impermax-sdk 2.1.216 → 2.1.218

package/lib/utils/position/uniswapV3/index.js

@@ -390,7 +390,7 @@ class UniswapV3Position {
         const maxStraightDeleverageValue = this.getValueGivenAmounts(maxStraightDeleverage.amountX, maxStraightDeleverage.amountY);
         const minStraightLeverage = (this.getInitialCollateralValue() - maxStraightDeleverageValue) / this.getInitialEquityValue();
         if (targetLeverage >= minStraightLeverage) {
-            const desiredCollateralValue = targetLeverage * this.getEquityValue();
+            const desiredCollateralValue = targetLeverage * this.getInitialEquityValue();
             const desiredValue = this.getInitialCollateralValue() - desiredCollateralValue;
             const ratio = desiredValue / maxStraightDeleverageValue;
             return {
@@ -409,6 +409,17 @@ class UniswapV3Position {
             repayRatio = this.getValueGivenAmounts(this.getInitialDepositedX(), 0) / this.getInitialCollateralValue();
         }
         const deltaValue = (collateralValue * (targetLeverage - 1) - debtValue * targetLeverage) / (targetLeverage * (1 - repayRatio) - 1);
+        // Proof:
+        // leverage = newCollateral / (newCollateral - newDebt)
+        // newCollateral = collateral - delta
+        // newDebt = debt - delta * repayRatio;
+        // ((collateral - delta) - (debt - delta * repayRatio)) * leverage = (collateral - delta)
+        // (collateral - delta - debt + delta * repayRatio) * leverage - collateral = - delta
+        // collateral * leverage - delta * leverage - debt * leverage + delta * repayRatio * leverage - collateral = - delta
+        // collateral * leverage - debt * leverage - collateral = - delta + delta * leverage - delta * repayRatio * leverage
+        // collateral * (leverage-1) - debt * leverage = delta * (leverage - repayRatio * leverage - 1)
+        // collateral * (leverage-1) - debt * leverage = delta * (leverage * (1-repayRatio) - 1)
+        // (collateral * (leverage-1) - debt * leverage) / (leverage * (1-repayRatio) - 1) = delta
         // 4. Return amounts if the leverage is achievable
         if (deltaValue < 0 || deltaValue > collateralValue)
             return null;

package/package.json

@@ -1,6 +1,6 @@
 {
   "name": "impermax-sdk",
-  "version": "2.1.216",
+  "version": "2.1.218",
   "description": "",
   "main": "./lib/index.js",
   "module": "./lib/index.js",