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listing fixes (#678) 

* remove listing tools

* adjust stalness slots in trustless instruction
This commit is contained in:
Adrian Brzeziński 2023-08-15 13:33:48 +02:00 committed by GitHub
parent 1dd934f8ad
commit 27097faa2f
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2 changed files with 1 additions and 206 deletions
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2
programs/mango-v4/src/instructions/token_register_trustless.rs
View File

@ -32,7 +32,7 @@ pub fn token_register_trustless(
oracle: ctx.accounts.oracle.key(),
oracle_config: OracleConfig {
conf_filter: I80F48::from_num(0.10),
max_staleness_slots: 600,
max_staleness_slots: 10000,
reserved: [0; 72],
},
stable_price_model: StablePriceModel::default(),

205
ts/client/src/utils/listingTools.ts
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@ -1,205 +0,0 @@
import { toNative } from '../utils';
const PREMIUM_LISTING = {
maxStalenessSlots: 120 as number | null,
oracleConfFilter: 0.1,
adjustmentFactor: 0.004,
util0: 0.5,
rate0: 0.052,
util1: 0.8,
rate1: 0.1446,
maxRate: 1.4456,
loanFeeRate: 0.005,
loanOriginationFeeRate: 0.001,
maintAssetWeight: 0.9,
initAssetWeight: 0.8,
maintLiabWeight: 1.1,
initLiabWeight: 1.2,
liquidationFee: 0.05,
minVaultToDepositsRatio: 0.2,
netBorrowLimitWindowSizeTs: 24 * 60 * 60,
netBorrowLimitPerWindowQuote: toNative(50000, 6).toNumber(),
insuranceFound: true,
borrowWeightScale: toNative(250000, 6).toNumber(),
depositWeightScale: toNative(250000, 6).toNumber(),
preset_name: 'Blue chip',
preset_key: 'PREMIUM',
preset_target_amount: 100000,
};
export type ListingPreset = typeof PREMIUM_LISTING;
export type LISTING_PRESETS_KEYS =
| 'PREMIUM'
| 'MID'
| 'MEME'
| 'SHIT'
| 'UNTRUSTED';
export const LISTING_PRESETS: {
[key in LISTING_PRESETS_KEYS]: ListingPreset | Record<string, never>;
} = {
//Price impact on $100,000 swap lower then 1%
PREMIUM: {
...PREMIUM_LISTING,
},
//Price impact on $20,000 swap lower then 1%
MID: {
...PREMIUM_LISTING,
maintAssetWeight: 0.75,
initAssetWeight: 0.5,
maintLiabWeight: 1.2,
initLiabWeight: 1.4,
liquidationFee: 0.1,
netBorrowLimitPerWindowQuote: toNative(20000, 6).toNumber(),
borrowWeightScale: toNative(50000, 6).toNumber(),
depositWeightScale: toNative(50000, 6).toNumber(),
insuranceFound: false,
preset_name: 'Midwit',
preset_key: 'MID',
preset_target_amount: 20000,
},
//Price impact on $5,000 swap lower then 1%
MEME: {
...PREMIUM_LISTING,
maxStalenessSlots: 800,
loanOriginationFeeRate: 0.002,
maintAssetWeight: 0,
initAssetWeight: 0,
maintLiabWeight: 1.25,
initLiabWeight: 1.5,
liquidationFee: 0.125,
netBorrowLimitPerWindowQuote: toNative(5000, 6).toNumber(),
borrowWeightScale: toNative(20000, 6).toNumber(),
depositWeightScale: toNative(20000, 6).toNumber(),
insuranceFound: false,
preset_name: 'Meme Coin',
preset_key: 'MEME',
preset_target_amount: 5000,
},
//Price impact on $1,000 swap lower then 1%
SHIT: {
...PREMIUM_LISTING,
maxStalenessSlots: 800,
loanOriginationFeeRate: 0.002,
maintAssetWeight: 0,
initAssetWeight: 0,
maintLiabWeight: 1.4,
initLiabWeight: 1.8,
liquidationFee: 0.2,
netBorrowLimitPerWindowQuote: toNative(1000, 6).toNumber(),
borrowWeightScale: toNative(5000, 6).toNumber(),
depositWeightScale: toNative(5000, 6).toNumber(),
insuranceFound: false,
preset_name: 'Shit Coin',
preset_key: 'SHIT',
preset_target_amount: 1000,
},
//should run untrusted instruction
UNTRUSTED: {},
};
export type MarketTradingParams = {
baseLots: number;
quoteLots: number;
minOrderValue: number;
baseLotExponent: number;
quoteLotExponent: number;
minOrderSize: number;
priceIncrement: number;
priceIncrementRelative: number;
};
// definitions:
// baseLots = 10 ^ baseLotExponent
// quoteLots = 10 ^ quoteLotExponent
// minOrderSize = 10^(baseLotExponent - baseDecimals)
// minOrderValue = basePrice * minOrderSize
// priceIncrement = 10^(quoteLotExponent + baseDecimals - baseLotExponent - quoteDecimals)
// priceIncrementRelative = priceIncrement * quotePrice / basePrice
// derive: baseLotExponent <= min[ basePrice * minOrderSize > 0.05]
// baseLotExponent = 10
// While (baseLotExponent < 10):
// minOrderSize = 10^(baseLotExponent - baseDecimals)
// minOrderValue = basePrice * minOrderSize
// if minOrderValue > 0.05:
// break;
// Derive: quoteLotExponent <= min[ priceIncrement * quotePrice / basePrice > 0.000025 ]
// quoteLotExponent = 0
// While (quoteLotExponent < 10):
// priceIncrement = 10^(quoteLotExponent + baseDecimals - baseLotExponent - quoteDecimals)
// priceIncrementRelative = priceIncrement * quotePrice / basePrice
// if priceIncrementRelative > 0.000025:
// break;
export const calculateMarketTradingParams = (
basePrice: number,
quotePrice: number,
baseDecimals: number,
quoteDecimals: number,
): MarketTradingParams => {
const MAX_MIN_ORDER_VALUE = 0.05;
const MIN_PRICE_INCREMENT_RELATIVE = 0.000025;
const EXPONENT_THRESHOLD = 10;
let minOrderSize = 0;
let priceIncrement = 0;
let baseLotExponent = 0;
let quoteLotExponent = 0;
let minOrderValue = 0;
let priceIncrementRelative = 0;
// Calculate minimum order size
do {
minOrderSize = Math.pow(10, baseLotExponent - baseDecimals);
minOrderValue = basePrice * minOrderSize;
if (minOrderValue > MAX_MIN_ORDER_VALUE) {
break;
}
baseLotExponent++;
} while (baseLotExponent < EXPONENT_THRESHOLD);
// Calculate price increment
do {
priceIncrement = Math.pow(
10,
quoteLotExponent + baseDecimals - baseLotExponent - quoteDecimals,
);
priceIncrementRelative = (priceIncrement * quotePrice) / basePrice;
if (priceIncrementRelative > MIN_PRICE_INCREMENT_RELATIVE) {
break;
}
quoteLotExponent++;
} while (quoteLotExponent < EXPONENT_THRESHOLD);
//exception override values in that case example eth/btc market
if (
quoteLotExponent === 0 &&
priceIncrementRelative > 0.001 &&
minOrderSize < 1
) {
baseLotExponent = baseLotExponent + 1;
minOrderSize = Math.pow(10, baseLotExponent - baseDecimals);
minOrderValue = basePrice * minOrderSize;
priceIncrement = Math.pow(
10,
quoteLotExponent + baseDecimals - baseLotExponent - quoteDecimals,
);
priceIncrementRelative = (priceIncrement * quotePrice) / basePrice;
}
return {
baseLots: Math.pow(10, baseLotExponent),
quoteLots: Math.pow(10, quoteLotExponent),
minOrderValue: minOrderValue,
baseLotExponent: baseLotExponent,
quoteLotExponent: quoteLotExponent,
minOrderSize: minOrderSize,
priceIncrement: priceIncrement,
priceIncrementRelative: priceIncrementRelative,
};
};