@exponent-labs/generic-sy-sdk 0.9.19 → 0.9.21

package/src/interfaces/glowVault.ts

@@ -0,0 +1,55 @@
+import { web3 } from "@coral-xyz/anchor"
+
+const GLOW_VAULT_PROGRAM_ID = new web3.PublicKey("gwv1ybUe2JVEpjdWARK1PjZUVY5xdNUCRhu24tgYtxa")
+const GLOW_VAULT_DISCRIMINATOR = Buffer.from([211, 8, 232, 43, 2, 152, 117, 119])
+const GLOW_VAULT_ACCOUNT_SIZE = 8 + 552
+const SHARE_MINT_OFFSET = 8 + 160
+const DEPOSIT_TOKENS_OFFSET = 8 + 320
+const DEPOSIT_SHARES_OFFSET = 8 + 336
+const UNCOLLECTED_MANAGEMENT_FEES_OFFSET = 8 + 344
+const MINIMUM_SHARES_DUST_THRESHOLD_OFFSET = 8 + 408
+const REALISED_PERFORMANCE_FEES_OFFSET = 8 + 488
+const NUMBER_DENOMINATOR = 1_000_000_000_000n
+
+/** Reads a Glow vault's net underlying-token value per share. */
+export async function fetchGlowVaultRate(params: {
+  connection: web3.Connection
+  vaultAddress: web3.PublicKey
+  expectedShareMint: web3.PublicKey
+}): Promise<number> {
+  const accountInfo = await params.connection.getAccountInfo(params.vaultAddress)
+  if (!accountInfo) {
+    throw new Error(`Glow vault not found: ${params.vaultAddress.toBase58()}`)
+  }
+  if (!accountInfo.owner.equals(GLOW_VAULT_PROGRAM_ID)) {
+    throw new Error(`Invalid Glow vault owner: ${accountInfo.owner.toBase58()}`)
+  }
+  if (accountInfo.data.length < GLOW_VAULT_ACCOUNT_SIZE) {
+    throw new Error(`Glow vault account is too short: ${accountInfo.data.length}`)
+  }
+  if (!accountInfo.data.subarray(0, 8).equals(GLOW_VAULT_DISCRIMINATOR)) {
+    throw new Error("Invalid Glow vault discriminator")
+  }
+
+  const shareMint = new web3.PublicKey(accountInfo.data.subarray(SHARE_MINT_OFFSET, SHARE_MINT_OFFSET + 32))
+  if (!shareMint.equals(params.expectedShareMint)) {
+    throw new Error(
+      `Glow vault share mint ${shareMint.toBase58()} does not match ${params.expectedShareMint.toBase58()}`,
+    )
+  }
+
+  const depositShares = accountInfo.data.readBigUInt64LE(DEPOSIT_SHARES_OFFSET)
+  const minimumSharesDustThreshold = accountInfo.data.readBigUInt64LE(MINIMUM_SHARES_DUST_THRESHOLD_OFFSET)
+  if (depositShares <= minimumSharesDustThreshold) return 1
+
+  const depositTokens = accountInfo.data.readBigUInt64LE(DEPOSIT_TOKENS_OFFSET)
+  const uncollectedManagementFees = accountInfo.data.readBigUInt64LE(UNCOLLECTED_MANAGEMENT_FEES_OFFSET)
+  const realisedPerformanceFees = accountInfo.data.readBigUInt64LE(REALISED_PERFORMANCE_FEES_OFFSET)
+  const netAfterManagementFees =
+    depositTokens > uncollectedManagementFees ? depositTokens - uncollectedManagementFees : 0n
+  const netTokens =
+    netAfterManagementFees > realisedPerformanceFees ? netAfterManagementFees - realisedPerformanceFees : 0n
+  const rateRaw = (netTokens * NUMBER_DENOMINATOR) / depositShares
+
+  return Number(rateRaw) / Number(NUMBER_DENOMINATOR)
+}

package/tsconfig.json

@@ -25,6 +25,9 @@
     {
       "path": "../exponent-fetcher"
     },
+    {
+      "path": "../exponent-tranching-idl"
+    },
     {
       "path": "../generic-sy-pda"
     },