@kamino-finance/klend-sdk 5.15.2 → 5.15.3

package/dist/tests/tests/leverage_calcs.test.js

@@ -0,0 +1,765 @@
+"use strict";
+var __importDefault = (this && this.__importDefault) || function (mod) {
+    return (mod && mod.__esModule) ? mod : { "default": mod };
+};
+Object.defineProperty(exports, "__esModule", { value: true });
+const leverage_1 = require("../src/leverage");
+const decimal_js_1 = __importDefault(require("decimal.js"));
+const chai_1 = require("chai");
+const assert_1 = require("./runner/assert");
+const leverage_utils_1 = require("./runner/leverage_utils");
+const kit_1 = require("@solana/kit");
+const kliquidity_sdk_1 = require("@kamino-finance/kliquidity-sdk");
+const WhirlpoolStrategy_1 = require("@kamino-finance/kliquidity-sdk/dist/@codegen/kliquidity/accounts/WhirlpoolStrategy");
+const bn_js_1 = require("bn.js");
+const utils_1 = require("../src/classes/utils");
+const src_1 = require("../src");
+const env_1 = require("./runner/env");
+describe('Leverage calculation tests', function () {
+    it('calculate_given_deposit_and_leverage_in_debt_token', async function () {
+        // Depositing 1 SOL, targeting 3x leverage
+        // MSOL/SOL price = 30/25 = 1.2
+        // 1 SOL deposit -> leverage 3 -> SOL collateral = 3 SOL
+        // coll value = 3 SOL / 1.2 = 2.5 MSOL
+        // net value = 1 SOL
+        // debt value = 2 SOL
+        const collTokenMint = leverage_utils_1.MSOL_MINT;
+        const debtTokenMint = src_1.WRAPPED_SOL_MINT;
+        const selectedTokenMint = debtTokenMint;
+        const [deposited, borrowed] = [new decimal_js_1.default(0), new decimal_js_1.default(0)];
+        const [depositAmount, withdrawAmount] = [new decimal_js_1.default(1.0), new decimal_js_1.default(0)];
+        const targetLeverage = new decimal_js_1.default(3);
+        const priceCollToDebt = await (0, leverage_utils_1.getJupiterPrice)(collTokenMint, debtTokenMint);
+        const priceDebtToColl = await (0, leverage_utils_1.getJupiterPrice)(debtTokenMint, collTokenMint);
+        const res = await (0, leverage_1.calculateMultiplyEffects)(leverage_utils_1.getPriceByTokenMintDecimal, {
+            depositAmount,
+            withdrawAmount,
+            deposited,
+            borrowed,
+            debtTokenMint,
+            selectedTokenMint,
+            collTokenMint,
+            targetLeverage,
+            activeLeverageOption: leverage_1.LeverageOption.deposit,
+            flashLoanFeeRatio: new decimal_js_1.default(0.0),
+            debtBorrowFactorPct: new decimal_js_1.default(100),
+            priceCollToDebt,
+            priceDebtToColl,
+        });
+        console.log('calculateMultiplyEffects: ', (0, utils_1.toJson)(res));
+        chai_1.assert.equal(res.totalDeposited.toString(), '2.5');
+        chai_1.assert.equal(res.totalBorrowed.toString(), '2');
+    });
+    it('calculate_deposit_calcs_simple_token', async function () {
+        const priceDebtToColl = new decimal_js_1.default(0.8744719466019417);
+        const res = (0, leverage_1.depositLeverageCalcs)({
+            depositAmount: new decimal_js_1.default(1),
+            depositTokenIsCollToken: false,
+            depositTokenIsSol: true,
+            priceDebtToColl,
+            targetLeverage: new decimal_js_1.default(4.95),
+            slippagePct: new decimal_js_1.default(0.5),
+            flashLoanFee: new decimal_js_1.default(0.01),
+        });
+        const finalLeverage = new decimal_js_1.default(1).div(new decimal_js_1.default(1).minus(res.debtTokenToBorrow.mul(priceDebtToColl).div(res.collTokenToDeposit)));
+        console.log('depositLeverageCalcs: ', (0, utils_1.toJson)(res));
+        console.log('Final leverage: ', finalLeverage.toString());
+        (0, assert_1.assertFuzzyEq)(finalLeverage, new decimal_js_1.default(4.95));
+    });
+    it('calculate_deposit_calcs_sol', async function () {
+        const priceDebtToColl = new decimal_js_1.default(0.036301336599528215);
+        const res = (0, leverage_1.depositLeverageCalcs)({
+            depositAmount: new decimal_js_1.default(5),
+            depositTokenIsCollToken: true,
+            depositTokenIsSol: true,
+            priceDebtToColl,
+            targetLeverage: new decimal_js_1.default(3),
+            slippagePct: new decimal_js_1.default(0.0),
+            flashLoanFee: new decimal_js_1.default(0),
+        });
+        // Ops Calcs {
+        //   "flashBorrowInCollToken": "5.000999900009999000099990000999900010003",
+        //   "initDepositInSol": "5",
+        //   "debtTokenToBorrow": "275.4719505322557058183323271399737363102",
+        //   "collTokenToDeposit": "15",
+        //   "swapDebtTokenIn": "275.4719505322557058183323271399737363102",
+        //   "swapCollTokenExpectedOut": "9.999000099990000999900009999000099989997"
+        // }
+        const finalLeverage = new decimal_js_1.default(1).div(new decimal_js_1.default(1).minus(res.debtTokenToBorrow.mul(priceDebtToColl).div(res.collTokenToDeposit)));
+        console.log('depositLeverageCalcs: ', (0, utils_1.toJson)(res));
+        console.log('Final leverage: ', finalLeverage.toString());
+        chai_1.assert.equal(res.swapCollTokenExpectedOut.toNumber() + res.initDepositInSol.toNumber(), res.collTokenToDeposit.toNumber());
+        (0, assert_1.assertFuzzyEq)(finalLeverage, new decimal_js_1.default(3));
+    });
+    it('calculate_deposit_calcs_debt_sol', async function () {
+        const priceDebtToColl = new decimal_js_1.default(0.036301336599528215);
+        const res = (0, leverage_1.depositLeverageCalcs)({
+            depositAmount: new decimal_js_1.default(5),
+            depositTokenIsCollToken: false,
+            depositTokenIsSol: false,
+            priceDebtToColl,
+            targetLeverage: new decimal_js_1.default(3),
+            slippagePct: new decimal_js_1.default(0.01),
+            flashLoanFee: new decimal_js_1.default(0),
+        });
+        // Ops Calcs {
+        //   "flashBorrowInCollToken": "0.5443567419703321253623912826152154353691",
+        //   "initDepositInSol": "0",
+        //   "debtTokenToBorrow": "9.997000899730080975707287813655903229024",
+        //   "collTokenToDeposit": "0.5443567419703321253623912826152154353691",
+        //   "swapDebtTokenIn": "9.997000899730080975707287813655903229024",
+        //   "swapCollTokenExpectedOut": "0.5443567419703321253623912826152154353691"
+        // }
+        const finalLeverage = new decimal_js_1.default(1).div(new decimal_js_1.default(1).minus(res.debtTokenToBorrow.mul(priceDebtToColl).div(res.collTokenToDeposit)));
+        console.log('depositLeverageCalcs: ', (0, utils_1.toJson)(res));
+        console.log('Final leverage: ', finalLeverage.toString());
+        chai_1.assert.equal(res.swapCollTokenExpectedOut.toNumber() + res.initDepositInSol.toNumber(), res.collTokenToDeposit.toNumber());
+        (0, assert_1.assertFuzzyEq)(finalLeverage, new decimal_js_1.default(3));
+    });
+    it('calculate_leverage_sol_debt_deposit_simple', async function () {
+        // kAB - 0 deposit collateral
+        // A - 5 deposit debt
+        // AtoKAB = 20
+        // leverage = 5
+        const slippage = 0.01;
+        const { flashBorrowInCollToken, initDepositInSol, collTokenToDeposit, debtTokenToBorrow } = (0, leverage_1.depositLeverageCalcs)({
+            depositAmount: new decimal_js_1.default(5),
+            depositTokenIsCollToken: false,
+            depositTokenIsSol: true,
+            priceDebtToColl: new decimal_js_1.default(20),
+            targetLeverage: new decimal_js_1.default(5),
+            slippagePct: new decimal_js_1.default(slippage),
+            flashLoanFee: new decimal_js_1.default(0.01),
+        });
+        console.log((0, utils_1.toJson)({
+            flashBorrowInCollToken,
+            initDepositInSol,
+            collTokenToDeposit,
+            debtTokenToBorrow,
+        }));
+        chai_1.assert.equal(initDepositInSol.toNumber(), 5);
+        (0, assert_1.assertFuzzyEq)(collTokenToDeposit.toNumber(), 475.96, 0.01);
+        (0, assert_1.assertFuzzyEq)(flashBorrowInCollToken.toNumber(), 480.72, 0.01);
+        (0, assert_1.assertFuzzyEq)(debtTokenToBorrow.toNumber(), 19.03, 0.01);
+    });
+    it('calculate_deposit_calcs_k_token', async function () {
+        const priceDebtToColl = new decimal_js_1.default(20);
+        const res = await (0, leverage_1.depositLeverageKtokenCalcs)({
+            depositAmount: new decimal_js_1.default(1),
+            depositTokenIsCollToken: false,
+            depositTokenIsSol: true,
+            priceDebtToColl,
+            targetLeverage: new decimal_js_1.default(4.95),
+            slippagePct: new decimal_js_1.default(0.5),
+            flashLoanFee: new decimal_js_1.default(0),
+            ...(await strategyWithHoldings(new decimal_js_1.default('40000'), new decimal_js_1.default('1000'), new decimal_js_1.default('20000'))),
+        });
+        const finalLeverage = new decimal_js_1.default(1).div(new decimal_js_1.default(1).minus(res.debtTokenToBorrow.mul(priceDebtToColl).div(res.collTokenToDeposit)));
+        console.log(`depositLeverageKtokenCalcs: ${(0, utils_1.toJson)(res)}`);
+        console.log('Final leverage: ', finalLeverage.toString());
+        (0, assert_1.assertFuzzyEq)(finalLeverage, new decimal_js_1.default(4.95), 0.01);
+    });
+    it('calculate_given_deposit_and_leverage_in_coll_token', async function () {
+        // Depositing 1 SOL, targeting 3x leverage
+        // MSOL/SOL price = 30/25 = 1.2
+        // 1 SOL deposit = 1/1.2 = 0.8333333333333334 MSOL deposit
+        // leverage 3 -> SOL collateral = 3 SOL
+        // coll value = 3 SOL / 1.2 = 2.5 MSOL
+        // net value = 1 SOL
+        // debt value = 2 SOL
+        const collTokenMint = leverage_utils_1.MSOL_MINT;
+        const debtTokenMint = src_1.WRAPPED_SOL_MINT;
+        const selectedTokenMint = collTokenMint;
+        const [deposited, borrowed] = [new decimal_js_1.default(0), new decimal_js_1.default(0)];
+        const [depositAmount, withdrawAmount] = [new decimal_js_1.default('0.8333333333333334'), new decimal_js_1.default(0)];
+        const targetLeverage = new decimal_js_1.default(3);
+        const priceCollToDebt = await (0, leverage_utils_1.getJupiterPrice)(collTokenMint, debtTokenMint);
+        const priceDebtToColl = await (0, leverage_utils_1.getJupiterPrice)(debtTokenMint, collTokenMint);
+        const res = await (0, leverage_1.calculateMultiplyEffects)(leverage_utils_1.getPriceByTokenMintDecimal, {
+            depositAmount,
+            withdrawAmount,
+            deposited,
+            borrowed,
+            debtTokenMint,
+            selectedTokenMint,
+            collTokenMint,
+            targetLeverage,
+            activeLeverageOption: leverage_1.LeverageOption.deposit,
+            flashLoanFeeRatio: new decimal_js_1.default(0.0),
+            debtBorrowFactorPct: new decimal_js_1.default(100),
+            priceCollToDebt,
+            priceDebtToColl,
+        });
+        console.log('calculateMultiplyEffects: ', (0, utils_1.toJson)(res));
+        chai_1.assert.equal(res.totalDeposited.toString(), '2.5');
+        chai_1.assert.equal(res.totalBorrowed.toString(), '2');
+    });
+    it('calculate_given_deposit_and_leverage_in_debt_token_with_existing_position', async function () {
+        // MSOL/SOL price = 30/25 = 1.2
+        // Existing position {coll: 25 MSOL (30 SOL), debt: 20 SOL}
+        // Leverage is 3x
+        // Net value: 10 SOL
+        // Depositing 1 SOL, targeting 3x leverage
+        // New net value: 11 SOL
+        // New collateral value: 33 SOL; 33 / 1.2 = 27.5 MSOL
+        // New debt value: 33 - 11 = 22 SOL
+        const collTokenMint = leverage_utils_1.MSOL_MINT;
+        const debtTokenMint = src_1.WRAPPED_SOL_MINT;
+        const selectedTokenMint = debtTokenMint;
+        const [deposited, borrowed] = [new decimal_js_1.default('25.0'), new decimal_js_1.default('20.0')];
+        const [depositAmount, withdrawAmount] = [new decimal_js_1.default('1.0'), new decimal_js_1.default('0')];
+        const targetLeverage = new decimal_js_1.default('3');
+        const priceCollToDebt = await (0, leverage_utils_1.getJupiterPrice)(collTokenMint, debtTokenMint);
+        const priceDebtToColl = await (0, leverage_utils_1.getJupiterPrice)(debtTokenMint, collTokenMint);
+        const res = await (0, leverage_1.calculateMultiplyEffects)(leverage_utils_1.getPriceByTokenMintDecimal, {
+            depositAmount,
+            withdrawAmount,
+            deposited,
+            borrowed,
+            debtTokenMint,
+            selectedTokenMint,
+            collTokenMint,
+            targetLeverage,
+            activeLeverageOption: leverage_1.LeverageOption.deposit,
+            flashLoanFeeRatio: new decimal_js_1.default(0.0),
+            debtBorrowFactorPct: new decimal_js_1.default(100),
+            priceCollToDebt,
+            priceDebtToColl,
+        });
+        console.log('calculateMultiplyEffects: ', (0, utils_1.toJson)(res));
+        (0, assert_1.assertFuzzyEq)(res.totalDeposited, new decimal_js_1.default('27.5'));
+        (0, assert_1.assertFuzzyEq)(res.totalBorrowed, new decimal_js_1.default('22.0'));
+    });
+    it('calculate_given_deposit_and_leverage_in_coll_token_with_existing_position', async function () {
+        // MSOL/SOL price = 30/25 = 1.2
+        // Existing position {coll: 25 MSOL (30 SOL), debt: 20 SOL}
+        // Leverage is 3x
+        // Net value: 10 SOL
+        // Depositing 1 SOL, targeting 3x leverage
+        // New net value: 11 SOL
+        // New collateral value: 33 SOL; 33 / 1.2 = 27.5 MSOL
+        // New debt value: 33 - 11 = 22 SOL
+        const collTokenMint = leverage_utils_1.MSOL_MINT;
+        const debtTokenMint = src_1.WRAPPED_SOL_MINT;
+        const selectedTokenMint = collTokenMint;
+        const [deposited, borrowed] = [new decimal_js_1.default('25.0'), new decimal_js_1.default('20.0')];
+        const [depositAmount, withdrawAmount] = [new decimal_js_1.default('0.8333333333333334'), new decimal_js_1.default(0)];
+        const targetLeverage = new decimal_js_1.default('3');
+        const priceCollToDebt = await (0, leverage_utils_1.getJupiterPrice)(collTokenMint, debtTokenMint);
+        const priceDebtToColl = await (0, leverage_utils_1.getJupiterPrice)(debtTokenMint, collTokenMint);
+        const res = await (0, leverage_1.calculateMultiplyEffects)(leverage_utils_1.getPriceByTokenMintDecimal, {
+            depositAmount,
+            withdrawAmount,
+            deposited,
+            borrowed,
+            debtTokenMint,
+            selectedTokenMint,
+            collTokenMint,
+            targetLeverage,
+            activeLeverageOption: leverage_1.LeverageOption.deposit,
+            flashLoanFeeRatio: new decimal_js_1.default(0.0),
+            debtBorrowFactorPct: new decimal_js_1.default(100),
+            priceCollToDebt,
+            priceDebtToColl,
+        });
+        console.log('calculateMultiplyEffects: ', (0, utils_1.toJson)(res));
+        (0, assert_1.assertFuzzyEq)(res.totalDeposited, '27.5');
+        (0, assert_1.assertFuzzyEq)(res.totalBorrowed, '22.0');
+    });
+    it('calculate_given_withdraw_and_leverage_in_debt_token', async function () {
+        // MSOL/SOL: 1.2
+        // Net value: 10 SOL
+        // Leverage: 5x
+        // Collateral value: 50 SOL; 50 / 1.2 = 41.66666666666667 MSOL
+        // Debt value: 40 SOL
+        // Withdrawing 1 SOL, targeting same (5x) leverage
+        // Net value drops by 1 SOL = 9 SOL
+        // Therefore:
+        // Collateral value: 45 SOL; 45 / 1.2 = 37.5 MSOL
+        // Debt value: 45 - 9 = 36 SOL
+        const collTokenMint = leverage_utils_1.MSOL_MINT;
+        const debtTokenMint = src_1.WRAPPED_SOL_MINT;
+        const selectedTokenMint = debtTokenMint;
+        const [deposited, borrowed] = [new decimal_js_1.default('41.66666666666667'), new decimal_js_1.default('40')];
+        const [depositAmount, withdrawAmount] = [new decimal_js_1.default('0'), new decimal_js_1.default('1')];
+        const targetLeverage = new decimal_js_1.default('5');
+        const priceCollToDebt = await (0, leverage_utils_1.getJupiterPrice)(collTokenMint, debtTokenMint);
+        const priceDebtToColl = await (0, leverage_utils_1.getJupiterPrice)(debtTokenMint, collTokenMint);
+        const res = await (0, leverage_1.calculateMultiplyEffects)(leverage_utils_1.getPriceByTokenMintDecimal, {
+            depositAmount,
+            withdrawAmount,
+            deposited,
+            borrowed,
+            debtTokenMint,
+            selectedTokenMint,
+            collTokenMint,
+            targetLeverage,
+            activeLeverageOption: leverage_1.LeverageOption.withdraw,
+            flashLoanFeeRatio: new decimal_js_1.default(0.0),
+            debtBorrowFactorPct: new decimal_js_1.default(100),
+            priceCollToDebt,
+            priceDebtToColl,
+        });
+        console.log('calculateMultiplyEffects: ', (0, utils_1.toJson)(res));
+        (0, assert_1.assertFuzzyEq)(res.totalDeposited, new decimal_js_1.default('37.5'));
+        (0, assert_1.assertFuzzyEq)(res.totalBorrowed, new decimal_js_1.default('36.0'));
+    });
+    it('calculate_given_withdraw_and_leverage_in_coll_token', async function () {
+        // MSOL/SOL: 1.2
+        // Net value: 10 SOL
+        // Leverage: 5x
+        // Collateral value: 50 SOL; 50 / 1.2 = 41.66666666666667 MSOL
+        // Debt value: 40 SOL
+        // Withdrawing 1 SOL = 1 / 1.2 = 0.8333333333333334 MSOL, targeting same (5x) leverage
+        // Net value drops by 1 SOL = 9 SOL
+        // Therefore:
+        // Collateral value: 45 SOL; 45 / 1.2 = 37.5 MSOL
+        // Debt value: 45 - 9 = 36 SOL
+        const collTokenMint = leverage_utils_1.MSOL_MINT;
+        const debtTokenMint = src_1.WRAPPED_SOL_MINT;
+        const selectedTokenMint = collTokenMint;
+        const [deposited, borrowed] = [new decimal_js_1.default('41.66666666666667'), new decimal_js_1.default('40')];
+        const [depositAmount, withdrawAmount] = [new decimal_js_1.default('0'), new decimal_js_1.default('0.8333333333333334')];
+        const targetLeverage = new decimal_js_1.default('5');
+        const priceCollToDebt = await (0, leverage_utils_1.getJupiterPrice)(collTokenMint, debtTokenMint);
+        const priceDebtToColl = await (0, leverage_utils_1.getJupiterPrice)(debtTokenMint, collTokenMint);
+        const res = await (0, leverage_1.calculateMultiplyEffects)(leverage_utils_1.getPriceByTokenMintDecimal, {
+            depositAmount,
+            withdrawAmount,
+            deposited,
+            borrowed,
+            debtTokenMint,
+            selectedTokenMint,
+            collTokenMint,
+            targetLeverage,
+            activeLeverageOption: leverage_1.LeverageOption.withdraw,
+            flashLoanFeeRatio: new decimal_js_1.default(0.0),
+            debtBorrowFactorPct: new decimal_js_1.default(100),
+            priceCollToDebt,
+            priceDebtToColl,
+        });
+        console.log('calculateMultiplyEffects: ', (0, utils_1.toJson)(res));
+        (0, assert_1.assertFuzzyEq)(res.totalDeposited, new decimal_js_1.default('37.5'));
+        (0, assert_1.assertFuzzyEq)(res.totalBorrowed, new decimal_js_1.default('36.0'));
+    });
+    // TODO: marius test deposit when existing position also
+    it('calculate_given_adjust_and_net_value', async function () {
+        // MSOL/SOL: 1.2
+        // Net value: 10 SOL
+        // Leverage: 5x
+        // Collateral value: 50 SOL; 50 / 1.2 = 41.66666666666667 MSOL
+        // Debt value: 40 SOL
+        // Targeting 3x leverage instead
+        // Net value: 10 SOL
+        // Collateral value: 30 SOL; 30 / 1.2 = 25 MSOL -> diff = 41.66666666666667 - 25 = 16.66666666666667 MSOL
+        // Debt value: 30 - 10 = 20 SOL                 -> diff = 40 - 20 = 20 SOL
+        const collTokenMint = leverage_utils_1.MSOL_MINT;
+        const debtTokenMint = src_1.WRAPPED_SOL_MINT;
+        const selectedTokenMint = collTokenMint;
+        const [deposited, borrowed] = [new decimal_js_1.default('41.66666666666667'), new decimal_js_1.default('40')];
+        const [depositAmount, withdrawAmount] = [new decimal_js_1.default('0'), new decimal_js_1.default('0.0')];
+        const targetLeverage = new decimal_js_1.default('3');
+        const priceCollToDebt = await (0, leverage_utils_1.getJupiterPrice)(collTokenMint, debtTokenMint);
+        const priceDebtToColl = await (0, leverage_utils_1.getJupiterPrice)(debtTokenMint, collTokenMint);
+        const res = await (0, leverage_1.calculateMultiplyEffects)(leverage_utils_1.getPriceByTokenMintDecimal, {
+            depositAmount,
+            withdrawAmount,
+            deposited,
+            borrowed,
+            debtTokenMint,
+            selectedTokenMint,
+            collTokenMint,
+            targetLeverage,
+            activeLeverageOption: leverage_1.LeverageOption.adjust,
+            flashLoanFeeRatio: new decimal_js_1.default(0.0),
+            debtBorrowFactorPct: new decimal_js_1.default(100),
+            priceCollToDebt,
+            priceDebtToColl,
+        });
+        console.log('calculateMultiplyEffects: ', (0, utils_1.toJson)(res));
+        (0, assert_1.assertFuzzyEq)(res.totalDeposited, new decimal_js_1.default('25'));
+        (0, assert_1.assertFuzzyEq)(res.totalBorrowed, new decimal_js_1.default('20'));
+    });
+    it('calculate_given_withdraw_and_net_value_significant_decimals_tBTC', async function () {
+        const collTokenMint = leverage_utils_1.TBTC_MINT;
+        const debtTokenMint = src_1.WRAPPED_SOL_MINT;
+        const selectedTokenMint = debtTokenMint;
+        const [deposited, borrowed] = [new decimal_js_1.default('0.00005008'), new decimal_js_1.default('0.02')];
+        const [depositAmount, withdrawAmount] = [new decimal_js_1.default('0'), new decimal_js_1.default('0.0')];
+        const targetLeverage = new decimal_js_1.default('3');
+        const priceCollToDebt = await (0, leverage_utils_1.getJupiterPrice)(collTokenMint, debtTokenMint);
+        const priceDebtToColl = await (0, leverage_utils_1.getJupiterPrice)(debtTokenMint, collTokenMint);
+        const res = await (0, leverage_1.calculateMultiplyEffects)(leverage_utils_1.getPriceByTokenMintDecimal, {
+            depositAmount,
+            withdrawAmount,
+            deposited,
+            borrowed,
+            debtTokenMint,
+            selectedTokenMint,
+            collTokenMint,
+            targetLeverage,
+            activeLeverageOption: leverage_1.LeverageOption.withdraw,
+            flashLoanFeeRatio: new decimal_js_1.default(0.0),
+            debtBorrowFactorPct: new decimal_js_1.default(100),
+            priceCollToDebt,
+            priceDebtToColl,
+        });
+        console.log('calculateMultiplyEffects: ', (0, utils_1.toJson)(res));
+        chai_1.assert.ok(res.totalDeposited.gt(new decimal_js_1.default('0')));
+        chai_1.assert.ok(res.netValue.gt(new decimal_js_1.default('0')));
+    });
+    it('calculate_given_adjust_and_net_value_mainnet', async function () {
+        // MSOL/SOL: 1.12
+        // Net value: 3.88 SOL
+        // Leverage: 3.09x
+        // Collateral value: 3.88 * 3.09 = 11.99 SOL -> 11.99 / 1.12 = 10.71 MSOL
+        // Debt value: 11.99 - 3.88 = 8.11 SOL
+        // Targeting 2x leverage instead
+        // Net value: 3.88 SOL
+        // Collateral: 3.88 * 2 = 7.76 sol -> 7.76 / 1.12 = 6.93 MSOL
+        // Net value: 3.88 SOL
+        // Debt value: 7.76 - 3.88 = 3.88 SOL
+        // Leverage: 7.76 / 3.88 = 2
+        // Adjustments: 10.71 - 6.93 = 3.780000000000001 MSOL gone (withdraw)
+        // Adjustments: 8.11 - 3.88 = 4.23 SOL gone (repay)
+        // Rate: 4.23 / 3.78 = 1.1190476190476193
+        const getPriceToUsd = async (tokenMint) => {
+            if (tokenMint === src_1.WRAPPED_SOL_MINT) {
+                return Promise.resolve(new decimal_js_1.default(25.26));
+            }
+            if (tokenMint === leverage_utils_1.MSOL_MINT) {
+                return Promise.resolve(new decimal_js_1.default(28.41));
+            }
+            if (tokenMint === leverage_utils_1.USDC_MINT) {
+                return Promise.resolve(new decimal_js_1.default(1.0));
+            }
+            throw new Error('Invalid token mint');
+        };
+        const collTokenMint = leverage_utils_1.MSOL_MINT;
+        const debtTokenMint = src_1.WRAPPED_SOL_MINT;
+        const selectedTokenMint = collTokenMint;
+        const [deposited, borrowed] = [new decimal_js_1.default('10.68'), new decimal_js_1.default('8.12')];
+        const [depositAmount, withdrawAmount] = [new decimal_js_1.default('0'), new decimal_js_1.default('0.0')];
+        const targetLeverage = new decimal_js_1.default('2');
+        const priceCollToDebt = await (0, leverage_utils_1.getJupiterPrice)(collTokenMint, debtTokenMint, getPriceToUsd);
+        const priceDebtToColl = await (0, leverage_utils_1.getJupiterPrice)(debtTokenMint, collTokenMint);
+        const res = await (0, leverage_1.calculateMultiplyEffects)(getPriceToUsd, {
+            depositAmount,
+            withdrawAmount,
+            deposited,
+            borrowed,
+            debtTokenMint,
+            selectedTokenMint,
+            collTokenMint,
+            targetLeverage,
+            activeLeverageOption: leverage_1.LeverageOption.adjust,
+            flashLoanFeeRatio: new decimal_js_1.default(0.0),
+            debtBorrowFactorPct: new decimal_js_1.default(100),
+            priceCollToDebt,
+            priceDebtToColl,
+        });
+        console.log('calculateMultiplyEffects: ', (0, utils_1.toJson)(res));
+        (0, assert_1.assertFuzzyEq)(res.totalDeposited, new decimal_js_1.default('6.9206335797254487854'));
+        (0, assert_1.assertFuzzyEq)(res.totalBorrowed, new decimal_js_1.default('3.8918289786223277908'));
+    });
+    it('calculate_leverage_ktoken_deposits_non_sol_deposit_coll', async function () {
+        // kAB - 100 deposit collateral
+        // A - debt
+        // AtoKAB = 20
+        // leverage = 5
+        const slippage = 0.01;
+        const { flashBorrowInDebtTokenKtokenOnly, initDepositInSol, collTokenToDeposit, debtTokenToBorrow } = await (0, leverage_1.depositLeverageKtokenCalcs)({
+            depositAmount: new decimal_js_1.default(100),
+            depositTokenIsCollToken: true,
+            depositTokenIsSol: false,
+            priceDebtToColl: new decimal_js_1.default(20),
+            targetLeverage: new decimal_js_1.default(5),
+            slippagePct: new decimal_js_1.default(slippage),
+            flashLoanFee: new decimal_js_1.default(0.01),
+            ...(await strategyWithHoldings(new decimal_js_1.default('2000'), new decimal_js_1.default('2000'), new decimal_js_1.default('100'))),
+        });
+        console.log((0, utils_1.toJson)({
+            flashBorrowInDebtTokenKtokenOnly,
+            initDepositInSol,
+            collTokenToDeposit,
+            debtTokenToBorrow,
+        }));
+        (0, assert_1.assertFuzzyEq)(collTokenToDeposit.toNumber(), 480.76, slippage);
+        (0, assert_1.assertFuzzyEq)(flashBorrowInDebtTokenKtokenOnly.toNumber(), 19.04, slippage);
+        (0, assert_1.assertFuzzyEq)(debtTokenToBorrow.toNumber(), 19.23, slippage);
+    });
+    it('calculate_leverage_ktoken_deposits_sol_deposit_debt', async function () {
+        // kAB - 0 deposit collateral
+        // A - 5 deposit debt
+        // AtoKAB = 20
+        // leverage = 5
+        const slippage = 0.01;
+        const { flashBorrowInDebtTokenKtokenOnly, initDepositInSol, collTokenToDeposit, debtTokenToBorrow } = await (0, leverage_1.depositLeverageKtokenCalcs)({
+            depositAmount: new decimal_js_1.default(5),
+            depositTokenIsCollToken: false,
+            depositTokenIsSol: true,
+            priceDebtToColl: new decimal_js_1.default(20),
+            targetLeverage: new decimal_js_1.default(5),
+            slippagePct: new decimal_js_1.default(slippage),
+            flashLoanFee: new decimal_js_1.default(0.01),
+            ...(await strategyWithHoldings(new decimal_js_1.default('4000'), new decimal_js_1.default('100'), new decimal_js_1.default('2000'))),
+        });
+        console.log((0, utils_1.toJson)({
+            flashBorrowInDebtTokenKtokenOnly,
+            initDepositInSol,
+            collTokenToDeposit,
+            debtTokenToBorrow,
+        }));
+        chai_1.assert.equal(initDepositInSol.toNumber(), 5);
+        (0, assert_1.assertFuzzyEq)(collTokenToDeposit.toNumber(), 475.96, 0.01);
+        (0, assert_1.assertFuzzyEq)(flashBorrowInDebtTokenKtokenOnly.toNumber(), 18.99, 0.01);
+        (0, assert_1.assertFuzzyEq)(debtTokenToBorrow.toNumber(), 19.18, 0.01);
+    });
+    it('calculate_leverage_ktoken_deposits_non_sol_deposit_debt', async function () {
+        // kAB - 0 deposit collateral
+        // A - 5 deposit debt
+        // AtoKAB = 20
+        // leverage = 5
+        const slippage = 0.01;
+        const { flashBorrowInDebtTokenKtokenOnly, initDepositInSol, collTokenToDeposit, debtTokenToBorrow } = await (0, leverage_1.depositLeverageKtokenCalcs)({
+            depositAmount: new decimal_js_1.default(5),
+            depositTokenIsCollToken: false,
+            depositTokenIsSol: false,
+            priceDebtToColl: new decimal_js_1.default(20),
+            targetLeverage: new decimal_js_1.default(5),
+            slippagePct: new decimal_js_1.default(slippage),
+            flashLoanFee: new decimal_js_1.default(0.01),
+            ...(await strategyWithHoldings(new decimal_js_1.default('4000'), new decimal_js_1.default('100'), new decimal_js_1.default('2000'))),
+        });
+        console.log((0, utils_1.toJson)({
+            flashBorrowInDebtTokenKtokenOnly,
+            initDepositInSol,
+            collTokenToDeposit,
+            debtTokenToBorrow,
+        }));
+        chai_1.assert.equal(initDepositInSol.toNumber(), 0);
+        (0, assert_1.assertFuzzyEq)(collTokenToDeposit.toNumber(), 475.96, 0.01);
+        (0, assert_1.assertFuzzyEq)(flashBorrowInDebtTokenKtokenOnly.toNumber(), 18.99, 0.01);
+        (0, assert_1.assertFuzzyEq)(debtTokenToBorrow.toNumber(), 19.18, 0.01);
+    });
+});
+// describe('calcAdjustAmounts', () => {
+//   test('adjust leverage from 2 to 3', () => {
+//     const currentDepositPosition = new Decimal(100);
+//     const currentBorrowPosition = new Decimal(55);
+//     const params: AdjustLeverageParams = {
+//       targetLeverage: 3,
+//       currentDepositPosition: currentDepositPosition,
+//       currentBorrowPosition: currentBorrowPosition,
+//       priceCollToDebt: 1.1,
+//     };
+//     const result = calcAdjustAmounts(params);
+//     const totalDeposit = currentDepositPosition.add(result.adjustDepositPosition);
+//     const totalBorrow = currentBorrowPosition.add(result.adjustBorrowPosition);
+//     const ltv = totalBorrow.div(totalDeposit.mul(params.priceCollToDebt));
+//     expect(calcLeverageFromLtv(ltv.toNumber())).toBeCloseTo(params.targetLeverage);
+//   });
+//   test('adjust leverage from 2 to 1.5', () => {
+//     const currentDepositPosition = new Decimal(100);
+//     const currentBorrowPosition = new Decimal(55);
+//     const params: AdjustLeverageParams = {
+//       targetLeverage: 1.5,
+//       currentDepositPosition: currentDepositPosition,
+//       currentBorrowPosition: currentBorrowPosition,
+//       priceCollToDebt: 1.1,
+//     };
+//     const result = calcAdjustAmounts(params);
+//     const totalDeposit = currentDepositPosition.add(result.adjustDepositPosition);
+//     const totalBorrow = currentBorrowPosition.add(result.adjustBorrowPosition);
+//     const ltv = totalBorrow.div(totalDeposit.mul(params.priceCollToDebt));
+//     expect(calcLeverageFromLtv(ltv.toNumber())).toBeCloseTo(params.targetLeverage);
+//   });
+// });
+// describe('calcWithdrawBorrowTokenAmount', () => {
+//   test('calculate tokenB repayment with LTV 0.5', () => {
+//     const deposited = 100;
+//     const borrowed = 55;
+//     const params: CalcWithdrawBorrowTokenAmountParams = {
+//       targetLTV: 0.5,
+//       withdrawAmount: 10,
+//       priceCollToDebt: 1.1,
+//     };
+//     const result = calcWithdrawBorrowTokenAmount(params);
+//     const depositedFinal = new Decimal(deposited).minus(10);
+//     const borrowedFinal = new Decimal(borrowed).minus(result);
+//     const ltv = borrowedFinal.div(depositedFinal.mul(params.priceCollToDebt)).toNumber();
+//     expect(ltv).toBeCloseTo(params.targetLTV, 5);
+//   });
+//   test('calculate tokenB repayment with LTV 0.64', () => {
+//     const deposited = 0.082866772;
+//     const borrowed = 0.058559703;
+//     const params: CalcWithdrawBorrowTokenAmountParams = {
+//       targetLTV: 0.642429919,
+//       withdrawAmount: 0.041433386,
+//       priceCollToDebt: 1.1,
+//     };
+//     const result = calcWithdrawBorrowTokenAmount(params);
+//     const depositedFinal = new Decimal(deposited).minus(params.withdrawAmount);
+//     const borrowedFinal = new Decimal(borrowed).minus(result);
+//     const ltv = borrowedFinal.div(depositedFinal.mul(params.priceCollToDebt)).toNumber();
+//     console.log('depositedFinal', depositedFinal.toNumber(), 'borrowedFinal', borrowedFinal.toNumber(), 'ltv', ltv);
+//     expect(ltv).toBeCloseTo(params.targetLTV, 5);
+//   });
+// });
+async function strategyWithHoldings(sharesIssued, a, b) {
+    const env = await (0, env_1.initEnv)();
+    const tokenAMint = (await (0, kit_1.generateKeyPairSigner)()).address;
+    const strategy = {
+        address: (await (0, kit_1.generateKeyPairSigner)()).address,
+        strategy: new WhirlpoolStrategy_1.WhirlpoolStrategy({
+            ...emptyStrategyFields(),
+            sharesIssued: new bn_js_1.BN(sharesIssued.mul(10 ** 6).toString()),
+            sharesMintDecimals: new bn_js_1.BN('6'),
+            kaminoRewards: [],
+            tokenAMintDecimals: new bn_js_1.BN('6'),
+            tokenBMintDecimals: new bn_js_1.BN('6'),
+            tokenAMint: tokenAMint,
+        }),
+    };
+    return {
+        strategy,
+        strategyHoldings: {
+            a: a.mul(10 ** 6),
+            b: b.mul(10 ** 6),
+        },
+        debtTokenMint: tokenAMint,
+        priceAinB: async () => b.div(a),
+        kamino: new kliquidity_sdk_1.Kamino('localnet', env.c.rpc, env.legacyConnection),
+    };
+}
+function emptyStrategyFields() {
+    return {
+        deprecated0: [],
+        deprecated1: [],
+        deprecated2: src_1.DEFAULT_PUBLIC_KEY,
+        pendingAdmin: src_1.DEFAULT_PUBLIC_KEY,
+        rebalancesCap: {
+            configCapacity: new bn_js_1.BN('0'),
+            currentTotal: new bn_js_1.BN('0'),
+            lastIntervalStartTimestamp: new bn_js_1.BN('0'),
+            configIntervalLengthSeconds: new bn_js_1.BN('0'),
+        },
+        swapUnevenAuthority: src_1.DEFAULT_PUBLIC_KEY,
+        tokenATokenProgram: src_1.DEFAULT_PUBLIC_KEY,
+        tokenBTokenProgram: src_1.DEFAULT_PUBLIC_KEY,
+        adminAuthority: src_1.DEFAULT_PUBLIC_KEY,
+        globalConfig: src_1.DEFAULT_PUBLIC_KEY,
+        baseVaultAuthority: src_1.DEFAULT_PUBLIC_KEY,
+        baseVaultAuthorityBump: new bn_js_1.BN('0'),
+        pool: src_1.DEFAULT_PUBLIC_KEY,
+        poolTokenVaultA: src_1.DEFAULT_PUBLIC_KEY,
+        poolTokenVaultB: src_1.DEFAULT_PUBLIC_KEY,
+        tickArrayLower: src_1.DEFAULT_PUBLIC_KEY,
+        tickArrayUpper: src_1.DEFAULT_PUBLIC_KEY,
+        position: src_1.DEFAULT_PUBLIC_KEY,
+        positionMint: src_1.DEFAULT_PUBLIC_KEY,
+        positionMetadata: src_1.DEFAULT_PUBLIC_KEY,
+        positionTokenAccount: src_1.DEFAULT_PUBLIC_KEY,
+        tokenAVault: src_1.DEFAULT_PUBLIC_KEY,
+        tokenBVault: src_1.DEFAULT_PUBLIC_KEY,
+        tokenAMint: src_1.DEFAULT_PUBLIC_KEY,
+        tokenBMint: src_1.DEFAULT_PUBLIC_KEY,
+        tokenAMintDecimals: new bn_js_1.BN('0'),
+        tokenBMintDecimals: new bn_js_1.BN('0'),
+        tokenAAmounts: new bn_js_1.BN('0'),
+        tokenBAmounts: new bn_js_1.BN('0'),
+        tokenACollateralId: new bn_js_1.BN('0'),
+        tokenBCollateralId: new bn_js_1.BN('0'),
+        scopePrices: src_1.DEFAULT_PUBLIC_KEY,
+        sharesMint: src_1.DEFAULT_PUBLIC_KEY,
+        sharesMintDecimals: new bn_js_1.BN('0'),
+        sharesMintAuthority: src_1.DEFAULT_PUBLIC_KEY,
+        sharesMintAuthorityBump: new bn_js_1.BN('0'),
+        sharesIssued: new bn_js_1.BN('0'),
+        status: new bn_js_1.BN('0'),
+        reward0Amount: new bn_js_1.BN('0'),
+        reward0Vault: src_1.DEFAULT_PUBLIC_KEY,
+        reward0CollateralId: new bn_js_1.BN('0'),
+        reward0Decimals: new bn_js_1.BN('0'),
+        reward1Amount: new bn_js_1.BN('0'),
+        reward1Vault: src_1.DEFAULT_PUBLIC_KEY,
+        reward1CollateralId: new bn_js_1.BN('0'),
+        reward1Decimals: new bn_js_1.BN('0'),
+        reward2Amount: new bn_js_1.BN('0'),
+        reward2Vault: src_1.DEFAULT_PUBLIC_KEY,
+        reward2CollateralId: new bn_js_1.BN('0'),
+        reward2Decimals: new bn_js_1.BN('0'),
+        depositCapUsd: new bn_js_1.BN('0'),
+        feesACumulative: new bn_js_1.BN('0'),
+        feesBCumulative: new bn_js_1.BN('0'),
+        reward0AmountCumulative: new bn_js_1.BN('0'),
+        reward1AmountCumulative: new bn_js_1.BN('0'),
+        reward2AmountCumulative: new bn_js_1.BN('0'),
+        depositCapUsdPerIxn: new bn_js_1.BN('0'),
+        withdrawalCapA: {
+            configCapacity: new bn_js_1.BN('0'),
+            currentTotal: new bn_js_1.BN('0'),
+            lastIntervalStartTimestamp: new bn_js_1.BN('0'),
+            configIntervalLengthSeconds: new bn_js_1.BN('0'),
+        },
+        withdrawalCapB: {
+            configCapacity: new bn_js_1.BN('0'),
+            currentTotal: new bn_js_1.BN('0'),
+            lastIntervalStartTimestamp: new bn_js_1.BN('0'),
+            configIntervalLengthSeconds: new bn_js_1.BN('0'),
+        },
+        maxPriceDeviationBps: new bn_js_1.BN('0'),
+        swapVaultMaxSlippageBps: 0,
+        swapVaultMaxSlippageFromReferenceBps: 0,
+        strategyType: new bn_js_1.BN('0'),
+        padding0: new bn_js_1.BN('0'),
+        withdrawFee: new bn_js_1.BN('0'),
+        feesFee: new bn_js_1.BN('0'),
+        reward0Fee: new bn_js_1.BN('0'),
+        reward1Fee: new bn_js_1.BN('0'),
+        reward2Fee: new bn_js_1.BN('0'),
+        positionTimestamp: new bn_js_1.BN('0'),
+        kaminoRewards: [],
+        strategyDex: new bn_js_1.BN('0'),
+        raydiumProtocolPositionOrBaseVaultAuthority: src_1.DEFAULT_PUBLIC_KEY,
+        allowDepositWithoutInvest: new bn_js_1.BN('0'),
+        raydiumPoolConfigOrBaseVaultAuthority: src_1.DEFAULT_PUBLIC_KEY,
+        depositBlocked: 0,
+        creationStatus: 0,
+        investBlocked: 0,
+        /** share_calculation_method can be either DOLAR_BASED=0 or PROPORTION_BASED=1 */
+        shareCalculationMethod: 0,
+        withdrawBlocked: 0,
+        reservedFlag2: 0,
+        localAdminBlocked: 0,
+        flashVaultSwapAllowed: 0,
+        referenceSwapPriceA: {
+            value: new bn_js_1.BN('0'),
+            exp: new bn_js_1.BN('0'),
+        },
+        referenceSwapPriceB: {
+            value: new bn_js_1.BN('0'),
+            exp: new bn_js_1.BN('0'),
+        },
+        isCommunity: 0,
+        rebalanceType: 0,
+        padding1: [],
+        rebalanceRaw: {
+            params: [],
+            state: [],
+            referencePriceType: 0,
+        },
+        padding2: [],
+        tokenAFeesFromRewardsCumulative: new bn_js_1.BN('0'),
+        tokenBFeesFromRewardsCumulative: new bn_js_1.BN('0'),
+        strategyLookupTable: src_1.DEFAULT_PUBLIC_KEY,
+        lastSwapUnevenStepTimestamp: new bn_js_1.BN('0'),
+        farm: src_1.DEFAULT_PUBLIC_KEY,
+        padding3: new bn_js_1.BN('0'),
+        padding4: [],
+        padding5: [],
+        padding6: [],
+        padding7: [],
+    };
+}
+//# sourceMappingURL=leverage_calcs.test.js.map