External Assets as ERC-20¶

Introduction¶

As presented in the Native Cross-Chain Communication article, networks deployed through Tanssi can communicate and interoperate with any other network in the ecosystem. This multi-chain environment leads to a multi-asset world, where seamless transfer of assets, data, and value across different networks widens the possibilities to build use cases across diverse industries such as finance (DeFi), real-world assets (RWAs), and others.

External assets are tokens native to another blockchain, or, in other words, assets whose reserve chain is not the chain you are interacting with. Tanssi networks can register external assets to enable their inflow. To do so, it is necessary to establish an XCM channel with the other chain and then register one of its native assets as an external asset. Registered external assets behave, to some extent, the same way as local ones.

The ERC-20 assets precompile allows networks based on the Tanssi EVM template to access any registered external asset through the standard ERC-20 interface. Consequently, smart contracts deployed to the network can interact with such assets as they would with any other regular ERC-20.

The address representing the ERC-20 contract is formed with the first thirty-six positions (eighteen bytes) set to the maximum value and the last four positions (two bytes) replaced with the hexadecimal representation of the registered asset identifier:

0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF____

For example, for the asset whose ID is 1, the last four positions must be replaced with 0001, and for an asset with an ID of 10, those four positions must be replaced with 000A.

Prerequisites¶

Tto follow along with the contents in this guide, you'll need:

• Access to a Tanssi EVM network running runtime 500 or above
• An established bidirectional XCM channel to another chain. To manage your network's channels, refer to the Manage Cross-Chain Communication Channels article
• A registered external asset. Once the XCM channels are open, asset registration can be easily done using the dApp as explained in the Register External Assets guide
• Finally, you'll need an EVM-compatible wallet configured to work with your network. You can also connect your wallet to the demo EVM network.

The examples in this guide are based on the Tanssi demo EVM network, which already has open channels to other networks and registered external assets, as the following picture shows:

1. The registered external asset (UNIT) which will be used in the following sections
2. Other available external assets not yet registered

The ERC-20 Solidity Interface¶

The ERC20.sol interface on Tanssi EVM networks follows the EIP-20 Token Standard, which is the standard API interface for tokens within smart contracts. The standard defines the required functions and events a token contract must implement to be interoperable with different applications.

/ SPDX-License-Identifier: GPL-3.0-only
pragma solidity >=0.8.3;

/// @dev The IERC20 contract's address.
address constant IERC20_ADDRESS = 0x0000000000000000000000000000000000000800;

/// @dev The IERC20 contract's instance.
IERC20 constant IERC20_CONTRACT = IERC20(IERC20_ADDRESS);

/// @title ERC20 interface
/// @dev see https://github.com/ethereum/EIPs/issues/20
/// @dev copied from https://github.com/OpenZeppelin/openzeppelin-contracts
/// @custom:address 0x0000000000000000000000000000000000000800
interface IERC20 {
    /// @dev Returns the name of the token.
    /// @custom:selector 06fdde03
    function name() external view returns (string memory);

    /// @dev Returns the symbol of the token.
    /// @custom:selector 95d89b41
    function symbol() external view returns (string memory);

    /// @dev Returns the decimals places of the token.
    /// @custom:selector 313ce567
    function decimals() external view returns (uint8);

    /// @dev Total number of tokens in existence
    /// @custom:selector 18160ddd
    function totalSupply() external view returns (uint256);

    /// @dev Gets the balance of the specified address.
    /// @custom:selector 70a08231
    /// @param owner The address to query the balance of.
    /// @return An uint256 representing the amount owned by the passed address.
    function balanceOf(address owner) external view returns (uint256);

    /// @dev Function to check the amount of tokens that an owner allowed to a spender.
    /// @custom:selector dd62ed3e
    /// @param owner address The address which owns the funds.
    /// @param spender address The address which will spend the funds.
    /// @return A uint256 specifying the amount of tokens still available for the spender.
    function allowance(address owner, address spender)
        external
        view
        returns (uint256);

    /// @dev Transfer token for a specified address
    /// @custom:selector a9059cbb
    /// @param to The address to transfer to.
    /// @param value The amount to be transferred.
    /// @return true if the transfer was succesful, revert otherwise.
    function transfer(address to, uint256 value) external returns (bool);

    /// @dev Approve the passed address to spend the specified amount of tokens on behalf of msg.sender.
    /// Beware that changing an allowance with this method brings the risk that someone may use both the old
    /// and the new allowance by unfortunate transaction ordering. One possible solution to mitigate this
    /// race condition is to first reduce the spender's allowance to 0 and set the desired value afterwards:
    /// https://github.com/ethereum/EIPs/issues/20#issuecomment-263524729
    /// @custom:selector 095ea7b3
    /// @param spender The address which will spend the funds.
    /// @param value The amount of tokens to be spent.
    /// @return true, this cannot fail
    function approve(address spender, uint256 value) external returns (bool);

    /// @dev Transfer tokens from one address to another
    /// @custom:selector 23b872dd
    /// @param from address The address which you want to send tokens from
    /// @param to address The address which you want to transfer to
    /// @param value uint256 the amount of tokens to be transferred
    /// @return true if the transfer was succesful, revert otherwise.
    function transferFrom(
        address from,
        address to,
        uint256 value
    ) external returns (bool);

    /// @dev Event emited when a transfer has been performed.
    /// @custom:selector ddf252ad1be2c89b69c2b068fc378daa952ba7f163c4a11628f55a4df523b3ef
    /// @param from address The address sending the tokens
    /// @param to address The address receiving the tokens.
    /// @param value uint256 The amount of tokens transfered.
    event Transfer(address indexed from, address indexed to, uint256 value);

    /// @dev Event emited when an approval has been registered.
    /// @custom:selector 8c5be1e5ebec7d5bd14f71427d1e84f3dd0314c0f7b2291e5b200ac8c7c3b925
    /// @param owner address Owner of the tokens.
    /// @param spender address Allowed spender.
    /// @param value uint256 Amount of tokens approved.
    event Approval(
        address indexed owner,
        address indexed spender,
        uint256 value
    );
}

/// @title Native currency wrapper interface.
/// @dev Allow compatibility with dApps expecting this precompile to be
/// a WETH-like contract.
interface WrappedNativeCurrency {
    /// @dev Provide compatibility for contracts that expect wETH design.
    /// Returns funds to sender as this precompile tokens and the native tokens are the same.
    /// @custom:selector d0e30db0
    function deposit() external payable;

    /// @dev Provide compatibility for contracts that expect wETH design.
    /// Does nothing.
    /// @custom:selector 2e1a7d4d
    /// @param value uint256 The amount to withdraw/unwrap.
    function withdraw(uint256 value) external;

    /// @dev Event emited when deposit() has been called.
    /// @custom:selector e1fffcc4923d04b559f4d29a8bfc6cda04eb5b0d3c460751c2402c5c5cc9109c
    /// @param owner address Owner of the tokens
    /// @param value uint256 The amount of tokens "wrapped".
    event Deposit(address indexed owner, uint256 value);

    /// @dev Event emited when withdraw(uint256) has been called.
    /// @custom:selector 7fcf532c15f0a6db0bd6d0e038bea71d30d808c7d98cb3bf7268a95bf5081b65
    /// @param owner address Owner of the tokens
    /// @param value uint256 The amount of tokens "unwrapped".
    event Withdrawal(address indexed owner, uint256 value);
}

Add Token to an EVM Wallet¶

If you want to interact with your network's registered external assets like you would with an ERC-20, you can add them to your wallet using the precompile address prefix and the asset ID. This section will walk you through adding an external asset to MetaMask.

To get started, open up MetaMask and make sure you are connected to your network and:

1. Switch to the Tokens tab

2. Click on Import tokens

   

Before continuing, you'll need the token's address, which, considering that in this example the external asset has an ID of 1, will be:

0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF0001

1. Enter the precompile address for the token contract address. When you enter the address, the Token Symbol and Token Decimal fields should automatically populate. If they do not, you can enter UNIT for the symbol and 12 for the decimal places
2. Click Next

MetaMask will prompt you to confirm the import. You can review the token details and click Import Tokens to import UNIT tokens into your wallet.

And that's it! You've successfully added the UNIT token external asset as a custom ERC-20 token on the Tanssi demo EVM network.

Interact with the Solidity Interface via Remix¶

Remix Set Up¶

You can interact with the external assets ERC-20 precompile using Remix. To add the precompile to Remix, you will need to:

1. Get a copy of ERC20.sol
2. Paste the file contents into a Remix file named IERC20.sol

Compile the Contract¶

Next, you will need to compile the interface in Remix:

1. Click on the Compile tab, second from top
2. Compile the interface by clicking on Compile IERC20.sol

When compilation is completed, you will see a green checkmark next to the Compile tab.

Access the Contract¶

Instead of deploying the smart contract, you will access the interface through the address of external asset precompile:

1. Click on the Deploy and Run tab directly below the Compile tab in Remix. Please note that the precompiled contracts are already accessible at their respective addresses. Therefore, there is no deployment step
2. Make sure Injected Web3 is selected in the ENVIRONMENT dropdown. Once you select Injected Web3, you may be prompted by MetaMask to connect your account to Remix if it's not already connected
3. Make sure the correct account is displayed under ACCOUNT
4. Ensure IERC20 - IERC20.sol is selected in the CONTRACT dropdown. Given that it is a precompiled contract, there is no deployment step. Instead, you are going to provide the address of the precompile in the At Address field
5. Provide the address of the ERC-20 precompile (which is 0xFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF0001 in this example) and click At Address
6. The IERC20 precompile will appear in the list of Deployed Contracts

Get Basic Token Information¶

The ERC-20 interface lets you quickly obtain token information, including the token's total supply, name, symbol, and decimal places. You can retrieve this information by following these steps:

1. Expand the IERC20 contract under Deployed Contracts
2. Click decimals to get the decimal places of your network's native protocol token
3. Click name to get the name of the token
4. Click symbol to get the symbol of the token
5. Click totalSupply to obtain the total supply of native tokens on your network

The results of each function call are displayed under the respective functions.

Get Account Balance¶

You can check the balance of any address on your network by calling the balanceOf function and passing in an address:

1. Expand the balanceOf function
2. Enter an address you would like to check the balance of for the owner
3. Click call

Your balance will be displayed under the balanceOf function.

Send Transfer¶

To send tokens from your account directly to another account, you can call the transfer function by following these steps:

1. Expand the transfer function
2. Enter the address to send UNIT tokens to
3. Enter the amount of UNIT tokens to send. For this example, you can send 1 UNIT token (1000000000000)
4. Click transact
5. MetaMask will pop up, and you will be prompted to review the transaction details. Click Confirm to send the transaction

Once the transaction is complete, you can check your balance using the balanceOf function or by looking at MetaMask. You'll notice that your balance has decreased by 1 UNIT token. You can also use the balanceOf function to ensure that the recipients balance has increased by 1 UNIT token as expected.

And that's it! You've successfully interacted with the external assets ERC-20 precompile using MetaMask and Remix!