@drift-labs/sdk 2.37.1-beta.8 → 2.37.1-beta.9

package/VERSION

@@ -1 +1 @@
-2.37.1-beta.8
+2.37.1-beta.9

package/lib/adminClient.d.ts

@@ -26,6 +26,7 @@ export declare class AdminClient extends DriftClient {
     updateAmmJitIntensity(perpMarketIndex: number, ammJitIntensity: number): Promise<TransactionSignature>;
     updatePerpMarketName(perpMarketIndex: number, name: string): Promise<TransactionSignature>;
     updateSpotMarketName(spotMarketIndex: number, name: string): Promise<TransactionSignature>;
+    updatePerpMarketPerLpBase(perpMarketIndex: number, perLpBase: number): Promise<TransactionSignature>;
     updatePerpMarketMaxSpread(perpMarketIndex: number, maxSpread: number): Promise<TransactionSignature>;
     updatePerpFeeStructure(feeStructure: FeeStructure): Promise<TransactionSignature>;
     updateSpotFeeStructure(feeStructure: FeeStructure): Promise<TransactionSignature>;

package/lib/adminClient.js

@@ -365,6 +365,16 @@ class AdminClient extends driftClient_1.DriftClient {
             },
         });
     }
+    async updatePerpMarketPerLpBase(perpMarketIndex, perLpBase) {
+        const perpMarketPublicKey = await (0, pda_1.getPerpMarketPublicKey)(this.program.programId, perpMarketIndex);
+        return await this.program.rpc.updatePerpMarketPerLpBase(perLpBase, {
+            accounts: {
+                admin: this.wallet.publicKey,
+                state: await this.getStatePublicKey(),
+                perpMarket: perpMarketPublicKey,
+            },
+        });
+    }
     async updatePerpMarketMaxSpread(perpMarketIndex, maxSpread) {
         const perpMarketPublicKey = await (0, pda_1.getPerpMarketPublicKey)(this.program.programId, perpMarketIndex);
         return await this.program.rpc.updatePerpMarketMaxSpread(maxSpread, {

package/lib/idl/drift.json

@@ -3882,6 +3882,32 @@
                 }
             ]
         },
+        {
+            "name": "updatePerpMarketPerLpBase",
+            "accounts": [
+                {
+                    "name": "admin",
+                    "isMut": false,
+                    "isSigner": true
+                },
+                {
+                    "name": "state",
+                    "isMut": false,
+                    "isSigner": false
+                },
+                {
+                    "name": "perpMarket",
+                    "isMut": true,
+                    "isSigner": false
+                }
+            ],
+            "args": [
+                {
+                    "name": "perLpBase",
+                    "type": "i8"
+                }
+            ]
+        },
         {
             "name": "updateLpCooldownTime",
             "accounts": [
@@ -6978,9 +7004,20 @@
                         ],
                         "type": "i32"
                     },
+                    {
+                        "name": "perLpBase",
+                        "docs": [
+                            "expo for unit of per_lp, base 10 (if per_lp_base=X, then per_lp unit is 10^X)"
+                        ],
+                        "type": "i8"
+                    },
                     {
                         "name": "padding1",
-                        "type": "u32"
+                        "type": "u8"
+                    },
+                    {
+                        "name": "padding2",
+                        "type": "u16"
                     },
                     {
                         "name": "totalFeeEarnedPerLp",
@@ -7447,13 +7484,8 @@
                         "type": "u8"
                     },
                     {
-                        "name": "padding",
-                        "type": {
-                            "array": [
-                                "u8",
-                                1
-                            ]
-                        }
+                        "name": "perLpBase",
+                        "type": "i8"
                     }
                 ]
             }

package/lib/types.d.ts

@@ -821,6 +821,7 @@ export type AMM = {
     bidQuoteAssetReserve: BN;
     askBaseAssetReserve: BN;
     askQuoteAssetReserve: BN;
+    perLpBase: number;
 };
 export type PerpPosition = {
     baseAssetAmount: BN;
@@ -837,6 +838,7 @@ export type PerpPosition = {
     remainderBaseAssetAmount: number;
     lastBaseAssetAmountPerLp: BN;
     lastQuoteAssetAmountPerLp: BN;
+    perLpBase: number;
 };
 export type UserStatsAccount = {
     numberOfSubAccounts: number;

package/lib/user.js

@@ -145,6 +145,7 @@ class User {
             lpShares: numericConstants_1.ZERO,
             lastBaseAssetAmountPerLp: numericConstants_1.ZERO,
             lastQuoteAssetAmountPerLp: numericConstants_1.ZERO,
+            perLpBase: 0,
         };
     }
     getClonedPosition(position) {
@@ -258,17 +259,54 @@ 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 _1.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 = (0, _1.calculatePositionFundingPNL)(market, position);
+        let baseUnit = numericConstants_1.AMM_RESERVE_PRECISION;
+        if (market.amm.perLpBase == position.perLpBase) {
+            if (position.perLpBase >= 0 &&
+                position.perLpBase <= numericConstants_1.AMM_RESERVE_PRECISION_EXP.toNumber()) {
+                const marketPerLpRebase = new _1.BN(10 ** market.amm.perLpBase);
+                baseUnit = baseUnit.mul(marketPerLpRebase);
+            }
+            else if (position.perLpBase < 0 &&
+                position.perLpBase >= -numericConstants_1.AMM_RESERVE_PRECISION_EXP.toNumber()) {
+                const marketPerLpRebase = new _1.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(numericConstants_1.AMM_RESERVE_PRECISION);
+            .div(baseUnit);
         const deltaQaa = market.amm.quoteAssetAmountPerLp
             .sub(position.lastQuoteAssetAmountPerLp)
             .mul(nShares)
-            .div(numericConstants_1.AMM_RESERVE_PRECISION);
+            .div(baseUnit);
         function sign(v) {
             return v.isNeg() ? new _1.BN(-1) : new _1.BN(1);
         }

package/package.json

@@ -1,6 +1,6 @@
 {
 	"name": "@drift-labs/sdk",
-	"version": "2.37.1-beta.8",
+	"version": "2.37.1-beta.9",
 	"main": "lib/index.js",
 	"types": "lib/index.d.ts",
 	"author": "crispheaney",

package/src/adminClient.ts

@@ -691,6 +691,24 @@ export class AdminClient extends DriftClient {
 		});
 	}
 
+	public async updatePerpMarketPerLpBase(
+		perpMarketIndex: number,
+		perLpBase: number
+	): Promise<TransactionSignature> {
+		const perpMarketPublicKey = await getPerpMarketPublicKey(
+			this.program.programId,
+			perpMarketIndex
+		);
+
+		return await this.program.rpc.updatePerpMarketPerLpBase(perLpBase, {
+			accounts: {
+				admin: this.wallet.publicKey,
+				state: await this.getStatePublicKey(),
+				perpMarket: perpMarketPublicKey,
+			},
+		});
+	}
+
 	public async updatePerpMarketMaxSpread(
 		perpMarketIndex: number,
 		maxSpread: number

package/src/idl/drift.json

@@ -3882,6 +3882,32 @@
         }
       ]
     },
+    {
+      "name": "updatePerpMarketPerLpBase",
+      "accounts": [
+        {
+          "name": "admin",
+          "isMut": false,
+          "isSigner": true
+        },
+        {
+          "name": "state",
+          "isMut": false,
+          "isSigner": false
+        },
+        {
+          "name": "perpMarket",
+          "isMut": true,
+          "isSigner": false
+        }
+      ],
+      "args": [
+        {
+          "name": "perLpBase",
+          "type": "i8"
+        }
+      ]
+    },
     {
       "name": "updateLpCooldownTime",
       "accounts": [
@@ -6978,9 +7004,20 @@
             ],
             "type": "i32"
           },
+          {
+            "name": "perLpBase",
+            "docs": [
+              "expo for unit of per_lp, base 10 (if per_lp_base=X, then per_lp unit is 10^X)"
+            ],
+            "type": "i8"
+          },
           {
             "name": "padding1",
-            "type": "u32"
+            "type": "u8"
+          },
+          {
+            "name": "padding2",
+            "type": "u16"
           },
           {
             "name": "totalFeeEarnedPerLp",
@@ -7447,13 +7484,8 @@
             "type": "u8"
           },
           {
-            "name": "padding",
-            "type": {
-              "array": [
-                "u8",
-                1
-              ]
-            }
+            "name": "perLpBase",
+            "type": "i8"
           }
         ]
       }

package/src/types.ts

@@ -767,6 +767,8 @@ export type AMM = {
 	bidQuoteAssetReserve: BN;
 	askBaseAssetReserve: BN;
 	askQuoteAssetReserve: BN;
+
+	perLpBase: number; // i8
 };
 
 // # User Account Types
@@ -785,6 +787,7 @@ export type PerpPosition = {
 	remainderBaseAssetAmount: number;
 	lastBaseAssetAmountPerLp: BN;
 	lastQuoteAssetAmountPerLp: BN;
+	perLpBase: number;
 };
 
 export type UserStatsAccount = {

package/src/user.ts

@@ -31,6 +31,7 @@ import {
 	BASE_PRECISION,
 	ONE,
 	TWO,
+	AMM_RESERVE_PRECISION_EXP,
 } from './constants/numericConstants';
 import {
 	UserAccountSubscriber,
@@ -264,6 +265,7 @@ export class User {
 			lpShares: ZERO,
 			lastBaseAssetAmountPerLp: ZERO,
 			lastQuoteAssetAmountPerLp: ZERO,
+			perLpBase: 0,
 		};
 	}
 
@@ -427,21 +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);

package/tests/dlob/helpers.ts

@@ -39,9 +39,11 @@ export const mockPerpPosition: PerpPosition = {
 	remainderBaseAssetAmount: 0,
 	lastBaseAssetAmountPerLp: new BN(0),
 	lastQuoteAssetAmountPerLp: new BN(0),
+	perLpBase: 0,
 };
 
 export const mockAMM: AMM = {
+	perLpBase: 0,
 	/* these values create a bid/ask price of 12 */
 	baseAssetReserve: new BN(1).mul(BASE_PRECISION),
 	quoteAssetReserve: new BN(12)