2023-10-10 00:18:04 -07:00
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import {
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MidPriceImpact,
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getMidPriceImpacts,
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} from '@blockworks-foundation/mango-v4-settings/lib/helpers/listingTools';
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2023-10-05 03:13:53 -07:00
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import { AnchorProvider, Wallet } from '@coral-xyz/anchor';
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import { BN } from '@project-serum/anchor';
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import {
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getAllProposals,
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getTokenOwnerRecord,
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getTokenOwnerRecordAddress,
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} from '@solana/spl-governance';
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import {
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AccountMeta,
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Connection,
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Keypair,
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PublicKey,
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Transaction,
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TransactionInstruction,
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} from '@solana/web3.js';
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import fs from 'fs';
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2023-11-13 23:58:41 -08:00
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import { Bank } from '../src/accounts/bank';
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import { Group } from '../src/accounts/group';
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2023-10-05 03:13:53 -07:00
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import { Builder } from '../src/builder';
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import { MangoClient } from '../src/client';
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import { NullTokenEditParams } from '../src/clientIxParamBuilder';
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import { MANGO_V4_MAIN_GROUP as MANGO_V4_PRIMARY_GROUP } from '../src/constants';
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2023-11-12 04:05:46 -08:00
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import { getEquityForMangoAccounts } from '../src/risk';
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import { buildFetch } from '../src/utils';
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2023-10-05 03:13:53 -07:00
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import {
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MANGO_DAO_WALLET_GOVERNANCE,
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MANGO_GOVERNANCE_PROGRAM,
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MANGO_MINT,
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MANGO_REALM_PK,
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} from './governanceInstructions/constants';
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import { createProposal } from './governanceInstructions/createProposal';
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import {
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DEFAULT_VSR_ID,
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VsrClient,
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} from './governanceInstructions/voteStakeRegistryClient';
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2023-11-21 14:21:25 -08:00
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import { MangoAccount } from '../src/accounts/mangoAccount';
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2023-10-05 03:13:53 -07:00
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const {
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MB_CLUSTER_URL,
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PROPOSAL_TITLE,
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VSR_DELEGATE_KEYPAIR,
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VSR_DELEGATE_FROM_PK,
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DRY_RUN,
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} = process.env;
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const getApiTokenName = (bankName: string) => {
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if (bankName === 'ETH (Portal)') {
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return 'ETH';
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}
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return bankName;
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};
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async function buildClient(): Promise<MangoClient> {
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return await MangoClient.connectDefault(MB_CLUSTER_URL!);
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}
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async function setupWallet(): Promise<Wallet> {
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const clientKeypair = Keypair.fromSecretKey(
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Buffer.from(JSON.parse(fs.readFileSync(VSR_DELEGATE_KEYPAIR!, 'utf-8'))),
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);
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const clientWallet = new Wallet(clientKeypair);
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return clientWallet;
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}
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async function setupVsr(
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connection: Connection,
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clientWallet: Wallet,
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): Promise<VsrClient> {
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const options = AnchorProvider.defaultOptions();
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const provider = new AnchorProvider(connection, clientWallet, options);
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const vsrClient = await VsrClient.connect(provider, DEFAULT_VSR_ID);
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return vsrClient;
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}
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2023-11-13 23:58:41 -08:00
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async function getTotalLiqorEquity(
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client: MangoClient,
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group: Group,
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2023-11-21 14:21:25 -08:00
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mangoAccounts: MangoAccount[],
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2023-11-13 23:58:41 -08:00
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): Promise<number> {
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const liqors = (
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2023-11-12 04:05:46 -08:00
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await (
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await (
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await buildFetch()
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)(
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`https://api.mngo.cloud/data/v4/stats/liqors-over_period?over_period=1MONTH`,
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{
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mode: 'cors',
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headers: {
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'Content-Type': 'application/json',
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'Access-Control-Allow-Origin': '*',
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},
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},
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)
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).json()
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).map((data) => new PublicKey(data['liqor']));
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const ttlLiqorEquity = (
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await getEquityForMangoAccounts(client, group, liqors, mangoAccounts)
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).reduce((partialSum, ae) => partialSum + ae.Equity.val, 0);
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2023-11-13 23:58:41 -08:00
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return ttlLiqorEquity;
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}
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function getPriceImpactForBank(
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midPriceImpacts: MidPriceImpact[],
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bank: Bank,
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): MidPriceImpact {
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const tokenToPriceImpact = midPriceImpacts
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.filter((x) => x.avg_price_impact_percent < 1)
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.reduce((acc: { [key: string]: MidPriceImpact }, val: MidPriceImpact) => {
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if (
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!acc[val.symbol] ||
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val.target_amount > acc[val.symbol].target_amount
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) {
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acc[val.symbol] = val;
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}
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return acc;
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}, {});
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const priceImpact = tokenToPriceImpact[getApiTokenName(bank.name)];
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return priceImpact;
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}
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2023-10-05 03:13:53 -07:00
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async function updateTokenParams(): Promise<void> {
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const [client, wallet] = await Promise.all([buildClient(), setupWallet()]);
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const vsrClient = await setupVsr(client.connection, wallet);
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const group = await client.getGroup(MANGO_V4_PRIMARY_GROUP);
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const instructions: TransactionInstruction[] = [];
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2023-11-13 23:58:41 -08:00
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const mangoAccounts = await client.getAllMangoAccounts(group, true);
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const ttlLiqorEquityUi = await getTotalLiqorEquity(
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client,
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group,
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mangoAccounts,
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);
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2023-11-12 04:05:46 -08:00
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2023-10-05 03:13:53 -07:00
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const midPriceImpacts = getMidPriceImpacts(group.pis);
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Array.from(group.banksMapByTokenIndex.values())
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.map((banks) => banks[0])
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.filter(
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(bank) =>
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2023-11-13 23:58:41 -08:00
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// // low low liquidity
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// bank.name.includes('DUAL') ||
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// bank.name.includes('MNGO') ||
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// // low liquidity
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// bank.name.includes('ALL') ||
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// bank.name.includes('CROWN') ||
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// bank.name.includes('GUAC') ||
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// bank.name.includes('HNT') ||
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// bank.name.includes('KIN') ||
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// bank.name.includes('OPOS') ||
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// bank.name.includes('RLB') ||
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// bank.name.includes('USDH') ||
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// better liquidity
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bank.name.includes('BONK') ||
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bank.name.includes('bSOL') ||
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bank.name.includes('CHAI') ||
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bank.name.includes('DAI') ||
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bank.name.includes('ETH (Portal)') ||
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bank.name.includes('JitoSOL') ||
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bank.name.includes('LDO') ||
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bank.name.includes('MSOL') ||
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bank.name.includes('ORCA') ||
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bank.name.includes('RAY') ||
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bank.name.includes('SOL') ||
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bank.name.includes('stSOL') ||
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bank.name.includes('TBTC') ||
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bank.name.includes('USDC') ||
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bank.name.includes('wBTC (Portal)') ||
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bank.name.includes('USDT'),
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2023-10-05 03:13:53 -07:00
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)
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.forEach(async (bank) => {
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2023-11-13 23:58:41 -08:00
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const priceImpact = getPriceImpactForBank(midPriceImpacts, bank);
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2023-10-05 03:13:53 -07:00
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2023-11-13 23:58:41 -08:00
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const scaleStartQuoteUi = Math.min(
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50 * ttlLiqorEquityUi,
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2023-11-12 04:05:46 -08:00
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4 * priceImpact.target_amount,
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);
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2023-10-10 00:18:04 -07:00
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2023-11-13 23:58:41 -08:00
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const newNetDepositsUi = Math.max(
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10_000,
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Math.min(bank.uiDeposits(), 300_000) / 3 +
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Math.max(0, bank.uiDeposits() - 300_000) / 5,
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);
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2023-10-10 00:18:04 -07:00
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2023-11-13 23:58:41 -08:00
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const params = Builder(NullTokenEditParams).build();
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2023-10-05 03:13:53 -07:00
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const ix = await client.program.methods
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.tokenEdit(
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params.oracle,
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params.oracleConfig,
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params.groupInsuranceFund,
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params.interestRateParams,
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params.loanFeeRate,
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params.loanOriginationFeeRate,
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params.maintAssetWeight,
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params.initAssetWeight,
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params.maintLiabWeight,
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params.initLiabWeight,
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params.liquidationFee,
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params.stablePriceDelayIntervalSeconds,
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params.stablePriceDelayGrowthLimit,
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params.stablePriceGrowthLimit,
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params.minVaultToDepositsRatio,
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params.netBorrowLimitPerWindowQuote !== null
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? new BN(params.netBorrowLimitPerWindowQuote)
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: null,
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params.netBorrowLimitWindowSizeTs !== null
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? new BN(params.netBorrowLimitWindowSizeTs)
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: null,
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params.borrowWeightScaleStartQuote,
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params.depositWeightScaleStartQuote,
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params.resetStablePrice ?? false,
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params.resetNetBorrowLimit ?? false,
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params.reduceOnly,
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params.name,
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params.forceClose,
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params.tokenConditionalSwapTakerFeeRate,
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params.tokenConditionalSwapMakerFeeRate,
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2023-11-08 05:23:40 -08:00
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params.flashLoanSwapFeeRate,
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2023-10-05 03:13:53 -07:00
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)
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.accounts({
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group: group.publicKey,
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oracle: bank.oracle,
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admin: group.admin,
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mintInfo: group.mintInfosMapByTokenIndex.get(bank.tokenIndex)
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?.publicKey,
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})
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.remainingAccounts([
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{
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pubkey: bank.publicKey,
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isWritable: true,
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isSigner: false,
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} as AccountMeta,
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])
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.instruction();
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const tx = new Transaction({ feePayer: wallet.publicKey }).add(ix);
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const simulated = await client.connection.simulateTransaction(tx);
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if (simulated.value.err) {
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console.log('error', simulated.value.logs);
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throw simulated.value.logs;
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}
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instructions.push(ix);
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});
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const tokenOwnerRecordPk = await getTokenOwnerRecordAddress(
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MANGO_GOVERNANCE_PROGRAM,
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MANGO_REALM_PK,
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MANGO_MINT,
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new PublicKey(VSR_DELEGATE_FROM_PK!),
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);
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const [tokenOwnerRecord, proposals] = await Promise.all([
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getTokenOwnerRecord(client.connection, tokenOwnerRecordPk),
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getAllProposals(
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client.connection,
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MANGO_GOVERNANCE_PROGRAM,
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MANGO_REALM_PK,
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),
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]);
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const walletSigner = wallet as never;
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if (!DRY_RUN) {
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const proposalAddress = await createProposal(
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client.connection,
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walletSigner,
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MANGO_DAO_WALLET_GOVERNANCE,
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tokenOwnerRecord,
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2023-10-11 22:35:45 -07:00
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PROPOSAL_TITLE ? PROPOSAL_TITLE : 'Update risk parameters for tokens',
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2023-10-05 03:13:53 -07:00
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'',
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Object.values(proposals).length,
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instructions,
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vsrClient!,
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);
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console.log(proposalAddress.toBase58());
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}
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}
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async function main(): Promise<void> {
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try {
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await updateTokenParams();
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} catch (error) {
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console.log(error);
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}
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}
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try {
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main();
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} catch (error) {
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console.log(error);
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}
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