@gearbox-protocol/sdk 14.10.1 → 14.10.2-next.1

package/dist/cjs/common-utils/utils/strategies/credit-managers/get-cm-allowed-collaterals.spec.js

@@ -0,0 +1,109 @@
+"use strict";
+var import_vitest = require("vitest");
+var import_token_data = require("../../../charts/token-data.js");
+var import_test_utils = require("../../../test-utils/index.js");
+var import_is_collateral_token = require("../tokens/is-collateral-token.js");
+var import_get_cm_allowed_collaterals = require("./get-cm-allowed-collaterals.js");
+import_vitest.vi.mock("./is-collateral-token");
+const mockIsCollateralToken = import_vitest.vi.mocked(import_is_collateral_token.isCollateralToken);
+(0, import_vitest.describe)("getCMAllowedCollaterals", () => {
+  const underlying = import_test_utils.mockUnderlyingToken;
+  const allowed = import_test_utils.mockToken1;
+  const rejected = import_test_utils.mockToken2;
+  const tokensList = {
+    [underlying]: new import_token_data.TokenData({
+      addr: underlying,
+      symbol: "DAI",
+      name: "Underlying",
+      decimals: 18,
+      isPhantom: false
+    }),
+    [allowed]: new import_token_data.TokenData({
+      addr: allowed,
+      symbol: "USDC",
+      name: "Allowed",
+      decimals: 6,
+      isPhantom: false
+    }),
+    [rejected]: new import_token_data.TokenData({
+      addr: rejected,
+      symbol: "WBTC",
+      name: "Rejected",
+      decimals: 8,
+      isPhantom: false
+    }),
+    [import_test_utils.mockWrappedNativeTokenAddress]: new import_token_data.TokenData({
+      addr: import_test_utils.mockWrappedNativeTokenAddress,
+      symbol: "WETH",
+      name: "WrappedNative",
+      decimals: 18,
+      isPhantom: false
+    })
+  };
+  const baseCm = (0, import_test_utils.buildCreditManager)({
+    address: "0x0000000000000000000000000000000000000CAA",
+    underlyingToken: underlying,
+    collateralTokens: [
+      underlying,
+      allowed,
+      rejected,
+      import_test_utils.mockWrappedNativeTokenAddress
+    ]
+  });
+  (0, import_vitest.afterEach)(() => {
+    import_vitest.vi.restoreAllMocks();
+    import_vitest.vi.clearAllMocks();
+  });
+  (0, import_vitest.it)("returns empty record when credit manager missing", () => {
+    const result = (0, import_get_cm_allowed_collaterals.getCMAllowedCollaterals)({
+      creditManager: void 0,
+      tokensList,
+      delayedPhantoms: {},
+      nativeTokenAddress: import_test_utils.mockNativeTokenAddress,
+      wrappedNativeTokenAddress: import_test_utils.mockWrappedNativeTokenAddress,
+      extraCollaterals: void 0
+    });
+    (0, import_vitest.expect)(result).toEqual({});
+  });
+  (0, import_vitest.it)("keeps allowed collaterals and mirrors wrapped native to native token", () => {
+    mockIsCollateralToken.mockImplementation(
+      ({ address }) => address !== rejected
+    );
+    const result = (0, import_get_cm_allowed_collaterals.getCMAllowedCollaterals)({
+      creditManager: baseCm,
+      tokensList,
+      delayedPhantoms: {},
+      nativeTokenAddress: import_test_utils.mockNativeTokenAddress,
+      wrappedNativeTokenAddress: import_test_utils.mockWrappedNativeTokenAddress,
+      extraCollaterals: void 0
+    });
+    (0, import_vitest.expect)(result).toEqual({
+      [underlying]: underlying,
+      [allowed]: allowed,
+      [import_test_utils.mockWrappedNativeTokenAddress]: import_test_utils.mockWrappedNativeTokenAddress,
+      [import_test_utils.mockNativeTokenAddress]: import_test_utils.mockNativeTokenAddress
+    });
+  });
+  (0, import_vitest.it)("does not mirror wrapped native when credit manager is paused", () => {
+    mockIsCollateralToken.mockReturnValue(true);
+    const pausedCm = (0, import_test_utils.buildCreditManager)({
+      ...baseCm,
+      isPaused: true
+    });
+    const result = (0, import_get_cm_allowed_collaterals.getCMAllowedCollaterals)({
+      creditManager: pausedCm,
+      tokensList,
+      delayedPhantoms: {},
+      nativeTokenAddress: import_test_utils.mockNativeTokenAddress,
+      wrappedNativeTokenAddress: import_test_utils.mockWrappedNativeTokenAddress,
+      extraCollaterals: void 0
+    });
+    (0, import_vitest.expect)(result).toEqual({
+      [underlying]: underlying,
+      [allowed]: allowed,
+      [rejected]: rejected,
+      [import_test_utils.mockWrappedNativeTokenAddress]: import_test_utils.mockWrappedNativeTokenAddress
+    });
+    (0, import_vitest.expect)(result[import_test_utils.mockNativeTokenAddress]).toBeUndefined();
+  });
+});

package/dist/cjs/common-utils/utils/strategies/credit-managers/get-wallet-balances-allowed-on-cm.js

@@ -0,0 +1,75 @@
+"use strict";
+var __defProp = Object.defineProperty;
+var __getOwnPropDesc = Object.getOwnPropertyDescriptor;
+var __getOwnPropNames = Object.getOwnPropertyNames;
+var __hasOwnProp = Object.prototype.hasOwnProperty;
+var __export = (target, all) => {
+  for (var name in all)
+    __defProp(target, name, { get: all[name], enumerable: true });
+};
+var __copyProps = (to, from, except, desc) => {
+  if (from && typeof from === "object" || typeof from === "function") {
+    for (let key of __getOwnPropNames(from))
+      if (!__hasOwnProp.call(to, key) && key !== except)
+        __defProp(to, key, { get: () => from[key], enumerable: !(desc = __getOwnPropDesc(from, key)) || desc.enumerable });
+  }
+  return to;
+};
+var __toCommonJS = (mod) => __copyProps(__defProp({}, "__esModule", { value: true }), mod);
+var get_wallet_balances_allowed_on_cm_exports = {};
+__export(get_wallet_balances_allowed_on_cm_exports, {
+  getWalletBalancesAllowedOnCM: () => getWalletBalancesAllowedOnCM
+});
+module.exports = __toCommonJS(get_wallet_balances_allowed_on_cm_exports);
+var import_sort = require("../../creditAccount/sort.js");
+var import_wrap_token_address = require("../tokens/wrap-token-address.js");
+function getWalletBalancesAllowedOnCM({
+  walletBalances,
+  collateralRecord,
+  nativeTokenAddress,
+  wrappedNativeTokenAddress,
+  prices,
+  tokensList,
+  isPaused = false
+}) {
+  const walletBalancesSorted = (0, import_sort.sortBalances)(
+    walletBalances || {},
+    prices,
+    tokensList
+  );
+  const { list, record } = walletBalancesSorted.reduce(
+    (acc, [token, balance]) => {
+      if (isPaused && token === nativeTokenAddress) return acc;
+      const wrappedAddress = (0, import_wrap_token_address.wrapTokenAddress)(
+        token,
+        nativeTokenAddress,
+        wrappedNativeTokenAddress
+      );
+      if (collateralRecord[wrappedAddress]) {
+        const asset = {
+          token,
+          balance
+        };
+        acc.list.push(asset);
+        acc.record[wrappedAddress] = asset;
+      }
+      return acc;
+    },
+    { list: [], record: {} }
+  );
+  const collateralList = Object.values(collateralRecord);
+  const missingAssets = collateralList.filter(
+    (token) => isPaused ? token !== nativeTokenAddress && !record[token] : !record[token]
+  ).map(
+    (token) => ({
+      token,
+      balance: 0n
+    })
+  );
+  const r = [...list, ...missingAssets];
+  return r;
+}
+// Annotate the CommonJS export names for ESM import in node:
+0 && (module.exports = {
+  getWalletBalancesAllowedOnCM
+});

package/dist/cjs/common-utils/utils/strategies/credit-managers/get-wallet-balances-allowed-on-cm.spec.js

@@ -0,0 +1,93 @@
+"use strict";
+var import_vitest = require("vitest");
+var import_token_data = require("../../../charts/token-data.js");
+var import_test_utils = require("../../../test-utils/index.js");
+var import_sort = require("../../creditAccount/sort.js");
+var import_get_wallet_balances_allowed_on_cm = require("./get-wallet-balances-allowed-on-cm.js");
+import_vitest.vi.mock("../../utils/creditAccount/sort.js", async () => {
+  const actual = await import_vitest.vi.importActual(
+    "../../utils/creditAccount/sort.js"
+  );
+  return {
+    ...actual,
+    sortBalances: import_vitest.vi.fn()
+  };
+});
+const mockSortBalances = import_vitest.vi.mocked(import_sort.sortBalances);
+(0, import_vitest.describe)("getWalletBalancesAllowedOnCM", () => {
+  const allowed = import_test_utils.mockToken1;
+  const prices = {};
+  const tokensList = {
+    [import_test_utils.mockNativeTokenAddress]: new import_token_data.TokenData({
+      addr: import_test_utils.mockNativeTokenAddress,
+      symbol: "ETH",
+      name: "Native",
+      decimals: 18,
+      isPhantom: false
+    }),
+    [import_test_utils.mockWrappedNativeTokenAddress]: new import_token_data.TokenData({
+      addr: import_test_utils.mockWrappedNativeTokenAddress,
+      symbol: "WETH",
+      name: "Wrapped",
+      decimals: 18,
+      isPhantom: false
+    }),
+    [allowed]: new import_token_data.TokenData({
+      addr: allowed,
+      symbol: "DAI",
+      name: "Allowed",
+      decimals: 18,
+      isPhantom: false
+    })
+  };
+  (0, import_vitest.afterEach)(() => {
+    import_vitest.vi.restoreAllMocks();
+    import_vitest.vi.clearAllMocks();
+  });
+  (0, import_vitest.it)("wraps native token when allowed and keeps sorted balances", () => {
+    const collateralRecord = {
+      [import_test_utils.mockWrappedNativeTokenAddress]: import_test_utils.mockWrappedNativeTokenAddress,
+      [allowed]: allowed
+    };
+    mockSortBalances.mockReturnValue([
+      [import_test_utils.mockNativeTokenAddress, 2n],
+      [allowed, 1n]
+    ]);
+    const result = (0, import_get_wallet_balances_allowed_on_cm.getWalletBalancesAllowedOnCM)({
+      walletBalances: {
+        [import_test_utils.mockNativeTokenAddress]: 2n,
+        [allowed]: 1n
+      },
+      collateralRecord,
+      nativeTokenAddress: import_test_utils.mockNativeTokenAddress,
+      wrappedNativeTokenAddress: import_test_utils.mockWrappedNativeTokenAddress,
+      prices,
+      tokensList
+    });
+    (0, import_vitest.expect)(result).toEqual([
+      { token: import_test_utils.mockNativeTokenAddress, balance: 2n },
+      { token: allowed, balance: 1n }
+    ]);
+  });
+  (0, import_vitest.it)("skips native token when paused and fills missing collaterals with zero", () => {
+    const collateralRecord = {
+      [import_test_utils.mockWrappedNativeTokenAddress]: import_test_utils.mockWrappedNativeTokenAddress,
+      [allowed]: allowed,
+      [import_test_utils.mockNativeTokenAddress]: import_test_utils.mockNativeTokenAddress
+    };
+    mockSortBalances.mockReturnValue([[import_test_utils.mockNativeTokenAddress, 5n]]);
+    const result = (0, import_get_wallet_balances_allowed_on_cm.getWalletBalancesAllowedOnCM)({
+      walletBalances: { [import_test_utils.mockNativeTokenAddress]: 5n },
+      collateralRecord,
+      nativeTokenAddress: import_test_utils.mockNativeTokenAddress,
+      wrappedNativeTokenAddress: import_test_utils.mockWrappedNativeTokenAddress,
+      prices,
+      tokensList,
+      isPaused: true
+    });
+    (0, import_vitest.expect)(result).toEqual([
+      { token: import_test_utils.mockWrappedNativeTokenAddress, balance: 0n },
+      { token: allowed, balance: 0n }
+    ]);
+  });
+});

package/dist/cjs/common-utils/utils/strategies/leverage/calculate-max-strategy-debt.js

@@ -0,0 +1,63 @@
+"use strict";
+var __defProp = Object.defineProperty;
+var __getOwnPropDesc = Object.getOwnPropertyDescriptor;
+var __getOwnPropNames = Object.getOwnPropertyNames;
+var __hasOwnProp = Object.prototype.hasOwnProperty;
+var __export = (target, all) => {
+  for (var name in all)
+    __defProp(target, name, { get: all[name], enumerable: true });
+};
+var __copyProps = (to, from, except, desc) => {
+  if (from && typeof from === "object" || typeof from === "function") {
+    for (let key of __getOwnPropNames(from))
+      if (!__hasOwnProp.call(to, key) && key !== except)
+        __defProp(to, key, { get: () => from[key], enumerable: !(desc = __getOwnPropDesc(from, key)) || desc.enumerable });
+  }
+  return to;
+};
+var __toCommonJS = (mod) => __copyProps(__defProp({}, "__esModule", { value: true }), mod);
+var calculate_max_strategy_debt_exports = {};
+__export(calculate_max_strategy_debt_exports, {
+  calculateMaxStrategyDebt: () => calculateMaxStrategyDebt
+});
+module.exports = __toCommonJS(calculate_max_strategy_debt_exports);
+var import_math = require("../../../../sdk/constants/math.js");
+var import_bigint_math = require("../../bigint-math.js");
+var import_calculate_loss_coefficient = require("./calculate-loss-coefficient.js");
+var import_max_leverage = require("./max-leverage.js");
+const DEFAULT_DEBT_CONSTANT_LOSS = 1500n;
+function calculateMaxStrategyDebt({
+  targetToken,
+  amount,
+  creditManager,
+  slippage,
+  constantLoss = DEFAULT_DEBT_CONSTANT_LOSS,
+  swapCollateral = true
+}) {
+  const targetQuota = creditManager.quotas[targetToken];
+  const quotaLeft = swapCollateral && targetQuota ? import_bigint_math.BigIntMath.max(0n, targetQuota.limit - targetQuota.totalQuoted) : void 0;
+  if (quotaLeft === 0n) {
+    return creditManager.minDebt;
+  }
+  const availableLiquidity = quotaLeft !== void 0 ? import_bigint_math.BigIntMath.min(quotaLeft, creditManager.availableToBorrow) : creditManager.availableToBorrow;
+  const coefficient = (0, import_calculate_loss_coefficient.calculateLossCoefficient)(slippage, constantLoss);
+  const effectiveMaxDebt = import_bigint_math.BigIntMath.max(
+    import_bigint_math.BigIntMath.min(availableLiquidity, creditManager.maxDebt),
+    creditManager.minDebt
+  );
+  if (amount === 0n) {
+    return effectiveMaxDebt;
+  }
+  const maxPossibleLeverage = (0, import_max_leverage.maxLeverage)(targetToken, [creditManager]);
+  const debt = amount * BigInt(maxPossibleLeverage) / import_math.LEVERAGE_DECIMALS;
+  const effectiveDebt = debt * coefficient / import_math.PERCENTAGE_FACTOR;
+  const result = import_bigint_math.BigIntMath.max(
+    import_bigint_math.BigIntMath.min(effectiveDebt, effectiveMaxDebt),
+    creditManager.minDebt
+  );
+  return result;
+}
+// Annotate the CommonJS export names for ESM import in node:
+0 && (module.exports = {
+  calculateMaxStrategyDebt
+});

package/dist/cjs/common-utils/utils/strategies/leverage/calculate-max-strategy-debt.spec.js

@@ -0,0 +1,330 @@
+"use strict";
+var import_vitest = require("vitest");
+var import_math = require("../../../../sdk/constants/math.js");
+var import_test_utils = require("../../../test-utils/index.js");
+var import_calculate_loss_coefficient = require("./calculate-loss-coefficient.js");
+var import_calculate_max_strategy_debt = require("./calculate-max-strategy-debt.js");
+var import_max_leverage = require("./max-leverage.js");
+import_vitest.vi.mock("./max-leverage");
+import_vitest.vi.mock(
+  "../../utils/strategies/leverage/calculate-loss-coefficient.js",
+  async () => {
+    const actual = await import_vitest.vi.importActual(
+      "../../utils/strategies/leverage/calculate-loss-coefficient.js"
+    );
+    return {
+      ...actual,
+      calculateLossCoefficient: import_vitest.vi.fn(
+        actual.calculateLossCoefficient
+      )
+    };
+  }
+);
+const mockMaxLeverage = import_vitest.vi.mocked(import_max_leverage.maxLeverage);
+const mockCalculateLossCoefficient = import_vitest.vi.mocked(import_calculate_loss_coefficient.calculateLossCoefficient);
+(0, import_vitest.describe)("calculateMaxStrategyDebt", () => {
+  const mockCreditManager = (0, import_test_utils.buildCreditManager)({});
+  (0, import_vitest.beforeEach)(() => {
+    mockMaxLeverage.mockReturnValue(
+      10n * import_math.LEVERAGE_DECIMALS
+    );
+    import_vitest.vi.clearAllMocks();
+  });
+  (0, import_vitest.it)("should return effectiveMaxDebt when amount is zero without calling maxLeverage", () => {
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount: 0n,
+      creditManager: mockCreditManager,
+      slippage: 100,
+      constantLoss: 30n
+    });
+    (0, import_vitest.expect)(mockMaxLeverage).not.toHaveBeenCalled();
+    (0, import_vitest.expect)(result).toEqual(900000n);
+  });
+  (0, import_vitest.it)("should calculate max debt correctly with mocked maxLeverage", () => {
+    const maxLeverageValue = 5n * import_math.LEVERAGE_DECIMALS;
+    mockMaxLeverage.mockReturnValue(maxLeverageValue);
+    const targetToken = import_test_utils.mockToken1;
+    const amount = 10000n;
+    const slippage = 100;
+    const constantLoss = 30n;
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount,
+      creditManager: mockCreditManager,
+      slippage,
+      constantLoss
+    });
+    (0, import_vitest.expect)(mockMaxLeverage).toHaveBeenCalledWith(targetToken, [
+      mockCreditManager
+    ]);
+    (0, import_vitest.expect)(mockMaxLeverage).toHaveBeenCalledTimes(1);
+    (0, import_vitest.expect)(result).toEqual(49350n);
+  });
+  (0, import_vitest.it)("should handle case where effectiveDebt exceeds effectiveMaxDebt", () => {
+    const veryHighLeverage = 100n * import_math.LEVERAGE_DECIMALS;
+    mockMaxLeverage.mockReturnValue(veryHighLeverage);
+    const amount = 100000000000000000000000n;
+    const creditManager = (0, import_test_utils.buildCreditManager)({
+      availableToBorrow: 1000n
+    });
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount,
+      creditManager,
+      slippage: 100,
+      constantLoss: 30n
+    });
+    (0, import_vitest.expect)(result).toEqual(creditManager.availableToBorrow);
+  });
+  (0, import_vitest.it)("should ensure result is at least minDebt", () => {
+    mockMaxLeverage.mockReturnValue(1n);
+    const amount = 10000n;
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount,
+      creditManager: mockCreditManager,
+      slippage: 100,
+      constantLoss: 30n
+    });
+    (0, import_vitest.expect)(result).toEqual(mockCreditManager.minDebt);
+  });
+  (0, import_vitest.it)("should handle different slippage values correctly", () => {
+    const maxLeverageValue = 10n * import_math.LEVERAGE_DECIMALS;
+    mockMaxLeverage.mockReturnValue(maxLeverageValue);
+    const amount = 10000n;
+    const highSlippage = 500;
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount,
+      creditManager: mockCreditManager,
+      slippage: highSlippage,
+      constantLoss: 30n
+    });
+    (0, import_vitest.expect)(result).toEqual(94700n);
+  });
+  (0, import_vitest.it)("should handle different constantLoss values correctly", () => {
+    const maxLeverageValue = 10n * import_math.LEVERAGE_DECIMALS;
+    mockMaxLeverage.mockReturnValue(maxLeverageValue);
+    const amount = 10000n;
+    const highConstantLoss = 500n;
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount,
+      creditManager: mockCreditManager,
+      slippage: 100,
+      constantLoss: highConstantLoss
+    });
+    (0, import_vitest.expect)(result).toEqual(94000n);
+  });
+  (0, import_vitest.it)("should respect quota limit when quotaLeft is less than availableToBorrow", () => {
+    const maxLeverageValue = 10n * import_math.LEVERAGE_DECIMALS;
+    mockMaxLeverage.mockReturnValue(maxLeverageValue);
+    const quotaLimit = 50000n;
+    const totalQuoted = 40000n;
+    const amount = 10000n;
+    const availableToBorrow = 100000n;
+    const creditManagerWithQuota = (0, import_test_utils.buildCreditManager)({
+      availableToBorrow,
+      quotas: {
+        ...mockCreditManager.quotas,
+        [import_test_utils.mockToken1]: {
+          ...mockCreditManager.quotas[import_test_utils.mockToken1],
+          limit: quotaLimit,
+          totalQuoted
+        }
+      }
+    });
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount,
+      creditManager: creditManagerWithQuota,
+      slippage: 100,
+      constantLoss: 30n
+    });
+    (0, import_vitest.expect)(result).toEqual(quotaLimit - totalQuoted);
+  });
+  (0, import_vitest.it)("should use availableToBorrow when quota does not exist for target token", () => {
+    const maxLeverageValue = 10n * import_math.LEVERAGE_DECIMALS;
+    mockMaxLeverage.mockReturnValue(maxLeverageValue);
+    const availableToBorrow = 75000n;
+    const tokenWithoutQuota = "0x9999999999999999999999999999999999999999";
+    const creditManagerWithoutQuota = (0, import_test_utils.buildCreditManager)({
+      availableToBorrow
+    });
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: tokenWithoutQuota,
+      amount: 10000n,
+      creditManager: creditManagerWithoutQuota,
+      slippage: 100,
+      constantLoss: 30n
+    });
+    (0, import_vitest.expect)(result).toEqual(creditManagerWithoutQuota.availableToBorrow);
+  });
+  (0, import_vitest.it)("should respect quotaLeft", () => {
+    const maxLeverageValue = 10n * import_math.LEVERAGE_DECIMALS;
+    mockMaxLeverage.mockReturnValue(maxLeverageValue);
+    const quotaLimit = 50000n;
+    const totalQuoted = 10000n;
+    const amount = 20000n;
+    const availableToBorrow = 100000n;
+    const creditManagerWithQuota = (0, import_test_utils.buildCreditManager)({
+      availableToBorrow,
+      quotas: {
+        ...mockCreditManager.quotas,
+        [import_test_utils.mockToken1]: {
+          ...mockCreditManager.quotas[import_test_utils.mockToken1],
+          limit: quotaLimit,
+          totalQuoted
+        }
+      }
+    });
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount,
+      creditManager: creditManagerWithQuota,
+      slippage: 100,
+      constantLoss: 30n
+    });
+    (0, import_vitest.expect)(result).toEqual(quotaLimit - totalQuoted);
+  });
+  (0, import_vitest.it)("returns minDebt when quotaLeft would be negative (clamped to 0)", () => {
+    const maxLeverageValue = 10n * import_math.LEVERAGE_DECIMALS;
+    mockMaxLeverage.mockReturnValue(maxLeverageValue);
+    const quotaLimit = 50000n;
+    const totalQuoted = 50001n;
+    const amount = 20000n;
+    const availableToBorrow = 100000n;
+    const creditManagerWithQuota = (0, import_test_utils.buildCreditManager)({
+      availableToBorrow,
+      quotas: {
+        ...mockCreditManager.quotas,
+        [import_test_utils.mockToken1]: {
+          ...mockCreditManager.quotas[import_test_utils.mockToken1],
+          limit: quotaLimit,
+          totalQuoted
+        }
+      }
+    });
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount,
+      creditManager: creditManagerWithQuota,
+      slippage: 100,
+      constantLoss: 30n
+    });
+    (0, import_vitest.expect)(result).toEqual(mockCreditManager.minDebt);
+    (0, import_vitest.expect)(mockMaxLeverage).not.toHaveBeenCalled();
+  });
+  (0, import_vitest.it)("returns minDebt when quotaLimit is zero", () => {
+    const maxLeverageValue = 10n * import_math.LEVERAGE_DECIMALS;
+    mockMaxLeverage.mockReturnValue(maxLeverageValue);
+    const quotaLimit = 0n;
+    const totalQuoted = 30000n;
+    const amount = 20000n;
+    const availableToBorrow = 100000n;
+    const creditManagerWithQuota = (0, import_test_utils.buildCreditManager)({
+      availableToBorrow,
+      quotas: {
+        ...mockCreditManager.quotas,
+        [import_test_utils.mockToken1]: {
+          ...mockCreditManager.quotas[import_test_utils.mockToken1],
+          limit: quotaLimit,
+          totalQuoted
+        }
+      }
+    });
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount,
+      creditManager: creditManagerWithQuota,
+      slippage: 100,
+      constantLoss: 30n
+    });
+    (0, import_vitest.expect)(result).toEqual(mockCreditManager.minDebt);
+    (0, import_vitest.expect)(mockMaxLeverage).not.toHaveBeenCalled();
+  });
+  (0, import_vitest.it)("returns minDebt when effectiveMaxDebt is below minDebt", () => {
+    mockCalculateLossCoefficient.mockReturnValueOnce(import_math.PERCENTAGE_FACTOR);
+    const creditManager = (0, import_test_utils.buildCreditManager)({
+      minDebt: 500n,
+      availableToBorrow: 50n,
+      maxDebt: 200n
+    });
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount: 0n,
+      creditManager,
+      slippage: 0,
+      constantLoss: 0n
+    });
+    (0, import_vitest.expect)(result).toEqual(creditManager.minDebt);
+    (0, import_vitest.expect)(mockMaxLeverage).not.toHaveBeenCalled();
+  });
+  (0, import_vitest.it)("clamps leveraged result to minDebt when effective debt is smaller", () => {
+    mockCalculateLossCoefficient.mockReturnValueOnce(import_math.PERCENTAGE_FACTOR);
+    const creditManager = (0, import_test_utils.buildCreditManager)({
+      minDebt: 500n,
+      availableToBorrow: 2000n,
+      maxDebt: 2000n
+    });
+    mockMaxLeverage.mockReturnValue(1n);
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount: 100n,
+      creditManager,
+      slippage: 0,
+      constantLoss: 0n
+    });
+    (0, import_vitest.expect)(result).toEqual(creditManager.minDebt);
+    (0, import_vitest.expect)(mockMaxLeverage).toHaveBeenCalledTimes(1);
+  });
+  (0, import_vitest.it)("ignores quota when swapCollateral is false", () => {
+    const creditManagerWithQuota = (0, import_test_utils.buildCreditManager)({
+      availableToBorrow: 100000n,
+      quotas: {
+        ...mockCreditManager.quotas,
+        [import_test_utils.mockToken1]: {
+          ...mockCreditManager.quotas[import_test_utils.mockToken1],
+          limit: 50000n,
+          totalQuoted: 40000n
+        }
+      }
+    });
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount: 0n,
+      creditManager: creditManagerWithQuota,
+      slippage: 100,
+      constantLoss: 30n,
+      swapCollateral: false
+    });
+    (0, import_vitest.expect)(result).toEqual(creditManagerWithQuota.availableToBorrow);
+    (0, import_vitest.expect)(mockMaxLeverage).not.toHaveBeenCalled();
+  });
+  (0, import_vitest.it)("should respect quota limit when amount is zero", () => {
+    const quotaLimit = 50000n;
+    const totalQuoted = 20000n;
+    const availableToBorrow = 100000n;
+    const creditManagerWithQuota = (0, import_test_utils.buildCreditManager)({
+      availableToBorrow,
+      quotas: {
+        ...mockCreditManager.quotas,
+        [import_test_utils.mockToken1]: {
+          ...mockCreditManager.quotas[import_test_utils.mockToken1],
+          limit: quotaLimit,
+          totalQuoted
+        }
+      }
+    });
+    const result = (0, import_calculate_max_strategy_debt.calculateMaxStrategyDebt)({
+      targetToken: import_test_utils.mockToken1,
+      amount: 0n,
+      creditManager: creditManagerWithQuota,
+      slippage: 100,
+      constantLoss: 30n
+    });
+    (0, import_vitest.expect)(result).toBe(30000n);
+    (0, import_vitest.expect)(mockMaxLeverage).not.toHaveBeenCalled();
+  });
+});