Estimate Provider

Taquito's estimate method can be used to estimate fees, gas, and storage associated with an operation.

note

Our estimation of fee, gasLimit and storageLimit is based on the RPC call response to simulate_operation plus a small buffer. The context and volume at the time of simulate_operation might differ from preapply/operations and injection/operation, potentially causing errors like fees_too_low, storage_exhausted.operation and gas_exhausted.operation.

The Estimate object

The Estimate object has the following properties:

[burnFeeMumav]: The number of Mumav that will be burned for the storage of the operation. Returns a number.

[gasLimit]: The limit on the amount of gas a given operation can consume. Returns a number.

[minimalFeeMumav]: Minimum fees for the operation according to baker defaults. Returns a number.

[storageLimit]: The limit on the amount of storage an operation can use. Returns a number.

[suggestedFeeMumav:]: The suggested fee for the operation includes minimal fees and a small buffer. Returns a number.

[totalCost]: The sum of minimalFeeMumav + burnFeeMumav. Returns a number.

[usingBaseFeeMumav]: Fees according to your specified base fee will ensure that at least minimum fees are used.

Estimate a transfer operation

The following example shows an estimate of the fees associated with transferring 2ṁ to mv1UrqbBFBXnEdHnvSrMpt2BQnZzFMA9HQnc address. The configuration of the signer is to use a throw-away private key for demonstration purposes.

Signer

Live Editor

// import { TezosToolkit } from '@mavrykdynamics/taquito'; // const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet'); const amount = 2; const address = 'mv1UrqbBFBXnEdHnvSrMpt2BQnZzFMA9HQnc'; println(`Estimating the transfer of ${amount} ṁ to ${address} : `); Tezos.estimate .transfer({ to: address, amount: amount }) .then((est) => { println(`burnFeeMumav : ${est.burnFeeMumav}, gasLimit : ${est.gasLimit}, minimalFeeMumav : ${est.minimalFeeMumav}, storageLimit : ${est.storageLimit}, suggestedFeeMumav : ${est.suggestedFeeMumav}, totalCost : ${est.totalCost}, usingBaseFeeMumav : ${est.usingBaseFeeMumav}`); }) .catch((error) => console.table(`Error: ${JSON.stringify(error, null, 2)}`));

// import { TezosToolkit } from '@mavrykdynamics/taquito';
// const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet');

const amount = 2;
const address = 'mv1UrqbBFBXnEdHnvSrMpt2BQnZzFMA9HQnc';

println(`Estimating the transfer of ${amount} ṁ to ${address} : `);
Tezos.estimate
  .transfer({ to: address, amount: amount })
  .then((est) => {
    println(`burnFeeMumav : ${est.burnFeeMumav}, 
    gasLimit : ${est.gasLimit}, 
    minimalFeeMumav : ${est.minimalFeeMumav}, 
    storageLimit : ${est.storageLimit}, 
    suggestedFeeMumav : ${est.suggestedFeeMumav}, 
    totalCost : ${est.totalCost}, 
    usingBaseFeeMumav : ${est.usingBaseFeeMumav}`);
  })
  .catch((error) => console.table(`Error: ${JSON.stringify(error, null, 2)}`));

Result

Wallet

Live Editor

// import { TezosToolkit } from '@mavrykdynamics/taquito'; // const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet'); const amount = 2; const address = 'mv1UrqbBFBXnEdHnvSrMpt2BQnZzFMA9HQnc'; println(`Estimating the transfer of ${amount} ṁ to ${address} : `); Tezos.estimate .transfer({ to: address, amount: amount }) .then((est) => { println(`burnFeeMumav : ${est.burnFeeMumav}, gasLimit : ${est.gasLimit}, minimalFeeMumav : ${est.minimalFeeMumav}, storageLimit : ${est.storageLimit}, suggestedFeeMumav : ${est.suggestedFeeMumav}, totalCost : ${est.totalCost}, usingBaseFeeMumav : ${est.usingBaseFeeMumav}`); }) .catch((error) => console.table(`Error: ${JSON.stringify(error, null, 2)}`));

// import { TezosToolkit } from '@mavrykdynamics/taquito';
// const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet');

const amount = 2;
const address = 'mv1UrqbBFBXnEdHnvSrMpt2BQnZzFMA9HQnc';

println(`Estimating the transfer of ${amount} ṁ to ${address} : `);
Tezos.estimate
  .transfer({ to: address, amount: amount })
  .then((est) => {
    println(`burnFeeMumav : ${est.burnFeeMumav}, 
    gasLimit : ${est.gasLimit}, 
    minimalFeeMumav : ${est.minimalFeeMumav}, 
    storageLimit : ${est.storageLimit}, 
    suggestedFeeMumav : ${est.suggestedFeeMumav}, 
    totalCost : ${est.totalCost}, 
    usingBaseFeeMumav : ${est.usingBaseFeeMumav}`);
  })
  .catch((error) => console.table(`Error: ${JSON.stringify(error, null, 2)}`));

Result

Estimate a smart contract call

This example will demonstrate how to estimate the fees related to calling a smart contract.

Signer

We have updated the estimate provider to have a contractCall() method. The contractCall() member method can now be used to estimate contract calls as such:

Live Editor

// import { TezosToolkit } from '@mavrykdynamics/taquito'; // const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet'); Tezos.contract .at('KT1BJadpDyLCACMH7Tt9xtpx4dQZVKw9cDF7') .then((contract) => { return contract.methodsObject.increment(7); }) .then((op) => { println(`Estimating the smart contract call: `); return Tezos.estimate.contractCall(op); }) .then((estimate) => { println(`burnFeeMumav : ${estimate.burnFeeMumav}, gasLimit : ${estimate.gasLimit}, minimalFeeMumav : ${estimate.minimalFeeMumav}, storageLimit : ${estimate.storageLimit}, suggestedFeeMumav : ${estimate.suggestedFeeMumav}, totalCost : ${estimate.totalCost}, usingBaseFeeMumav : ${estimate.usingBaseFeeMumav}`); }) .catch((error) => console.table(`Error: ${JSON.stringify(error, null, 2)}`));

// import { TezosToolkit } from '@mavrykdynamics/taquito';
// const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet');
Tezos.contract
  .at('KT1BJadpDyLCACMH7Tt9xtpx4dQZVKw9cDF7')
  .then((contract) => {
    return contract.methodsObject.increment(7);
  })
  .then((op) => {
    println(`Estimating the smart contract call: `);
    return Tezos.estimate.contractCall(op);
  })
  .then((estimate) => {
    println(`burnFeeMumav : ${estimate.burnFeeMumav}, 
    gasLimit : ${estimate.gasLimit}, 
    minimalFeeMumav : ${estimate.minimalFeeMumav}, 
    storageLimit : ${estimate.storageLimit}, 
    suggestedFeeMumav : ${estimate.suggestedFeeMumav}, 
    totalCost : ${estimate.totalCost}, 
    usingBaseFeeMumav : ${estimate.usingBaseFeeMumav}`);
  })
  .catch((error) => console.table(`Error: ${JSON.stringify(error, null, 2)}`));

Result

Wallet

Live Editor

// import { TezosToolkit } from '@mavrykdynamics/taquito'; // const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet'); Tezos.wallet .at('KT1BJadpDyLCACMH7Tt9xtpx4dQZVKw9cDF7') .then((contract) => { return contract.methodsObject.increment(7); }) .then((op) => { println(`Estimating the smart contract call: `); return Tezos.estimate.contractCall(op); }) .then((estimate) => { println(`burnFeeMumav : ${estimate.burnFeeMumav}, gasLimit : ${estimate.gasLimit}, minimalFeeMumav : ${estimate.minimalFeeMumav}, storageLimit : ${estimate.storageLimit}, suggestedFeeMumav : ${estimate.suggestedFeeMumav}, totalCost : ${estimate.totalCost}, usingBaseFeeMumav : ${estimate.usingBaseFeeMumav}`); }) .catch((error) => console.table(`Error: ${JSON.stringify(error, null, 2)}`));

// import { TezosToolkit } from '@mavrykdynamics/taquito';
// const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet');
      
Tezos.wallet
  .at('KT1BJadpDyLCACMH7Tt9xtpx4dQZVKw9cDF7')
  .then((contract) => {
    return contract.methodsObject.increment(7);
  })
  .then((op) => {
    println(`Estimating the smart contract call: `);
    return Tezos.estimate.contractCall(op);
  })
  .then((estimate) => {
    println(`burnFeeMumav : ${estimate.burnFeeMumav}, 
    gasLimit : ${estimate.gasLimit}, 
    minimalFeeMumav : ${estimate.minimalFeeMumav}, 
    storageLimit : ${estimate.storageLimit}, 
    suggestedFeeMumav : ${estimate.suggestedFeeMumav}, 
    totalCost : ${estimate.totalCost}, 
    usingBaseFeeMumav : ${estimate.usingBaseFeeMumav}`);
  })
  .catch((error) => console.table(`Error: ${JSON.stringify(error, null, 2)}`));

Result

Estimate a contract origination

In this example, we will use the estimate method of Taquito on a contract origination. The genericMultisigJSONfile variable contains a Michelson Smart Contract.

Signer

Live Editor

// import { TezosToolkit } from '@mavrykdynamics/taquito'; // const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet'); println(`Estimating the contract origination : `); Tezos.estimate .originate({ code: genericMultisigJSONfile, storage: { stored_counter: 0, threshold: 1, keys: ['edpkuLxx9PQD8fZ45eUzrK3BhfDZJHhBuK4Zi49DcEGANwd2rpX82t'], }, }) .then((originationOp) => { println(`burnFeeMumav : ${originationOp.burnFeeMumav}, gasLimit : ${originationOp.gasLimit}, minimalFeeMumav : ${originationOp.minimalFeeMumav}, storageLimit : ${originationOp.storageLimit}, suggestedFeeMumav : ${originationOp.suggestedFeeMumav}, totalCost : ${originationOp.totalCost}, usingBaseFeeMumav : ${originationOp.usingBaseFeeMumav}`); }) .catch((error) => println(`Error: ${JSON.stringify(error, null, 2)}`));

// import { TezosToolkit } from '@mavrykdynamics/taquito';
// const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet');

println(`Estimating the contract origination : `);
Tezos.estimate
  .originate({
    code: genericMultisigJSONfile,
    storage: {
      stored_counter: 0,
      threshold: 1,
      keys: ['edpkuLxx9PQD8fZ45eUzrK3BhfDZJHhBuK4Zi49DcEGANwd2rpX82t'],
    },
  })
  .then((originationOp) => {
    println(`burnFeeMumav : ${originationOp.burnFeeMumav},
    gasLimit : ${originationOp.gasLimit},
    minimalFeeMumav : ${originationOp.minimalFeeMumav},
    storageLimit : ${originationOp.storageLimit},
    suggestedFeeMumav : ${originationOp.suggestedFeeMumav},
    totalCost : ${originationOp.totalCost},
    usingBaseFeeMumav : ${originationOp.usingBaseFeeMumav}`);
  })
  .catch((error) => println(`Error: ${JSON.stringify(error, null, 2)}`));

Result

Wallet

Live Editor

// import { TezosToolkit } from '@mavrykdynamics/taquito'; // const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet'); println(`Estimating the contract origination : `); Tezos.estimate .originate({ code: genericMultisigJSONfile, storage: { stored_counter: 0, threshold: 1, keys: ['edpkuLxx9PQD8fZ45eUzrK3BhfDZJHhBuK4Zi49DcEGANwd2rpX82t'], }, }) .then((originationOp) => { println(`burnFeeMumav : ${originationOp.burnFeeMumav}, gasLimit : ${originationOp.gasLimit}, minimalFeeMumav : ${originationOp.minimalFeeMumav}, storageLimit : ${originationOp.storageLimit}, suggestedFeeMumav : ${originationOp.suggestedFeeMumav}, totalCost : ${originationOp.totalCost}, usingBaseFeeMumav : ${originationOp.usingBaseFeeMumav}`); }) .catch((error) => println(`Error: ${JSON.stringify(error, null, 2)}`));

// import { TezosToolkit } from '@mavrykdynamics/taquito';
// const Tezos = new TezosToolkit('https://rpc.mavryk,network/basenet');

println(`Estimating the contract origination : `);
Tezos.estimate
  .originate({
    code: genericMultisigJSONfile,
    storage: {
      stored_counter: 0,
      threshold: 1,
      keys: ['edpkuLxx9PQD8fZ45eUzrK3BhfDZJHhBuK4Zi49DcEGANwd2rpX82t'],
    },
  })
  .then((originationOp) => {
    println(`burnFeeMumav : ${originationOp.burnFeeMumav},
    gasLimit : ${originationOp.gasLimit},
    minimalFeeMumav : ${originationOp.minimalFeeMumav},
    storageLimit : ${originationOp.storageLimit},
    suggestedFeeMumav : ${originationOp.suggestedFeeMumav},
    totalCost : ${originationOp.totalCost},
    usingBaseFeeMumav : ${originationOp.usingBaseFeeMumav}`);
  })
  .catch((error) => println(`Error: ${JSON.stringify(error, null, 2)}`));

Result