feat: set the auto slippage tolerance by the dollar value of gas

src/hooks/useGasPrice.ts

@@ -0,0 +1,26 @@
+import JSBI from 'jsbi'
+
+import { useSingleCallResult } from '../state/multicall/hooks'
+import { useContract } from './useContract'
+import useENSAddress from './useENSAddress'
+
+const CHAIN_DATA_ABI = [
+  {
+    inputs: [],
+    name: 'latestAnswer',
+    outputs: [{ internalType: 'int256', name: '', type: 'int256' }],
+    stateMutability: 'view',
+    type: 'function',
+  },
+]
+
+/**
+ * Returns the price of 1 gas in WEI for the currently selected network using the chainlink fast gas price oracle
+ */
+export default function useGasPrice(): JSBI | undefined {
+  const { address } = useENSAddress('fast-gas-gwei.data.eth')
+  const contract = useContract(address ?? undefined, CHAIN_DATA_ABI, false)
+
+  const resultStr = useSingleCallResult(contract, 'latestAnswer').result?.[0]?.toString()
+  return typeof resultStr === 'string' ? JSBI.BigInt(resultStr) : undefined
+}

src/hooks/useSwapSlippageTolerance.ts

@@ -1,25 +1,71 @@
-import { Currency, Percent, TradeType } from '@uniswap/sdk-core'
+import { Currency, CurrencyAmount, Percent, TradeType } from '@uniswap/sdk-core'
 import { Trade as V2Trade } from '@uniswap/v2-sdk'
 import { Trade as V3Trade } from '@uniswap/v3-sdk'
 import { L2_CHAIN_IDS } from 'constants/chains'
+import JSBI from 'jsbi'
 import { useMemo } from 'react'
 
 import { useUserSlippageToleranceWithDefault } from '../state/user/hooks'
+import { useCurrency } from './Tokens'
+import useGasPrice from './useGasPrice'
+import useUSDCPrice, { useUSDCValue } from './useUSDCPrice'
 import { useActiveWeb3React } from './web3'
 
 const V2_SWAP_DEFAULT_SLIPPAGE = new Percent(50, 10_000) // .50%
 const V3_SWAP_DEFAULT_SLIPPAGE = new Percent(50, 10_000) // .50%
 const ONE_TENTHS_PERCENT = new Percent(10, 10_000) // .10%
 
+/**
+ * Return a guess of the gas cost used in computing slippage tolerance for a given trade
+ * @param trade the trade for which to _guess_ the amount of gas it would cost to execute
+ */
+function guesstimateGas(
+  trade: V2Trade<Currency, Currency, TradeType> | V3Trade<Currency, Currency, TradeType> | undefined
+): number | undefined {
+  if (trade instanceof V2Trade) {
+    return 90_000 + trade.route.pairs.length * 30_000
+  } else if (trade instanceof V3Trade) {
+    return 100_000 + trade.swaps.reduce((memo, swap) => swap.route.pools.length + memo, 0) * 30_000
+  }
+  return undefined
+}
+
+const MIN_AUTO_SLIPPAGE_TOLERANCE = new Percent(5, 1000) // 0.5%
+const MAX_AUTO_SLIPPAGE_TOLERANCE = new Percent(25, 100) // 25%
+
 export default function useSwapSlippageTolerance(
   trade: V2Trade<Currency, Currency, TradeType> | V3Trade<Currency, Currency, TradeType> | undefined
 ): Percent {
   const { chainId } = useActiveWeb3React()
   const onL2 = chainId && L2_CHAIN_IDS.includes(chainId)
+  const outputDollarValue = useUSDCValue(trade?.outputAmount)
+  const ethGasPrice = useGasPrice()
+
+  const gasEstimate = guesstimateGas(trade)
+  const ether = useCurrency('ETH')
+  const etherPrice = useUSDCPrice(ether ?? undefined)
+
   const defaultSlippageTolerance = useMemo(() => {
     if (!trade || onL2) return ONE_TENTHS_PERCENT
+
+    const ethGasCost =
+      ethGasPrice && typeof gasEstimate === 'number' ? JSBI.multiply(ethGasPrice, JSBI.BigInt(gasEstimate)) : undefined
+    const dollarGasCost =
+      ether && ethGasCost && etherPrice ? etherPrice.quote(CurrencyAmount.fromRawAmount(ether, ethGasCost)) : undefined
+
+    if (outputDollarValue && dollarGasCost) {
+      // the rationale is that a user will not want their trade to fail for a loss due to slippage that is less than
+      // the cost of the gas of the failed transaction
+      const fraction = dollarGasCost.asFraction.divide(outputDollarValue.asFraction)
+      const result = new Percent(fraction.numerator, fraction.denominator)
+      if (result.greaterThan(MAX_AUTO_SLIPPAGE_TOLERANCE)) return MAX_AUTO_SLIPPAGE_TOLERANCE
+      if (result.lessThan(MIN_AUTO_SLIPPAGE_TOLERANCE)) return MIN_AUTO_SLIPPAGE_TOLERANCE
+      return result
+    }
+
     if (trade instanceof V2Trade) return V2_SWAP_DEFAULT_SLIPPAGE
     return V3_SWAP_DEFAULT_SLIPPAGE
-  }, [onL2, trade])
+  }, [ethGasPrice, ether, etherPrice, gasEstimate, onL2, outputDollarValue, trade])
+
   return useUserSlippageToleranceWithDefault(defaultSlippageTolerance)
 }