treasury

Treasury Contract

The treasury contract includes functionalities to properly manage the fees collected from the liquid staking protocol. These functionalities are:

• Allowing a trader account to swap the collected fees into other assets to reduce the volatility of the treasury balance.
• Enabling the withdrawal of the treasury balance to another account.

Deploy

To deploy the contract you have to build the optimized wasm file with the following command from the repository root:

make optimize

Then you can deploy the contract using the following command:

osmosisd tx wasm store ./artifacts/treasury.wasm \
    --from <your-address> --chain-id "osmosis-1" \
    --gas=auto --gas-prices=0.04uosmo --gas-adjustment=1.5 \
    --node https://rpc.osmosis.zone:443

Instantiate

To instantiate the contract you have to use the following command:

osmosisd tx wasm instantiate <code-id> '{"admin": "<admin-addr>", "trader": "<trader-addr>", "allowed_swap_routes": [<swap-route>]}' \
    --from <your-address> --label "treasury" \
    --chain-id "osmosis-1" \
    --gas=auto --gas-prices=0.04uosmo --gas-adjustment=1.5 \
    --node https://rpc.osmosis.zone:443

The instantiate message takes the following parameters:

• admin - Optional address of the admin account, if not provided the admin account will be the sender
• trader - The address of the trader account, if not provided the trader will be the sender
• allowed_swap_routes - The list of swap routes that the trader is allowed to use, you can see the definition here

Execute

Here are listed the actions that can be performed by the contract

Sped funds

This allows the treasury to withdraw their funds to another account.

osmosisd tx wasm execute <contract-address> '{"spend_funds": {"amunt": <coin>, "receiver": "<receiver-addr>", "chain-id": <optional-ibc-channel>}}' \
    --from <your-address> --chain-id "osmosis-1" \
    --gas=auto --gas-prices=0.04uosmo --gas-adjustment=1.5 \
    --node https://rpc.osmosis.zone:443

The message takes the following parameters:

• amount - The funds to withdraw
• receiver - Address of the account that will receive the funds
• chain-id - An optional IBC channel that should be used in case the receiver is an account of another chain

Swap funds

This allows the trader account to swap the assets in the treasury balance to other assets.

This can be performed leveraging those Osmosis messages:

• MsgSwapExactAmountIn
• MsgSwapExactAmountOut

MsgSwapExactAmountIn

To perform a swap using the MsgSwapExactAmountIn you have to use the following command:

osmosisd tx wasm execute <contract-address> '{"swap_exact_amount_in": {"routes": [<swap-route>], "token_in": <coin>, "token_out_min_amount": "<amount>"}}' \
    --from <your-address> --chain-id "osmosis-1" \
    --gas=auto --gas-prices=0.04uosmo --gas-adjustment=1.5 \
    --node https://rpc.osmosis.zone:443

The message takes the following parameters:

• routes - The swap route that will be used to swap the token_in
• token_in - The asset to swap
• token_out_min_amount - The minimum amount of the token to receive after the swap

MsgSwapExactAmountOut

To perform a swap using the MsgSwapExactAmountOut you have to use the following command:

osmosisd tx wasm execute <contract-address> '{"swap_exact_amount_out": {"routes": [<swap-route>], "token_out": <coin>, "token_in_max_amount": "<amount>"}}' \
    --from <your-address> --chain-id "osmosis-1" \
    --gas=auto --gas-prices=0.04uosmo --gas-adjustment=1.5 \
    --node https://rpc.osmosis.zone:443

The message takes the following parameters:

• routes - The swap route to be used to receive the token_out.
• token_out - The asset we want to receive.
• token_in_max_amount - The maximum amount we are willing to spend to receive the token_out.

Update config

To update the config of the contract you have to use the following command:

osmosisd tx wasm execute <contract-address> '{"update_config": {"trader": "<trader-addr>", "allowed_swap_routes": [<swap-route>]}}' \
    --from <your-address> --chain-id "osmosis-1" \
    --gas=auto --gas-prices=0.04uosmo --gas-adjustment=1.5 \
    --node https://rpc.osmosis.zone:443

The message takes the following parameters:

• trader - Optional address of the trader account, if not provided the trader account will not be updated.
• allowed_swap_routes - Optional list of swap routes that the trader is allowed to use, if not provided the allowed swap routes will not be updated.

Note: This message can only be executed by the admin

Transfer the contract admin role

To update the contract admin you have to use the following command:

osmosisd tx wasm execute <contract-address> '{"transfer_ownership": {"new_owner": "<new-owner-addr>"}}' \
    --from <your-address> --chain-id "osmosis-1" \
    --gas=auto --gas-prices=0.04uosmo --gas-adjustment=1.5 \
    --node https://rpc.osmosis.zone:443

The message takes the following parameters:

• new_owner - The new owner address

Note: This message can only be executed by the admin

Accept the contract admin role

To accept the contract admin role you have to use the following command:

osmosisd tx wasm execute <contract-address> '{"accept_ownership": {}}' \
    --from <your-address> --chain-id "osmosis-1" \
    --gas=auto --gas-prices=0.04uosmo --gas-adjustment=1.5 \
    --node https://rpc.osmosis.zone:443

Cancel admin transfer

To cancel the admin transfer you have to use the following command:

osmosisd tx wasm execute <contract-address> '{"revoke_ownership_transfer": {}}' \
    --from <your-address> --chain-id "osmosis-1" \
    --gas=auto --gas-prices=0.04uosmo --gas-adjustment=1.5 \
    --node https://rpc.osmosis.zone:443

Note: This message can only be executed by the admin

Query

Here are listed the data that can be queried from the contract

Config

To query the config of the contract you have to use the following command:

osmosisd query wasm contract-state smart <contract-address> '{"config": {}}' \
    --node https://rpc.osmosis.zone:443