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Applying APY calculation correction #1867

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Applying APY calculation correction #1867

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23 changes: 12 additions & 11 deletions src/adaptors/usual/index.js
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Original file line number Diff line number Diff line change
Expand Up @@ -27,13 +27,14 @@ const CONFIG = {
DAO_PROJECTED_WEEKLY_REVENUE: 500000,
WEEKS_PER_YEAR: 52,
USUALX_BALANCES_BLACKLIST: [
'0x86E2a16A5aBC67467Ce502e3Dab511c909C185A8', // Pendle SY
'0xF9F7ee120E4Ce2b4500611952Df8C7470Af09816', // Uniswap USUALx/USUAL
'0x36dee1e8B4679c67d73C8361E943C3401aD77FE3', // Uniswap USUALx/USD0
'0xDe4b4eaF83b678017E1b3C455117E752fE4e70eA', // Uniswap USUALx/USDT
'0x06B964d96f5dCF7Eae9d7C559B09EDCe244d4B8E', // USUALx dead shares
'0x86E2a16A5aBC67467Ce502e3Dab511c909C185A8',
'0xF9F7ee120E4Ce2b4500611952Df8C7470Af09816',
'0x36dee1e8B4679c67d73C8361E943C3401aD77FE3',
'0xDe4b4eaF83b678017E1b3C455117E752fE4e70eA',
'0x06B964d96f5dCF7Eae9d7C559B09EDCe244d4B8E',
],
};

async function getTokenSupply(chain, address) {
const params = {
chain: chain.toLowerCase(),
Expand All @@ -43,6 +44,7 @@ async function getTokenSupply(chain, address) {
const { output } = await sdk.api.abi.call(params);
return output / CONFIG.SCALAR;
}

async function getTokenBalance(chain, address, user) {
const params = {
target: address,
Expand All @@ -54,6 +56,7 @@ async function getTokenBalance(chain, address, user) {
const { output } = await sdk.api.abi.call(params);
return output / CONFIG.SCALAR;
}

async function getTokenPrice(chain, address) {
const priceKey = `${chain.toLowerCase()}:${address}`;
const { data } = await axios.get(`${CONFIG.URLS.LLAMA_PRICE}${priceKey}`);
Expand Down Expand Up @@ -84,13 +87,15 @@ async function getChainData(chainConfig) {
const price = await getTokenPrice(chainConfig.CHAIN, chainConfig.USD0PP);
return { supply, price };
}

async function getUsualXAPY(chain, usualXPrice) {
const { output } = await sdk.api.abi.call({
target: CONFIG.USUALX_TOKEN,
chain: chain.toLowerCase(),
abi: abi.find((abi) => abi.name === 'totalAssets'),
});
const totalAssets = output / CONFIG.SCALAR;

const rate =
(
await sdk.api.abi.call({
Expand Down Expand Up @@ -121,25 +126,21 @@ async function getUsualXAPY(chain, usualXPrice) {
rawUsualXTVL - (blacklistedBalances?.reduce((a, b) => a + b, 0) ?? 0);

const usualXApr = (rate * CONFIG.DAYS_PER_YEAR) / totalAssets;

const usualxApyReward = utils.aprToApy(usualXApr * 100);

const usualxMarketCap = usualXTVL * usualXPrice;

const revenueSwitchApr =
(CONFIG.DAO_PROJECTED_WEEKLY_REVENUE * CONFIG.WEEKS_PER_YEAR) /
usualxMarketCap;
const usualxApyRevenueSwitch = utils.aprToApy(
revenueSwitchApr * 100,
CONFIG.WEEKS_PER_YEAR
);
const usualxApyRevenueSwitch = utils.aprToApy(revenueSwitchApr * 100);

return {
usualxApyReward,
usualxApyRevenueSwitch,
rawUsualXTVL,
};
}

const apy = async () => {
const { data: rewardData } = await axios.get(
`${CONFIG.URLS.REWARD_RATE}${CONFIG.SYMBOL}`
Expand Down
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