@defisaver/positions-sdk 2.1.14 → 2.1.16

package/cjs/liquityV2/index.d.ts

@@ -23,6 +23,8 @@ export declare const getLiquityV2UserTroveIds: (provider: EthereumProvider, netw
     }[];
     nextFreeTroveIndex: string;
 }>;
+export declare const calculateDebtInFrontLiquityV2: (markets: Record<LiquityV2Versions, LiquityV2MarketData>, selectedMarket: LiquityV2Versions, allMarketsUnbackedDebts: Record<LiquityV2Versions, string>, interestRateDebtInFront: string) => string;
+export declare const getDebtInFrontForInterestRateIncludingNewDebtLiquityV2: (newDebt: string, markets: Record<LiquityV2Versions, LiquityV2MarketData>, selectedMarket: LiquityV2Versions, provider: Client, network: NetworkNumber, interestRate: string) => Promise<string>;
 export declare const getDebtInFrontForInterestRateLiquityV2: (markets: Record<LiquityV2Versions, LiquityV2MarketData>, selectedMarket: LiquityV2Versions, provider: EthereumProvider, network: NetworkNumber, isLegacy: boolean, interestRate: string, debtInFrontBeingMoved?: string) => Promise<string>;
 export declare const _getLiquityV2TroveData: (provider: Client, network: NetworkNumber, { selectedMarket, assetsData, troveId, allMarketsData, }: {
     selectedMarket: LiquityV2MarketInfo;

package/cjs/liquityV2/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.getLiquitySAndYBold = exports.getLiquityV2Staking = exports.getLiquityV2ClaimableCollateral = exports.getLiquityV2TroveData = exports._getLiquityV2TroveData = exports.getDebtInFrontForInterestRateLiquityV2 = exports.getLiquityV2UserTroveIds = exports._getLiquityV2UserTroveIds = exports.getLiquityV2MarketData = exports._getLiquityV2MarketData = void 0;
+exports.getLiquitySAndYBold = exports.getLiquityV2Staking = exports.getLiquityV2ClaimableCollateral = exports.getLiquityV2TroveData = exports._getLiquityV2TroveData = exports.getDebtInFrontForInterestRateLiquityV2 = exports.getDebtInFrontForInterestRateIncludingNewDebtLiquityV2 = exports.calculateDebtInFrontLiquityV2 = exports.getLiquityV2UserTroveIds = exports._getLiquityV2UserTroveIds = exports.getLiquityV2MarketData = exports._getLiquityV2MarketData = void 0;
 const decimal_js_1 = __importDefault(require("decimal.js"));
 const tokens_1 = require("@defisaver/tokens");
 const contracts_1 = require("../contracts");
@@ -201,11 +201,39 @@ const getAllMarketsUnbackedDebts = (markets, isLegacy, provider, network) => __a
     return Object.fromEntries(allMarketsUnbackedDebt);
 });
 const calculateDebtInFrontLiquityV2 = (markets, selectedMarket, allMarketsUnbackedDebts, interestRateDebtInFront) => {
+    // Sanity check to avoid division by 0. Very unlikely to ever happen.
+    const selectedMarketTotalBorrow = new decimal_js_1.default(markets[selectedMarket].assetsData[(0, markets_1.LiquityV2Markets)(common_1.NetworkNumber.Eth)[selectedMarket].debtToken].totalBorrow);
+    if (selectedMarketTotalBorrow.eq(0))
+        return new decimal_js_1.default(0).toString();
     const selectedMarketUnbackedDebt = new decimal_js_1.default(allMarketsUnbackedDebts[selectedMarket]);
     const { isLegacy } = (0, markets_1.LiquityV2Markets)(common_1.NetworkNumber.Eth)[selectedMarket];
-    if (selectedMarketUnbackedDebt.eq(0))
-        return interestRateDebtInFront;
-    const amountBeingReedemedOnEachMarket = Object.entries(markets).map(([version, market]) => {
+    const totalUnbackedDebt = Object.values(allMarketsUnbackedDebts).reduce((acc, val) => acc.plus(new decimal_js_1.default(val)), new decimal_js_1.default(0));
+    // When totalUnbackedDebt is 0, redemptions will be proportional with the branch size and not to unbacked debt.
+    // When unbacked debt is 0 for branch, next redemption call won't touch that branch, so in order to estimate total debt in front we will:
+    // - First add up all the unbacked debt from other branches, as that will be the only debt that will be redeemed on the fist redemption call
+    // - Perform split the same way as we would do when totalUnbackedDebt == 0, this would represent the second call to the redemption function
+    if (selectedMarketUnbackedDebt.eq(0)) {
+        // Special case if the branch debt in front is 0, it means that all debt in front is unbacked debt from other branches.
+        if (new decimal_js_1.default(interestRateDebtInFront).eq(0))
+            return totalUnbackedDebt.toString();
+        // Then calculate how much of that estimated amount would go to each branch
+        // Second redemption call - calculate proportional redemption based on updated total debt
+        const amountBeingRedeemedOnEachMarketByTotalBorrow = Object.entries(markets).map(([version, market]) => {
+            const { isLegacy: isLegacyMarket } = (0, markets_1.LiquityV2Markets)(common_1.NetworkNumber.Eth)[version];
+            if (version === selectedMarket && isLegacyMarket !== isLegacy)
+                return new decimal_js_1.default(interestRateDebtInFront);
+            const { assetsData } = market;
+            const { debtToken } = (0, markets_1.LiquityV2Markets)(common_1.NetworkNumber.Eth)[version];
+            // For other markets, subtract their unbacked debt as it will be cleared in first redemption call
+            const marketUnbackedDebt = new decimal_js_1.default(allMarketsUnbackedDebts[version]);
+            const totalBorrow = new decimal_js_1.default(assetsData[debtToken].totalBorrow).sub(marketUnbackedDebt);
+            const amountToRedeem = new decimal_js_1.default(interestRateDebtInFront).mul(totalBorrow).div(selectedMarketTotalBorrow);
+            return decimal_js_1.default.min(amountToRedeem, totalBorrow);
+        });
+        const redemptionAmount = amountBeingRedeemedOnEachMarketByTotalBorrow.reduce((acc, val) => acc.plus(val), new decimal_js_1.default(0));
+        return totalUnbackedDebt.plus(redemptionAmount).toString();
+    }
+    const amountBeingRedeemedOnEachMarketByUnbackedDebt = Object.entries(markets).map(([version, market]) => {
         const { isLegacy: isLegacyMarket } = (0, markets_1.LiquityV2Markets)(common_1.NetworkNumber.Eth)[version];
         if (version === selectedMarket && isLegacyMarket !== isLegacy)
             return new decimal_js_1.default(interestRateDebtInFront);
@@ -213,16 +241,31 @@ const calculateDebtInFrontLiquityV2 = (markets, selectedMarket, allMarketsUnback
         const { debtToken } = (0, markets_1.LiquityV2Markets)(common_1.NetworkNumber.Eth)[version];
         const unbackedDebt = new decimal_js_1.default(allMarketsUnbackedDebts[version]);
         const totalBorrow = new decimal_js_1.default(assetsData[debtToken].totalBorrow);
-        const amountToReedem = new decimal_js_1.default(interestRateDebtInFront).mul(unbackedDebt).div(selectedMarketUnbackedDebt);
-        return decimal_js_1.default.min(amountToReedem, totalBorrow);
+        const amountToRedeem = new decimal_js_1.default(interestRateDebtInFront).mul(unbackedDebt).div(selectedMarketUnbackedDebt);
+        return decimal_js_1.default.min(amountToRedeem, totalBorrow);
     });
-    return amountBeingReedemedOnEachMarket.reduce((acc, val) => acc.plus(val), new decimal_js_1.default(0)).toString();
+    return amountBeingRedeemedOnEachMarketByUnbackedDebt.reduce((acc, val) => acc.plus(val), new decimal_js_1.default(0)).toString();
 };
+exports.calculateDebtInFrontLiquityV2 = calculateDebtInFrontLiquityV2;
+// @dev The amount redeemed on each branch depends on the unbacked debt of every branch (the difference between total borrow and stability pool deposits).
+// When new debt is generated on the selected market, the unbacked debt will increase, resulting in a higher redemption amount on that branch.
+// This function accepts the new debt that's about to be generated (e.g., trove creation) and estimates the debt in front based on the new state.
+const getDebtInFrontForInterestRateIncludingNewDebtLiquityV2 = (newDebt, markets, selectedMarket, provider, network, interestRate) => __awaiter(void 0, void 0, void 0, function* () {
+    const marketsWithNewDebt = structuredClone(markets);
+    const selectedMarketDebtToken = (0, markets_1.LiquityV2Markets)(network)[selectedMarket].debtToken;
+    const currentTotalBorrow = new decimal_js_1.default(marketsWithNewDebt[selectedMarket].assetsData[selectedMarketDebtToken].totalBorrow);
+    marketsWithNewDebt[selectedMarket].assetsData[selectedMarketDebtToken].totalBorrow = currentTotalBorrow.add(newDebt).toString();
+    const { isLegacy } = (0, markets_1.LiquityV2Markets)(common_1.NetworkNumber.Eth)[selectedMarket];
+    const allMarketsUnbackedDebts = yield getAllMarketsUnbackedDebts(marketsWithNewDebt, isLegacy, provider, network);
+    const interestRateDebtInFront = new decimal_js_1.default(yield getDebtInFrontForInterestRateSingleMarketLiquityV2(provider, network, isLegacy, (0, markets_1.LiquityV2Markets)(network)[selectedMarket].marketAddress, interestRate));
+    return (0, exports.calculateDebtInFrontLiquityV2)(marketsWithNewDebt, selectedMarket, allMarketsUnbackedDebts, interestRateDebtInFront.toString());
+});
+exports.getDebtInFrontForInterestRateIncludingNewDebtLiquityV2 = getDebtInFrontForInterestRateIncludingNewDebtLiquityV2;
 const getDebtInFrontLiquityV2 = (markets, selectedMarket, provider, network, viewContract, troveId) => __awaiter(void 0, void 0, void 0, function* () {
     const { isLegacy } = (0, markets_1.LiquityV2Markets)(common_1.NetworkNumber.Eth)[selectedMarket];
     const allMarketsUnbackedDebts = yield getAllMarketsUnbackedDebts(markets, isLegacy, provider, network);
     const interestRateDebtInFront = yield getDebtInFrontForSingleMarketLiquityV2(provider, network, isLegacy, (0, markets_1.LiquityV2Markets)(network)[selectedMarket].marketAddress, troveId);
-    return calculateDebtInFrontLiquityV2(markets, selectedMarket, allMarketsUnbackedDebts, interestRateDebtInFront.toString());
+    return (0, exports.calculateDebtInFrontLiquityV2)(markets, selectedMarket, allMarketsUnbackedDebts, interestRateDebtInFront.toString());
 });
 /**
  * @param markets
@@ -237,7 +280,7 @@ const _getDebtInFrontForInterestRateLiquityV2 = (markets_2, selectedMarket_1, pr
     const allMarketsUnbackedDebts = yield getAllMarketsUnbackedDebts(markets, isLegacy, provider, network);
     const interestRateDebtInFront = new decimal_js_1.default(yield getDebtInFrontForInterestRateSingleMarketLiquityV2(provider, network, isLegacy, (0, markets_1.LiquityV2Markets)(network)[selectedMarket].marketAddress, interestRate))
         .sub(debtInFrontBeingMoved);
-    return calculateDebtInFrontLiquityV2(markets, selectedMarket, allMarketsUnbackedDebts, interestRateDebtInFront.toString());
+    return (0, exports.calculateDebtInFrontLiquityV2)(markets, selectedMarket, allMarketsUnbackedDebts, interestRateDebtInFront.toString());
 });
 const getDebtInFrontForInterestRateLiquityV2 = (markets_2, selectedMarket_1, provider_1, network_1, isLegacy_1, interestRate_1, ...args_1) => __awaiter(void 0, [markets_2, selectedMarket_1, provider_1, network_1, isLegacy_1, interestRate_1, ...args_1], void 0, function* (markets, selectedMarket, provider, network, isLegacy, interestRate, debtInFrontBeingMoved = '0') { return _getDebtInFrontForInterestRateLiquityV2(markets, selectedMarket, (0, viem_1.getViemProvider)(provider, network), network, isLegacy, interestRate, debtInFrontBeingMoved); });
 exports.getDebtInFrontForInterestRateLiquityV2 = getDebtInFrontForInterestRateLiquityV2;