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330 changes: 330 additions & 0 deletions src/adaptors/strato/index.js
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const sdk = require('@defillama/sdk');

const utils = require('../utils');

const CHAIN = 'strato';
const PROJECT = 'strato';
const URL = 'https://app.strato.nexus';

const RAY = 10n ** 27n;
const SECONDS_PER_YEAR = 31_536_000;

// Core protocol contracts (system precompile-style addresses) + live deployments.
const PRICE_ORACLE = '0x0000000000000000000000000000000000001002';
const LENDING_REGISTRY = '0x0000000000000000000000000000000000001007';
const LENDING_POOL = '0x0000000000000000000000000000000000001005';
const POOL_FACTORY = '0x000000000000000000000000000000000000100a';
const SAVE_USDST_VAULT = '0x22550671fcad04a213697ac7ae4f4366e96446ed';
const STAKING = '0xf30a022ce83bed7adeafc286c719388dcc3b3988';
const USDST = '0x937efa7e3a77e20bbdbd7c0d32b6514f368c1010';
const STRATO = '0x2ca3e170e6714282da77815f7864b17f612f5f83';

const NULL_ADDRESS = '0x0000000000000000000000000000000000000000';

// ---- helpers ---------------------------------------------------------------

const call = async (target, abi, params) =>
(await sdk.api.abi.call({ target, abi, params, chain: CHAIN })).output;

// Compound a per-second RAY (1e27) growth factor to an annual percentage.
// Isolate the small per-second increment before converting to float to keep precision.
const rayPerSecondToApy = (rayFactor) => {
const increment = Number(BigInt(rayFactor) - RAY) / 1e27;
return (Math.pow(1 + increment, SECONDS_PER_YEAR) - 1) * 100;
};

// DefiLlama prices most STRATO tokens (USDST, GOLDST, ETH, ...). Tokens it does
// not index (e.g. STRATO) fall back to the on-chain PriceOracle (1e18 USD).
const getPrices = async (tokens) => {
const uniq = [...new Set(tokens.map((t) => t.toLowerCase()))];
const keyFor = (a) => `${CHAIN}:${a}`;

let coins = {};
try {
const path = `/prices/current/${uniq.map(keyFor).join(',')}`;
coins = (await utils.getPriceApiData(path)).coins || {};
} catch (e) {
coins = {};
}

const prices = {};
for (const a of uniq) {
const c = coins[keyFor(a)];
if (c && Number.isFinite(c.price) && c.price > 0) {
prices[a] = c.price;
continue;
}
try {
const p = await call(
PRICE_ORACLE,
'function getAssetPrice(address) view returns (uint256)',
a
);
const v = Number(BigInt(p)) / 1e18;
if (Number.isFinite(v) && v > 0) prices[a] = v;
} catch (e) {
// no price available — caller decides whether to skip the pool
}
}
return prices;
};

// ---- pools -----------------------------------------------------------------

// saveUSDST savings vault: USDST in, share token appreciates at the savings rate.
async function saveVaultPool() {
const [totalAssets, savingsRate] = await Promise.all([
call(SAVE_USDST_VAULT, 'function totalAssets() view returns (uint256)'),
call(
SAVE_USDST_VAULT,
'function perSecondSavingsRate() view returns (uint256)'
),
]);

const prices = await getPrices([USDST]);
const usdstPrice = prices[USDST.toLowerCase()];
if (!usdstPrice) return [];

return [
{
pool: `${SAVE_USDST_VAULT}-strato`.toLowerCase(),
chain: utils.formatChain(CHAIN),
project: PROJECT,
symbol: 'USDST',
tvlUsd: (Number(BigInt(totalAssets)) / 1e18) * usdstPrice,
apyBase: rayPerSecondToApy(savingsRate),
underlyingTokens: [USDST],
poolMeta: 'saveUSDST savings vault',
url: URL,
},
];
}

// USDST lending pool. Supply rate = borrow rate * utilization * (1 - reserveFactor),
// compounded per-second before annualizing. TVL is available cash (liquidity).
async function lendingPool() {
const prices = await getPrices([USDST]);
const usdstPrice = prices[USDST.toLowerCase()];
if (!usdstPrice) return [];

const [borrowIndex, totalScaledDebt, cfg, liquidityPool] = await Promise.all([
call(LENDING_POOL, 'function previewBorrowIndex() view returns (uint256)'),
call(LENDING_POOL, 'function totalScaledDebt() view returns (uint256)'),
call(
LENDING_POOL,
'function getAssetConfig(address) view returns (uint256 ltv, uint256 liquidationThreshold, uint256 liquidationBonus, uint256 interestRate, uint256 reserveFactor, uint256 perSecondFactorRAY)',
USDST
),
call(LENDING_REGISTRY, 'function liquidityPool() view returns (address)'),
]);

const cash = BigInt(await call(USDST, 'erc20:balanceOf', liquidityPool));
const borrows = (BigInt(totalScaledDebt) * BigInt(borrowIndex)) / RAY;
const supplied = cash + borrows;
if (supplied === 0n) return [];

const totalSupplied = Number(supplied) / 1e18;
const totalBorrows = Number(borrows) / 1e18;
const utilization = totalBorrows / totalSupplied;

const reserveFactor = Number(cfg.reserveFactor ?? cfg[4]) / 1e4;
const ltv = Number(cfg.ltv ?? cfg[0]) / 1e4;
// Derive the supply per-second rate before annualizing; compounding the
// borrow APY first would overstate the supply APY.
const borrowRatePerSecond =
Number(BigInt(cfg.perSecondFactorRAY ?? cfg[5]) - RAY) / 1e27;
const borrowApy =
(Math.pow(1 + borrowRatePerSecond, SECONDS_PER_YEAR) - 1) * 100;
const supplyRatePerSecond =
borrowRatePerSecond * utilization * (1 - reserveFactor);
const supplyApy =
(Math.pow(1 + supplyRatePerSecond, SECONDS_PER_YEAR) - 1) * 100;

return [
{
pool: `${LENDING_POOL}-strato`.toLowerCase(),
chain: utils.formatChain(CHAIN),
project: PROJECT,
symbol: 'USDST',
tvlUsd: (Number(cash) / 1e18) * usdstPrice,
apyBase: supplyApy,
apyBaseBorrow: borrowApy,
totalSupplyUsd: totalSupplied * usdstPrice,
totalBorrowUsd: totalBorrows * usdstPrice,
ltv,
borrowable: true,
underlyingTokens: [USDST],
poolMeta: 'lendUSDST lending',
url: URL,
},
];
}

// STRATO staking. Rewards are paid in STRATO, so apyReward is price-independent.
async function stakingPool() {
const [totalStake, rewardAmount, periodStart, periodFinish] =
await Promise.all([
call(STAKING, 'function totalRewardableStake() view returns (uint256)'),
call(STAKING, 'function rewardPeriodAmount() view returns (uint256)'),
call(STAKING, 'function periodStart() view returns (uint256)'),
call(STAKING, 'function periodFinish() view returns (uint256)'),
]);

const totalStakeBI = BigInt(totalStake);
if (totalStakeBI === 0n) return [];

const prices = await getPrices([STRATO]);
const stratoPrice = prices[STRATO.toLowerCase()];
if (!stratoPrice) return [];

const now = Math.floor(Date.now() / 1000);
const duration = Number(periodFinish) - Number(periodStart);

let apyReward = 0;
if (
Number(periodStart) <= now &&
Number(periodFinish) > now &&
duration > 0
) {
const annualReward =
(Number(BigInt(rewardAmount)) / 1e18) * (SECONDS_PER_YEAR / duration);
const stakedTokens = Number(totalStakeBI) / 1e18;
apyReward = (annualReward / stakedTokens) * 100;
}
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return [
{
pool: `${STAKING}-strato`.toLowerCase(),
chain: utils.formatChain(CHAIN),
project: PROJECT,
symbol: 'STRATO',
tvlUsd: (Number(totalStakeBI) / 1e18) * stratoPrice,
apyReward,
rewardTokens: [STRATO],
underlyingTokens: [STRATO],
poolMeta: 'STRATO staking',
url: URL,
},
];
}

async function enumeratePools() {
const pools = [];
for (let i = 0; i < 500; i++) {
let addr;
try {
addr = await call(
POOL_FACTORY,
'function allPools(uint256) view returns (address)',
i
);
} catch (e) {
break; // out of bounds -> reverts
}
if (!addr || addr.toLowerCase() === NULL_ADDRESS) break;
pools.push(addr.toLowerCase());
}
return pools;
}

// AMM LP pools. TVL is read from on-chain reserves. Swap fees are not reported:
// the pool fee rate has no public getter over eth_call, and the active pools have
// no swap volume in a trailing window, so base APY would be 0 regardless. Pools are
// reported TVL-only (apyBase 0); fee APY can be added if a fee getter is exposed.
async function ammPools() {
const poolAddrs = await enumeratePools();
if (!poolAddrs.length) return [];

const metas = [];
for (const pool of poolAddrs) {
try {
const [tokenA, tokenB] = await Promise.all([
call(pool, 'function tokenA() view returns (address)'),
call(pool, 'function tokenB() view returns (address)'),
]);
const [balA, balB] = await Promise.all([
call(tokenA, 'erc20:balanceOf', pool),
call(tokenB, 'erc20:balanceOf', pool),
]);
metas.push({
pool,
tokenA: tokenA.toLowerCase(),
tokenB: tokenB.toLowerCase(),
balA: BigInt(balA),
balB: BigInt(balB),
});
} catch (e) {
// not a readable 2-token pool -> skip
}
}

const active = metas.filter((m) => m.balA > 0n || m.balB > 0n);
if (!active.length) return [];

const tokens = [...new Set(active.flatMap((m) => [m.tokenA, m.tokenB]))];
const [prices, symbols] = await Promise.all([
getPrices(tokens),
(async () => {
const s = {};
for (const t of tokens) {
try {
s[t] = await call(t, 'erc20:symbol');
} catch (e) {
s[t] = '?';
}
}
return s;
})(),
]);

const pools = [];
for (const m of active) {
const priceA = prices[m.tokenA];
const priceB = prices[m.tokenB];
if (!priceA || !priceB) continue; // avoid mispriced TVL

const tvlUsd =
(Number(m.balA) / 1e18) * priceA + (Number(m.balB) / 1e18) * priceB;
if (!Number.isFinite(tvlUsd) || tvlUsd <= 0) continue;

pools.push({
pool: `${m.pool}-strato`.toLowerCase(),
chain: utils.formatChain(CHAIN),
project: PROJECT,
symbol: utils.formatSymbol(`${symbols[m.tokenA]}-${symbols[m.tokenB]}`),
tvlUsd,
apyBase: 0,
underlyingTokens: [m.tokenA, m.tokenB],
poolMeta: 'AMM LP',
url: URL,
});
}

return pools;
}

const apy = async () => {
const groups = await Promise.all([
saveVaultPool().catch(() => []),
lendingPool().catch(() => []),
stakingPool().catch(() => []),
ammPools().catch(() => []),
]);

return groups
.flat()
.filter(Boolean)
.filter((p) => {
// Lending pools report available liquidity as tvlUsd but are sized by
// gross supply downstream, so gate them on totalSupplyUsd to match.
const size = p.totalSupplyUsd ?? p.tvlUsd;
return Number.isFinite(size) && size >= utils.MIN_TVL_USD;
});
};

module.exports = {
protocolId: '7862',
timetravel: false,
apy,
url: `${URL}/pools`,
};
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