@drift-labs/sdk 2.37.1-beta.1 → 2.37.1-beta.10

package/src/types.ts

@@ -31,6 +31,7 @@ export class UserStatus {
 	static readonly ACTIVE = { active: {} };
 	static readonly BEING_LIQUIDATED = { beingLiquidated: {} };
 	static readonly BANKRUPT = { bankrupt: {} };
+	static readonly REDUCE_ONLY = { reduceOnly: {} };
 }
 
 export class ContractType {
@@ -766,6 +767,8 @@ export type AMM = {
 	bidQuoteAssetReserve: BN;
 	askBaseAssetReserve: BN;
 	askQuoteAssetReserve: BN;
+
+	perLpBase: number; // i8
 };
 
 // # User Account Types
@@ -784,6 +787,7 @@ export type PerpPosition = {
 	remainderBaseAssetAmount: number;
 	lastBaseAssetAmountPerLp: BN;
 	lastQuoteAssetAmountPerLp: BN;
+	perLpBase: number;
 };
 
 export type UserStatsAccount = {
@@ -1099,3 +1103,18 @@ export type PerpMarketExtendedInfo = {
 	pnlPoolValue: BN;
 	contractTier: ContractTier;
 };
+
+export type HealthComponents = {
+	deposits: HealthComponent[];
+	borrows: HealthComponent[];
+	perpPositions: HealthComponent[];
+	perpPnl: HealthComponent[];
+};
+
+export type HealthComponent = {
+	marketIndex: number;
+	size: BN;
+	value: BN;
+	weight: BN;
+	weightedValue: BN;
+};

package/src/user.ts

@@ -11,6 +11,7 @@ import {
 	SpotPosition,
 	isOneOfVariant,
 	PerpMarketAccount,
+	HealthComponents,
 } from './types';
 import { calculateEntryPrice, positionIsAvailable } from './math/position';
 import {
@@ -30,6 +31,7 @@ import {
 	BASE_PRECISION,
 	ONE,
 	TWO,
+	AMM_RESERVE_PRECISION_EXP,
 } from './constants/numericConstants';
 import {
 	UserAccountSubscriber,
@@ -263,6 +265,7 @@ export class User {
 			lpShares: ZERO,
 			lastBaseAssetAmountPerLp: ZERO,
 			lastQuoteAssetAmountPerLp: ZERO,
+			perLpBase: 0,
 		};
 	}
 
@@ -426,21 +429,62 @@ export class User {
 		}
 
 		const position = this.getClonedPosition(originalPosition);
-
 		const market = this.driftClient.getPerpMarketAccount(position.marketIndex);
+
+		if (market.amm.perLpBase != position.perLpBase) {
+			// perLpBase = 1 => per 10 LP shares, perLpBase = -1 => per 0.1 LP shares
+			const expoDiff = market.amm.perLpBase - position.perLpBase;
+			const marketPerLpRebaseScalar = new BN(10 ** Math.abs(expoDiff));
+
+			if (expoDiff > 0) {
+				position.lastBaseAssetAmountPerLp =
+					position.lastBaseAssetAmountPerLp.mul(marketPerLpRebaseScalar);
+				position.lastQuoteAssetAmountPerLp =
+					position.lastQuoteAssetAmountPerLp.mul(marketPerLpRebaseScalar);
+			} else {
+				position.lastBaseAssetAmountPerLp =
+					position.lastBaseAssetAmountPerLp.div(marketPerLpRebaseScalar);
+				position.lastQuoteAssetAmountPerLp =
+					position.lastQuoteAssetAmountPerLp.div(marketPerLpRebaseScalar);
+			}
+
+			position.perLpBase = position.perLpBase + expoDiff;
+		}
+
 		const nShares = position.lpShares;
 
 		// incorp unsettled funding on pre settled position
 		const quoteFundingPnl = calculatePositionFundingPNL(market, position);
 
+		let baseUnit = AMM_RESERVE_PRECISION;
+		if (market.amm.perLpBase == position.perLpBase) {
+			if (
+				position.perLpBase >= 0 &&
+				position.perLpBase <= AMM_RESERVE_PRECISION_EXP.toNumber()
+			) {
+				const marketPerLpRebase = new BN(10 ** market.amm.perLpBase);
+				baseUnit = baseUnit.mul(marketPerLpRebase);
+			} else if (
+				position.perLpBase < 0 &&
+				position.perLpBase >= -AMM_RESERVE_PRECISION_EXP.toNumber()
+			) {
+				const marketPerLpRebase = new BN(10 ** Math.abs(market.amm.perLpBase));
+				baseUnit = baseUnit.div(marketPerLpRebase);
+			} else {
+				throw 'cannot calc';
+			}
+		} else {
+			throw 'market.amm.perLpBase != position.perLpBase';
+		}
+
 		const deltaBaa = market.amm.baseAssetAmountPerLp
 			.sub(position.lastBaseAssetAmountPerLp)
 			.mul(nShares)
-			.div(AMM_RESERVE_PRECISION);
+			.div(baseUnit);
 		const deltaQaa = market.amm.quoteAssetAmountPerLp
 			.sub(position.lastQuoteAssetAmountPerLp)
 			.mul(nShares)
-			.div(AMM_RESERVE_PRECISION);
+			.div(baseUnit);
 
 		function sign(v: BN) {
 			return v.isNeg() ? new BN(-1) : new BN(1);
@@ -749,7 +793,7 @@ export class User {
 
 				positionUnrealizedPnl = positionUnrealizedPnl
 					.mul(quotePrice)
-					.div(new BN(PRICE_PRECISION));
+					.div(PRICE_PRECISION);
 
 				if (withWeightMarginCategory !== undefined) {
 					if (positionUnrealizedPnl.gt(ZERO)) {
@@ -1196,116 +1240,157 @@ export class User {
 		return health;
 	}
 
-	/**
-	 * calculates sum of position value across all positions in margin system
-	 * @returns : Precision QUOTE_PRECISION
-	 */
-	getTotalPerpPositionValue(
+	calculateWeightedPerpPositionValue(
+		perpPosition: PerpPosition,
 		marginCategory?: MarginCategory,
 		liquidationBuffer?: BN,
 		includeOpenOrders?: boolean,
 		strict = false
 	): BN {
-		return this.getActivePerpPositions().reduce(
-			(totalPerpValue, perpPosition) => {
-				const market = this.driftClient.getPerpMarketAccount(
-					perpPosition.marketIndex
-				);
+		const market = this.driftClient.getPerpMarketAccount(
+			perpPosition.marketIndex
+		);
 
-				if (perpPosition.lpShares.gt(ZERO)) {
-					// is an lp, clone so we dont mutate the position
-					perpPosition = this.getPerpPositionWithLPSettle(
-						market.marketIndex,
-						this.getClonedPosition(perpPosition),
-						!!marginCategory
-					)[0];
-				}
+		if (perpPosition.lpShares.gt(ZERO)) {
+			// is an lp, clone so we dont mutate the position
+			perpPosition = this.getPerpPositionWithLPSettle(
+				market.marketIndex,
+				this.getClonedPosition(perpPosition),
+				!!marginCategory
+			)[0];
+		}
 
-				let valuationPrice = this.getOracleDataForPerpMarket(
-					market.marketIndex
-				).price;
+		let valuationPrice = this.getOracleDataForPerpMarket(
+			market.marketIndex
+		).price;
 
-				if (isVariant(market.status, 'settlement')) {
-					valuationPrice = market.expiryPrice;
-				}
+		if (isVariant(market.status, 'settlement')) {
+			valuationPrice = market.expiryPrice;
+		}
 
-				const baseAssetAmount = includeOpenOrders
-					? calculateWorstCaseBaseAssetAmount(perpPosition)
-					: perpPosition.baseAssetAmount;
+		const baseAssetAmount = includeOpenOrders
+			? calculateWorstCaseBaseAssetAmount(perpPosition)
+			: perpPosition.baseAssetAmount;
 
-				let baseAssetValue = baseAssetAmount
-					.abs()
-					.mul(valuationPrice)
-					.div(AMM_TO_QUOTE_PRECISION_RATIO.mul(PRICE_PRECISION));
-
-				if (marginCategory) {
-					let marginRatio = new BN(
-						calculateMarketMarginRatio(
-							market,
-							baseAssetAmount.abs(),
-							marginCategory
-						)
-					);
+		let baseAssetValue = baseAssetAmount
+			.abs()
+			.mul(valuationPrice)
+			.div(BASE_PRECISION);
 
-					if (marginCategory === 'Initial') {
-						marginRatio = BN.max(
-							marginRatio,
-							new BN(this.getUserAccount().maxMarginRatio)
-						);
-					}
+		if (marginCategory) {
+			let marginRatio = new BN(
+				calculateMarketMarginRatio(
+					market,
+					baseAssetAmount.abs(),
+					marginCategory
+				)
+			);
 
-					if (liquidationBuffer !== undefined) {
-						marginRatio = marginRatio.add(liquidationBuffer);
-					}
+			if (marginCategory === 'Initial') {
+				marginRatio = BN.max(
+					marginRatio,
+					new BN(this.getUserAccount().maxMarginRatio)
+				);
+			}
 
-					if (isVariant(market.status, 'settlement')) {
-						marginRatio = ZERO;
-					}
+			if (liquidationBuffer !== undefined) {
+				marginRatio = marginRatio.add(liquidationBuffer);
+			}
 
-					const quoteSpotMarket = this.driftClient.getSpotMarketAccount(
-						market.quoteSpotMarketIndex
-					);
-					const quoteOraclePriceData =
-						this.driftClient.getOraclePriceDataAndSlot(
-							quoteSpotMarket.oracle
-						).data;
-
-					let quotePrice;
-					if (strict) {
-						quotePrice = BN.max(
-							quoteOraclePriceData.price,
-							quoteSpotMarket.historicalOracleData.lastOraclePriceTwap5Min
-						);
-					} else {
-						quotePrice = quoteOraclePriceData.price;
-					}
+			if (isVariant(market.status, 'settlement')) {
+				marginRatio = ZERO;
+			}
+
+			const quoteSpotMarket = this.driftClient.getSpotMarketAccount(
+				market.quoteSpotMarketIndex
+			);
+			const quoteOraclePriceData = this.driftClient.getOraclePriceDataAndSlot(
+				quoteSpotMarket.oracle
+			).data;
+
+			let quotePrice;
+			if (strict) {
+				quotePrice = BN.max(
+					quoteOraclePriceData.price,
+					quoteSpotMarket.historicalOracleData.lastOraclePriceTwap5Min
+				);
+			} else {
+				quotePrice = quoteOraclePriceData.price;
+			}
 
-					baseAssetValue = baseAssetValue
-						.mul(quotePrice)
-						.div(PRICE_PRECISION)
-						.mul(marginRatio)
-						.div(MARGIN_PRECISION);
+			baseAssetValue = baseAssetValue
+				.mul(quotePrice)
+				.div(PRICE_PRECISION)
+				.mul(marginRatio)
+				.div(MARGIN_PRECISION);
 
-					if (includeOpenOrders) {
-						baseAssetValue = baseAssetValue.add(
-							new BN(perpPosition.openOrders).mul(OPEN_ORDER_MARGIN_REQUIREMENT)
-						);
+			if (includeOpenOrders) {
+				baseAssetValue = baseAssetValue.add(
+					new BN(perpPosition.openOrders).mul(OPEN_ORDER_MARGIN_REQUIREMENT)
+				);
 
-						if (perpPosition.lpShares.gt(ZERO)) {
-							baseAssetValue = baseAssetValue.add(
-								BN.max(
-									QUOTE_PRECISION,
-									valuationPrice
-										.mul(market.amm.orderStepSize)
-										.mul(QUOTE_PRECISION)
-										.div(AMM_RESERVE_PRECISION)
-										.div(PRICE_PRECISION)
-								)
-							);
-						}
-					}
+				if (perpPosition.lpShares.gt(ZERO)) {
+					baseAssetValue = baseAssetValue.add(
+						BN.max(
+							QUOTE_PRECISION,
+							valuationPrice
+								.mul(market.amm.orderStepSize)
+								.mul(QUOTE_PRECISION)
+								.div(AMM_RESERVE_PRECISION)
+								.div(PRICE_PRECISION)
+						)
+					);
 				}
+			}
+		}
+
+		return baseAssetValue;
+	}
+
+	/**
+	 * calculates position value of a single perp market in margin system
+	 * @returns : Precision QUOTE_PRECISION
+	 */
+	public getPerpMarketLiabilityValue(
+		marketIndex: number,
+		marginCategory?: MarginCategory,
+		liquidationBuffer?: BN,
+		includeOpenOrders?: boolean,
+		strict = false
+	): BN {
+		const perpPosition = this.getPerpPosition(marketIndex);
+		if (!perpPosition) {
+			return ZERO;
+		} else {
+			return this.calculateWeightedPerpPositionValue(
+				perpPosition,
+				marginCategory,
+				liquidationBuffer,
+				includeOpenOrders,
+				strict
+			);
+		}
+	}
 
+	/**
+	 * calculates sum of position value across all positions in margin system
+	 * @returns : Precision QUOTE_PRECISION
+	 */
+	getTotalPerpPositionValue(
+		marginCategory?: MarginCategory,
+		liquidationBuffer?: BN,
+		includeOpenOrders?: boolean,
+		strict = false
+	): BN {
+		return this.getActivePerpPositions().reduce(
+			(totalPerpValue, perpPosition) => {
+				const baseAssetValue = this.calculateWeightedPerpPositionValue(
+					perpPosition,
+					marginCategory,
+					liquidationBuffer,
+					includeOpenOrders,
+					strict
+				);
 				return totalPerpValue.add(baseAssetValue);
 			},
 			ZERO
@@ -2896,12 +2981,20 @@ export class User {
 			withdrawLimit = BN.max(withdrawLimit, userDepositAmount);
 		}
 
-		const amountWithdrawable = freeCollateral
-			.mul(MARGIN_PRECISION)
-			.div(new BN(spotMarket.initialAssetWeight))
-			.mul(PRICE_PRECISION)
-			.div(oracleData.price)
-			.mul(precisionIncrease);
+		const assetWeight = calculateAssetWeight(
+			userDepositAmount,
+			spotMarket,
+			'Initial'
+		);
+
+		const amountWithdrawable = assetWeight.eq(ZERO)
+			? userDepositAmount
+			: freeCollateral
+					.mul(MARGIN_PRECISION)
+					.div(assetWeight)
+					.mul(PRICE_PRECISION)
+					.div(oracleData.price)
+					.mul(precisionIncrease);
 
 		const maxWithdrawValue = BN.min(
 			BN.min(amountWithdrawable, userDepositAmount),
@@ -3068,6 +3161,253 @@ export class User {
 		};
 	}
 
+	public getHealthComponents({
+		marginCategory,
+	}: {
+		marginCategory: MarginCategory;
+	}): HealthComponents {
+		const healthComponents: HealthComponents = {
+			deposits: [],
+			borrows: [],
+			perpPositions: [],
+			perpPnl: [],
+		};
+
+		for (const perpPosition of this.getActivePerpPositions()) {
+			const perpMarket = this.driftClient.getPerpMarketAccount(
+				perpPosition.marketIndex
+			);
+			const oraclePriceData = this.driftClient.getOraclePriceDataAndSlot(
+				perpMarket.amm.oracle
+			).data;
+			const oraclePrice = oraclePriceData.price;
+			const worstCaseBaseAmount =
+				calculateWorstCaseBaseAssetAmount(perpPosition);
+
+			const marginRatio = new BN(
+				calculateMarketMarginRatio(
+					perpMarket,
+					worstCaseBaseAmount.abs(),
+					marginCategory
+				)
+			);
+
+			const quoteSpotMarket = this.driftClient.getSpotMarketAccount(
+				perpMarket.quoteSpotMarketIndex
+			);
+			const quoteOraclePriceData = this.driftClient.getOraclePriceDataAndSlot(
+				quoteSpotMarket.oracle
+			).data;
+
+			const baseAssetValue = worstCaseBaseAmount
+				.abs()
+				.mul(oraclePrice)
+				.div(BASE_PRECISION);
+
+			let marginRequirement = baseAssetValue
+				.mul(quoteOraclePriceData.price)
+				.div(PRICE_PRECISION)
+				.mul(marginRatio)
+				.div(MARGIN_PRECISION);
+
+			marginRequirement = marginRequirement.add(
+				new BN(perpPosition.openOrders).mul(OPEN_ORDER_MARGIN_REQUIREMENT)
+			);
+
+			if (perpPosition.lpShares.gt(ZERO)) {
+				marginRequirement = marginRequirement.add(
+					BN.max(
+						QUOTE_PRECISION,
+						oraclePrice
+							.mul(perpMarket.amm.orderStepSize)
+							.mul(QUOTE_PRECISION)
+							.div(AMM_RESERVE_PRECISION)
+							.div(PRICE_PRECISION)
+					)
+				);
+			}
+
+			healthComponents.perpPositions.push({
+				marketIndex: perpMarket.marketIndex,
+				size: worstCaseBaseAmount,
+				value: baseAssetValue,
+				weight: marginRatio,
+				weightedValue: marginRequirement,
+			});
+
+			const settledPerpPosition = this.getPerpPositionWithLPSettle(
+				perpPosition.marketIndex,
+				perpPosition
+			)[0];
+
+			const positionUnrealizedPnl = calculatePositionPNL(
+				perpMarket,
+				settledPerpPosition,
+				true,
+				oraclePriceData
+			);
+
+			let pnlWeight;
+			if (positionUnrealizedPnl.gt(ZERO)) {
+				pnlWeight = calculateUnrealizedAssetWeight(
+					perpMarket,
+					quoteSpotMarket,
+					positionUnrealizedPnl,
+					marginCategory,
+					oraclePriceData
+				);
+			} else {
+				pnlWeight = SPOT_MARKET_WEIGHT_PRECISION;
+			}
+
+			const pnlValue = positionUnrealizedPnl
+				.mul(quoteOraclePriceData.price)
+				.div(PRICE_PRECISION);
+
+			const wegithedPnlValue = pnlValue
+				.mul(pnlWeight)
+				.div(SPOT_MARKET_WEIGHT_PRECISION);
+
+			healthComponents.perpPnl.push({
+				marketIndex: perpMarket.marketIndex,
+				size: positionUnrealizedPnl,
+				value: pnlValue,
+				weight: pnlWeight,
+				weightedValue: wegithedPnlValue,
+			});
+		}
+
+		let netQuoteValue = ZERO;
+		for (const spotPosition of this.getActiveSpotPositions()) {
+			const spotMarketAccount: SpotMarketAccount =
+				this.driftClient.getSpotMarketAccount(spotPosition.marketIndex);
+
+			const oraclePriceData = this.getOracleDataForSpotMarket(
+				spotPosition.marketIndex
+			);
+
+			if (spotPosition.marketIndex === QUOTE_SPOT_MARKET_INDEX) {
+				const tokenAmount = getSignedTokenAmount(
+					getTokenAmount(
+						spotPosition.scaledBalance,
+						spotMarketAccount,
+						spotPosition.balanceType
+					),
+					spotPosition.balanceType
+				);
+
+				netQuoteValue = netQuoteValue.add(tokenAmount);
+				continue;
+			}
+
+			const [worstCaseTokenAmount, worstCaseQuoteTokenAmount] =
+				getWorstCaseTokenAmounts(
+					spotPosition,
+					spotMarketAccount,
+					oraclePriceData
+				);
+
+			netQuoteValue = netQuoteValue.add(worstCaseQuoteTokenAmount);
+
+			const baseAssetValue = getTokenValue(
+				worstCaseTokenAmount.abs(),
+				spotMarketAccount.decimals,
+				oraclePriceData
+			);
+			const isLiability = isVariant(spotPosition.balanceType, 'borrow');
+
+			let weight;
+			if (isLiability) {
+				weight = calculateLiabilityWeight(
+					worstCaseTokenAmount.abs(),
+					spotMarketAccount,
+					marginCategory
+				);
+			} else {
+				weight = calculateAssetWeight(
+					worstCaseTokenAmount,
+					spotMarketAccount,
+					marginCategory
+				);
+			}
+
+			const weightedValue = baseAssetValue
+				.mul(weight)
+				.div(SPOT_MARKET_WEIGHT_PRECISION);
+
+			if (isLiability) {
+				healthComponents.borrows.push({
+					marketIndex: spotMarketAccount.marketIndex,
+					size: worstCaseTokenAmount,
+					value: baseAssetValue,
+					weight: weight,
+					weightedValue: weightedValue,
+				});
+			} else {
+				healthComponents.deposits.push({
+					marketIndex: spotMarketAccount.marketIndex,
+					size: worstCaseTokenAmount,
+					value: baseAssetValue,
+					weight: weight,
+					weightedValue: weightedValue,
+				});
+			}
+		}
+
+		if (!netQuoteValue.eq(ZERO)) {
+			const spotMarketAccount = this.driftClient.getQuoteSpotMarketAccount();
+			const oraclePriceData = this.getOracleDataForSpotMarket(
+				QUOTE_SPOT_MARKET_INDEX
+			);
+
+			const baseAssetValue = getTokenValue(
+				netQuoteValue.abs(),
+				spotMarketAccount.decimals,
+				oraclePriceData
+			);
+			const isLiability = netQuoteValue.lt(ZERO);
+
+			let weight;
+			if (isLiability) {
+				weight = calculateLiabilityWeight(
+					netQuoteValue.abs(),
+					spotMarketAccount,
+					marginCategory
+				);
+			} else {
+				weight = calculateAssetWeight(
+					netQuoteValue,
+					spotMarketAccount,
+					marginCategory
+				);
+			}
+
+			const weightedValue = baseAssetValue
+				.mul(weight)
+				.div(SPOT_MARKET_WEIGHT_PRECISION);
+
+			if (isLiability) {
+				healthComponents.borrows.push({
+					marketIndex: spotMarketAccount.marketIndex,
+					size: netQuoteValue,
+					value: baseAssetValue,
+					weight: weight,
+					weightedValue: weightedValue,
+				});
+			} else {
+				healthComponents.deposits.push({
+					marketIndex: spotMarketAccount.marketIndex,
+					size: netQuoteValue,
+					value: baseAssetValue,
+					weight: weight,
+					weightedValue: weightedValue,
+				});
+			}
+		}
+
+		return healthComponents;
+	}
+
 	/**
 	 * Get the total position value, excluding any position coming from the given target market
 	 * @param marketToIgnore