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UXDProgram (Solana)
  • 💾Welcome
    • Purpose and philosophy
    • Testing
    • Audits
  • 📚Useful Informations
    • Glossary
      • 🪙Depository
      • 🪙Controller
      • 📘CPI
    • ✨Visualisations
  • On-chain Accounts
    • Controller
    • MercurialVaultDepository
    • IdentityDepository
  • Instructions
    • 🟢initialize_controller
    • 🔐register_mercurial_vault_depository
    • 🔐initialize_identity_depository
    • 🔐edit_controller
    • 🔐edit_identity_depository
    • 🔐edit_mercurial_vault_depository
    • 🟢mint_with_identity_depository
    • 🟢redeem_from_identity_depository
    • mercurial
      • 🟢mint_with_mercurial_vault_depository
      • 🟢redeem_from_mercurial_vault_depository
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  • Flow
  • Parameters
  • Accounts in

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  1. Instructions
  2. mercurial

mint_with_mercurial_vault_depository

Permissionless - Callable for collateral amount input larger than 0 and below global cap and depository cap when minting is enabled

Flow

  • Checks

    • Anchor IDL accounts checks

    • Validates: non-zero collateral_amount

    • Validates: mint_disabled is false for the depository

  • Handler

    • Calculates the possible precision loss on transferred LP token amounts

    • Deposits collateral_amount from user collateral's ATA to mercurial token vault in return for the LP tokens through CPI: mercurial_vault::cpi::deposit

    • Calculates the LP token minted by comparing the balance change of depository_lp_token_vault

    • Checks if the LP token minted is not below the collateral_amount considering the possible precision loss, abort with slippage error otherwise

    • Calculates the total mint fee based on the amount of the LP token minted

    • Checks if the redeemable amount (same as the LP token minted) after deducting the mint fee is positive

    • Mint the redeemable amount (less fee) of redeemable_mint to the user

    • Updates the accounting in both depository and controller

Parameters

collateral_amount the amount of collateral to be processed through minting

Accounts in

programs/uxd/src/instructions/mercurial/mango_dex/mint_with_mercurial_vault_depository.rs
// ...

/// Takes 20 accounts
#[derive(Accounts)]
pub struct MintWithMangoDepository<'info> {
    /// #1 Public call accessible to any user
    pub user: Signer<'info>,

    /// #2
    #[account(mut)]
    pub payer: Signer<'info>,

    /// #3 The top level UXDProgram on chain account managing the redeemable mint
    #[account(
        mut,
        seeds = [CONTROLLER_NAMESPACE],
        bump = controller.load()?.bump,
        constraint = controller.load()?.registered_mango_depositories.contains(&depository.key()) @UxdError::InvalidDepository,
        has_one = redeemable_mint @UxdError::InvalidRedeemableMint
    )]
    pub controller: AccountLoader<'info, Controller>,

    /// #4 UXDProgram on chain account bound to a Controller instance.
    /// The `MangoDepository` manages a MangoAccount for a single Collateral.
    #[account(
        mut,
        seeds = [MANGO_DEPOSITORY_NAMESPACE, depository.load()?.collateral_mint.as_ref()],
        bump = depository.load()?.bump,
        has_one = controller @UxdError::InvalidController,
        has_one = mango_account @UxdError::InvalidMangoAccount,
    )]
    pub depository: AccountLoader<'info, MangoDepository>,

    /// #5 The redeemable mint managed by the `controller` instance
    /// Tokens will be minted during this instruction
    #[account(
        mut,
        seeds = [REDEEMABLE_MINT_NAMESPACE],
        bump = controller.load()?.redeemable_mint_bump,
    )]
    pub redeemable_mint: Box<Account<'info, Mint>>,

    /// #6 The `user`'s TA for the `depository` `collateral_mint`
    /// Will be debited during this instruction
    #[account(
        mut,
        constraint = user_collateral.mint == depository.load()?.collateral_mint @UxdError::InvalidCollateralMint,
        constraint = &user_collateral.owner == user.key @UxdError::InvalidOwner,
    )]
    pub user_collateral: Box<Account<'info, TokenAccount>>,

    /// #7 The `user`'s TA for the `controller`'s `redeemable_mint`
    /// Will be credited during this instruction
    #[account(
        mut,
        constraint = user_redeemable.mint == controller.load()?.redeemable_mint @UxdError::InvalidRedeemableMint,
        constraint = &user_redeemable.owner == user.key @UxdError::InvalidOwner,
    )]
    pub user_redeemable: Box<Account<'info, TokenAccount>>,

    /// #8 The MangoMarkets Account (MangoAccount) managed by the `depository`
    /// CHECK : Seeds checked. Depository registered
    #[account(
        mut,
        seeds = [MANGO_ACCOUNT_NAMESPACE, depository.load()?.collateral_mint.as_ref()],
        bump = depository.load()?.mango_account_bump,
    )]
    pub mango_account: AccountInfo<'info>,

    /// #9 [MangoMarkets CPI] Index grouping perp and spot markets
    /// CHECK: Mango CPI - checked MangoMarketV3 side
    pub mango_group: UncheckedAccount<'info>,

    /// #10 [MangoMarkets CPI] Cache
    /// CHECK: Mango CPI - checked MangoMarketV3 side
    #[account(mut)]
    pub mango_cache: UncheckedAccount<'info>,

    /// #11 [MangoMarkets CPI] Root Bank for the `depository`'s `collateral_mint`
    /// CHECK: Mango CPI - checked MangoMarketV3 side
    #[account(mut)]
    pub mango_root_bank: UncheckedAccount<'info>,

    /// #12 [MangoMarkets CPI] Node Bank for the `depository`'s `collateral_mint`
    /// CHECK: Mango CPI - checked MangoMarketV3 side
    #[account(mut)]
    pub mango_node_bank: UncheckedAccount<'info>,

    /// #13 [MangoMarkets CPI] Vault for the `depository`'s `collateral_mint`
    /// CHECK: Mango CPI - checked MangoMarketV3 side
    #[account(mut)]
    pub mango_vault: UncheckedAccount<'info>,

    /// #14 [MangoMarkets CPI] `depository`'s `collateral_mint` perp market
    /// CHECK: Mango CPI - checked MangoMarketV3 side
    #[account(mut)]
    pub mango_perp_market: UncheckedAccount<'info>,

    /// #15 [MangoMarkets CPI] `depository`'s `collateral_mint` perp market orderbook bids
    /// CHECK: Mango CPI - checked MangoMarketV3 side
    #[account(mut)]
    pub mango_bids: UncheckedAccount<'info>,

    /// #16 [MangoMarkets CPI] `depository`'s `collateral_mint` perp market orderbook asks
    /// CHECK: Mango CPI - checked MangoMarketV3 side
    #[account(mut)]
    pub mango_asks: UncheckedAccount<'info>,

    /// #17 [MangoMarkets CPI] `depository`'s `collateral_mint` perp market event queue
    /// CHECK: Mango CPI - checked MangoMarketV3 side
    #[account(mut)]
    pub mango_event_queue: UncheckedAccount<'info>,

    /// #18 System Program
    pub system_program: Program<'info, System>,

    /// #19 Token Program
    pub token_program: Program<'info, Token>,

    /// #20 MangoMarketv3 Program
    pub mango_program: Program<'info, MangoMarketV3>,
}

// ...
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