✨ market-update: monitor global utilization

exactly · Nov 22, 2023 · dea0e4a · dea0e4a
1 parent ceebd3c
commit dea0e4a
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Showing 3 changed files with 167 additions and 36 deletions.
diff --git a/actions/onMarketUpdate.ts b/actions/onMarketUpdate.ts
@@ -31,6 +31,7 @@ export default (async ({ storage, secrets, gateways }, {
     5: 'https://goerli.etherscan.io',
     10: 'https://optimistic.etherscan.io',
   }[chainId] ?? 'https://etherscan.io';
+  const app = 'https://app.exact.ly';
 
   const [{ address: previewerAddress }, rpc] = await Promise.all([
     import(`@exactly/protocol/deployments/${network}/Previewer.json`) as Promise<{ address: string }>,
@@ -53,13 +54,15 @@ export default (async ({ storage, secrets, gateways }, {
   const [exactly] = previewer.interface.decodeFunctionResult('exactly', exactlyData) as [Previewer.MarketAccountStructOutput[]];
   const [
     icons, slack, monitoring, whaleAlert, transactions, whaleThreshold = 0,
+    utilizationThreshold = 0,
   ] = await Promise.all([
     getIcons(storage, exactly.map(({ assetSymbol }) => assetSymbol)),
     getSecret(secrets, 'SLACK_TOKEN').then((token) => new WebClient(token)),
     getSecret(secrets, `SLACK_MONITORING@${chainId}`),
     getSecret(secrets, `SLACK_WHALE_ALERT@${chainId}`),
     getSecret(secrets, `SLACK_TRANSACTIONS@${chainId}`),
     storage.getNumber('WHALE_USD_THRESHOLD'),
+    storage.getNumber('UTILIZATION_THRESHOLD'),
   ]);
   const ethPrice = findMarket(exactly, ({ assetSymbol }) => assetSymbol === 'WETH')!.usdPrice.toBigInt();
 
@@ -72,6 +75,7 @@ export default (async ({ storage, secrets, gateways }, {
     if (log.name === 'MarketUpdate') {
       const {
         assetSymbol, fixedPools, totalFloatingDepositAssets, totalFloatingDepositShares,
+        totalFloatingBorrowAssets,
       } = findMarket(exactly, address)!;
       const {
         totalFloatingDepositAssets: prevAssets, totalFloatingDepositShares: prevShares,
@@ -85,6 +89,35 @@ export default (async ({ storage, secrets, gateways }, {
 
       if (!monitoring) continue;
 
+      const assets = totalFloatingDepositAssets.toBigInt();
+      const floatingDebt = totalFloatingBorrowAssets.toBigInt();
+      const fixedAssets = fixedPools.reduce((total, { supplied, borrowed }) => (
+        total + supplied.toBigInt() - borrowed.toBigInt()), 0n);
+      const debt = floatingDebt - (fixedAssets < 0n ? fixedAssets : 0n);
+      const utilization = Number((debt * WAD) / assets) / 10 ** 18;
+
+      if (utilization >= utilizationThreshold) {
+        parallel.push(slack.chat.postMessage({
+          channel: monitoring,
+          attachments: [{
+            color: 'warning',
+            title: `${assetSymbol} utilization above threshold`,
+            title_link: `${app}/${assetSymbol}`,
+            fields: [
+              {
+                short: true,
+                title: 'global utilization',
+                value: utilization.toLocaleString(undefined, { style: 'percent', maximumFractionDigits: 2 }),
+              },
+              { short: true, title: 'floating utilization', value: formatBigInt((floatingDebt * WAD) / assets, '%') },
+            ],
+            footer_icon: icons[assetSymbol],
+            footer: network,
+            ts: ts.toString(),
+          }],
+        }));
+      }
+
       const arbs = fixedPools.map(({ maturity, depositRate, minBorrowRate }) => (
         depositRate.gt(minBorrowRate) ? [
           formatMaturity(maturity),

diff --git a/test/onMarketUpdate.spec.ts b/test/onMarketUpdate.spec.ts
@@ -18,6 +18,7 @@ describe('on market update', () => {
     runtime.context.secrets.put('RPC_10', RPC_10);
     runtime.context.gateways.setConfig('', { accessKey: GATEWAY_ACCESS_KEY });
     await runtime.context.storage.putStr('OP.icon', 'https://cryptologos.cc/logos/optimism-ethereum-op-logo.png');
+    await runtime.context.storage.putStr('UTILIZATION_THRESHOLD', '0.8');
     if (SLACK_TOKEN) runtime.context.secrets.put('SLACK_TOKEN', SLACK_TOKEN);
     for (const [key, value] of Object.entries(env)) {
       if (key.startsWith('SLACK_')) runtime.context.secrets.put(`${key}@${payload.network}`, value!);

diff --git a/test/payloads/payload.json b/test/payloads/payload.json
@@ -1,60 +1,157 @@
 {
   "network": "10",
-  "blockHash": "0x3fab48ae82245bd93737491ee59552945f0aff6930570903ae4f380a631bf2e3",
-  "blockNumber": 79574078,
-  "hash": "0xa0b04fb18201bfb72af6cb11774683a8badb6a585de38846f42ae8d1bce7149e",
-  "from": "0x9333c471fb0aBb0A189189933bfC0D1A4584c9f7",
-  "to": "0xa430A427bd00210506589906a71B54d6C256CEdb",
+  "blockHash": "0x5ef5ccae0c964caee44e60fbe881fda8d7591472a641dbc26f9ac92892b88ecb",
+  "blockNumber": 112495494,
+  "hash": "0xef7b4649602933c1f79ebd963844e0ddda585a4cf3df30f2d7bfe8aa898394a5",
+  "from": "0xd8d9323157d74f34c7d3c4891e117c24f339e2d4",
+  "to": "0x81c9a7b55a4df39a9b7b5f781ec0e53539694873",
   "logs": [
     {
-      "address": "0xa430A427bd00210506589906a71B54d6C256CEdb",
+      "address": "0xbd1ba78a3976cab420a9203e6ef14d18c2b2e031",
       "topics": [
-        "0xd9900507c64720c1a5e11858a42769b599616268b832495aa6afe8b9dc566e76",
-        "0x0000000000000000000000000000000000000000000000000000000064125c00",
-        "0x0000000000000000000000009333c471fb0abb0a189189933bfc0d1a4584c9f7",
-        "0x0000000000000000000000009333c471fb0abb0a189189933bfc0d1a4584c9f7"
+        "0x1be815035b13056fba0f0dcbaec5d30add5d95e5f1b6990581607fbccdc93050",
+        "0x00000000000000000000000081c9a7b55a4df39a9b7b5f781ec0e53539694873",
+        "0x0000000000000000000000004200000000000000000000000000000000000042"
       ],
-      "data": "0x000000000000000000000000000000000000000000000003a11e2e48a06700000000000000000000000000000000000000000000000000000000000000000000"
+      "data": "0x000000000000000000000000000000000000000000000000001740271ff0f137000000000000000000000000000000000000000000000000001ddc6433d1bb4e00000000000000000000000000000000000000000000000ec2467ea6ea75531900000000000000000000000000000000000000000000000000000000655cf0c5"
     },
     {
-      "address": "0xa430A427bd00210506589906a71B54d6C256CEdb",
-      "topics": ["0x7a71b92e3ef471c5ad18359e076f3df1c563d92e9ea1e33aa4761dbbc9b7ae40"],
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+      "address": "0xbd1ba78a3976cab420a9203e6ef14d18c2b2e031",
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+    },
+    {
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+      ],
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+    },
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+      "address": "0xbd1ba78a3976cab420a9203e6ef14d18c2b2e031",
+      "topics": [
+        "0xc4278cd1497fedb2697092108a0141a0cbecdd1472913b6e803010998aa63537",
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+      "address": "0xbd1ba78a3976cab420a9203e6ef14d18c2b2e031",
+      "topics": [
+        "0xc4278cd1497fedb2697092108a0141a0cbecdd1472913b6e803010998aa63537",
+        "0x00000000000000000000000081c9a7b55a4df39a9b7b5f781ec0e53539694873",
+        "0x000000000000000000000000bea586a167853adddef12818f264f1f9823fbc18",
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+      ],
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+    },
+    {
+      "address": "0x81c9a7b55a4df39a9b7b5f781ec0e53539694873",
+      "topics": [
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     },
     {
-      "address": "0xa430A427bd00210506589906a71B54d6C256CEdb",
+      "address": "0x81c9a7b55a4df39a9b7b5f781ec0e53539694873",
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-  "input": "0x34f7d1f20000000000000000000000000000000000000000000000000000000064125c00000000000000000000000000000000000000000000000003a11e2e48a067000000000000000000000000000000000000000000000000000372a978c4fec840000000000000000000000000009333c471fb0abb0a189189933bfc0d1a4584c9f7",
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-  "gas": "0x3746c",
-  "gasUsed": "0x2b7c1",
-  "cumulativeGasUsed": "0x2b7c1",
-  "gasPrice": "0xf4240",
-  "gasTipCap": "0x",
-  "gasFeeCap": "0x",
+  "input": "0x7ad226dc0000000000000000000000000000000000000000000000000000000152c51893000000000000000000000000d8d9323157d74f34c7d3c4891e117c24f339e2d4",
+  "value": "0x",
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+  "gas": "0xb1748",
+  "gasUsed": "0xad916",
+  "cumulativeGasUsed": "0x1713fc2",
+  "gasPrice": "0x02205986",
+  "gasTipCap": "0x0ecd10",
+  "gasFeeCap": "0x062f2288",
   "alertId": null
-}
+}