@eth-optimism/actions-sdk 0.0.0-main-20251009211102

package/src/lend/providers/morpho/__tests__/sdk.test.ts

@@ -0,0 +1,366 @@
+import { describe, expect, it } from 'vitest'
+
+import {
+  calculateBaseApy,
+  calculateRewardsBreakdown,
+} from '@/lend/providers/morpho/sdk.js'
+
+describe('Vault Utilities', () => {
+  describe('calculateBaseApy', () => {
+    it('should return 0 for vault with no assets', () => {
+      const vault = {
+        totalAssets: 0n,
+        fee: BigInt(1e17), // 10% fee
+        allocations: new Map(),
+      }
+
+      const result = calculateBaseApy(vault)
+      expect(result).toBe(0)
+    })
+
+    it('should calculate APY correctly for single allocation', () => {
+      const vault = {
+        totalAssets: BigInt(1000000e6), // 1M USDC
+        fee: BigInt(1e17), // 10% fee in WAD format
+        allocations: new Map([
+          [
+            '0',
+            {
+              position: {
+                supplyShares: BigInt(500000e6), // 500K shares
+                supplyAssets: BigInt(500000e6), // 500K assets
+                market: {
+                  supplyApy: BigInt(5e16), // 5% APY in WAD format
+                },
+              },
+            },
+          ],
+        ]),
+      }
+
+      const result = calculateBaseApy(vault)
+
+      // Expected calculation:
+      // Weighted APY = (5% * 500K) / 1M = 2.5% before fees
+      // After 10% fee = 2.5% * (1 - 0.1) = 2.25%
+      expect(result).toBeCloseTo(0.0225, 4) // 2.25%
+    })
+
+    it('should calculate weighted APY for multiple allocations', () => {
+      const vault = {
+        totalAssets: BigInt(1000000e6), // 1M USDC
+        fee: BigInt(2e17), // 20% fee in WAD format
+        allocations: new Map([
+          [
+            '0',
+            {
+              position: {
+                supplyShares: BigInt(300000e6),
+                supplyAssets: BigInt(300000e6), // 30% allocation
+                market: {
+                  supplyApy: BigInt(4e16), // 4% APY
+                },
+              },
+            },
+          ],
+          [
+            '1',
+            {
+              position: {
+                supplyShares: BigInt(700000e6),
+                supplyAssets: BigInt(700000e6), // 70% allocation
+                market: {
+                  supplyApy: BigInt(6e16), // 6% APY
+                },
+              },
+            },
+          ],
+        ]),
+      }
+
+      const result = calculateBaseApy(vault)
+
+      // Expected calculation:
+      // Weighted APY = (4% * 300K + 6% * 700K) / 1M = (1.2% + 4.2%) = 5.4%
+      // After 20% fee = 5.4% * (1 - 0.2) = 4.32%
+      expect(result).toBeCloseTo(0.0432, 4) // 4.32%
+    })
+
+    it('should handle allocations with zero supply shares', () => {
+      const vault = {
+        totalAssets: BigInt(1000000e6),
+        fee: BigInt(1e17), // 10% fee
+        allocations: new Map([
+          [
+            '0',
+            {
+              position: {
+                supplyShares: 0n, // No shares
+                supplyAssets: 0n,
+                market: {
+                  supplyApy: BigInt(5e16),
+                },
+              },
+            },
+          ],
+          [
+            '1',
+            {
+              position: {
+                supplyShares: BigInt(1000000e6),
+                supplyAssets: BigInt(1000000e6),
+                market: {
+                  supplyApy: BigInt(3e16), // 3% APY
+                },
+              },
+            },
+          ],
+        ]),
+      }
+
+      const result = calculateBaseApy(vault)
+
+      // Should only count the allocation with shares
+      // 3% * (1 - 0.1) = 2.7%
+      expect(result).toBeCloseTo(0.027, 4)
+    })
+
+    it('should handle vault with no market in allocation', () => {
+      const vault = {
+        totalAssets: BigInt(1000000e6),
+        fee: BigInt(1e17),
+        allocations: new Map([
+          [
+            '0',
+            {
+              position: {
+                supplyShares: BigInt(1000000e6),
+                supplyAssets: BigInt(1000000e6),
+                market: null, // No market
+              },
+            },
+          ],
+        ]),
+      }
+
+      const result = calculateBaseApy(vault)
+      expect(result).toBe(0)
+    })
+  })
+
+  describe('calculateRewardsBreakdown', () => {
+    it('should return zero rewards for vault with no rewards', () => {
+      const apiVault = {
+        state: {
+          rewards: [],
+          allocation: [],
+        },
+      }
+
+      const result = calculateRewardsBreakdown(apiVault)
+
+      expect(result).toEqual({
+        usdc: 0,
+        usdc_demo: 0,
+        morpho: 0,
+        eth: 0,
+        other: 0,
+        totalRewards: 0,
+      })
+    })
+
+    it('should categorize vault-level rewards by chain ID', () => {
+      const apiVault = {
+        state: {
+          rewards: [
+            {
+              supplyApr: 0.03, // 3% USDC rewards
+              asset: {
+                address: '0x078d782b760474a361dda0af3839290b0ef57ad6',
+                name: 'USDC',
+                symbol: 'USDC',
+                chain: { id: 130 }, // Unichain = USDC rewards
+              },
+            },
+            {
+              supplyApr: 0.015, // 1.5% MORPHO rewards
+              asset: {
+                address: '0x58D97B57BB95320F9a05dC918Aef65434969c2B2',
+                name: 'MORPHO',
+                symbol: 'MORPHO',
+                chain: { id: 1 }, // Ethereum = MORPHO rewards
+              },
+            },
+          ],
+          allocation: [],
+        },
+      }
+
+      const result = calculateRewardsBreakdown(apiVault)
+
+      expect(result.usdc).toBeCloseTo(0.03, 4)
+      expect(result.morpho).toBeCloseTo(0.015, 4)
+      expect(result.other).toBe(0)
+      expect(result.totalRewards).toBeCloseTo(0.045, 4)
+    })
+
+    it('should calculate weighted market-level rewards', () => {
+      const apiVault = {
+        state: {
+          rewards: [],
+          allocation: [
+            {
+              supplyAssetsUsd: 600000, // 60% of total
+              market: {
+                uniqueKey: 'market1',
+                state: {
+                  rewards: [
+                    {
+                      supplyApr: 0.02, // 2% reward
+                      asset: {
+                        address: '0x078d782b760474a361dda0af3839290b0ef57ad6',
+                        symbol: 'USDC',
+                        chain: { id: 130 }, // USDC reward
+                      },
+                    },
+                  ],
+                },
+              },
+            },
+            {
+              supplyAssetsUsd: 400000, // 40% of total
+              market: {
+                uniqueKey: 'market2',
+                state: {
+                  rewards: [
+                    {
+                      supplyApr: 0.05, // 5% reward
+                      asset: {
+                        address: '0x58D97B57BB95320F9a05dC918Aef65434969c2B2',
+                        symbol: 'MORPHO',
+                        chain: { id: 1 }, // MORPHO reward
+                      },
+                    },
+                  ],
+                },
+              },
+            },
+          ],
+        },
+      }
+
+      const result = calculateRewardsBreakdown(apiVault)
+
+      // Expected calculation:
+      // USDC: 2% * (600k / 1M) = 1.2%
+      // MORPHO: 5% * (400k / 1M) = 2%
+      expect(result.usdc).toBeCloseTo(0.012, 4)
+      expect(result.morpho).toBeCloseTo(0.02, 4)
+      expect(result.other).toBe(0)
+      expect(result.totalRewards).toBeCloseTo(0.032, 4)
+    })
+
+    it('should handle mixed vault and market rewards', () => {
+      const apiVault = {
+        state: {
+          rewards: [
+            {
+              supplyApr: 0.01, // 1% vault-level USDC reward
+              asset: {
+                address: '0xBAa5CC21fd487B8Fcc2F632f3F4E8D37262a0842',
+                symbol: 'USDC',
+                chain: { id: 130 },
+              },
+            },
+          ],
+          allocation: [
+            {
+              supplyAssetsUsd: 1000000,
+              market: {
+                uniqueKey: 'market1',
+                state: {
+                  rewards: [
+                    {
+                      supplyApr: 0.015, // 1.5% market-level MORPHO reward
+                      asset: {
+                        address: '0x58D97B57BB95320F9a05dC918Aef65434969c2B2',
+                        symbol: 'MORPHO',
+                        chain: { id: 1 },
+                      },
+                    },
+                  ],
+                },
+              },
+            },
+          ],
+        },
+      }
+
+      const result = calculateRewardsBreakdown(apiVault)
+
+      expect(result.usdc).toBeCloseTo(0.01, 4) // Vault-level
+      expect(result.morpho).toBeCloseTo(0.015, 4) // Market-level (100% weight)
+      expect(result.totalRewards).toBeCloseTo(0.025, 4)
+    })
+
+    it('should categorize unknown tokens as other rewards', () => {
+      const apiVault = {
+        state: {
+          rewards: [
+            {
+              supplyApr: 0.005, // 0.5% unknown token reward
+              asset: {
+                address: '0x1234567890123456789012345678901234567890',
+                name: 'UNKNOWN',
+                symbol: 'UNKNOWN',
+                chain: { id: 42 }, // Unknown chain
+              },
+            },
+          ],
+          allocation: [],
+        },
+      }
+
+      const result = calculateRewardsBreakdown(apiVault)
+
+      expect(result.usdc).toBe(0)
+      expect(result.morpho).toBe(0)
+      expect(result.other).toBeCloseTo(0.005, 4)
+      expect(result.totalRewards).toBeCloseTo(0.005, 4)
+    })
+
+    it('should handle zero total supply in market allocations', () => {
+      const apiVault = {
+        state: {
+          rewards: [],
+          allocation: [
+            {
+              supplyAssetsUsd: 0, // No supply
+              market: {
+                uniqueKey: 'market1',
+                state: {
+                  rewards: [
+                    {
+                      supplyApr: 0.1, // High reward but no weight
+                      asset: {
+                        address: '0xBAa5CC21fd487B8Fcc2F632f3F4E8D37262a0842',
+                        symbol: 'USDC',
+                        chain: { id: 130 },
+                      },
+                    },
+                  ],
+                },
+              },
+            },
+          ],
+        },
+      }
+
+      const result = calculateRewardsBreakdown(apiVault)
+
+      // Should be zero because total supply is zero (weight = 0)
+      expect(result.usdc).toBe(0)
+      expect(result.totalRewards).toBe(0)
+    })
+  })
+})

package/src/lend/providers/morpho/api.ts

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+import type { Address } from 'viem'
+
+const MORPHO_API_ENDPOINT = 'https://api.morpho.org/graphql'
+
+export interface RewardsBreakdown {
+  usdc: number
+  morpho: number
+  other: number
+  totalRewards: number
+}
+
+/**
+ * Fetch raw vault rewards data from Morpho GraphQL API
+ * @param vaultAddress - Vault address
+ * @returns Promise resolving to raw vault data or null if not found
+ */
+export async function fetchRewards(vaultAddress: Address): Promise<any | null> {
+  const vaultQuery = {
+    query: `
+      query VaultByAddress($address: String!, $chainId: Int) {
+        vaultByAddress(address: $address, chainId: $chainId) {
+          address
+          id
+          state {
+            rewards {
+              asset {
+                address
+                name
+                symbol
+                chain {
+                  id
+                }
+              }
+              amountPerSuppliedToken
+              supplyApr
+            }
+            allocation {
+              market {
+                id
+                uniqueKey
+                state {
+                  rewards {
+                    supplyApr
+                    amountPerSuppliedToken
+                    asset {
+                      address
+                      symbol
+                      chain {
+                        id
+                      }
+                    }
+                  }
+                }
+              }
+              supplyAssetsUsd
+            }
+          }
+          chain {
+            id
+          }
+        }
+      }
+    `,
+    variables: {
+      address: vaultAddress.toLowerCase(),
+      chainId: 130,
+    },
+  }
+
+  try {
+    const response = await fetch(MORPHO_API_ENDPOINT, {
+      method: 'POST',
+      headers: {
+        'Content-Type': 'application/json',
+      },
+      body: JSON.stringify(vaultQuery),
+    })
+
+    const vaultData = (await response.json()) as any
+    return vaultData.data?.vaultByAddress || null
+  } catch (apiError) {
+    // eslint-disable-next-line no-console
+    console.error('Failed to fetch rewards from GraphQL API:', apiError)
+    return null
+  }
+}