@1delta/margin-fetcher 5.0.6 → 5.0.7

package/dist/index.d.ts

@@ -8416,7 +8416,16 @@ interface TermAssetRef {
  * `tags.ts` — never hand-written per lender, so they cannot drift from the
  * numbers they summarize.
  */
-type TermTag = Open<'fixed-rate' | 'variable-rate' | 'user-set-rate' | 'zero-interest' | 'prepaid-interest' | 'nav-accrual' | 'has-maturity' | 'perpetual' | 'rolling-duration' | 'static-debt' | 'accruing-debt' | 'time-liquidation' | 'price-liquidation' | 'redeemable' | 'no-liquidation' | 'full-collateral-seizure' | 'early-exit-free' | 'early-exit-penalty' | 'early-exit-discount' | 'exit-instant' | 'exit-capped' | 'exit-cooldown' | 'exit-queued' | 'exit-market-sale' | 'exit-may-be-impossible' | 'permissioned' | 'capped' | 'cap-full' | 'first-loss' | 'socialized-loss' | 'physical-delivery' | 'undercollateralized' | 'nav-attested' | 'immutable' | 'no-timelock' | 'eoa-controlled' | 'points-rewards'
+type TermTag = Open<'fixed-rate' | 'variable-rate' | 'user-set-rate' | 'zero-interest' | 'prepaid-interest' | 'nav-accrual' | 'has-maturity' | 'perpetual' | 'rolling-duration' | 'static-debt' | 'accruing-debt' | 'time-liquidation' | 'price-liquidation' | 'redeemable' | 'no-liquidation' | 'full-collateral-seizure' | 'early-exit-free' | 'early-exit-penalty' | 'early-exit-discount' | 'exit-instant' | 'exit-capped' | 'exit-cooldown'
+/**
+ * The DEBT cannot be repaid for a period after opening or topping up.
+ *
+ * Deliberately distinct from `exit-cooldown` (a supply-side withdrawal
+ * delay): this one means the position cannot be closed, deleveraged or
+ * migrated out — and, on the lender that has it, that an incoming
+ * liquidation cannot be averted by repaying.
+ */
+ | 'repay-locked' | 'exit-queued' | 'exit-market-sale' | 'exit-may-be-impossible' | 'permissioned' | 'capped' | 'cap-full' | 'first-loss' | 'socialized-loss' | 'physical-delivery' | 'undercollateralized' | 'nav-attested' | 'immutable' | 'no-timelock' | 'eoa-controlled' | 'points-rewards'
 /**
  * The headline yield is MOSTLY the asset's own (staking / RWA / savings)
  * yield, not interest this market pays. Set at >= 50 % of `aprTotal`.

package/dist/index.js

@@ -62293,9 +62293,11 @@ function deriveBorrowTags(borrow, market = {}) {
   if (borrow.liquidation.redeemable) push(out, "redeemable");
   if (borrow.liquidation.seizure === "full-collateral")
     push(out, "full-collateral-seizure");
+  const repayLocked = (borrow.exit.cooldownSecs ?? 0) > 0;
+  if (repayLocked) push(out, "repay-locked");
   switch (borrow.exit.earlyRepay) {
     case "free":
-      push(out, "early-exit-free");
+      if (!repayLocked) push(out, "early-exit-free");
       break;
     case "penalty":
       push(out, "early-exit-penalty");
@@ -62451,6 +62453,9 @@ function borrowHeadline(b) {
   ) : `${rateLabel(b)} ${pct(b.rate.apr)}`;
   const mat = b.maturity.kind === "perpetual" ? "" : ` ${maturityPhrase(b.maturity)}`;
   const exit = earlyRepayPhrase[String(b.exit.earlyRepay)] ?? "see repay terms";
+  if (b.exit.cooldownSecs) {
+    return `${rate}${mat} \xB7 no repayment for ${duration(b.exit.cooldownSecs)}, then ${exit}`;
+  }
   return `${rate}${mat} \xB7 ${exit}`;
 }
 function supplyDescription(s, sheet = {}) {
@@ -63633,6 +63638,16 @@ function supplyFindings(supply) {
 function borrowFindings(borrow) {
   const out = [];
   const liq = borrow.liquidation;
+  if (borrow.exit.cooldownSecs) {
+    out.push({
+      severity: "critical",
+      id: "repay-locked",
+      side: "borrow",
+      message: `The debt CANNOT be repaid for ${fmtSecs(
+        borrow.exit.cooldownSecs
+      )} after opening or topping up: the position cannot be closed, deleveraged or migrated out in that window, and an incoming liquidation cannot be averted by repaying (adding collateral still works).`
+    });
+  }
   if (liq.seizure === "full-collateral") {
     out.push({
       severity: "critical",