@morpho-org/blue-sdk 4.9.0 → 4.10.0-next.0

package/lib/addresses.d.ts

@@ -63,6 +63,8 @@ export interface ChainAddresses {
     usdc?: Address;
     stEth?: Address;
     wstEth?: Address;
+    vaultV2Factory?: Address;
+    vaultV2MorphoVaultV1AdapterFactory?: Address;
 }
 declare const _addressesRegistry: {
     readonly 1: {
@@ -174,6 +176,8 @@ declare const _addressesRegistry: {
         readonly usdc: "0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913";
         readonly verUsdc: "0x59aaF835D34b1E3dF2170e4872B785f11E2a964b";
         readonly testUsdc: "0xBC77067f829979812d795d516E523C4033b66409";
+        readonly vaultV2Factory: "0xC2F730a67AE81a7D2C17268A9652338449BF264b";
+        readonly vaultV2MorphoVaultV1AdapterFactory: "0xF123759C14B824e5670258e67C9FcEa7Ff368b50";
     };
     readonly 137: {
         readonly morpho: "0x1bF0c2541F820E775182832f06c0B7Fc27A25f67";
@@ -867,6 +871,8 @@ export declare let addressesRegistry: {
         readonly usdc: "0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913";
         readonly verUsdc: "0x59aaF835D34b1E3dF2170e4872B785f11E2a964b";
         readonly testUsdc: "0xBC77067f829979812d795d516E523C4033b66409";
+        readonly vaultV2Factory: "0xC2F730a67AE81a7D2C17268A9652338449BF264b";
+        readonly vaultV2MorphoVaultV1AdapterFactory: "0xF123759C14B824e5670258e67C9FcEa7Ff368b50";
     };
     readonly 137: {
         readonly morpho: "0x1bF0c2541F820E775182832f06c0B7Fc27A25f67";

package/lib/addresses.js

@@ -133,6 +133,8 @@ const _addressesRegistry = {
         usdc: "0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913",
         verUsdc: "0x59aaF835D34b1E3dF2170e4872B785f11E2a964b",
         testUsdc: "0xBC77067f829979812d795d516E523C4033b66409",
+        vaultV2Factory: "0xC2F730a67AE81a7D2C17268A9652338449BF264b",
+        vaultV2MorphoVaultV1AdapterFactory: "0xF123759C14B824e5670258e67C9FcEa7Ff368b50",
     },
     [chain_js_1.ChainId.PolygonMainnet]: {
         morpho: "0x1bF0c2541F820E775182832f06c0B7Fc27A25f67",

package/lib/errors.d.ts

@@ -25,6 +25,10 @@ export declare class UnsupportedPreLiquidationParamsError extends Error {
     readonly lltv: bigint;
     constructor(lltv: bigint);
 }
+export declare class UnsupportedVaultV2AdapterError extends Error {
+    readonly address: Address;
+    constructor(address: Address);
+}
 export declare namespace BlueErrors {
     class AlreadySet extends Error {
         readonly name: string;

package/lib/errors.js

@@ -1,6 +1,6 @@
 "use strict";
 Object.defineProperty(exports, "__esModule", { value: true });
-exports.BlueErrors = exports.UnsupportedPreLiquidationParamsError = exports.UnsupportedChainIdError = exports.UnknownVaultConfigError = exports.UnknownMarketParamsError = exports.UnknownTokenPriceError = exports.UnknownTokenError = exports.UnknownDataError = void 0;
+exports.BlueErrors = exports.UnsupportedVaultV2AdapterError = exports.UnsupportedPreLiquidationParamsError = exports.UnsupportedChainIdError = exports.UnknownVaultConfigError = exports.UnknownMarketParamsError = exports.UnknownTokenPriceError = exports.UnknownTokenError = exports.UnknownDataError = void 0;
 exports._try = _try;
 const viem_1 = require("viem");
 class UnknownDataError extends Error {
@@ -54,6 +54,14 @@ class UnsupportedPreLiquidationParamsError extends Error {
     }
 }
 exports.UnsupportedPreLiquidationParamsError = UnsupportedPreLiquidationParamsError;
+class UnsupportedVaultV2AdapterError extends Error {
+    address;
+    constructor(address) {
+        super(`vault v2 adapter "${address}" is not supported`);
+        this.address = address;
+    }
+}
+exports.UnsupportedVaultV2AdapterError = UnsupportedVaultV2AdapterError;
 var BlueErrors;
 (function (BlueErrors) {
     class AlreadySet extends Error {

package/lib/index.d.ts

@@ -11,3 +11,4 @@ export * from "./holding/index.js";
 export * from "./position/index.js";
 export * from "./vault/index.js";
 export * from "./preLiquidation.js";
+export * from "./vault-v2/index.js";

package/lib/index.js

@@ -27,3 +27,4 @@ __exportStar(require("./holding/index.js"), exports);
 __exportStar(require("./position/index.js"), exports);
 __exportStar(require("./vault/index.js"), exports);
 __exportStar(require("./preLiquidation.js"), exports);
+__exportStar(require("./vault-v2/index.js"), exports);

package/lib/vault-v2/VaultV2.d.ts

@@ -0,0 +1,56 @@
+import type { Address } from "viem";
+import { type RoundingDirection } from "../math";
+import { type IToken, WrappedToken } from "../token";
+import type { BigIntish } from "../types";
+import type { IAccrualVaultV2Adapter } from "./VaultV2Adapter";
+export interface IVaultV2 extends IToken {
+    asset: Address;
+    totalSupply: bigint;
+    totalAssets: bigint;
+    performanceFee: bigint;
+    managementFee: bigint;
+    virtualShares: bigint;
+    lastUpdate: bigint;
+    adapters: Address[];
+    maxRate: bigint;
+    liquidityAdapter: Address;
+    performanceFeeRecipient: Address;
+    managementFeeRecipient: Address;
+}
+export declare class VaultV2 extends WrappedToken implements IVaultV2 {
+    readonly asset: Address;
+    /**
+     * The ERC4626 vault's total supply of shares.
+     */
+    totalSupply: bigint;
+    /**
+     * The ERC4626 vault's total assets, without accrued interest
+     */
+    totalAssets: bigint;
+    virtualShares: bigint;
+    lastUpdate: bigint;
+    adapters: Address[];
+    maxRate: bigint;
+    performanceFee: bigint;
+    managementFee: bigint;
+    liquidityAdapter: Address;
+    performanceFeeRecipient: Address;
+    managementFeeRecipient: Address;
+    constructor({ totalSupply, asset, totalAssets, virtualShares, lastUpdate, adapters, maxRate, performanceFee, managementFee, liquidityAdapter, performanceFeeRecipient, managementFeeRecipient, ...config }: IVaultV2);
+    toAssets(shares: bigint): bigint;
+    toShares(assets: bigint): bigint;
+    protected _wrap(amount: bigint, rounding: RoundingDirection): bigint;
+    protected _unwrap(amount: bigint, rounding: RoundingDirection): bigint;
+}
+export interface IAccrualVaultV2 extends Omit<IVaultV2, "adapters"> {
+}
+export declare class AccrualVaultV2 extends VaultV2 implements IAccrualVaultV2 {
+    readonly accrualAdapters: IAccrualVaultV2Adapter[];
+    readonly assetBalance: bigint;
+    constructor(vault: IAccrualVaultV2, accrualAdapters: IAccrualVaultV2Adapter[], assetBalance: bigint);
+    accrueInterest(timestamp: BigIntish): {
+        vault: AccrualVaultV2;
+        performanceFeeShares: bigint;
+        managementFeeShares: bigint;
+    };
+}

package/lib/vault-v2/VaultV2.js

@@ -0,0 +1,90 @@
+"use strict";
+Object.defineProperty(exports, "__esModule", { value: true });
+exports.AccrualVaultV2 = exports.VaultV2 = void 0;
+const math_1 = require("../math");
+const token_1 = require("../token");
+class VaultV2 extends token_1.WrappedToken {
+    asset;
+    /**
+     * The ERC4626 vault's total supply of shares.
+     */
+    totalSupply;
+    /**
+     * The ERC4626 vault's total assets, without accrued interest
+     */
+    totalAssets;
+    virtualShares;
+    lastUpdate;
+    adapters;
+    maxRate;
+    performanceFee;
+    managementFee;
+    liquidityAdapter;
+    performanceFeeRecipient;
+    managementFeeRecipient;
+    constructor({ totalSupply, asset, totalAssets, virtualShares, lastUpdate, adapters, maxRate, performanceFee, managementFee, liquidityAdapter, performanceFeeRecipient, managementFeeRecipient, ...config }) {
+        super(config, asset);
+        this.totalSupply = totalSupply;
+        this.totalAssets = totalAssets;
+        this.virtualShares = virtualShares;
+        this.lastUpdate = lastUpdate;
+        this.asset = asset;
+        this.maxRate = maxRate;
+        this.adapters = adapters;
+        this.performanceFee = performanceFee;
+        this.managementFee = managementFee;
+        this.liquidityAdapter = liquidityAdapter;
+        this.performanceFeeRecipient = performanceFeeRecipient;
+        this.managementFeeRecipient = managementFeeRecipient;
+    }
+    toAssets(shares) {
+        return this._unwrap(shares, "Down");
+    }
+    toShares(assets) {
+        return this._wrap(assets, "Down");
+    }
+    _wrap(amount, rounding) {
+        return math_1.MathLib.mulDiv(amount, this.totalSupply + this.virtualShares, this.totalAssets + 1n, rounding);
+    }
+    _unwrap(amount, rounding) {
+        return math_1.MathLib.mulDiv(amount, this.totalAssets + 1n, this.totalSupply + this.virtualShares, rounding);
+    }
+}
+exports.VaultV2 = VaultV2;
+class AccrualVaultV2 extends VaultV2 {
+    accrualAdapters;
+    assetBalance;
+    constructor(vault, accrualAdapters, assetBalance) {
+        super({ ...vault, adapters: accrualAdapters.map((a) => a.address) });
+        this.accrualAdapters = accrualAdapters;
+        this.assetBalance = assetBalance;
+    }
+    accrueInterest(timestamp) {
+        const vault = new AccrualVaultV2(this, this.accrualAdapters, this.assetBalance);
+        const elapsed = BigInt(timestamp) - vault.lastUpdate;
+        if (elapsed <= 0n)
+            return { vault, performanceFeeShares: 0n, managementFeeShares: 0n };
+        const realAssets = vault.accrualAdapters.reduce((curr, adapter) => curr + adapter.realAssets(timestamp), vault.assetBalance);
+        const maxTotalAssets = vault.totalAssets +
+            math_1.MathLib.wMulDown(vault.totalAssets * elapsed, vault.maxRate);
+        const newTotalAssets = math_1.MathLib.min(realAssets, maxTotalAssets);
+        const interest = math_1.MathLib.zeroFloorSub(newTotalAssets, vault.totalAssets);
+        const performanceFeeAssets = interest > 0n && vault.performanceFee > 0n
+            ? math_1.MathLib.wMulDown(interest, vault.performanceFee)
+            : 0n;
+        const managementFeeAssets = elapsed > 0n && vault.managementFee > 0n
+            ? math_1.MathLib.wMulDown(newTotalAssets * elapsed, vault.managementFee)
+            : 0n;
+        const newTotalAssetsWithoutFees = newTotalAssets - performanceFeeAssets - managementFeeAssets;
+        const performanceFeeShares = math_1.MathLib.mulDivDown(performanceFeeAssets, vault.totalSupply + vault.virtualShares, newTotalAssetsWithoutFees + 1n);
+        const managementFeeShares = math_1.MathLib.mulDivDown(managementFeeAssets, vault.totalSupply + vault.virtualShares, newTotalAssetsWithoutFees + 1n);
+        vault.totalAssets = newTotalAssets;
+        if (performanceFeeShares)
+            vault.totalSupply += performanceFeeShares;
+        if (managementFeeShares)
+            vault.totalSupply += managementFeeShares;
+        vault.lastUpdate = BigInt(timestamp);
+        return { vault, performanceFeeShares, managementFeeShares };
+    }
+}
+exports.AccrualVaultV2 = AccrualVaultV2;

package/lib/vault-v2/VaultV2Adapter.d.ts

@@ -0,0 +1,18 @@
+import type { Address, Hash } from "viem";
+import type { BigIntish } from "../types";
+export interface IVaultV2Adapter {
+    address: Address;
+    parentVault: Address;
+    adapterId: Hash;
+    skimRecipient: Address;
+}
+export declare abstract class VaultV2Adapter implements IVaultV2Adapter {
+    readonly address: Address;
+    readonly parentVault: Address;
+    readonly adapterId: Hash;
+    skimRecipient: Address;
+    constructor({ address, parentVault, adapterId, skimRecipient, }: IVaultV2Adapter);
+}
+export interface IAccrualVaultV2Adapter extends IVaultV2Adapter {
+    realAssets(timestamp: BigIntish): bigint;
+}

package/lib/vault-v2/VaultV2Adapter.js

@@ -0,0 +1,16 @@
+"use strict";
+Object.defineProperty(exports, "__esModule", { value: true });
+exports.VaultV2Adapter = void 0;
+class VaultV2Adapter {
+    address;
+    parentVault;
+    adapterId;
+    skimRecipient;
+    constructor({ address, parentVault, adapterId, skimRecipient, }) {
+        this.address = address;
+        this.parentVault = parentVault;
+        this.adapterId = adapterId;
+        this.skimRecipient = skimRecipient;
+    }
+}
+exports.VaultV2Adapter = VaultV2Adapter;

package/lib/vault-v2/VaultV2MorphoVaultV1Adapter.d.ts

@@ -0,0 +1,21 @@
+import type { Address } from "viem";
+import { VaultV2Adapter } from "./VaultV2Adapter";
+export interface IVaultV2MorphoVaultV1Adapter extends IVaultV2Adapter {
+    morphoVaultV1: Address;
+}
+import type { BigIntish } from "../types";
+import type { AccrualVault } from "../vault";
+import type { IAccrualVaultV2Adapter, IVaultV2Adapter } from "./VaultV2Adapter";
+export declare class VaultV2MorphoVaultV1Adapter extends VaultV2Adapter implements IVaultV2MorphoVaultV1Adapter {
+    readonly morphoVaultV1: Address;
+    constructor({ morphoVaultV1, ...vaultV2Adapter }: IVaultV2MorphoVaultV1Adapter);
+    ids(): `0x${string}`[];
+}
+export interface IAccrualVaultV2MorphoVaultV1Adapter extends IVaultV2MorphoVaultV1Adapter {
+}
+export declare class AccrualVaultV2MorphoVaultV1Adapter extends VaultV2MorphoVaultV1Adapter implements IAccrualVaultV2MorphoVaultV1Adapter, IAccrualVaultV2Adapter {
+    vaultV1: AccrualVault;
+    shares: bigint;
+    constructor(adapter: IAccrualVaultV2MorphoVaultV1Adapter, vaultV1: AccrualVault, shares: bigint);
+    realAssets(timestamp: BigIntish): bigint;
+}

package/lib/vault-v2/VaultV2MorphoVaultV1Adapter.js

@@ -0,0 +1,28 @@
+"use strict";
+Object.defineProperty(exports, "__esModule", { value: true });
+exports.AccrualVaultV2MorphoVaultV1Adapter = exports.VaultV2MorphoVaultV1Adapter = void 0;
+const VaultV2Adapter_1 = require("./VaultV2Adapter");
+class VaultV2MorphoVaultV1Adapter extends VaultV2Adapter_1.VaultV2Adapter {
+    morphoVaultV1;
+    constructor({ morphoVaultV1, ...vaultV2Adapter }) {
+        super(vaultV2Adapter);
+        this.morphoVaultV1 = morphoVaultV1;
+    }
+    ids() {
+        return [this.adapterId];
+    }
+}
+exports.VaultV2MorphoVaultV1Adapter = VaultV2MorphoVaultV1Adapter;
+class AccrualVaultV2MorphoVaultV1Adapter extends VaultV2MorphoVaultV1Adapter {
+    vaultV1;
+    shares;
+    constructor(adapter, vaultV1, shares) {
+        super(adapter);
+        this.vaultV1 = vaultV1;
+        this.shares = shares;
+    }
+    realAssets(timestamp) {
+        return this.vaultV1.accrueInterest(timestamp).toAssets(this.shares);
+    }
+}
+exports.AccrualVaultV2MorphoVaultV1Adapter = AccrualVaultV2MorphoVaultV1Adapter;

package/lib/vault-v2/index.d.ts

@@ -0,0 +1,3 @@
+export * from "./VaultV2.js";
+export * from "./VaultV2Adapter.js";
+export * from "./VaultV2MorphoVaultV1Adapter.js";

package/lib/vault-v2/index.js

@@ -0,0 +1,19 @@
+"use strict";
+var __createBinding = (this && this.__createBinding) || (Object.create ? (function(o, m, k, k2) {
+    if (k2 === undefined) k2 = k;
+    var desc = Object.getOwnPropertyDescriptor(m, k);
+    if (!desc || ("get" in desc ? !m.__esModule : desc.writable || desc.configurable)) {
+      desc = { enumerable: true, get: function() { return m[k]; } };
+    }
+    Object.defineProperty(o, k2, desc);
+}) : (function(o, m, k, k2) {
+    if (k2 === undefined) k2 = k;
+    o[k2] = m[k];
+}));
+var __exportStar = (this && this.__exportStar) || function(m, exports) {
+    for (var p in m) if (p !== "default" && !Object.prototype.hasOwnProperty.call(exports, p)) __createBinding(exports, m, p);
+};
+Object.defineProperty(exports, "__esModule", { value: true });
+__exportStar(require("./VaultV2.js"), exports);
+__exportStar(require("./VaultV2Adapter.js"), exports);
+__exportStar(require("./VaultV2MorphoVaultV1Adapter.js"), exports);

package/package.json

@@ -1,7 +1,7 @@
 {
   "name": "@morpho-org/blue-sdk",
   "description": "Framework-agnostic package that defines Morpho-related entity classes (such as `Market`, `Token`, `Vault`).",
-  "version": "4.9.0",
+  "version": "4.10.0-next.0",
   "author": "Morpho Association <contact@morpho.org>",
   "contributors": [
     "Rubilmax <rmilon@gmail.com>"
@@ -29,10 +29,10 @@
   },
   "devDependencies": {
     "typescript": "^5.7.2",
-    "viem": "^2.23.0",
+    "viem": "^2.33.3",
     "vitest": "^3.0.5",
     "@morpho-org/morpho-ts": "^2.4.1",
-    "@morpho-org/test": "^2.1.4"
+    "@morpho-org/test": "^2.1.6-next.0"
   },
   "scripts": {
     "prepublish": "$npm_execpath build",