@reserve-protocol/dtf-rebalance-lib 0.2.6 → 0.2.7

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Files changed (2) hide show
  1. package/dist/open-auction.js +15 -13
  2. package/package.json +1 -1
package/dist/open-auction.js CHANGED
@@ -147,38 +147,40 @@ const getOpenAuction = (rebalance, _supply, _initialFolio = [], _targetBasket =
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  .reduce((a, b) => a.add(b), numbers_1.ZERO)
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  .div(shareValue);
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  // ================================================================
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- // calculate progressions
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  // {wholeBU/wholeShare} = D18{BU/share} / D18
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  const prevSpotLimit = new decimal_js_light_1.default(rebalance.limits.spot.toString()).div(numbers_1.D18d);
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- // {wholeTok/wholeShare} = {wholeTok/wholeBU} * {wholeBU/wholeShare}
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- const expectedBalances = weightRanges.map((weightRange) => weightRange.spot.mul(prevSpotLimit));
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- // {1} = {USD/wholeShare} / {USD/wholeShare}
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+ // calculate progressions
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+ // {1} = {USD/wholeBU} / {USD/wholeBU}
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  let progression = folio
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  .map((actualBalance, i) => {
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  if (!rebalance.inRebalance[i]) {
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  return numbers_1.ZERO;
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  }
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- // {wholeTok/wholeShare}
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- const balanceInBasket = expectedBalances[i].gt(actualBalance) ? actualBalance : expectedBalances[i];
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- // {USD/wholeShare} = {wholeTok/wholeShare} * {USD/wholeTok}
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+ // {wholeTok/wholeBU} = {wholeTok/wholeShare} / {wholeBU/wholeShare}
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+ const actualInBU = actualBalance.div(prevSpotLimit);
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+ // {wholeTok/wholeBU}
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+ const balanceInBasket = weightRanges[i].spot.gt(actualInBU) ? actualInBU : weightRanges[i].spot;
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+ // {USD/wholeBU} = {wholeTok/wholeBU} * {USD/wholeTok}
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  return balanceInBasket.mul(prices[i]);
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  })
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  .reduce((a, b) => a.add(b))
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- .div(shareValue);
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- // {1} = {USD/wholeShare} / {USD/wholeShare}
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+ .div(buValue);
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+ // {1} = {USD/wholeBU} / {USD/wholeBU}
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  const initialProgression = initialFolio
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  .map((initialBalance, i) => {
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  // make sure to include tokens that were already ejected
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  if (!rebalance.inRebalance[i] && rebalance.weights[i].spot > 0n) {
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  return numbers_1.ZERO;
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  }
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- // {wholeTok/wholeShare}
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- const balanceInBasket = expectedBalances[i].gt(initialBalance) ? initialBalance : expectedBalances[i];
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- // {USD/wholeShare} = {wholeTok/wholeShare} * {USD/wholeTok}
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+ // {wholeTok/wholeBU} = {wholeTok/wholeShare} / {wholeBU/wholeShare}
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+ const initialInBU = initialBalance.div(prevSpotLimit);
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+ // {wholeTok/wholeBU}
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+ const balanceInBasket = weightRanges[i].spot.gt(initialInBU) ? initialInBU : weightRanges[i].spot;
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+ // {USD/wholeBU} = {wholeTok/wholeBU} * {USD/wholeTok}
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  return balanceInBasket.mul(prices[i]);
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  })
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  .reduce((a, b) => a.add(b))
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- .div(shareValue);
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+ .div(buValue);
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  if (progression < initialProgression) {
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  progression = initialProgression; // don't go backwards
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  }
package/package.json CHANGED
@@ -1,6 +1,6 @@
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  {
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  "name": "@reserve-protocol/dtf-rebalance-lib",
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- "version": "0.2.6",
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+ "version": "0.2.7",
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  "description": "Rebalancing library for DTFs in typescript",
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  "main": "dist/index.js",
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  "module": "dist/index.js",