add performance fee for delta neutral strats

strkfarm · Sep 13, 2024 · 3b3f7db · 3b3f7db
1 parent 6cdc3d7
commit 3b3f7db
Show file tree

Hide file tree

Showing 4 changed files with 23 additions and 16 deletions.
diff --git a/src/app/strategy/[strategyId]/_components/Strategy.tsx b/src/app/strategy/[strategyId]/_components/Strategy.tsx
@@ -23,6 +23,7 @@ import {
   TabPanels,
   Tabs,
   Text,
+  Tooltip,
   VStack,
   Wrap,
   WrapItem,
@@ -159,12 +160,14 @@ const Strategy = ({ params }: StrategyParams) => {
                       <StatLabel textAlign={{ base: 'left', md: 'right' }}>
                         APY
                       </StatLabel>
-                      <StatNumber
-                        color="cyan"
-                        textAlign={{ base: 'left', md: 'right' }}
-                      >
-                        {(strategy.netYield * 100).toFixed(2)}%
-                      </StatNumber>
+                      <Tooltip label="Effective APY after removing fees. We charge a 10% performance fee on the rewards generated.">
+                        <StatNumber
+                          color="cyan"
+                          textAlign={{ base: 'left', md: 'right' }}
+                        >
+                          {(strategy.netYield * 100).toFixed(2)}%
+                        </StatNumber>
+                      </Tooltip>
                       <StatHelpText textAlign={{ base: 'left', md: 'right' }}>
                         {strategy.leverage.toFixed(2)}x boosted
                       </StatHelpText>

diff --git a/src/components/Deposit.tsx b/src/components/Deposit.tsx
@@ -329,15 +329,6 @@ export default function Deposit(props: DepositProps) {
         />
       </Center>
 
-      <Text
-        textAlign="center"
-        color="disabled_bg"
-        fontSize="12px"
-        marginTop="20px"
-      >
-        No additional fees by STRKFarm
-      </Text>
-
       <Box width="100%" marginTop={'15px'}>
         <Flex justifyContent="space-between">
           <Text fontSize={'12px'} color="color2" fontWeight={'bold'}>

diff --git a/src/strategies/IStrategy.ts b/src/strategies/IStrategy.ts
@@ -92,6 +92,7 @@ export class IStrategyProps {
   actions: StrategyAction[] = [];
   netYield: number = 0;
   leverage: number = 0;
+  fee_factor = 0; // in absolute terms, not %
   status = StrategyStatus.UNINTIALISED;
 
   readonly rewardTokens: { logo: string }[];

diff --git a/src/strategies/delta_neutral_mm.ts b/src/strategies/delta_neutral_mm.ts
@@ -31,6 +31,7 @@ export class DeltaNeutralMM extends IStrategy {
   readonly strategyAddress: string;
   // Factor of Amount to be deposited/borrowed at each step relative to the previous step
   readonly stepAmountFactors: number[];
+  fee_factor = 0.1; // 10% fee
 
   constructor(
     token: TokenInfo,
@@ -149,10 +150,21 @@ export class DeltaNeutralMM extends IStrategy {
     const _amount = (
       Number(amount) * this.stepAmountFactors[actions.length]
     ).toFixed(2);
+    const pool = { ...eligiblePools[0] };
+    const isDeposit = actions.length == 0 || actions.length == 2;
+    const effectiveAPR = pool.aprSplits.reduce((a, b) => {
+      if (b.apr == 'Err') return a;
+      if (!isDeposit) return a + Number(b.apr);
+      if (b.title.includes('STRK rewards')) {
+        return a + Number(b.apr) * (1 - this.fee_factor);
+      }
+      return a + Number(b.apr);
+    }, 0);
+    pool.apr = isDeposit ? effectiveAPR : pool.borrow.apr;
     return [
       ...actions,
       {
-        pool: eligiblePools[0],
+        pool,
         amount: _amount,
         isDeposit: actions.length == 0 || actions.length == 2,
       },