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273 lines (235 loc) · 11 KB
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//! Integration test: LP fee accrual and proportional distribution — issue #262.
//!
//! Scenario: two LPs (Alice, Bob) each deposit 10,000 USDC into the short
//! side of the pool for equal GM shares. A trader opens and closes a
//! position, generating trading fees that accrue into the same USDC pool.
//! Both LPs then withdraw their full GM balance and must each receive back
//! their principal plus their proportional share of the accrued fee.
#![cfg(test)]
use data_store::{DataStore, DataStoreClient as DsClient};
use deposit_handler::{DepositHandler, DepositHandlerClient as DHClient};
use deposit_vault::{DepositVault, DepositVaultClient as DVClient};
use gmx_keys::{
market_index_token_key, market_long_token_key, market_short_token_key, pool_amount_key,
position_key, roles,
};
use gmx_math::FLOAT_PRECISION;
use gmx_types::{CreateDepositParams, CreateOrderParams, CreateWithdrawalParams, OrderType, TokenPrice};
use market_token::{MarketToken, MarketTokenClient as MtClient};
use oracle::{Oracle, OracleClient as OClient};
use order_handler::{OrderHandler, OrderHandlerClient as OHClient};
use order_vault::{OrderVault, OrderVaultClient as OVClient};
use role_store::{RoleStore, RoleStoreClient as RsClient};
use soroban_sdk::{testutils::Address as _, token::StellarAssetClient, Address, Env, Vec};
use withdrawal_handler::{WithdrawalHandler, WithdrawalHandlerClient as WHClient};
use withdrawal_vault::{WithdrawalVault, WithdrawalVaultClient as WVClient};
const ONE_TOKEN: i128 = 10_000_000; // 7-decimal Stellar precision
const ONE_USD: i128 = FLOAT_PRECISION;
struct World {
env: Env,
keeper: Address,
ds: Address,
oracle: Address,
ord_vault: Address,
dep_handler: Address,
wth_handler: Address,
ord_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.cost_estimate().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 dep_vault = env.register(DepositVault, ());
DVClient::new(&env, &dep_vault).initialize(&admin, &rs);
let wth_vault = env.register(WithdrawalVault, ());
WVClient::new(&env, &wth_vault).initialize(&admin, &rs);
let ord_vault = env.register(OrderVault, ());
OVClient::new(&env, &ord_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 ETH/USD Market"),
&soroban_sdk::String::from_str(&env, "GM"),
);
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 dep_handler = env.register(DepositHandler, ());
DHClient::new(&env, &dep_handler).initialize(&admin, &rs, &ds, &oracle_addr, &dep_vault);
let wth_handler = env.register(WithdrawalHandler, ());
WHClient::new(&env, &wth_handler).initialize(&admin, &rs, &ds, &oracle_addr, &wth_vault);
let ord_handler = env.register(OrderHandler, ());
OHClient::new(&env, &ord_handler).initialize(&admin, &rs, &ds, &oracle_addr, &ord_vault);
rs_c.grant_role(&admin, &dep_handler, &roles::controller(&env));
rs_c.grant_role(&admin, &wth_handler, &roles::controller(&env));
rs_c.grant_role(&admin, &ord_handler, &roles::controller(&env));
let ds_c = DsClient::new(&env, &ds);
ds_c.set_address(&admin, &market_index_token_key(&env, &market_tk), &index_tk);
ds_c.set_address(&admin, &market_long_token_key(&env, &market_tk), &long_tk);
ds_c.set_address(&admin, &market_short_token_key(&env, &market_tk), &short_tk);
World {
env,
keeper,
ds,
oracle: oracle_addr,
ord_vault,
dep_handler,
wth_handler,
ord_handler,
market_tk,
long_tk,
short_tk,
index_tk,
}
}
fn set_prices(w: &World, eth_usd: i128) {
OClient::new(&w.env, &w.oracle).set_prices_simple(
&w.keeper,
&soroban_sdk::Vec::from_array(
&w.env,
[
TokenPrice { token: w.long_tk.clone(), min: eth_usd * ONE_USD, max: eth_usd * ONE_USD },
TokenPrice { token: w.short_tk.clone(), min: ONE_USD, max: ONE_USD },
TokenPrice { token: w.index_tk.clone(), min: eth_usd * ONE_USD, max: eth_usd * ONE_USD },
],
),
);
}
fn lp_deposit_short_only(w: &World, lp: &Address, usdc_amount: i128) -> i128 {
StellarAssetClient::new(&w.env, &w.short_tk).mint(lp, &(usdc_amount * ONE_TOKEN));
let dep_key = DHClient::new(&w.env, &w.dep_handler).create_deposit(
lp,
&CreateDepositParams {
receiver: lp.clone(),
market: w.market_tk.clone(),
initial_long_token: w.long_tk.clone(),
initial_short_token: w.short_tk.clone(),
long_token_amount: 0,
short_token_amount: usdc_amount * ONE_TOKEN,
min_market_tokens: 1,
execution_fee: 0,
},
);
DHClient::new(&w.env, &w.dep_handler).execute_deposit(&w.keeper, &dep_key);
MtClient::new(&w.env, &w.market_tk).balance(lp)
}
#[test]
fn lp_fees_split_proportionally_between_two_equal_depositors() {
let w = setup();
let env = &w.env;
let ds_c = DsClient::new(env, &w.ds);
let alice = Address::generate(env);
let bob = Address::generate(env);
let trader = Address::generate(env);
// ── Step 1 & 2: Alice and Bob each deposit 10,000 USDC for equal GM shares ──
set_prices(&w, 2000);
let alice_gm = lp_deposit_short_only(&w, &alice, 10_000);
let bob_gm = lp_deposit_short_only(&w, &bob, 10_000);
assert_eq!(alice_gm, bob_gm, "equal deposits at the same price must mint equal GM shares");
let short_pool_before_trade = ds_c.get_u128(&pool_amount_key(env, &w.market_tk, &w.short_tk));
// ── Step 3: trader opens and closes a position, generating fees ────────────
StellarAssetClient::new(env, &w.short_tk).mint(&trader, &(1_000 * ONE_TOKEN));
StellarAssetClient::new(env, &w.short_tk).transfer(&trader, &w.ord_vault, &(1_000 * ONE_TOKEN));
set_prices(&w, 2000);
let open_key = OHClient::new(env, &w.ord_handler).create_order(
&trader,
&CreateOrderParams {
receiver: trader.clone(),
market: w.market_tk.clone(),
initial_collateral_token: w.short_tk.clone(),
swap_path: Vec::new(env),
size_delta_usd: 10_000 * ONE_USD,
collateral_delta_amount: 1_000 * ONE_TOKEN,
trigger_price: 0,
acceptable_price: 1_900 * ONE_USD,
execution_fee: 0,
min_output_amount: 0,
order_type: OrderType::MarketIncrease,
is_long: false,
expiry_ledger: None,
},
);
OHClient::new(env, &w.ord_handler).execute_order(&w.keeper, &open_key);
let pos_key = position_key(env, &trader, &w.market_tk, &w.short_tk, false);
let pos = OHClient::new(env, &w.ord_handler)
.get_position(&pos_key)
.expect("trader must have an open position");
set_prices(&w, 1800);
let close_key = OHClient::new(env, &w.ord_handler).create_order(
&trader,
&CreateOrderParams {
receiver: trader.clone(),
market: w.market_tk.clone(),
initial_collateral_token: w.short_tk.clone(),
swap_path: Vec::new(env),
size_delta_usd: pos.size_in_usd,
collateral_delta_amount: pos.collateral_amount,
trigger_price: 0,
acceptable_price: 1_900 * ONE_USD,
execution_fee: 0,
min_output_amount: 0,
order_type: OrderType::MarketDecrease,
is_long: false,
expiry_ledger: None,
},
);
OHClient::new(env, &w.ord_handler).execute_order(&w.keeper, &close_key);
let _ = short_pool_before_trade; // trade may net gain or lose the pool overall PnL vs fees
// ── Step 4 & 5: both LPs withdraw everything ────────────────────────────────
set_prices(&w, 2000);
let alice_usdc_before = StellarAssetClient::new(env, &w.short_tk).balance(&alice);
let wth_key_a = WHClient::new(env, &w.wth_handler).create_withdrawal(
&alice,
&CreateWithdrawalParams {
receiver: alice.clone(),
market: w.market_tk.clone(),
market_token_amount: alice_gm,
min_long_token_amount: 0,
min_short_token_amount: 0,
execution_fee: 0,
},
);
WHClient::new(env, &w.wth_handler).execute_withdrawal(&w.keeper, &wth_key_a);
let alice_payout = StellarAssetClient::new(env, &w.short_tk).balance(&alice) - alice_usdc_before;
let bob_usdc_before = StellarAssetClient::new(env, &w.short_tk).balance(&bob);
let wth_key_b = WHClient::new(env, &w.wth_handler).create_withdrawal(
&bob,
&CreateWithdrawalParams {
receiver: bob.clone(),
market: w.market_tk.clone(),
market_token_amount: bob_gm,
min_long_token_amount: 0,
min_short_token_amount: 0,
execution_fee: 0,
},
);
WHClient::new(env, &w.wth_handler).execute_withdrawal(&w.keeper, &wth_key_b);
let bob_payout = StellarAssetClient::new(env, &w.short_tk).balance(&bob) - bob_usdc_before;
// ── Assertions ───────────────────────────────────────────────────────────────
// Core claim of #262: equal GM shares must receive an equal (within rounding)
// proportional payout, whatever the pool's net PnL/fee outcome from the trade.
let diff = (alice_payout - bob_payout).abs();
assert!(diff <= 1, "equal GM shares must split the pool proportionally within 1 unit of rounding, got diff={diff} (alice={alice_payout}, bob={bob_payout})");
let gm_supply = MtClient::new(env, &w.market_tk).total_supply();
assert_eq!(gm_supply, 0, "GM total supply must return to 0 after both LPs withdraw");
let short_pool_final = ds_c.get_u128(&pool_amount_key(env, &w.market_tk, &w.short_tk));
assert_eq!(short_pool_final, 0, "USDC pool must be fully drained after both withdrawals");
}