The cycles ledger is a global ledger canister that enables principal IDs to hold cycles.

The cycles ledger complies with the ICRC-2 and ICRC-1 token standards. Additionally, it implements the endpoints defined in the proposed ICRC-3 standard.

The cycles ledger further provides endpoints to deposit and withdraw cycles, and also to create canisters using cycles. These custom endpoints are introduced in the following.

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The cycles ledger has the following endpoint for other canisters to deposit cycles.

type DepositArgs = record {
  to : Account;
  memo : opt vec nat8;
};

type DepositResult = record { balance : nat; block_index : nat };

deposit : (DepositArgs) -> (DepositResult);

When invoked with a particular account (and, optionally, a memo), the balance of the account is incremented by the number of cycles attached to the call. There is no fee when depositing cycles; however, the number of cycles must be at least the transfer fee of 100M cycles.

NOTE: The deposit is rejected if fewer than 100M cycles are attached to the call.

The cycles ledger has the following endpoint to withdraw cycles to other canisters.

type BlockIndex = nat;

type RejectionCode = variant {
  NoError;
  CanisterError;
  SysTransient;
  DestinationInvalid;
  Unknown;
  SysFatal;
  CanisterReject;
};

type WithdrawArgs = record {
    amount : nat;
    from_subaccount : opt vec nat8;
    to : principal;
    created_at_time : opt nat64;
};

type WithdrawError = variant {
  GenericError : record { message : text; error_code : nat };
  TemporarilyUnavailable;
  FailedToWithdraw : record {
    fee_block : opt nat;
    rejection_code : RejectionCode;
    rejection_reason : text;
  };
  Duplicate : record { duplicate_of : nat };
  BadFee : record { expected_fee : nat };
  InvalidReceiver : record { receiver : principal };
  CreatedInFuture : record { ledger_time : nat64 };
  TooOld;
  InsufficientFunds : record { balance : nat };
};

withdraw : (WithdrawArgs) -> (variant { Ok : BlockIndex; Err : WithdrawError });

The two required parameters are the amount to be sent and the principal ID of the targeted canister ID. Optionally, the subaccount from which cycles are deducted and the time at which the transaction is created can be set as well.

There is a fee of 100M cycles for withdrawing cycles to another canister.

NOTE: The function returns an error when the parameter to is not a valid canister ID.

The canister creation process via cycles can be triggered from the cycles ledger using the endpoint create_canister.

type CreateCanisterArgs = record {
  from_subaccount : opt vec nat8;
  created_at_time : opt nat64;
  amount : nat;
  creation_args : opt CmcCreateCanisterArgs;
};

type CmcCreateCanisterArgs = record {
  settings : opt CanisterSettings;
  subnet_selection : opt SubnetSelection;
};

type CanisterSettings = record {
  controllers : opt vec principal;
  compute_allocation : opt nat;
  memory_allocation : opt nat;
  freezing_threshold : opt nat;
};

type SubnetFilter = record {
  subnet_type : opt text;
};

type SubnetSelection = variant {
  /// Choose a specific subnet
  Subnet : record {
    subnet : principal;
  };
  Filter : SubnetFilter;
};

type CreateCanisterError = variant {
  InsufficientFunds : record { balance : nat };
  TooOld;
  CreatedInFuture : record { ledger_time : nat64 };
  TemporarilyUnavailable;
  Duplicate : record { duplicate_of : nat };
  FailedToCreate : record {
    fee_block : opt BlockIndex;
    refund_block : opt BlockIndex;
    error : text;
  };
  GenericError : record { message : text; error_code : nat };
};

create_canister : (CreateCanisterArgs) -> (variant { Ok : CreateCanisterSuccess; Err : CreateCanisterError });

The only parameter that must be provided is the number of cycles that should be used for the canister creation. The cycles ledger fee of 100M cycles is deducted from the user's account together with the specified amount. The cycles ledger then sends the request to create a canister to the cycles minting canister, attaching amount cycles to the call. The cost for the canister creation itself can be found here.

NOTE: The canister is created on a random subnet unless specified otherwise. SubnetSelection can be used to specify a particular subnet or subnet type.

The cycles-ledger should be built using the script ./scripts/docker-build. The script will put the cycles-ledger.wasm.gz in the directory where it was run.

The CI job release-with-github.yml is responsible to create a new release. The release job uses cargo-release. This project follows Semantic Versioning 2.0.0 (aka semver).

The release job can be triggered by using gh or directly from github:

gh workflow run --repo dfinity/cycles-ledger "release-with-github.yml" -f semverBump=(major|minor|patch)

The job will then bump the version based on the strategy passed via semverBump, make the release and make a PR with the version changes and the release linked to the PR. See this for valid semverBump values and their effect.