@0dotxyz/p0-ts-sdk 2.7.2 → 2.7.4

package/dist/vendor.cjs

@@ -3912,7 +3912,8 @@ var SLOTS_PER_MINUTE = SLOTS_PER_SECOND * 60;
 var SLOTS_PER_HOUR = SLOTS_PER_MINUTE * 60;
 var SLOTS_PER_DAY = SLOTS_PER_HOUR * 24;
 var SLOTS_PER_YEAR = SLOTS_PER_DAY * 365;
-var DEFAULT_RECENT_SLOT_DURATION_MS = 450;
+var SECONDS_PER_YEAR = 31536e3;
+var DEFAULT_RECENT_SLOT_DURATION_MS = 350;
 var ONE_HUNDRED_PCT_IN_BPS = 1e4;
 
 // src/vendor/klend/instructions.ts
@@ -4063,6 +4064,13 @@ async function makeRefreshingIxs({
   return [refreshReserveIx, refreshObligationIx];
 }
 
+// src/vendor/klend/types/reserve/reserve.types.ts
+var KaminoInterestRateBasis = /* @__PURE__ */ ((KaminoInterestRateBasis2) => {
+  KaminoInterestRateBasis2[KaminoInterestRateBasis2["Legacy"] = 0] = "Legacy";
+  KaminoInterestRateBasis2[KaminoInterestRateBasis2["TrueApr"] = 1] = "TrueApr";
+  return KaminoInterestRateBasis2;
+})(KaminoInterestRateBasis || {});
+
 // src/vendor/klend/utils/klend/serialize.utils.ts
 function kaminoObligationToDto(obligation) {
   return {
@@ -4102,6 +4110,7 @@ function kaminoReserveToDto(reserve) {
     config: {
       protocolTakeRatePct: reserve.config.protocolTakeRatePct,
       hostFixedInterestRateBps: reserve.config.hostFixedInterestRateBps,
+      interestRateBasis: reserve.config.interestRateBasis ?? 0 /* Legacy */,
       depositLimit: reserve.config.depositLimit.toString(),
       borrowLimit: reserve.config.borrowLimit.toString(),
       borrowRateCurve: {
@@ -12284,7 +12293,12 @@ var reserveLayout = borsh__namespace.struct([
       borsh__namespace.u8("status"),
       borsh__namespace.u8("assetTier"),
       borsh__namespace.u16("hostFixedInterestRateBps"),
-      borsh__namespace.array(borsh__namespace.u8(), 9, "reserved2"),
+      borsh__namespace.u16("minDeleveragingBonusBps"),
+      borsh__namespace.u8("blockCtokenUsage"),
+      borsh__namespace.u8("earlyRepayRemainingInterestPct"),
+      borsh__namespace.u8("emergencyMode"),
+      borsh__namespace.u8("interestRateBasis"),
+      borsh__namespace.array(borsh__namespace.u8(), 3, "reserved2"),
       borsh__namespace.u8("protocolOrderExecutionFeePct"),
       borsh__namespace.u8("protocolTakeRatePct"),
       borsh__namespace.u8("protocolLiquidationFeePct"),
@@ -12450,6 +12464,7 @@ function dtoToKaminoReserve(reserveDto) {
     config: {
       protocolTakeRatePct: reserveDto.config.protocolTakeRatePct,
       hostFixedInterestRateBps: reserveDto.config.hostFixedInterestRateBps,
+      interestRateBasis: reserveDto.config.interestRateBasis ?? 0 /* Legacy */,
       depositLimit: new BN5__default.default(reserveDto.config.depositLimit),
       borrowLimit: new BN5__default.default(reserveDto.config.borrowLimit),
       borrowRateCurve: {
@@ -12690,8 +12705,8 @@ var getKaminoBorrowRate = (currentUtilization, curve) => {
   }
   return interpolateLinear(currentUtilization, x0, y0, x1, y1);
 };
-function calculateAPYFromAPR(apr) {
-  return Math.pow(1 + apr / SLOTS_PER_YEAR, SLOTS_PER_YEAR) - 1;
+function calculateAPYFromAPR(apr, periodsPerYear = SLOTS_PER_YEAR) {
+  return Math.pow(1 + apr / periodsPerYear, periodsPerYear) - 1;
 }
 function getKaminoTotalSupply(reserve) {
   const liquidityAvailableAmount = new Decimal3__default.default(reserve.liquidity.availableAmount.toString());
@@ -12713,17 +12728,43 @@ function calculateUtilizationRatio(reserve) {
   }
   return totalBorrows.dividedBy(totalSupply).toNumber();
 }
+function getKaminoInterestRateBasis(reserve) {
+  const basis = reserve.config.interestRateBasis ?? 0 /* Legacy */;
+  switch (basis) {
+    case 0 /* Legacy */:
+    case 1 /* TrueApr */:
+      return basis;
+    default:
+      throw new Error(`Unsupported Kamino interest rate basis: ${basis}`);
+  }
+}
 function slotAdjustmentFactor(recentSlotDurationMs = DEFAULT_RECENT_SLOT_DURATION_MS) {
   return 1e3 / SLOTS_PER_SECOND / recentSlotDurationMs;
 }
-function calculateSlotAdjustmentFactor(reserve, recentSlotDurationMs) {
-  return 1e3 / SLOTS_PER_SECOND / recentSlotDurationMs;
+function getKaminoRateBasis(reserve, recentSlotDurationMs = DEFAULT_RECENT_SLOT_DURATION_MS) {
+  switch (getKaminoInterestRateBasis(reserve)) {
+    case 0 /* Legacy */:
+      if (!Number.isFinite(recentSlotDurationMs) || recentSlotDurationMs <= 0) {
+        throw new Error(
+          `Kamino recent slot duration must be positive, got ${recentSlotDurationMs}`
+        );
+      }
+      return {
+        multiplier: slotAdjustmentFactor(recentSlotDurationMs),
+        periodsPerYear: SLOTS_PER_YEAR
+      };
+    case 1 /* TrueApr */:
+      return { multiplier: 1, periodsPerYear: SECONDS_PER_YEAR };
+  }
+}
+function calculateSlotAdjustmentFactor(reserve, recentSlotDurationMs = DEFAULT_RECENT_SLOT_DURATION_MS) {
+  return getKaminoRateBasis(reserve, recentSlotDurationMs).multiplier;
 }
 function calculateKaminoEstimatedBorrowRate(reserve, recentSlotDurationMs = DEFAULT_RECENT_SLOT_DURATION_MS) {
-  const slotAdjFactor = slotAdjustmentFactor(recentSlotDurationMs);
+  const { multiplier } = getKaminoRateBasis(reserve, recentSlotDurationMs);
   const currentUtilization = calculateUtilizationRatio(reserve);
   const curve = truncateBorrowCurve(reserve.config.borrowRateCurve.points);
-  return getKaminoBorrowRate(currentUtilization, curve) * slotAdjFactor;
+  return getKaminoBorrowRate(currentUtilization, curve) * multiplier;
 }
 function calculateKaminoEstimatedSupplyRate(reserve, recentSlotDurationMs = DEFAULT_RECENT_SLOT_DURATION_MS) {
   const borrowRate = calculateKaminoEstimatedBorrowRate(reserve, recentSlotDurationMs);
@@ -12732,10 +12773,9 @@ function calculateKaminoEstimatedSupplyRate(reserve, recentSlotDurationMs = DEFA
   return borrowRate * currentUtilization * protocolTakeRatePct;
 }
 function calculateKaminoSupplyAPY(reserve, recentSlotDurationMs = DEFAULT_RECENT_SLOT_DURATION_MS) {
-  const currentUtilization = calculateUtilizationRatio(reserve);
-  const borrowRate = calculateKaminoEstimatedBorrowRate(reserve, recentSlotDurationMs);
-  const protocolTakeRatePct = 1 - reserve.config.protocolTakeRatePct / 100;
-  return calculateAPYFromAPR(currentUtilization * borrowRate * protocolTakeRatePct);
+  const { periodsPerYear } = getKaminoRateBasis(reserve, recentSlotDurationMs);
+  const supplyApr = calculateKaminoEstimatedSupplyRate(reserve, recentSlotDurationMs);
+  return calculateAPYFromAPR(supplyApr, periodsPerYear);
 }
 function scaledSupplies(state) {
   const liqMintDecimals = new Decimal3__default.default(state.liquidity.mintDecimals.toString());
@@ -12766,7 +12806,7 @@ function getFixedHostInterestRate(reserve) {
 function getProtocolTakeRatePct(reserve) {
   return 1 - reserve.config.protocolTakeRatePct / 100;
 }
-function generateKaminoReserveCurve(curvePoints, slotAdjustmentFactor2, fixedHostInterestRate, protocolTakeRatePct) {
+function generateKaminoReserveCurve(curvePoints, slotAdjustmentFactor2, fixedHostInterestRate, protocolTakeRatePct, periodsPerYear = SLOTS_PER_YEAR) {
   if (curvePoints.length === 0) {
     return [];
   }
@@ -12776,8 +12816,8 @@ function generateKaminoReserveCurve(curvePoints, slotAdjustmentFactor2, fixedHos
     const baseBorrowRate = getKaminoBorrowRate(utilization, curve) * slotAdjustmentFactor2;
     const borrowAPR = baseBorrowRate + fixedHostInterestRate;
     const supplyAPR = utilization * borrowAPR * protocolTakeRatePct;
-    const borrowAPY = calculateAPYFromAPR(borrowAPR);
-    const supplyAPY = calculateAPYFromAPR(supplyAPR);
+    const borrowAPY = calculateAPYFromAPR(borrowAPR, periodsPerYear);
+    const supplyAPY = calculateAPYFromAPR(supplyAPR, periodsPerYear);
     return {
       utilization: utilization * 100,
       borrowAPY: borrowAPY * 100,
@@ -12785,6 +12825,16 @@ function generateKaminoReserveCurve(curvePoints, slotAdjustmentFactor2, fixedHos
     };
   });
 }
+function generateKaminoReserveCurveFromReserve(reserve, recentSlotDurationMs = DEFAULT_RECENT_SLOT_DURATION_MS) {
+  const { multiplier, periodsPerYear } = getKaminoRateBasis(reserve, recentSlotDurationMs);
+  return generateKaminoReserveCurve(
+    reserve.config.borrowRateCurve.points,
+    multiplier,
+    getFixedHostInterestRate(reserve),
+    getProtocolTakeRatePct(reserve),
+    periodsPerYear
+  );
+}
 function getRewardPerTimeUnitSecond(reward) {
   const now = new Decimal3__default.default((/* @__PURE__ */ new Date()).getTime()).div(1e3);
   let rewardPerTimeUnitSecond = new Decimal3__default.default(0);
@@ -52574,6 +52624,7 @@ exports.KFARMS_IDL = KFARMS_IDL;
 exports.KLEND_ACCOUNT_CODER = KLEND_ACCOUNT_CODER;
 exports.KLEND_IDL = KLEND_IDL;
 exports.KLEND_PROGRAM_ID = KLEND_PROGRAM_ID;
+exports.KaminoInterestRateBasis = KaminoInterestRateBasis;
 exports.LENGTH_SIZE = LENGTH_SIZE;
 exports.MAX_SLOT_DIFFERENCE = MAX_SLOT_DIFFERENCE;
 exports.MEMO_PROGRAM_ID = MEMO_PROGRAM_ID;
@@ -52590,6 +52641,7 @@ exports.PERCENTAGE_PRECISION_EXP = PERCENTAGE_PRECISION_EXP;
 exports.PriceStatus = PriceStatus;
 exports.PriceType = PriceType;
 exports.REFRESH_OBLIGATION_DISCRIMINATOR = REFRESH_OBLIGATION_DISCRIMINATOR;
+exports.SECONDS_PER_YEAR = SECONDS_PER_YEAR;
 exports.SEED_BASE_REFERRER_STATE = SEED_BASE_REFERRER_STATE;
 exports.SEED_BASE_REFERRER_TOKEN_STATE = SEED_BASE_REFERRER_TOKEN_STATE;
 exports.SEED_BASE_SHORT_URL = SEED_BASE_SHORT_URL;
@@ -52789,6 +52841,7 @@ exports.findPoolStakeAuthorityAddress = findPoolStakeAuthorityAddress;
 exports.generateDriftReserveCurve = generateDriftReserveCurve;
 exports.generateJupLendSupplyCurve = generateJupLendSupplyCurve;
 exports.generateKaminoReserveCurve = generateKaminoReserveCurve;
+exports.generateKaminoReserveCurveFromReserve = generateKaminoReserveCurveFromReserve;
 exports.getAccount = getAccount;
 exports.getAccountLen = getAccountLen;
 exports.getAllDerivedDriftAccounts = getAllDerivedDriftAccounts;
@@ -52801,6 +52854,8 @@ exports.getDriftTokenAmount = getDriftTokenAmount;
 exports.getFixedHostInterestRate = getFixedHostInterestRate;
 exports.getJupLendRewards = getJupLendRewards;
 exports.getKaminoBorrowRate = getKaminoBorrowRate;
+exports.getKaminoInterestRateBasis = getKaminoInterestRateBasis;
+exports.getKaminoRateBasis = getKaminoRateBasis;
 exports.getKaminoTotalSupply = getKaminoTotalSupply;
 exports.getMinimumBalanceForRentExemptAccount = getMinimumBalanceForRentExemptAccount;
 exports.getMinimumBalanceForRentExemptAccountWithExtensions = getMinimumBalanceForRentExemptAccountWithExtensions;