ETH Lockbox

Table of Contents

• Overview
• Design
  • Interface and properties
    • lockETH
    • unlockETH
    • authorizePortal
    • authorizeLockbox
    • migrateLiquidity
    • receiveLiquidity
    • proxyAdminOwner
  • Events
    • ETHLocked
    • ETHUnlocked
    • PortalAuthorized
    • LockboxAuthorized
    • LiquidityMigrated
    • LiquidityReceived
• Invariants
  • System level invariants
  • Contract level invariants
• Architecture
  • ETH Management
  • Merge process

Overview

With interoperable ETH, withdrawals will fail if the referenced OptimismPortal lacks sufficient ETH. This is due to having the possibility to move ETH liquidity across the different chains and it could happen that a chain ends up with more liquidity than its OptimismPortal. The ETHLockbox improves the Superchain's interoperable ETH withdrawal user experience and avoids this issue. To do so, it unifies ETH L1 liquidity in a single contract (ETHLockbox), enabling seamless withdrawals of ETH from any OP chain in the Superchain, regardless of where the ETH was initially deposited.

Design

The ETHLockbox contract is designed to manage the unified ETH liquidity for the Superchain. It implements two main functions: lockETH for depositing ETH into the lockbox, and unlockETH for withdrawing ETH from the lockbox.

These functions are called by the OptimismPortal contracts to manage the shared ETH liquidity when making deposits or finalizing withdrawals.

Authorization of OptimismPortals is managed by the ProxyAdmin owner. The ETHLockbox contract is proxied and managed by the L1 ProxyAdmin.

Interface and properties

lockETH

Deposits and locks ETH into the lockbox's liquidity pool.

• The function MUST accept ETH.
• Only authorized OptimismPortal addresses MUST be allowed to interact.
• The function MUST NOT revert when called by an authorized OptimismPortal
• The function MUST emit the ETHLocked event with the portal that called it and the amount.

function lockETH() external payable;

unlockETH

Withdraws a specified amount of ETH from the lockbox's liquidity pool to the OptimismPortal calling it.

• Only authorized OptimismPortal addresses MUST be allowed to interact.
• The function MUST NOT revert when called by an authorized OptimismPortal unless paused.
• The function MUST emit the ETHUnlocked event with the portal that called it and the amount.
• The function MUST use donateETH when sending ETH to avoid triggering deposits.
• The function MUST NOT allow to be called as part of a withdrawal transaction (OptimismPortal.l2Sender() MUST be the DEFAULT_L2_SENDER).

function unlockETH(uint256 _value) external;

authorizePortal

Authorizes an OptimismPortal to interact with the ETHLockbox.

• Only the ProxyAdmin owner can call the function.
• The ProxyAdmin owner of the OptimismPortal must be the same as the ProxyAdmin owner of the ETHLockbox.
• The OptimismPortal and ETHLockbox MUST share the same SuperchainConfig address
• The function MUST emit the PortalAuthorized event with the portal.

function authorizePortal(address _portal) external;

authorizeLockbox

Authorizes another ETHLockbox to migrate its ETH liquidity to the current ETHLockbox.

• Only the ProxyAdmin owner can call the function.
• The ProxyAdmin owner of the source lockbox must be the same as the ProxyAdmin owner of the destination lockbox.
• The function MUST emit the LockboxAuthorized event with the lockbox that is being authorized.

function authorizeLockbox(address _lockbox) external;

migrateLiquidity

Migrates the ETH liquidity from the current ETHLockbox to another ETHLockbox.

• Only the ProxyAdmin owner can call the function.
• The ProxyAdmin owner of the source lockbox must be the same as the ProxyAdmin owner of the destination lockbox.
• The function MUST call receiveLiquidity from the destination ETHLockbox.
• The function MUST emit the LiquidityMigrated event with the lockbox that is being migrated to.

function migrateLiquidity(address _lockbox) external;

receiveLiquidity

Receives the ETH liquidity from another ETHLockbox.

• Only an authorized ETHLockbox can call the function.
• The function MUST emit the LiquidityReceived event with the lockbox that is being received from.

function receiveLiquidity() external payable;

proxyAdminOwner

Returns the ProxyAdmin owner that manages the ETHLockbox.

function proxyAdminOwner() external view returns (address);

Events

ETHLocked

MUST be triggered when lockETH is called

event ETHLocked(address indexed portal, uint256 amount);

ETHUnlocked

MUST be triggered when unlockETH is called

event ETHUnlocked(address indexed portal, uint256 amount);

PortalAuthorized

MUST be triggered when authorizePortal is called

event PortalAuthorized(address indexed portal);

LockboxAuthorized

MUST be triggered when authorizeLockbox is called

event LockboxAuthorized(address indexed lockbox);

LiquidityMigrated

MUST be triggered when migrateLiquidity is called

event LiquidityMigrated(address indexed lockbox);

LiquidityReceived

MUST be triggered when receiveLiquidity is called

event LiquidityReceived(address indexed lockbox);

Invariants

System level invariants

• The ETH held in the ETHLockbox MUST never be less than the amount deposited but not yet withdrawn by the OptimismPortals

• All chains joining the same ETHLockbox MUST have the same ProxyAdmin owner

• The total withdrawable ETH amount present on all the dependency set's chains MUST NEVER be more than the amount held by the ETHLockbox of the cluster

  With "withdrawable amount", the ETH balance held on ETHLiquidity is excluded

Contract level invariants

• It MUST allow only authorized portals to lock ETH

• It MUST allow only authorized portals to unlock ETH

• It MUST be in paused state if the SuperchainConfig is paused

• No Ether MUST flow out of the contract when in a paused state

• It MUST NOT trigger a new deposit when ETH amount is being unlocked from the ETHLockbox by the OptimismPortal

• It MUST allow only the ProxyAdmin owner to call the authorizePortal, authorizeLockbox and migrateLiquidity functions

• It MUST allow only authorized lockboxes to call the receiveLiquidity function

• It MUST migrate the whole ETH liquidity from the source ETHLockbox to the destination ETHLockbox when calling migrateLiquidity

• It MUST emit:

  • An ETHLocked event when locking ETH

  • An ETHUnlocked event when unlocking ETH

  • A PortalAuthorized event when authorizing a portal

  • A LockboxAuthorized event when authorizing a lockbox

  • A LiquidityMigrated event when migrating liquidity

  • A LiquidityReceived event when receiving liquidity

Architecture

ETH Management

• ETH is locked in the ETHLockbox when:

  • A portal migrates its ETH liquidity when updating

  • A deposit is made with ETH value on an authorized portal

• ETH is unlocked from the ETHLockbox when:

  • An authorized portal finalizes a withdrawal that requires ETH

Merge process

The merge process is the process of merging two ETHLockboxes into a single one, transferring the ETH liquidity from the both source ETHLockbox to the destination ETHLockbox.

For each source ETHLockbox, the following steps MUST be followed:

• The destination ETHLockbox MUST call authorizeLockbox with the source ETHLockbox as argument.

• The source ETHLockbox MUST call migrateLiquidity with the destination ETHLockbox as argument.

• migrateLiquidity MUST call receiveLiquidity from the destination ETHLockbox.

This process ensures that the ETH liquidity is migrated from the source ETHLockbox to the correct destination ETHLockbox.

These transactions SHOULD be executed atomically. A possible way is through the OPCM contract.