#![cfg(feature = "test-bpf")] mod helpers; use helpers::*; use solana_program_test::*; use solana_sdk::{pubkey::Pubkey, signature::Keypair}; use spl_token_lending::{ instruction::BorrowAmountType, math::Decimal, processor::process_instruction, state::INITIAL_COLLATERAL_RATIO, }; const LAMPORTS_TO_SOL: u64 = 1_000_000_000; const FRACTIONAL_TO_USDC: u64 = 1_000_000; #[tokio::test] async fn test_borrow_quote_currency() { // Using SOL/USDC max 3 bids: // $13.988, 300.0 SOL // $13.960, 206.8 SOL // $13.928, 1000.0 SOL // // Collateral amount = 750 * 0.8 (LTV) = 600 SOL // Borrow amount = 13.988 * 300 + 13.960 * 206.8 + 13.928 * 93.2 = 8,381.4176 USDC const SOL_COLLATERAL_AMOUNT_LAMPORTS: u64 = 750 * LAMPORTS_TO_SOL; const USDC_BORROW_AMOUNT_FRACTIONAL: u64 = 8_381_417_600; const INITIAL_USDC_RESERVE_SUPPLY_FRACTIONAL: u64 = 20_000 * FRACTIONAL_TO_USDC; const INITIAL_SOL_RESERVE_SUPPLY_LAMPORTS: u64 = 2 * SOL_COLLATERAL_AMOUNT_LAMPORTS; let mut test = ProgramTest::new( "spl_token_lending", spl_token_lending::id(), processor!(process_instruction), ); // limit to track compute unit increase test.set_bpf_compute_max_units(230_000); let user_accounts_owner = Keypair::new(); let sol_usdc_dex_market = TestDexMarket::setup(&mut test, TestDexMarketPair::SOL_USDC); let usdc_mint = add_usdc_mint(&mut test); let lending_market = add_lending_market(&mut test, usdc_mint.pubkey); let mut reserve_config = TEST_RESERVE_CONFIG; reserve_config.loan_to_value_ratio = 80; let usdc_reserve = add_reserve( &mut test, &user_accounts_owner, &lending_market, AddReserveArgs { liquidity_amount: INITIAL_USDC_RESERVE_SUPPLY_FRACTIONAL, liquidity_mint_pubkey: usdc_mint.pubkey, liquidity_mint_decimals: usdc_mint.decimals, config: reserve_config, ..AddReserveArgs::default() }, ); let sol_reserve = add_reserve( &mut test, &user_accounts_owner, &lending_market, AddReserveArgs { dex_market_pubkey: Some(sol_usdc_dex_market.pubkey), liquidity_amount: INITIAL_SOL_RESERVE_SUPPLY_LAMPORTS, liquidity_mint_pubkey: spl_token::native_mint::id(), liquidity_mint_decimals: 9, config: reserve_config, ..AddReserveArgs::default() }, ); let usdc_obligation = add_obligation( &mut test, &user_accounts_owner, &lending_market, AddObligationArgs { borrow_reserve: &usdc_reserve, collateral_reserve: &sol_reserve, collateral_amount: 0, borrowed_liquidity_wads: Decimal::zero(), }, ); let (mut banks_client, payer, _recent_blockhash) = test.start().await; let borrow_amount = get_token_balance(&mut banks_client, usdc_reserve.user_liquidity_account).await; assert_eq!(borrow_amount, 0); let collateral_supply = get_token_balance(&mut banks_client, sol_reserve.collateral_supply).await; assert_eq!(collateral_supply, 0); let collateral_deposit_amount = INITIAL_COLLATERAL_RATIO * SOL_COLLATERAL_AMOUNT_LAMPORTS; lending_market .borrow( &mut banks_client, &payer, BorrowArgs { deposit_reserve: &sol_reserve, borrow_reserve: &usdc_reserve, dex_market: &sol_usdc_dex_market, borrow_amount_type: BorrowAmountType::CollateralDepositAmount, amount: collateral_deposit_amount, user_accounts_owner: &user_accounts_owner, obligation: &usdc_obligation, }, ) .await; let borrow_amount = get_token_balance(&mut banks_client, usdc_reserve.user_liquidity_account).await; assert_eq!(borrow_amount, USDC_BORROW_AMOUNT_FRACTIONAL); let borrow_fees = TEST_RESERVE_CONFIG .fees .calculate_borrow_fees(collateral_deposit_amount) .unwrap() .0; let collateral_supply = get_token_balance(&mut banks_client, sol_reserve.collateral_supply).await; assert_eq!(collateral_supply, collateral_deposit_amount - borrow_fees); lending_market .borrow( &mut banks_client, &payer, BorrowArgs { deposit_reserve: &sol_reserve, borrow_reserve: &usdc_reserve, dex_market: &sol_usdc_dex_market, borrow_amount_type: BorrowAmountType::LiquidityBorrowAmount, amount: borrow_amount, user_accounts_owner: &user_accounts_owner, obligation: &usdc_obligation, }, ) .await; let borrow_amount = get_token_balance(&mut banks_client, usdc_reserve.user_liquidity_account).await; assert_eq!(borrow_amount, 2 * USDC_BORROW_AMOUNT_FRACTIONAL); let user_collateral_balance = get_token_balance(&mut banks_client, sol_reserve.user_collateral_account).await; assert_eq!(user_collateral_balance, 0); let collateral_deposited = 2 * collateral_deposit_amount; let (total_fee, host_fee) = TEST_RESERVE_CONFIG .fees .calculate_borrow_fees(collateral_deposited) .unwrap(); assert!(total_fee > 0); assert!(host_fee > 0); let collateral_supply = get_token_balance(&mut banks_client, sol_reserve.collateral_supply).await; assert_eq!(collateral_supply, collateral_deposited - total_fee); let fee_balance = get_token_balance(&mut banks_client, sol_reserve.collateral_fees_receiver).await; assert_eq!(fee_balance, total_fee - host_fee); let host_fee_balance = get_token_balance(&mut banks_client, sol_reserve.collateral_host).await; assert_eq!(host_fee_balance, host_fee); } #[tokio::test] async fn test_borrow_base_currency() { // Using SOL/USDC min 2 asks: // $14.074, 4707.1 SOL // $14.055, 1751.7 SOL // $13.989, 12.1 SOL // // Borrow amount = 2000 SOL // Collateral amount = 13.989 * 12.1 + 14.055 * 1751.7 + 14.074 * 236.2 = 28,113.6892 USDC const SOL_BORROW_AMOUNT_LAMPORTS: u64 = 2000 * LAMPORTS_TO_SOL; const USDC_COLLATERAL_LAMPORTS: u64 = 28_113_689_200; const INITIAL_SOL_RESERVE_SUPPLY_LAMPORTS: u64 = 5000 * LAMPORTS_TO_SOL; const INITIAL_USDC_RESERVE_SUPPLY_FRACTIONAL: u64 = 2 * USDC_COLLATERAL_LAMPORTS; let mut test = ProgramTest::new( "spl_token_lending", spl_token_lending::id(), processor!(process_instruction), ); // limit to track compute unit increase test.set_bpf_compute_max_units(230_000); let user_accounts_owner = Keypair::new(); let sol_usdc_dex_market = TestDexMarket::setup(&mut test, TestDexMarketPair::SOL_USDC); let usdc_mint = add_usdc_mint(&mut test); let lending_market = add_lending_market(&mut test, usdc_mint.pubkey); let mut reserve_config = TEST_RESERVE_CONFIG; reserve_config.loan_to_value_ratio = 100; let usdc_reserve = add_reserve( &mut test, &user_accounts_owner, &lending_market, AddReserveArgs { liquidity_amount: INITIAL_USDC_RESERVE_SUPPLY_FRACTIONAL, liquidity_mint_pubkey: usdc_mint.pubkey, liquidity_mint_decimals: usdc_mint.decimals, config: reserve_config, ..AddReserveArgs::default() }, ); let sol_reserve = add_reserve( &mut test, &user_accounts_owner, &lending_market, AddReserveArgs { dex_market_pubkey: Some(sol_usdc_dex_market.pubkey), liquidity_amount: INITIAL_SOL_RESERVE_SUPPLY_LAMPORTS, liquidity_mint_pubkey: spl_token::native_mint::id(), liquidity_mint_decimals: 9, config: reserve_config, ..AddReserveArgs::default() }, ); let sol_obligation = add_obligation( &mut test, &user_accounts_owner, &lending_market, AddObligationArgs { borrow_reserve: &sol_reserve, collateral_reserve: &usdc_reserve, collateral_amount: 0, borrowed_liquidity_wads: Decimal::zero(), }, ); let (mut banks_client, payer, _recent_blockhash) = test.start().await; let borrow_amount = get_token_balance(&mut banks_client, sol_reserve.user_liquidity_account).await; assert_eq!(borrow_amount, 0); let collateral_supply = get_token_balance(&mut banks_client, usdc_reserve.collateral_supply).await; assert_eq!(collateral_supply, 0); let collateral_deposit_amount = INITIAL_COLLATERAL_RATIO * USDC_COLLATERAL_LAMPORTS; lending_market .borrow( &mut banks_client, &payer, BorrowArgs { deposit_reserve: &usdc_reserve, borrow_reserve: &sol_reserve, dex_market: &sol_usdc_dex_market, borrow_amount_type: BorrowAmountType::CollateralDepositAmount, amount: collateral_deposit_amount, user_accounts_owner: &user_accounts_owner, obligation: &sol_obligation, }, ) .await; let borrow_amount = get_token_balance(&mut banks_client, sol_reserve.user_liquidity_account).await; assert_eq!(borrow_amount, SOL_BORROW_AMOUNT_LAMPORTS); let borrow_fees = TEST_RESERVE_CONFIG .fees .calculate_borrow_fees(collateral_deposit_amount) .unwrap() .0; let collateral_supply = get_token_balance(&mut banks_client, usdc_reserve.collateral_supply).await; assert_eq!(collateral_supply, collateral_deposit_amount - borrow_fees); lending_market .borrow( &mut banks_client, &payer, BorrowArgs { deposit_reserve: &usdc_reserve, borrow_reserve: &sol_reserve, dex_market: &sol_usdc_dex_market, borrow_amount_type: BorrowAmountType::LiquidityBorrowAmount, amount: borrow_amount, user_accounts_owner: &user_accounts_owner, obligation: &sol_obligation, }, ) .await; let borrow_amount = get_token_balance(&mut banks_client, sol_reserve.user_liquidity_account).await; assert_eq!(borrow_amount, 2 * SOL_BORROW_AMOUNT_LAMPORTS); let (mut total_fee, mut host_fee) = TEST_RESERVE_CONFIG .fees .calculate_borrow_fees(collateral_deposit_amount) .unwrap(); // avoid rounding error by assessing fees individually total_fee *= 2; host_fee *= 2; assert!(total_fee > 0); assert!(host_fee > 0); let collateral_supply = get_token_balance(&mut banks_client, usdc_reserve.collateral_supply).await; assert_eq!(collateral_supply, 2 * collateral_deposit_amount - total_fee); let fee_balance = get_token_balance(&mut banks_client, usdc_reserve.collateral_fees_receiver).await; assert_eq!(fee_balance, total_fee - host_fee); let host_fee_balance = get_token_balance(&mut banks_client, usdc_reserve.collateral_host).await; assert_eq!(host_fee_balance, host_fee); }