@defisaver/positions-sdk 2.1.2 → 2.1.3

package/src/staking/eligibility.ts

@@ -1,61 +1,60 @@
-import Dec from 'decimal.js';
-import { IncentiveEligibilityId, MMUsedAssets } from '../types/common';
-
-export const isEligibleForEthenaUSDeRewards = (usedAssets: MMUsedAssets) => {
-  const USDeUSDAmountSupplied = usedAssets.USDe?.suppliedUsd || '0';
-  const sUSDeUSDAmountSupplied = usedAssets.sUSDe?.suppliedUsd || '0';
-  const anythingElseSupplied = Object.values(usedAssets).some((asset) => asset.symbol !== 'USDe' && asset.symbol !== 'sUSDe' && asset.isSupplied);
-  if (anythingElseSupplied) return { isEligible: false, eligibleUSDAmount: '0' };
-  const totalAmountSupplied = new Dec(USDeUSDAmountSupplied).add(sUSDeUSDAmountSupplied).toString();
-  const percentageInUSDe = new Dec(USDeUSDAmountSupplied).div(totalAmountSupplied).toNumber();
-  if (percentageInUSDe < 0.45 || percentageInUSDe > 0.55) return { isEligible: false, eligibleUSDAmount: '0' }; // 45% - 55% of total amount supplied must be in USDe
-  const percentageInSUSDe = new Dec(sUSDeUSDAmountSupplied).div(totalAmountSupplied).toNumber();
-  if (percentageInSUSDe < 0.45 || percentageInSUSDe > 0.55) return { isEligible: false, eligibleUSDAmount: '0' }; // 45% - 55% of total amount supplied must be in sUSDe
-
-  const allowedBorrowAssets = ['USDC', 'USDT', 'USDS'];
-  const anythingBorrowedNotAllowed = Object.values(usedAssets).some((asset) => asset.isBorrowed && !allowedBorrowAssets.includes(asset.symbol));
-  if (anythingBorrowedNotAllowed) return { isEligible: false, eligibleUSDAmount: '0' };
-
-  const totalAmountBorrowed = Object.values(usedAssets).reduce((acc, asset) => {
-    if (asset.isBorrowed) {
-      return acc.add(asset.borrowedUsd);
-    }
-    return acc;
-  }, new Dec(0)).toString();
-
-  const borrowPercentage = new Dec(totalAmountBorrowed).div(totalAmountSupplied).toNumber();
-  if (borrowPercentage < 0.5) return { isEligible: false, eligibleUSDAmount: '0' }; // must be looped at least once
-
-  const halfAmountSupplied = new Dec(totalAmountSupplied).div(2).toString();
-  const USDeAmountEligibleForRewards = Dec.min(USDeUSDAmountSupplied, halfAmountSupplied).toString(); // rewards are given to amount of USDe supplied up to half of total amount supplied
-
-  return { isEligible: true, eligibleUSDAmount: USDeAmountEligibleForRewards };
-};
-
-export const isEligibleForAaveV3ArbitrumEthSupply = (usedAssets: MMUsedAssets) => {
-  const ETHAmountSupplied = usedAssets.ETH?.suppliedUsd || '0';
-  const ETHAmountBorrowed = usedAssets.ETH?.borrowedUsd || '0';
-  const delta = new Dec(ETHAmountSupplied).sub(ETHAmountBorrowed).toString();
-
-  return { isEligible: true, eligibleUSDAmount: Dec.max(delta, 0).toString() };
-};
-
-export const isEligibleForAaveV3ArbitrumETHLSBorrow = (usedAssets: MMUsedAssets) => {
-  const allowedBorrowAssets = ['ETH'];
-  const anythingBorrowedNotAllowed = Object.values(usedAssets).some((asset) => asset.isBorrowed && !allowedBorrowAssets.includes(asset.symbol));
-  if (anythingBorrowedNotAllowed) return { isEligible: false, eligibleUSDAmount: '0' };
-
-  const allowedSupplyAssets = ['wstETH', 'ezETH', 'weETH', 'rsETH'];
-  const anythingSuppliedNotAllowed = Object.values(usedAssets).some((asset) => asset.isSupplied && !allowedSupplyAssets.includes(asset.symbol));
-  if (anythingSuppliedNotAllowed) return { isEligible: false, eligibleUSDAmount: '0' };
-
-  const ETHAmountBorrowed = usedAssets.ETH?.borrowedUsd || '0';
-
-  return { isEligible: true, eligibleUSDAmount: ETHAmountBorrowed };
-};
-
-export const EligibilityMapping: { [key in IncentiveEligibilityId]: (usedAssets: MMUsedAssets) => { isEligible: boolean; eligibleUSDAmount: string } } = {
-  [IncentiveEligibilityId.AaveV3EthenaLiquidLeverage]: isEligibleForEthenaUSDeRewards,
-  [IncentiveEligibilityId.AaveV3ArbitrumEthSupply]: isEligibleForAaveV3ArbitrumEthSupply,
-  [IncentiveEligibilityId.AaveV3ArbitrumETHLSBorrow]: isEligibleForAaveV3ArbitrumETHLSBorrow,
+import Dec from 'decimal.js';
+import { IncentiveEligibilityId, MMUsedAssets } from '../types/common';
+
+export const isEligibleForEthenaUSDeRewards = (usedAssets: MMUsedAssets, { healthRatio }: { healthRatio: string }) => {
+  const USDeUSDAmountSupplied = usedAssets.USDe?.suppliedUsd || '0';
+  const sUSDeUSDAmountSupplied = usedAssets.sUSDe?.suppliedUsd || '0';
+  const anythingElseSupplied = Object.values(usedAssets).some((asset) => asset.symbol !== 'USDe' && asset.symbol !== 'sUSDe' && asset.isSupplied);
+  if (anythingElseSupplied) return { isEligible: false, eligibleUSDAmount: '0' };
+  const totalAmountSupplied = new Dec(USDeUSDAmountSupplied).add(sUSDeUSDAmountSupplied).toString();
+  const percentageInUSDe = new Dec(USDeUSDAmountSupplied).div(totalAmountSupplied).toNumber();
+  if (percentageInUSDe < 0.45 || percentageInUSDe > 0.55) return { isEligible: false, eligibleUSDAmount: '0' }; // 45% - 55% of total amount supplied must be in USDe
+  const percentageInSUSDe = new Dec(sUSDeUSDAmountSupplied).div(totalAmountSupplied).toNumber();
+  if (percentageInSUSDe < 0.45 || percentageInSUSDe > 0.55) return { isEligible: false, eligibleUSDAmount: '0' }; // 45% - 55% of total amount supplied must be in sUSDe
+
+  const allowedBorrowAssets = ['USDC', 'USDT', 'USDS'];
+  const anythingBorrowedNotAllowed = Object.values(usedAssets).some((asset) => asset.isBorrowed && !allowedBorrowAssets.includes(asset.symbol));
+  if (anythingBorrowedNotAllowed) return { isEligible: false, eligibleUSDAmount: '0' };
+
+  const totalAmountBorrowed = Object.values(usedAssets).reduce((acc, asset) => {
+    if (asset.isBorrowed) {
+      return acc.add(asset.borrowedUsd);
+    }
+    return acc;
+  }, new Dec(0)).toString();
+
+  if (new Dec(healthRatio).gte(2.5)) return { isEligible: false, eligibleUSDAmount: '0' }; // health ratio must be below 2.5
+
+  const halfAmountSupplied = new Dec(totalAmountSupplied).div(2).toString();
+  const USDeAmountEligibleForRewards = Dec.min(USDeUSDAmountSupplied, halfAmountSupplied).toString(); // rewards are given to amount of USDe supplied up to half of total amount supplied
+
+  return { isEligible: true, eligibleUSDAmount: USDeAmountEligibleForRewards };
+};
+
+export const isEligibleForAaveV3ArbitrumEthSupply = (usedAssets: MMUsedAssets) => {
+  const ETHAmountSupplied = usedAssets.ETH?.suppliedUsd || '0';
+  const ETHAmountBorrowed = usedAssets.ETH?.borrowedUsd || '0';
+  const delta = new Dec(ETHAmountSupplied).sub(ETHAmountBorrowed).toString();
+
+  return { isEligible: true, eligibleUSDAmount: Dec.max(delta, 0).toString() };
+};
+
+export const isEligibleForAaveV3ArbitrumETHLSBorrow = (usedAssets: MMUsedAssets) => {
+  const allowedBorrowAssets = ['ETH'];
+  const anythingBorrowedNotAllowed = Object.values(usedAssets).some((asset) => asset.isBorrowed && !allowedBorrowAssets.includes(asset.symbol));
+  if (anythingBorrowedNotAllowed) return { isEligible: false, eligibleUSDAmount: '0' };
+
+  const allowedSupplyAssets = ['wstETH', 'ezETH', 'weETH', 'rsETH'];
+  const anythingSuppliedNotAllowed = Object.values(usedAssets).some((asset) => asset.isSupplied && !allowedSupplyAssets.includes(asset.symbol));
+  if (anythingSuppliedNotAllowed) return { isEligible: false, eligibleUSDAmount: '0' };
+
+  const ETHAmountBorrowed = usedAssets.ETH?.borrowedUsd || '0';
+
+  return { isEligible: true, eligibleUSDAmount: ETHAmountBorrowed };
+};
+
+export const EligibilityMapping: { [key in IncentiveEligibilityId]: (usedAssets: MMUsedAssets, optionalData: any) => { isEligible: boolean; eligibleUSDAmount: string } } = {
+  [IncentiveEligibilityId.AaveV3EthenaLiquidLeverage]: isEligibleForEthenaUSDeRewards,
+  [IncentiveEligibilityId.AaveV3ArbitrumEthSupply]: isEligibleForAaveV3ArbitrumEthSupply,
+  [IncentiveEligibilityId.AaveV3ArbitrumETHLSBorrow]: isEligibleForAaveV3ArbitrumETHLSBorrow,
 };

package/src/staking/index.ts

@@ -1,2 +1,2 @@
-export * from './staking';
+export * from './staking';
 export * from './eligibility';

package/src/staking/staking.ts

@@ -1,171 +1,171 @@
-import Dec from 'decimal.js';
-import memoize from 'memoizee';
-import { IncentiveEligibilityId, MMAssetsData, MMUsedAssets } from '../types/common';
-import { BLOCKS_IN_A_YEAR } from '../constants';
-import { DEFAULT_TIMEOUT } from '../services/utils';
-import { EligibilityMapping } from './eligibility';
-import { EulerV2UsedAsset } from '../types';
-
-const getSsrApy = async () => {
-  try {
-    const res = await fetch('https://fe.defisaver.com/api/sky/data',
-      { signal: AbortSignal.timeout(DEFAULT_TIMEOUT) });
-    const data = await res.json();
-    return new Dec(data.data.skyData[0].sky_savings_rate_apy).mul(100).toString();
-  } catch (e) {
-    console.error('External API Failure: Failed to fetch SSR APY from external API', e);
-    return '0';
-  }
-};
-
-const getSuperOETHApy = async () => {
-  try {
-    const res = await fetch('https://origin.squids.live/origin-squid/graphql', {
-      method: 'POST',
-      headers: {
-        'Content-Type': 'application/json',
-      },
-      body: JSON.stringify({
-        query: '\n    query OTokenApy($chainId: Int!, $token: String!) {\n  oTokenApies(\n    limit: 1\n    orderBy: timestamp_DESC\n    where: {chainId_eq: $chainId, otoken_containsInsensitive: $token}\n  ) {\n    apy7DayAvg\n    apy14DayAvg\n    apy30DayAvg\n    apr\n    apy\n  }\n}\n    ',
-        variables: {
-          token: '0xdbfefd2e8460a6ee4955a68582f85708baea60a3',
-          chainId: 8453,
-        },
-      }),
-      signal: AbortSignal.timeout(DEFAULT_TIMEOUT),
-    });
-
-    const data = await res.json();
-    return new Dec(data.data.oTokenApies[0].apy).mul(100).toString();
-  } catch (e) {
-    console.error('External API Failure: Failed to fetch Super OETH APY from external API', e);
-    return '0';
-  }
-};
-
-const getApyFromDfsApi = async (asset: string) => {
-  try {
-    const res = await fetch(`https://fe.defisaver.com/api/staking/apy?asset=${asset}`,
-      { signal: AbortSignal.timeout(DEFAULT_TIMEOUT) });
-    if (!res.ok) throw new Error(`Failed to fetch APY for ${asset}`);
-    const data = await res.json();
-    return String(data.apy);
-  } catch (e) {
-    console.error(`External API Failure: Failed to fetch APY for ${asset} from DFS API`, e);
-    return '0';
-  }
-};
-
-export const STAKING_ASSETS = ['cbETH', 'wstETH', 'cbETH', 'rETH', 'sDAI', 'weETH', 'sUSDe', 'osETH', 'ezETH', 'ETHx', 'rsETH', 'pufETH', 'wrsETH', 'wsuperOETHb', 'sUSDS', 'tETH', 'PT sUSDe Sep', 'PT USDe Sep', 'PT sUSDe Nov', 'PT USDe Nov'];
-
-export const getStakingApy = memoize(async (asset: string) => {
-  try {
-    if (asset === 'stETH' || asset === 'wstETH') return await getApyFromDfsApi('wstETH');
-    if (asset === 'cbETH') return await getApyFromDfsApi('cbETH');
-    if (asset === 'rETH') return await getApyFromDfsApi('rETH');
-    if (asset === 'sDAI') return await getApyFromDfsApi('sDAI');
-    if (asset === 'sUSDe') return await getApyFromDfsApi('sUSDe');
-    if (asset === 'weETH') return await getApyFromDfsApi('weETH');
-    if (asset === 'ezETH') return await getApyFromDfsApi('ezETH');
-    if (asset === 'osETH') return await getApyFromDfsApi('osETH');
-    if (asset === 'ETHx') return await getApyFromDfsApi('ETHx');
-    if (asset === 'rsETH' || asset === 'wrsETH') return await getApyFromDfsApi('rsETH');
-    if (asset === 'pufETH') return await getApyFromDfsApi('pufETH');
-    if (asset === 'wsuperOETHb') return await getSuperOETHApy();
-    if (asset === 'sUSDS') return await getSsrApy();
-    if (asset === 'PT eUSDe May') return await getApyFromDfsApi('PT eUSDe May');
-    if (asset === 'PT sUSDe July') return await getApyFromDfsApi('PT sUSDe July');
-    if (asset === 'PT USDe July') return await getApyFromDfsApi('PT USDe July');
-    if (asset === 'PT eUSDe Aug') return await getApyFromDfsApi('PT eUSDe Aug');
-    if (asset === 'PT sUSDe Sep') return await getApyFromDfsApi('PT sUSDe Sep');
-    if (asset === 'PT USDe Sep') return await getApyFromDfsApi('PT USDe Sep');
-    if (asset === 'tETH') return await getApyFromDfsApi('tETH');
-    if (asset === 'USDe') return await getApyFromDfsApi('USDe');
-    if (asset === 'PT sUSDe Nov') return await getApyFromDfsApi('PT sUSDe Nov');
-    if (asset === 'PT USDe Nov') return await getApyFromDfsApi('PT USDe Nov');
-  } catch (e) {
-    console.error(`Failed to fetch APY for ${asset}`);
-  }
-  return '0';
-}, { promise: true, maxAge: 2 * 60 * 1000 });
-
-export const calculateInterestEarned = (principal: string, interest: string, type: string, apy = false) => {
-  let interval = 1;
-
-  if (+interest === 0) return 0;
-
-  if (type === 'month') interval = 1 / 12;
-  if (type === 'week') interval = 1 / 52.1429;
-
-  if (apy) {
-    // interest rate already compounded
-    return (+principal * (1 + (+interest / 100 * interval))) - +principal;
-  }
-
-  return (+principal * (((1 + (+interest / 100) / BLOCKS_IN_A_YEAR)) ** (BLOCKS_IN_A_YEAR * interval))) - +principal; // eslint-disable-line
-};
-
-export const calculateNetApy = ({
-  usedAssets, assetsData,
-}: { usedAssets: MMUsedAssets, assetsData: MMAssetsData }) => {
-  const sumValues = Object.values(usedAssets).reduce((_acc, usedAsset) => {
-    const acc = { ..._acc };
-    const assetData = assetsData[usedAsset.symbol] || assetsData[(usedAsset as EulerV2UsedAsset).vaultAddress?.toLowerCase() || ''];
-
-    if (usedAsset.isSupplied) {
-      const amount = usedAsset.suppliedUsd;
-      acc.suppliedUsd = new Dec(acc.suppliedUsd).add(amount).toString();
-      const rate = assetData.supplyRate;
-      const supplyInterest = calculateInterestEarned(amount, rate as string, 'year', true);
-      acc.supplyInterest = new Dec(acc.supplyInterest).add(supplyInterest.toString()).toString();
-
-      for (const supplyIncentive of assetData.supplyIncentives) {
-        const { apy, eligibilityId } = supplyIncentive;
-        const eligibilityCheck = eligibilityId ? EligibilityMapping[eligibilityId] : null;
-        if (eligibilityCheck) {
-          const { isEligible, eligibleUSDAmount } = eligibilityCheck(usedAssets);
-          const incentiveInterest = isEligible ? calculateInterestEarned(eligibleUSDAmount, apy, 'year', true) : '0';
-          acc.incentiveUsd = new Dec(acc.incentiveUsd).add(incentiveInterest).toString();
-        } else {
-          const incentiveInterest = calculateInterestEarned(amount, apy, 'year', true);
-          acc.incentiveUsd = new Dec(acc.incentiveUsd).add(incentiveInterest).toString();
-        }
-      }
-    }
-
-    if (usedAsset.isBorrowed) {
-      const amount = usedAsset.borrowedUsd;
-      acc.borrowedUsd = new Dec(acc.borrowedUsd).add(amount).toString();
-      const rate = assetData.borrowRate;
-      const borrowInterest = calculateInterestEarned(amount, rate as string, 'year', true);
-      acc.borrowInterest = new Dec(acc.borrowInterest).sub(borrowInterest.toString()).toString();
-
-      for (const borrowIncentive of assetData.borrowIncentives) {
-        const { apy, eligibilityId } = borrowIncentive;
-        const eligibilityCheck = eligibilityId ? EligibilityMapping[eligibilityId] : null;
-        if (eligibilityCheck) {
-          const { isEligible, eligibleUSDAmount } = eligibilityCheck(usedAssets);
-          const incentiveInterest = isEligible ? calculateInterestEarned(eligibleUSDAmount, apy, 'year', true) : '0';
-          acc.incentiveUsd = new Dec(acc.incentiveUsd).add(incentiveInterest).toString();
-        } else {
-          const incentiveInterest = calculateInterestEarned(amount, apy, 'year', true);
-          acc.incentiveUsd = new Dec(acc.incentiveUsd).add(incentiveInterest).toString();
-        }
-      }
-    }
-
-    return acc;
-  }, {
-    borrowInterest: '0', supplyInterest: '0', incentiveUsd: '0', borrowedUsd: '0', suppliedUsd: '0',
-  });
-
-  const {
-    borrowedUsd, suppliedUsd, borrowInterest, supplyInterest, incentiveUsd,
-  } = sumValues;
-
-  const totalInterestUsd = new Dec(borrowInterest).add(supplyInterest).add(incentiveUsd).toString();
-  const balance = new Dec(suppliedUsd).sub(borrowedUsd);
-  const netApy = new Dec(totalInterestUsd).div(balance).times(100).toString();
-
-  return { netApy, totalInterestUsd, incentiveUsd };
+import Dec from 'decimal.js';
+import memoize from 'memoizee';
+import { IncentiveEligibilityId, MMAssetsData, MMUsedAssets } from '../types/common';
+import { BLOCKS_IN_A_YEAR } from '../constants';
+import { DEFAULT_TIMEOUT } from '../services/utils';
+import { EligibilityMapping } from './eligibility';
+import { EulerV2UsedAsset } from '../types';
+
+const getSsrApy = async () => {
+  try {
+    const res = await fetch('https://fe.defisaver.com/api/sky/data',
+      { signal: AbortSignal.timeout(DEFAULT_TIMEOUT) });
+    const data = await res.json();
+    return new Dec(data.data.skyData[0].sky_savings_rate_apy).mul(100).toString();
+  } catch (e) {
+    console.error('External API Failure: Failed to fetch SSR APY from external API', e);
+    return '0';
+  }
+};
+
+const getSuperOETHApy = async () => {
+  try {
+    const res = await fetch('https://origin.squids.live/origin-squid/graphql', {
+      method: 'POST',
+      headers: {
+        'Content-Type': 'application/json',
+      },
+      body: JSON.stringify({
+        query: '\n    query OTokenApy($chainId: Int!, $token: String!) {\n  oTokenApies(\n    limit: 1\n    orderBy: timestamp_DESC\n    where: {chainId_eq: $chainId, otoken_containsInsensitive: $token}\n  ) {\n    apy7DayAvg\n    apy14DayAvg\n    apy30DayAvg\n    apr\n    apy\n  }\n}\n    ',
+        variables: {
+          token: '0xdbfefd2e8460a6ee4955a68582f85708baea60a3',
+          chainId: 8453,
+        },
+      }),
+      signal: AbortSignal.timeout(DEFAULT_TIMEOUT),
+    });
+
+    const data = await res.json();
+    return new Dec(data.data.oTokenApies[0].apy).mul(100).toString();
+  } catch (e) {
+    console.error('External API Failure: Failed to fetch Super OETH APY from external API', e);
+    return '0';
+  }
+};
+
+const getApyFromDfsApi = async (asset: string) => {
+  try {
+    const res = await fetch(`https://fe.defisaver.com/api/staking/apy?asset=${asset}`,
+      { signal: AbortSignal.timeout(DEFAULT_TIMEOUT) });
+    if (!res.ok) throw new Error(`Failed to fetch APY for ${asset}`);
+    const data = await res.json();
+    return String(data.apy);
+  } catch (e) {
+    console.error(`External API Failure: Failed to fetch APY for ${asset} from DFS API`, e);
+    return '0';
+  }
+};
+
+export const STAKING_ASSETS = ['cbETH', 'wstETH', 'cbETH', 'rETH', 'sDAI', 'weETH', 'sUSDe', 'osETH', 'ezETH', 'ETHx', 'rsETH', 'pufETH', 'wrsETH', 'wsuperOETHb', 'sUSDS', 'tETH', 'PT sUSDe Sep', 'PT USDe Sep', 'PT sUSDe Nov', 'PT USDe Nov'];
+
+export const getStakingApy = memoize(async (asset: string) => {
+  try {
+    if (asset === 'stETH' || asset === 'wstETH') return await getApyFromDfsApi('wstETH');
+    if (asset === 'cbETH') return await getApyFromDfsApi('cbETH');
+    if (asset === 'rETH') return await getApyFromDfsApi('rETH');
+    if (asset === 'sDAI') return await getApyFromDfsApi('sDAI');
+    if (asset === 'sUSDe') return await getApyFromDfsApi('sUSDe');
+    if (asset === 'weETH') return await getApyFromDfsApi('weETH');
+    if (asset === 'ezETH') return await getApyFromDfsApi('ezETH');
+    if (asset === 'osETH') return await getApyFromDfsApi('osETH');
+    if (asset === 'ETHx') return await getApyFromDfsApi('ETHx');
+    if (asset === 'rsETH' || asset === 'wrsETH') return await getApyFromDfsApi('rsETH');
+    if (asset === 'pufETH') return await getApyFromDfsApi('pufETH');
+    if (asset === 'wsuperOETHb') return await getSuperOETHApy();
+    if (asset === 'sUSDS') return await getSsrApy();
+    if (asset === 'PT eUSDe May') return await getApyFromDfsApi('PT eUSDe May');
+    if (asset === 'PT sUSDe July') return await getApyFromDfsApi('PT sUSDe July');
+    if (asset === 'PT USDe July') return await getApyFromDfsApi('PT USDe July');
+    if (asset === 'PT eUSDe Aug') return await getApyFromDfsApi('PT eUSDe Aug');
+    if (asset === 'PT sUSDe Sep') return await getApyFromDfsApi('PT sUSDe Sep');
+    if (asset === 'PT USDe Sep') return await getApyFromDfsApi('PT USDe Sep');
+    if (asset === 'tETH') return await getApyFromDfsApi('tETH');
+    if (asset === 'USDe') return await getApyFromDfsApi('USDe');
+    if (asset === 'PT sUSDe Nov') return await getApyFromDfsApi('PT sUSDe Nov');
+    if (asset === 'PT USDe Nov') return await getApyFromDfsApi('PT USDe Nov');
+  } catch (e) {
+    console.error(`Failed to fetch APY for ${asset}`);
+  }
+  return '0';
+}, { promise: true, maxAge: 2 * 60 * 1000 });
+
+export const calculateInterestEarned = (principal: string, interest: string, type: string, apy = false) => {
+  let interval = 1;
+
+  if (+interest === 0) return 0;
+
+  if (type === 'month') interval = 1 / 12;
+  if (type === 'week') interval = 1 / 52.1429;
+
+  if (apy) {
+    // interest rate already compounded
+    return (+principal * (1 + (+interest / 100 * interval))) - +principal;
+  }
+
+  return (+principal * (((1 + (+interest / 100) / BLOCKS_IN_A_YEAR)) ** (BLOCKS_IN_A_YEAR * interval))) - +principal; // eslint-disable-line
+};
+
+export const calculateNetApy = ({
+  usedAssets, assetsData, optionalData,
+}: { usedAssets: MMUsedAssets, assetsData: MMAssetsData, optionalData?: any }) => {
+  const sumValues = Object.values(usedAssets).reduce((_acc, usedAsset) => {
+    const acc = { ..._acc };
+    const assetData = assetsData[usedAsset.symbol] || assetsData[(usedAsset as EulerV2UsedAsset).vaultAddress?.toLowerCase() || ''];
+
+    if (usedAsset.isSupplied) {
+      const amount = usedAsset.suppliedUsd;
+      acc.suppliedUsd = new Dec(acc.suppliedUsd).add(amount).toString();
+      const rate = assetData.supplyRate;
+      const supplyInterest = calculateInterestEarned(amount, rate as string, 'year', true);
+      acc.supplyInterest = new Dec(acc.supplyInterest).add(supplyInterest.toString()).toString();
+
+      for (const supplyIncentive of assetData.supplyIncentives) {
+        const { apy, eligibilityId } = supplyIncentive;
+        const eligibilityCheck = eligibilityId ? EligibilityMapping[eligibilityId] : null;
+        if (eligibilityCheck) {
+          const { isEligible, eligibleUSDAmount } = eligibilityCheck(usedAssets, optionalData);
+          const incentiveInterest = isEligible ? calculateInterestEarned(eligibleUSDAmount, apy, 'year', true) : '0';
+          acc.incentiveUsd = new Dec(acc.incentiveUsd).add(incentiveInterest).toString();
+        } else {
+          const incentiveInterest = calculateInterestEarned(amount, apy, 'year', true);
+          acc.incentiveUsd = new Dec(acc.incentiveUsd).add(incentiveInterest).toString();
+        }
+      }
+    }
+
+    if (usedAsset.isBorrowed) {
+      const amount = usedAsset.borrowedUsd;
+      acc.borrowedUsd = new Dec(acc.borrowedUsd).add(amount).toString();
+      const rate = assetData.borrowRate;
+      const borrowInterest = calculateInterestEarned(amount, rate as string, 'year', true);
+      acc.borrowInterest = new Dec(acc.borrowInterest).sub(borrowInterest.toString()).toString();
+
+      for (const borrowIncentive of assetData.borrowIncentives) {
+        const { apy, eligibilityId } = borrowIncentive;
+        const eligibilityCheck = eligibilityId ? EligibilityMapping[eligibilityId] : null;
+        if (eligibilityCheck) {
+          const { isEligible, eligibleUSDAmount } = eligibilityCheck(usedAssets, optionalData);
+          const incentiveInterest = isEligible ? calculateInterestEarned(eligibleUSDAmount, apy, 'year', true) : '0';
+          acc.incentiveUsd = new Dec(acc.incentiveUsd).add(incentiveInterest).toString();
+        } else {
+          const incentiveInterest = calculateInterestEarned(amount, apy, 'year', true);
+          acc.incentiveUsd = new Dec(acc.incentiveUsd).add(incentiveInterest).toString();
+        }
+      }
+    }
+
+    return acc;
+  }, {
+    borrowInterest: '0', supplyInterest: '0', incentiveUsd: '0', borrowedUsd: '0', suppliedUsd: '0',
+  });
+
+  const {
+    borrowedUsd, suppliedUsd, borrowInterest, supplyInterest, incentiveUsd,
+  } = sumValues;
+
+  const totalInterestUsd = new Dec(borrowInterest).add(supplyInterest).add(incentiveUsd).toString();
+  const balance = new Dec(suppliedUsd).sub(borrowedUsd);
+  const netApy = new Dec(totalInterestUsd).div(balance).times(100).toString();
+
+  return { netApy, totalInterestUsd, incentiveUsd };
 };