@defisaver/positions-sdk 2.1.127-midnight-11-dev → 2.1.127-midnight-13-dev

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

@@ -64,6 +64,7 @@ export interface MorphoMidnightPaybackUnitsQuote {
  * Rounded **down**, since a wider slippage is a looser cap than the caller asked for.
  */
 export declare const midnightSlippageParam: (slippagePercent: Dec.Value) => string;
+export declare const morphoMidnightMarketReportsBorrowInfo: (market: Pick<MorphoMidnightMarketData, "curator"> | string) => boolean;
 /**
  * Current borrower rate + debt breakdown from the Midnight positions API. Reconstructing this from the raw
  * `/transactions` fill history only sums `borrow` fills, so it overstates debt for any position with an
@@ -74,6 +75,24 @@ 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: ({ debtBase, debtInterest }: Pick<MorphoMidnightBorrowInfo, "debtBase" | "debtInterest">, 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.morphoMidnightMarketReportsBorrowInfo = 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';
@@ -117,6 +123,8 @@ const MIDNIGHT_SLIPPAGE_MAX = 100;
  */
 const midnightSlippageParam = (slippagePercent) => decimal_js_1.default.min(decimal_js_1.default.max(new decimal_js_1.default(slippagePercent), MIDNIGHT_SLIPPAGE_MIN), MIDNIGHT_SLIPPAGE_MAX).toDP(1, decimal_js_1.default.ROUND_DOWN).toString();
 exports.midnightSlippageParam = midnightSlippageParam;
+const morphoMidnightMarketReportsBorrowInfo = (market) => (!(0, morphoMidnight_1.isTenorMidnightMarket)(market));
+exports.morphoMidnightMarketReportsBorrowInfo = morphoMidnightMarketReportsBorrowInfo;
 /**
  * Current borrower rate + debt breakdown from the Midnight positions API. Reconstructing this from the raw
  * `/transactions` fill history only sums `borrow` fills, so it overstates debt for any position with an
@@ -140,6 +148,33 @@ 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

@@ -22,6 +22,7 @@ const decimal_js_1 = __importDefault(require("decimal.js"));
 const tokens_1 = require("@defisaver/tokens");
 const common_1 = require("../types/common");
 const contracts_1 = require("../contracts");
+const types_1 = require("../types");
 const constants_1 = require("../constants");
 const staking_1 = require("../staking");
 const utils_1 = require("../services/utils");
@@ -165,21 +166,37 @@ function _getMorphoMidnightAccountData(provider, network, account, selectedMarke
         let borrowRate = '0';
         let debtBase = debt; // fallback: treat the full on-chain debt as principal until fill history is known
         let debtInterest = '0';
+        let borrowInfoStatus = types_1.MorphoMidnightBorrowInfoStatus.Available;
         let assetsDataForApy = marketInfo.assetsData;
         if (new decimal_js_1.default(positionInfo.debt.toString()).gt(0)) {
-            try {
-                const borrowInfo = yield (0, morphoMidnightHelpers_1.getMorphoMidnightUserBorrowInfo)(account, marketId, marketInfo.loanToken);
-                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 }) });
-                }
+            if (!(0, morphoMidnightHelpers_1.morphoMidnightMarketReportsBorrowInfo)(selectedMarket)) {
+                borrowInfoStatus = types_1.MorphoMidnightBorrowInfoStatus.Unavailable;
             }
-            catch (err) {
-                // Orderbook API unavailable — keep the on-chain-only fallback above.
+            else {
+                try {
+                    const borrowInfo = yield (0, morphoMidnightHelpers_1.getMorphoMidnightUserBorrowInfo)(account, marketId, marketInfo.loanToken);
+                    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 }) });
+                        const describesChainDebt = new decimal_js_1.default(borrowInfo.debtTotal).eq(debt);
+                        const ratePriced = new decimal_js_1.default(borrowRate).gt(0) || new decimal_js_1.default(debtInterest).lte(0);
+                        borrowInfoStatus = describesChainDebt && ratePriced
+                            ? types_1.MorphoMidnightBorrowInfoStatus.Available
+                            : types_1.MorphoMidnightBorrowInfoStatus.Pending;
+                    }
+                    else {
+                        // No entry for the position: the API does not know it yet, rather than it having no principal.
+                        borrowInfoStatus = types_1.MorphoMidnightBorrowInfoStatus.Pending;
+                    }
+                }
+                catch (err) {
+                    // Positions API unreachable — the fallback above still renders, and the next call may succeed.
+                    borrowInfoStatus = types_1.MorphoMidnightBorrowInfoStatus.Pending;
+                }
             }
         }
         return Object.assign({ usedAssets,
@@ -187,7 +204,8 @@ function _getMorphoMidnightAccountData(provider, network, account, selectedMarke
             debt,
             borrowRate,
             debtBase,
-            debtInterest, maturity: marketInfo.maturity, isMatured: marketInfo.isMatured }, (0, morphoMidnightHelpers_1.getMorphoMidnightAggregatedPositionData)({ usedAssets, assetsData: assetsDataForApy, marketInfo }));
+            debtInterest,
+            borrowInfoStatus, maturity: marketInfo.maturity, isMatured: marketInfo.isMatured }, (0, morphoMidnightHelpers_1.getMorphoMidnightAggregatedPositionData)({ usedAssets, assetsData: assetsDataForApy, marketInfo }));
     });
 }
 function getMorphoMidnightAccountData(provider, network, account, selectedMarket, marketInfo) {

package/cjs/types/morphoMidnight.d.ts

@@ -113,6 +113,24 @@ export interface MorphoMidnightAggregatedPositionData {
     collLiquidationRatio?: string;
     exposure: string;
 }
+/**
+ * How much weight `borrowRate` / `debtBase` / `debtInterest` carry on a given position. They fall back to
+ * `'0'` / `debt` / `'0'`, which is indistinguishable from a real 0%-interest position, so anything
+ * displaying them has to read this to know whether it is looking at a number or at a placeholder.
+ *
+ * - `Available` — reported and reconciled against the on-chain debt (also lenders and debt-free positions,
+ *   which have nothing to report).
+ * - `Pending` — the indexer has not caught up with the chain yet: it does not know the position, or its
+ *   split describes a different debt. Refetching resolves it; `getMorphoMidnightUserBorrowInfo` failing
+ *   outright lands here too, since the next call may well succeed.
+ * - `Unavailable` — no source covers this market, so refetching changes nothing. See
+ *   `morphoMidnightMarketReportsBorrowInfo`.
+ */
+export declare enum MorphoMidnightBorrowInfoStatus {
+    Available = "available",
+    Pending = "pending",
+    Unavailable = "unavailable"
+}
 export interface MorphoMidnightPositionData extends MorphoMidnightAggregatedPositionData {
     usedAssets: MMUsedAssets;
     credit: string;
@@ -120,6 +138,7 @@ export interface MorphoMidnightPositionData extends MorphoMidnightAggregatedPosi
     borrowRate: string;
     debtBase: string;
     debtInterest: string;
+    borrowInfoStatus: MorphoMidnightBorrowInfoStatus;
     maturity: number;
     isMatured: boolean;
 }

package/cjs/types/morphoMidnight.js

@@ -1,6 +1,6 @@
 "use strict";
 Object.defineProperty(exports, "__esModule", { value: true });
-exports.MorphoMidnightVersions = void 0;
+exports.MorphoMidnightBorrowInfoStatus = exports.MorphoMidnightVersions = void 0;
 var MorphoMidnightVersions;
 (function (MorphoMidnightVersions) {
     // BASE
@@ -29,3 +29,22 @@ var MorphoMidnightVersions;
     MorphoMidnightVersions["MorphoMidnightTenorCbETHWETH_20261119_Base"] = "morphomidnighttenorcbethweth_20261119_base";
     MorphoMidnightVersions["MorphoMidnightTenorCbETHWETH_20261217_Base"] = "morphomidnighttenorcbethweth_20261217_base";
 })(MorphoMidnightVersions || (exports.MorphoMidnightVersions = MorphoMidnightVersions = {}));
+/**
+ * How much weight `borrowRate` / `debtBase` / `debtInterest` carry on a given position. They fall back to
+ * `'0'` / `debt` / `'0'`, which is indistinguishable from a real 0%-interest position, so anything
+ * displaying them has to read this to know whether it is looking at a number or at a placeholder.
+ *
+ * - `Available` — reported and reconciled against the on-chain debt (also lenders and debt-free positions,
+ *   which have nothing to report).
+ * - `Pending` — the indexer has not caught up with the chain yet: it does not know the position, or its
+ *   split describes a different debt. Refetching resolves it; `getMorphoMidnightUserBorrowInfo` failing
+ *   outright lands here too, since the next call may well succeed.
+ * - `Unavailable` — no source covers this market, so refetching changes nothing. See
+ *   `morphoMidnightMarketReportsBorrowInfo`.
+ */
+var MorphoMidnightBorrowInfoStatus;
+(function (MorphoMidnightBorrowInfoStatus) {
+    MorphoMidnightBorrowInfoStatus["Available"] = "available";
+    MorphoMidnightBorrowInfoStatus["Pending"] = "pending";
+    MorphoMidnightBorrowInfoStatus["Unavailable"] = "unavailable";
+})(MorphoMidnightBorrowInfoStatus || (exports.MorphoMidnightBorrowInfoStatus = MorphoMidnightBorrowInfoStatus = {}));

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

@@ -64,6 +64,7 @@ export interface MorphoMidnightPaybackUnitsQuote {
  * Rounded **down**, since a wider slippage is a looser cap than the caller asked for.
  */
 export declare const midnightSlippageParam: (slippagePercent: Dec.Value) => string;
+export declare const morphoMidnightMarketReportsBorrowInfo: (market: Pick<MorphoMidnightMarketData, "curator"> | string) => boolean;
 /**
  * Current borrower rate + debt breakdown from the Midnight positions API. Reconstructing this from the raw
  * `/transactions` fill history only sums `borrow` fills, so it overstates debt for any position with an
@@ -74,6 +75,24 @@ 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: ({ debtBase, debtInterest }: Pick<MorphoMidnightBorrowInfo, "debtBase" | "debtInterest">, 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';
@@ -98,6 +104,7 @@ const MIDNIGHT_SLIPPAGE_MAX = 100;
  * Rounded **down**, since a wider slippage is a looser cap than the caller asked for.
  */
 export const midnightSlippageParam = (slippagePercent) => Dec.min(Dec.max(new Dec(slippagePercent), MIDNIGHT_SLIPPAGE_MIN), MIDNIGHT_SLIPPAGE_MAX).toDP(1, Dec.ROUND_DOWN).toString();
+export const morphoMidnightMarketReportsBorrowInfo = (market) => (!isTenorMidnightMarket(market));
 /**
  * Current borrower rate + debt breakdown from the Midnight positions API. Reconstructing this from the raw
  * `/transactions` fill history only sums `borrow` fills, so it overstates debt for any position with an
@@ -120,6 +127,32 @@ 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

@@ -11,10 +11,11 @@ import Dec from 'decimal.js';
 import { assetAmountInEth, getAssetInfoByAddress } from '@defisaver/tokens';
 import { NetworkNumber, } from '../types/common';
 import { DFSFeedRegistryContractViem, FeedRegistryContractViem, MorphoMidnightViewContractViem, } from '../contracts';
+import { MorphoMidnightBorrowInfoStatus, } from '../types';
 import { USD_QUOTE } from '../constants';
 import { calculateNetApy } from '../staking';
 import { isMainnetNetwork, wethToEth } from '../services/utils';
-import { getMorphoMidnightAggregatedPositionData, getMorphoMidnightUserBorrowInfo } from '../helpers/morphoMidnightHelpers';
+import { getMorphoMidnightAggregatedPositionData, getMorphoMidnightUserBorrowInfo, morphoMidnightMarketReportsBorrowInfo } from '../helpers/morphoMidnightHelpers';
 import { getChainlinkAssetAddress } from '../services/priceService';
 import { getViemProvider, setViemBlockNumber } from '../services/viem';
 const HARDCODED_USD_STABLE_PRICE = '100000000'; // $1 with 8 decimals
@@ -154,21 +155,37 @@ export function _getMorphoMidnightAccountData(provider, network, account, select
         let borrowRate = '0';
         let debtBase = debt; // fallback: treat the full on-chain debt as principal until fill history is known
         let debtInterest = '0';
+        let borrowInfoStatus = MorphoMidnightBorrowInfoStatus.Available;
         let assetsDataForApy = marketInfo.assetsData;
         if (new Dec(positionInfo.debt.toString()).gt(0)) {
-            try {
-                const borrowInfo = yield getMorphoMidnightUserBorrowInfo(account, marketId, marketInfo.loanToken);
-                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 }) });
-                }
+            if (!morphoMidnightMarketReportsBorrowInfo(selectedMarket)) {
+                borrowInfoStatus = MorphoMidnightBorrowInfoStatus.Unavailable;
             }
-            catch (err) {
-                // Orderbook API unavailable — keep the on-chain-only fallback above.
+            else {
+                try {
+                    const borrowInfo = yield getMorphoMidnightUserBorrowInfo(account, marketId, marketInfo.loanToken);
+                    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 }) });
+                        const describesChainDebt = new Dec(borrowInfo.debtTotal).eq(debt);
+                        const ratePriced = new Dec(borrowRate).gt(0) || new Dec(debtInterest).lte(0);
+                        borrowInfoStatus = describesChainDebt && ratePriced
+                            ? MorphoMidnightBorrowInfoStatus.Available
+                            : MorphoMidnightBorrowInfoStatus.Pending;
+                    }
+                    else {
+                        // No entry for the position: the API does not know it yet, rather than it having no principal.
+                        borrowInfoStatus = MorphoMidnightBorrowInfoStatus.Pending;
+                    }
+                }
+                catch (err) {
+                    // Positions API unreachable — the fallback above still renders, and the next call may succeed.
+                    borrowInfoStatus = MorphoMidnightBorrowInfoStatus.Pending;
+                }
             }
         }
         return Object.assign({ usedAssets,
@@ -176,7 +193,8 @@ export function _getMorphoMidnightAccountData(provider, network, account, select
             debt,
             borrowRate,
             debtBase,
-            debtInterest, maturity: marketInfo.maturity, isMatured: marketInfo.isMatured }, getMorphoMidnightAggregatedPositionData({ usedAssets, assetsData: assetsDataForApy, marketInfo }));
+            debtInterest,
+            borrowInfoStatus, maturity: marketInfo.maturity, isMatured: marketInfo.isMatured }, getMorphoMidnightAggregatedPositionData({ usedAssets, assetsData: assetsDataForApy, marketInfo }));
     });
 }
 export function getMorphoMidnightAccountData(provider, network, account, selectedMarket, marketInfo) {

package/esm/types/morphoMidnight.d.ts

@@ -113,6 +113,24 @@ export interface MorphoMidnightAggregatedPositionData {
     collLiquidationRatio?: string;
     exposure: string;
 }
+/**
+ * How much weight `borrowRate` / `debtBase` / `debtInterest` carry on a given position. They fall back to
+ * `'0'` / `debt` / `'0'`, which is indistinguishable from a real 0%-interest position, so anything
+ * displaying them has to read this to know whether it is looking at a number or at a placeholder.
+ *
+ * - `Available` — reported and reconciled against the on-chain debt (also lenders and debt-free positions,
+ *   which have nothing to report).
+ * - `Pending` — the indexer has not caught up with the chain yet: it does not know the position, or its
+ *   split describes a different debt. Refetching resolves it; `getMorphoMidnightUserBorrowInfo` failing
+ *   outright lands here too, since the next call may well succeed.
+ * - `Unavailable` — no source covers this market, so refetching changes nothing. See
+ *   `morphoMidnightMarketReportsBorrowInfo`.
+ */
+export declare enum MorphoMidnightBorrowInfoStatus {
+    Available = "available",
+    Pending = "pending",
+    Unavailable = "unavailable"
+}
 export interface MorphoMidnightPositionData extends MorphoMidnightAggregatedPositionData {
     usedAssets: MMUsedAssets;
     credit: string;
@@ -120,6 +138,7 @@ export interface MorphoMidnightPositionData extends MorphoMidnightAggregatedPosi
     borrowRate: string;
     debtBase: string;
     debtInterest: string;
+    borrowInfoStatus: MorphoMidnightBorrowInfoStatus;
     maturity: number;
     isMatured: boolean;
 }

package/esm/types/morphoMidnight.js

@@ -26,3 +26,22 @@ export var MorphoMidnightVersions;
     MorphoMidnightVersions["MorphoMidnightTenorCbETHWETH_20261119_Base"] = "morphomidnighttenorcbethweth_20261119_base";
     MorphoMidnightVersions["MorphoMidnightTenorCbETHWETH_20261217_Base"] = "morphomidnighttenorcbethweth_20261217_base";
 })(MorphoMidnightVersions || (MorphoMidnightVersions = {}));
+/**
+ * How much weight `borrowRate` / `debtBase` / `debtInterest` carry on a given position. They fall back to
+ * `'0'` / `debt` / `'0'`, which is indistinguishable from a real 0%-interest position, so anything
+ * displaying them has to read this to know whether it is looking at a number or at a placeholder.
+ *
+ * - `Available` — reported and reconciled against the on-chain debt (also lenders and debt-free positions,
+ *   which have nothing to report).
+ * - `Pending` — the indexer has not caught up with the chain yet: it does not know the position, or its
+ *   split describes a different debt. Refetching resolves it; `getMorphoMidnightUserBorrowInfo` failing
+ *   outright lands here too, since the next call may well succeed.
+ * - `Unavailable` — no source covers this market, so refetching changes nothing. See
+ *   `morphoMidnightMarketReportsBorrowInfo`.
+ */
+export var MorphoMidnightBorrowInfoStatus;
+(function (MorphoMidnightBorrowInfoStatus) {
+    MorphoMidnightBorrowInfoStatus["Available"] = "available";
+    MorphoMidnightBorrowInfoStatus["Pending"] = "pending";
+    MorphoMidnightBorrowInfoStatus["Unavailable"] = "unavailable";
+})(MorphoMidnightBorrowInfoStatus || (MorphoMidnightBorrowInfoStatus = {}));

package/package.json

@@ -1,6 +1,6 @@
 {
   "name": "@defisaver/positions-sdk",
-  "version": "2.1.127-midnight-11-dev",
+  "version": "2.1.127-midnight-13-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();
 
@@ -221,6 +227,10 @@ export const midnightSlippageParam = (slippagePercent: Dec.Value): string => Dec
   MIDNIGHT_SLIPPAGE_MAX,
 ).toDP(1, Dec.ROUND_DOWN).toString();
 
+export const morphoMidnightMarketReportsBorrowInfo = (market: Pick<MorphoMidnightMarketData, 'curator'> | string): boolean => (
+  !isTenorMidnightMarket(market)
+);
+
 /**
  * Current borrower rate + debt breakdown from the Midnight positions API. Reconstructing this from the raw
  * `/transactions` fill history only sums `borrow` fills, so it overstates debt for any position with an
@@ -250,6 +260,38 @@ 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 = (
+  { debtBase, debtInterest }: Pick<MorphoMidnightBorrowInfo, 'debtBase' | 'debtInterest'>,
+  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

@@ -8,12 +8,12 @@ import {
   DFSFeedRegistryContractViem, FeedRegistryContractViem, MorphoMidnightViewContractViem,
 } from '../contracts';
 import {
-  MorphoMidnightAssetsData, MorphoMidnightMarketData, MorphoMidnightMarketInfo, MorphoMidnightPositionData,
+  MorphoMidnightAssetsData, MorphoMidnightBorrowInfoStatus, MorphoMidnightMarketData, MorphoMidnightMarketInfo, MorphoMidnightPositionData,
 } from '../types';
 import { USD_QUOTE } from '../constants';
 import { calculateNetApy } from '../staking';
 import { isMainnetNetwork, wethToEth } from '../services/utils';
-import { getMorphoMidnightAggregatedPositionData, getMorphoMidnightUserBorrowInfo } from '../helpers/morphoMidnightHelpers';
+import { getMorphoMidnightAggregatedPositionData, getMorphoMidnightUserBorrowInfo, morphoMidnightMarketReportsBorrowInfo } from '../helpers/morphoMidnightHelpers';
 import { getChainlinkAssetAddress } from '../services/priceService';
 import { getViemProvider, setViemBlockNumber } from '../services/viem';
 
@@ -163,23 +163,37 @@ export async function _getMorphoMidnightAccountData(provider: Client, network: N
   let borrowRate = '0';
   let debtBase = debt; // fallback: treat the full on-chain debt as principal until fill history is known
   let debtInterest = '0';
+  let borrowInfoStatus = MorphoMidnightBorrowInfoStatus.Available;
   let assetsDataForApy = marketInfo.assetsData;
   if (new Dec(positionInfo.debt.toString()).gt(0)) {
-    try {
-      const borrowInfo = await getMorphoMidnightUserBorrowInfo(account, marketId, marketInfo.loanToken);
-      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 },
-        };
+    if (!morphoMidnightMarketReportsBorrowInfo(selectedMarket)) {
+      borrowInfoStatus = MorphoMidnightBorrowInfoStatus.Unavailable;
+    } else {
+      try {
+        const borrowInfo = await getMorphoMidnightUserBorrowInfo(account, marketId, marketInfo.loanToken);
+        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 },
+          };
+          const describesChainDebt = new Dec(borrowInfo.debtTotal).eq(debt);
+          const ratePriced = new Dec(borrowRate).gt(0) || new Dec(debtInterest).lte(0);
+          borrowInfoStatus = describesChainDebt && ratePriced
+            ? MorphoMidnightBorrowInfoStatus.Available
+            : MorphoMidnightBorrowInfoStatus.Pending;
+        } else {
+          // No entry for the position: the API does not know it yet, rather than it having no principal.
+          borrowInfoStatus = MorphoMidnightBorrowInfoStatus.Pending;
+        }
+      } catch (err) {
+        // Positions API unreachable — the fallback above still renders, and the next call may succeed.
+        borrowInfoStatus = MorphoMidnightBorrowInfoStatus.Pending;
       }
-    } catch (err) {
-      // Orderbook API unavailable — keep the on-chain-only fallback above.
     }
   }
 
@@ -190,6 +204,7 @@ export async function _getMorphoMidnightAccountData(provider: Client, network: N
     borrowRate,
     debtBase,
     debtInterest,
+    borrowInfoStatus,
     maturity: marketInfo.maturity,
     isMatured: marketInfo.isMatured,
     ...getMorphoMidnightAggregatedPositionData({ usedAssets, assetsData: assetsDataForApy, marketInfo }),

package/src/types/morphoMidnight.ts

@@ -132,18 +132,35 @@ export interface MorphoMidnightAggregatedPositionData {
   exposure: string,
 }
 
+/**
+ * How much weight `borrowRate` / `debtBase` / `debtInterest` carry on a given position. They fall back to
+ * `'0'` / `debt` / `'0'`, which is indistinguishable from a real 0%-interest position, so anything
+ * displaying them has to read this to know whether it is looking at a number or at a placeholder.
+ *
+ * - `Available` — reported and reconciled against the on-chain debt (also lenders and debt-free positions,
+ *   which have nothing to report).
+ * - `Pending` — the indexer has not caught up with the chain yet: it does not know the position, or its
+ *   split describes a different debt. Refetching resolves it; `getMorphoMidnightUserBorrowInfo` failing
+ *   outright lands here too, since the next call may well succeed.
+ * - `Unavailable` — no source covers this market, so refetching changes nothing. See
+ *   `morphoMidnightMarketReportsBorrowInfo`.
+ */
+export enum MorphoMidnightBorrowInfoStatus {
+  Available = 'available',
+  Pending = 'pending',
+  Unavailable = 'unavailable',
+}
+
 // Fixed-rate/YTM (derived from entry price + orderbook) is intentionally absent in MVP:
 // MidnightView exposes no per-position rate, so a variable-MM-style APY would be misleading.
 export interface MorphoMidnightPositionData extends MorphoMidnightAggregatedPositionData {
   usedAssets: MMUsedAssets,
   credit: string, // lender credit units, face value at maturity (with interest); 0 for borrowers
   debt: string, // borrower debt, face value at maturity (with interest); 0 for lenders
-  // Borrow rate + base/interest split are orderbook-derived off-chain (from the Midnight transactions API):
-  // MidnightView only stores `debt` (= face value at maturity), so principal-vs-interest and the effective
-  // rate are computed from the fill history. Default to '0'/`debt`/'0' for lenders or when the API is unavailable.
   borrowRate: string, // weighted-average borrow APY as a percent
   debtBase: string, // base borrowed (principal), loan-token units
   debtInterest: string, // debt − debtBase (fixed interest owed at maturity), loan-token units
+  borrowInfoStatus: MorphoMidnightBorrowInfoStatus,
   maturity: number,
   isMatured: boolean,
 }