package tezos-protocol-020-PsParisC

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Get the address of the Constant-Product Market Maker receiving the Liquidity Baking subsidy

on_subsidy_allowed ctxt ~per_block_vote f updates the toggle EMA according to toggle_vote. Then the callback function f is called if the following conditions are met:

  • the updated EMA is below the threshold,
  • the CPMM contract exists.

The role of the callback function f is to send the subsidy to the CPMM, see apply_liquidity_baking_subsidy in apply.ml.

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