/// @inheritdoc IUniswapV3PoolActions function swap( address recipient, bool zeroForOne, int256 amountSpecified, uint160 sqrtPriceLimitX96, bytes calldata data ) external override noDelegateCall returns (int256 amount0, int256 amount1) { require(amountSpecified != 0, 'AS'); Slot0 memory slot0Start = slot0; require(slot0Start.unlocked, 'LOK'); require( zeroForOne ? sqrtPriceLimitX96 < slot0Start.sqrtPriceX96 && sqrtPriceLimitX96 > TickMath.MIN_SQRT_RATIO : sqrtPriceLimitX96 > slot0Start.sqrtPriceX96 && sqrtPriceLimitX96 < TickMath.MAX_SQRT_RATIO, 'SPL' ); slot0.unlocked = false; SwapCache memory cache = SwapCache({ liquidityStart: liquidity, blockTimestamp: _blockTimestamp(), feeProtocol: zeroForOne ? (slot0Start.feeProtocol % 16) : (slot0Start.feeProtocol >> 4), secondsPerLiquidityCumulativeX128: 0, tickCumulative: 0, computedLatestObservation: false }); bool exactInput = amountSpecified > 0; SwapState memory state = SwapState({ amountSpecifiedRemaining: amountSpecified, amountCalculated: 0, sqrtPriceX96: slot0Start.sqrtPriceX96, tick: slot0Start.tick, feeGrowthGlobalX128: zeroForOne ? feeGrowthGlobal0X128 : feeGrowthGlobal1X128, protocolFee: 0, liquidity: cache.liquidityStart }); // continue swapping as long as we haven't used the entire input/output and haven't reached the price limit while (state.amountSpecifiedRemaining != 0 && state.sqrtPriceX96 != sqrtPriceLimitX96) { StepComputations memory step; step.sqrtPriceStartX96 = state.sqrtPriceX96; (step.tickNext, step.initialized) = tickBitmap.nextInitializedTickWithinOneWord( state.tick, tickSpacing, zeroForOne ); // ensure that we do not overshoot the min/max tick, as the tick bitmap is not aware of these bounds if (step.tickNext < TickMath.MIN_TICK) { step.tickNext = TickMath.MIN_TICK; } else if (step.tickNext > TickMath.MAX_TICK) { step.tickNext = TickMath.MAX_TICK; } // get the price for the next tick step.sqrtPriceNextX96 = TickMath.getSqrtRatioAtTick(step.tickNext); // compute values to swap to the target tick, price limit, or point where input/output amount is exhausted (state.sqrtPriceX96, step.amountIn, step.amountOut, step.feeAmount) = SwapMath.computeSwapStep( state.sqrtPriceX96, (zeroForOne ? step.sqrtPriceNextX96 < sqrtPriceLimitX96 : step.sqrtPriceNextX96 > sqrtPriceLimitX96) ? sqrtPriceLimitX96 : step.sqrtPriceNextX96, state.liquidity, state.amountSpecifiedRemaining, fee ); if (exactInput) { state.amountSpecifiedRemaining -= (step.amountIn + step.feeAmount).toInt256(); state.amountCalculated = state.amountCalculated.sub(step.amountOut.toInt256()); } else { state.amountSpecifiedRemaining += step.amountOut.toInt256(); state.amountCalculated = state.amountCalculated.add((step.amountIn + step.feeAmount).toInt256()); } // if the protocol fee is on, calculate how much is owed, decrement feeAmount, and increment protocolFee if (cache.feeProtocol > 0) { uint256 delta = step.feeAmount / cache.feeProtocol; step.feeAmount -= delta; state.protocolFee += uint128(delta); } // update global fee tracker if (state.liquidity > 0) state.feeGrowthGlobalX128 += FullMath.mulDiv(step.feeAmount, FixedPoint128.Q128, state.liquidity); // shift tick if we reached the next price if (state.sqrtPriceX96 == step.sqrtPriceNextX96) { // if the tick is initialized, run the tick transition if (step.initialized) { // check for the placeholder value, which we replace with the actual value the first time the swap // crosses an initialized tick if (!cache.computedLatestObservation) { (cache.tickCumulative, cache.secondsPerLiquidityCumulativeX128) = observations.observeSingle( cache.blockTimestamp, 0, slot0Start.tick, slot0Start.observationIndex, cache.liquidityStart, slot0Start.observationCardinality ); cache.computedLatestObservation = true; } int128 liquidityNet = ticks.cross( step.tickNext, (zeroForOne ? state.feeGrowthGlobalX128 : feeGrowthGlobal0X128), (zeroForOne ? feeGrowthGlobal1X128 : state.feeGrowthGlobalX128), cache.secondsPerLiquidityCumulativeX128, cache.tickCumulative, cache.blockTimestamp ); // if we're moving leftward, we interpret liquidityNet as the opposite sign // safe because liquidityNet cannot be type(int128).min if (zeroForOne) liquidityNet = -liquidityNet; state.liquidity = LiquidityMath.addDelta(state.liquidity, liquidityNet); } state.tick = zeroForOne ? step.tickNext - 1 : step.tickNext; } else if (state.sqrtPriceX96 != step.sqrtPriceStartX96) { // recompute unless we're on a lower tick boundary (i.e. already transitioned ticks), and haven't moved state.tick = TickMath.getTickAtSqrtRatio(state.sqrtPriceX96); } } // update tick and write an oracle entry if the tick change if (state.tick != slot0Start.tick) { (uint16 observationIndex, uint16 observationCardinality) = observations.write( slot0Start.observationIndex, cache.blockTimestamp, slot0Start.tick, cache.liquidityStart, slot0Start.observationCardinality, slot0Start.observationCardinalityNext ); (slot0.sqrtPriceX96, slot0.tick, slot0.observationIndex, slot0.observationCardinality) = ( state.sqrtPriceX96, state.tick, observationIndex, observationCardinality ); } else { // otherwise just update the price slot0.sqrtPriceX96 = state.sqrtPriceX96; } // update liquidity if it changed if (cache.liquidityStart != state.liquidity) liquidity = state.liquidity; // update fee growth global and, if necessary, protocol fees // overflow is acceptable, protocol has to withdraw before it hits type(uint128).max fees if (zeroForOne) { feeGrowthGlobal0X128 = state.feeGrowthGlobalX128; if (state.protocolFee > 0) protocolFees.token0 += state.protocolFee; } else { feeGrowthGlobal1X128 = state.feeGrowthGlobalX128; if (state.protocolFee > 0) protocolFees.token1 += state.protocolFee; } (amount0, amount1) = zeroForOne == exactInput ? (amountSpecified - state.amountSpecifiedRemaining, state.amountCalculated) : (state.amountCalculated, amountSpecified - state.amountSpecifiedRemaining); // do the transfers and collect payment if (zeroForOne) { if (amount1 < 0) TransferHelper.safeTransfer(token1, recipient, uint256(-amount1)); uint256 balance0Before = balance0(); IUniswapV3SwapCallback(msg.sender).uniswapV3SwapCallback(amount0, amount1, data); require(balance0Before.add(uint256(amount0)) <= balance0(), 'IIA'); } else { if (amount0 < 0) TransferHelper.safeTransfer(token0, recipient, uint256(-amount0)); uint256 balance1Before = balance1(); IUniswapV3SwapCallback(msg.sender).uniswapV3SwapCallback(amount0, amount1, data); require(balance1Before.add(uint256(amount1)) <= balance1(), 'IIA'); } emit Swap(msg.sender, recipient, amount0, amount1, state.sqrtPriceX96, state.liquidity, state.tick); slot0.unlocked = true; }