Add bid wall optionality to launchpad v7

programs/v07_launchpad/src/events.rs

@@ -40,6 +40,7 @@ pub struct LaunchInitializedEvent {
     pub additional_tokens_amount: u64,
     pub additional_tokens_recipient: Option<Pubkey>,
     pub accumulator_activation_delay_seconds: u32,
+    pub has_bid_wall: bool,
 }
 
 #[event]

programs/v07_launchpad/src/instructions/complete_launch.rs

@@ -314,14 +314,21 @@ impl CompleteLaunch<'_> {
         let usdc_to_lp = launch_total_approved_amount.saturating_div(5);
         let usdc_to_dao = launch_total_approved_amount.saturating_sub(usdc_to_lp);
 
-        // We then determine how much USDC to allocate to the DAO treasury, and how much to the DAO's bid wall
-        // In scenarios where the total approved amount is less than 1.25x the minimum raise amount:
-        // - we allocate the entire amount after LP allocation to the DAO treasury
-        // - we don't initialize the bid wall
-        // In all other scenarios, a bid wall is initialized with the remaining USDC after LP and DAO treasury allocation
-        // This is emergent behavior from the design of the launch, as 20% of the total approved amount is allocated to Futarchy AMM liquidity
-        let usdc_to_dao_treasury = usdc_to_dao.min(ctx.accounts.launch.minimum_raise_amount);
-        let usdc_to_bid_wall = usdc_to_dao.saturating_sub(usdc_to_dao_treasury);
+        // We only activate the bid wall if the launch has one configured.
+        // Otherwise, we allocate the entire amount after LP allocation to the DAO treasury.
+        let (usdc_to_dao_treasury, usdc_to_bid_wall) = if ctx.accounts.launch.has_bid_wall {
+            // We determine how much USDC to allocate to the DAO treasury, and how much to the DAO's bid wall
+            // In scenarios where the total approved amount is less than 1.25x the minimum raise amount:
+            // - we allocate the entire amount after LP allocation to the DAO treasury
+            // - we don't initialize the bid wall
+            // In all other scenarios, a bid wall is initialized with the remaining USDC after LP and DAO treasury allocation
+            // This is emergent behavior from the design of the launch, as 20% of the total approved amount is allocated to Futarchy AMM liquidity
+            let usdc_to_dao_treasury = usdc_to_dao.min(ctx.accounts.launch.minimum_raise_amount);
+            let usdc_to_bid_wall = usdc_to_dao.saturating_sub(usdc_to_dao_treasury);
+            (usdc_to_dao_treasury, usdc_to_bid_wall)
+        } else {
+            (usdc_to_dao, 0)
+        };
 
         ctx.accounts.initialize_dao(launch_signer, price_1e12)?;
 

programs/v07_launchpad/src/instructions/initialize_launch.rs

@@ -31,6 +31,7 @@ pub struct InitializeLaunchArgs {
     pub team_address: Pubkey,
     pub additional_tokens_amount: u64,
     pub accumulator_activation_delay_seconds: u32,
+    pub has_bid_wall: bool,
 }
 
 #[event_cpi]
@@ -247,6 +248,7 @@ impl InitializeLaunch<'_> {
             unix_timestamp_completed: None,
             is_performance_package_initialized: false,
             accumulator_activation_delay_seconds: args.accumulator_activation_delay_seconds,
+            has_bid_wall: args.has_bid_wall,
         });
 
         let clock = Clock::get()?;
@@ -275,6 +277,7 @@ impl InitializeLaunch<'_> {
                 .as_ref()
                 .map(|a| a.key()),
             accumulator_activation_delay_seconds: args.accumulator_activation_delay_seconds,
+            has_bid_wall: args.has_bid_wall,
         });
 
         let launch_key = ctx.accounts.launch.key();

programs/v07_launchpad/src/instructions/resize_launch.rs

@@ -66,7 +66,8 @@ impl ResizeLaunch<'_> {
             additional_tokens_claimed: old_data.additional_tokens_claimed,
             unix_timestamp_completed: old_data.unix_timestamp_completed,
             is_performance_package_initialized: old_data.is_performance_package_initialized,
-            accumulator_activation_delay_seconds: 0,
+            accumulator_activation_delay_seconds: old_data.accumulator_activation_delay_seconds,
+            has_bid_wall: false,
         };
 
         launch.realloc(AFTER_REALLOC_SIZE, true)?;

programs/v07_launchpad/src/state/launch.rs

@@ -88,6 +88,8 @@ pub struct Launch {
     /// Number of seconds after launch start before the funding accumulator
     /// begins tracking.
     pub accumulator_activation_delay_seconds: u32,
+    /// Whether the launch has a bid wall.
+    pub has_bid_wall: bool,
 }
 
 #[account]
@@ -152,6 +154,8 @@ pub struct OldLaunch {
     pub additional_tokens_claimed: bool,
     /// The unix timestamp when the launch was completed.
     pub unix_timestamp_completed: Option<i64>,
-    /// Whether the performance package has been initialized.
     pub is_performance_package_initialized: bool,
+    /// Number of seconds after launch start before the funding accumulator
+    /// begins tracking.
+    pub accumulator_activation_delay_seconds: u32,
 }

sdk/package.json

@@ -1,6 +1,6 @@
 {
   "name": "@metadaoproject/futarchy",
-  "version": "0.7.1-alpha.5",
+  "version": "0.7.2-alpha.0",
   "type": "module",
   "main": "dist/index.js",
   "module": "dist/index.js",

sdk/src/v0.7/LaunchpadClient.ts

@@ -153,6 +153,7 @@ export class LaunchpadClient {
     additionalTokensRecipient,
     additionalTokensAmount,
     accumulatorActivationDelaySeconds = 0,
+    hasBidWall = false,
   }: {
     tokenName: string;
     tokenSymbol: string;
@@ -172,6 +173,7 @@ export class LaunchpadClient {
     additionalTokensRecipient?: PublicKey;
     additionalTokensAmount?: BN;
     accumulatorActivationDelaySeconds?: number;
+    hasBidWall: boolean;
   }) {
     const [launch] = getLaunchAddr(this.launchpad.programId, baseMint);
     const [launchSigner] = getLaunchSignerAddr(
@@ -206,6 +208,7 @@ export class LaunchpadClient {
         teamAddress,
         additionalTokensAmount: additionalTokensAmount ?? new BN(0),
         accumulatorActivationDelaySeconds,
+        hasBidWall,
       })
       .accounts({
         launch,

sdk/src/v0.7/types/launchpad_v7.ts

@@ -1134,6 +1134,11 @@ export type LaunchpadV7 = {
             ];
             type: "u32";
           },
+          {
+            name: "hasBidWall";
+            docs: ["Whether the launch has a bid wall."];
+            type: "bool";
+          },
         ];
       };
     },
@@ -1332,9 +1337,16 @@ export type LaunchpadV7 = {
           },
           {
             name: "isPerformancePackageInitialized";
-            docs: ["Whether the performance package has been initialized."];
             type: "bool";
           },
+          {
+            name: "accumulatorActivationDelaySeconds";
+            docs: [
+              "Number of seconds after launch start before the funding accumulator",
+              "begins tracking.",
+            ];
+            type: "u32";
+          },
         ];
       };
     },
@@ -1419,6 +1431,10 @@ export type LaunchpadV7 = {
             name: "accumulatorActivationDelaySeconds";
             type: "u32";
           },
+          {
+            name: "hasBidWall";
+            type: "bool";
+          },
         ];
       };
     },
@@ -1556,6 +1572,11 @@ export type LaunchpadV7 = {
           type: "u32";
           index: false;
         },
+        {
+          name: "hasBidWall";
+          type: "bool";
+          index: false;
+        },
       ];
     },
     {
@@ -3162,6 +3183,11 @@ export const IDL: LaunchpadV7 = {
             ],
             type: "u32",
           },
+          {
+            name: "hasBidWall",
+            docs: ["Whether the launch has a bid wall."],
+            type: "bool",
+          },
         ],
       },
     },
@@ -3360,9 +3386,16 @@ export const IDL: LaunchpadV7 = {
           },
           {
             name: "isPerformancePackageInitialized",
-            docs: ["Whether the performance package has been initialized."],
             type: "bool",
           },
+          {
+            name: "accumulatorActivationDelaySeconds",
+            docs: [
+              "Number of seconds after launch start before the funding accumulator",
+              "begins tracking.",
+            ],
+            type: "u32",
+          },
         ],
       },
     },
@@ -3447,6 +3480,10 @@ export const IDL: LaunchpadV7 = {
             name: "accumulatorActivationDelaySeconds",
             type: "u32",
           },
+          {
+            name: "hasBidWall",
+            type: "bool",
+          },
         ],
       },
     },
@@ -3584,6 +3621,11 @@ export const IDL: LaunchpadV7 = {
           type: "u32",
           index: false,
         },
+        {
+          name: "hasBidWall",
+          type: "bool",
+          index: false,
+        },
       ],
     },
     {

tests/launchpad_v7/main.test.ts

@@ -66,6 +66,7 @@ export default function suite() {
           monthsUntilInsidersCanUnlock: 24, // 2 years
           teamAddress: PublicKey.default,
           launchAuthority: launchAuthority,
+          hasBidWall: false,
         })
         .rpc();
     };

tests/launchpad_v7/unit/claimAdditionalTokenAllocation.test.ts

@@ -71,6 +71,7 @@ export default function suite() {
         launchAuthority: launchAuthority.publicKey,
         additionalTokensAmount: additionalTokensAmount,
         additionalTokensRecipient: additionalTokensRecipient,
+        hasBidWall: false,
       })
       .rpc();
 
@@ -200,6 +201,7 @@ export default function suite() {
         monthsUntilInsidersCanUnlock: 18,
         teamAddress: PublicKey.default,
         launchAuthority: launchAuthority.publicKey,
+        hasBidWall: false,
       })
       .rpc();
 

tests/launchpad_v7/unit/closeLaunch.test.ts

@@ -167,6 +167,7 @@ export default function suite() {
         monthsUntilInsidersCanUnlock: 18,
         teamAddress: PublicKey.default,
         launchAuthority: launchAuthority.publicKey,
+        hasBidWall: false,
       })
       .rpc();