use anchor_lang::prelude::*;
use anchor_spl::token::Mint;
use fix::prelude::*;
use pyth_solana_receiver_sdk::price_update::PriceUpdateV2;
use super::{validate_stability_thresholds, ExchangeContext};
use crate::conversion::{ExoConversion, ExoRebalanceConversion};
use crate::error::CoreError::{
ExoDestinationCollateral, ExoDestinationStablecoin, LevercoinNav,
};
use crate::exchange_math::collateral_ratio;
use crate::fee_controller::{FeeController, FeeExtract, LevercoinFees};
use crate::fee_curves::{mint_fee_curve, redeem_fee_curve};
use crate::interpolated_fees::{
InterpolatedFeeController, InterpolatedMintFees, InterpolatedRedeemFees,
};
use crate::pyth::{query_pyth_oracle, OracleConfig, OraclePrice, PriceRange};
use crate::rebalance_pricing::{
RebalanceCurveConfig, RebalancePriceController,
};
use crate::solana_clock::SolanaClock;
use crate::stability_mode::{StabilityController, StabilityMode};
use crate::virtual_stablecoin::VirtualStablecoin;
pub struct ExoExchangeContext<C> {
pub clock: C,
pub total_collateral: UFix64<N9>,
pub collateral_oracle: OraclePrice,
pub collateral_usd_price: PriceRange<N9>,
pub virtual_stablecoin: VirtualStablecoin,
levercoin_supply: Option<UFix64<N6>>,
collateral_ratio: UFix64<N9>,
stability_mode: StabilityMode,
pub stability_controller: StabilityController,
levercoin_fees: LevercoinFees,
stablecoin_mint_fees: InterpolatedMintFees,
stablecoin_redeem_fees: InterpolatedRedeemFees,
sell_curve_config: RebalanceCurveConfig,
buy_curve_config: RebalanceCurveConfig,
}
impl<C: SolanaClock> ExchangeContext for ExoExchangeContext<C> {
fn total_collateral(&self) -> UFix64<N9> {
self.total_collateral
}
fn collateral_usd_price(&self) -> PriceRange<N9> {
self.collateral_usd_price
}
fn collateral_oracle_price(&self) -> OraclePrice {
self.collateral_oracle
}
fn sell_curve_config(&self) -> &RebalanceCurveConfig {
&self.sell_curve_config
}
fn buy_curve_config(&self) -> &RebalanceCurveConfig {
&self.buy_curve_config
}
fn virtual_stablecoin_supply(&self) -> Result<UFix64<N6>> {
self.virtual_stablecoin.supply()
}
fn levercoin_supply(&self) -> Result<UFix64<N6>> {
self.levercoin_supply.ok_or(LevercoinNav.into())
}
fn stability_controller(&self) -> &StabilityController {
&self.stability_controller
}
fn stability_mode(&self) -> StabilityMode {
self.stability_mode
}
fn collateral_ratio(&self) -> UFix64<N9> {
self.collateral_ratio
}
fn levercoin_fees(&self) -> &LevercoinFees {
&self.levercoin_fees
}
}
impl<C: SolanaClock> ExoExchangeContext<C> {
#[allow(clippy::too_many_arguments)]
pub fn load(
clock: C,
total_collateral: UFix64<N9>,
stability_threshold_1: UFix64<N2>,
oracle_config: OracleConfig,
levercoin_fees: LevercoinFees,
collateral_usd_pyth_feed: &PriceUpdateV2,
virtual_stablecoin: VirtualStablecoin,
levercoin_mint: Option<&Mint>,
sell_curve_config: RebalanceCurveConfig,
buy_curve_config: RebalanceCurveConfig,
) -> Result<ExoExchangeContext<C>> {
let collateral_oracle =
query_pyth_oracle(&clock, collateral_usd_pyth_feed, oracle_config)?;
let collateral_usd_price = collateral_oracle.price_range()?;
let stablecoin_mint_fees = InterpolatedMintFees::new(mint_fee_curve()?);
let stablecoin_redeem_fees =
InterpolatedRedeemFees::new(redeem_fee_curve()?);
let stability_threshold_2 = stablecoin_redeem_fees.cr_floor()?;
validate_stability_thresholds(
stability_threshold_1,
stability_threshold_2,
)?;
let stability_controller =
StabilityController::new(stability_threshold_1, stability_threshold_2)?;
let levercoin_supply = levercoin_mint.map(|m| UFix64::new(m.supply));
let stablecoin_supply = virtual_stablecoin.supply()?;
let collateral_ratio = collateral_ratio(
total_collateral,
collateral_usd_price.lower,
stablecoin_supply,
)?;
let stability_mode =
stability_controller.stability_mode(collateral_ratio)?;
Ok(ExoExchangeContext {
clock,
total_collateral,
collateral_oracle,
collateral_usd_price,
virtual_stablecoin,
levercoin_supply,
collateral_ratio,
stability_mode,
stability_controller,
levercoin_fees,
stablecoin_mint_fees,
stablecoin_redeem_fees,
sell_curve_config,
buy_curve_config,
})
}
pub fn stablecoin_mint_fee(
&self,
collateral_amount: UFix64<N9>,
) -> Result<FeeExtract<N9>> {
let new_total = self
.total_collateral
.checked_add(&collateral_amount)
.ok_or(ExoDestinationCollateral)?;
let stablecoin_minted = self
.exo_conversion()
.exo_to_token(collateral_amount, self.stablecoin_nav()?)?;
let new_stablecoin = stablecoin_minted
.checked_add(&self.virtual_stablecoin_supply()?)
.ok_or(ExoDestinationStablecoin)?;
let projected_cr = collateral_ratio(
new_total,
self.collateral_usd_price.lower,
new_stablecoin,
)?;
self
.stablecoin_mint_fees
.apply_fee(projected_cr, collateral_amount)
}
pub fn stablecoin_redeem_fee(
&self,
collateral_amount: UFix64<N9>,
) -> Result<FeeExtract<N9>> {
let new_total = self
.total_collateral
.checked_sub(&collateral_amount)
.ok_or(ExoDestinationCollateral)?;
let stablecoin_redeemed = self
.exo_conversion()
.exo_to_token(collateral_amount, self.stablecoin_nav()?)?;
let new_stablecoin = self
.virtual_stablecoin_supply()?
.checked_sub(&stablecoin_redeemed)
.ok_or(ExoDestinationStablecoin)?;
let projected_cr = collateral_ratio(
new_total,
self.collateral_usd_price.lower,
new_stablecoin,
)?;
self
.stablecoin_redeem_fees
.apply_fee(projected_cr, collateral_amount)
}
pub fn levercoin_mint_fee(
&self,
collateral_amount: UFix64<N9>,
) -> Result<FeeExtract<N9>> {
let new_total = self
.total_collateral
.checked_add(&collateral_amount)
.ok_or(ExoDestinationCollateral)?;
let projected = self
.projected_stability_mode(new_total, self.virtual_stablecoin_supply()?)?;
let mode = self.select_stability_mode_for_fees(projected);
let fee = self.levercoin_fees.mint_fee(mode)?;
FeeExtract::new(fee, collateral_amount)
}
pub fn levercoin_redeem_fee(
&self,
collateral_amount: UFix64<N9>,
) -> Result<FeeExtract<N9>> {
let new_total = self
.total_collateral
.checked_sub(&collateral_amount)
.ok_or(ExoDestinationCollateral)?;
let projected = self
.projected_stability_mode(new_total, self.virtual_stablecoin_supply()?)?;
let mode = self.select_stability_mode_for_fees(projected);
let fee = self.levercoin_fees.redeem_fee(mode)?;
FeeExtract::new(fee, collateral_amount)
}
#[must_use]
pub fn exo_conversion(&self) -> ExoConversion {
ExoConversion {
collateral_usd_price: self.collateral_usd_price,
}
}
pub fn rebalance_sell_conversion(
&self,
usdc_usd_price: PriceRange<N9>,
) -> Result<ExoRebalanceConversion> {
let curve = self.rebalance_sell_curve()?;
let collateral_rebalance_usd_price =
curve.price(self.collateral_ratio())?;
Ok(ExoRebalanceConversion {
collateral_rebalance_usd_price,
usdc_usd_price,
})
}
pub fn rebalance_buy_conversion(
&self,
usdc_usd_price: PriceRange<N9>,
) -> Result<ExoRebalanceConversion> {
let curve = self.rebalance_buy_curve()?;
let collateral_rebalance_usd_price =
curve.price(self.collateral_ratio())?;
Ok(ExoRebalanceConversion {
collateral_rebalance_usd_price,
usdc_usd_price,
})
}
}