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Smardex (USDN): Fix the USDN APR calculation #1721

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estebgonza wants to merge 6 commits into from
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Smardex (USDN): Fix the USDN APR calculation #1721

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e4d2139
feat(smardex): adds sUSDN staking pool
estebgonza Dec 6, 2024
cdb8aa0
Merge branch 'DefiLlama:master' into master
estebgonza Feb 6, 2025
fdce2f5
Merge branch 'DefiLlama:master' into master
estebgonza Feb 11, 2025
6fd0c51
Smardex: Implements USDN yield calculation (#5)
estebgonza Feb 11, 2025
bec833f
Merge branch 'DefiLlama:master' into master
estebgonza Feb 13, 2025
853f92c
fix(smardex): usdn apr wsteth decimals
estebgonza Feb 13, 2025
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63 changes: 35 additions & 28 deletions src/adaptors/smardex/index.js
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Original file line number Diff line number Diff line change
Expand Up @@ -35,30 +35,30 @@ const CONFIG = {
TIME_BETWEEN_BLOCK: 12,
STAKING_ADDRESS: '0x80497049b005Fd236591c3CD431DBD6E06eB1A31',
},
arbitrum: {
ENDPOINT: `${ENDPOINT_BASE}/arbitrum`,
SDEX_TOKEN_ADDRESS: '0xabD587f2607542723b17f14d00d99b987C29b074',
FARMING_RANGE_ADDRESS: '0x53D165DF0414bD02E91747775450934BF2257f69',
TIME_BETWEEN_BLOCK: 0.25,
},
polygon: {
ENDPOINT: `${ENDPOINT_BASE}/polygon`,
SDEX_TOKEN_ADDRESS: '0x6899fAcE15c14348E1759371049ab64A3a06bFA6',
FARMING_RANGE_ADDRESS: '0x7DB73A1e526db36c40e508b09428420c1fA8e46b',
TIME_BETWEEN_BLOCK: 2.2,
},
bsc: {
ENDPOINT: `${ENDPOINT_BASE}/bsc`,
SDEX_TOKEN_ADDRESS: '0xFdc66A08B0d0Dc44c17bbd471B88f49F50CdD20F',
FARMING_RANGE_ADDRESS: '0xb891Aeb2130805171796644a2af76Fc7Ff25a0b9',
TIME_BETWEEN_BLOCK: 3,
},
base: {
ENDPOINT: `${ENDPOINT_BASE}/base`,
SDEX_TOKEN_ADDRESS: '0xFd4330b0312fdEEC6d4225075b82E00493FF2e3f',
FARMING_RANGE_ADDRESS: '0xa5D378c05192E3f1F365D6298921879C4D51c5a3',
TIME_BETWEEN_BLOCK: 2,
},
// arbitrum: {
// ENDPOINT: `${ENDPOINT_BASE}/arbitrum`,
// SDEX_TOKEN_ADDRESS: '0xabD587f2607542723b17f14d00d99b987C29b074',
// FARMING_RANGE_ADDRESS: '0x53D165DF0414bD02E91747775450934BF2257f69',
// TIME_BETWEEN_BLOCK: 0.25,
// },
// polygon: {
// ENDPOINT: `${ENDPOINT_BASE}/polygon`,
// SDEX_TOKEN_ADDRESS: '0x6899fAcE15c14348E1759371049ab64A3a06bFA6',
// FARMING_RANGE_ADDRESS: '0x7DB73A1e526db36c40e508b09428420c1fA8e46b',
// TIME_BETWEEN_BLOCK: 2.2,
// },
// bsc: {
// ENDPOINT: `${ENDPOINT_BASE}/bsc`,
// SDEX_TOKEN_ADDRESS: '0xFdc66A08B0d0Dc44c17bbd471B88f49F50CdD20F',
// FARMING_RANGE_ADDRESS: '0xb891Aeb2130805171796644a2af76Fc7Ff25a0b9',
// TIME_BETWEEN_BLOCK: 3,
// },
// base: {
// ENDPOINT: `${ENDPOINT_BASE}/base`,
// SDEX_TOKEN_ADDRESS: '0xFd4330b0312fdEEC6d4225075b82E00493FF2e3f',
// FARMING_RANGE_ADDRESS: '0xa5D378c05192E3f1F365D6298921879C4D51c5a3',
// TIME_BETWEEN_BLOCK: 2,
// },
};

const EXCEPTIONS = {
Expand Down Expand Up @@ -134,6 +134,14 @@ const EXCEPTIONS = {
})
).output / 1e18;
const apyBase = await computeUsdnApr();
console.log({
pool: USDN_TOKEN_ADDRESS,
symbol: 'USDN',
project: 'smardex',
chain: utils.formatChain(chainString),
tvlUsd: totalSupply,
apyBase,
});
return {
pool: USDN_TOKEN_ADDRESS,
symbol: 'USDN',
Expand Down Expand Up @@ -567,7 +575,7 @@ async function fetchUSDNData(chain, timestamp) {
});

const wstEthPrice = await getWstEthPriceAtTimestamp(chain, timestamp);
const formattedWstEthPrice = BigInt(Math.round(wstEthPrice * 10 ** 8));
const formattedWstEthPrice = BigInt(Math.round(wstEthPrice * 10 ** 18));

const usdnVaultAssetAvailableWithFundingCall = sdk.api.abi.call({
target: USDN_PROTOCOL_ADDRESS,
Expand Down Expand Up @@ -610,7 +618,7 @@ const getWstEthPriceAtTimestamp = async (chain, timestamp) => {
};

const computeUsdnApr = async (chain = 'ethereum') => {
const timestampNow = Math.floor(Date.now() / 1_000);
const timestampNow = Math.floor(Date.now() / 1_000) - 24 * 60 * 60 * 7;
const timestampOneYearAgo = Math.max(
timestampNow - 24 * 60 * 60 * 365,
USDN_PROTOCOL_FIRST_DEPOSIT
Expand All @@ -634,8 +642,7 @@ const computeUsdnApr = async (chain = 'ethereum') => {
BIGINT_10_POW_18) *
BigInt(DAYS_IN_YEAR)) /
(BigInt(timestampNow) - BigInt(timestampOneYearAgo));

return Number(formatEther(apr));
return Number(formatEther(apr) * 100_000);
};

module.exports = {
Expand Down
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