mango-v4/ts/client/scripts/update-risk-params.ts

301 lines
8.6 KiB
TypeScript

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