ft-get-supply

Function Signature

(ft-get-supply token-name)

• Input:
  • token-name: The name of the fungible token
• Output: uint

Why it matters

The ft-get-supply function is crucial for:

1. 1Querying the current total supply of a fungible token.
2. 2Implementing supply-dependent logic in token contracts.
3. 3Providing transparency about the token's circulating supply.
4. 4Enabling other contracts or off-chain applications to verify token supply.

When to use it

Use ft-get-supply when you need to:

• Check the current total supply of a token.
• Implement logic that depends on the token's supply (e.g., minting limits).
• Provide supply information to users or other contracts.
• Verify the integrity of token operations by checking supply changes.

Best Practices

• Use ft-get-supply in combination with ft-mint? and ft-burn? to manage token supply.
• Consider caching the supply result if queried frequently to optimize gas usage.
• Be aware that the supply can change between checks due to minting or burning operations.
• Use in conjunction with ft-get-balance for comprehensive token management.

Practical Example: Supply-Limited Minting

Let's implement a function that mints tokens only if it doesn't exceed a certain supply cap:

(define-fungible-token cBtc)
(define-constant MAX_SUPPLY u1000000)

(define-public (mint (amount uint) (recipient principal))
  (let
    (
      (currentSupply (ft-get-supply cBtc))
    )
    (if (<= (+ currentSupply amount) MAX_SUPPLY)
      (ft-mint? cBtc amount recipient)
      (err u1)
    )
  )
)

;; Usage
(mint u500000 tx-sender) ;; Returns (ok true)
(ft-get-supply cBtc) ;; Returns u500000
(mint u600000 tx-sender) ;; Returns (err u1)

This example demonstrates:

1. 1Using ft-get-supply to check the current token supply before minting.
2. 2Implementing a supply cap check to limit token minting.
3. 3Combining ft-get-supply with ft-mint? for supply management.

Common Pitfalls

1. 1Assuming the supply remains constant between checks and operations.
2. 2Not considering the potential for overflow when adding to the supply.
3. 3Overusing ft-get-supply in loops, which can be inefficient for gas consumption.

Related Functions

• ft-mint?: Used to create new tokens, increasing the total supply.
• ft-burn?: Used to destroy tokens, decreasing the total supply.
• ft-get-balance: Used to get the token balance of a specific principal.
• define-fungible-token: Used to define the fungible token initially.

Conclusion

The ft-get-supply function is an essential tool for managing and querying the total supply of fungible tokens in Clarity smart contracts. It provides a straightforward way to access the current circulating supply, enabling developers to implement supply-dependent logic and maintain transparency in token operations. When used effectively in combination with other token functions, it ensures the integrity and accuracy of token supply management within your smart contracts.