@morpho-org/blue-sdk 6.3.0 → 6.4.0

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

@@ -33,6 +33,10 @@ export interface IVaultV2 extends IToken {
     managementFee: bigint;
     performanceFeeRecipient: Address;
     managementFeeRecipient: Address;
+    /** Whether the performance fee recipient can receive vault shares. Defaults to `true`. */
+    performanceFeeRecipientCanReceiveShares?: boolean;
+    /** Whether the management fee recipient can receive vault shares. Defaults to `true`. */
+    managementFeeRecipientCanReceiveShares?: boolean;
 }
 /** Represents a Morpho Vault V2 and its fee, adapter, and accounting state. */
 export declare class VaultV2 extends WrappedToken implements IVaultV2 {
@@ -50,7 +54,11 @@ export declare class VaultV2 extends WrappedToken implements IVaultV2 {
     managementFee: bigint;
     performanceFeeRecipient: `0x${string}`;
     managementFeeRecipient: `0x${string}`;
-    constructor({ asset, _totalAssets, totalSupply, virtualShares, maxRate, lastUpdate, adapters, liquidityAdapter, liquidityData, liquidityAllocations, performanceFee, managementFee, performanceFeeRecipient, managementFeeRecipient, ...config }: IVaultV2);
+    /** Whether the performance fee recipient can receive vault shares. */
+    performanceFeeRecipientCanReceiveShares: boolean;
+    /** Whether the management fee recipient can receive vault shares. */
+    managementFeeRecipientCanReceiveShares: boolean;
+    constructor({ asset, _totalAssets, totalSupply, virtualShares, maxRate, lastUpdate, adapters, liquidityAdapter, liquidityData, liquidityAllocations, performanceFee, managementFee, performanceFeeRecipient, managementFeeRecipient, performanceFeeRecipientCanReceiveShares, managementFeeRecipientCanReceiveShares, ...config }: IVaultV2);
     toAssets(shares: BigIntish): bigint;
     toShares(assets: BigIntish): bigint;
     protected _wrap(amount: BigIntish, rounding: RoundingDirection): bigint;
@@ -85,6 +93,7 @@ export declare class AccrualVaultV2 extends VaultV2 implements IAccrualVaultV2 {
     maxWithdraw(shares: BigIntish): CapacityLimit;
     /**
      * Returns a new vault derived from this vault, whose interest has been accrued up to the given timestamp.
+     * Performance and management fee shares are zero when the corresponding fee recipient cannot receive vault shares.
      * @param timestamp The timestamp at which to accrue interest. Must be greater than or equal to the vault's `lastUpdate`.
      */
     accrueInterest(timestamp: BigIntish): {

package/lib/cjs/vault/v2/VaultV2.js

@@ -22,7 +22,11 @@ class VaultV2 extends index_js_2.WrappedToken {
     managementFee;
     performanceFeeRecipient;
     managementFeeRecipient;
-    constructor({ asset, _totalAssets, totalSupply, virtualShares, maxRate, lastUpdate, adapters, liquidityAdapter, liquidityData, liquidityAllocations, performanceFee, managementFee, performanceFeeRecipient, managementFeeRecipient, ...config }) {
+    /** Whether the performance fee recipient can receive vault shares. */
+    performanceFeeRecipientCanReceiveShares;
+    /** Whether the management fee recipient can receive vault shares. */
+    managementFeeRecipientCanReceiveShares;
+    constructor({ asset, _totalAssets, totalSupply, virtualShares, maxRate, lastUpdate, adapters, liquidityAdapter, liquidityData, liquidityAllocations, performanceFee, managementFee, performanceFeeRecipient, managementFeeRecipient, performanceFeeRecipientCanReceiveShares = true, managementFeeRecipientCanReceiveShares = true, ...config }) {
         super(config, asset);
         this.asset = asset;
         this._totalAssets = _totalAssets;
@@ -38,6 +42,10 @@ class VaultV2 extends index_js_2.WrappedToken {
         this.managementFee = managementFee;
         this.performanceFeeRecipient = performanceFeeRecipient;
         this.managementFeeRecipient = managementFeeRecipient;
+        this.performanceFeeRecipientCanReceiveShares =
+            performanceFeeRecipientCanReceiveShares;
+        this.managementFeeRecipientCanReceiveShares =
+            managementFeeRecipientCanReceiveShares;
     }
     toAssets(shares) {
         return this._unwrap(shares, "Down");
@@ -128,6 +136,7 @@ class AccrualVaultV2 extends VaultV2 {
     }
     /**
      * Returns a new vault derived from this vault, whose interest has been accrued up to the given timestamp.
+     * Performance and management fee shares are zero when the corresponding fee recipient cannot receive vault shares.
      * @param timestamp The timestamp at which to accrue interest. Must be greater than or equal to the vault's `lastUpdate`.
      */
     accrueInterest(timestamp) {
@@ -145,10 +154,14 @@ class AccrualVaultV2 extends VaultV2 {
             index_js_1.MathLib.wMulDown(vault._totalAssets * elapsed, vault.maxRate);
         const newTotalAssets = index_js_1.MathLib.min(realAssets, maxTotalAssets);
         const interest = index_js_1.MathLib.zeroFloorSub(newTotalAssets, vault._totalAssets);
-        const performanceFeeAssets = interest > 0n && vault.performanceFee > 0n
+        const performanceFeeAssets = interest > 0n &&
+            vault.performanceFee > 0n &&
+            vault.performanceFeeRecipientCanReceiveShares
             ? index_js_1.MathLib.wMulDown(interest, vault.performanceFee)
             : 0n;
-        const managementFeeAssets = elapsed > 0n && vault.managementFee > 0n
+        const managementFeeAssets = elapsed > 0n &&
+            vault.managementFee > 0n &&
+            vault.managementFeeRecipientCanReceiveShares
             ? index_js_1.MathLib.wMulDown(newTotalAssets * elapsed, vault.managementFee)
             : 0n;
         const newTotalAssetsWithoutFees = newTotalAssets - performanceFeeAssets - managementFeeAssets;

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

@@ -33,6 +33,10 @@ export interface IVaultV2 extends IToken {
     managementFee: bigint;
     performanceFeeRecipient: Address;
     managementFeeRecipient: Address;
+    /** Whether the performance fee recipient can receive vault shares. Defaults to `true`. */
+    performanceFeeRecipientCanReceiveShares?: boolean;
+    /** Whether the management fee recipient can receive vault shares. Defaults to `true`. */
+    managementFeeRecipientCanReceiveShares?: boolean;
 }
 /** Represents a Morpho Vault V2 and its fee, adapter, and accounting state. */
 export declare class VaultV2 extends WrappedToken implements IVaultV2 {
@@ -50,7 +54,11 @@ export declare class VaultV2 extends WrappedToken implements IVaultV2 {
     managementFee: bigint;
     performanceFeeRecipient: `0x${string}`;
     managementFeeRecipient: `0x${string}`;
-    constructor({ asset, _totalAssets, totalSupply, virtualShares, maxRate, lastUpdate, adapters, liquidityAdapter, liquidityData, liquidityAllocations, performanceFee, managementFee, performanceFeeRecipient, managementFeeRecipient, ...config }: IVaultV2);
+    /** Whether the performance fee recipient can receive vault shares. */
+    performanceFeeRecipientCanReceiveShares: boolean;
+    /** Whether the management fee recipient can receive vault shares. */
+    managementFeeRecipientCanReceiveShares: boolean;
+    constructor({ asset, _totalAssets, totalSupply, virtualShares, maxRate, lastUpdate, adapters, liquidityAdapter, liquidityData, liquidityAllocations, performanceFee, managementFee, performanceFeeRecipient, managementFeeRecipient, performanceFeeRecipientCanReceiveShares, managementFeeRecipientCanReceiveShares, ...config }: IVaultV2);
     toAssets(shares: BigIntish): bigint;
     toShares(assets: BigIntish): bigint;
     protected _wrap(amount: BigIntish, rounding: RoundingDirection): bigint;
@@ -85,6 +93,7 @@ export declare class AccrualVaultV2 extends VaultV2 implements IAccrualVaultV2 {
     maxWithdraw(shares: BigIntish): CapacityLimit;
     /**
      * Returns a new vault derived from this vault, whose interest has been accrued up to the given timestamp.
+     * Performance and management fee shares are zero when the corresponding fee recipient cannot receive vault shares.
      * @param timestamp The timestamp at which to accrue interest. Must be greater than or equal to the vault's `lastUpdate`.
      */
     accrueInterest(timestamp: BigIntish): {

package/lib/esm/vault/v2/VaultV2.js

@@ -19,7 +19,11 @@ export class VaultV2 extends WrappedToken {
     managementFee;
     performanceFeeRecipient;
     managementFeeRecipient;
-    constructor({ asset, _totalAssets, totalSupply, virtualShares, maxRate, lastUpdate, adapters, liquidityAdapter, liquidityData, liquidityAllocations, performanceFee, managementFee, performanceFeeRecipient, managementFeeRecipient, ...config }) {
+    /** Whether the performance fee recipient can receive vault shares. */
+    performanceFeeRecipientCanReceiveShares;
+    /** Whether the management fee recipient can receive vault shares. */
+    managementFeeRecipientCanReceiveShares;
+    constructor({ asset, _totalAssets, totalSupply, virtualShares, maxRate, lastUpdate, adapters, liquidityAdapter, liquidityData, liquidityAllocations, performanceFee, managementFee, performanceFeeRecipient, managementFeeRecipient, performanceFeeRecipientCanReceiveShares = true, managementFeeRecipientCanReceiveShares = true, ...config }) {
         super(config, asset);
         this.asset = asset;
         this._totalAssets = _totalAssets;
@@ -35,6 +39,10 @@ export class VaultV2 extends WrappedToken {
         this.managementFee = managementFee;
         this.performanceFeeRecipient = performanceFeeRecipient;
         this.managementFeeRecipient = managementFeeRecipient;
+        this.performanceFeeRecipientCanReceiveShares =
+            performanceFeeRecipientCanReceiveShares;
+        this.managementFeeRecipientCanReceiveShares =
+            managementFeeRecipientCanReceiveShares;
     }
     toAssets(shares) {
         return this._unwrap(shares, "Down");
@@ -124,6 +132,7 @@ export class AccrualVaultV2 extends VaultV2 {
     }
     /**
      * Returns a new vault derived from this vault, whose interest has been accrued up to the given timestamp.
+     * Performance and management fee shares are zero when the corresponding fee recipient cannot receive vault shares.
      * @param timestamp The timestamp at which to accrue interest. Must be greater than or equal to the vault's `lastUpdate`.
      */
     accrueInterest(timestamp) {
@@ -141,10 +150,14 @@ export class AccrualVaultV2 extends VaultV2 {
             MathLib.wMulDown(vault._totalAssets * elapsed, vault.maxRate);
         const newTotalAssets = MathLib.min(realAssets, maxTotalAssets);
         const interest = MathLib.zeroFloorSub(newTotalAssets, vault._totalAssets);
-        const performanceFeeAssets = interest > 0n && vault.performanceFee > 0n
+        const performanceFeeAssets = interest > 0n &&
+            vault.performanceFee > 0n &&
+            vault.performanceFeeRecipientCanReceiveShares
             ? MathLib.wMulDown(interest, vault.performanceFee)
             : 0n;
-        const managementFeeAssets = elapsed > 0n && vault.managementFee > 0n
+        const managementFeeAssets = elapsed > 0n &&
+            vault.managementFee > 0n &&
+            vault.managementFeeRecipientCanReceiveShares
             ? MathLib.wMulDown(newTotalAssets * elapsed, vault.managementFee)
             : 0n;
         const newTotalAssetsWithoutFees = newTotalAssets - performanceFeeAssets - managementFeeAssets;

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": "6.3.0",
+  "version": "6.4.0",
   "author": "Morpho Association <contact@morpho.org>",
   "contributors": [
     "Rubilmax <rmilon@gmail.com>"
@@ -18,7 +18,7 @@
   },
   "license": "MIT",
   "type": "module",
-  "main": "src/index.ts",
+  "main": "./lib/cjs/index.js",
   "files": [
     "lib"
   ],
@@ -32,8 +32,8 @@
     "typescript": "^6.0.3",
     "viem": "2.54.2",
     "vitest": "^4.1.9",
-    "@morpho-org/morpho-ts": "^2.7.0",
-    "@morpho-org/test": "^2.8.1"
+    "@morpho-org/morpho-ts": "^2.8.0",
+    "@morpho-org/test": "^2.8.3"
   },
   "scripts": {
     "prepublish": "$npm_execpath build",
@@ -42,6 +42,7 @@
     "build:esm": "tsc --build tsconfig.build.esm.json && echo '{\"type\":\"module\"}' > lib/esm/package.json",
     "test": "vitest"
   },
+  "types": "./lib/esm/index.d.ts",
   "exports": {
     ".": {
       "types": "./lib/esm/index.d.ts",

package/src/index.ts

@@ -1,14 +0,0 @@
-export * from "./addresses.js";
-export * from "./chain.js";
-export * from "./constants.js";
-export * from "./errors.js";
-export * from "./holding/index.js";
-export * from "./market/index.js";
-export * from "./math/index.js";
-export * from "./position/index.js";
-export * from "./preLiquidation.js";
-export * from "./token/index.js";
-export * from "./types.js";
-export * from "./user/index.js";
-export * from "./utils.js";
-export * from "./vault/index.js";