@defisaver/positions-sdk 2.1.127-midnight-10-dev → 2.1.127-midnight-12-dev

package/cjs/helpers/morphoMidnightHelpers/index.d.ts

@@ -74,6 +74,24 @@ export declare const midnightSlippageParam: (slippagePercent: Dec.Value) => stri
  * The caller swallows errors — a missing rate must never block position rendering.
  */
 export declare const getMorphoMidnightUserBorrowInfo: (account: string, marketId: string, loanTokenSymbol: string) => Promise<MorphoMidnightBorrowInfo>;
+/**
+ * The inverse of the split above: where `getMorphoMidnightUserBorrowInfo` reads a position's principal and
+ * interest off the indexer, this carries that same split forward through a payback, from a debt of
+ * `borrowedBefore` down to one of `borrowedAfter`. Retiring units retires principal and interest pro rata,
+ * so both scale by the same fraction.
+ *
+ * Deriving the interest as `borrowedAfter − debtBase` instead reads it off two different sources —
+ * `borrowed` is the chain's debt, `debtBase` the indexer's principal — so the entire gap between them lands
+ * in the interest whenever they disagree, which they do until the indexer catches up with a fresh borrow or
+ * payback: behind a borrow it inflates the interest by the debt the indexer has not seen yet, behind a
+ * payback it goes negative on a position that still owes. Callers detect that window as
+ * `debtBase + debtInterest !== debt`.
+ *
+ * Pro rata is also what keeps the answer sane when a payback retires debt at a different rate than the one
+ * it was opened at. Mirroring a borrow instead — principal growing by the assets received, interest by the
+ * rest — hands back a negative interest as soon as the book sells units back cheaper than they were bought.
+ */
+export declare const scaleMorphoMidnightDebtSplit: <T extends Pick<MorphoMidnightBorrowInfo, "debtBase" | "debtInterest">>({ debtBase, debtInterest }: T, borrowedBefore: Dec.Value, borrowedAfter: Dec.Value) => Pick<MorphoMidnightBorrowInfo, "debtBase" | "debtInterest">;
 /**
  * One side of a market's resting order book, as rates rather than the API's WAD-scaled loan-per-unit
  * prices. Annualizing each price against time-to-maturity gives the rate a taker filling that offer gets

package/cjs/helpers/morphoMidnightHelpers/index.js

@@ -12,7 +12,7 @@ var __importDefault = (this && this.__importDefault) || function (mod) {
     return (mod && mod.__esModule) ? mod : { "default": mod };
 };
 Object.defineProperty(exports, "__esModule", { value: true });
-exports.getMorphoMidnightPaybackUnitsQuote = exports.getMorphoMidnightPaybackQuote = exports.getMorphoMidnightBorrowQuote = exports.getMorphoMidnightMarketBook = exports.getMorphoMidnightUserBorrowInfo = exports.midnightSlippageParam = exports.getMorphoMidnightAggregatedPositionData = exports.tenorOfferToApiOffer = exports.tenorOfferFillToApiFill = exports.tenorBookRateToApyPercent = exports.tenorBookKeyFor = exports.MIDNIGHT_DEFAULT_RATE_SLIPPAGE = exports.midnightTimeToMaturityDays = exports.midnightPriceFromApy = exports.midnightBoundPrice = exports.midnightBookBestFirst = exports.midnightApyFromPrice = exports.buildMidnightParsedBook = void 0;
+exports.getMorphoMidnightPaybackUnitsQuote = exports.getMorphoMidnightPaybackQuote = exports.getMorphoMidnightBorrowQuote = exports.getMorphoMidnightMarketBook = exports.scaleMorphoMidnightDebtSplit = exports.getMorphoMidnightUserBorrowInfo = exports.midnightSlippageParam = exports.getMorphoMidnightAggregatedPositionData = exports.tenorOfferToApiOffer = exports.tenorOfferFillToApiFill = exports.tenorBookRateToApyPercent = exports.tenorBookKeyFor = exports.MIDNIGHT_DEFAULT_RATE_SLIPPAGE = exports.midnightTimeToMaturityDays = exports.midnightPriceFromApy = exports.midnightBoundPrice = exports.midnightBookBestFirst = exports.midnightApyFromPrice = exports.buildMidnightParsedBook = void 0;
 const decimal_js_1 = __importDefault(require("decimal.js"));
 const tokens_1 = require("@defisaver/tokens");
 const moneymarket_1 = require("../../moneymarket");
@@ -54,6 +54,12 @@ const getMorphoMidnightAggregatedPositionData = ({ usedAssets, assetsData, marke
     // borrowLimit = Σ collateralUsd_i * lltv_i (per-collateral lltv carried on assetsData)
     payload.borrowLimitUsd = (0, moneymarket_1.getAssetsTotal)(usedAssets, ({ isSupplied, collateral }) => isSupplied && collateral, ({ symbol, suppliedUsd }) => { var _a; return new decimal_js_1.default(suppliedUsd).mul(((_a = assetsData[symbol]) === null || _a === void 0 ? void 0 : _a.lltv) || 0); });
     payload.liquidationLimitUsd = payload.borrowLimitUsd;
+    // Same subtraction every other money market uses, but it does NOT mean the same thing here. Elsewhere
+    // `borrowedUsd` is debt at present value, so the remainder is what a borrow would pay out. Midnight
+    // records debt at its face value at maturity, so this is face-value headroom: borrowing it would add
+    // more debt than the number says, by the market's discount. Anything surfacing this as "what you can
+    // borrow" has to scale it by the loan-per-unit price first (`midnightPriceFromApy` off a book rate) —
+    // a correction that grows with the term, past 7% on a one-year market.
     const leftToBorrowUsd = new decimal_js_1.default(payload.borrowLimitUsd).sub(payload.borrowedUsd);
     payload.leftToBorrowUsd = leftToBorrowUsd.lte('0') ? '0' : leftToBorrowUsd.toString();
     const loanTokenPrice = ((_a = assetsData[marketInfo.loanToken]) === null || _a === void 0 ? void 0 : _a.price) || '0';
@@ -140,6 +146,33 @@ const getMorphoMidnightUserBorrowInfo = (account, marketId, loanTokenSymbol) =>
     };
 });
 exports.getMorphoMidnightUserBorrowInfo = getMorphoMidnightUserBorrowInfo;
+/**
+ * The inverse of the split above: where `getMorphoMidnightUserBorrowInfo` reads a position's principal and
+ * interest off the indexer, this carries that same split forward through a payback, from a debt of
+ * `borrowedBefore` down to one of `borrowedAfter`. Retiring units retires principal and interest pro rata,
+ * so both scale by the same fraction.
+ *
+ * Deriving the interest as `borrowedAfter − debtBase` instead reads it off two different sources —
+ * `borrowed` is the chain's debt, `debtBase` the indexer's principal — so the entire gap between them lands
+ * in the interest whenever they disagree, which they do until the indexer catches up with a fresh borrow or
+ * payback: behind a borrow it inflates the interest by the debt the indexer has not seen yet, behind a
+ * payback it goes negative on a position that still owes. Callers detect that window as
+ * `debtBase + debtInterest !== debt`.
+ *
+ * Pro rata is also what keeps the answer sane when a payback retires debt at a different rate than the one
+ * it was opened at. Mirroring a borrow instead — principal growing by the assets received, interest by the
+ * rest — hands back a negative interest as soon as the book sells units back cheaper than they were bought.
+ */
+const scaleMorphoMidnightDebtSplit = ({ debtBase, debtInterest }, borrowedBefore, borrowedAfter) => {
+    const fractionRemaining = new decimal_js_1.default(borrowedBefore).lte(0)
+        ? new decimal_js_1.default(0)
+        : decimal_js_1.default.max(0, new decimal_js_1.default(borrowedAfter)).div(borrowedBefore);
+    return {
+        debtBase: new decimal_js_1.default(debtBase).mul(fractionRemaining).toString(),
+        debtInterest: new decimal_js_1.default(debtInterest).mul(fractionRemaining).toString(),
+    };
+};
+exports.scaleMorphoMidnightDebtSplit = scaleMorphoMidnightDebtSplit;
 /**
  * One side of a market's resting order book, as rates rather than the API's WAD-scaled loan-per-unit
  * prices. Annualizing each price against time-to-maturity gives the rate a taker filling that offer gets

package/cjs/morphoMidnight/index.js

@@ -169,12 +169,14 @@ function _getMorphoMidnightAccountData(provider, network, account, selectedMarke
         if (new decimal_js_1.default(positionInfo.debt.toString()).gt(0)) {
             try {
                 const borrowInfo = yield (0, morphoMidnightHelpers_1.getMorphoMidnightUserBorrowInfo)(account, marketId, marketInfo.loanToken);
-                borrowRate = borrowInfo.borrowRate;
-                debtBase = borrowInfo.debtBase;
-                debtInterest = borrowInfo.debtInterest;
-                usedAssets[marketInfo.loanToken].borrowRate = borrowRate;
-                // Reflect the real borrow cost in netApy without mutating the shared marketInfo.assetsData.
-                assetsDataForApy = Object.assign(Object.assign({}, marketInfo.assetsData), { [marketInfo.loanToken]: Object.assign(Object.assign({}, loanTokenData), { borrowRate }) });
+                if (new decimal_js_1.default(borrowInfo.debtTotal).gt(0)) {
+                    borrowRate = borrowInfo.borrowRate;
+                    debtBase = borrowInfo.debtBase;
+                    debtInterest = borrowInfo.debtInterest;
+                    usedAssets[marketInfo.loanToken].borrowRate = borrowRate;
+                    // Reflect the real borrow cost in netApy without mutating the shared marketInfo.assetsData.
+                    assetsDataForApy = Object.assign(Object.assign({}, marketInfo.assetsData), { [marketInfo.loanToken]: Object.assign(Object.assign({}, loanTokenData), { borrowRate }) });
+                }
             }
             catch (err) {
                 // Orderbook API unavailable — keep the on-chain-only fallback above.

package/esm/helpers/morphoMidnightHelpers/index.d.ts

@@ -74,6 +74,24 @@ export declare const midnightSlippageParam: (slippagePercent: Dec.Value) => stri
  * The caller swallows errors — a missing rate must never block position rendering.
  */
 export declare const getMorphoMidnightUserBorrowInfo: (account: string, marketId: string, loanTokenSymbol: string) => Promise<MorphoMidnightBorrowInfo>;
+/**
+ * The inverse of the split above: where `getMorphoMidnightUserBorrowInfo` reads a position's principal and
+ * interest off the indexer, this carries that same split forward through a payback, from a debt of
+ * `borrowedBefore` down to one of `borrowedAfter`. Retiring units retires principal and interest pro rata,
+ * so both scale by the same fraction.
+ *
+ * Deriving the interest as `borrowedAfter − debtBase` instead reads it off two different sources —
+ * `borrowed` is the chain's debt, `debtBase` the indexer's principal — so the entire gap between them lands
+ * in the interest whenever they disagree, which they do until the indexer catches up with a fresh borrow or
+ * payback: behind a borrow it inflates the interest by the debt the indexer has not seen yet, behind a
+ * payback it goes negative on a position that still owes. Callers detect that window as
+ * `debtBase + debtInterest !== debt`.
+ *
+ * Pro rata is also what keeps the answer sane when a payback retires debt at a different rate than the one
+ * it was opened at. Mirroring a borrow instead — principal growing by the assets received, interest by the
+ * rest — hands back a negative interest as soon as the book sells units back cheaper than they were bought.
+ */
+export declare const scaleMorphoMidnightDebtSplit: <T extends Pick<MorphoMidnightBorrowInfo, "debtBase" | "debtInterest">>({ debtBase, debtInterest }: T, borrowedBefore: Dec.Value, borrowedAfter: Dec.Value) => Pick<MorphoMidnightBorrowInfo, "debtBase" | "debtInterest">;
 /**
  * One side of a market's resting order book, as rates rather than the API's WAD-scaled loan-per-unit
  * prices. Annualizing each price against time-to-maturity gives the rate a taker filling that offer gets

package/esm/helpers/morphoMidnightHelpers/index.js

@@ -37,6 +37,12 @@ export const getMorphoMidnightAggregatedPositionData = ({ usedAssets, assetsData
     // borrowLimit = Σ collateralUsd_i * lltv_i (per-collateral lltv carried on assetsData)
     payload.borrowLimitUsd = getAssetsTotal(usedAssets, ({ isSupplied, collateral }) => isSupplied && collateral, ({ symbol, suppliedUsd }) => { var _a; return new Dec(suppliedUsd).mul(((_a = assetsData[symbol]) === null || _a === void 0 ? void 0 : _a.lltv) || 0); });
     payload.liquidationLimitUsd = payload.borrowLimitUsd;
+    // Same subtraction every other money market uses, but it does NOT mean the same thing here. Elsewhere
+    // `borrowedUsd` is debt at present value, so the remainder is what a borrow would pay out. Midnight
+    // records debt at its face value at maturity, so this is face-value headroom: borrowing it would add
+    // more debt than the number says, by the market's discount. Anything surfacing this as "what you can
+    // borrow" has to scale it by the loan-per-unit price first (`midnightPriceFromApy` off a book rate) —
+    // a correction that grows with the term, past 7% on a one-year market.
     const leftToBorrowUsd = new Dec(payload.borrowLimitUsd).sub(payload.borrowedUsd);
     payload.leftToBorrowUsd = leftToBorrowUsd.lte('0') ? '0' : leftToBorrowUsd.toString();
     const loanTokenPrice = ((_a = assetsData[marketInfo.loanToken]) === null || _a === void 0 ? void 0 : _a.price) || '0';
@@ -120,6 +126,32 @@ export const getMorphoMidnightUserBorrowInfo = (account, marketId, loanTokenSymb
         borrowRate, debtBase, debtInterest, debtTotal,
     };
 });
+/**
+ * The inverse of the split above: where `getMorphoMidnightUserBorrowInfo` reads a position's principal and
+ * interest off the indexer, this carries that same split forward through a payback, from a debt of
+ * `borrowedBefore` down to one of `borrowedAfter`. Retiring units retires principal and interest pro rata,
+ * so both scale by the same fraction.
+ *
+ * Deriving the interest as `borrowedAfter − debtBase` instead reads it off two different sources —
+ * `borrowed` is the chain's debt, `debtBase` the indexer's principal — so the entire gap between them lands
+ * in the interest whenever they disagree, which they do until the indexer catches up with a fresh borrow or
+ * payback: behind a borrow it inflates the interest by the debt the indexer has not seen yet, behind a
+ * payback it goes negative on a position that still owes. Callers detect that window as
+ * `debtBase + debtInterest !== debt`.
+ *
+ * Pro rata is also what keeps the answer sane when a payback retires debt at a different rate than the one
+ * it was opened at. Mirroring a borrow instead — principal growing by the assets received, interest by the
+ * rest — hands back a negative interest as soon as the book sells units back cheaper than they were bought.
+ */
+export const scaleMorphoMidnightDebtSplit = ({ debtBase, debtInterest }, borrowedBefore, borrowedAfter) => {
+    const fractionRemaining = new Dec(borrowedBefore).lte(0)
+        ? new Dec(0)
+        : Dec.max(0, new Dec(borrowedAfter)).div(borrowedBefore);
+    return {
+        debtBase: new Dec(debtBase).mul(fractionRemaining).toString(),
+        debtInterest: new Dec(debtInterest).mul(fractionRemaining).toString(),
+    };
+};
 /**
  * One side of a market's resting order book, as rates rather than the API's WAD-scaled loan-per-unit
  * prices. Annualizing each price against time-to-maturity gives the rate a taker filling that offer gets

package/esm/morphoMidnight/index.js

@@ -158,12 +158,14 @@ export function _getMorphoMidnightAccountData(provider, network, account, select
         if (new Dec(positionInfo.debt.toString()).gt(0)) {
             try {
                 const borrowInfo = yield getMorphoMidnightUserBorrowInfo(account, marketId, marketInfo.loanToken);
-                borrowRate = borrowInfo.borrowRate;
-                debtBase = borrowInfo.debtBase;
-                debtInterest = borrowInfo.debtInterest;
-                usedAssets[marketInfo.loanToken].borrowRate = borrowRate;
-                // Reflect the real borrow cost in netApy without mutating the shared marketInfo.assetsData.
-                assetsDataForApy = Object.assign(Object.assign({}, marketInfo.assetsData), { [marketInfo.loanToken]: Object.assign(Object.assign({}, loanTokenData), { borrowRate }) });
+                if (new Dec(borrowInfo.debtTotal).gt(0)) {
+                    borrowRate = borrowInfo.borrowRate;
+                    debtBase = borrowInfo.debtBase;
+                    debtInterest = borrowInfo.debtInterest;
+                    usedAssets[marketInfo.loanToken].borrowRate = borrowRate;
+                    // Reflect the real borrow cost in netApy without mutating the shared marketInfo.assetsData.
+                    assetsDataForApy = Object.assign(Object.assign({}, marketInfo.assetsData), { [marketInfo.loanToken]: Object.assign(Object.assign({}, loanTokenData), { borrowRate }) });
+                }
             }
             catch (err) {
                 // Orderbook API unavailable — keep the on-chain-only fallback above.

package/package.json

@@ -1,6 +1,6 @@
 {
   "name": "@defisaver/positions-sdk",
-  "version": "2.1.127-midnight-10-dev",
+  "version": "2.1.127-midnight-12-dev",
   "description": "",
   "main": "./cjs/index.js",
   "module": "./esm/index.js",

package/src/helpers/morphoMidnightHelpers/index.ts

@@ -74,6 +74,12 @@ export const getMorphoMidnightAggregatedPositionData = ({
   );
   payload.liquidationLimitUsd = payload.borrowLimitUsd;
 
+  // Same subtraction every other money market uses, but it does NOT mean the same thing here. Elsewhere
+  // `borrowedUsd` is debt at present value, so the remainder is what a borrow would pay out. Midnight
+  // records debt at its face value at maturity, so this is face-value headroom: borrowing it would add
+  // more debt than the number says, by the market's discount. Anything surfacing this as "what you can
+  // borrow" has to scale it by the loan-per-unit price first (`midnightPriceFromApy` off a book rate) —
+  // a correction that grows with the term, past 7% on a one-year market.
   const leftToBorrowUsd = new Dec(payload.borrowLimitUsd).sub(payload.borrowedUsd);
   payload.leftToBorrowUsd = leftToBorrowUsd.lte('0') ? '0' : leftToBorrowUsd.toString();
 
@@ -250,6 +256,38 @@ export const getMorphoMidnightUserBorrowInfo = async (
   };
 };
 
+/**
+ * The inverse of the split above: where `getMorphoMidnightUserBorrowInfo` reads a position's principal and
+ * interest off the indexer, this carries that same split forward through a payback, from a debt of
+ * `borrowedBefore` down to one of `borrowedAfter`. Retiring units retires principal and interest pro rata,
+ * so both scale by the same fraction.
+ *
+ * Deriving the interest as `borrowedAfter − debtBase` instead reads it off two different sources —
+ * `borrowed` is the chain's debt, `debtBase` the indexer's principal — so the entire gap between them lands
+ * in the interest whenever they disagree, which they do until the indexer catches up with a fresh borrow or
+ * payback: behind a borrow it inflates the interest by the debt the indexer has not seen yet, behind a
+ * payback it goes negative on a position that still owes. Callers detect that window as
+ * `debtBase + debtInterest !== debt`.
+ *
+ * Pro rata is also what keeps the answer sane when a payback retires debt at a different rate than the one
+ * it was opened at. Mirroring a borrow instead — principal growing by the assets received, interest by the
+ * rest — hands back a negative interest as soon as the book sells units back cheaper than they were bought.
+ */
+export const scaleMorphoMidnightDebtSplit = <T extends Pick<MorphoMidnightBorrowInfo, 'debtBase' | 'debtInterest'>>(
+  { debtBase, debtInterest }: T,
+  borrowedBefore: Dec.Value,
+  borrowedAfter: Dec.Value,
+): Pick<MorphoMidnightBorrowInfo, 'debtBase' | 'debtInterest'> => {
+  const fractionRemaining = new Dec(borrowedBefore).lte(0)
+    ? new Dec(0)
+    : Dec.max(0, new Dec(borrowedAfter)).div(borrowedBefore);
+
+  return {
+    debtBase: new Dec(debtBase).mul(fractionRemaining).toString(),
+    debtInterest: new Dec(debtInterest).mul(fractionRemaining).toString(),
+  };
+};
+
 /**
  * One side of a market's resting order book, as rates rather than the API's WAD-scaled loan-per-unit
  * prices. Annualizing each price against time-to-maturity gives the rate a taker filling that offer gets

package/src/morphoMidnight/index.ts

@@ -167,15 +167,17 @@ export async function _getMorphoMidnightAccountData(provider: Client, network: N
   if (new Dec(positionInfo.debt.toString()).gt(0)) {
     try {
       const borrowInfo = await getMorphoMidnightUserBorrowInfo(account, marketId, marketInfo.loanToken);
-      borrowRate = borrowInfo.borrowRate;
-      debtBase = borrowInfo.debtBase;
-      debtInterest = borrowInfo.debtInterest;
-      usedAssets[marketInfo.loanToken].borrowRate = borrowRate;
-      // Reflect the real borrow cost in netApy without mutating the shared marketInfo.assetsData.
-      assetsDataForApy = {
-        ...marketInfo.assetsData,
-        [marketInfo.loanToken]: { ...loanTokenData, borrowRate },
-      };
+      if (new Dec(borrowInfo.debtTotal).gt(0)) {
+        borrowRate = borrowInfo.borrowRate;
+        debtBase = borrowInfo.debtBase;
+        debtInterest = borrowInfo.debtInterest;
+        usedAssets[marketInfo.loanToken].borrowRate = borrowRate;
+        // Reflect the real borrow cost in netApy without mutating the shared marketInfo.assetsData.
+        assetsDataForApy = {
+          ...marketInfo.assetsData,
+          [marketInfo.loanToken]: { ...loanTokenData, borrowRate },
+        };
+      }
     } catch (err) {
       // Orderbook API unavailable — keep the on-chain-only fallback above.
     }