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2 changes: 1 addition & 1 deletion programs/drift/src/controller/liquidation.rs
Original file line number Diff line number Diff line change
Expand Up @@ -798,7 +798,7 @@ pub fn liquidate_perp_with_fill(
perp_market_map,
spot_market_map,
oracle_map,
MarginContext::liquidation(liquidation_margin_buffer_ratio)
MarginContext::fill_liquidation(liquidation_margin_buffer_ratio)
.track_market_margin_requirement(MarketIdentifier::perp(market_index))?,
)?;

Expand Down
1 change: 1 addition & 0 deletions programs/drift/src/math/margin.rs
Original file line number Diff line number Diff line change
Expand Up @@ -36,6 +36,7 @@ pub enum MarginRequirementType {
Initial,
Fill,
Maintenance,
LiqMaintenance
}

pub fn calculate_size_premium_liability_weight(
Expand Down
19 changes: 18 additions & 1 deletion programs/drift/src/state/margin_calculation.rs
Original file line number Diff line number Diff line change
Expand Up @@ -138,7 +138,7 @@ impl MarginContext {
self
}

pub fn liquidation(margin_buffer: u32) -> Self {
pub fn fill_liquidation(margin_buffer: u32) -> Self {
Self {
margin_type: MarginRequirementType::Maintenance,
mode: MarginCalculationMode::Liquidation {
Expand All @@ -155,6 +155,23 @@ impl MarginContext {
}
}

pub fn liquidation(margin_buffer: u32) -> Self {
Self {
margin_type: MarginRequirementType::LiqMaintenance,
mode: MarginCalculationMode::Liquidation {
market_to_track_margin_requirement: None,
},
margin_buffer: margin_buffer as u128,
strict: false,
ignore_invalid_deposit_oracles: false,
fuel_bonus_numerator: 0,
fuel_bonus: 0,
fuel_perp_delta: None,
fuel_spot_deltas: [(0, 0); 2],
margin_ratio_override: None,
}
}

pub fn track_market_margin_requirement(
mut self,
market_identifier: MarketIdentifier,
Expand Down
7 changes: 4 additions & 3 deletions programs/drift/src/state/perp_market.rs
Original file line number Diff line number Diff line change
Expand Up @@ -470,6 +470,7 @@ impl PerpMarket {
margin_ratio_initial.safe_add(margin_ratio_maintenance)? / 2
}
MarginRequirementType::Maintenance => margin_ratio_maintenance,
MarginRequirementType::LiqMaintenance => margin_ratio_maintenance.saturating_sub(margin_ratio_maintenance / 3),
};

let size_adj_margin_ratio = calculate_size_premium_liability_weight(
Expand All @@ -490,7 +491,7 @@ impl PerpMarket {
let margin_ratio = (self.high_leverage_margin_ratio_maintenance as u32)
.saturating_mul(LIQUIDATION_FEE_TO_MARGIN_PRECISION_RATIO);
self.liquidator_fee
.min(margin_ratio.saturating_sub(margin_ratio / 5))
.min(margin_ratio.saturating_sub(margin_ratio / 3))
} else {
self.liquidator_fee
}
Expand All @@ -514,7 +515,7 @@ impl PerpMarket {
MarginRequirementType::Initial | MarginRequirementType::Fill => {
self.unrealized_pnl_initial_asset_weight
}
MarginRequirementType::Maintenance => self.unrealized_pnl_maintenance_asset_weight,
MarginRequirementType::Maintenance | MarginRequirementType::LiqMaintenance => self.unrealized_pnl_maintenance_asset_weight,
};

if margin_asset_weight > 0
Expand Down Expand Up @@ -559,7 +560,7 @@ impl PerpMarket {
0
}
}
MarginRequirementType::Maintenance => self.unrealized_pnl_maintenance_asset_weight,
MarginRequirementType::Maintenance | MarginRequirementType::LiqMaintenance => self.unrealized_pnl_maintenance_asset_weight,
}
} else {
SPOT_WEIGHT_PRECISION
Expand Down
4 changes: 4 additions & 0 deletions programs/drift/src/state/spot_market.rs
Original file line number Diff line number Diff line change
Expand Up @@ -361,6 +361,7 @@ impl SpotMarket {
/ 2
}
MarginRequirementType::Maintenance => self.maintenance_asset_weight,
MarginRequirementType::LiqMaintenance => self.maintenance_asset_weight,
};

let size_based_asset_weight = calculate_size_discount_asset_weight(
Expand Down Expand Up @@ -419,6 +420,8 @@ impl SpotMarket {
/ 2
}
MarginRequirementType::Maintenance => self.maintenance_liability_weight,
MarginRequirementType::LiqMaintenance => self.maintenance_liability_weight,

};

let size_based_liability_weight = calculate_size_premium_liability_weight(
Expand All @@ -442,6 +445,7 @@ impl SpotMarket {
MarginRequirementType::Initial => self.initial_liability_weight,
MarginRequirementType::Fill => return Err(ErrorCode::DefaultError),
MarginRequirementType::Maintenance => self.maintenance_liability_weight,
MarginRequirementType::LiqMaintenance => self.maintenance_liability_weight,
};
liability_weight.safe_sub(MARGIN_PRECISION)
}
Expand Down
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