Getting a Quote
This guide will cover how to get the current quotes for any token pair on the Uniswap protocol. It is based on the Quoting code example, found in the Uniswap code examples repository. To run this example, check out the examples's README and follow the setup instructions.
If you need a briefer on the SDK and to learn more about how these guides connect to the examples repository, please visit our background page!
In this example we will use
quoteExactInputSingle to get a quote for the pair USDC - WETH.
The inputs are the token in, the token out, the amount in and the fee.
The fee input parameters represents the swap fee that distributed to all in range liquidity at the time of the swap. It is one of the identifiers of a Pool, the others being tokenIn and tokenOut.
The guide will cover:
- Computing the Pool's deployment address
- Referencing the Pool contract and fetching metadata
- Referencing the Quoter contract and getting a quote
At the end of the guide, we should be able to fetch a quote for the given input token pair and the input token amount with the press of a button on the web application.
For this guide, the following Uniswap packages are used:
The core code of this guide can be found in
Computing the Pool's deployment address
To interact with the USDC - WETH Pool contract, we first need to compute its deployment address. The SDK provides a utility method for that:
Since each Uniswap V3 Pool is uniquely identified by 3 characteristics (token in, token out, fee), we use those in combination with the address of the PoolFactory contract to compute the address of the USDC - ETH Pool. These parameters have already been defined in our configuration file:
Referencing the Pool contract and fetching metadata
Now that we have the deployment address of the USDC - ETH Pool, we can construct an instance of an ethers
Contract to interact with it:
To construct the Contract we need to provide the address of the contract, its ABI and the provider that will carry out the RPC call for us. We get access to the contract's ABI through the @uniswap/v3-core package, which holds the core smart contracts of the Uniswap V3 protocol:
Having constructed our reference to the contract, we can now access its methods through our provider.
We use a batch
Promise call. This approach queries state data concurrently, rather than sequentially, to avoid out of sync data that may be returned if sequential queries are executed over the span of two blocks:
The return values of these methods will become inputs to the quote fetching function.
In this example, the metadata we fetch is already present in our inputs. This guide fetches this information first in order to show how to fetch any metadata, which will be expanded on in future guides.
Referencing the Quoter contract and getting a quote
Like we did for the Pool contract, we need to construct an instance of an ethers
Contract for our Quoter contract in order to interact with it:
We get access to the contract's ABI through the @uniswap/v3-periphery package, which holds the periphery smart contracts of the Uniswap V3 protocol:
We can now use our Quoter contract to obtain the quote.
In an ideal world, the quoter functions would be
view functions, which would make them very easy to query on-chain with minimal gas costs. However, the Uniswap V3 Quoter contracts rely on state-changing calls designed to be reverted to return the desired data. This means calling the quoter will be very expensive and should not be called on-chain.
To get around this difficulty, we can use the
callStatic method provided by the ethers.js
This is a useful method that submits a state-changing transaction to an Ethereum node, but asks the node to simulate the state change, rather than to execute it. Our script can then return the result of the simulated state change:
The result of the call is the number of output tokens you'd receive for the quoted swap.
It should be noted that
quoteExactInputSingle is only 1 of 4 different methods that the quoter offers:
quoteExactInputSingle- given the amount you want to swap, produces a quote for the amount out for a swap of a single pool
quoteExactInput- given the amount you want to swap, produces a quote for the amount out for a swap over multiple pools
quoteExactOutputSingle- given the amount you want to get out, produces a quote for the amount in for a swap over a single pool
quoteExactOutput- given the amount you want to get out, produces a quote for the amount in for a swap over multiple pools
Now that you're able to make a quote, check out our next guide on trading using this quote!