Protorev: Backrun event emission

CHANGELOG.md

@@ -48,6 +48,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
   * [#4783](https://github.com/osmosis-labs/osmosis/pull/4783) Update wasmd to 0.31.0
   * [#4886](https://github.com/osmosis-labs/osmosis/pull/4886) Implement MsgSplitRouteSwapExactAmountIn and MsgSplitRouteSwapExactAmountOut that supports route splitting.
   * [#4829] (https://github.com/osmosis-labs/osmosis/pull/4829) Add highest liquidity pool query in x/protorev
+  * [#4878] (https://github.com/osmosis-labs/osmosis/pull/4878) Emit backrun event upon successful protorev backrun
 
 ### Misc Improvements
 

x/protorev/keeper/emit.go

@@ -0,0 +1,35 @@
+package keeper
+
+import (
+	"encoding/hex"
+	"strconv"
+	"strings"
+
+	sdk "github.com/cosmos/cosmos-sdk/types"
+
+	"github.com/tendermint/tendermint/crypto/tmhash"
+
+	"github.com/osmosis-labs/osmosis/v15/x/protorev/types"
+)
+
+// EmitBackrunEvent updates and emits a backrunEvent
+func EmitBackrunEvent(ctx sdk.Context, pool SwapToBackrun, inputCoin sdk.Coin, profit, tokenOutAmount sdk.Int, remainingTxPoolPoints, remainingBlockPoolPoints uint64) {
+	// Get tx hash
+	txHash := strings.ToUpper(hex.EncodeToString(tmhash.Sum(ctx.TxBytes())))
+	// Update the backrun event and add it to the context
+	backrunEvent := sdk.NewEvent(
+		types.TypeEvtBackrun,
+		sdk.NewAttribute(sdk.AttributeKeyModule, types.AttributeValueCategory),
+		sdk.NewAttribute(types.AttributeKeyTxHash, txHash),
+		sdk.NewAttribute(types.AttributeKeyUserPoolId, strconv.FormatUint(pool.PoolId, 10)),
+		sdk.NewAttribute(types.AttributeKeyUserDenomIn, pool.TokenInDenom),
+		sdk.NewAttribute(types.AttributeKeyUserDenomOut, pool.TokenOutDenom),
+		sdk.NewAttribute(types.AttributeKeyTxPoolPointsRemaining, strconv.FormatUint(remainingTxPoolPoints, 10)),
+		sdk.NewAttribute(types.AttributeKeyBlockPoolPointsRemaining, strconv.FormatUint(remainingBlockPoolPoints, 10)),
+		sdk.NewAttribute(types.AttributeKeyProtorevProfit, profit.String()),
+		sdk.NewAttribute(types.AttributeKeyProtorevAmountIn, inputCoin.Amount.String()),
+		sdk.NewAttribute(types.AttributeKeyProtorevAmountOut, tokenOutAmount.String()),
+		sdk.NewAttribute(types.AttributeKeyProtorevArbDenom, inputCoin.Denom),
+	)
+	ctx.EventManager().EmitEvent(backrunEvent)
+}

x/protorev/keeper/emit_test.go

@@ -0,0 +1,62 @@
+package keeper_test
+
+import (
+	"encoding/hex"
+	"strconv"
+	"strings"
+
+	sdk "github.com/cosmos/cosmos-sdk/types"
+	"github.com/tendermint/tendermint/crypto/tmhash"
+
+	"github.com/osmosis-labs/osmosis/v15/x/protorev/keeper"
+	"github.com/osmosis-labs/osmosis/v15/x/protorev/types"
+)
+
+func (suite *KeeperTestSuite) TestBackRunEvent() {
+	testcases := map[string]struct {
+		pool                     keeper.SwapToBackrun
+		remainingTxPoolPoints    uint64
+		remainingBlockPoolPoints uint64
+		profit                   sdk.Int
+		tokenOutAmount           sdk.Int
+		inputCoin                sdk.Coin
+	}{
+		"basic valid": {
+			pool: keeper.SwapToBackrun{
+				PoolId:        1,
+				TokenInDenom:  "uosmo",
+				TokenOutDenom: "uatom",
+			},
+			remainingTxPoolPoints:    100,
+			remainingBlockPoolPoints: 100,
+			profit:                   sdk.NewInt(100),
+			tokenOutAmount:           sdk.NewInt(100),
+			inputCoin:                sdk.NewCoin("uosmo", sdk.NewInt(100)),
+		},
+	}
+
+	for name, tc := range testcases {
+		suite.Run(name, func() {
+			expectedEvent := sdk.NewEvent(
+				types.TypeEvtBackrun,
+				sdk.NewAttribute(sdk.AttributeKeyModule, types.AttributeValueCategory),
+				sdk.NewAttribute(types.AttributeKeyTxHash, strings.ToUpper(hex.EncodeToString(tmhash.Sum(suite.Ctx.TxBytes())))),
+				sdk.NewAttribute(types.AttributeKeyUserPoolId, strconv.FormatUint(tc.pool.PoolId, 10)),
+				sdk.NewAttribute(types.AttributeKeyUserDenomIn, tc.pool.TokenInDenom),
+				sdk.NewAttribute(types.AttributeKeyUserDenomOut, tc.pool.TokenOutDenom),
+				sdk.NewAttribute(types.AttributeKeyTxPoolPointsRemaining, strconv.FormatUint(tc.remainingTxPoolPoints, 10)),
+				sdk.NewAttribute(types.AttributeKeyBlockPoolPointsRemaining, strconv.FormatUint(tc.remainingBlockPoolPoints, 10)),
+				sdk.NewAttribute(types.AttributeKeyProtorevProfit, tc.profit.String()),
+				sdk.NewAttribute(types.AttributeKeyProtorevAmountIn, tc.inputCoin.Amount.String()),
+				sdk.NewAttribute(types.AttributeKeyProtorevAmountOut, tc.tokenOutAmount.String()),
+				sdk.NewAttribute(types.AttributeKeyProtorevArbDenom, tc.inputCoin.Denom),
+			)
+
+			keeper.EmitBackrunEvent(suite.Ctx, tc.pool, tc.inputCoin, tc.profit, tc.tokenOutAmount, tc.remainingTxPoolPoints, tc.remainingBlockPoolPoints)
+
+			// Get last event emitted and ensure it is the expected event
+			actualEvent := suite.Ctx.EventManager().Events()[len(suite.Ctx.EventManager().Events())-1]
+			suite.Equal(expectedEvent, actualEvent)
+		})
+	}
+}

x/protorev/keeper/posthandler.go

@@ -114,21 +114,22 @@ func (k Keeper) ProtoRevTrade(ctx sdk.Context, swappedPools []SwapToBackrun) (er
 	}()
 
 	// Get the total number of pool points that can be consumed in this transaction
-	remainingPoolPoints, err := k.RemainingPoolPointsForTx(ctx)
+	remainingTxPoolPoints, remainingBlockPoolPoints, err := k.GetRemainingPoolPoints(ctx)
 	if err != nil {
 		return err
 	}
+
 	// Iterate and build arbitrage routes for each pool that was swapped on
 	for _, pool := range swappedPools {
 		// Build the routes for the pool that was swapped on
 		routes := k.BuildRoutes(ctx, pool.TokenInDenom, pool.TokenOutDenom, pool.PoolId)
 
 		// Find optimal route (input coin, profit, route) for the given routes
-		maxProfitInputCoin, maxProfitAmount, optimalRoute := k.IterateRoutes(ctx, routes, &remainingPoolPoints)
+		maxProfitInputCoin, maxProfitAmount, optimalRoute := k.IterateRoutes(ctx, routes, &remainingTxPoolPoints, &remainingBlockPoolPoints)
 
 		// The error that returns here is particularly focused on the minting/burning of coins, and the execution of the MultiHopSwapExactAmountIn.
 		if maxProfitAmount.GT(sdk.ZeroInt()) {
-			if err := k.ExecuteTrade(ctx, optimalRoute, maxProfitInputCoin); err != nil {
+			if err := k.ExecuteTrade(ctx, optimalRoute, maxProfitInputCoin, pool, remainingTxPoolPoints, remainingBlockPoolPoints); err != nil {
 				return err
 			}
 		}

x/protorev/keeper/posthandler_test.go

@@ -1,6 +1,7 @@
 package keeper_test
 
 import (
+	"strconv"
 	"strings"
 	"testing"
 
@@ -534,6 +535,15 @@ func (suite *KeeperTestSuite) TestAnteHandle() {
 				suite.Require().NoError(err)
 				suite.Require().Equal(tc.params.expectedPoolPoints, pointCount)
 
+				_, remainingBlockPoolPoints, err := suite.App.ProtoRevKeeper.GetRemainingPoolPoints(suite.Ctx)
+
+				lastEvent := suite.Ctx.EventManager().Events()[len(suite.Ctx.EventManager().Events())-1]
+				for _, attr := range lastEvent.Attributes {
+					if string(attr.Key) == "block_pool_points_remaining" {
+						suite.Require().Equal(strconv.FormatUint(remainingBlockPoolPoints, 10), string(attr.Value))
+					}
+				}
+
 			} else {
 				suite.Require().Error(err)
 			}

x/protorev/keeper/rebalance.go

@@ -9,20 +9,20 @@ import (
 
 // IterateRoutes checks the profitability of every single route that is passed in
 // and returns the optimal route if there is one
-func (k Keeper) IterateRoutes(ctx sdk.Context, routes []RouteMetaData, remainingPoolPoints *uint64) (sdk.Coin, sdk.Int, poolmanagertypes.SwapAmountInRoutes) {
+func (k Keeper) IterateRoutes(ctx sdk.Context, routes []RouteMetaData, remainingTxPoolPoints, remainingBlockPoolPoints *uint64) (sdk.Coin, sdk.Int, poolmanagertypes.SwapAmountInRoutes) {
 	var optimalRoute poolmanagertypes.SwapAmountInRoutes
 	var maxProfitInputCoin sdk.Coin
 	maxProfit := sdk.ZeroInt()
 
 	// Iterate through the routes and find the optimal route for the given swap
-	for index := 0; index < len(routes) && *remainingPoolPoints > 0; index++ {
+	for index := 0; index < len(routes) && *remainingTxPoolPoints > 0; index++ {
 		// If the route consumes more pool points than we have remaining then we skip it
-		if routes[index].PoolPoints > *remainingPoolPoints {
+		if routes[index].PoolPoints > *remainingTxPoolPoints {
 			continue
 		}
 
 		// Find the max profit for the route if it exists
-		inputCoin, profit, err := k.FindMaxProfitForRoute(ctx, routes[index], remainingPoolPoints)
+		inputCoin, profit, err := k.FindMaxProfitForRoute(ctx, routes[index], remainingTxPoolPoints, remainingBlockPoolPoints)
 		if err != nil {
 			k.Logger(ctx).Error("Error finding max profit for route: ", err)
 			continue
@@ -96,7 +96,7 @@ func (k Keeper) EstimateMultihopProfit(ctx sdk.Context, inputDenom string, amoun
 }
 
 // FindMaxProfitRoute runs a binary search to find the max profit for a given route
-func (k Keeper) FindMaxProfitForRoute(ctx sdk.Context, route RouteMetaData, remainingPoolPoints *uint64) (sdk.Coin, sdk.Int, error) {
+func (k Keeper) FindMaxProfitForRoute(ctx sdk.Context, route RouteMetaData, remainingTxPoolPoints, remainingBlockPoolPoints *uint64) (sdk.Coin, sdk.Int, error) {
 	// Track the tokenIn amount/denom and the profit
 	tokenIn := sdk.Coin{}
 	profit := sdk.ZeroInt()
@@ -119,7 +119,9 @@ func (k Keeper) FindMaxProfitForRoute(ctx sdk.Context, route RouteMetaData, rema
 	}
 
 	// Decrement the number of pool points remaining since we know this route will be profitable
-	*remainingPoolPoints -= route.PoolPoints
+	*remainingTxPoolPoints -= route.PoolPoints
+	*remainingBlockPoolPoints -= route.PoolPoints
+
 	// Increment the number of pool points consumed since we know this route will be profitable
 	if err := k.IncrementPointCountForBlock(ctx, route.PoolPoints); err != nil {
 		return sdk.Coin{}, sdk.ZeroInt(), err
@@ -187,7 +189,7 @@ func (k Keeper) ExtendSearchRangeIfNeeded(ctx sdk.Context, route RouteMetaData,
 }
 
 // ExecuteTrade inputs a route, amount in, and rebalances the pool
-func (k Keeper) ExecuteTrade(ctx sdk.Context, route poolmanagertypes.SwapAmountInRoutes, inputCoin sdk.Coin) error {
+func (k Keeper) ExecuteTrade(ctx sdk.Context, route poolmanagertypes.SwapAmountInRoutes, inputCoin sdk.Coin, pool SwapToBackrun, remainingTxPoolPoints, remainingBlockPoolPoints uint64) error {
 	// Get the module address which will execute the trade
 	protorevModuleAddress := k.accountKeeper.GetModuleAddress(types.ModuleName)
 
@@ -220,37 +222,42 @@ func (k Keeper) ExecuteTrade(ctx sdk.Context, route poolmanagertypes.SwapAmountI
 		return err
 	}
 
+	// Create and emit the backrun event and add it to the context
+	EmitBackrunEvent(ctx, pool, inputCoin, profit, tokenOutAmount, remainingTxPoolPoints, remainingBlockPoolPoints)
+
 	return nil
 }
 
-// RemainingPoolPointsForTx calculates the number of pool points that can be consumed in the current transaction.
-func (k Keeper) RemainingPoolPointsForTx(ctx sdk.Context) (uint64, error) {
-	maxRoutesPerTx, err := k.GetMaxPointsPerTx(ctx)
+// RemainingPoolPointsForTx calculates the number of pool points that can be consumed in the transaction and block.
+// When the remaining pool points for the block is less than the remaining pool points for the transaction, then both
+// returned values will be the same, which will be the remaining pool points for the block.
+func (k Keeper) GetRemainingPoolPoints(ctx sdk.Context) (uint64, uint64, error) {
+	maxPoolPointsPerTx, err := k.GetMaxPointsPerTx(ctx)
 	if err != nil {
-		return 0, err
+		return 0, 0, err
 	}
 
-	maxRoutesPerBlock, err := k.GetMaxPointsPerBlock(ctx)
+	maxPoolPointsPerBlock, err := k.GetMaxPointsPerBlock(ctx)
 	if err != nil {
-		return 0, err
+		return 0, 0, err
 	}
 
-	currentRouteCount, err := k.GetPointCountForBlock(ctx)
+	currentPoolPointsUsedForBlock, err := k.GetPointCountForBlock(ctx)
 	if err != nil {
-		return 0, err
+		return 0, 0, err
 	}
 
-	// Edge case where the number of routes consumed in the current block is greater than the max number of routes per block
+	// Edge case where the number of pool points consumed in the current block is greater than the max number of routes per block
 	// This should never happen, but we need to handle it just in case (deal with overflow)
-	if currentRouteCount >= maxRoutesPerBlock {
-		return 0, nil
+	if currentPoolPointsUsedForBlock >= maxPoolPointsPerBlock {
+		return 0, 0, nil
 	}
 
-	// Calculate the number of routes that can be iterated over
-	numberOfIterableRoutes := maxRoutesPerBlock - currentRouteCount
-	if numberOfIterableRoutes > maxRoutesPerTx {
-		return maxRoutesPerTx, nil
+	// Calculate the number of pool points that can be iterated over
+	numberOfAvailablePoolPointsForBlock := maxPoolPointsPerBlock - currentPoolPointsUsedForBlock
+	if numberOfAvailablePoolPointsForBlock > maxPoolPointsPerTx {
+		return maxPoolPointsPerTx, numberOfAvailablePoolPointsForBlock, nil
 	}
 
-	return numberOfIterableRoutes, nil
+	return numberOfAvailablePoolPointsForBlock, numberOfAvailablePoolPointsForBlock, nil
 }

x/protorev/keeper/rebalance_test.go

@@ -290,6 +290,7 @@ func (suite *KeeperTestSuite) TestFindMaxProfitRoute() {
 		suite.Run(test.name, func() {
 			// init the route
 			remainingPoolPoints := uint64(1000)
+			remainingBlockPoolPoints := uint64(1000)
 			route := protorevtypes.RouteMetaData{
 				Route:      test.param.route,
 				PoolPoints: test.param.routePoolPoints,
@@ -300,6 +301,7 @@ func (suite *KeeperTestSuite) TestFindMaxProfitRoute() {
 				suite.Ctx,
 				route,
 				&remainingPoolPoints,
+				&remainingBlockPoolPoints,
 			)
 
 			if test.expectPass {
@@ -388,10 +390,18 @@ func (suite *KeeperTestSuite) TestExecuteTrade() {
 
 	for _, test := range tests {
 
+		// Empty SwapToBackrun var to pass in as param
+		pool := protorevtypes.SwapToBackrun{}
+		txPoolPointsRemaining := uint64(100)
+		blockPoolPointsRemaining := uint64(100)
+
 		err := suite.App.ProtoRevKeeper.ExecuteTrade(
 			suite.Ctx,
 			test.param.route,
 			test.param.inputCoin,
+			pool,
+			txPoolPointsRemaining,
+			blockPoolPointsRemaining,
 		)
 
 		if test.expectPass {
@@ -508,8 +518,9 @@ func (suite *KeeperTestSuite) TestIterateRoutes() {
 			}
 			// Set a high default pool points so that all routes are considered
 			remainingPoolPoints := uint64(40)
+			remainingBlockPoolPoints := uint64(40)
 
-			maxProfitInputCoin, maxProfitAmount, optimalRoute := suite.App.ProtoRevKeeper.IterateRoutes(suite.Ctx, routes, &remainingPoolPoints)
+			maxProfitInputCoin, maxProfitAmount, optimalRoute := suite.App.ProtoRevKeeper.IterateRoutes(suite.Ctx, routes, &remainingPoolPoints, &remainingBlockPoolPoints)
 			if test.expectPass {
 				suite.Require().Equal(test.params.expectedMaxProfitAmount, maxProfitAmount)
 				suite.Require().Equal(test.params.expectedMaxProfitInputCoin, maxProfitInputCoin)
@@ -624,7 +635,7 @@ func (suite *KeeperTestSuite) TestRemainingPoolPointsForTx() {
 			suite.App.ProtoRevKeeper.SetMaxPointsPerBlock(suite.Ctx, tc.maxRoutesPerBlock)
 			suite.App.ProtoRevKeeper.SetPointCountForBlock(suite.Ctx, tc.currentRouteCount)
 
-			points, err := suite.App.ProtoRevKeeper.RemainingPoolPointsForTx(suite.Ctx)
+			points, _, err := suite.App.ProtoRevKeeper.GetRemainingPoolPoints(suite.Ctx)
 			suite.Require().NoError(err)
 			suite.Require().Equal(tc.expectedPointCount, points)
 		})

x/protorev/keeper/routes.go

@@ -179,7 +179,7 @@ func (k Keeper) CalculateRoutePoolPoints(ctx sdk.Context, route poolmanagertypes
 		}
 	}
 
-	remainingPoolPoints, err := k.RemainingPoolPointsForTx(ctx)
+	remainingPoolPoints, _, err := k.GetRemainingPoolPoints(ctx)
 	if err != nil {
 		return 0, err
 	}

x/protorev/protorev.md

@@ -702,4 +702,39 @@ osmosisd query protorev params
 | POST | /osmosis/v14/protorev/set_max_pool_points_per_tx | Sets the maximum number of pool points that can be consumed per transaction |
 | POST | /osmosis/v14/protorev/set_max_pool_points_per_block | Sets the maximum number of pool points that can be consumed per block |
 | POST | /osmosis/v14/protorev/set_pool_weights | Sets the amount of pool points each pool type will consume when executing and simulating trades |
-| POST | /osmosis/v14/protorev/set_base_denoms | Sets the base denominations that will be used by ProtoRev to construct cyclic arbitrage routes |
+| POST | /osmosis/v14/protorev/set_base_denoms | Sets the base denominations that will be used by ProtoRev to construct cyclic arbitrage routes |
+
+## Events
+
+There is 1 type of event that exists in ProtoRev:
+
+* `types.TypeEvtBackrun` - "protorev_backrun"
+
+### `types.TypeEvtBackrun`
+
+This event is emitted after ProtoRev succesfully backruns a transaction.
+
+It consists of the following attributes:
+
+* `types.AttributeValueCategory` - "ModuleName"
+  * The value is the module's name - "protorev".
+* `types.AttributeKeyUserPoolId`
+  * The value is the pool id that the user swapped on that ProtoRev backran.
+* `types.AttributeKeyTxHash`
+  * The value is the transaction hash that ProtoRev backran.
+* `types.AttributeKeyUserDenomIn`
+  * The value is the user denom in for the swap ProtoRev backran.
+* `types.AttributeKeyUserDenomOut`
+  * The value is the user denom out for the swap ProtoRev backran.
+* `types.AttributeKeyBlockPoolPointsRemaining`
+  * The value is the remaining block pool points ProtoRev can still use after the backrun.
+* `types.AttributeKeyTxPoolPointsRemaining`
+  * The value is the remaining tx pool points ProtoRev can still use after the backrun.
+* `types.AttributeKeyProtorevProfit`
+  * The value is the profit ProtoRev captured through the backrun.
+* `types.AttributeKeyProtorevAmountIn`
+  * The value is the amount Protorev swapped in to execute the backrun.
+* `types.AttributeKeyProtorevAmountOut`
+  * The value is the amount Protorev got out of the backrun swap.
+* `types.AttributeKeyProtorevArbDenom`
+  * The value is the denom that ProtoRev swapped in/out to execute the backrun.

x/protorev/types/events.go

@@ -0,0 +1,17 @@
+package types
+
+const (
+	TypeEvtBackrun = "protorev_backrun"
+
+	AttributeValueCategory               = ModuleName
+	AttributeKeyTxHash                   = "tx_hash"
+	AttributeKeyUserPoolId               = "user_pool_id"
+	AttributeKeyUserDenomIn              = "user_denom_in"
+	AttributeKeyUserDenomOut             = "user_denom_out"
+	AttributeKeyBlockPoolPointsRemaining = "block_pool_points_remaining"
+	AttributeKeyTxPoolPointsRemaining    = "tx_pool_points_remaining"
+	AttributeKeyProtorevProfit           = "profit"
+	AttributeKeyProtorevAmountIn         = "amount_in"
+	AttributeKeyProtorevAmountOut        = "amount_out"
+	AttributeKeyProtorevArbDenom         = "arb_denom"
+)