Merge pull request #3143 from OlympusDAO/rbsPriceDisplayUpdates

Update RBS Pricing Display
OlympusDAO · Jan 29, 2024 · 8da919b · 8da919b
2 parents de42067 + f01db85
commit 8da919b
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Showing 5 changed files with 169 additions and 25 deletions.
diff --git a/src/helpers/CountdownTimer.tsx b/src/helpers/CountdownTimer.tsx
@@ -0,0 +1,46 @@
+import React, { useEffect, useState } from "react";
+
+type CountdownProps = {
+  targetDate: Date;
+};
+
+const CountdownTimer: React.FC<CountdownProps> = ({ targetDate }) => {
+  const calculateTimeLeft = () => {
+    const now = new Date();
+    const difference = targetDate.getTime() - now.getTime();
+    let timeLeft = { hours: 0, minutes: 0 };
+
+    if (difference > 0) {
+      timeLeft = {
+        hours: Math.floor(difference / (1000 * 60 * 60)),
+        minutes: Math.floor((difference % (1000 * 60 * 60)) / (1000 * 60)),
+      };
+    }
+
+    return timeLeft;
+  };
+
+  const [timeLeft, setTimeLeft] = useState(calculateTimeLeft());
+
+  useEffect(() => {
+    const timer = setTimeout(() => {
+      setTimeLeft(calculateTimeLeft());
+    }, 60000);
+
+    return () => clearTimeout(timer);
+  });
+
+  return (
+    <>
+      {timeLeft.hours > 0 || timeLeft.minutes > 0 ? (
+        <>
+          in {timeLeft.hours} hours, {timeLeft.minutes} minutes
+        </>
+      ) : (
+        <> in 0 hours, 0 minutes</>
+      )}
+    </>
+  );
+};
+
+export default CountdownTimer;
diff --git a/src/helpers/pricing/useGetDefillamaPrice.ts b/src/helpers/pricing/useGetDefillamaPrice.ts
@@ -0,0 +1,29 @@
+import { useQuery } from "@tanstack/react-query";
+import axios from "axios";
+
+interface DefillamaPriceResponse {
+  coins: {
+    [address: string]: {
+      symbol: string;
+      price: number;
+    };
+  };
+}
+/**Mainnet only addresses */
+export const useGetDefillamaPrice = ({ addresses }: { addresses: string[] }) => {
+  return useQuery(
+    ["useGetDefillamaPrice", addresses],
+    async () => {
+      try {
+        const joinedAddresses = addresses.map(address => `ethereum:${address}`).join(",");
+        const response = await axios.get<DefillamaPriceResponse>(
+          `https://coins.llama.fi/prices/current/${joinedAddresses}`,
+        );
+        return response.data.coins;
+      } catch (error) {
+        return {};
+      }
+    },
+    { enabled: addresses.length > 0 },
+  );
+};
diff --git a/src/views/Range/RangeChart.tsx b/src/views/Range/RangeChart.tsx
@@ -127,7 +127,7 @@ const RangeChart = (props: {
         <Typography fontSize="15px" fontWeight={600} mt="33px">
           Price
         </Typography>
-        <DataRow title="Market Price" balance={formatCurrency(price ? price : currentPrice, 2, reserveSymbol)} />
+        <DataRow title="Snapshot Price" balance={formatCurrency(price ? price : currentPrice, 2, reserveSymbol)} />
         {label === "now" && (
           <>
             <DataRow title="Target Price" balance={`${formatCurrency(targetPrice, 2, reserveSymbol)}`} />

diff --git a/src/views/Range/hooks.tsx b/src/views/Range/hooks.tsx
@@ -247,10 +247,10 @@ export const DetermineRangePrice = (bidOrAsk: "bid" | "ask") => {
         bidOrAsk === "ask"
           ? upperBondMarket?.price.inBaseToken.gt(new DecimalBigNumber(rangeData.high.wall.price, 18))
           : lowerBondMarket
-          ? new DecimalBigNumber("1")
-              .div(lowerBondMarket?.price.inBaseToken)
-              .lt(new DecimalBigNumber(rangeData.low.wall.price, 18))
-          : false;
+            ? new DecimalBigNumber("1")
+                .div(lowerBondMarket?.price.inBaseToken)
+                .lt(new DecimalBigNumber(rangeData.low.wall.price, 18))
+            : false;
       if (sideActive && activeBondMarket && !bondOutsideWall) {
         return {
           price:
@@ -259,8 +259,8 @@ export const DetermineRangePrice = (bidOrAsk: "bid" | "ask") => {
                 ? Number(upperBondMarket?.price.inBaseToken.toString())
                 : 0
               : lowerBondMarket
-              ? 1 / Number(lowerBondMarket?.price.inBaseToken.toString())
-              : 0,
+                ? 1 / Number(lowerBondMarket?.price.inBaseToken.toString())
+                : 0,
           contract: "bond" as RangeContracts,
           discount:
             bidOrAsk === "ask"
@@ -307,8 +307,8 @@ export const DetermineRangeDiscount = (bidOrAsk: "bid" | "ask") => {
           ? parseBigNumber(rangeData.low.wall.price, 18)
           : parseBigNumber(rangeData.high.wall.price, 18)
         : sellActive
-        ? bidOrAskPrice.price
-        : bidOrAskPrice.price;
+          ? bidOrAskPrice.price
+          : bidOrAskPrice.price;
       const discount =
         bondDiscount && !swapWithOperator
           ? bondDiscount
@@ -413,3 +413,17 @@ export const RangeSwap = () => {
     },
   );
 };
+
+export const RangeNextBeat = () => {
+  const networks = useTestableNetworks();
+  const contract = RANGE_PRICE_CONTRACT.getEthersContract(networks.MAINNET);
+  const { data, isFetched, isLoading } = useQuery(["getRangeNextBeat", networks.MAINNET], async () => {
+    const lastObservationTime = await contract.lastObservationTime();
+    const observationFrequency = await contract.observationFrequency();
+
+    //take the unix timestamp of the last observation time, add the observation frequency, and convert to date
+    const nextBeat = new Date((lastObservationTime + observationFrequency) * 1000);
+    return nextBeat;
+  });
+  return { data, isFetched, isLoading };
+};
diff --git a/src/views/Range/index.tsx b/src/views/Range/index.tsx
@@ -1,18 +1,34 @@
 import { Box, CircularProgress, Grid, Link, Paper, Typography, useTheme } from "@mui/material";
-import { DataRow, Icon, InfoNotification, OHMTokenProps, PrimaryButton } from "@olympusdao/component-library";
+import {
+  DataRow,
+  Icon,
+  InfoNotification,
+  InfoTooltip,
+  Metric,
+  OHMTokenProps,
+  PrimaryButton,
+} from "@olympusdao/component-library";
 import React, { useEffect, useState } from "react";
 import { useNavigate } from "react-router-dom";
 import { Link as RouterLink } from "react-router-dom";
 import PageTitle from "src/components/PageTitle";
 import { WalletConnectedGuard } from "src/components/WalletConnectedGuard";
 import { DAI_ADDRESSES, OHM_ADDRESSES } from "src/constants/addresses";
 import { formatNumber, parseBigNumber } from "src/helpers";
+import CountdownTimer from "src/helpers/CountdownTimer";
 import { DecimalBigNumber } from "src/helpers/DecimalBigNumber/DecimalBigNumber";
+import { useGetDefillamaPrice } from "src/helpers/pricing/useGetDefillamaPrice";
 import { useBalance } from "src/hooks/useBalance";
 import { usePathForNetwork } from "src/hooks/usePathForNetwork";
-import { useOhmPrice } from "src/hooks/useProtocolMetrics";
 import { useTestableNetworks } from "src/hooks/useTestableNetworks";
-import { DetermineRangePrice, OperatorReserveSymbol, RangeBondMaxPayout, RangeData } from "src/views/Range/hooks";
+import {
+  DetermineRangePrice,
+  OperatorPrice,
+  OperatorReserveSymbol,
+  RangeBondMaxPayout,
+  RangeData,
+  RangeNextBeat,
+} from "src/views/Range/hooks";
 import RangeChart from "src/views/Range/RangeChart";
 import RangeConfirmationModal from "src/views/Range/RangeConfirmationModal";
 import RangeInputForm from "src/views/Range/RangeInputForm";
@@ -44,7 +60,19 @@ export const Range = () => {
   const { data: reserveBalance = new DecimalBigNumber("0", 18) } = useBalance(DAI_ADDRESSES)[networks.MAINNET];
   const { data: ohmBalance = new DecimalBigNumber("0", 9) } = useBalance(OHM_ADDRESSES)[networks.MAINNET];
 
-  const currentPrice = useOhmPrice({}) || 0;
+  const { data: currentPrice } = OperatorPrice();
+  const { data: currentMarketPrices } = useGetDefillamaPrice({
+    addresses: [DAI_ADDRESSES[1], OHM_ADDRESSES[1]],
+  });
+  const { data: nextBeat } = RangeNextBeat();
+  //format date for display in local time
+  const nextBeatDateString = nextBeat && nextBeat.toLocaleString();
+
+  const daiPriceUSD = currentMarketPrices?.[`ethereum:${DAI_ADDRESSES[1]}`].price;
+  const ohmPriceUSD = currentMarketPrices?.[`ethereum:${OHM_ADDRESSES[1]}`].price;
+  const marketOhmPriceDAI = daiPriceUSD && ohmPriceUSD ? ohmPriceUSD / daiPriceUSD : 0;
+
+  console;
 
   const maxString = sellActive ? `Max You Can Sell` : `Max You Can Buy`;
 
@@ -78,10 +106,10 @@ export const Range = () => {
   }, [sellActive]);
 
   useEffect(() => {
-    if (currentPrice < parseBigNumber(rangeData.low.cushion.price, 18)) {
+    if (marketOhmPriceDAI < parseBigNumber(rangeData.low.cushion.price, 18)) {
       setSellActive(true);
     }
-  }, [rangeData.low.cushion.price, currentPrice]);
+  }, [rangeData.low.cushion.price, marketOhmPriceDAI]);
 
   const maxBalanceString = `${formatNumber(maxCapacity, 2)} ${buyAsset}  (${formatNumber(
     sellActive ? maxCapacity / bidPrice.price : maxCapacity * askPrice.price,
@@ -109,7 +137,7 @@ export const Range = () => {
 
   const swapPriceFormatted = formatNumber(swapPrice, 2);
 
-  const discount = (currentPrice - swapPrice) / (sellActive ? -currentPrice : currentPrice);
+  const discount = (marketOhmPriceDAI - swapPrice) / (sellActive ? -marketOhmPriceDAI : marketOhmPriceDAI);
 
   const hasPrice = (sellActive && askPrice.price) || (!sellActive && bidPrice.price) ? true : false;
 
@@ -145,6 +173,11 @@ export const Range = () => {
       <Paper sx={{ width: "98%" }}>
         {currentPrice ? (
           <>
+            <Metric
+              label="Market Price"
+              metric={`${formatNumber(marketOhmPriceDAI, 2)} DAI`}
+              tooltip="Market Price uses DefiLlama API, and is also used when calculating premium/discount on RBS"
+            />
             <Grid container>
               <Grid item xs={12} lg={6}>
                 {!rangeDataLoading && (
@@ -157,6 +190,26 @@ export const Range = () => {
                       askPrice={askPrice.price}
                       sellActive={sellActive}
                     />
+                    <Typography fontSize="18px" fontWeight="500" mt="12px">
+                      Snapshot
+                    </Typography>
+                    <DataRow
+                      title="Last Snapshot Price"
+                      balance={
+                        <Box display="flex" alignItems="center">
+                          {formatNumber(currentPrice, 2)} {reserveSymbol}
+                          <Box display="flex" fontSize="12px" alignItems="center">
+                            <InfoTooltip
+                              message={`Snapshot Price is returned from price feed connected to RBS Operator. The current price feed is Chainlink, which updates price if there's a 2% deviation or 24 hours, whichever comes first. The Snapshot Price is used by RBS Operator to turn on/off bond markets.`}
+                            />
+                          </Box>
+                        </Box>
+                      }
+                    />
+                    <DataRow
+                      title="Estimated Next Snapshot"
+                      balance={<>{nextBeat && <CountdownTimer targetDate={nextBeat} />}</>}
+                    />
                   </Box>
                 )}
               </Grid>
@@ -200,7 +253,7 @@ export const Range = () => {
                                 ? "premium"
                                 : "discount"}{" "}
                             of {formatNumber(Math.abs(discount) * 100, 2)}% relative to market price of{" "}
-                            {formatNumber(currentPrice, 2)} {reserveSymbol}
+                            {formatNumber(marketOhmPriceDAI, 2)} {reserveSymbol}
                           </InfoNotification>
                         </Box>
                         <div data-testid="max-row">
@@ -218,18 +271,20 @@ export const Range = () => {
                                   : "Discount"
                             }
                             balance={
-                              <Typography
-                                sx={{
-                                  color: discount > 0 ? theme.colors.feedback.pnlGain : theme.colors.feedback.error,
-                                }}
-                              >
-                                {formatNumber(Math.abs(discount) * 100, 2)}%
-                              </Typography>
+                              <Box display="flex" alignItems="center" style={{ fontSize: "12px" }}>
+                                <Typography
+                                  sx={{
+                                    color: discount > 0 ? theme.colors.feedback.pnlGain : theme.colors.feedback.error,
+                                  }}
+                                >
+                                  {formatNumber(Math.abs(discount) * 100, 2)}%
+                                </Typography>
+                              </Box>
                             }
                           />
                         </div>
                         <div data-testid="swap-price">
-                          <DataRow title={`Swap Price per OHM`} balance={swapPriceFormatted} />
+                          <DataRow title={`RBS quote per OHM`} balance={`${swapPriceFormatted} ${reserveSymbol}`} />
                         </div>
                         <Box mt="8px">
                           <WalletConnectedGuard fullWidth>