feat: eip target gas from consensus params

CHANGELOG.md

@@ -51,6 +51,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Features
 
 * [#6993](https://github.com/osmosis-labs/osmosis/pull/6993) feat(math): add mutative api for BigDec.BigInt()
+* [#7270](https://github.com/osmosis-labs/osmosis/pull/7270) feat: eip target gas from consensus params
 
 ### Misc Improvements
 
@@ -64,7 +65,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Bug Fixes
 
 * [#7245](https://github.com/osmosis-labs/osmosis/pull/7245) fix: correcting json tag value for `SwapAmountOutSplitRouteWrapper.OutDenom`
-* [#7233](https://github.com/osmosis-labs/osmosis/pull/7233) fix: config overwrite ignores app.toml values 
+* [#7233](https://github.com/osmosis-labs/osmosis/pull/7233) fix: config overwrite ignores app.toml values
 * [#7243](https://github.com/osmosis-labs/osmosis/pull/7243) fix: chore: update gov metadata length from 256 to 10200
 * [#7246](https://github.com/osmosis-labs/osmosis/pull/7246) fix: config overwrite fails with exit code 1 if wrong permissions
 * [#7267](https://github.com/osmosis-labs/osmosis/pull/7267) fix: support CL pools in tx fee module

app/keepers/keepers.go

@@ -402,6 +402,7 @@ func (appKeepers *AppKeepers) InitNormalKeepers(
 		appKeepers.PoolManagerKeeper,
 		appKeepers.ProtoRevKeeper,
 		appKeepers.DistrKeeper,
+		appKeepers.ConsensusParamsKeeper,
 		dataDir,
 	)
 	appKeepers.TxFeesKeeper = &txFeesKeeper

go.mod

@@ -374,12 +374,15 @@ replace (
 	// https://github.com/osmosis-labs/wasmd/releases/tag/v0.45.0-osmo
 	github.com/CosmWasm/wasmd => github.com/osmosis-labs/wasmd v0.45.0-osmo
 
+	// fork of cometbft which allows for better app hash logging
+	github.com/cometbft/cometbft => github.com/osmosis-labs/cometbft v0.0.0-20240103055822-28da358e3146
+
 	// v1.0.0-beta.3 is incompatible, so we use v1.0.0-beta.2
 	github.com/cosmos/cosmos-proto => github.com/cosmos/cosmos-proto v1.0.0-beta.2
 
-	// Our cosmos-sdk branch is: https://github.com/osmosis-labs/cosmos-sdk/tree/osmo/v0.47.5, current branch: osmo/v0.47.5. Direct commit link: https://github.com/osmosis-labs/cosmos-sdk/commit/cc29414c72c73d567e0c75b4a0800961a26d7af4
-	// https://github.com/osmosis-labs/cosmos-sdk/releases/tag/v0.47.5-osmo-4
-	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.47.6-0.20240103225327-6652b67a6ae8
+	// Our cosmos-sdk branch is: https://github.com/osmosis-labs/cosmos-sdk/tree/osmo/v0.47.5, current branch: osmo/v0.47.5. Direct commit link: https://github.com/osmosis-labs/cosmos-sdk/commit/65d7acfdc2a94cc49837bb9abec462f129029540
+	// https://github.com/osmosis-labs/cosmos-sdk/releases/tag/v0.47.5-v21-osmo-6
+	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.47.5-v21-osmo-6
 	github.com/cosmos/gogoproto => github.com/cosmos/gogoproto v1.4.10
 	github.com/gogo/protobuf => github.com/regen-network/protobuf v1.3.3-alpha.regen.1
 

go.sum

@@ -738,8 +738,6 @@ github.com/cockroachdb/redact v1.1.5/go.mod h1:BVNblN9mBWFyMyqK1k3AAiSxhvhfK2oOZ
 github.com/codahale/hdrhistogram v0.0.0-20161010025455-3a0bb77429bd/go.mod h1:sE/e/2PUdi/liOCUjSTXgM1o87ZssimdTWN964YiIeI=
 github.com/coinbase/rosetta-sdk-go/types v1.0.0 h1:jpVIwLcPoOeCR6o1tU+Xv7r5bMONNbHU7MuEHboiFuA=
 github.com/coinbase/rosetta-sdk-go/types v1.0.0/go.mod h1:eq7W2TMRH22GTW0N0beDnN931DW0/WOI1R2sdHNHG4c=
-github.com/cometbft/cometbft v0.37.2 h1:XB0yyHGT0lwmJlFmM4+rsRnczPlHoAKFX6K8Zgc2/Jc=
-github.com/cometbft/cometbft v0.37.2/go.mod h1:Y2MMMN//O5K4YKd8ze4r9jmk4Y7h0ajqILXbH5JQFVs=
 github.com/cometbft/cometbft-db v0.8.0 h1:vUMDaH3ApkX8m0KZvOFFy9b5DZHBAjsnEuo9AKVZpjo=
 github.com/cometbft/cometbft-db v0.8.0/go.mod h1:6ASCP4pfhmrCBpfk01/9E1SI29nD3HfVHrY4PG8x5c0=
 github.com/confio/ics23/go v0.9.1 h1:3MV46eeWwO3xCauKyAtuAdJYMyPnnchW4iLr2bTw6/U=
@@ -1453,8 +1451,10 @@ github.com/openzipkin/zipkin-go v0.2.2/go.mod h1:NaW6tEwdmWMaCDZzg8sh+IBNOxHMPnh
 github.com/ory/dockertest v3.3.5+incompatible h1:iLLK6SQwIhcbrG783Dghaaa3WPzGc+4Emza6EbVUUGA=
 github.com/ory/dockertest/v3 v3.10.0 h1:4K3z2VMe8Woe++invjaTB7VRyQXQy5UY+loujO4aNE4=
 github.com/ory/dockertest/v3 v3.10.0/go.mod h1:nr57ZbRWMqfsdGdFNLHz5jjNdDb7VVFnzAeW1n5N1Lg=
-github.com/osmosis-labs/cosmos-sdk v0.47.6-0.20240103225327-6652b67a6ae8 h1:rKsGBYTfP0XMsEddGJhBkVtQZeeGMwjZ47U69Y5G4ic=
-github.com/osmosis-labs/cosmos-sdk v0.47.6-0.20240103225327-6652b67a6ae8/go.mod h1:EHwCeN9IXonsjKcjpS12MqeStdZvIdxt3VYXhus3G3c=
+github.com/osmosis-labs/cometbft v0.0.0-20240103055822-28da358e3146 h1:Qkshh58fZCRoHSzbyW8NJf1wBhf9bg1MPFZEuyuI9lE=
+github.com/osmosis-labs/cometbft v0.0.0-20240103055822-28da358e3146/go.mod h1:Y2MMMN//O5K4YKd8ze4r9jmk4Y7h0ajqILXbH5JQFVs=
+github.com/osmosis-labs/cosmos-sdk v0.47.5-v21-osmo-6 h1:80nco4oGzcrS5XGdg6UoAKn961Ra9UpE+W9YvBJ2h2E=
+github.com/osmosis-labs/cosmos-sdk v0.47.5-v21-osmo-6/go.mod h1:4BNXIoS9XecywMSdPr/DIwCgH2/Qjyr2+qhrHu8YSEo=
 github.com/osmosis-labs/go-mutesting v0.0.0-20221208041716-b43bcd97b3b3 h1:YlmchqTmlwdWSmrRmXKR+PcU96ntOd8u10vTaTZdcNY=
 github.com/osmosis-labs/go-mutesting v0.0.0-20221208041716-b43bcd97b3b3/go.mod h1:lV6KnqXYD/ayTe7310MHtM3I2q8Z6bBfMAi+bhwPYtI=
 github.com/osmosis-labs/osmosis/osmomath v0.0.7-0.20240108180923-ddfef98789fd h1:99/1YpOf9+hMH2u1AGUGTNlzcpdduUm6kgZER6/yoyY=

osmomath/go.mod

@@ -94,9 +94,9 @@ replace (
 	// v1.0.0-beta.3 is incompatible, so we use v1.0.0-beta.2
 	github.com/cosmos/cosmos-proto => github.com/cosmos/cosmos-proto v1.0.0-beta.2
 
-	// Our cosmos-sdk branch is: https://github.com/osmosis-labs/cosmos-sdk/tree/osmo/v0.47.5, current branch: osmo/v0.47.5. Direct commit link: https://github.com/osmosis-labs/cosmos-sdk/commit/cc29414c72c73d567e0c75b4a0800961a26d7af4
-	// https://github.com/osmosis-labs/cosmos-sdk/releases/tag/v0.47.5-osmo-4
-	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.47.6-0.20240103225327-6652b67a6ae8
+	// Our cosmos-sdk branch is: https://github.com/osmosis-labs/cosmos-sdk/tree/osmo/v0.47.5, current branch: osmo/v0.47.5. Direct commit link: https://github.com/osmosis-labs/cosmos-sdk/commit/65d7acfdc2a94cc49837bb9abec462f129029540
+	// https://github.com/osmosis-labs/cosmos-sdk/releases/tag/v0.47.5-v21-osmo-6
+	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.47.5-v21-osmo-6
 	github.com/cosmos/gogoproto => github.com/cosmos/gogoproto v1.4.10
 	github.com/gogo/protobuf => github.com/regen-network/protobuf v1.3.3-alpha.regen.1
 

osmoutils/go.mod

@@ -165,9 +165,9 @@ replace (
 	// v1.0.0-beta.3 is incompatible, so we use v1.0.0-beta.2
 	github.com/cosmos/cosmos-proto => github.com/cosmos/cosmos-proto v1.0.0-beta.2
 
-	// Our cosmos-sdk branch is: https://github.com/osmosis-labs/cosmos-sdk/tree/osmo/v0.47.5, current branch: osmo/v0.47.5. Direct commit link: https://github.com/osmosis-labs/cosmos-sdk/commit/cc29414c72c73d567e0c75b4a0800961a26d7af4
-	// https://github.com/osmosis-labs/cosmos-sdk/releases/tag/v0.47.5-osmo-4
-	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.47.6-0.20240103225327-6652b67a6ae8
+	// Our cosmos-sdk branch is: https://github.com/osmosis-labs/cosmos-sdk/tree/osmo/v0.47.5, current branch: osmo/v0.47.5. Direct commit link: https://github.com/osmosis-labs/cosmos-sdk/commit/65d7acfdc2a94cc49837bb9abec462f129029540
+	// https://github.com/osmosis-labs/cosmos-sdk/releases/tag/v0.47.5-v21-osmo-6
+	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.47.5-v21-osmo-6
 	github.com/cosmos/gogoproto => github.com/cosmos/gogoproto v1.4.10
 	github.com/gogo/protobuf => github.com/regen-network/protobuf v1.3.3-alpha.regen.1
 
@@ -177,6 +177,9 @@ replace (
 	// newer versions of exp treat sorting differently, which is incompatible with the current version of cosmos-sdk
 	golang.org/x/exp => golang.org/x/exp v0.0.0-20230711153332-06a737ee72cb
 
+	// fork of cometbft which allows for better app hash logging
+	github.com/cometbft/cometbft => github.com/osmosis-labs/cometbft v0.0.0-20240103055822-28da358e3146
+
 // Local replaces commented for development
 // github.com/osmosis-labs/osmosis/osmomath => ../osmomath
 // github.com/osmosis-labs/osmosis/v21 => ./../

x/epochs/go.mod

@@ -199,15 +199,18 @@ replace (
 	// v1.0.0-beta.3 is incompatible, so we use v1.0.0-beta.2
 	github.com/cosmos/cosmos-proto => github.com/cosmos/cosmos-proto v1.0.0-beta.2
 
-	// Our cosmos-sdk branch is: https://github.com/osmosis-labs/cosmos-sdk/tree/osmo/v0.47.5, current branch: osmo/v0.47.5. Direct commit link: https://github.com/osmosis-labs/cosmos-sdk/commit/cc29414c72c73d567e0c75b4a0800961a26d7af4
-	// https://github.com/osmosis-labs/cosmos-sdk/releases/tag/v0.47.5-osmo-4
-	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.47.6-0.20240103225327-6652b67a6ae8
+	// Our cosmos-sdk branch is: https://github.com/osmosis-labs/cosmos-sdk/tree/osmo/v0.47.5, current branch: osmo/v0.47.5. Direct commit link: https://github.com/osmosis-labs/cosmos-sdk/commit/65d7acfdc2a94cc49837bb9abec462f129029540
+	// https://github.com/osmosis-labs/cosmos-sdk/releases/tag/v0.47.5-v21-osmo-6
+	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.47.5-v21-osmo-6
 	github.com/cosmos/gogoproto => github.com/cosmos/gogoproto v1.4.10
 	github.com/gogo/protobuf => github.com/regen-network/protobuf v1.3.3-alpha.regen.1
 
 	// newer versions of exp treat sorting differently, which is incompatible with the current version of cosmos-sdk
 	golang.org/x/exp => golang.org/x/exp v0.0.0-20230711153332-06a737ee72cb
 
+	// fork of cometbft which allows for better app hash logging
+	github.com/cometbft/cometbft => github.com/osmosis-labs/cometbft v0.0.0-20240103055822-28da358e3146
+
 // Local replaces commented for development
 // github.com/osmosis-labs/osmosis/osmoutils => ../../osmoutils
 )

x/ibc-hooks/go.mod

@@ -195,9 +195,6 @@ replace (
 	// adds expedited proposal support and 1000MB cache default
 	// https://github.com/osmosis-labs/wasmd/releases/tag/v0.45.0-osmo
 	github.com/CosmWasm/wasmd => github.com/osmosis-labs/wasmd v0.45.0-osmo
-	// Our cosmos-sdk branch is: https://github.com/osmosis-labs/cosmos-sdk/tree/osmo/v0.47.5, current branch: osmo/v0.47.5. Direct commit link: https://github.com/osmosis-labs/cosmos-sdk/commit/cc29414c72c73d567e0c75b4a0800961a26d7af4
-	// https://github.com/osmosis-labs/cosmos-sdk/releases/tag/v0.47.5-osmo-4
-	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.47.6-0.20240103225327-6652b67a6ae8
 
 	github.com/gogo/protobuf => github.com/regen-network/protobuf v1.3.3-alpha.regen.1
 
@@ -206,15 +203,18 @@ replace (
 
 	// v1.0.0-beta.3 is incompatible, so we use v1.0.0-beta.2
 	github.com/cosmos/cosmos-proto => github.com/cosmos/cosmos-proto v1.0.0-beta.2
-	// Our cosmos-sdk branch is: https://github.com/osmosis-labs/cosmos-sdk/tree/osmo/v0.47.5, current branch: osmo/v0.47.5. Direct commit link: https://github.com/osmosis-labs/cosmos-sdk/commit/cc29414c72c73d567e0c75b4a0800961a26d7af4
-	// https://github.com/osmosis-labs/cosmos-sdk/releases/tag/v0.47.5-osmo-4
-	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.47.6-0.20240103225327-6652b67a6ae8
+	// Our cosmos-sdk branch is: https://github.com/osmosis-labs/cosmos-sdk/tree/osmo/v0.47.5, current branch: osmo/v0.47.5. Direct commit link: https://github.com/osmosis-labs/cosmos-sdk/commit/65d7acfdc2a94cc49837bb9abec462f129029540
+	// https://github.com/osmosis-labs/cosmos-sdk/releases/tag/v0.47.5-v21-osmo-6
+	github.com/cosmos/cosmos-sdk => github.com/osmosis-labs/cosmos-sdk v0.47.5-v21-osmo-6
 	github.com/cosmos/gogoproto => github.com/cosmos/gogoproto v1.4.10
 	github.com/gogo/protobuf => github.com/regen-network/protobuf v1.3.3-alpha.regen.1
 
 	// newer versions of exp treat sorting differently, which is incompatible with the current version of cosmos-sdk
 	golang.org/x/exp => golang.org/x/exp v0.0.0-20230711153332-06a737ee72cb
 
+	// fork of cometbft which allows for better app hash logging
+	github.com/cometbft/cometbft => github.com/osmosis-labs/cometbft v0.0.0-20240103055822-28da358e3146
+
 // Local replaces commented for development
 // github.com/osmosis-labs/osmosis/osmoutils => ../../osmoutils
 // github.com/osmosis-labs/osmosis/v19 => ./../

x/txfees/keeper/keeper.go

@@ -11,6 +11,8 @@ import (
 	"github.com/osmosis-labs/osmosis/v21/x/txfees/types"
 
 	storetypes "github.com/cosmos/cosmos-sdk/store/types"
+
+	tmproto "github.com/cometbft/cometbft/proto/tendermint/types"
 )
 
 type Keeper struct {
@@ -21,6 +23,7 @@ type Keeper struct {
 	poolManager        types.PoolManager
 	protorevKeeper     types.ProtorevKeeper
 	distributionKeeper types.DistributionKeeper
+	consensusKeeper    types.ConsensusKeeper
 	dataDir            string
 }
 
@@ -33,6 +36,7 @@ func NewKeeper(
 	poolManager types.PoolManager,
 	protorevKeeper types.ProtorevKeeper,
 	distributionKeeper types.DistributionKeeper,
+	consensusKeeper types.ConsensusKeeper,
 	dataDir string,
 ) Keeper {
 	return Keeper{
@@ -42,6 +46,7 @@ func NewKeeper(
 		poolManager:        poolManager,
 		protorevKeeper:     protorevKeeper,
 		distributionKeeper: distributionKeeper,
+		consensusKeeper:    consensusKeeper,
 		dataDir:            dataDir,
 	}
 }
@@ -54,3 +59,13 @@ func (k Keeper) GetFeeTokensStore(ctx sdk.Context) sdk.KVStore {
 	store := ctx.KVStore(k.storeKey)
 	return prefix.NewStore(store, types.FeeTokensStorePrefix)
 }
+
+// GetParamsNoUnmarshal returns the current consensus parameters from the consensus params store as raw bytes.
+func (k Keeper) GetParamsNoUnmarshal(ctx sdk.Context) []byte {
+	return k.consensusKeeper.GetParamsNoUnmarshal(ctx)
+}
+
+// UnmarshalParamBytes unmarshals the consensus params bytes to the consensus params type.
+func (k Keeper) UnmarshalParamBytes(ctx sdk.Context, bz []byte) (*tmproto.ConsensusParams, error) {
+	return k.consensusKeeper.UnmarshalParamBytes(ctx, bz)
+}

x/txfees/keeper/mempool-1559/code.go

@@ -47,8 +47,9 @@ var (
 
 	// Max increase per block is a factor of 1.06, max decrease is 9/10
 	// If recovering at ~30M gas per block, decrease is .94
-	MaxBlockChangeRate = sdk.NewDec(1).Quo(sdk.NewDec(10))
-	TargetGas          = int64(75_000_000)
+	MaxBlockChangeRate      = sdk.NewDec(1).Quo(sdk.NewDec(10))
+	TargetGas               = int64(187_500_000)
+	TargetBlockSpacePercent = sdk.MustNewDecFromStr("0.625")
 	// In face of continuous spam, will take ~19 blocks from base fee > spam cost, to mempool eviction
 	// ceil(log_{1.06}(RecheckFeeConstant))
 	// So potentially 1.8 minutes of impaired UX from 1559 nodes on top of time to get to base fee > spam.

x/txfees/module.go

@@ -10,6 +10,7 @@ only specify their tx fee parameters for a single "base" asset.
 package txfees
 
 import (
+	"bytes"
 	"context"
 	"encoding/json"
 	"fmt"
@@ -31,8 +32,9 @@ import (
 )
 
 var (
-	_ module.AppModule      = AppModule{}
-	_ module.AppModuleBasic = AppModuleBasic{}
+	_                    module.AppModule      = AppModule{}
+	_                    module.AppModuleBasic = AppModuleBasic{}
+	cachedConsParamBytes []byte
 )
 
 const ModuleName = types.ModuleName
@@ -151,6 +153,10 @@ func (am AppModule) ExportGenesis(ctx sdk.Context, cdc codec.JSONCodec) json.Raw
 // BeginBlock executes all ABCI BeginBlock logic respective to the txfees module.
 func (am AppModule) BeginBlock(ctx sdk.Context, _ abci.RequestBeginBlock) {
 	mempool1559.BeginBlockCode(ctx)
+
+	// Check if the block gas limit has changed.
+	// If it has, update the target gas for eip1559.
+	am.CheckAndSetTargetGas(ctx)
 }
 
 // EndBlock executes all ABCI EndBlock logic respective to the txfees module. It
@@ -162,3 +168,53 @@ func (am AppModule) EndBlock(ctx sdk.Context, _ abci.RequestEndBlock) []abci.Val
 
 // ConsensusVersion implements AppModule/ConsensusVersion.
 func (AppModule) ConsensusVersion() uint64 { return 1 }
+
+// On start, we unmarshal the consensus params once and cache them.
+// Then, on every block, we check if the current consensus param bytes have changed in comparison to the cached value.
+// If they have, we unmarshal the current consensus params, update the target gas, and cache the value.
+// This is done to improve performance by not having to fetch and unmarshal the consensus params on every block.
+func (am AppModule) CheckAndSetTargetGas(ctx sdk.Context) {
+	// Check if the block gas limit has changed.
+	// If it has, update the target gas for eip1559.
+	consParamsBytes := am.keeper.GetParamsNoUnmarshal(ctx)
+
+	// If cachedConsParamBytes is nil, set equal to consParamsBytes and set the target gas.
+	if cachedConsParamBytes == nil {
+		cachedConsParamBytes = consParamsBytes
+		newConsensusParams, err := am.keeper.UnmarshalParamBytes(ctx, consParamsBytes)
+		if err != nil {
+			panic(err)
+		}
+
+		// Check if newConsensusParams.Block is nil to prevent panic
+		if newConsensusParams.Block == nil || newConsensusParams.Block.MaxGas == 0 {
+			return
+		}
+
+		if newConsensusParams.Block.MaxGas == -1 {
+			return
+		}
+
+		newBlockMaxGas := mempool1559.TargetBlockSpacePercent.Mul(sdk.NewDec(newConsensusParams.Block.MaxGas)).TruncateInt().Int64()
+		mempool1559.TargetGas = newBlockMaxGas
+		return
+	}
+
+	// If the consensus params have changed, unmarshal and update the target gas.
+	if !bytes.Equal(consParamsBytes, cachedConsParamBytes) {
+		newConsensusParams, err := am.keeper.UnmarshalParamBytes(ctx, consParamsBytes)
+		if err != nil {
+			panic(err)
+		}
+
+		if newConsensusParams.Block.MaxGas == -1 {
+			return
+		}
+
+		// Sure, its possible that the thing that changes in consensus params was something other than the block gas limit,
+		// but just double setting it here is fine instead of doing more logic to see what actually changed.
+		newBlockMaxGas := mempool1559.TargetBlockSpacePercent.Mul(sdk.NewDec(newConsensusParams.Block.MaxGas)).TruncateInt().Int64()
+		mempool1559.TargetGas = newBlockMaxGas
+		cachedConsParamBytes = consParamsBytes
+	}
+}