Created
August 29, 2021 20:34
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pre flight checks for paying gas in ERC20 token
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const appRoot = require("app-root-path"); | |
var log = require(`${appRoot}/config/winston`).logger(module); | |
const config = require(`${appRoot}/config`); | |
const cache = require(`${appRoot}/src/services/caching`); | |
const ethers = require("ethers"); | |
const { | |
getGasPriceKey, | |
} = require(`${appRoot}/src/controllers/utils/cache-utils`); | |
const TOKEN_GAS_PRICE_THRESHOLD_PERCENTAGE = | |
config.TOKEN_GAS_PRICE_THRESHOLD_PERCENTAGE; | |
const getPreFlightChecks = async ( | |
networkId, | |
oracleAggregatorContract, | |
forwardRequest | |
) => { | |
let result = {}; | |
result.readyToPayGasInTokens = false; | |
try { | |
let gasPriceFromCache = await cache.get( | |
getGasPriceKey(networkId, config.networksGasPriceType[networkId]) | |
); | |
let tokenAddress = forwardRequest.token; | |
const tokenGasPriceFromRequest = ethers.BigNumber.from( | |
forwardRequest.tokenGasPrice | |
); | |
const tokenPriceCurrent = await oracleAggregatorContract.getTokenPrice( | |
tokenAddress | |
); | |
const tokenOracleDecimals = await oracleAggregatorContract.getTokenOracleDecimals( | |
tokenAddress | |
); | |
/* should probably assume use of high gas price and calculate from different sources on the go (upvest,gasstation,etherscan) and avergae out | |
same for the oracle vs token price fetch apis - coingecko etc | |
add robustness for calcs | |
//todo | |
*/ | |
const gasPrice = ethers.BigNumber.from( | |
ethers.utils.parseUnits(gasPriceFromCache.toString(), "wei").toString() | |
); | |
const tokenGasPriceCurrent = ethers.BigNumber.from(gasPrice) | |
.mul(ethers.BigNumber.from(10).pow(tokenOracleDecimals)) | |
.div(tokenPriceCurrent); | |
if (tokenGasPriceCurrent && tokenPriceCurrent && tokenOracleDecimals) { | |
log.info(`token price ${tokenPriceCurrent.toString()}`); | |
log.info(`token oracle decimals ${tokenOracleDecimals.toString()}`); | |
log.info(`token gas price ${tokenGasPriceCurrent.toString()}`); | |
var minimumTokenGasPriceAccepted = ethers.BigNumber.from( | |
TOKEN_GAS_PRICE_THRESHOLD_PERCENTAGE | |
) | |
.mul(ethers.BigNumber.from(tokenGasPriceCurrent)) | |
.div(ethers.BigNumber.from(100)); | |
if (tokenGasPriceFromRequest.lte(minimumTokenGasPriceAccepted)) { | |
log.info("Not favorable to process this transaction"); | |
result.errorMessage = | |
"$token/ETH pair price has dropped beyond threshold"; | |
} else { | |
result.readyToPayGasInTokens = true; | |
} | |
} | |
} catch (error) { | |
log.info("Error while getting data points for pre flight checks"); | |
result.errorMessage = error.toString(); | |
log.error(error); | |
} | |
log.info(`ready to pay in ERC20 tokens? ${result.readyToPayGasInTokens}`); | |
return result; | |
}; | |
module.exports = { getPreFlightChecks }; |
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