use super::pda;
use crate::chain::ix::{
ASSOCIATED_TOKEN_PROGRAM_ID, SYSTEM_PROGRAM_ID, TOKEN_2022_PROGRAM_ID, TOKEN_PROGRAM_ID,
derive_associated_token_address as ata,
};
use crate::{
PositionType,
chain::{ChainError, MarketInfo, PositionInfo, PositionStatus},
};
use solana_sdk::{
instruction::{AccountMeta, Instruction},
pubkey::Pubkey,
};
pub fn build_settle_position_ix(
program_id: Pubkey,
maker_owner: Pubkey,
position: &PositionInfo,
market: &MarketInfo,
) -> Result<Instruction, ChainError> {
if position.side.is_taker_buy() {
return Err(ChainError::TakerBuyUnsupported);
}
if position.terms.is_spread() {
if position.maker_owner != maker_owner {
return Err(ChainError::Identity("wallet maker owner"));
}
return crate::chain::spreads::build_cash_settle_ix(
program_id,
maker_owner,
position,
market,
);
}
if position.flags & !3 != 0 || position.flags2 != 0 || position.flags3 != 0 {
return Err(ChainError::InvalidAccountData);
}
if position.maker_owner != maker_owner || position.flags & 2 != 0 {
return Err(ChainError::Identity("wallet maker owner"));
}
let market_pda = crate::quote::market_pda(
&program_id,
&market.underlying_mint,
&market.quote_mint,
market.expiry_ts,
market.is_put,
);
if market_pda != position.market_pda {
return Err(ChainError::Identity("position market"));
}
if !market.is_finalized
|| market.is_put != (position.terms.position_type() == PositionType::CashSecuredPut)
{
return Err(ChainError::InvalidSettlementState);
}
for program in [
market.underlying_token_program_id,
market.quote_token_program_id,
] {
if program != TOKEN_PROGRAM_ID && program != TOKEN_2022_PROGRAM_ID {
return Err(ChainError::InvalidAccountData);
}
}
let otm = if market.is_put {
market.settlement_price >= position.terms.strike().value()
} else {
market.settlement_price <= position.terms.strike().value()
};
let open = position.status == PositionStatus::Open;
if position.status != PositionStatus::Funded && !(otm && open) {
return Err(ChainError::InvalidSettlementState);
}
let underlying = (market.underlying_mint, market.underlying_token_program_id);
let quote = (market.quote_mint, market.quote_token_program_id);
let (collateral, settlement) = if market.is_put {
(quote, underlying)
} else {
(underlying, quote)
};
let (writer, holder) = if otm {
(collateral, settlement)
} else {
(settlement, collateral)
};
let position_pda = pda::position(&program_id, position.order_id.as_bytes()).0;
let mut accounts = vec![
AccountMeta::new(maker_owner, true),
AccountMeta::new(position_pda, false),
AccountMeta::new(market_pda, false),
AccountMeta::new(ata(&position_pda, &collateral.0, &collateral.1), false),
if open {
AccountMeta::new_readonly(SYSTEM_PROGRAM_ID, false)
} else {
AccountMeta::new(ata(&position_pda, &settlement.0, &settlement.1), false)
},
AccountMeta::new(ata(&position.taker_owner, &writer.0, &writer.1), false),
if open {
AccountMeta::new_readonly(ASSOCIATED_TOKEN_PROGRAM_ID, false)
} else {
AccountMeta::new(ata(&maker_owner, &holder.0, &holder.1), false)
},
AccountMeta::new_readonly(underlying.1, false),
AccountMeta::new_readonly(quote.1, false),
];
if position.flags & 1 != 0 {
accounts.extend([
AccountMeta::new_readonly(underlying.0, false),
AccountMeta::new_readonly(quote.0, false),
AccountMeta::new(position.taker_owner, false),
]);
}
Ok(Instruction {
program_id,
accounts,
data: vec![10, 0],
})
}
pub fn settle_position_sequence(
program_id: Pubkey,
maker_owner: Pubkey,
position: &PositionInfo,
market: &MarketInfo,
) -> Result<Vec<Instruction>, ChainError> {
if position.side.is_taker_buy() {
return Err(ChainError::TakerBuyUnsupported);
}
if position.terms.is_spread() {
if position.maker_owner != maker_owner {
return Err(ChainError::Identity("wallet maker owner"));
}
return crate::chain::spreads::cash_settle_sequence(
program_id,
maker_owner,
position,
market,
);
}
let settle = build_settle_position_ix(program_id, maker_owner, position, market)?;
let mut instructions = Vec::with_capacity(3);
if position.status == PositionStatus::Funded {
let otm = if market.is_put {
market.settlement_price >= position.terms.strike().value()
} else {
market.settlement_price <= position.terms.strike().value()
};
let underlying = (market.underlying_mint, market.underlying_token_program_id);
let quote = (market.quote_mint, market.quote_token_program_id);
let (writer, holder) = if market.is_put == otm {
(quote, underlying)
} else {
(underlying, quote)
};
if position.flags & 1 == 0 {
instructions.push(super::lifecycle::create_destination_ata(
maker_owner,
position.taker_owner,
writer.0,
writer.1,
));
}
instructions.push(super::lifecycle::create_destination_ata(
maker_owner,
maker_owner,
holder.0,
holder.1,
));
}
instructions.push(settle);
Ok(instructions)
}
#[cfg(feature = "chain-rpc")]
impl crate::chain::ChainClient {
pub async fn build_settle_position(
&self,
maker_owner: Pubkey,
position_pda: Pubkey,
) -> Result<Instruction, ChainError> {
let (position, market) = self.settlement_snapshots(position_pda).await?;
build_settle_position_ix(self.program_id(), maker_owner, &position, &market)
}
pub async fn settle_position_sequence(
&self,
maker_owner: Pubkey,
position_pda: Pubkey,
) -> Result<Vec<Instruction>, ChainError> {
let (position, market) = self.settlement_snapshots(position_pda).await?;
settle_position_sequence(self.program_id(), maker_owner, &position, &market)
}
async fn settlement_snapshots(
&self,
position_pda: Pubkey,
) -> Result<(PositionInfo, MarketInfo), ChainError> {
let position = self.fetch_position_info(&position_pda).await?;
if pda::position(&self.program_id(), position.order_id.as_bytes()).0 != position_pda {
return Err(ChainError::Identity("position PDA"));
}
let market = self.fetch_market_info(&position.market_pda).await?;
Ok((position, market))
}
}