Peggo

Peggo is a Go implementation of the Gravity Bridge Orchestrator originally implemented by Injective Labs. Peggo itself is a fork of the original Gravity Bridge Orchestrator implemented by Althea.

Dependencies
Installation
How to run
How it works

Dependencies

Go 1.18+

Installation

To install the peggo binary:

$ make install

How to run

Setup

First we must register the validator's Ethereum key. This key will be used to sign claims going from Ethereum to Umee and to sign any transactions sent to Ethereum (batches or validator set updates).

$ umeed tx gravity set-orchestrator-address \
  {validatorAddress} \
  {orchestrator-address} \
  {ethAddress} \
  --eth-priv-key="..." \
  --chain-id="..." \
  --fees="..." \
  --keyring-backend=... \
  --keyring-dir=... \
  --from=...

Run the orchestrator

export PEGGO_ETH_PK={ethereum private key}
$ peggo orchestrator {gravityAddress} \
  --eth-rpc=$ETH_RPC \
  --relay-batches=true \
  --valset-relay-mode=minimum \
  --cosmos-chain-id=... \
  --cosmos-grpc="tcp://..." \
  --tendermint-rpc="http://..." \
  --cosmos-keyring=... \
  --cosmos-keyring-dir=... \
  --cosmos-from=...
  --oracle-providers="osmosis,huobi,okx,coinbase"

Oracle providers should contain at least 3 price sources for ETH and UMEE tokens.

Run the orchestrartor and pipe the logs to GCP

You need to set the auth client on gcp ex.:
- Downlaod your service account on GCP and set this env variable GOOGLE_APPLICATION_CREDENTIALS

$~ export GOOGLE_APPLICATION_CREDENTIALS=/path/to/your/service_account.json

also remember to add the proper variables

export PEGGO_ETH_PK={ethereum private key}
$ peggo orchestrator {gravityAddress} \
  --eth-rpc=$ETH_RPC \
  --relay-batches=true \
  --valset-relay-mode=minimum \
  --cosmos-chain-id=... \
  --cosmos-grpc="tcp://..." \
  --tendermint-rpc="http://..." \
  --cosmos-keyring=... \
  --cosmos-keyring-dir=... \
  --cosmos-from=... \
  --gcp-log-level="error" \
  --gcp-log-moniker="YOUR-MONIKER-NAME" \
  --gcp-log-project-name="gcp-project-name"

Notes:

moniker is a your name which will appear in log as a log source

Send a transfer from Umee to Ethereum

This is done using the command umeed tx gravity send-to-eth, use the --help flag for more information.

If the coin doesn't have a corresponding ERC20 equivalent on the Ethereum network, the transaction will fail. This is only required for Cosmos originated coins and anyone can call the deployERC20 function on the Gravity Bridge contract to fix this (Peggo has a helper command for this, see peggo bridge deploy-erc20 --help for more details).

This process takes longer than transfers the other way around because they get relayed in batches rather than individually. It primarily depends on the amount of transfers of the same token and the fees the senders are paying.

Important notice: if an "unlisted" (with no monetary value) ERC20 token gets sent into Umee it won't be possible to transfer it back to Ethereum, unless a validator is configured to batch and relay transactions of this token.

Send a transfer from Ethereum to Umee

Any ERC20 token can be sent to Umee and it's done using the command peggo bridge send-to-cosmos, use the --help flag for more information. It can also be done by calling the sendToCosmos method on the Gravity Bridge contract.

The ERC20 tokens will be locked in the Gravity Bridge contract and new coins will be minted on Umee with the denomination gravity{token_address}. This process takes around 3 minutes or 12 Ethereum blocks.

How it works

Peggo allows transfers of assets back and forth between Ethereum and Umee. It supports both assets originating on Umee and assets originating on Ethereum (any ERC20 token).

It works by scanning the events of the contract deployed on Ethereum (Gravity) and relaying them as messages to the Umee chain; and relaying transaction batches and validator sets from Umee to Ethereum.

Events and messages observed/relayed

Ethereum

Deposits (SendToCosmosEvent): emitted when sending tokens from Ethereum to Umee using the sendToCosmos function on Gravity.

Withdraw (TransactionBatchExecutedEvent): emitted when a batch of transactions is sent from Umee to Ethereum using the submitBatch function on the Gravity Bridge contract by a validator. This serves as a confirmation to Umee that the batch was sent successfully.

Valset update (ValsetUpdatedEvent): emitted on init of the Gravity Bridge contract and on every execution of the updateValset function.

Deployed ERC 20 (ERC20DeployedEvent): emitted when executing the function deployERC20. This event signals Umee that there's a new ERC20 deployed from Gravity, so Umee can map the token contract address to the corresponding native coin. This enables transfers from Umee to Ethereum.

Umee

Validator sets: Umee informs the Gravity Bridge contract who are the current validators and their power. This results in an execution of the updateValset function.

Request batch: Peggo will check for new transactions in the Outgoing TX Pool and if the transactions' fees are greater than the set minimum batch fee, it will send a message to Umee requesting a new batch.

Batches: Peggo queries Umee for any batches ready to be relayed and relays them over to Ethereum using the submitBatch function on the Gravity Bridge contract.

umee-network/peggo