Force close for serum3 market (#551)

* force close for serum3 market

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>

* Fixes from review

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>

* always require admin

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>

* Fixes from review

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>

* Fixes from review

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>

* Fixes from review

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>

* Fixes from review

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>

* format

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>

* Fixes from review

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>

* update client

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>

* Fixes from review

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>

---------

Signed-off-by: microwavedcola1 <microwavedcola@gmail.com>
This commit is contained in:
microwavedcola1 2023-04-20 10:19:23 +02:00 committed by GitHub
parent 6fba1692e9
commit 497012042c
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GPG Key ID: 4AEE18F83AFDEB23
12 changed files with 58 additions and 38 deletions

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@ -11,7 +11,7 @@ pub struct PerpForceClosePosition<'info> {
#[account(
mut,
has_one = group,
has_one = group,
has_one = oracle,
constraint = perp_market.load()?.is_force_close()
)]

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@ -58,7 +58,7 @@ pub fn perp_liq_base_or_positive_pnl(
let liqee_liq_end_health = liqee_health_cache.health(HealthType::LiquidationEnd);
liqee_health_cache.require_after_phase1_liquidation()?;
if !liqee.check_liquidatable(&liqee_health_cache)? {
if liqee.check_liquidatable(&liqee_health_cache)? != CheckLiquidatable::Liquidatable {
return Ok(());
}

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@ -10,9 +10,10 @@ pub fn perp_liq_force_cancel_orders(
limit: u8,
) -> Result<()> {
let mut account = ctx.accounts.account.load_full_mut()?;
let mut perp_market = ctx.accounts.perp_market.load_mut()?;
//
// Check liqee health if liquidation is allowed
// Early return if if liquidation is not allowed or if market is not in force close
//
let mut health_cache = {
let retriever =
@ -21,17 +22,12 @@ pub fn perp_liq_force_cancel_orders(
new_health_cache(&account.borrow(), &retriever).context("create health cache")?;
{
let result = account.check_liquidatable(&health_cache);
if account.fixed.is_operational() {
if !result? {
return Ok(());
}
} else {
// Frozen accounts can always have their orders cancelled
if !result.is_anchor_error_with_code(MangoError::HealthMustBeNegative.into()) {
// Propagate unexpected errors
result?;
}
let liquidatable = account.check_liquidatable(&health_cache)?;
if account.fixed.is_operational()
&& liquidatable != CheckLiquidatable::Liquidatable
&& !perp_market.is_force_close()
{
return Ok(());
}
}
@ -42,7 +38,6 @@ pub fn perp_liq_force_cancel_orders(
// Cancel orders
//
{
let mut perp_market = ctx.accounts.perp_market.load_mut()?;
let mut book = Orderbook {
bids: ctx.accounts.bids.load_mut()?,
asks: ctx.accounts.asks.load_mut()?,

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@ -50,7 +50,7 @@ pub fn perp_liq_negative_pnl_or_bankruptcy(
let liqee_settle_health = liqee_health_cache.perp_settle_health();
liqee_health_cache.require_after_phase2_liquidation()?;
if !liqee.check_liquidatable(&liqee_health_cache)? {
if liqee.check_liquidatable(&liqee_health_cache)? != CheckLiquidatable::Liquidatable {
return Ok(());
}

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@ -4,6 +4,7 @@ use anchor_lang::prelude::*;
pub fn serum3_edit_market(
ctx: Context<Serum3EditMarket>,
reduce_only_opt: Option<bool>,
force_close_opt: Option<bool>,
) -> Result<()> {
let mut serum3_market = ctx.accounts.market.load_mut()?;
@ -24,6 +25,16 @@ pub fn serum3_edit_market(
}
};
if let Some(force_close) = force_close_opt {
msg!(
"Force close: old - {:?}, new - {:?}",
serum3_market.force_close,
u8::from(force_close)
);
serum3_market.force_close = u8::from(force_close);
require_group_admin = true;
};
if require_group_admin {
require!(
group.admin == ctx.accounts.admin.key(),

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@ -51,7 +51,7 @@ pub fn serum3_liq_force_cancel_orders(
}
//
// Check liqee health if liquidation is allowed
// Early return if if liquidation is not allowed or if market is not in force close
//
let mut health_cache = {
let mut account = ctx.accounts.account.load_full_mut()?;
@ -61,17 +61,12 @@ pub fn serum3_liq_force_cancel_orders(
new_health_cache(&account.borrow(), &retriever).context("create health cache")?;
{
let result = account.check_liquidatable(&health_cache);
if account.fixed.is_operational() {
if !result? {
return Ok(());
}
} else {
// Frozen accounts can always have their orders cancelled
if !result.is_anchor_error_with_code(MangoError::HealthMustBeNegative.into()) {
// Propagate unexpected errors
result?;
}
let liquidatable = account.check_liquidatable(&health_cache)?;
if account.fixed.is_operational()
&& liquidatable != CheckLiquidatable::Liquidatable
&& !serum_market.is_force_close()
{
return Ok(());
}
}

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@ -36,6 +36,7 @@ pub fn serum3_register_market(
base_token_index: base_bank.token_index,
quote_token_index: quote_bank.token_index,
reduce_only: 0,
force_close: 0,
padding1: Default::default(),
name: fill_from_str(&name)?,
serum_program: ctx.accounts.serum_program.key(),

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@ -46,7 +46,7 @@ pub fn token_liq_with_token(
let liqee_liq_end_health = liqee_health_cache.health(HealthType::LiquidationEnd);
liqee_health_cache.require_after_phase1_liquidation()?;
if !liqee.check_liquidatable(&liqee_health_cache)? {
if liqee.check_liquidatable(&liqee_health_cache)? != CheckLiquidatable::Liquidatable {
return Ok(());
}

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@ -403,9 +403,10 @@ pub mod mango_v4 {
pub fn serum3_edit_market(
ctx: Context<Serum3EditMarket>,
reduce_only_opt: Option<bool>,
force_close_opt: Option<bool>,
) -> Result<()> {
#[cfg(feature = "enable-gpl")]
instructions::serum3_edit_market(ctx, reduce_only_opt)?;
instructions::serum3_edit_market(ctx, reduce_only_opt, force_close_opt)?;
Ok(())
}

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@ -32,6 +32,15 @@ const BORSH_VEC_PADDING_BYTES: usize = 4;
const BORSH_VEC_SIZE_BYTES: usize = 4;
const DEFAULT_MANGO_ACCOUNT_VERSION: u8 = 1;
// Return variants for check_liquidatable method, should be wrapped in a Result
// for a future possiblity of returning any error
#[derive(PartialEq)]
pub enum CheckLiquidatable {
NotLiquidatable,
Liquidatable,
BecameNotLiquidatable,
}
// Mango Account
// This struct definition is only for clients e.g. typescript, so that they can easily use out of the box
// deserialization and not have to do custom deserialization
@ -1028,7 +1037,7 @@ impl<
Ok(())
}
pub fn check_liquidatable(&mut self, health_cache: &HealthCache) -> Result<bool> {
pub fn check_liquidatable(&mut self, health_cache: &HealthCache) -> Result<CheckLiquidatable> {
// Once maint_health falls below 0, we want to start liquidating,
// we want to allow liquidation to continue until init_health is positive,
// to prevent constant oscillation between the two states
@ -1039,17 +1048,17 @@ impl<
.maybe_recover_from_being_liquidated(liq_end_health)
{
msg!("Liqee init_health above zero");
return Ok(false);
return Ok(CheckLiquidatable::BecameNotLiquidatable);
}
} else {
let maint_health = health_cache.health(HealthType::Maint);
require!(
maint_health < I80F48::ZERO,
MangoError::HealthMustBeNegative
);
if maint_health >= I80F48::ZERO {
msg!("Liqee is not liquidatable");
return Ok(CheckLiquidatable::NotLiquidatable);
}
self.fixed_mut().set_being_liquidated(true);
}
Ok(true)
return Ok(CheckLiquidatable::Liquidatable);
}
// writes length of tokens vec at appropriate offset so that borsh can infer the vector length

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@ -16,7 +16,8 @@ pub struct Serum3Market {
// ABI: Clients rely on this being at offset 42
pub quote_token_index: TokenIndex,
pub reduce_only: u8,
pub padding1: [u8; 3],
pub force_close: u8,
pub padding1: [u8; 2],
pub name: [u8; 16],
pub serum_program: Pubkey,
pub serum_market_external: Pubkey,
@ -48,6 +49,10 @@ impl Serum3Market {
pub fn is_reduce_only(&self) -> bool {
self.reduce_only == 1
}
pub fn is_force_close(&self) -> bool {
self.force_close == 1
}
}
#[account(zero_copy)]

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@ -25,6 +25,7 @@ export class Serum3Market {
marketIndex: number;
registrationTime: BN;
reduceOnly: number;
forceClose: number;
},
): Serum3Market {
return new Serum3Market(
@ -38,6 +39,7 @@ export class Serum3Market {
obj.marketIndex as MarketIndex,
obj.registrationTime,
obj.reduceOnly == 1,
obj.forceClose == 1,
);
}
@ -52,6 +54,7 @@ export class Serum3Market {
public marketIndex: MarketIndex,
public registrationTime: BN,
public reduceOnly: boolean,
public forceClose: boolean,
) {
this.name = utf8.decode(new Uint8Array(name)).split('\x00')[0];
}