feat: price impact warning (#3437)

* chore: mv usdc price impact to hook

* fix: popover padding

* feat: warn on high price impact from toolbar

* fix: display price impact on warning too

* chore: rename useUSDCValue params

* fix: conform uses of price impact color

src/lib/components/Popover.tsx

@@ -14,7 +14,7 @@ const PopoverContainer = styled.div<{ show: boolean }>`
   border: 1px solid ${({ theme }) => theme.outline};
   border-radius: 0.5em;
   opacity: ${(props) => (props.show ? 1 : 0)};
-  padding: 8px;
+  padding: 10px 12px;
   transition: visibility 0.25s linear, opacity 0.25s linear;
   visibility: ${(props) => (props.show ? 'visible' : 'hidden')};
   z-index: ${Layer.TOOLTIP};

src/lib/components/Swap/Output.tsx

@@ -1,16 +1,15 @@
 import { Trans } from '@lingui/macro'
 import { useLingui } from '@lingui/react'
-import { useUSDCValue } from 'hooks/useUSDCPrice'
 import { atom } from 'jotai'
 import { useAtomValue } from 'jotai/utils'
 import BrandedFooter from 'lib/components/BrandedFooter'
 import { useIsSwapFieldIndependent, useSwapAmount, useSwapCurrency, useSwapInfo } from 'lib/hooks/swap'
 import useCurrencyColor from 'lib/hooks/useCurrencyColor'
+import useUSDCPriceImpact, { toHumanReadablePriceImpact } from 'lib/hooks/useUSDCPriceImpact'
 import { Field } from 'lib/state/swap'
 import styled, { DynamicThemeProvider, ThemedText } from 'lib/theme'
 import { PropsWithChildren, useMemo } from 'react'
 import { TradeState } from 'state/routing/types'
-import { computeFiatValuePriceImpact } from 'utils/computeFiatValuePriceImpact'
 import { formatCurrencyAmount } from 'utils/formatCurrencyAmount'
 import { getPriceImpactWarning } from 'utils/prices'
 
@@ -60,23 +59,8 @@ export default function Output({ disabled, focused, children }: PropsWithChildre
   // different state true/null/false allow smoother color transition
   const hasColor = swapOutputCurrency ? Boolean(color) || null : false
 
-  const inputUSDC = useUSDCValue(inputCurrencyAmount)
+  const { outputUSDC, priceImpact } = useUSDCPriceImpact(inputCurrencyAmount, outputCurrencyAmount)
-  const outputUSDC = useUSDCValue(outputCurrencyAmount)
+  const priceImpactWarning = useMemo(() => getPriceImpactWarning(priceImpact), [priceImpact])
-
-  const priceImpact = useMemo(() => {
-    const fiatValuePriceImpact = computeFiatValuePriceImpact(inputUSDC, outputUSDC)
-    if (!fiatValuePriceImpact) return null
-
-    const color = getPriceImpactWarning(fiatValuePriceImpact)
-    const sign = fiatValuePriceImpact.lessThan(0) ? '+' : ''
-    const displayedPriceImpact = parseFloat(fiatValuePriceImpact.multiply(-1)?.toSignificant(3))
-    return (
-      <ThemedText.Body2 color={color}>
-        ({sign}
-        {displayedPriceImpact}%)
-      </ThemedText.Body2>
-    )
-  }, [inputUSDC, outputUSDC])
 
   const amount = useFormattedFieldAmount({
     disabled,
@@ -103,7 +87,12 @@ export default function Output({ disabled, focused, children }: PropsWithChildre
           <ThemedText.Body2 color="secondary" userSelect>
             <Row>
               <USDC gap={0.5} isLoading={isRouteLoading}>
-                {outputUSDC ? `$${outputUSDC.toFixed(2)}` : '-'} {priceImpact}
+                {outputUSDC ? `$${outputUSDC.toFixed(2)}` : '-'}{' '}
+                {priceImpact && (
+                  <ThemedText.Body2 color={priceImpactWarning}>
+                    ({toHumanReadablePriceImpact(priceImpact)})
+                  </ThemedText.Body2>
+                )}
               </USDC>
               {balance && (
                 <Balance focused={focused}>

src/lib/components/Swap/Summary/Summary.tsx

@@ -1,39 +1,25 @@
 import { useLingui } from '@lingui/react'
-import { Currency, CurrencyAmount } from '@uniswap/sdk-core'
+import { Currency, CurrencyAmount, Percent, Token } from '@uniswap/sdk-core'
-import { useUSDCValue } from 'hooks/useUSDCPrice'
+import useUSDCPriceImpact, { toHumanReadablePriceImpact } from 'lib/hooks/useUSDCPriceImpact'
 import { ArrowRight } from 'lib/icons'
-import styled from 'lib/theme'
 import { ThemedText } from 'lib/theme'
 import { useMemo } from 'react'
-import { computeFiatValuePriceImpact } from 'utils/computeFiatValuePriceImpact'
 import { formatCurrencyAmount } from 'utils/formatCurrencyAmount'
+import { getPriceImpactWarning } from 'utils/prices'
 
 import Column from '../../Column'
 import Row from '../../Row'
 import TokenImg from '../../TokenImg'
 
-const Percent = styled.span<{ gain: boolean }>`
-  color: ${({ gain, theme }) => (gain ? theme.success : theme.error)};
-`
-
 interface TokenValueProps {
   input: CurrencyAmount<Currency>
-  usdc?: boolean
+  usdc?: CurrencyAmount<Token>
-  change?: number
+  priceImpact?: Percent
 }
 
-function TokenValue({ input, usdc, change }: TokenValueProps) {
+function TokenValue({ input, usdc, priceImpact }: TokenValueProps) {
   const { i18n } = useLingui()
-  const percent = useMemo(() => {
+  const priceImpactWarning = useMemo(() => getPriceImpactWarning(priceImpact), [priceImpact])
-    if (change) {
-      const percent = change.toPrecision(3)
-      return change > 0 ? `(+${percent}%)` : `(${percent}%)`
-    }
-    return undefined
-  }, [change])
-
-  const usdcAmount = useUSDCValue(input)
-
   return (
     <Column justify="flex-start">
       <Row gap={0.375} justify="flex-start">
@@ -42,11 +28,15 @@ function TokenValue({ input, usdc, change }: TokenValueProps) {
           {formatCurrencyAmount(input, 6, i18n.locale)} {input.currency.symbol}
         </ThemedText.Body2>
       </Row>
-      {usdc && usdcAmount && (
+      {usdc && (
         <Row justify="flex-start">
           <ThemedText.Caption color="secondary" userSelect>
-            ${formatCurrencyAmount(usdcAmount, 2, i18n.locale)}
+            ${formatCurrencyAmount(usdc, 2, i18n.locale)}
-            {change && <Percent gain={change > 0}> {percent}</Percent>}
+            {priceImpact && (
+              <ThemedText.Caption color={priceImpactWarning}>
+                ({toHumanReadablePriceImpact(priceImpact)})
+              </ThemedText.Caption>
+            )}
           </ThemedText.Caption>
         </Row>
       )}
@@ -57,23 +47,17 @@ function TokenValue({ input, usdc, change }: TokenValueProps) {
 interface SummaryProps {
   input: CurrencyAmount<Currency>
   output: CurrencyAmount<Currency>
-  usdc?: boolean
+  showUSDC?: true
 }
 
-export default function Summary({ input, output, usdc }: SummaryProps) {
+export default function Summary({ input, output, showUSDC }: SummaryProps) {
-  const inputUSDCValue = useUSDCValue(input)
+  const { inputUSDC, outputUSDC, priceImpact } = useUSDCPriceImpact(input, output)
-  const outputUSDCValue = useUSDCValue(output)
-
-  const priceImpact = useMemo(() => {
-    const computedChange = computeFiatValuePriceImpact(inputUSDCValue, outputUSDCValue)
-    return computedChange ? parseFloat(computedChange.multiply(-1)?.toSignificant(3)) : undefined
-  }, [inputUSDCValue, outputUSDCValue])
 
   return (
-    <Row gap={usdc ? 1 : 0.25}>
+    <Row gap={showUSDC ? 1 : 0.25}>
-      <TokenValue input={input} usdc={usdc} />
+      <TokenValue input={input} usdc={showUSDC && inputUSDC} />
       <ArrowRight />
-      <TokenValue input={output} usdc={usdc} change={priceImpact} />
+      <TokenValue input={output} usdc={showUSDC && outputUSDC} priceImpact={priceImpact} />
     </Row>
   )
 }

src/lib/components/Swap/Summary/index.tsx

@@ -134,7 +134,7 @@ export function SummaryDialog({ trade, allowedSlippage, onConfirm }: SummaryDial
       <Header title={<Trans>Swap summary</Trans>} ruled />
       <Body flex align="stretch" gap={0.75} padded open={open}>
         <SummaryColumn gap={0.75} flex justify="center">
-          <Summary input={inputAmount} output={outputAmount} usdc={true} />
+          <Summary input={inputAmount} output={outputAmount} showUSDC />
           <Row>
             <ThemedText.Caption userSelect>
               {formatLocaleNumber({ number: 1, sigFigs: 1, locale: i18n.locale })} {inputCurrency.symbol} ={' '}

src/lib/components/Swap/Toolbar/Caption.tsx

@@ -1,13 +1,16 @@
 import { Trans } from '@lingui/macro'
 import { Currency, TradeType } from '@uniswap/sdk-core'
-import useUSDCPrice from 'hooks/useUSDCPrice'
+import Column from 'lib/components/Column'
+import Rule from 'lib/components/Rule'
 import Tooltip from 'lib/components/Tooltip'
 import { loadingCss } from 'lib/css/loading'
 import { WrapType } from 'lib/hooks/swap/useWrapCallback'
+import useUSDCPriceImpact, { toHumanReadablePriceImpact } from 'lib/hooks/useUSDCPriceImpact'
 import { AlertTriangle, Icon, Info, InlineSpinner } from 'lib/icons'
 import styled, { ThemedText } from 'lib/theme'
 import { ReactNode, useCallback, useMemo, useState } from 'react'
 import { InterfaceTrade } from 'state/routing/types'
+import { getPriceImpactWarning } from 'utils/prices'
 
 import { TextButton } from '../../Button'
 import Row from '../../Row'
@@ -78,21 +81,21 @@ export function WrapCurrency({ loading, wrapType }: { loading: boolean; wrapType
 
 export function Trade({ trade }: { trade: InterfaceTrade<Currency, Currency, TradeType> }) {
   const [flip, setFlip] = useState(true)
-  const { inputAmount, outputAmount, executionPrice } = trade
+  const { inputAmount: input, outputAmount: output, executionPrice } = trade
-  const fiatValueInput = useUSDCPrice(inputAmount.currency)
+  const { inputUSDC, outputUSDC, priceImpact } = useUSDCPriceImpact(input, output)
-  const fiatValueOutput = useUSDCPrice(outputAmount.currency)
+  const isPriceImpactHigh = priceImpact && getPriceImpactWarning(priceImpact)
 
   const ratio = useMemo(() => {
-    const [a, b] = flip ? [outputAmount, inputAmount] : [inputAmount, outputAmount]
+    const [a, b] = flip ? [output, input] : [input, output]
     const priceString = (!flip ? executionPrice : executionPrice?.invert())?.toSignificant(6)
 
     const ratio = `1 ${a.currency.symbol} = ${priceString} ${b.currency.symbol}`
     const usdc = !flip
-      ? fiatValueInput
+      ? inputUSDC
-        ? ` ($${fiatValueInput.toSignificant(6)})`
+        ? ` ($${inputUSDC.toSignificant(6)})`
         : null
-      : fiatValueOutput
+      : outputUSDC
-      ? ` ($${fiatValueOutput.toSignificant(6)})`
+      ? ` ($${outputUSDC.toSignificant(6)})`
       : null
 
     return (
@@ -103,12 +106,23 @@ export function Trade({ trade }: { trade: InterfaceTrade<Currency, Currency, Tra
         </Row>
       </ThemedText.Caption>
     )
-  }, [executionPrice, fiatValueInput, fiatValueOutput, flip, inputAmount, outputAmount])
+  }, [executionPrice, inputUSDC, outputUSDC, flip, input, output])
 
   return (
     <>
-      <Tooltip placement="bottom" icon={Info}>
+      <Tooltip placement="bottom" icon={isPriceImpactHigh ? AlertTriangle : Info}>
+        <Column gap={0.75}>
+          {isPriceImpactHigh && (
+            <>
+              <ThemedText.Caption>
+                The output amount is estimated at {toHumanReadablePriceImpact(priceImpact)} less than the input amount
+                due to high price impact
+              </ThemedText.Caption>
+              <Rule />
+            </>
+          )}
           <RoutingDiagram trade={trade} />
+        </Column>
       </Tooltip>
       <TextButton color="primary" onClick={() => setFlip(!flip)}>
         {ratio}

src/lib/hooks/useUSDCPriceImpact.ts

@@ -0,0 +1,26 @@
+import { Currency, CurrencyAmount, Percent, Token } from '@uniswap/sdk-core'
+import { useUSDCValue } from 'hooks/useUSDCPrice'
+import { useMemo } from 'react'
+import { computeFiatValuePriceImpact } from 'utils/computeFiatValuePriceImpact'
+
+export default function useUSDCPriceImpact(
+  inputAmount: CurrencyAmount<Currency> | undefined,
+  outputAmount: CurrencyAmount<Currency> | undefined
+): {
+  inputUSDC?: CurrencyAmount<Token>
+  outputUSDC?: CurrencyAmount<Token>
+  priceImpact?: Percent
+} {
+  const inputUSDC = useUSDCValue(inputAmount) ?? undefined
+  const outputUSDC = useUSDCValue(outputAmount) ?? undefined
+  return useMemo(() => {
+    const priceImpact = computeFiatValuePriceImpact(inputUSDC, outputUSDC)
+    return { inputUSDC, outputUSDC, priceImpact }
+  }, [inputUSDC, outputUSDC])
+}
+
+export function toHumanReadablePriceImpact(priceImpact: Percent): string {
+  const sign = priceImpact.lessThan(0) ? '+' : ''
+  const number = parseFloat(priceImpact.multiply(-1)?.toSignificant(3))
+  return `${sign}${number}%`
+}