Agent liquidation value

constants/constants.go

@@ -54,6 +54,8 @@ var (
 var dialAddr = "https://api.node.glif.io/rpc/v1"
 var t_dialAddr = "https://api.calibration.node.glif.io/rpc/v1"
 
+var EventsURL = "https://events.glif.link"
+
 var MAX_UINT256 = new(big.Int).Sub(new(big.Int).Exp(big.NewInt(2), big.NewInt(256), nil), big.NewInt(1))
 var WAD = big.NewInt(1e18)
 
@@ -64,3 +66,8 @@ var INFINITY_POOL_ID = big.NewInt(0)
 var CHUNKSIZE = big.NewInt(50000)
 
 var FAULTY_SECTOR_TOLERANCE = big.NewFloat(0.001)
+
+// NOTE these should be generated in the future from the live values in the contracts
+var MAX_DTE = big.NewInt(2e18)
+var MAX_LTV = big.NewInt(8e17)
+var MAX_DTI = big.NewInt(25e16)

econ/econ.go

@@ -5,8 +5,8 @@ import (
 	"math/big"
 
 	"github.com/ethereum/go-ethereum/common"
-	"github.com/filecoin-project/go-address"
 	"github.com/filecoin-project/lotus/chain/types"
+	"github.com/glifio/go-pools/constants"
 	"github.com/glifio/go-pools/mstat"
 	poolstypes "github.com/glifio/go-pools/types"
 	"github.com/glifio/go-pools/vc"
@@ -18,79 +18,60 @@ func ComputeAgentData(
 	sdk poolstypes.PoolsSDK,
 	agentLiquidAssets *big.Int,
 	principal *big.Int,
-	minerIDs []address.Address,
+	aggMinerStats *mstat.MinerStats,
 	agentAddr common.Address,
 	tsk *types.TipSet,
 ) (*vc.AgentData, error) {
-	lapi, closer, err := sdk.Extern().ConnectLotusClient()
-	if err != nil {
-		return nil, err
-	}
-	defer closer()
-
 	// here we just work our way through the AgentData, computing each key
 	// TODO: could probably parellize this elegently to speed things up
 	data := &vc.AgentData{}
 
-	aggMinerStats, err := mstat.ComputeMinersStats(ctx, minerIDs, tsk, lapi)
-	if err != nil {
-		return nil, err
-	}
-
 	data.QaPower = aggMinerStats.QualityAdjPower
 
 	data.GreenScore = aggMinerStats.GreenScore
 
 	data.AgentValue = big.NewInt(0).Add(agentLiquidAssets, aggMinerStats.Balance)
 
-	data.LiveSectors = aggMinerStats.LiveSectors
-	data.FaultySectors = aggMinerStats.FaultySectors
-
 	/* ~~~~~ CollateralValue ~~~~~ */
 
-	// CV = AgentValue * terminationPenalty
-	data.CollateralValue = CollateralValue(data.AgentValue)
-
-	/* ~~~~~ ExpectedDailyFaultPenalties ~~~~~ */
-
-	// COULD REMOVE
-	data.ExpectedDailyFaultPenalties = aggMinerStats.PenaltyFaultPerDay
-
-	/* ~~~~~ ExpectedDailyRewards ~~~~~ */
+	ats, err := sdk.Query().AgentPreviewTerminationPrecise(ctx, agentAddr, tsk)
+	if err != nil {
+		return nil, err
+	}
+	// here we replace the ats.AgentAvailableBal with the AgentLiquidAssets passed in this call to compute the post-action liquidation value
+	ats.AgentAvailableBal = agentLiquidAssets
 
-	data.ExpectedDailyRewards = aggMinerStats.ExpectedDailyReward
+	data.CollateralValue = ats.LiquidationValue()
 
 	/* ~~~~~ Principal ~~~~~ */
 	data.Principal = principal
 
-	// TODO: What to do on a Pay action type? -> deduce principal _after_ the payment is made
-
-	/* ~~~~~ GCRED ~~~~~ */
+	/* ~~~~~ SectorInfo ~~~~~ */
+	data.LiveSectors = aggMinerStats.LiveSectors
 
-	// exposure at default is current principal, including newPrincipal
-	var ead = data.Principal
-	// loan to value computation uses agent's total value, less principal as its denominator
-	// valueDenominator := lockedFunds.Balance.Add(lockedFunds.Balance, agentLiquidAssets)
-	// subtract liabilities (upcoming payment or withdrawal) from the denominator
-	// valueDenominator = valueDenominator.Sub(valueDenominator, deductibles)
+	// if the LTV (loan to liquidationm value) is greater than the max LTV, we report faulty sectors in order to trigger a liquidation
+	// this is a bit of a workaround until the liquidation value buffer is built-in to the contracts directly
+	// using wad math
+	numerator := new(big.Int).Mul(principal, constants.WAD)
 
-	var ltv = LoanToValueRatio(ead, data.AgentValue)
-	// loan to collateral value
-	var ltcv = LoanToCollateralRatio(ead, data.CollateralValue)
+	if (new(big.Int).Div(numerator, data.CollateralValue)).Cmp(constants.MAX_LTV) > 0 {
+		// 100% faulty sectors if loan to liquidation value buffer is breached
+		data.FaultySectors = aggMinerStats.LiveSectors
+	} else {
+		data.FaultySectors = aggMinerStats.FaultySectors
+	}
 
-	var equity = big.NewInt(0).Sub(data.AgentValue, data.Principal)
+	/* ~~~~~ ExpectedDailyFaultPenalties ~~~~~ */
 
-	var dte = DebtToEquityRatio(ead, equity)
+	// COULD REMOVE
+	data.ExpectedDailyFaultPenalties = aggMinerStats.PenaltyFaultPerDay
 
-	var faultRatio = big.NewFloat(0)
-	var vestingToPledgeRatio = big.NewFloat(0)
+	/* ~~~~~ ExpectedDailyRewards ~~~~~ */
 
-	if data.LiveSectors.Int64() > 0 {
-		faultRatio = faultRatio.Quo(new(big.Float).SetInt(data.FaultySectors), new(big.Float).SetInt(data.LiveSectors))
-		vestingToPledgeRatio = vestingToPledgeRatio.Quo(new(big.Float).SetInt(aggMinerStats.VestingFunds), new(big.Float).SetInt(aggMinerStats.PledgedFunds))
-	}
+	data.ExpectedDailyRewards = aggMinerStats.ExpectedDailyReward
 
-	data.Gcred = CreditScoreSimple(ead, ltv, ltcv, data.ExpectedDailyRewards, dte, faultRatio, vestingToPledgeRatio)
+	/* ~~~~~ GCRED (NOT IN USE) ~~~~~ */
+	data.Gcred = big.NewInt(100)
 
 	return data, nil
 }