Creating a Sub-Account

Creating a Sub-Account for Trading

In order to place trades using a SYMM frontend solution or otherwise, it's necessary to create a sub-account using a MultiAccount contract that is whitelisted to interact with the hedger. All MultiAccount contract addresses are listed in the table below:

Project Name

Version

Hedger State

Chain

SYMMIO Address

Collateral Address

MultiAccount Address

PartyBAddress

PartyB API Address

Main Subgraph

Analytics Subgraph

Parties Subgraph

Funding Rate Subgraph

Events Subgraph

Muon

Core

0.8.2

Active

Blast

0x3d17f073cCb9c3764F105550B0BCF9550477D266

0x4300000000000000000000000000000000000003

0xd6ee1fd75d11989e57B57AA6Fd75f558fBf02a5e

0xECbd0788bB5a72f9dFDAc1FFeAAF9B7c2B26E456

blast-hedger.rasa.capital

IntentX (Blast)

0.8.2

Active

Blast

0x3d17f073cCb9c3764F105550B0BCF9550477D266

0x4300000000000000000000000000000000000003

0x083267D20Dbe6C2b0A83Bd0E601dC2299eD99015

0xECbd0788bB5a72f9dFDAc1FFeAAF9B7c2B26E456

blast-hedger.rasa.capital

Thena V3

0.8.2

Active

BNB

0x9A9F48888600FC9c05f11E03Eab575EBB2Fc2c8f

0x55d398326f99059ff775485246999027b3197955

0x650a2D6C263A93cFF5EdD41f836ce832F05A1cF3

0x9fa01a45E245015fA685F21763e60C60832Ed2D6

IntentX

0.8.2

Active

Base

0x91Cf2D8Ed503EC52768999aA6D8DBeA6e52dbe43

0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913

0x8Ab178C07184ffD44F0ADfF4eA2ce6cFc33F3b86

0x9206D9d8F7F1B212A4183827D20De32AF3A23c59

Based

0.8.2

Active

Base

0x91Cf2D8Ed503EC52768999aA6D8DBeA6e52dbe43

0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913

0x1c03B6480a4efC2d4123ba90d7857f0e1878B780

0x9206D9d8F7F1B212A4183827D20De32AF3A23c59

base-hedger82.rasa.capital

CloverField (Polygon)

0.8.3

Pending

Polygon

0x976c87Cd3eB2DE462Db249cCA711E4C89154537b

0x50E88C692B137B8a51b6017026Ef414651e0d5ba

0xffE2C25404525D2D4351D75177B92F18D9DaF4Af

0x5044238ea045585C704dC2C6387D66d29eD56648

polygon-hedger-test.rasa.capital

Users are required to provide a name an input parameter when they create a sub-account. All positions on a sub-account are in CROSS, but positions between sub-accounts are ISOLATED. If you're creating a bot that hedges against the impermanent loss an LP might incur, it could be useful to create a sub-account for each hedged position.

First, we'll define our environment-dependent variables in a .env file like so:

WALLET_PRIVATE_KEY=
WALLET_ADDRESS=
PROVIDER_URL=
MUON_URL=

The PROVIDER_URL field should contain the Ankr RPC URL and the appropriate MUON_URL can be found here.

First we'll define the contract that we want to interact with using Web3. In this case it's the MultiAccount contract. We create a new web3 Contract with the ABI provided in the /abi directory and the multiAccountAddress. We'll also use our WALLET_PRIVATE_KEY defined in the environment to set up our web3 account.

require('dotenv').config();
const config = require('./symmconfig'); //using a separate config file for contract addresses
const { Web3 } = require('web3');
const { multiAccountABI } = require('./abi/MultiAccount');

const web3 = new Web3(new Web3.providers.HttpProvider(process.env.PROVIDER_URL));

const multiAccountAddress = config.MULTI_ACCOUNT_ADDRESS;
const multiAccount = new web3.eth.Contract(multiAccountABI, multiAccountAddress);

const account = web3.eth.accounts.privateKeyToAccount(process.env.WALLET_PRIVATE_KEY);
web3.eth.accounts.wallet.add(account);

Adding a Sub-Account

The addAccount() function takes one parameter, the accountName, here we are simply calling the function on the MultiAccount contract and logging information related to the transaction.

async function addAccount(accountName) {
  if (!accountName) {
    console.error("Account name is not provided.");
    return;
  }

  try {
  //Gas Estimates
    const currentGasPrice = await web3.eth.getGasPrice();
    const increasedGasPriceBigInt = BigInt(currentGasPrice) * BigInt(120) / BigInt(100);
    const gasEstimate = await multiAccount.methods.addAccount(accountName).estimateGas({ from: account.address });
    const gasEstimateBigInt = BigInt(gasEstimate);
    const gasLimitWithBuffer = gasEstimateBigInt + (gasEstimateBigInt * BigInt(20) / BigInt(100));

    const receipt = await multiAccount.methods.addAccount(accountName).send({
      from: account.address,
      gas: gasLimitWithBuffer.toString(), 
      gasPrice: increasedGasPriceBigInt.toString()
    });

    console.log("Account Creation Successful. Transaction hash: ", receipt.transactionHash);

    if (receipt.events.AddAccount) {
      const event = receipt.events.AddAccount.returnValues;
      console.log("Account Created. Address: ", event.account);
      return event.account;
    } else {
      console.log("No AddAccount event found.");
    }
  } catch (error) {
    console.error("Failed to add account:", error);
  }
}

This function creates a sub-account and returns the address.

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Last updated 4 months ago