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WIP: unlendable deposits #907

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WIP: unlendable deposits #907

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ckamm
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@ckamm ckamm commented Mar 6, 2024

TODO:

  • changes to max swap/order/perp etc functions to account for disableLending

- for sanity, the liquidator likely must have lendable positions too
- instruction for creating and closing an unlendable position
- heaps of tests, rs client changes, ts client changes :/

Done:
- when dealing with the vault, always keep unlendable_deposits in the
  vault (unless withdrawing a no-lending position)
- no-lending positions can't work as settle token positions for perps
@github-actions github-actions bot added the program On-chain program changes label Mar 6, 2024
@ckamm ckamm changed the title wip: unlendable deposits? wip: unlendable deposits Mar 14, 2024
@github-actions github-actions bot added the client TS client changes label Mar 14, 2024
programs/mango-v4/src/instructions/flash_loan.rs Outdated Show resolved Hide resolved
@@ -331,6 +332,14 @@ pub fn serum3_place_order(
)?
};

// Verify that the no-lending amount on the vault remains. If the acting account
// itself had a no-lending position, the unlendable_deposits has already been reduced.
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this is a new constraint that needs to be factored into max-obv1-size

// itself had a no-lending position, the unlendable_deposits has already been reduced.
require_gte!(
change.vault_balance,
bank.unlendable_deposits,
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this is a constraint that needs to appear in max-swap?

programs/mango-v4/src/instructions/token_liq_with_token.rs Outdated Show resolved Hide resolved
programs/mango-v4/src/logs.rs Outdated Show resolved Hide resolved
programs/mango-v4/src/state/bank.rs Outdated Show resolved Hide resolved
programs/mango-v4/src/state/mango_account_components.rs Outdated Show resolved Hide resolved
ctx.accounts
.vault
.amount
.saturating_sub(bank.unlendable_deposits),
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ah this is scary, how can we avoid using vault amounts just as is in future

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I've pushed more changes to the ts side where it was using vaults

@ckamm
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ckamm commented Mar 18, 2024

Should flash loaners be allowed to borrow unlendable deposits?

@ckamm ckamm changed the title wip: unlendable deposits unlendable deposits Mar 19, 2024
@microwavedcola1
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Should flash loaners be allowed to borrow unlendable deposits?

technically yes, but we should just be conservative imo, or?

if position.allow_lending() {
assert!(position.unlendable_deposits == 0);
let opening_indexed_position = position.indexed_position;
let result = self.deposit_internal(position, native_amount, allow_dusting, now_ts)?;
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I would rename the deposit_internal method to make it explicit that it's only for "lendable position"

if position.allow_lending() {
assert!(position.unlendable_deposits == 0);
let opening_indexed_position = position.indexed_position;
let res = self.withdraw_internal(
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Same here, would rename withdraw_internal to a more explicit withdraw_indexed_pos_internal or withdraw_lendable_pos_internal

MangoError::UnlendableTokenPositionCannotBeNegative
);
position.unlendable_deposits -= withdraw_amount_u64;
self.unlendable_deposits -= withdraw_amount_u64;
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Should/could we also add a require_gte on the bank unlendable deposit vs withdrawn amount ?

@microwavedcola1 microwavedcola1 changed the title unlendable deposits WIP: unlendable deposits Aug 9, 2024
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4 participants