tornado-pool-factory/README.md

# Tornado Instances Factory

## About

This repository contains:

1. `InstanceFactory` - instance factory for the creation new Tornado ERC20 pools
2. `InstanceFactoryWithRegistry` - governance proposal factory for the addition of new Tornado ERC20 instances to the Tornado router

### InstanceFactory

Anyone can create a new ERC20 instance by calling `createInstanceClone` method of the factory with parameters:

1. `address token` - address of ERC20 token for a new instance
2. `uint256 denomination` - denomination for new instance (tokens can only be deposited in certain denominations into instances)

### InstanceFactoryWithRegistry

Anyone can create governance proposal for the addition of a new ERC20 instance by calling `createProposalApprove/createProposalPermit` method of the factory with parameters (proposal creation fee in TORN is charged from sender):

1. `address token` - address of ERC20 token for a new instance
2. `uint24 uniswapPoolSwappingFee` - fee value of Uniswap instance which will be used for `TORN/token` price determination. `3000` means 0.3% fee Uniswap pool.
3. `uint256[] denominations` - list of denominations for each new instance (tokens can only be deposited in certain denominations into instances).
4. `uint32[] protocolFees` - list of protocol fees for each new instance (this fee is only charged from registrated relayer during withdrawal process). `100` means 1% of instance denomination fee for withdrawal throw registrated relayer.

## Factory parameters

### InstanceFactoryWithRegistry

1. `max number of new instances in one proposal` - the current version supports the addition of a maximum of 4 instances at once.
2. `proposal creation fee` - this fee is charged from creator of proposal during `createProposalApprove/createProposalPermit` factory method execution. It can be changed by governance. Default value is stored in `config.js`.
3. `TWAPSlotsMin` - minimum number of TWAP slots for Uniswap pool that is chosen during `createProposalApprove/createProposalPermit` factory method call. It can be changed by governance. Default value is stored in `config.js`.

## Warnings

1. This version of the factory creates a proposal for **immutable** Tornado instance initialization.
2. For `InstanceFactoryWithRegistry` users should manually propose a proposal after its creation using the factory (in governance UI for example). As `propose()` method caller must have 1000 TORN locked in the governance. Moreover, the proposer can't propose more than one proposal simultaneously.

## Tests

Setting up the repository:

```bash
    yarn
    cp .env.example .env
```

Please fill out .env according to the template provided in it. Please ensure that all of the example values are set to the correct addresses.

To run test scripts:

```bash
    yarn test
```

Test scripts cover instance factory deployment, proposal deployment and executing proposal.

## Deploy

Check config.js for actual values.

With `salt` = `0x0000000000000000000000000000000000000000000000000000000047941987` address must be:

1. `MultipleInstanceFactory` - `0x8a1BCFc608DdF6c4715277a24310B9E8ecc4c110`
2. `MultipleInstanceFactory proxy` - `0x0F9AE1d1ABbDd441B813ada0B038df130b2a6A86`
3. `InstanceFactoryWithRegistry` - `0x557fB18B66088728Ea975136de46714983aa4f2E`
4. `InstanceFactoryWithRegistry proxy` - `0x4D1b1c294dA4D14aC0e0Eed7BcD4Db3fe2bDe4C3`

Check addresses with current config:

```shell
    yarn compile
    node -e 'require("./src/generateAddresses").generateWithLog()'
```

Deploy MultipleInstanceFactory:

```shell
    yarn hardhat run scripts/deployMultipleInstanceFactory.js --network mainnet
```

Deploy InstanceFactoryWithRegistry:

```shell
    yarn hardhat run scripts/deployInstanceFactoryWithRegistry.js --network mainnet
```

Verify InstanceFactory on Etherscan:

```
    yarn hardhat verify --network <network-name> <contract-address> <constructor-arguments>
```