@drift-labs/sdk-browser 2.128.0-beta.9 → 2.129.0-beta.0

This diff represents the content of publicly available package versions that have been released to one of the supported registries. The information contained in this diff is provided for informational purposes only and reflects changes between package versions as they appear in their respective public registries.
Files changed (9) hide show
  1. package/VERSION +1 -1
  2. package/lib/browser/idl/drift.json +1 -1
  3. package/lib/browser/math/amm.js +32 -5
  4. package/lib/node/idl/drift.json +1 -1
  5. package/lib/node/math/amm.d.ts.map +1 -1
  6. package/lib/node/math/amm.js +32 -5
  7. package/package.json +1 -1
  8. package/src/idl/drift.json +2 -2
  9. package/src/math/amm.ts +39 -5
package/VERSION CHANGED
@@ -1 +1 @@
1
- 2.128.0-beta.9
1
+ 2.129.0-beta.0
package/lib/browser/idl/drift.json CHANGED
@@ -1,5 +1,5 @@
1
1
  {
2
- "version": "2.127.0",
2
+ "version": "2.128.0",
3
3
  "name": "drift",
4
4
  "instructions": [
5
5
  {
package/lib/browser/math/amm.js CHANGED
@@ -521,17 +521,44 @@ function calculateSpreadReserves(amm, oraclePriceData, now, isPrediction = false
521
521
  const reservePrice = calculatePrice(amm.baseAssetReserve, amm.quoteAssetReserve, amm.pegMultiplier);
522
522
  // always allow 10 bps of price offset, up to a half of the market's max_spread
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  let maxOffset = 0;
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- let referencePriceOffset = numericConstants_1.ZERO;
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+ let referencePriceOffset = 0;
525
525
  if (amm.curveUpdateIntensity > 100) {
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  maxOffset = Math.max(amm.maxSpread / 2, (numericConstants_1.PERCENTAGE_PRECISION.toNumber() / 10000) *
527
527
  (amm.curveUpdateIntensity - 100));
528
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  const liquidityFraction = calculateInventoryLiquidityRatio(amm.baseAssetAmountWithAmm, amm.baseAssetReserve, amm.minBaseAssetReserve, amm.maxBaseAssetReserve);
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  const liquidityFractionSigned = liquidityFraction.mul((0, __1.sigNum)(amm.baseAssetAmountWithAmm.add(amm.baseAssetAmountWithUnsettledLp)));
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- referencePriceOffset = calculateReferencePriceOffset(reservePrice, amm.last24HAvgFundingRate, liquidityFractionSigned, amm.historicalOracleData.lastOraclePriceTwap5Min, amm.lastMarkPriceTwap5Min, amm.historicalOracleData.lastOraclePriceTwap, amm.lastMarkPriceTwap, maxOffset);
530
+ referencePriceOffset = calculateReferencePriceOffset(reservePrice, amm.last24HAvgFundingRate, liquidityFractionSigned, amm.historicalOracleData.lastOraclePriceTwap5Min, amm.lastMarkPriceTwap5Min, amm.historicalOracleData.lastOraclePriceTwap, amm.lastMarkPriceTwap, maxOffset).toNumber();
531
+ }
532
+ let [longSpread, shortSpread] = calculateSpread(amm, oraclePriceData, now, reservePrice);
533
+ const signChanged = referencePriceOffset === 0 ||
534
+ Math.sign(referencePriceOffset) !== Math.sign(amm.referencePriceOffset);
535
+ const hasOffset = Math.abs(amm.referencePriceOffset) > 1;
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+ if (signChanged && hasOffset) {
537
+ if (oraclePriceData.slot !== amm.lastUpdateSlot) {
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+ const rawDecay = Math.trunc((Math.abs(amm.referencePriceOffset) *
539
+ 12 *
540
+ (oraclePriceData.slot.toNumber() - amm.lastUpdateSlot.toNumber())) /
541
+ 100);
542
+ const maxOffset = Math.abs(amm.referencePriceOffset);
543
+ const decayMagnitude = Math.min(Math.max(rawDecay, 10), maxOffset);
544
+ const decay = Math.sign(amm.referencePriceOffset) * decayMagnitude;
545
+ if (amm.referencePriceOffset > 0) {
546
+ referencePriceOffset = amm.referencePriceOffset - decay;
547
+ longSpread += decay;
548
+ shortSpread += referencePriceOffset;
549
+ }
550
+ else {
551
+ referencePriceOffset = amm.referencePriceOffset + decay;
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+ shortSpread += decay;
553
+ longSpread += Math.abs(referencePriceOffset);
554
+ }
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+ }
556
+ }
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+ else {
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+ amm.referencePriceOffset = referencePriceOffset;
531
559
  }
532
- const [longSpread, shortSpread] = calculateSpread(amm, oraclePriceData, now, reservePrice);
533
- const askReserves = calculateSpreadReserve(longSpread + referencePriceOffset.toNumber(), types_1.PositionDirection.LONG, amm);
534
- const bidReserves = calculateSpreadReserve(-shortSpread + referencePriceOffset.toNumber(), types_1.PositionDirection.SHORT, amm);
560
+ const askReserves = calculateSpreadReserve(longSpread + referencePriceOffset, types_1.PositionDirection.LONG, amm);
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+ const bidReserves = calculateSpreadReserve(-shortSpread + referencePriceOffset, types_1.PositionDirection.SHORT, amm);
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  return [bidReserves, askReserves];
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  }
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  exports.calculateSpreadReserves = calculateSpreadReserves;
package/lib/node/idl/drift.json CHANGED
@@ -1,5 +1,5 @@
1
1
  {
2
- "version": "2.127.0",
2
+ "version": "2.128.0",
3
3
  "name": "drift",
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4
  "instructions": [
5
5
  {
package/lib/node/math/amm.d.ts.map CHANGED
@@ -1 +1 @@
1
- {"version":3,"file":"amm.d.ts","sourceRoot":"","sources":["../../../src/math/amm.ts"],"names":[],"mappings":";AAAA,OAAO,EAAE,EAAE,EAAE,MAAM,mBAAmB,CAAC;AAiBvC,OAAO,EACN,GAAG,EACH,iBAAiB,EACjB,aAAa,EACb,iBAAiB,EAEjB,MAAM,UAAU,CAAC;AAIlB,OAAO,EAAE,eAAe,EAAE,MAAM,kBAAkB,CAAC;AASnD,wBAAgB,2BAA2B,CAC1C,WAAW,EAAE,EAAE,EACf,gBAAgB,EAAE,EAAE,EACpB,iBAAiB,EAAE,EAAE,GACnB,EAAE,CASJ;AAED,wBAAgB,4BAA4B,CAC3C,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,GAC9B,CAAC,EAAE,EAAE,EAAE,EAAE,EAAE,EAAE,OAAO,CAAC,CAwDvB;AAED,wBAAgB,eAAe,CAC9B,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,GAC9B,CAAC,EAAE,EAAE,EAAE,EAAE,EAAE,EAAE,EAAE,CAAC,CAqClB;AAED,wBAAgB,mBAAmB,CAClC,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,GAC9B,GAAG,CAmCL;AAED,wBAAgB,iCAAiC,CAChD,GAAG,EAAE,GAAG,EACR,SAAS,EAAE,iBAAiB,EAC5B,eAAe,EAAE,eAAe,EAChC,YAAY,UAAQ,GAClB;IAAE,gBAAgB,EAAE,EAAE,CAAC;IAAC,iBAAiB,EAAE,EAAE,CAAC;IAAC,KAAK,EAAE,EAAE,CAAC;IAAC,MAAM,EAAE,EAAE,CAAA;CAAE,CAqBxE;AAED,wBAAgB,oBAAoB,CACnC,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,EAChC,UAAU,UAAO,EACjB,YAAY,UAAQ,GAClB,CAAC,EAAE,EAAE,EAAE,CAAC,CA4BV;AAED;;;;;;;GAOG;AACH,wBAAgB,cAAc,CAC7B,iBAAiB,EAAE,EAAE,EACrB,kBAAkB,EAAE,EAAE,EACtB,aAAa,EAAE,EAAE,GACf,EAAE,CAUJ;AAED,MAAM,MAAM,SAAS,GAAG,OAAO,GAAG,MAAM,CAAC;AAEzC;;;;;;;;GAQG;AACH,wBAAgB,6BAA6B,CAC5C,GAAG,EAAE,IAAI,CACR,GAAG,EACH,eAAe,GAAG,mBAAmB,GAAG,OAAO,GAAG,kBAAkB,CACpE,EACD,cAAc,EAAE,SAAS,EACzB,UAAU,EAAE,EAAE,EACd,aAAa,EAAE,aAAa,GAC1B,CAAC,EAAE,EAAE,EAAE,CAAC,CA2BV;AAED,wBAAgB,yBAAyB,CACxC,gBAAgB,EAAE,EAAE,EACpB,mBAAmB,EAAE,EAAE,EACvB,mBAAmB,EAAE,EAAE,EACvB,QAAQ,CAAC,EAAE,EAAE,GACX,CAAC,EAAE,EAAE,EAAE,CAAC,CAyBV;AAED,wBAAgB,gCAAgC,CAC/C,sBAAsB,EAAE,EAAE,EAC1B,gBAAgB,EAAE,EAAE,EACpB,mBAAmB,EAAE,EAAE,EACvB,mBAAmB,EAAE,EAAE,GACrB,EAAE,CAkBJ;AAED,wBAAgB,uBAAuB,CACtC,sBAAsB,EAAE,EAAE,EAC1B,gBAAgB,EAAE,EAAE,EACpB,mBAAmB,EAAE,EAAE,EACvB,mBAAmB,EAAE,EAAE,EACvB,iBAAiB,EAAE,MAAM,EACzB,SAAS,EAAE,MAAM,GACf,MAAM,CAgCR;AAED,wBAAgB,6BAA6B,CAC5C,YAAY,EAAE,EAAE,EAChB,qBAAqB,EAAE,EAAE,EACzB,iBAAiB,EAAE,EAAE,EACrB,cAAc,EAAE,EAAE,EAClB,YAAY,EAAE,EAAE,EAChB,cAAc,EAAE,EAAE,EAClB,YAAY,EAAE,EAAE,EAChB,YAAY,EAAE,MAAM,GAClB,EAAE,CA2DJ;AAED,wBAAgB,0BAA0B,CACzC,UAAU,EAAE,MAAM,EAClB,iBAAiB,EAAE,EAAE,EACrB,yBAAyB,EAAE,EAAE,EAC7B,aAAa,EAAE,EAAE,EACjB,kBAAkB,EAAE,EAAE,EACtB,YAAY,EAAE,EAAE,EAChB,0BAA0B,EAAE,EAAE,GAC5B,MAAM,CAqBR;AAED,wBAAgB,kBAAkB,CAAC,kBAAkB,EAAE,MAAM,GAAG,MAAM,CAMrE;AAED,wBAAgB,oBAAoB,CACnC,iBAAiB,EAAE,EAAE,EACrB,YAAY,EAAE,EAAE,EAChB,OAAO,EAAE,EAAE,EACX,SAAS,EAAE,EAAE,EACb,aAAa,EAAE,EAAE,EACjB,cAAc,EAAE,EAAE,EAClB,SAAS,EAAE,EAAE,GACX,CAAC,EAAE,EAAE,EAAE,CAAC,CAuCV;AAED,wBAAgB,iBAAiB,CAChC,UAAU,EAAE,MAAM,EAClB,+BAA+B,EAAE,EAAE,EACnC,iBAAiB,EAAE,EAAE,EACrB,SAAS,EAAE,MAAM,EACjB,iBAAiB,EAAE,EAAE,EACrB,yBAAyB,EAAE,EAAE,EAC7B,aAAa,EAAE,EAAE,EACjB,sBAAsB,EAAE,EAAE,EAC1B,YAAY,EAAE,EAAE,EAChB,0BAA0B,EAAE,EAAE,EAC9B,0BAA0B,EAAE,EAAE,EAC9B,gBAAgB,EAAE,EAAE,EACpB,mBAAmB,EAAE,EAAE,EACvB,mBAAmB,EAAE,EAAE,EACvB,OAAO,EAAE,EAAE,EACX,SAAS,EAAE,EAAE,EACb,aAAa,EAAE,EAAE,EACjB,cAAc,EAAE,EAAE,EAClB,SAAS,EAAE,EAAE,EACb,4BAA4B,EAAE,MAAM,EACpC,WAAW,UAAQ;;;;;;;;;;;;;;;;;;;;;;EAwNnB;AAED,wBAAgB,eAAe,CAC9B,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,EAChC,GAAG,CAAC,EAAE,EAAE,EACR,YAAY,CAAC,EAAE,EAAE,GACf,CAAC,MAAM,EAAE,MAAM,CAAC,CA0ElB;AAED,wBAAgB,0CAA0C,CACzD,GAAG,EAAE,GAAG,EACR,SAAS,EAAE,iBAAiB,GAC1B,CAAC,EAAE,EAAE,EAAE,CAAC,CA0BV;AAED,wBAAgB,uBAAuB,CACtC,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,EAChC,GAAG,CAAC,EAAE,EAAE,EACR,YAAY,UAAQ;;;IA6GpB;AAED;;;;;;;;GAQG;AACH,wBAAgB,mBAAmB,CAClC,iBAAiB,EAAE,EAAE,EACrB,UAAU,EAAE,EAAE,EACd,aAAa,EAAE,aAAa,EAC5B,SAAS,EAAE,EAAE,GACX,CAAC,EAAE,EAAE,EAAE,CAAC,CASV;AAED;;;;;GAKG;AACH,wBAAgB,gBAAgB,CAC/B,cAAc,EAAE,SAAS,EACzB,iBAAiB,EAAE,iBAAiB,GAClC,aAAa,CAUf;AAED;;;;;GAKG;AACH,wBAAgB,sBAAsB,CAAC,MAAM,EAAE,iBAAiB,MAoB/D;AAED,wBAAgB,kCAAkC,CACjD,GAAG,EAAE,GAAG,EACR,WAAW,EAAE,EAAE,EACf,SAAS,EAAE,iBAAiB,EAC5B,eAAe,CAAC,EAAE,eAAe,EACjC,GAAG,CAAC,EAAE,EAAE,EACR,YAAY,UAAQ,GAClB,CAAC,EAAE,EAAE,iBAAiB,CAAC,CAmCzB;AAED,wBAAgB,gCAAgC,CAC/C,kBAAkB,EAAE,EAAE,EACtB,aAAa,EAAE,EAAE,EACjB,aAAa,EAAE,aAAa,GAC1B,EAAE,CAcJ;AAED,wBAAgB,mCAAmC,CAClD,GAAG,EAAE,GAAG,EACR,cAAc,EAAE,iBAAiB,GAC/B,EAAE,CAqBJ"}
1
+ {"version":3,"file":"amm.d.ts","sourceRoot":"","sources":["../../../src/math/amm.ts"],"names":[],"mappings":";AAAA,OAAO,EAAE,EAAE,EAAE,MAAM,mBAAmB,CAAC;AAiBvC,OAAO,EACN,GAAG,EACH,iBAAiB,EACjB,aAAa,EACb,iBAAiB,EAEjB,MAAM,UAAU,CAAC;AAIlB,OAAO,EAAE,eAAe,EAAE,MAAM,kBAAkB,CAAC;AASnD,wBAAgB,2BAA2B,CAC1C,WAAW,EAAE,EAAE,EACf,gBAAgB,EAAE,EAAE,EACpB,iBAAiB,EAAE,EAAE,GACnB,EAAE,CASJ;AAED,wBAAgB,4BAA4B,CAC3C,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,GAC9B,CAAC,EAAE,EAAE,EAAE,EAAE,EAAE,EAAE,OAAO,CAAC,CAwDvB;AAED,wBAAgB,eAAe,CAC9B,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,GAC9B,CAAC,EAAE,EAAE,EAAE,EAAE,EAAE,EAAE,EAAE,CAAC,CAqClB;AAED,wBAAgB,mBAAmB,CAClC,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,GAC9B,GAAG,CAmCL;AAED,wBAAgB,iCAAiC,CAChD,GAAG,EAAE,GAAG,EACR,SAAS,EAAE,iBAAiB,EAC5B,eAAe,EAAE,eAAe,EAChC,YAAY,UAAQ,GAClB;IAAE,gBAAgB,EAAE,EAAE,CAAC;IAAC,iBAAiB,EAAE,EAAE,CAAC;IAAC,KAAK,EAAE,EAAE,CAAC;IAAC,MAAM,EAAE,EAAE,CAAA;CAAE,CAqBxE;AAED,wBAAgB,oBAAoB,CACnC,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,EAChC,UAAU,UAAO,EACjB,YAAY,UAAQ,GAClB,CAAC,EAAE,EAAE,EAAE,CAAC,CA4BV;AAED;;;;;;;GAOG;AACH,wBAAgB,cAAc,CAC7B,iBAAiB,EAAE,EAAE,EACrB,kBAAkB,EAAE,EAAE,EACtB,aAAa,EAAE,EAAE,GACf,EAAE,CAUJ;AAED,MAAM,MAAM,SAAS,GAAG,OAAO,GAAG,MAAM,CAAC;AAEzC;;;;;;;;GAQG;AACH,wBAAgB,6BAA6B,CAC5C,GAAG,EAAE,IAAI,CACR,GAAG,EACH,eAAe,GAAG,mBAAmB,GAAG,OAAO,GAAG,kBAAkB,CACpE,EACD,cAAc,EAAE,SAAS,EACzB,UAAU,EAAE,EAAE,EACd,aAAa,EAAE,aAAa,GAC1B,CAAC,EAAE,EAAE,EAAE,CAAC,CA2BV;AAED,wBAAgB,yBAAyB,CACxC,gBAAgB,EAAE,EAAE,EACpB,mBAAmB,EAAE,EAAE,EACvB,mBAAmB,EAAE,EAAE,EACvB,QAAQ,CAAC,EAAE,EAAE,GACX,CAAC,EAAE,EAAE,EAAE,CAAC,CAyBV;AAED,wBAAgB,gCAAgC,CAC/C,sBAAsB,EAAE,EAAE,EAC1B,gBAAgB,EAAE,EAAE,EACpB,mBAAmB,EAAE,EAAE,EACvB,mBAAmB,EAAE,EAAE,GACrB,EAAE,CAkBJ;AAED,wBAAgB,uBAAuB,CACtC,sBAAsB,EAAE,EAAE,EAC1B,gBAAgB,EAAE,EAAE,EACpB,mBAAmB,EAAE,EAAE,EACvB,mBAAmB,EAAE,EAAE,EACvB,iBAAiB,EAAE,MAAM,EACzB,SAAS,EAAE,MAAM,GACf,MAAM,CAgCR;AAED,wBAAgB,6BAA6B,CAC5C,YAAY,EAAE,EAAE,EAChB,qBAAqB,EAAE,EAAE,EACzB,iBAAiB,EAAE,EAAE,EACrB,cAAc,EAAE,EAAE,EAClB,YAAY,EAAE,EAAE,EAChB,cAAc,EAAE,EAAE,EAClB,YAAY,EAAE,EAAE,EAChB,YAAY,EAAE,MAAM,GAClB,EAAE,CA2DJ;AAED,wBAAgB,0BAA0B,CACzC,UAAU,EAAE,MAAM,EAClB,iBAAiB,EAAE,EAAE,EACrB,yBAAyB,EAAE,EAAE,EAC7B,aAAa,EAAE,EAAE,EACjB,kBAAkB,EAAE,EAAE,EACtB,YAAY,EAAE,EAAE,EAChB,0BAA0B,EAAE,EAAE,GAC5B,MAAM,CAqBR;AAED,wBAAgB,kBAAkB,CAAC,kBAAkB,EAAE,MAAM,GAAG,MAAM,CAMrE;AAED,wBAAgB,oBAAoB,CACnC,iBAAiB,EAAE,EAAE,EACrB,YAAY,EAAE,EAAE,EAChB,OAAO,EAAE,EAAE,EACX,SAAS,EAAE,EAAE,EACb,aAAa,EAAE,EAAE,EACjB,cAAc,EAAE,EAAE,EAClB,SAAS,EAAE,EAAE,GACX,CAAC,EAAE,EAAE,EAAE,CAAC,CAuCV;AAED,wBAAgB,iBAAiB,CAChC,UAAU,EAAE,MAAM,EAClB,+BAA+B,EAAE,EAAE,EACnC,iBAAiB,EAAE,EAAE,EACrB,SAAS,EAAE,MAAM,EACjB,iBAAiB,EAAE,EAAE,EACrB,yBAAyB,EAAE,EAAE,EAC7B,aAAa,EAAE,EAAE,EACjB,sBAAsB,EAAE,EAAE,EAC1B,YAAY,EAAE,EAAE,EAChB,0BAA0B,EAAE,EAAE,EAC9B,0BAA0B,EAAE,EAAE,EAC9B,gBAAgB,EAAE,EAAE,EACpB,mBAAmB,EAAE,EAAE,EACvB,mBAAmB,EAAE,EAAE,EACvB,OAAO,EAAE,EAAE,EACX,SAAS,EAAE,EAAE,EACb,aAAa,EAAE,EAAE,EACjB,cAAc,EAAE,EAAE,EAClB,SAAS,EAAE,EAAE,EACb,4BAA4B,EAAE,MAAM,EACpC,WAAW,UAAQ;;;;;;;;;;;;;;;;;;;;;;EAwNnB;AAED,wBAAgB,eAAe,CAC9B,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,EAChC,GAAG,CAAC,EAAE,EAAE,EACR,YAAY,CAAC,EAAE,EAAE,GACf,CAAC,MAAM,EAAE,MAAM,CAAC,CA0ElB;AAED,wBAAgB,0CAA0C,CACzD,GAAG,EAAE,GAAG,EACR,SAAS,EAAE,iBAAiB,GAC1B,CAAC,EAAE,EAAE,EAAE,CAAC,CA0BV;AAED,wBAAgB,uBAAuB,CACtC,GAAG,EAAE,GAAG,EACR,eAAe,EAAE,eAAe,EAChC,GAAG,CAAC,EAAE,EAAE,EACR,YAAY,UAAQ;;;IA+IpB;AAED;;;;;;;;GAQG;AACH,wBAAgB,mBAAmB,CAClC,iBAAiB,EAAE,EAAE,EACrB,UAAU,EAAE,EAAE,EACd,aAAa,EAAE,aAAa,EAC5B,SAAS,EAAE,EAAE,GACX,CAAC,EAAE,EAAE,EAAE,CAAC,CASV;AAED;;;;;GAKG;AACH,wBAAgB,gBAAgB,CAC/B,cAAc,EAAE,SAAS,EACzB,iBAAiB,EAAE,iBAAiB,GAClC,aAAa,CAUf;AAED;;;;;GAKG;AACH,wBAAgB,sBAAsB,CAAC,MAAM,EAAE,iBAAiB,MAoB/D;AAED,wBAAgB,kCAAkC,CACjD,GAAG,EAAE,GAAG,EACR,WAAW,EAAE,EAAE,EACf,SAAS,EAAE,iBAAiB,EAC5B,eAAe,CAAC,EAAE,eAAe,EACjC,GAAG,CAAC,EAAE,EAAE,EACR,YAAY,UAAQ,GAClB,CAAC,EAAE,EAAE,iBAAiB,CAAC,CAmCzB;AAED,wBAAgB,gCAAgC,CAC/C,kBAAkB,EAAE,EAAE,EACtB,aAAa,EAAE,EAAE,EACjB,aAAa,EAAE,aAAa,GAC1B,EAAE,CAcJ;AAED,wBAAgB,mCAAmC,CAClD,GAAG,EAAE,GAAG,EACR,cAAc,EAAE,iBAAiB,GAC/B,EAAE,CAqBJ"}
package/lib/node/math/amm.js CHANGED
@@ -521,17 +521,44 @@ function calculateSpreadReserves(amm, oraclePriceData, now, isPrediction = false
521
521
  const reservePrice = calculatePrice(amm.baseAssetReserve, amm.quoteAssetReserve, amm.pegMultiplier);
522
522
  // always allow 10 bps of price offset, up to a half of the market's max_spread
523
523
  let maxOffset = 0;
524
- let referencePriceOffset = numericConstants_1.ZERO;
524
+ let referencePriceOffset = 0;
525
525
  if (amm.curveUpdateIntensity > 100) {
526
526
  maxOffset = Math.max(amm.maxSpread / 2, (numericConstants_1.PERCENTAGE_PRECISION.toNumber() / 10000) *
527
527
  (amm.curveUpdateIntensity - 100));
528
528
  const liquidityFraction = calculateInventoryLiquidityRatio(amm.baseAssetAmountWithAmm, amm.baseAssetReserve, amm.minBaseAssetReserve, amm.maxBaseAssetReserve);
529
529
  const liquidityFractionSigned = liquidityFraction.mul((0, __1.sigNum)(amm.baseAssetAmountWithAmm.add(amm.baseAssetAmountWithUnsettledLp)));
530
- referencePriceOffset = calculateReferencePriceOffset(reservePrice, amm.last24HAvgFundingRate, liquidityFractionSigned, amm.historicalOracleData.lastOraclePriceTwap5Min, amm.lastMarkPriceTwap5Min, amm.historicalOracleData.lastOraclePriceTwap, amm.lastMarkPriceTwap, maxOffset);
530
+ referencePriceOffset = calculateReferencePriceOffset(reservePrice, amm.last24HAvgFundingRate, liquidityFractionSigned, amm.historicalOracleData.lastOraclePriceTwap5Min, amm.lastMarkPriceTwap5Min, amm.historicalOracleData.lastOraclePriceTwap, amm.lastMarkPriceTwap, maxOffset).toNumber();
531
+ }
532
+ let [longSpread, shortSpread] = calculateSpread(amm, oraclePriceData, now, reservePrice);
533
+ const signChanged = referencePriceOffset === 0 ||
534
+ Math.sign(referencePriceOffset) !== Math.sign(amm.referencePriceOffset);
535
+ const hasOffset = Math.abs(amm.referencePriceOffset) > 1;
536
+ if (signChanged && hasOffset) {
537
+ if (oraclePriceData.slot !== amm.lastUpdateSlot) {
538
+ const rawDecay = Math.trunc((Math.abs(amm.referencePriceOffset) *
539
+ 12 *
540
+ (oraclePriceData.slot.toNumber() - amm.lastUpdateSlot.toNumber())) /
541
+ 100);
542
+ const maxOffset = Math.abs(amm.referencePriceOffset);
543
+ const decayMagnitude = Math.min(Math.max(rawDecay, 10), maxOffset);
544
+ const decay = Math.sign(amm.referencePriceOffset) * decayMagnitude;
545
+ if (amm.referencePriceOffset > 0) {
546
+ referencePriceOffset = amm.referencePriceOffset - decay;
547
+ longSpread += decay;
548
+ shortSpread += referencePriceOffset;
549
+ }
550
+ else {
551
+ referencePriceOffset = amm.referencePriceOffset + decay;
552
+ shortSpread += decay;
553
+ longSpread += Math.abs(referencePriceOffset);
554
+ }
555
+ }
556
+ }
557
+ else {
558
+ amm.referencePriceOffset = referencePriceOffset;
531
559
  }
532
- const [longSpread, shortSpread] = calculateSpread(amm, oraclePriceData, now, reservePrice);
533
- const askReserves = calculateSpreadReserve(longSpread + referencePriceOffset.toNumber(), types_1.PositionDirection.LONG, amm);
534
- const bidReserves = calculateSpreadReserve(-shortSpread + referencePriceOffset.toNumber(), types_1.PositionDirection.SHORT, amm);
560
+ const askReserves = calculateSpreadReserve(longSpread + referencePriceOffset, types_1.PositionDirection.LONG, amm);
561
+ const bidReserves = calculateSpreadReserve(-shortSpread + referencePriceOffset, types_1.PositionDirection.SHORT, amm);
535
562
  return [bidReserves, askReserves];
536
563
  }
537
564
  exports.calculateSpreadReserves = calculateSpreadReserves;
package/package.json CHANGED
@@ -1,6 +1,6 @@
1
1
  {
2
2
  "name": "@drift-labs/sdk-browser",
3
- "version": "2.128.0-beta.9",
3
+ "version": "2.129.0-beta.0",
4
4
  "main": "lib/node/index.js",
5
5
  "types": "lib/node/index.d.ts",
6
6
  "browser": "./lib/browser/index.js",
package/src/idl/drift.json CHANGED
@@ -1,5 +1,5 @@
1
1
  {
2
- "version": "2.127.0",
2
+ "version": "2.128.0",
3
3
  "name": "drift",
4
4
  "instructions": [
5
5
  {
@@ -15947,4 +15947,4 @@
15947
15947
  "metadata": {
15948
15948
  "address": "dRiftyHA39MWEi3m9aunc5MzRF1JYuBsbn6VPcn33UH"
15949
15949
  }
15950
- }
15950
+ }
package/src/math/amm.ts CHANGED
@@ -999,7 +999,7 @@ export function calculateSpreadReserves(
999
999
 
1000
1000
  // always allow 10 bps of price offset, up to a half of the market's max_spread
1001
1001
  let maxOffset = 0;
1002
- let referencePriceOffset = ZERO;
1002
+ let referencePriceOffset = 0;
1003
1003
  if (amm.curveUpdateIntensity > 100) {
1004
1004
  maxOffset = Math.max(
1005
1005
  amm.maxSpread / 2,
@@ -1025,23 +1025,57 @@ export function calculateSpreadReserves(
1025
1025
  amm.historicalOracleData.lastOraclePriceTwap,
1026
1026
  amm.lastMarkPriceTwap,
1027
1027
  maxOffset
1028
- );
1028
+ ).toNumber();
1029
1029
  }
1030
1030
 
1031
- const [longSpread, shortSpread] = calculateSpread(
1031
+ let [longSpread, shortSpread] = calculateSpread(
1032
1032
  amm,
1033
1033
  oraclePriceData,
1034
1034
  now,
1035
1035
  reservePrice
1036
1036
  );
1037
1037
 
1038
+ const signChanged =
1039
+ referencePriceOffset === 0 ||
1040
+ Math.sign(referencePriceOffset) !== Math.sign(amm.referencePriceOffset);
1041
+
1042
+ const hasOffset = Math.abs(amm.referencePriceOffset) > 1;
1043
+
1044
+ if (signChanged && hasOffset) {
1045
+ if (oraclePriceData.slot !== amm.lastUpdateSlot) {
1046
+ const rawDecay = Math.trunc(
1047
+ (Math.abs(amm.referencePriceOffset) *
1048
+ 12 *
1049
+ (oraclePriceData.slot.toNumber() - amm.lastUpdateSlot.toNumber())) /
1050
+ 100
1051
+ );
1052
+
1053
+ const maxOffset = Math.abs(amm.referencePriceOffset);
1054
+ const decayMagnitude = Math.min(Math.max(rawDecay, 10), maxOffset);
1055
+
1056
+ const decay = Math.sign(amm.referencePriceOffset) * decayMagnitude;
1057
+
1058
+ if (amm.referencePriceOffset > 0) {
1059
+ referencePriceOffset = amm.referencePriceOffset - decay;
1060
+ longSpread += decay;
1061
+ shortSpread += referencePriceOffset;
1062
+ } else {
1063
+ referencePriceOffset = amm.referencePriceOffset + decay;
1064
+ shortSpread += decay;
1065
+ longSpread += Math.abs(referencePriceOffset);
1066
+ }
1067
+ }
1068
+ } else {
1069
+ amm.referencePriceOffset = referencePriceOffset;
1070
+ }
1071
+
1038
1072
  const askReserves = calculateSpreadReserve(
1039
- longSpread + referencePriceOffset.toNumber(),
1073
+ longSpread + referencePriceOffset,
1040
1074
  PositionDirection.LONG,
1041
1075
  amm
1042
1076
  );
1043
1077
  const bidReserves = calculateSpreadReserve(
1044
- -shortSpread + referencePriceOffset.toNumber(),
1078
+ -shortSpread + referencePriceOffset,
1045
1079
  PositionDirection.SHORT,
1046
1080
  amm
1047
1081
  );