@morpho-org/midnight-sdk 1.1.1 → 1.2.0

package/lib/cjs/{market → position}/Position.js

@@ -3,7 +3,7 @@ Object.defineProperty(exports, "__esModule", { value: true });
 exports.AccrualPosition = exports.Position = void 0;
 const morpho_ts_1 = require("@morpho-org/morpho-ts");
 const errors_js_1 = require("../errors.js");
-const Market_js_1 = require("./Market.js");
+const Market_js_1 = require("../market/Market.js");
 const PositionUtils_js_1 = require("./PositionUtils.js");
 /**
  * Midnight user position as stored by the core contract.
@@ -13,6 +13,8 @@ const PositionUtils_js_1 = require("./PositionUtils.js");
  * import { Position } from "@morpho-org/midnight-sdk";
  *
  * const position = new Position({
+ *   user: "0x0000000000000000000000000000000000009000",
+ *   marketId: "0x0000000000000000000000000000000000000000000000000000000000000001",
  *   credit: 0n,
  *   pendingFee: 0n,
  *   lastLossFactor: 0n,
@@ -25,6 +27,10 @@ const PositionUtils_js_1 = require("./PositionUtils.js");
  * ```
  */
 class Position {
+    /** User holding this position. */
+    user;
+    /** Id of the market on which this position is held. */
+    marketId;
     /** User credit. */
     credit;
     /** Pending continuous fee. */
@@ -40,6 +46,8 @@ class Position {
     /** Collateral balances by index. */
     collateral;
     constructor(position) {
+        this.user = position.user;
+        this.marketId = position.marketId;
         this.credit = BigInt(position.credit);
         this.pendingFee = BigInt(position.pendingFee);
         this.lastLossFactor = BigInt(position.lastLossFactor);
@@ -57,6 +65,8 @@ class Position {
      * import { Position } from "@morpho-org/midnight-sdk";
      *
      * const position = new Position({
+     *   user: "0x0000000000000000000000000000000000009000",
+     *   marketId: "0x0000000000000000000000000000000000000000000000000000000000000001",
      *   credit: 1_000n,
      *   pendingFee: 100n,
      *   lastLossFactor: 0n,
@@ -97,6 +107,7 @@ exports.Position = Position;
  *
  * const position = new AccrualPosition(
  *   {
+ *     user: "0x0000000000000000000000000000000000009000",
  *     credit: 1_000n,
  *     pendingFee: 100n,
  *     lastLossFactor: 0n,
@@ -136,11 +147,74 @@ exports.Position = Position;
  * ```
  */
 class AccrualPosition extends Position {
-    /** Hydrated market for this position. */
-    market;
+    _market;
     constructor(position, market) {
-        super(position);
-        this.market = Market_js_1.Market.from(market);
+        const _market = Market_js_1.Market.from(market);
+        super({ ...position, marketId: _market.id });
+        this._market = _market;
+    }
+    /** Hydrated market for this position. */
+    get market() {
+        return this._market;
+    }
+    /**
+     * Returns the maximum credit units currently withdrawable from this position.
+     *
+     * The protocol capacity is limited by both the accrued position credit and
+     * the market's currently withdrawable liquidity. Default redemption flows may
+     * still choose the position face value.
+     *
+     * @returns Maximum credit units currently withdrawable.
+     * @example
+     * ```ts
+     * import { AccrualPosition } from "@morpho-org/midnight-sdk";
+     *
+     * const position = new AccrualPosition(
+     *   {
+     *     user: "0x0000000000000000000000000000000000009000",
+     *     credit: 1_000n,
+     *     pendingFee: 100n,
+     *     lastLossFactor: 0n,
+     *     lastAccrual: 1_000n,
+     *     debt: 0n,
+     *     collateralBitmap: 1n,
+     *     collateral: [50n],
+     *   },
+     *   {
+     *     params: {
+     *       chainId: 8453,
+     *       midnight: "0x0000000000000000000000000000000000001000",
+     *       loanToken: "0x0000000000000000000000000000000000006000",
+     *       collateralParams: [
+     *         {
+     *           token: "0x0000000000000000000000000000000000007000",
+     *           lltv: 770000000000000000n,
+     *           liquidationCursor: 250000000000000000n,
+     *           oracle: "0x0000000000000000000000000000000000008000",
+     *         },
+     *       ],
+     *       maturity: 54_000n,
+     *       rcfThreshold: 0n,
+     *       enterGate: "0x0000000000000000000000000000000000000000",
+     *       liquidatorGate: "0x0000000000000000000000000000000000000000",
+     *     },
+     *     totalUnits: 1_000n,
+     *     lossFactor: 0n,
+     *     withdrawable: 950n,
+     *     continuousFeeCredit: 0n,
+     *     settlementFeeCbps: [1, 2, 3, 4, 5, 6, 7],
+     *     continuousFee: 10,
+     *     tickSpacing: 4,
+     *   },
+     * );
+     * console.log(position.withdrawable); // 950n
+     * ```
+     */
+    get withdrawable() {
+        return PositionUtils_js_1.PositionUtils.getWithdrawable({
+            position: this,
+            market: this.market,
+        });
     }
     /**
      * Returns the position collateral balance at an index configured by the market.
@@ -168,6 +242,7 @@ class AccrualPosition extends Position {
      *
      * const position = new AccrualPosition(
      *   {
+     *     user: "0x0000000000000000000000000000000000009000",
      *     credit: 1_000n,
      *     pendingFee: 100n,
      *     lastLossFactor: 0n,
@@ -240,6 +315,7 @@ class AccrualPosition extends Position {
      * const collateralToken = "0x0000000000000000000000000000000000007000";
      * const position = new AccrualPosition(
      *   {
+     *     user: "0x0000000000000000000000000000000000009000",
      *     credit: 1_000n,
      *     pendingFee: 100n,
      *     lastLossFactor: 0n,
@@ -309,6 +385,7 @@ class AccrualPosition extends Position {
      *
      * const position = new AccrualPosition(
      *   {
+     *     user: "0x0000000000000000000000000000000000009000",
      *     credit: 1_000n,
      *     pendingFee: 100n,
      *     lastLossFactor: 0n,
@@ -380,6 +457,7 @@ class AccrualPosition extends Position {
      *
      * const position = new AccrualPosition(
      *   {
+     *     user: "0x0000000000000000000000000000000000009000",
      *     credit: 1_000n,
      *     pendingFee: 100n,
      *     lastLossFactor: 0n,

package/lib/{esm/market → cjs/position}/PositionUtils.d.ts

@@ -1,5 +1,5 @@
 import { type BigIntish } from "@morpho-org/morpho-ts";
-import type { IMarket } from "./Market.js";
+import type { IMarket } from "../market/Market.js";
 import type { IPosition } from "./Position.js";
 /**
  * Domain helpers for Midnight positions.
@@ -10,6 +10,8 @@ import type { IPosition } from "./Position.js";
  *
  * const accrued = PositionUtils.accrueInterest({
  *   position: {
+ *     user: "0x0000000000000000000000000000000000009000",
+ *     marketId: "0x0000000000000000000000000000000000000000000000000000000000000001",
  *     credit: 1_000n,
  *     pendingFee: 100n,
  *     lastLossFactor: 0n,
@@ -50,6 +52,27 @@ import type { IPosition } from "./Position.js";
  * ```
  */
 export declare namespace PositionUtils {
+    /**
+     * Returns the maximum credit units currently withdrawable by a position.
+     *
+     * @param params.position - Position whose credit limits the withdrawal.
+     * @param params.market - Market whose available liquidity limits the withdrawal.
+     * @returns The lower of the position credit and market withdrawable liquidity.
+     * @example
+     * ```ts
+     * import { PositionUtils } from "@morpho-org/midnight-sdk";
+     *
+     * const withdrawable = PositionUtils.getWithdrawable({
+     *   position: { credit: 1_000n },
+     *   market: { withdrawable: 500n },
+     * });
+     * console.log(withdrawable); // 500n
+     * ```
+     */
+    function getWithdrawable(params: {
+        readonly position: Pick<IPosition, "credit">;
+        readonly market: Pick<IMarket, "withdrawable">;
+    }): bigint;
     /**
      * Returns plain Midnight position and market objects accrued like Midnight `updatePositionView`.
      *
@@ -66,6 +89,8 @@ export declare namespace PositionUtils {
      *
      * const { position, market } = PositionUtils.accrueInterest({
      *   position: {
+     *     user: "0x0000000000000000000000000000000000009000",
+     *     marketId: "0x0000000000000000000000000000000000000000000000000000000000000001",
      *     credit: 1_000n,
      *     pendingFee: 100n,
      *     lastLossFactor: 0n,

package/lib/cjs/{market → position}/PositionUtils.js

@@ -12,6 +12,8 @@ const errors_js_1 = require("../errors.js");
  *
  * const accrued = PositionUtils.accrueInterest({
  *   position: {
+ *     user: "0x0000000000000000000000000000000000009000",
+ *     marketId: "0x0000000000000000000000000000000000000000000000000000000000000001",
  *     credit: 1_000n,
  *     pendingFee: 100n,
  *     lastLossFactor: 0n,
@@ -53,6 +55,27 @@ const errors_js_1 = require("../errors.js");
  */
 var PositionUtils;
 (function (PositionUtils) {
+    /**
+     * Returns the maximum credit units currently withdrawable by a position.
+     *
+     * @param params.position - Position whose credit limits the withdrawal.
+     * @param params.market - Market whose available liquidity limits the withdrawal.
+     * @returns The lower of the position credit and market withdrawable liquidity.
+     * @example
+     * ```ts
+     * import { PositionUtils } from "@morpho-org/midnight-sdk";
+     *
+     * const withdrawable = PositionUtils.getWithdrawable({
+     *   position: { credit: 1_000n },
+     *   market: { withdrawable: 500n },
+     * });
+     * console.log(withdrawable); // 500n
+     * ```
+     */
+    function getWithdrawable(params) {
+        return morpho_ts_1.MathLib.min(BigInt(params.position.credit), BigInt(params.market.withdrawable));
+    }
+    PositionUtils.getWithdrawable = getWithdrawable;
     /**
      * Returns plain Midnight position and market objects accrued like Midnight `updatePositionView`.
      *
@@ -69,6 +92,8 @@ var PositionUtils;
      *
      * const { position, market } = PositionUtils.accrueInterest({
      *   position: {
+     *     user: "0x0000000000000000000000000000000000009000",
+     *     marketId: "0x0000000000000000000000000000000000000000000000000000000000000001",
      *     credit: 1_000n,
      *     pendingFee: 100n,
      *     lastLossFactor: 0n,
@@ -172,6 +197,8 @@ var PositionUtils;
         ];
         return {
             position: {
+                user: params.position.user,
+                marketId: params.position.marketId,
                 credit: postSlashCredit - accruedFee,
                 pendingFee: postSlashPendingFee - accruedFee,
                 lastLossFactor: marketLossFactor,

package/lib/cjs/position/index.d.ts

@@ -0,0 +1,2 @@
+export * from "./Position.js";
+export * from "./PositionUtils.js";

package/lib/cjs/position/index.js

@@ -0,0 +1,18 @@
+"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("./Position.js"), exports);
+__exportStar(require("./PositionUtils.js"), exports);

package/lib/cjs/signatures/RatifierUtils.js

@@ -18,7 +18,8 @@ function normalizeTree(tree) {
     if (isTreeLike(tree)) {
         return tree;
     }
-    const offers = tree.flatMap((entry) => GroupUtils_js_1.GroupUtils.isGroupInput(entry)
+    const entries = Array.isArray(tree) ? tree : [tree];
+    const offers = entries.flatMap((entry) => GroupUtils_js_1.GroupUtils.isGroupInput(entry)
         ? Group_js_1.Group.from(entry).offers
         : [
             new index_js_1.Offer({

package/lib/cjs/signatures/Tree.js

@@ -118,7 +118,9 @@ class Tree {
      * ```
      */
     static from(tree) {
-        return tree instanceof Tree ? tree : Tree.create(tree);
+        if (tree instanceof Tree)
+            return tree;
+        return Tree.create(Array.isArray(tree) ? tree : [tree]);
     }
     /**
      * Creates a tree from groups or standalone offers.

package/lib/cjs/signatures/TreeUtils.d.ts

@@ -188,7 +188,7 @@ export type TreeCreateParams = readonly GroupInput[];
  * console.log(tree);
  * ```
  */
-export type TreeInput = Tree | TreeCreateParams;
+export type TreeInput = Tree | TreeCreateParams | GroupInput;
 /**
  * Tree-shaped data required by ratifier helpers.
  *
@@ -284,7 +284,7 @@ export interface TreeLike {
  * console.log(tree);
  * ```
  */
-export type RatifierTreeInput = TreeLike | TreeCreateParams;
+export type RatifierTreeInput = TreeLike | TreeInput;
 /**
  * Optional ratification inputs for {@link Tree.mempoolValidate}.
  *

package/lib/cjs/signatures/TreeUtils.js

@@ -38,6 +38,7 @@ function assertLeafOffers(offers, leafHashes) {
         }
         seen.add(leafHash);
     }
+    /* v8 ignore next: buildDescriptor rejects empty struct lists before padding; this protects direct internal misuse. */
     if (seen.size === 0) {
         throw new errors_js_1.InvalidTreeError("Tree must not be empty.");
     }
@@ -121,9 +122,17 @@ var TreeUtils;
     async function mempoolValidate(params) {
         let items;
         if (params.ratification == null) {
-            const offers = "paddedOffers" in params.tree
-                ? params.tree.offers
-                : params.tree.flatMap((entry) => GroupUtils_js_1.GroupUtils.isGroupInput(entry)
+            if ("paddedOffers" in params.tree) {
+                items = params.tree.offers.map((offer) => ({
+                    offer,
+                    ratifierData: "0x",
+                }));
+            }
+            else {
+                const entries = Array.isArray(params.tree)
+                    ? params.tree
+                    : [params.tree];
+                const offers = entries.flatMap((entry) => GroupUtils_js_1.GroupUtils.isGroupInput(entry)
                     ? Group_js_1.Group.from(entry).offers
                     : [
                         new index_js_1.Offer({
@@ -131,13 +140,12 @@ var TreeUtils;
                             group: index_js_1.OfferUtils.groupHash(entry),
                         }),
                     ]);
-            if (!("paddedOffers" in params.tree)) {
                 buildDescriptor(offers, { preserveStandaloneGroups: true });
+                items = offers.map((offer) => ({
+                    offer,
+                    ratifierData: "0x",
+                }));
             }
-            items = offers.map((offer) => ({
-                offer,
-                ratifierData: "0x",
-            }));
         }
         else if (params.ratification.type === "ecrecover") {
             if (params.ratification.signature != null) {
@@ -262,6 +270,7 @@ var TreeUtils;
         const leaves = offerStructs.map(index_js_1.OfferUtils.hashStruct);
         assertLeafOffers(offerStructs, leaves);
         const height = Math.log2(offerStructs.length);
+        /* v8 ignore next: exercising this branch would require allocating more than 2^20 offer structs. */
         if (height > 20)
             throw new errors_js_1.InvalidTreeHeightError(height);
         let level = [...leaves];

package/lib/esm/fetch/Position.d.ts

@@ -1,5 +1,5 @@
 import type { Address, Client, Hash } from "viem";
-import { AccrualPosition, Position } from "../market/index.js";
+import { AccrualPosition, Position } from "../position/index.js";
 import type { MidnightFetchParams } from "./types.js";
 /**
  * Fetches a Midnight position by id and user.

package/lib/esm/fetch/Position.js

@@ -2,7 +2,7 @@ import { getChainAddress } from "@morpho-org/morpho-ts";
 import { readContract } from "viem/actions";
 import { midnightAbi } from "../abis.js";
 import { MAX_COLLATERALS } from "../constants.js";
-import { AccrualPosition, Position } from "../market/index.js";
+import { AccrualPosition, Position } from "../position/index.js";
 import { abi as getPositionAbi, code as getPositionCode, } from "../queries/GetPosition.js";
 import { fetchMarket } from "./Market.js";
 import { callParameters, resolveChainId, shouldUseDeployless, } from "./utils.js";
@@ -60,6 +60,8 @@ export async function fetchPosition(client, params) {
             });
             const collateral = position.collateral;
             return new Position({
+                user: params.user,
+                marketId: params.marketId,
                 credit: position.credit,
                 pendingFee: position.pendingFee,
                 lastLossFactor: position.lastLossFactor,
@@ -92,6 +94,8 @@ export async function fetchPosition(client, params) {
         });
     }));
     return new Position({
+        user: params.user,
+        marketId: params.marketId,
         credit: position[0],
         pendingFee: position[1],
         lastLossFactor: position[2],

package/lib/esm/index.d.ts

@@ -5,6 +5,7 @@ export * from "./fetch/index.js";
 export * from "./market/index.js";
 export * from "./math/index.js";
 export * from "./offers/index.js";
+export * from "./position/index.js";
 export * from "./signatures/index.js";
 /**
  * Namespace for Midnight mempool payload utilities.

package/lib/esm/index.js

@@ -5,6 +5,7 @@ export * from "./fetch/index.js";
 export * from "./market/index.js";
 export * from "./math/index.js";
 export * from "./offers/index.js";
+export * from "./position/index.js";
 export * from "./signatures/index.js";
 /**
  * Namespace for Midnight mempool payload utilities.

package/lib/esm/market/index.d.ts

@@ -1,4 +1,2 @@
 export * from "./Market.js";
 export * from "./MarketUtils.js";
-export * from "./Position.js";
-export * from "./PositionUtils.js";

package/lib/esm/market/index.js

@@ -1,4 +1,2 @@
 export * from "./Market.js";
 export * from "./MarketUtils.js";
-export * from "./Position.js";
-export * from "./PositionUtils.js";

package/lib/esm/offers/OfferChainUtils.d.ts

@@ -0,0 +1,179 @@
+import { type BigIntish } from "@morpho-org/morpho-ts";
+/** One time-bounded offer leg to convert into a Midnight `Offer.create` input. */
+export interface FixedRateOfferChainLeg {
+    /** Spacing-aligned Midnight tick for this offer. */
+    readonly tick: bigint;
+    /** First timestamp at which the offer leg is active. */
+    readonly startTimestamp: bigint;
+    /** Last timestamp at which the offer leg is active. */
+    readonly expiryTimestamp: bigint;
+}
+/** Parameters shared by lend-only and borrow-only fixed-rate offer-chain builders. */
+export interface BuildFixedRateOfferChainParams {
+    /** Target yearly fixed rate as a decimal number, for example `0.05` for 5%. */
+    readonly targetRate: number;
+    /** Tick spacing enforced by the market. */
+    readonly tickSpacing: BigIntish;
+    /** Market maturity timestamp in seconds. */
+    readonly maturityTimestamp: BigIntish;
+    /** First timestamp the chain should cover. */
+    readonly chainStartTimestamp: BigIntish;
+    /** Latest timestamp the chain may cover. */
+    readonly chainEndTimestamp: BigIntish;
+}
+/**
+ * Utilities for building time-bounded Midnight offer chains.
+ *
+ * A Midnight offer has one fixed price, so its displayed yearly rate changes
+ * as maturity approaches. The markets app uses these helpers when a maker wants
+ * to post, for example, a 5% order for several months: the app builds several
+ * adjacent offers sharing the same reserve, each with a different tick and time
+ * window, so the order reviews and renders as a stable 5% order across the
+ * selected window instead of drifting upward as time passes.
+ *
+ * @example
+ * ```ts
+ * import { OfferChainUtils } from "@morpho-org/midnight-sdk";
+ *
+ * const legs = OfferChainUtils.buildLendFixedRateOfferChain({
+ *   targetRate: 0.05,
+ *   tickSpacing: 4n,
+ *   maturityTimestamp: 1_798_761_600n,
+ *   chainStartTimestamp: 1_767_225_600n,
+ *   chainEndTimestamp: 1_791_153_600n,
+ * });
+ * console.log(legs[0]?.tick);
+ * ```
+ */
+export declare namespace OfferChainUtils {
+    /**
+     * Maximum fraction of the initial time-to-maturity covered by a fixed-rate offer chain.
+     *
+     * Use this cap before displaying an expiry picker for a fixed-rate maker
+     * order. The last part of the maturity window is intentionally excluded
+     * because tiny time changes cause large displayed-rate drift.
+     *
+     * @example
+     * ```ts
+     * import { OfferChainUtils } from "@morpho-org/midnight-sdk";
+     *
+     * console.log(OfferChainUtils.MAX_EXPIRY_TTM_FRACTION);
+     * ```
+     */
+    const MAX_EXPIRY_TTM_FRACTION = 0.75;
+    /**
+     * Builds borrow-side sell-offer legs that approximate one fixed maker rate over time.
+     *
+     * Use before a make-borrow or supply-collateral-and-make-borrow flow when a
+     * borrower wants one displayed fixed borrow rate across a longer window. Map
+     * the returned legs to `Offer.create({ buy: false, ... })`, then group and
+     * submit them through the maker flow.
+     *
+     * Borrow chains read their target rate at each leg's expiry edge. If a leg
+     * would need to extend past `chainEndTimestamp`, it is dropped rather than
+     * clamped so the expiry edge remains the recoverable target-rate edge.
+     *
+     * @param params - Fixed-rate offer-chain parameters without a side field.
+     * @param params.targetRate - Target yearly fixed rate expressed as a decimal number.
+     * @param params.tickSpacing - Tick spacing enforced by the market.
+     * @param params.maturityTimestamp - Market maturity timestamp in seconds.
+     * @param params.chainStartTimestamp - First timestamp the chain should cover.
+     * @param params.chainEndTimestamp - Latest timestamp the chain may cover.
+     * @returns Borrow-side offer legs that can be mapped to `Offer.create({ buy: false, ... })`.
+     * @throws {InvalidOfferParameterError} when an input is invalid or the end timestamp exceeds the supported horizon.
+     * @example
+     * ```ts
+     * import { Offer, OfferChainUtils } from "@morpho-org/midnight-sdk";
+     *
+     * const legs = OfferChainUtils.buildBorrowFixedRateOfferChain({
+     *   targetRate: 0.08,
+     *   tickSpacing: market.tickSpacing,
+     *   maturityTimestamp: market.params.maturity,
+     *   chainStartTimestamp: now,
+     *   chainEndTimestamp: expiry,
+     * });
+     * const offers = legs.map((leg) =>
+     *   Offer.create({
+     *     ...baseOffer,
+     *     buy: false,
+     *     tick: leg.tick,
+     *     start: leg.startTimestamp,
+     *     expiry: leg.expiryTimestamp,
+     *   }),
+     * );
+     * ```
+     */
+    function buildBorrowFixedRateOfferChain(params: BuildFixedRateOfferChainParams): readonly FixedRateOfferChainLeg[];
+    /**
+     * Builds lend-side buy-offer legs that approximate one fixed maker rate over time.
+     *
+     * Use before a make-lend flow when a lender wants one displayed fixed lend
+     * rate across a longer window. Map the returned legs to
+     * `Offer.create({ buy: true, ... })`, then group and submit them through the
+     * maker flow.
+     *
+     * Lend chains read their target rate at each leg's start edge. The first leg
+     * may start before `chainStartTimestamp`; clamping that edge would move the
+     * recoverable display rate below the maker's target.
+     *
+     * @param params - Fixed-rate offer-chain parameters without a side field.
+     * @param params.targetRate - Target yearly fixed rate expressed as a decimal number.
+     * @param params.tickSpacing - Tick spacing enforced by the market.
+     * @param params.maturityTimestamp - Market maturity timestamp in seconds.
+     * @param params.chainStartTimestamp - First timestamp the chain should cover.
+     * @param params.chainEndTimestamp - Latest timestamp the chain may cover.
+     * @returns Lend-side offer legs that can be mapped to `Offer.create({ buy: true, ... })`.
+     * @throws {InvalidOfferParameterError} when an input is invalid or the end timestamp exceeds the supported horizon.
+     * @example
+     * ```ts
+     * import { Offer, OfferChainUtils } from "@morpho-org/midnight-sdk";
+     *
+     * const legs = OfferChainUtils.buildLendFixedRateOfferChain({
+     *   targetRate: 0.05,
+     *   tickSpacing: market.tickSpacing,
+     *   maturityTimestamp: market.params.maturity,
+     *   chainStartTimestamp: now,
+     *   chainEndTimestamp: expiry,
+     * });
+     * const offers = legs.map((leg) =>
+     *   Offer.create({
+     *     ...baseOffer,
+     *     buy: true,
+     *     tick: leg.tick,
+     *     start: leg.startTimestamp,
+     *     expiry: leg.expiryTimestamp,
+     *   }),
+     * );
+     * ```
+     */
+    function buildLendFixedRateOfferChain(params: BuildFixedRateOfferChainParams): readonly FixedRateOfferChainLeg[];
+    /**
+     * Returns the latest supported end timestamp for a fixed-rate offer chain.
+     *
+     * Chains intentionally stop before the final part of the maturity window
+     * because rate sensitivity accelerates near maturity and would require too
+     * many short-lived offers for a stable maker quote.
+     * Call this when constraining a make-offer expiry selector, then pass the
+     * selected timestamp to the lend-only or borrow-only chain builder.
+     *
+     * @param params - Maturity and chain-start timestamps.
+     * @param params.maturityTimestamp - Market maturity timestamp in seconds.
+     * @param params.chainStartTimestamp - First timestamp the chain should cover.
+     * @returns Latest accepted chain end timestamp.
+     * @throws {InvalidOfferParameterError} when a timestamp is invalid.
+     * @example
+     * ```ts
+     * import { OfferChainUtils } from "@morpho-org/midnight-sdk";
+     *
+     * const maxExpiry = OfferChainUtils.getMaxFixedRateOfferChainEndTimestamp({
+     *   maturityTimestamp: market.params.maturity,
+     *   chainStartTimestamp: now,
+     * });
+     * console.log(maxExpiry);
+     * ```
+     */
+    function getMaxFixedRateOfferChainEndTimestamp(params: {
+        readonly maturityTimestamp: BigIntish;
+        readonly chainStartTimestamp: BigIntish;
+    }): bigint;
+}