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//! Market utilisation reader — view-only OI-to-pool-depth ratio.
#![no_std]
use gmx_keys::{
market_index_token_key, market_long_token_key, market_short_token_key, max_open_interest_key,
};
use gmx_market_utils::{get_open_interest_for_side, get_pool_value};
use gmx_types::{MarketProps, PriceProps};
use soroban_sdk::{contract, contractimpl, contracttype, Address, BytesN, Env};
const BPS_DIVISOR: u128 = 10_000;
#[allow(dead_code)]
#[soroban_sdk::contractclient(name = "DataStoreClient")]
trait IDataStore {
fn get_u128(env: Env, key: BytesN<32>) -> u128;
fn get_address(env: Env, key: BytesN<32>) -> Option<Address>;
}
#[allow(dead_code)]
#[soroban_sdk::contractclient(name = "OracleClient")]
trait IOracle {
fn get_primary_price(env: Env, token: Address) -> PriceProps;
}
#[contracttype]
#[derive(Clone, Debug, Eq, PartialEq)]
pub struct MarketUtilisation {
pub pool_value_usd: u128,
pub long_open_interest_usd: u128,
pub short_open_interest_usd: u128,
pub long_utilisation_bps: u32,
pub short_utilisation_bps: u32,
pub combined_utilisation_bps: u32,
pub is_at_long_oi_cap: bool,
pub is_at_short_oi_cap: bool,
}
#[contract]
pub struct MarketUtilReader;
#[contractimpl]
impl MarketUtilReader {
pub fn get_market_utilisation(
env: Env,
data_store: Address,
oracle: Address,
market: Address,
) -> MarketUtilisation {
let market_props = load_market(&env, &data_store, &market);
let oracle_client = OracleClient::new(&env, &oracle);
let long_price = oracle_client
.get_primary_price(&market_props.long_token)
.mid_price();
let short_price = oracle_client
.get_primary_price(&market_props.short_token)
.mid_price();
let index_price = oracle_client
.get_primary_price(&market_props.index_token)
.mid_price();
let pool = get_pool_value(
&env,
&data_store,
&market_props,
long_price,
short_price,
index_price,
false,
);
let pool_value_usd = if pool.pool_value <= 0 {
0
} else {
pool.pool_value as u128
};
let long_open_interest_usd = get_open_interest_for_side(&env, &data_store, &market_props, true);
let short_open_interest_usd = get_open_interest_for_side(&env, &data_store, &market_props, false);
let combined_open_interest_usd = long_open_interest_usd.saturating_add(short_open_interest_usd);
let ds = DataStoreClient::new(&env, &data_store);
let long_cap = ds.get_u128(&max_open_interest_key(&env, &market, true));
let short_cap = ds.get_u128(&max_open_interest_key(&env, &market, false));
MarketUtilisation {
pool_value_usd,
long_open_interest_usd,
short_open_interest_usd,
long_utilisation_bps: utilisation_bps(long_open_interest_usd, pool_value_usd),
short_utilisation_bps: utilisation_bps(short_open_interest_usd, pool_value_usd),
combined_utilisation_bps: utilisation_bps(combined_open_interest_usd, pool_value_usd),
is_at_long_oi_cap: long_cap != 0 && long_open_interest_usd >= long_cap,
is_at_short_oi_cap: short_cap != 0 && short_open_interest_usd >= short_cap,
}
}
}
fn load_market(env: &Env, data_store: &Address, market: &Address) -> MarketProps {
let ds = DataStoreClient::new(env, data_store);
let index_token = ds
.get_address(&market_index_token_key(env, market))
.expect("market index token not found");
let long_token = ds
.get_address(&market_long_token_key(env, market))
.expect("market long token not found");
let short_token = ds
.get_address(&market_short_token_key(env, market))
.expect("market short token not found");
MarketProps {
market_token: market.clone(),
index_token,
long_token,
short_token,
}
}
fn utilisation_bps(open_interest_usd: u128, pool_value_usd: u128) -> u32 {
if pool_value_usd == 0 {
return u32::MAX;
}
let bps = open_interest_usd.saturating_mul(BPS_DIVISOR) / pool_value_usd;
bps.min(u32::MAX as u128) as u32
}
#[cfg(test)]
mod tests {
use super::*;
#[test]
fn fifty_percent_utilisation_is_5000_bps() {
assert_eq!(utilisation_bps(50_000, 100_000), 5_000);
}
#[test]
fn zero_pool_value_returns_max_bps() {
assert_eq!(utilisation_bps(50_000, 0), u32::MAX);
}
#[test]
fn utilisation_rounds_down_within_one_bps() {
assert_eq!(utilisation_bps(1, 3), 3_333);
}
// ── Issue #363: integration test for get_market_utilisation ─────────────
use data_store::{DataStore, DataStoreClient as DsClient};
use deposit_handler::{DepositHandler, DepositHandlerClient};
use deposit_vault::{DepositVault, DepositVaultClient as DVClient};
use gmx_keys::roles;
use gmx_types::{CreateDepositParams, TokenPrice};
use market_token::{MarketToken, MarketTokenClient as MtClient};
use oracle::{Oracle, OracleClient as OClient};
use role_store::{RoleStore, RoleStoreClient as RsClient};
use soroban_sdk::{testutils::Address as _, token::StellarAssetClient, Env, Vec};
struct World {
env: Env,
admin: Address,
keeper: Address,
rs: Address,
ds: Address,
oracle: Address,
vault: Address,
dep_handler: Address,
market_tk: Address,
long_tk: Address,
short_tk: Address,
index_tk: Address,
}
fn setup() -> World {
let env = Env::default();
env.mock_all_auths();
env.budget().reset_unlimited();
let admin = Address::generate(&env);
let keeper = Address::generate(&env);
let rs = env.register(RoleStore, ());
let rs_c = RsClient::new(&env, &rs);
rs_c.initialize(&admin);
rs_c.grant_role(&admin, &admin, &roles::controller(&env));
rs_c.grant_role(&admin, &keeper, &roles::order_keeper(&env));
let ds = env.register(DataStore, ());
DsClient::new(&env, &ds).initialize(&admin, &rs);
let oracle_addr = env.register(Oracle, ());
let passphrase = soroban_sdk::Bytes::from_slice(&env, b"Test SDF Network ; September 2015");
OClient::new(&env, &oracle_addr).initialize(&admin, &rs, &ds, &passphrase);
let vault = env.register(DepositVault, ());
DVClient::new(&env, &vault).initialize(&admin, &rs);
let market_tk = env.register(MarketToken, ());
MtClient::new(&env, &market_tk).initialize(
&admin,
&rs,
&7u32,
&soroban_sdk::String::from_str(&env, "GMX Market Token"),
&soroban_sdk::String::from_str(&env, "GM"),
);
let dep_handler = env.register(DepositHandler, ());
DepositHandlerClient::new(&env, &dep_handler).initialize(
&admin,
&rs,
&ds,
&oracle_addr,
&vault,
);
rs_c.grant_role(&admin, &dep_handler, &roles::controller(&env));
let long_tk = env
.register_stellar_asset_contract_v2(admin.clone())
.address();
let short_tk = env
.register_stellar_asset_contract_v2(admin.clone())
.address();
let index_tk = Address::generate(&env);
let ds_c = DsClient::new(&env, &ds);
ds_c.set_address(
&dep_handler,
&gmx_keys::market_index_token_key(&env, &market_tk),
&index_tk,
);
ds_c.set_address(
&dep_handler,
&gmx_keys::market_long_token_key(&env, &market_tk),
&long_tk,
);
ds_c.set_address(
&dep_handler,
&gmx_keys::market_short_token_key(&env, &market_tk),
&short_tk,
);
World {
env,
admin,
keeper,
rs,
ds,
oracle: oracle_addr,
vault,
dep_handler,
market_tk,
long_tk,
short_tk,
index_tk,
}
}
fn set_prices(w: &World, long_usd: i128, short_usd: i128, index_usd: i128) {
OClient::new(&w.env, &w.oracle).set_prices_simple(
&w.keeper,
&Vec::from_array(
&w.env,
[
TokenPrice {
token: w.long_tk.clone(),
min: long_usd,
max: long_usd,
},
TokenPrice {
token: w.short_tk.clone(),
min: short_usd,
max: short_usd,
},
TokenPrice {
token: w.index_tk.clone(),
min: index_usd,
max: index_usd,
},
],
),
);
}
/// Helper: deposit long+short tokens and return the minted LP balance.
fn do_deposit(w: &World, user: &Address, long_amount: i128, short_amount: i128) -> i128 {
let dep_key = DepositHandlerClient::new(&w.env, &w.dep_handler).create_deposit(
user,
&CreateDepositParams {
receiver: user.clone(),
market: w.market_tk.clone(),
initial_long_token: w.long_tk.clone(),
initial_short_token: w.short_tk.clone(),
long_token_amount: long_amount,
short_token_amount: short_amount,
min_market_tokens: 1,
execution_fee: 0,
},
);
DepositHandlerClient::new(&w.env, &w.dep_handler).execute_deposit(&w.keeper, &dep_key);
MtClient::new(&w.env, &w.market_tk).balance(user)
}
/// Full integration test: register market, seed pool, set OI caps, and
/// verify the complete MarketUtilisation struct returned by
/// get_market_utilisation, including the OI-cap boolean flags.
#[test]
fn get_market_utilisation_returns_correct_struct() {
let w = setup();
let fp = gmx_math::FLOAT_PRECISION;
let user = Address::generate(&w.env);
// Mint tokens for the user and seed the pool
StellarAssetClient::new(&w.env, &w.long_tk).mint(&user, &10_000_0000i128);
StellarAssetClient::new(&w.env, &w.short_tk).mint(&user, &5_000_0000i128);
set_prices(&w, 2000 * fp, fp, 2000 * fp);
let lp = do_deposit(&w, &user, 10_000_0000, 5_000_0000);
assert!(lp > 0);
let ds_c = DsClient::new(&w.env, &w.ds);
// Set OI caps: long cap = 4_000_0000 (in raw tokens, will be USD later)
// For the test, set caps in USD-equivalent using FLOAT_PRECISION
let long_cap: u128 = 40_000 * fp as u128; // $40,000
let short_cap: u128 = 20_000 * fp as u128; // $20,000
ds_c.set_u128(
&w.admin,
&gmx_keys::max_open_interest_key(&w.env, &w.market_tk, &true),
&long_cap,
);
ds_c.set_u128(
&w.admin,
&gmx_keys::max_open_interest_key(&w.env, &w.market_tk, &false),
&short_cap,
);
// Call get_market_utilisation
let result = MarketUtilReaderClient::new(&w.env, &w.env.register_contract(None, MarketUtilReader))
.get_market_utilisation(&w.ds, &w.oracle, &w.market_tk);
// Pool value: 10_000 long tokens at $2000 + 5_000 short tokens at $1
// = $20,000,000 + $5,000 = $20,005,000
// In raw: 10_000_0000 * 2000 * fp / TOKEN_PRECISION + 5_000_0000 * fp / TOKEN_PRECISION
let long_usd = gmx_math::mul_div_wide(&w.env, 10_000_0000i128, 2000 * fp, gmx_math::TOKEN_PRECISION);
let short_usd = gmx_math::mul_div_wide(&w.env, 5_000_0000i128, fp, gmx_math::TOKEN_PRECISION);
let expected_pool = (long_usd + short_usd) as u128;
assert_eq!(result.pool_value_usd, expected_pool);
// No OI set → OI values should be 0
assert_eq!(result.long_open_interest_usd, 0);
assert_eq!(result.short_open_interest_usd, 0);
// Utilisation bps: 0 OI / pool = 0
assert_eq!(result.long_utilisation_bps, 0);
assert_eq!(result.short_utilisation_bps, 0);
assert_eq!(result.combined_utilisation_bps, 0);
// OI caps: caps are set but no OI → not at cap
assert!(!result.is_at_long_oi_cap);
assert!(!result.is_at_short_oi_cap);
}
/// OI-cap flag becomes true when open interest reaches the cap.
/// We simulate this by writing open interest directly into data_store
/// and checking the boolean flag.
#[test]
fn oi_cap_flag_true_when_at_cap() {
let w = setup();
let fp = gmx_math::FLOAT_PRECISION;
let user = Address::generate(&w.env);
StellarAssetClient::new(&w.env, &w.long_tk).mint(&user, &10_000_0000i128);
StellarAssetClient::new(&w.env, &w.short_tk).mint(&user, &5_000_0000i128);
set_prices(&w, 2000 * fp, fp, 2000 * fp);
let _lp = do_deposit(&w, &user, 10_000_0000, 5_000_0000);
let ds_c = DsClient::new(&w.env, &w.ds);
// Set long OI cap to exactly what we'll set as OI
let oi_value: u128 = 10_000 * fp as u128;
ds_c.set_u128(
&w.admin,
&gmx_keys::max_open_interest_key(&w.env, &w.market_tk, &true),
&oi_value,
);
// Write open interest directly (simulating a position being opened)
ds_c.set_u128(
&w.admin,
&gmx_keys::open_interest_key(&w.env, &w.market_tk, &w.long_tk, &true),
&oi_value,
);
let result = MarketUtilReaderClient::new(&w.env, &w.env.register_contract(None, MarketUtilReader))
.get_market_utilisation(&w.ds, &w.oracle, &w.market_tk);
assert!(result.is_at_long_oi_cap, "long OI at cap should be true");
assert!(!result.is_at_short_oi_cap, "short OI cap not set → not at cap");
}
/// Zero pool value (empty pool) returns 0 for pool_value_usd and
/// u32::MAX for utilisation bps.
#[test]
fn empty_pool_returns_zero_pool_value_and_max_bps() {
let w = setup();
let fp = gmx_math::FLOAT_PRECISION;
set_prices(&w, 2000 * fp, fp, 2000 * fp);
// Write open interest with no pool → utilisation = MAX
let ds_c = DsClient::new(&w.env, &w.ds);
ds_c.set_u128(
&w.admin,
&gmx_keys::open_interest_key(&w.env, &w.market_tk, &w.long_tk, &true),
&(5_000 * fp as u128),
);
let result = MarketUtilReaderClient::new(&w.env, &w.env.register_contract(None, MarketUtilReader))
.get_market_utilisation(&w.ds, &w.oracle, &w.market_tk);
assert_eq!(result.pool_value_usd, 0);
assert_eq!(result.long_utilisation_bps, u32::MAX);
assert_eq!(result.short_utilisation_bps, u32::MAX);
assert_eq!(result.combined_utilisation_bps, u32::MAX);
}
}