@the-situation/indexer 0.11.3 → 0.11.4

package/dist/etl/position-refresher.d.ts

@@ -8,5 +8,5 @@ import { EventBusTag } from '../services/EventBus';
 import type { MarketType } from '../types';
 import type { PositionRefreshResult } from './types';
 export declare const refreshPosition: (marketAddress: string, trader: string, marketType?: MarketType) => Effect.Effect<PositionRefreshResult, never, DatabaseTag | ChainReaderTag | EventBusTag>;
-export declare const refreshAllPositions: Effect.Effect<PositionRefreshResult[], never, ChainReaderTag | DatabaseTag | EventBusTag>;
+export declare const refreshAllPositions: Effect.Effect<PositionRefreshResult[], never, DatabaseTag | EventBusTag | ChainReaderTag>;
 //# sourceMappingURL=position-refresher.d.ts.map

package/dist/etl/position-refresher.d.ts.map

@@ -1 +1 @@
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+{"version":3,"file":"position-refresher.d.ts","sourceRoot":"","sources":["../../src/etl/position-refresher.ts"],"names":[],"mappings":"AAAA;;GAEG;AACH,OAAO,EAAE,MAAM,EAAE,MAAM,QAAQ,CAAC;AAMhC,OAAO,EAAE,cAAc,EAAE,MAAM,yBAAyB,CAAC;AACzD,OAAO,EAAE,WAAW,EAAE,MAAM,sBAAsB,CAAC;AACnD,OAAO,EAAE,WAAW,EAAE,MAAM,sBAAsB,CAAC;AACnD,OAAO,KAAK,EAAE,UAAU,EAAE,MAAM,UAAU,CAAC;AAC3C,OAAO,KAAK,EAAE,qBAAqB,EAAE,MAAM,SAAS,CAAC;AAwBrD,eAAO,MAAM,eAAe,GAC1B,eAAe,MAAM,EACrB,QAAQ,MAAM,EACd,aAAY,UAAqB,KAChC,MAAM,CAAC,MAAM,CAAC,qBAAqB,EAAE,KAAK,EAAE,WAAW,GAAG,cAAc,GAAG,WAAW,CAqMrF,CAAC;AAIL,eAAO,MAAM,mBAAmB,2FA2B9B,CAAC"}

package/dist/etl/position-refresher.js

@@ -2,10 +2,30 @@
  * Position refresher — reads trader positions from chain and computes expected value.
  */
 import { Effect } from 'effect';
-import { computeMultinoulliPositionEV, computePositionEV } from '@the-situation/sdk';
+import { computeMultinoulliPositionEV, computePositionEV, } from '@the-situation/sdk/valuation';
+import { log } from '../logger';
 import { ChainReaderTag } from '../services/ChainReader';
 import { DatabaseTag } from '../services/Database';
 import { EventBusTag } from '../services/EventBus';
+/**
+ * Determine whether a position is "closed" — i.e. the market is settled
+ * and/or the position has been claimed or flattened.
+ *
+ * We check the MARKET state (not just the position flags) because the
+ * chain's tracksSettlementClaim flag is true for any active position that
+ * would receive a payout, which the ChainReader maps to 'pending_claim'.
+ */
+function isPositionClosed(positionState, claimed, marketIsSettled) {
+    if (claimed)
+        return true;
+    if (positionState === 'flat')
+        return true;
+    // Only treat pending_claim/early_settled as closed if the market itself is settled
+    if (marketIsSettled && (positionState === 'pending_claim' || positionState === 'early_settled')) {
+        return true;
+    }
+    return false;
+}
 export const refreshPosition = (marketAddress, trader, marketType = 'normal') => Effect.gen(function* () {
     const db = yield* DatabaseTag;
     const chain = yield* ChainReaderTag;
@@ -24,27 +44,32 @@ export const refreshPosition = (marketAddress, trader, marketType = 'normal') =>
         // Compute expected value for multinoulli positions
         let expectedValue = null;
         let unrealizedPnl = null;
-        const isClosed = pos.claimed || pos.settlementState === 'flat';
+        let realizedPnl = null;
+        const mState = db.multinoulliMarketState.findByMarket(marketAddress);
+        const marketIsSettled = mState?.is_settled === 1;
+        const isClosed = isPositionClosed(pos.settlementState, pos.claimed, marketIsSettled);
         if (isClosed) {
             expectedValue = 0;
             unrealizedPnl = 0;
+            // Capture realized PnL: snapshot the last known unrealized_pnl before it zeroes out
+            const prev = db.positions.findOne(marketAddress, trader);
+            if (prev && prev.realized_pnl == null && prev.unrealized_pnl != null) {
+                realizedPnl = prev.unrealized_pnl;
+            }
         }
-        else if (pos.exists && pos.effectiveProbs.length > 0) {
-            const mState = db.multinoulliMarketState.findByMarket(marketAddress);
-            if (mState && mState.k != null) {
-                const marketProbs = JSON.parse(mState.probs_json);
-                const collateral = pos.collateralLockedNumber;
-                const k = mState.effective_k ?? mState.k;
-                const ev = computeMultinoulliPositionEV({
-                    effectiveProbs: pos.effectiveProbs,
-                    originalProbs: pos.originalProbs,
-                    collateralLocked: collateral,
-                    k,
-                }, marketProbs);
-                if (Number.isFinite(ev)) {
-                    expectedValue = ev;
-                    unrealizedPnl = ev - collateral;
-                }
+        else if (pos.exists && pos.effectiveProbs.length > 0 && mState && mState.k != null) {
+            const marketProbs = JSON.parse(mState.probs_json);
+            const collateral = pos.collateralLockedNumber;
+            const k = mState.effective_k ?? mState.k;
+            const ev = computeMultinoulliPositionEV({
+                effectiveProbs: pos.effectiveProbs,
+                originalProbs: pos.originalProbs,
+                collateralLocked: collateral,
+                k,
+            }, marketProbs);
+            if (Number.isFinite(ev)) {
+                expectedValue = ev;
+                unrealizedPnl = ev - collateral;
             }
         }
         db.positions.upsert({
@@ -61,6 +86,7 @@ export const refreshPosition = (marketAddress, trader, marketType = 'normal') =>
             effective_probs_json: pos.effectiveProbs.length > 0 ? JSON.stringify(pos.effectiveProbs) : null,
             expected_value: expectedValue,
             unrealized_pnl: unrealizedPnl,
+            realized_pnl: realizedPnl,
         });
         bus.broadcast({
             type: 'position_update',
@@ -83,17 +109,24 @@ export const refreshPosition = (marketAddress, trader, marketType = 'normal') =>
     // Compute expected value using SDK's Gaussian product integral formula
     let expectedValue = null;
     let unrealizedPnl = null;
-    const isClosed = pos.claimed || pos.settlementState === 'flat';
+    let realizedPnl = null;
+    const marketState = db.marketState.findByMarket(marketAddress);
+    const marketIsSettled = marketState?.is_settled === 1;
+    const isClosed = isPositionClosed(pos.settlementState, pos.claimed, marketIsSettled);
     if (isClosed) {
         expectedValue = 0;
         unrealizedPnl = 0;
+        // Capture realized PnL: snapshot the last known unrealized_pnl before it zeroes out
+        const prev = db.positions.findOne(marketAddress, trader);
+        if (prev && prev.realized_pnl == null && prev.unrealized_pnl != null) {
+            realizedPnl = prev.unrealized_pnl;
+        }
     }
     else if (pos.hasPosition &&
         pos.effectiveMean != null &&
         pos.effectiveSigma != null &&
         pos.mean != null &&
         pos.sigma != null) {
-        const marketState = db.marketState.findByMarket(marketAddress);
         if (marketState?.mean != null && marketState?.sigma != null && marketState.k != null) {
             const collateral = pos.collateralLockedNumber;
             const k = marketState.effective_k ?? marketState.k;
@@ -120,6 +153,14 @@ export const refreshPosition = (marketAddress, trader, marketType = 'normal') =>
                 unrealizedPnl = ev - collateral;
             }
         }
+        else {
+            log.warn('position EV skipped: missing market state', {
+                market: marketAddress.slice(0, 16),
+                trader: trader.slice(0, 16),
+                hasMarketMean: marketState?.mean != null,
+                hasMarketK: marketState?.k != null,
+            });
+        }
     }
     db.positions.upsert({
         market_address: marketAddress,
@@ -138,6 +179,7 @@ export const refreshPosition = (marketAddress, trader, marketType = 'normal') =>
         position_type: marketType,
         expected_value: expectedValue,
         unrealized_pnl: unrealizedPnl,
+        realized_pnl: realizedPnl,
     });
     bus.broadcast({
         type: 'position_update',

package/dist/etl/position-refresher.js.map

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package/dist/etl/scheduler.d.ts.map

@@ -1 +1 @@
-{"version":3,"file":"scheduler.d.ts","sourceRoot":"","sources":["../../src/etl/scheduler.ts"],"names":[],"mappings":"AAOA,OAAO,KAAK,EAAE,aAAa,EAAE,MAAM,WAAW,CAAC;AAC/C,OAAO,EAAE,KAAK,kBAAkB,EAAkB,MAAM,yBAAyB,CAAC;AAClF,OAAO,KAAK,EAAE,eAAe,EAAE,MAAM,sBAAsB,CAAC;AAE5D,OAAO,EAAE,KAAK,eAAe,EAAe,MAAM,sBAAsB,CAAC;AACzE,OAAO,EAAE,KAAK,oBAAoB,EAAoB,MAAM,2BAA2B,CAAC;AAKxF,MAAM,WAAW,gBAAgB;IAC/B,QAAQ,CAAC,IAAI,EAAE,MAAM,IAAI,CAAC;CAC3B;AAiCD,wBAAgB,cAAc,CAC5B,MAAM,EAAE,aAAa,EACrB,QAAQ,EAAE;IACR,QAAQ,EAAE,eAAe,CAAC;IAC1B,aAAa,EAAE,oBAAoB,CAAC;IACpC,WAAW,EAAE,kBAAkB,CAAC;IAChC,QAAQ,EAAE,eAAe,CAAC;CAC3B,GACA,gBAAgB,CA0DlB"}
+{"version":3,"file":"scheduler.d.ts","sourceRoot":"","sources":["../../src/etl/scheduler.ts"],"names":[],"mappings":"AAOA,OAAO,KAAK,EAAE,aAAa,EAAE,MAAM,WAAW,CAAC;AAE/C,OAAO,EAAE,KAAK,kBAAkB,EAAkB,MAAM,yBAAyB,CAAC;AAClF,OAAO,KAAK,EAAE,eAAe,EAAE,MAAM,sBAAsB,CAAC;AAE5D,OAAO,EAAE,KAAK,eAAe,EAAe,MAAM,sBAAsB,CAAC;AACzE,OAAO,EAAE,KAAK,oBAAoB,EAAoB,MAAM,2BAA2B,CAAC;AAKxF,MAAM,WAAW,gBAAgB;IAC/B,QAAQ,CAAC,IAAI,EAAE,MAAM,IAAI,CAAC;CAC3B;AAiCD,wBAAgB,cAAc,CAC5B,MAAM,EAAE,aAAa,EACrB,QAAQ,EAAE;IACR,QAAQ,EAAE,eAAe,CAAC;IAC1B,aAAa,EAAE,oBAAoB,CAAC;IACpC,WAAW,EAAE,kBAAkB,CAAC;IAChC,QAAQ,EAAE,eAAe,CAAC;CAC3B,GACA,gBAAgB,CA2HlB"}

package/dist/etl/scheduler.js

@@ -5,6 +5,7 @@
  * the previous one finishes, preventing concurrent retry storms.
  */
 import { Effect, Layer } from 'effect';
+import { log } from '../logger';
 import { ChainReaderTag } from '../services/ChainReader';
 import { DatabaseTag } from '../services/Database';
 import { EventBusTag } from '../services/EventBus';
@@ -47,42 +48,106 @@ export function startScheduler(config, services) {
             const results = await run(indexAllMarkets);
             const total = results.reduce((sum, r) => sum + r.newEvents, 0);
             if (total > 0) {
-                // Event refresh completed and detected new events.
+                log.info('event-indexer cycle', { newEvents: total, markets: results.length });
             }
         }
-        catch (_err) {
-            // Keep scheduler loop alive; downstream monitoring handles surfaced failures.
+        catch (err) {
+            log.error('event-indexer cycle failed', {
+                error: err instanceof Error ? err.message : String(err),
+            });
         }
     }, config.eventPollIntervalMs);
     const cancelState = startNonOverlappingLoop(async () => {
         try {
-            await run(refreshAllMarketStates);
+            const results = await run(refreshAllMarketStates);
+            const ok = results.filter((r) => r.success).length;
+            const failed = results.filter((r) => !r.success);
+            if (failed.length > 0) {
+                log.warn('state-refresh partial failure', {
+                    ok,
+                    failed: failed.length,
+                    errors: failed.slice(0, 5).map((r) => ({
+                        market: r.marketAddress.slice(0, 12),
+                        error: r.error,
+                    })),
+                });
+            }
+            else if (ok > 0) {
+                log.info('state-refresh cycle', { ok, total: results.length });
+            }
         }
-        catch (_err) {
-            // Keep scheduler loop alive; downstream monitoring handles surfaced failures.
+        catch (err) {
+            log.error('state-refresh cycle failed', {
+                error: err instanceof Error ? err.message : String(err),
+            });
         }
     }, config.statePollIntervalMs);
     const cancelPositions = startNonOverlappingLoop(async () => {
         try {
-            await run(refreshAllPositions);
+            const results = await run(refreshAllPositions);
+            const ok = results.filter((r) => r.success).length;
+            const failed = results.filter((r) => !r.success);
+            if (failed.length > 0) {
+                log.warn('position-refresh partial failure', {
+                    ok,
+                    failed: failed.length,
+                    errors: failed.slice(0, 5).map((r) => ({
+                        market: r.marketAddress.slice(0, 12),
+                        trader: r.trader.slice(0, 12),
+                        error: r.error,
+                    })),
+                });
+            }
+            else if (ok > 0) {
+                log.info('position-refresh cycle', { ok, total: results.length });
+            }
         }
-        catch (_err) {
-            // Keep scheduler loop alive; downstream monitoring handles surfaced failures.
+        catch (err) {
+            log.error('position-refresh cycle failed', {
+                error: err instanceof Error ? err.message : String(err),
+            });
         }
     }, config.positionPollIntervalMs);
     // Run immediately on start
     void (async () => {
+        log.info('scheduler boot: starting initial sync');
         try {
-            await run(indexAllMarkets);
-            await run(refreshAllMarketStates);
-            await run(refreshAllPositions);
+            const eventResults = await run(indexAllMarkets);
+            const newEvents = eventResults.reduce((sum, r) => sum + r.newEvents, 0);
+            log.info('scheduler boot: events indexed', { markets: eventResults.length, newEvents });
+            const stateResults = await run(refreshAllMarketStates);
+            const stateOk = stateResults.filter((r) => r.success).length;
+            const stateFailed = stateResults.filter((r) => !r.success);
+            log.info('scheduler boot: states refreshed', {
+                ok: stateOk,
+                failed: stateFailed.length,
+                errors: stateFailed.slice(0, 5).map((r) => ({
+                    market: r.marketAddress.slice(0, 12),
+                    error: r.error,
+                })),
+            });
+            const posResults = await run(refreshAllPositions);
+            const posOk = posResults.filter((r) => r.success).length;
+            const posFailed = posResults.filter((r) => !r.success);
+            log.info('scheduler boot: positions refreshed', {
+                ok: posOk,
+                failed: posFailed.length,
+                errors: posFailed.slice(0, 5).map((r) => ({
+                    market: r.marketAddress.slice(0, 12),
+                    error: r.error,
+                })),
+            });
+            log.info('scheduler boot: complete');
         }
-        catch (_err) {
-            // Keep scheduler boot sequence non-fatal; loops continue independently.
+        catch (err) {
+            log.error('scheduler boot failed', {
+                error: err instanceof Error ? err.message : String(err),
+            });
         }
     })();
     return {
         stop: () => {
+            log.info('scheduler stopping');
             cancelEvents();
             cancelState();
             cancelPositions();

package/dist/etl/scheduler.js.map

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package/dist/etl/state-refresher.d.ts

@@ -8,5 +8,5 @@ import { EventBusTag } from '../services/EventBus';
 import type { MarketType } from '../types';
 import type { StateRefreshResult } from './types';
 export declare const refreshMarketState: (marketAddress: string, marketType?: MarketType) => Effect.Effect<StateRefreshResult, never, DatabaseTag | ChainReaderTag | EventBusTag>;
-export declare const refreshAllMarketStates: Effect.Effect<StateRefreshResult[], never, ChainReaderTag | DatabaseTag | EventBusTag>;
+export declare const refreshAllMarketStates: Effect.Effect<StateRefreshResult[], never, DatabaseTag | EventBusTag | ChainReaderTag>;
 //# sourceMappingURL=state-refresher.d.ts.map

package/dist/index.js

@@ -5,16 +5,20 @@ import { Duration, Effect, Schedule } from 'effect';
 import { createApp } from './api/app';
 import { loadConfig } from './config';
 import { createDatabase } from './db/connection';
-import { CursorRepository, EventRepository, MarketRepository, MarketStateRepository, MultinoulliMarketStateRepository, PositionRepository, RankingRepository, } from './db/repositories';
+import { ActivityFeedRepository, CursorRepository, EventRepository, MarketRepository, MarketStateRepository, MultinoulliMarketStateRepository, PositionRepository, RankingRepository, SubscriptionRepository, } from './db/repositories';
 import { MultinoulliSnapshotsRepository } from './db/repositories/multinoulli-snapshots';
 import { initializeSchema } from './db/schema';
 import { startScheduler } from './etl/scheduler';
+import { createWebhookDispatcher } from './services/WebhookDispatcher';
 import { createChainReaderService } from './layers/ChainReaderLive';
 import { isRetryableVoyagerError, VoyagerApiError } from './services/VoyagerClient';
 import { VoyagerRateLimitState } from './services/VoyagerRateLimit';
+import { log } from './logger';
 const config = loadConfig();
+log.info('indexer starting', { dbPath: config.dbPath, rpcUrl: config.starknetRpcUrl });
 const db = createDatabase(config.dbPath);
 initializeSchema(db);
+log.info('database initialized');
 const databaseService = {
     db,
     markets: new MarketRepository(db),
@@ -25,6 +29,8 @@ const databaseService = {
     positions: new PositionRepository(db),
     cursors: new CursorRepository(db),
     rankings: new RankingRepository(db),
+    activityFeed: new ActivityFeedRepository(db),
+    subscriptions: new SubscriptionRepository(db),
 };
 // ── Voyager rate-limit state (shared, observable) ───────────────────────────
 const voyagerRateLimit = new VoyagerRateLimitState(config.voyagerMinRequestIntervalMs);
@@ -108,6 +114,9 @@ const eventBusService = {
         };
     },
 };
+// ── Start webhook dispatcher ──────────────────────────────────────────────
+const webhookDispatcher = createWebhookDispatcher(databaseService, eventBusService);
+webhookDispatcher.start();
 // ── Start ETL scheduler ────────────────────────────────────────────────────
 const scheduler = startScheduler(config, {
     database: databaseService,
@@ -123,13 +132,16 @@ const app = createApp({
     rateLimit: voyagerRateLimit,
 });
 app.listen({ port: config.port, hostname: '0.0.0.0' });
+log.info('server listening', { port: config.port });
 // ── Graceful shutdown ──────────────────────────────────────────────────────
 process.on('SIGTERM', () => {
+    webhookDispatcher.stop();
     scheduler.stop();
     db.close();
     process.exit(0);
 });
 process.on('SIGINT', () => {
+    webhookDispatcher.stop();
     scheduler.stop();
     db.close();
     process.exit(0);

package/dist/index.js.map

@@ -1 +1 @@
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package/dist/layers/ChainReaderLive.d.ts.map

@@ -1 +1 @@
-{"version":3,"file":"ChainReaderLive.d.ts","sourceRoot":"","sources":["../../src/layers/ChainReaderLive.ts"],"names":[],"mappings":"AASA,OAAO,EAAU,KAAK,EAAE,MAAM,QAAQ,CAAC;AAEvC,OAAO,KAAK,EAAE,kBAAkB,EAAoC,MAAM,yBAAyB,CAAC;AACpG,OAAO,EAAkB,cAAc,EAAE,MAAM,yBAAyB,CAAC;AA+PzE,wBAAgB,wBAAwB,CAAC,MAAM,EAAE,MAAM,GAAG,kBAAkB,CAoP3E;AAED,eAAO,MAAM,eAAe,GAAI,QAAQ,MAAM,KAAG,KAAK,CAAC,KAAK,CAAC,cAAc,CACS,CAAC"}
+{"version":3,"file":"ChainReaderLive.d.ts","sourceRoot":"","sources":["../../src/layers/ChainReaderLive.ts"],"names":[],"mappings":"AASA,OAAO,EAAU,KAAK,EAAE,MAAM,QAAQ,CAAC;AAEvC,OAAO,KAAK,EAAE,kBAAkB,EAAoC,MAAM,yBAAyB,CAAC;AACpG,OAAO,EAAkB,cAAc,EAAE,MAAM,yBAAyB,CAAC;AA6QzE,wBAAgB,wBAAwB,CAAC,MAAM,EAAE,MAAM,GAAG,kBAAkB,CAyP3E;AAED,eAAO,MAAM,eAAe,GAAI,QAAQ,MAAM,KAAG,KAAK,CAAC,KAAK,CAAC,cAAc,CACS,CAAC"}

package/dist/layers/ChainReaderLive.js

@@ -6,6 +6,10 @@ import { Effect, Layer } from 'effect';
 import { Contract } from 'starknet';
 import { ChainReadError, ChainReaderTag } from '../services/ChainReader';
 const TWO_128 = 2n ** 128n;
+/** JSON.stringify replacement that converts BigInts to strings. */
+function jsonStringifyBigInt(value) {
+    return JSON.stringify(value, (_key, v) => (typeof v === 'bigint' ? v.toString() : v));
+}
 function toBigIntValue(value) {
     if (typeof value === 'bigint') {
         return value;
@@ -116,36 +120,36 @@ function continuousAbi(marketType) {
     }
     return NORMAL_AMM_ABI;
 }
-function projectedPositionFields(marketType, originalDistribution) {
+/**
+ * Extract original distribution fields from position compact record.
+ * Normal: originalMean/Variance/Sigma (flat)
+ * Lognormal: originalMu/Variance/Sigma (flat, mu instead of mean)
+ * Bivariate: originalDist.mu1/variance1 (nested)
+ */
+function projectedOriginalPositionFields(marketType, compact) {
     if (marketType === 'normal') {
-        const mean = sq128ToNumber(originalDistribution.mean);
-        const variance = sq128ToNumber(originalDistribution.variance);
-        const sigma = sq128ToNumber(originalDistribution.sigma);
+        const mean = sq128ToNumber(compact.originalMean);
+        const variance = sq128ToNumber(compact.originalVariance);
+        const sigma = sq128ToNumber(compact.originalSigma);
         const fallbackSigma = variance === null ? null : Math.sqrt(Math.max(variance, 0));
-        return {
-            mean,
-            variance,
-            sigma: sigma ?? fallbackSigma,
-        };
+        return { mean, variance, sigma: sigma ?? fallbackSigma };
     }
     if (marketType === 'lognormal') {
-        const mean = sq128ToNumber(originalDistribution.mu);
-        const variance = sq128ToNumber(originalDistribution.variance);
-        return {
-            mean,
-            variance,
-            sigma: variance === null ? null : Math.sqrt(Math.max(variance, 0)),
-        };
+        const mean = sq128ToNumber(compact.originalMu);
+        const variance = sq128ToNumber(compact.originalVariance);
+        const sigma = sq128ToNumber(compact.originalSigma);
+        const fallbackSigma = variance === null ? null : Math.sqrt(Math.max(variance, 0));
+        return { mean, variance, sigma: sigma ?? fallbackSigma };
     }
     // bivariate projection: first marginal (x1)
-    const mean = sq128ToNumber(originalDistribution.mu1);
-    const variance = sq128ToNumber(originalDistribution.variance1);
-    return {
-        mean,
-        variance,
-        sigma: variance === null ? null : Math.sqrt(Math.max(variance, 0)),
-    };
+    const bivDist = compact.originalDist;
+    const mean = bivDist ? sq128ToNumber(bivDist.mu1) : null;
+    const variance = bivDist ? sq128ToNumber(bivDist.variance1) : null;
+    return { mean, variance, sigma: variance === null ? null : Math.sqrt(Math.max(variance, 0)) };
 }
+/**
+ * Extract effective (current) distribution fields from position compact record.
+ */
 function projectedEffectivePositionFields(marketType, compact) {
     if (marketType === 'normal') {
         const mean = sq128ToNumber(compact.effectiveMean);
@@ -155,9 +159,11 @@ function projectedEffectivePositionFields(marketType, compact) {
         return { mean, variance, sigma: sigma ?? fallbackSigma };
     }
     if (marketType === 'lognormal') {
-        const mean = sq128ToNumber(compact.effectiveMu ?? compact.effectiveMean);
+        const mean = sq128ToNumber(compact.effectiveMu);
         const variance = sq128ToNumber(compact.effectiveVariance);
-        return { mean, variance, sigma: variance === null ? null : Math.sqrt(Math.max(variance, 0)) };
+        const sigma = sq128ToNumber(compact.effectiveSigma);
+        const fallbackSigma = variance === null ? null : Math.sqrt(Math.max(variance, 0));
+        return { mean, variance, sigma: sigma ?? fallbackSigma };
     }
     // bivariate projection: first marginal (x1)
     const bivDist = compact.effectiveDist;
@@ -194,16 +200,23 @@ export function createChainReaderService(rpcUrl) {
         readMarketState: (marketAddress, marketType = 'normal') => Effect.tryPromise({
             try: async () => {
                 const contract = getContinuousContract(marketAddress, marketType);
-                const [rawDistribution, rawStatus, rawLpInfo, rawParams] = await Promise.all([
+                const [rawDistribution, rawStatus, rawLpInfo] = await Promise.all([
                     contract.call('get_distribution', []),
                     contract.call('get_market_status', []),
                     contract.call('get_lp_info', []),
-                    contract.call('get_params', []),
                 ]);
+                // get_params is best-effort — don't let it block the core state read
+                let rawParams = null;
+                try {
+                    rawParams = await contract.call('get_params', []);
+                }
+                catch {
+                    // Contract may not support get_params (older deployments)
+                }
                 const distribution = normalizeResponse(rawDistribution);
                 const status = normalizeResponse(rawStatus);
                 const lpInfo = normalizeResponse(rawLpInfo);
-                const params = normalizeResponse(rawParams);
+                const params = rawParams ? normalizeResponse(rawParams) : { k: undefined, backing: undefined };
                 const projected = projectedDistributionFields(marketType, distribution);
                 const mean = sq128ToNumber(projected.meanRaw);
                 const variance = sq128ToNumber(projected.varianceRaw);
@@ -219,9 +232,9 @@ export function createChainReaderService(rpcUrl) {
                     settlementValue: settlementValueFromStatus(status),
                     totalShares: sq128MagnitudeToString(lpInfo.totalShares),
                     totalBacking: sq128MagnitudeToString(lpInfo.totalBackingDeposited),
-                    meanRaw: projected.meanRaw ? JSON.stringify(projected.meanRaw) : null,
-                    sigmaRaw: projected.sigmaRaw ? JSON.stringify(projected.sigmaRaw) : null,
-                    varianceRaw: projected.varianceRaw ? JSON.stringify(projected.varianceRaw) : null,
+                    meanRaw: projected.meanRaw ? jsonStringifyBigInt(projected.meanRaw) : null,
+                    sigmaRaw: projected.sigmaRaw ? jsonStringifyBigInt(projected.sigmaRaw) : null,
+                    varianceRaw: projected.varianceRaw ? jsonStringifyBigInt(projected.varianceRaw) : null,
                     k: sq128ToNumber(params.k),
                     effectiveK: sq128ToNumber(params.backing),
                 };
@@ -254,8 +267,7 @@ export function createChainReaderService(rpcUrl) {
                         claimed: false,
                     };
                 }
-                const originalDistribution = compact.originalDistribution ?? {};
-                const projected = projectedPositionFields(marketType, originalDistribution);
+                const projected = projectedOriginalPositionFields(marketType, compact);
                 const effective = projectedEffectivePositionFields(marketType, compact);
                 const claimed = toBoolValue(summary.claimed);
                 const tracksSettlementClaim = toBoolValue(summary.tracksSettlementClaim);