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Deposit Fee Spec
trianglesphere 0f0f03b
Update guaranteed-gas-market.md
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Merge branch 'develop' into jg/deposit_fee_spec
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| # Guaranteed Gas Fee Market | ||
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| <!-- START doctoc generated TOC please keep comment here to allow auto update --> | ||
| <!-- DON'T EDIT THIS SECTION, INSTEAD RE-RUN doctoc TO UPDATE --> | ||
| **Table of Contents** | ||
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| - [Gas Stipend](#gas-stipend) | ||
| - [Limiting Guaranteed Gas](#limiting-guaranteed-gas) | ||
| - [Rationale for burning L1 Gas](#rationale-for-burning-l1-gas) | ||
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| <!-- END doctoc generated TOC please keep comment here to allow auto update --> | ||
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| [Deposited transaction](./glossary.md#deposited-transaction) are transactions on L2 that are | ||
| initiated on L1. The gas that they use on L2 is bought on L1 via a gas burn or a direct payment. We | ||
| maintain a fee market and hard cap on the amount of gas provided to all deposits in a single L1 | ||
| block. | ||
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| The gas provided to deposited transactions is sometimes called "guaranteed gas". The gas provided to | ||
| deposited transactions is unique in the regard that it is not refundable. It cannot be refunded as | ||
| it is sometimes paid for with a gas burn and there may not be any ETH left to refund. | ||
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| The **guaranteed gas** is composed of a gas stipend, and of any guaranteed gas the user would like | ||
| to purchase (on L1) on top of that. | ||
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| Guaranteed gas on L2 is bought in the following manner. An L2 gas price is calculated via an | ||
| EIP-1559-style algorithm. The total amount of ETH required to buy that gas is then calculated as | ||
| (`guaranteed gas * L2 deposit basefee`). The contract then accepts that amount of ETH (in a future | ||
| upgrade) or (only method right now), burns an amount of L1 gas that corresponds to the L2 cost | ||
| (`L2 cost / L1 Basefee`). The L2 gas price for guaranteed gas is not synchronized with the basefee | ||
| on L2 and will likely be different. | ||
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| ## Gas Stipend | ||
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| To offset the gas spent on the deposit event, we credit `gas spent * L1 basefee` ETH to the cost of | ||
| the L2 gas, where `gas spent` is the amount of L1 gas spent processing the deposit. If the ETH value | ||
| of this credit is greater than the ETH value of the requested guaranteed gas | ||
| (`requested guaranteed gas * L2 gas price`), no L1 gas is burnt. | ||
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| ## Limiting Guaranteed Gas | ||
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| The total amount of guaranteed gas that can be bought in a single L1 block must be limited to | ||
| prevent a denial of service attack against L2 as well as ensure the total amount of guaranteed gas | ||
| stays below the L2 block gas limit. | ||
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| We set a guaranteed gas limit of 8,000,000 gas per L1 block and a target of 2,000,000 gas per L1 | ||
| block. These numbers enabled occasional large transactions while staying within our target and | ||
| maximum gas usage on L2. | ||
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| Because the amount of guaranteed L2 gas that can be purchased in a single block is now limited, | ||
| we implement an EIP-1559-style fee market to reduce congestion on deposits. By setting the limit | ||
| at a multiple of the target, we enable deposits to temporarily use more L2 gas at a greater cost. | ||
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| ```python | ||
| # Pseudocode to update the L2 Deposit Basefee and cap the amount of guaranteed gas | ||
| # bought in a block. Calling code must handle the gas burn and validity checks on | ||
| # the ability of the account to afford this gas. | ||
| BASE_FEE_MAX_CHANGE_DENOMINATOR = 8 | ||
| ELASTICITY_MULTIPLIER = 4 | ||
| MAX_RESOURCE_LIMIT = 8,000,000 | ||
| TARGET_RESOURCE_LIMIT = MAX_RESOURCE_LIMIT / ELASTICITY_MULTIPLIER | ||
| MINIMUM_BASEFEE=10000 | ||
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| # prev_basefee is a u128, prev_bought_gas and prev_num are u64s | ||
| prev_basefee, prev_bought_gas, prev_num = <values from previous update> | ||
| now_num = block.number | ||
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| # Clamp the full basefee to a specific range. The minimum value in the range should be around 100-1000 | ||
| # to enable faster responses in the basefee. This replaces the `max` mechanism in the ethereum 1559 | ||
| # implementation (it also serves to enable the basefee to increase if it is very small). | ||
| def clamp(v: i256, min: u128, max: u128) -> u128: | ||
| if v < i256(min): | ||
| return min | ||
| elif v > i256(max): | ||
| return max | ||
| else: | ||
| return u128(v) | ||
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| # If this is a new block, update the basefee and reset the total gas | ||
| # If not, just update the total gas | ||
| if prev_num == now_num: | ||
| now_basefee = prev_basefee | ||
| now_bought_gas = prev_bought_gas + requested_gas | ||
| elif prev_num != now_num : | ||
| # Width extension and conversion to signed integer math | ||
| gas_used_delta = int128(prev_bought_gas) - int128(TARGET_RESOURCE_LIMIT) | ||
| # Use truncating (round to 0) division - solidity's default. | ||
| # Sign extend gas_used_delta & prev_basefee to 256 bits to avoid overflows here. | ||
| base_fee_per_gas_delta = prev_basefee * gas_used_delta / TARGET_RESOURCE_LIMIT / BASE_FEE_MAX_CHANGE_DENOMINATOR | ||
| now_basefee_wide = prev_basefee + base_fee_per_gas_delta | ||
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| now_basefee = clamp(now_basefee_wide, min=MINIMUM_BASEFEE, max=UINT_64_MAX_VALUE) | ||
| now_bought_gas = requested_gas | ||
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| # If we skipped multiple blocks between the previous block and now update the basefee again. | ||
| # This is not exactly the same as iterating the above function, but quite close for reasonable | ||
| # gas target values. It is also constant time wrt the number of missed blocks which is important | ||
| # for keeping gas usage stable. | ||
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| if prev_num + 1 < now_num: | ||
| n = now_num - prev_num - 1 | ||
| # Apply 7/8 reduction to prev_basefee for the n empty blocks in a row. | ||
| now_basefee_wide = prev_basefee * pow(1-(1/BASE_FEE_MAX_CHANGE_DENOMINATOR), n) | ||
| now_basefee = clamp(now_basefee_wide, min=MINIMUM_BASEFEE, max=UINT_64_MAX_VALUE) | ||
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| require(now_bought_gas < MAX_RESOURCE_LIMIT) | ||
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| store_values(now_basefee, now_bought_gas, now_num) | ||
| ``` | ||
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| ## Rationale for burning L1 Gas | ||
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| If we collect ETH directly to pay for L2 gas, every (indirect) caller of the deposit function will need | ||
| to be marked with the payable selector. This won't be possible for many existing projects. Unfortunately | ||
| this is quite wasteful. As such, we will provide two options to buy L2 gas: | ||
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| 1. Burn L1 Gas | ||
| 2. Send ETH to the Optimism Portal (Not yet supported) | ||
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| The payable version (Option 2) will likely have discount applied to it (or conversely, #1 has a | ||
| premium applied to it). | ||
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| For the initial release of bedrock, only #1 is supported. | ||
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