(*****************************************************************************) (* *) (* Open Source License *) (* Copyright (c) 2021 Tocqueville Group, Inc. *) (* Copyright (c) 2022 Nomadic Labs *) (* *) (* Permission is hereby granted, free of charge, to any person obtaining a *) (* copy of this software and associated documentation files (the "Software"),*) (* to deal in the Software without restriction, including without limitation *) (* the rights to use, copy, modify, merge, publish, distribute, sublicense, *) (* and/or sell copies of the Software, and to permit persons to whom the *) (* Software is furnished to do so, subject to the following conditions: *) (* *) (* The above copyright notice and this permission notice shall be included *) (* in all copies or substantial portions of the Software. *) (* *) (* THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR*) (* IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, *) (* FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL *) (* THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER*) (* LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING *) (* FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER *) (* DEALINGS IN THE SOFTWARE. *) (* *) (*****************************************************************************) (** Options available for the Liquidity Baking per-block vote *) type liquidity_baking_toggle_vote = LB_on | LB_off | LB_pass let liquidity_baking_toggle_vote_encoding = let of_int8 = function | 0 -> Ok LB_on | 1 -> Ok LB_off | 2 -> Ok LB_pass | _ -> Error "liquidity_baking_toggle_vote_of_int8" in let to_int8 = function LB_on -> 0 | LB_off -> 1 | LB_pass -> 2 in let open Data_encoding in (* union *) def "liquidity_baking_toggle_vote" @@ splitted ~binary:(conv_with_guard to_int8 of_int8 int8) ~json:(string_enum [("on", LB_on); ("off", LB_off); ("pass", LB_pass)]) module Toggle_EMA : sig (* The exponential moving average is represented as an Int32 between 0l and 2_000_000_000l *) type t val zero : t val of_int32 : Int32.t -> t tzresult Lwt.t val to_int32 : t -> Int32.t val update_ema_off : t -> t val update_ema_on : t -> t val ( < ) : t -> Int32.t -> bool val encoding : t Data_encoding.t end = struct type t = Int32.t (* Invariant 0 <= ema <= 2_000_000_000l *) (* This error is not registered because we don't expect it to be raised. *) type error += Liquidity_baking_toggle_ema_out_of_bound of Int32.t let check_bounds x = Compare.Int32.(0l <= x && x <= 2_000_000_000l) let of_int32 x = if check_bounds x then return x else fail @@ Liquidity_baking_toggle_ema_out_of_bound x let zero = Int32.zero (* The conv_with_guard combinator of Data_encoding expects a (_, string) result. *) let of_int32_for_encoding x = if check_bounds x then Ok x else Error "out of bounds" let to_int32 ema = ema (* We perform the computations in Z to avoid overflows. *) let z_1999 = Z.of_int 1999 let z_2000 = Z.of_int 2000 let attenuate z = Z.(div (mul z_1999 z) z_2000) let z_1_000_000_000 = Z.of_int 1_000_000_000 (* Outside of this module, the EMA is always between 0 and 2,000,000,000. This [recenter] wrappers, puts it in between -1,000,000,000 and 1,000,000,000. The goal of this recentering around zero is to make [update_ema_off] and [update_ema_on] behave symmetrically with respect to rounding. *) let recenter f ema = Z.(add z_1_000_000_000 (f (sub ema z_1_000_000_000))) let z_500_000 = Z.of_int 500_000 let update_ema_off ema = let ema = Z.of_int32 ema in recenter (fun ema -> Z.add (attenuate ema) z_500_000) ema |> Z.to_int32 let update_ema_on ema = let ema = Z.of_int32 ema in recenter (fun ema -> Z.sub (attenuate ema) z_500_000) ema |> Z.to_int32 let ( < ) = Compare.Int32.( < ) let encoding = Data_encoding.(conv_with_guard to_int32 of_int32_for_encoding int32) end (* Invariant: 0 <= ema <= 2_000_000 *) let compute_new_ema ~toggle_vote ema = match toggle_vote with | LB_pass -> ema | LB_off -> Toggle_EMA.update_ema_off ema | LB_on -> Toggle_EMA.update_ema_on ema