to swap to
dxuint256Amount of coin i to swap
<>Source code
@view
@external
def get_dy(i: int128, j: int128, dx: uint256) -> uint256:
xp: uint256[N_COINS] = self._xp()
rates: uint256[N_COINS] = RATES

x: uint256 = xp[i] + (dx * rates[i] / PRECISION)
y: uint256 = self.get_y(i, j, x, xp)
dy: uint256 = (xp[j] - y - 1)
_fee: uint256 = self.fee * dy / FEE_DENOMINATOR
return (dy - _fee) * PRECISION / rates[j]
Example
>>> pool.get_dy(0, 1, 100)
996307731416690125
note

Note: In this example, the EURS Pool coins decimals for coins(0) and coins(1) are 2 and 18, respectively.

exchange

StableSwap.exchange(i: int128, j: int128, dx: uint256, min_dy: uint256) → uint256

Perform an exchange between two coins.

InputTypeDescription
iuint128Index of coin to swap from
juint128Index of coin to swap to
dxuint256Amount of coin i to swap
min_dyuint256Minimum amount of j to receive

Returns the actual amount of coin j received. Index values can be found via the coins public getter method.

Emits: TokenExchange

<>Source code
@external
@nonreentrant('lock')
def exchange(i: int128, j: int128, dx: uint256, min_dy: uint256) -> uint256:
"""
@notice Perform an exchange between two coins
@dev Index values can be found via the `coins` public getter method
@param i Index value for the coin to send
@param j Index valie of the coin to recieve
@param dx Amount of `i` being exchanged
@param min_dy Minimum amount of `j` to receive
@return Actual amount of `j` received
"""
assert not self.is_killed # dev: is killed

old_balances: uint256[N_COINS] = self.balances
xp: uint256[N_COINS] = self._xp_mem(old_balances)

rates: uint256[N_COINS] = RATES
x: uint256 = xp[i] + dx * rates[i] / PRECISION
y: uint256 = self.get_y(i, j, x, xp)

dy: uint256 = xp[j] - y - 1 # -1 just in case there were some rounding errors
dy_fee: uint256 = dy * self.fee / FEE_DENOMINATOR

# Convert all to real units
dy = (dy - dy_fee) * PRECISION / rates[j]
assert dy >= min_dy, "Exchange resulted in fewer coins than expected"

dy_admin_fee: uint256 = dy_fee * self.admin_fee / FEE_DENOMINATOR
dy_admin_fee = dy_admin_fee * PRECISION / rates[j]

# Change balances exactly in same way as we change actual ERC20 coin amounts
self.balances[i] = old_balances[i] + dx
# When rounding errors happen, we undercharge admin fee in favor of LP
self.balances[j] = old_balances[j] - dy - dy_admin_fee

# "safeTransferFrom" which works for ERC20s which return bool or not
_response: Bytes[32] = raw_call(
self.coins[i],
concat(
method_id("transferFrom(address,address,uint256)"),
convert(msg.sender, bytes32),
convert(self, bytes32),
convert(dx, bytes32),
),
max_outsize=32,
) # dev: failed transfer
if len(_response) > 0:
assert convert(_response, bool)

_response = raw_call(
self.coins[j],
concat(
method_id("transfer(address,uint256)"),
convert(msg.sender, bytes32),
convert(dy, bytes32),
),
max_outsize=32,
) # dev: failed transfer
if len(_response) > 0:
assert convert(_response, bool)

log TokenExchange(msg.sender, i, dx, j, dy)

return dy
Example
>>> expected = pool.get_dy(0, 1, 10**2) * 0.99
>>> pool.exchange(0, 1, 10**2, expected, {"from": alice})

Add/Remove Liquidity Methods

calc_token_amount

StableSwap.calc_token_amount(_amounts: uint256[N_COINS], _: bool) → uint256: view

Calculate addition or reduction in token supply from a deposit or withdrawal. Returns the expected amount of LP tokens received. This calculation accounts for slippage, but not fees.

N_COINS: Number of coins in the pool.

InputTypeDescription
amountsuint256[N_COINS]Amount of each coin being deposited
is_depositboolSet True for deposits, False for withdrawals
<>Source code
@view
@external
def calc_token_amount(amounts: uint256[N_COINS], is_deposit: bool) -> uint256:
"""
@notice Calculate addition or reduction in token supply from a deposit or withdrawal
@dev This calculation accounts for slippage, but not fees.
Needed to prevent front-running, not for precise calculations!
@param amounts Amount of each coin being deposited
@param is_deposit set True for deposits, False for withdrawals
@return Expected amount of LP tokens received
"""
amp: uint256 = self._A()
_balances: uint256[N_COINS] = self.balances
D0: uint256 = self.get_D_mem(_balances, amp)
for i in range(N_COINS):
if is_deposit:
_balances[i] += amounts[i]
else:
_balances[i] -= amounts[i]
D1: uint256 = self.get_D_mem(_balances, amp)
token_amount: uint256 = ERC20(self.lp_token).totalSupply()
diff: uint256 = 0
if is_deposit:
diff = D1 - D0
else:
diff = D0 - D1
return diff * token_amount / D0
Example
>>> pool.calc_token_amount([10**2, 10**18], True)
1996887509167925969

add_liquidity

StableSwap.add_liquidity(amounts: uint256[N_COINS], min_mint_amount: uint256) → uint256

Deposit coins into the pool. Returns the amount of LP tokens received in exchange for the deposited tokens.

InputTypeDescription
amountsuint256[N_COINS]Amount of each coin being deposited
min_mint_amountuint256Minimum amount of LP tokens to mint from the deposit

Emits: AddLiquidity

<>Source code
@external
@nonreentrant('lock')
def add_liquidity(amounts: uint256[N_COINS], min_mint_amount: uint256) -> uint256:
"""
@notice Deposit coins into the pool
@param amounts List of amounts of coins to deposit
@param min_mint_amount Minimum amount of LP tokens to mint from the deposit
@return Amount of LP tokens received by depositing
"""
assert not self.is_killed # dev: is killed

amp: uint256 = self._A()

_lp_token: address = self.lp_token
token_supply: uint256 = ERC20(_lp_token).totalSupply()
# Initial invariant
D0: uint256 = 0
old_balances: uint256[N_COINS] = self.balances
if token_supply > 0:
D0 = self.get_D_mem(old_balances, amp)
new_balances: uint256[N_COINS] = old_balances

for i in range(N_COINS):
if token_supply == 0:
assert amounts[i] > 0 # dev: initial deposit requires all coins
# balances store amounts of c-tokens
new_balances[i] = old_balances[i] + amounts[i]

# Invariant after change
D1: uint256 = self.get_D_mem(new_balances, amp)
assert D1 > D0

# We need to recalculate the invariant accounting for fees
# to calculate fair user's share
D2: uint256 = D1
fees: uint256[N_COINS] = empty(uint256[N_COINS])

if token_supply > 0:
# Only account for fees if we are not the first to deposit
_fee: uint256 = self.fee * N_COINS / (4 * (N_COINS - 1))
_admin_fee: uint256 = self.admin_fee
for i in range(N_COINS):
ideal_balance: uint256 = D1 * old_balances[i] / D0
difference: uint256 = 0
if ideal_balance > new_balances[i]:
difference = ideal_balance - new_balances[i]
else:
difference = new_balances[i] - ideal_balance
fees[i] = _fee * difference / FEE_DENOMINATOR
self.balances[i] = new_balances[i] - (fees[i] * _admin_fee / FEE_DENOMINATOR)
new_balances[i] -= fees[i]
D2 = self.get_D_mem(new_balances, amp)
else:
self.balances = new_balances

# Calculate, how much pool tokens to mint
mint_amount: uint256 = 0
if token_supply == 0:
mint_amount = D1 # Take the dust if there was any
else:
mint_amount = token_supply * (D2 - D0) / D0

assert mint_amount >= min_mint_amount, "Slippage screwed you"

# Take coins from the sender
for i in range(N_COINS):
if amounts[i] > 0:
# "safeTransferFrom" which works for ERC20s which return bool or not
_response: Bytes[32] = raw_call(
self.coins[i],
concat(
method_id("transferFrom(address,address,uint256)"),
convert(msg.sender, bytes32),
convert(self, bytes32),
convert(amounts[i], bytes32),
),
max_outsize=32,
) # dev: failed transfer
if len(_response) > 0:
assert convert(_response, bool)

# Mint pool tokens
CurveToken(_lp_token).mint(msg.sender, mint_amount)

log AddLiquidity(msg.sender, amounts, fees, D1, token_supply + mint_amount)

return mint_amount
Example
>>> todo: add_liquidity console output example

remove_liquidity

StableSwap.remove_liquidity(_amount: uint256, min_amounts: uint256[N_COINS]) → uint256[N_COINS]

Withdraw coins from the pool. Returns a list of the amounts for each coin that was withdrawn.

InputTypeDescription
_amountuint256Quantity of LP tokens to burn in the withdrawal
min_amounts`uint256[N_COINS]``Minimum amounts of underlying coins to receive

Emits: RemoveLiquidity

<>Source code
@external
@nonreentrant('lock')
def remove_liquidity(_amount: uint256, min_amounts: uint256[N_COINS]) -> uint256[N_COINS]:
"""
@notice Withdraw coins from the pool
@dev Withdrawal amounts are based on current deposit ratios
@param _amount Quantity of LP tokens to burn in the withdrawal
@param min_amounts Minimum amounts of underlying coins to receive
@return List of amounts of coins that were withdrawn
"""
_lp_token: address = self.lp_token
total_supply: uint256 = ERC20(_lp_token).totalSupply()
amounts: uint256[N_COINS] = empty(uint256[N_COINS])
fees: uint256[N_COINS] = empty(uint256[N_COINS]) # Fees are unused but we've got them historically in event

for i in range(N_COINS):
value: uint256 = self.balances[i] * _amount / total_supply
assert value >= min_amounts[i], "Withdrawal resulted in fewer coins than expected"
self.balances[i] -= value
amounts[i] = value
_response: Bytes[32] = raw_call(
self.coins[i],
concat(
method_id("transfer(address,uint256)"),
convert(msg.sender, bytes32),
convert(value, bytes32),
),
max_outsize=32,
) # dev: failed transfer
if len(_response) > 0:
assert convert(_response, bool)

CurveToken(_lp_token).burnFrom(msg.sender, _amount) # dev: insufficient funds

log RemoveLiquidity(msg.sender, amounts, fees, total_supply - _amount)

return amounts
Example
>>> todo: remove_liquidity console output example

remove_liquidity_imbalance

StableSwap.remove_liquidity_imbalance(amounts: uint256[N_COINS], max_burn_amount: uint256) → uint256

Withdraw coins from the pool in an imbalanced amount. Returns a list of the amounts for each coin that was withdrawn.

InputTypeDescription
amountsuint256[N_COINS]List of amounts of underlying coins to withdraw
max_burn_amountuint256Maximum amount of LP token to burn in the withdrawal

Emits: RemoveLiquidityImbalance

<>Source code
@external
@nonreentrant('lock')
def remove_liquidity_imbalance(amounts: uint256[N_COINS], max_burn_amount: uint256) -> uint256:
"""
@notice Withdraw coins from the pool in an imbalanced amount
@param amounts List of amounts of underlying coins to withdraw
@param max_burn_amount Maximum amount of LP token to burn in the withdrawal
@return Actual amount of the LP token burned in the withdrawal
"""
assert not self.is_killed # dev: is killed

amp: uint256 = self._A()

old_balances: uint256[N_COINS] = self.balances
new_balances: uint256[N_COINS] = old_balances
D0: uint256 = self.get_D_mem(old_balances, amp)
for i in range(N_COINS):
new_balances[i] -= amounts[i]
D1: uint256 = self.get_D_mem(new_balances, amp)

_lp_token: address = self.lp_token
token_supply: uint256 = ERC20(_lp_token).totalSupply()
assert token_supply != 0 # dev: zero total supply

_fee: uint256 = self.fee * N_COINS / (4 * (N_COINS - 1))
_admin_fee: uint256 = self.admin_fee
fees: uint256[N_COINS] = empty(uint256[N_COINS])
for i in range(N_COINS):
ideal_balance: uint256 = D1 * old_balances[i] / D0
difference: uint256 = 0
if ideal_balance > new_balances[i]:
difference = ideal_balance - new_balances[i]
else:
difference = new_balances[i] - ideal_balance
fees[i] = _fee * difference / FEE_DENOMINATOR
self.balances[i] = new_balances[i] - (fees[i] * _admin_fee / FEE_DENOMINATOR)
new_balances[i] -= fees[i]
D2: uint256 = self.get_D_mem(new_balances, amp)

token_amount: uint256 = (D0 - D2) * token_supply / D0
assert token_amount != 0 # dev: zero tokens burned
token_amount += 1 # In case of rounding errors - make it unfavorable for the "attacker"
assert token_amount <= max_burn_amount, "Slippage screwed you"

CurveToken(_lp_token).burnFrom(msg.sender, token_amount) # dev: insufficient funds
for i in range(N_COINS):
if amounts[i] != 0:
_response: Bytes[32] = raw_call(
self.coins[i],
concat(
method_id("transfer(address,uint256)"),
convert(msg.sender, bytes32),
convert(amounts[i], bytes32),
),
max_outsize=32,
) # dev: failed transfer
if len(_response) > 0:
assert convert(_response, bool)


log RemoveLiquidityImbalance(msg.sender, amounts, fees, D1, token_supply - token_amount)

return token_amount
Example
>>> todo: remove_liquidity_imbalance console output example

calc_withdraw_one_coin

StableSwap.calc_withdraw_one_coin(_token_amount: uint256, i: int128) → uint256

Calculate the amount received when withdrawing a single coin.

InputTypeDescription
_token_amountuint256Amount of LP tokens to burn in the withdrawal
iint128Index value of the coin to withdraw
<>Source code
@view
@internal
def _calc_withdraw_one_coin(_token_amount: uint256, i: int128) -> (uint256, uint256, uint256):
# First, need to calculate
# * Get current D
# * Solve Eqn against y_i for D - _token_amount
amp: uint256 = self._A()
xp: uint256[N_COINS] = self._xp()
D0: uint256 = self.get_D(xp, amp)

total_supply: uint256 = ERC20(self.lp_token).totalSupply()
D1: uint256 = D0 - _token_amount * D0 / total_supply
new_y: uint256 = self.get_y_D(amp, i, xp, D1)
xp_reduced: uint256[N_COINS] = xp

_fee: uint256 = self.fee * N_COINS / (4 * (N_COINS - 1))
for j in range(N_COINS):
dx_expected: uint256 = 0
if j == i:
dx_expected = xp[j] * D1 / D0 - new_y
else:
dx_expected = xp[j] - xp[j] * D1 / D0
xp_reduced[j] -= _fee * dx_expected / FEE_DENOMINATOR

dy: uint256 = xp_reduced[i] - self.get_y_D(amp, i, xp_reduced, D1)
precisions: uint256[N_COINS] = PRECISION_MUL
dy = (dy - 1) / precisions[i] # Withdraw less to account for rounding errors
dy_0: uint256 = (xp[i] - new_y) / precisions[i] # w/o fees

return dy, dy_0 - dy, total_supply


@view
@external
def calc_withdraw_one_coin(_token_amount: uint256, i: int128) -> uint256:
"""
@notice Calculate the amount received when withdrawing a single coin
@param _token_amount Amount of LP tokens to burn in the withdrawal
@param i Index value of the coin to withdraw
@return Amount of coin received
"""
return self._calc_withdraw_one_coin(_token_amount, i)[0]
Example
>>> todo: calculate_withdraw_one_coin console output example

remove_liquidity_one_coin

StableSwap.remove_liquidity_one_coin(_token_amount: uint256, i: int128, _min_amount: uint256) → uint256

Withdraw a single coin from the pool. Returns the amount of coin i received.

InputTypeDescription
_token_amountuint256Amount of LP tokens to burn in the withdrawal
iint128Index value of the coin to withdraw
_min_amountuint256Minimum amount of coin to receive

Emits: RemoveLiquidityOne

<>Source code
@external
@nonreentrant('lock')
def remove_liquidity_one_coin(_token_amount: uint256, i: int128, _min_amount: uint256) -> uint256:
"""
@notice Withdraw a single coin from the pool
@param _token_amount Amount of LP tokens to burn in the withdrawal
@param i Index value of the coin to withdraw
@param _min_amount Minimum amount of coin to receive
@return Amount of coin received
"""
assert not self.is_killed # dev: is killed

dy: uint256 = 0
dy_fee: uint256 = 0
total_supply: uint256 = 0
dy, dy_fee, total_supply = self._calc_withdraw_one_coin(_token_amount, i)
assert dy >= _min_amount, "Not enough coins removed"

self.balances[i] -= (dy + dy_fee * self.admin_fee / FEE_DENOMINATOR)
CurveToken(self.lp_token).burnFrom(msg.sender, _token_amount) # dev: insufficient funds


_response: Bytes[32] = raw_call(
self.coins[i],
concat(
method_id("transfer(address,uint256)"),
convert(msg.sender, bytes32),
convert(dy, bytes32),
),
max_outsize=32,
) # dev: failed transfer
if len(_response) > 0:
assert convert(_response, bool)

log RemoveLiquidityOne(msg.sender, _token_amount, dy, total_supply - _token_amount)

return dy
Example
>>> todo: remove_liquidity_one_coin console output example