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| 1 | +const ADDRESSES = require('../helper/coreAssets.json') |
| 2 | + |
| 3 | +const { queryAddresses, sumTokens } = require('../helper/chain/radixdlt'); |
| 4 | + |
| 5 | +const STAB_COMPONENT = "component_rdx1cq70cjajtvllgk9z9wm9l8v6w8hsgtlw530cdgpraxprn4yevg89kf"; |
| 6 | +const STAB_XRD_POOL_XRD_VAULT = "internal_vault_rdx1trk04c3sxffatj5h78w3266c8q07cvjlgq0zx44sask8wsam4q8rup"; |
| 7 | +const ORACLE_COMPONENT = "component_rdx1cq7zsdqfh0mcwnutrevkz6wtml0vnav5fcmtf7rksmhk48urkyjg9c"; |
| 8 | + |
| 9 | +async function tvl(api) { |
| 10 | + //get the token amounts of collaterals used in the STAB Protocol |
| 11 | + const stabComponentTokens = await sumTokens({ owners: [STAB_COMPONENT], api }) |
| 12 | + const xrdAmount = stabComponentTokens['radixdlt:resource_rdx1tknxxxxxxxxxradxrdxxxxxxxxx009923554798xxxxxxxxxradxrd'] |
| 13 | + const lsuLpAmount = stabComponentTokens['radixdlt:resource_rdx1thksg5ng70g9mmy9ne7wz0sc7auzrrwy7fmgcxzel2gvp8pj0xxfmf'] |
| 14 | + |
| 15 | + //calculate value of LSULP against XRD to get accurate price data |
| 16 | + const [{ details: { state } }] = await queryAddresses({ addresses: [ORACLE_COMPONENT] } ) |
| 17 | + const xrdPrice = state.fields[0].elements[0].fields[1].value |
| 18 | + const lsuLpPrice = state.fields[0].elements[1].fields[1].value |
| 19 | + const lsuLpMultiplier = lsuLpPrice / xrdPrice |
| 20 | + |
| 21 | + //add XRD and LSULP values to tvl |
| 22 | + api.add('resource_rdx1tknxxxxxxxxxradxrdxxxxxxxxx009923554798xxxxxxxxxradxrd', xrdAmount + lsuLpAmount * lsuLpMultiplier) |
| 23 | + |
| 24 | + //get the amount of XRD in the protocol native STAB/XRD pool (with 50/50 weights) |
| 25 | + const stabXrdPoolXrdVault = await queryAddresses({ addresses: [STAB_XRD_POOL_XRD_VAULT] }); |
| 26 | + const xrdAmountPool = stabXrdPoolXrdVault[0].details.balance.amount; |
| 27 | + |
| 28 | + //add only XRD value of pool to tvl (STAB value is excluded as backing of STAB tokens are already included in tvl) |
| 29 | + api.add('resource_rdx1tknxxxxxxxxxradxrdxxxxxxxxx009923554798xxxxxxxxxradxrd', xrdAmountPool) |
| 30 | +} |
| 31 | + |
| 32 | +module.exports = { |
| 33 | + methodology: 'Calculates TVL using the amount of collateral locked to borrow STAB using CDPs, and amount of STAB and XRD locked in the protocol-native STAB/XRD pool.', |
| 34 | + radixdlt: { tvl }, |
| 35 | + misrepresentedTokens: true, |
| 36 | + timetravel: false, |
| 37 | +}; |
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