191 lines
9.7 KiB
JavaScript
191 lines
9.7 KiB
JavaScript
"use strict";
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var __importDefault = (this && this.__importDefault) || function (mod) {
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return (mod && mod.__esModule) ? mod : { "default": mod };
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};
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Object.defineProperty(exports, "__esModule", { value: true });
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exports.getProposedTier = exports.getLiquidityTier = exports.getMidPriceImpacts = exports.getTierWithAdjustedNetBorrows = exports.coinTiersToNames = exports.calculateMarketTradingParams = exports.LISTING_PRESETS_PYTH = exports.LISTING_PRESETS = void 0;
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const bn_js_1 = __importDefault(require("bn.js"));
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const PREMIUM_LISTING = {
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maxStalenessSlots: 10000,
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oracleConfFilter: 0.1,
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adjustmentFactor: 0.004,
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util0: 0.5,
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rate0: 0.052,
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util1: 0.8,
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rate1: 0.1446,
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maxRate: 1.4456,
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loanFeeRate: 0.005,
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loanOriginationFeeRate: 0.001,
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maintAssetWeight: 0.9,
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initAssetWeight: 0.8,
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maintLiabWeight: 1.1,
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initLiabWeight: 1.2,
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liquidationFee: 0.05,
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minVaultToDepositsRatio: 0.2,
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netBorrowLimitWindowSizeTs: 24 * 60 * 60,
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netBorrowLimitPerWindowQuote: toNative(50000, 6).toNumber(),
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insuranceFound: true,
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borrowWeightScaleStartQuote: toNative(250000, 6).toNumber(),
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depositWeightScaleStartQuote: toNative(250000, 6).toNumber(),
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preset_key: "PREMIUM",
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preset_name: "Blue chip",
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preset_target_amount: 100000,
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stablePriceDelayIntervalSeconds: 60 * 60,
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stablePriceGrowthLimit: 0.0003,
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stablePriceDelayGrowthLimit: 0.06,
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tokenConditionalSwapTakerFeeRate: 0,
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tokenConditionalSwapMakerFeeRate: 0,
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flashLoanDepositFeeRate: 0,
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reduceOnly: 0,
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};
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exports.LISTING_PRESETS = {
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//Price impact on $250,000 swap lower then 1%
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ULTRA_PREMIUM: Object.assign(Object.assign({}, PREMIUM_LISTING), { netBorrowLimitPerWindowQuote: toNative(125000, 6).toNumber(), borrowWeightScaleStartQuote: toNative(500000, 6).toNumber(), depositWeightScaleStartQuote: toNative(500000, 6).toNumber(), preset_name: "ULTRA PREMIUM", preset_key: "ULTRA_PREMIUM", preset_target_amount: 250000 }),
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//Price impact on $100,000 swap lower then 1%
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PREMIUM: Object.assign({}, PREMIUM_LISTING),
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//Price impact on $20,000 swap lower then 1%
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MID: Object.assign(Object.assign({}, PREMIUM_LISTING), { maintAssetWeight: 0.75, initAssetWeight: 0.5, maintLiabWeight: 1.2, initLiabWeight: 1.4, liquidationFee: 0.125, netBorrowLimitPerWindowQuote: toNative(20000, 6).toNumber(), borrowWeightScaleStartQuote: toNative(50000, 6).toNumber(), depositWeightScaleStartQuote: toNative(50000, 6).toNumber(), insuranceFound: false, preset_name: "Midwit", preset_key: "MID", preset_target_amount: 20000 }),
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//Price impact on $5,000 swap lower then 1%
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MEME: Object.assign(Object.assign({}, PREMIUM_LISTING), { loanOriginationFeeRate: 0.002, maintAssetWeight: 0, initAssetWeight: 0, maintLiabWeight: 1.25, initLiabWeight: 1.5, liquidationFee: 0.2, netBorrowLimitPerWindowQuote: toNative(5000, 6).toNumber(), borrowWeightScaleStartQuote: toNative(20000, 6).toNumber(), depositWeightScaleStartQuote: toNative(20000, 6).toNumber(), insuranceFound: false, preset_name: "Meme Coin", preset_key: "MEME", preset_target_amount: 5000 }),
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//Price impact on $1,000 swap lower then 1%
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SHIT: Object.assign(Object.assign({}, PREMIUM_LISTING), { loanOriginationFeeRate: 0.002, maintAssetWeight: 0, initAssetWeight: 0, maintLiabWeight: 1.4, initLiabWeight: 1.8, liquidationFee: 0.2, netBorrowLimitPerWindowQuote: toNative(1000, 6).toNumber(), borrowWeightScaleStartQuote: toNative(5000, 6).toNumber(), depositWeightScaleStartQuote: toNative(5000, 6).toNumber(), insuranceFound: false, preset_name: "Shit Coin", preset_key: "SHIT", preset_target_amount: 1000 }),
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//should run untrusted instruction
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UNTRUSTED: {},
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};
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exports.LISTING_PRESETS_PYTH = {
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ULTRA_PREMIUM: Object.assign(Object.assign({}, exports.LISTING_PRESETS.ULTRA_PREMIUM), { maxStalenessSlots: 250 }),
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PREMIUM: Object.assign(Object.assign({}, exports.LISTING_PRESETS.PREMIUM), { maxStalenessSlots: 250 }),
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MID: Object.assign(Object.assign({}, exports.LISTING_PRESETS.MID), { maxStalenessSlots: 250 }),
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MEME: Object.assign(Object.assign({}, exports.LISTING_PRESETS.MEME), { maxStalenessSlots: 250 }),
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SHIT: Object.assign(Object.assign({}, exports.LISTING_PRESETS.SHIT), { maxStalenessSlots: 250 }),
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UNTRUSTED: {},
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};
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// definitions:
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// baseLots = 10 ^ baseLotExponent
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// quoteLots = 10 ^ quoteLotExponent
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// minOrderSize = 10^(baseLotExponent - baseDecimals)
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// minOrderValue = basePrice * minOrderSize
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// priceIncrement = 10^(quoteLotExponent + baseDecimals - baseLotExponent - quoteDecimals)
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// priceIncrementRelative = priceIncrement * quotePrice / basePrice
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// derive: baseLotExponent <= min[ basePrice * minOrderSize > 0.05]
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// baseLotExponent = 10
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// While (baseLotExponent < 10):
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// minOrderSize = 10^(baseLotExponent - baseDecimals)
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// minOrderValue = basePrice * minOrderSize
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// if minOrderValue > 0.05:
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// break;
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// Derive: quoteLotExponent <= min[ priceIncrement * quotePrice / basePrice > 0.000025 ]
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// quoteLotExponent = 0
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// While (quoteLotExponent < 10):
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// priceIncrement = 10^(quoteLotExponent + baseDecimals - baseLotExponent - quoteDecimals)
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// priceIncrementRelative = priceIncrement * quotePrice / basePrice
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// if priceIncrementRelative > 0.000025:
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// break;
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const calculateMarketTradingParams = (basePrice, quotePrice, baseDecimals, quoteDecimals) => {
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const MAX_MIN_ORDER_VALUE = 0.05;
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const MIN_PRICE_INCREMENT_RELATIVE = 0.000025;
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const EXPONENT_THRESHOLD = 10;
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let minOrderSize = 0;
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let priceIncrement = 0;
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let baseLotExponent = 0;
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let quoteLotExponent = 0;
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let minOrderValue = 0;
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let priceIncrementRelative = 0;
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// Calculate minimum order size
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do {
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minOrderSize = Math.pow(10, baseLotExponent - baseDecimals);
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minOrderValue = basePrice * minOrderSize;
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if (minOrderValue > MAX_MIN_ORDER_VALUE) {
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break;
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}
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baseLotExponent++;
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} while (baseLotExponent < EXPONENT_THRESHOLD);
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// Calculate price increment
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do {
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priceIncrement = Math.pow(10, quoteLotExponent + baseDecimals - baseLotExponent - quoteDecimals);
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priceIncrementRelative = (priceIncrement * quotePrice) / basePrice;
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if (priceIncrementRelative > MIN_PRICE_INCREMENT_RELATIVE) {
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break;
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}
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quoteLotExponent++;
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} while (quoteLotExponent < EXPONENT_THRESHOLD);
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//exception override values in that case example eth/btc market
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if (quoteLotExponent === 0 &&
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priceIncrementRelative > 0.001 &&
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minOrderSize < 1) {
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baseLotExponent = baseLotExponent + 1;
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minOrderSize = Math.pow(10, baseLotExponent - baseDecimals);
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minOrderValue = basePrice * minOrderSize;
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priceIncrement = Math.pow(10, quoteLotExponent + baseDecimals - baseLotExponent - quoteDecimals);
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priceIncrementRelative = (priceIncrement * quotePrice) / basePrice;
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}
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return {
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baseLots: Math.pow(10, baseLotExponent),
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quoteLots: Math.pow(10, quoteLotExponent),
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minOrderValue: minOrderValue,
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baseLotExponent: baseLotExponent,
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quoteLotExponent: quoteLotExponent,
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minOrderSize: minOrderSize,
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priceIncrement: priceIncrement,
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priceIncrementRelative: priceIncrementRelative,
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};
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};
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exports.calculateMarketTradingParams = calculateMarketTradingParams;
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function toNative(uiAmount, decimals) {
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return new bn_js_1.default((uiAmount * Math.pow(10, decimals)).toFixed(0));
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}
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exports.coinTiersToNames = {
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ULTRA_PREMIUM: "Ultra Premium",
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PREMIUM: "Blue Chip",
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MID: "Mid-wit",
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MEME: "Meme",
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SHIT: "Shit Coin",
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UNTRUSTED: "Untrusted",
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};
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const getTierWithAdjustedNetBorrows = (tier, currentTotalDepositsInUsdc) => {
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const newNetBorrowLimitPerWindowQuote = Math.round(currentTotalDepositsInUsdc / 3 / 1000000000) * 1000000000;
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const minValue = toNative(10000, 6).toNumber();
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return Object.assign(Object.assign({}, tier), { netBorrowLimitPerWindowQuote: newNetBorrowLimitPerWindowQuote < minValue
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? minValue
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: newNetBorrowLimitPerWindowQuote });
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};
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exports.getTierWithAdjustedNetBorrows = getTierWithAdjustedNetBorrows;
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const getMidPriceImpacts = (priceImpacts) => {
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return priceImpacts.reduce((acc, val) => {
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if (val.side === "ask") {
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const bidSide = priceImpacts.find((x) => x.symbol === val.symbol &&
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x.target_amount === val.target_amount &&
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x.side === "bid");
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acc.push({
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target_amount: val.target_amount,
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avg_price_impact_percent: bidSide
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? (bidSide.avg_price_impact_percent + val.avg_price_impact_percent) /
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2
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: val.avg_price_impact_percent,
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symbol: val.symbol,
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});
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}
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return acc;
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}, []);
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};
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exports.getMidPriceImpacts = getMidPriceImpacts;
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const getLiquidityTier = (presets, priceImpactTargetAmount) => {
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var _a;
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return (((_a = Object.values(presets).find((x) => x.preset_target_amount === priceImpactTargetAmount)) === null || _a === void 0 ? void 0 : _a.preset_key) || "SHIT");
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};
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exports.getLiquidityTier = getLiquidityTier;
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const getProposedTier = (presets, priceImpactTargetAmount, isPyth) => {
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const liquidityTier = (0, exports.getLiquidityTier)(presets, priceImpactTargetAmount);
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const detieredTierWithoutPyth = liquidityTier === "ULTRA_PREMIUM" || liquidityTier === "PREMIUM"
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? "MID"
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: liquidityTier === "MID"
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? "MEME"
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: liquidityTier;
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const isPythRecommended = liquidityTier === "MID" ||
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liquidityTier === "PREMIUM" ||
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liquidityTier === "ULTRA_PREMIUM";
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const proposedTier = isPythRecommended && isPyth ? detieredTierWithoutPyth : liquidityTier;
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return proposedTier;
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};
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exports.getProposedTier = getProposedTier;
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