@1delta/margin-fetcher 0.0.408 → 0.0.409

package/dist/index.js

@@ -23706,6 +23706,12 @@ function convertTermMaxMarketsToResponse(raw, chainId, prices = {}, _additionalY
       // up as a term product.
       stableBorrowRate: borrowAprPct,
       intrinsicYield: 0,
+      // One-off GT-mint fee as a PERCENT of the amount borrowed, charged once at
+      // borrow time (`issueFee = debt · mintGtFeeRatio / 1e8`). The canonical
+      // top-level field — `fixedTerm.fees.originationFeePercent` alone is not
+      // read by the cost math, which is why this fee was never folded into
+      // borrow cost downstream. NOT an APR: never add it to a rate.
+      originationFee: originationFeePercent || void 0,
       rewards: void 0,
       decimals: config.debtDecimals,
       config: {
@@ -23725,9 +23731,18 @@ function convertTermMaxMarketsToResponse(raw, chainId, prices = {}, _additionalY
       borrowingEnabled: !matured && borrowLiquidity > 0,
       depositsEnabled: !matured,
       hasStable: false,
-      // Borrowing IS fixed-term (see `terms` + `fixedTerm`), but it is real
-      // borrowing — do NOT set this, or borrowable-only filters hide the market.
-      variableBorrowDisabled: false,
+      // TermMax has NO variable rate at all — `variableBorrowRate` above is only
+      // ever a MIRROR of the best term APR. When no order quotes the borrow side
+      // the mirror is 0, and a consumer that reads it as a floating rate sees a
+      // FREE borrow and levers against it (observed: 9 of 15 chain-1 pairs
+      // sorting to the top of the optimizer at 128% "net APR").
+      //
+      // Flag it, exactly as Term Finance and Teller do — a `variableBorrowRate`
+      // of 0 is NOT a free borrow. Consumers read the `terms[]` card (and
+      // `fixedTerm`) instead. Deliberately unconditional rather than
+      // `borrowAprPct === 0`: the semantic is "this lender has no variable
+      // product", which does not change with book depth.
+      variableBorrowDisabled: true,
       isActive: true,
       isFrozen: false
     };