Ticks

Overview of how Ticks work on Duality
Ticks are the fundamental unit of accounting within the dex. Each tick is an integer between 352437 and -352437. All tradeable liquidity, in the form of either `PoolReserves` or `LimitOrderTranche`s is stored at a specific tick.  The price of liquidity being stored at tick is determined by the function:
p(i)=1.0001ip(i) = 1.0001^{i}p(i)=1.0001i
Some examples:
Price of tick 0:0:0:
 p(0)=1.00010=1p(0) = 1.0001^0 = 1p(0)=1.00010=1
​
Price of tick 111
: p(−4000)=1.00014000≈1.4917p(-4000) = 1.0001^{4000} \approx 1.4917p(−4000)=1.00014000≈1.4917
​
Price of tick 2: ​p(−4000)=1.0001−4000≈0.6703p(-4000) = 1.0001^{-4000} \approx 0.6703p(−4000)=1.0001−4000≈0.6703
​


More specifically price refers to the rate at which Token1 can be converted to Token0. Logically, the converse rate for converting Token0 to Token1 can be expressed as:
price0To1(i)=1/1.0001iprice0To1(i) =  1/1.0001^{i}price0To1(i)=1/1.0001i
Liquidity Pools
TickLiquidity
Last modified 4mo ago