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Reservoir protocol #14502

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2a36d54
price and tvl calc for kodiak pool
eukadish Apr 30, 2025
5eb1b8e
fix balance calc
eukadish Apr 30, 2025
fc51532
Add berachain to reservoir config
bosswissam Apr 30, 2025
5345fed
Fix api call parameters, normalize LP to USDC.e
bosswissam Apr 30, 2025
a28b937
Remove duplicate variable
bosswissam Apr 30, 2025
eca76e6
Denominate BYUSD-HONEY staked position in BYUSD-HONEY-STABLE
bosswissam May 1, 2025
82174d4
Add support for kodiak islands
bosswissam May 1, 2025
8e56321
Remove unused enum, simplify LP calculation, calculate token holdings
bosswissam May 1, 2025
73e0159
Add PT-sUSDE-29MAY2025, use api.sumTokens
bosswissam May 1, 2025
c89e030
Generalize code
bosswissam May 1, 2025
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144 changes: 100 additions & 44 deletions projects/reservoir-protocol/index.js
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Original file line number Diff line number Diff line change
@@ -1,53 +1,109 @@
const ADDRESSES = require('../helper/coreAssets.json')
const ADDRESSES = require('../helper/coreAssets.json');

const tokenOwners = [
'0x0db79c0770E1C647b8Bb76D94C22420fAA7Ac181',
'0x6811742721DcCe83942739d44E40f140B5BCee37',
'0x8Cc5a546408C6cE3C9eeB99788F9EC3b8FA6b9F3',
'0x5563CDA70F7aA8b6C00C52CB3B9f0f45831a22b1',
'0x4809010926aec940b550D34a46A52739f996D75D'
];

const config = {
ethereum: [
// https://docs.reservoir.xyz/products/proof-of-reserves
'0x0c7e4342534e6e8783311dCF17828a2aa0951CC7',
'0x9BB2c38F57883E5285b7c296c66B9eEA4769eF80',
'0x99A95a9E38e927486fC878f41Ff8b118Eb632b10',
'0xE45321525c85fcc418C88E606B96daD8cBcc047f',
'0x841DB2cA7E8A8C2fb06128e8c58AA162de0CfCbC',
'0x99E8903bdEFB9e44cd6A24B7f6F97dDd071549bc'
// '0x31Eae643b679A84b37E3d0B4Bd4f5dA90fB04a61', - exluded RUSD because it is project's own token
ethereum: {
tokens: [
ADDRESSES.ethereum.USDC,
'0xb7de5dfcb74d25c2f21841fbd6230355c50d9308'
],
fundAdapters: [
// https://docs.reservoir.xyz/products/proof-of-reserves
'0x0c7e4342534e6e8783311dCF17828a2aa0951CC7',
'0x9BB2c38F57883E5285b7c296c66B9eEA4769eF80',
'0x99A95a9E38e927486fC878f41Ff8b118Eb632b10',
'0xE45321525c85fcc418C88E606B96daD8cBcc047f',
'0x841DB2cA7E8A8C2fb06128e8c58AA162de0CfCbC',
'0x99E8903bdEFB9e44cd6A24B7f6F97dDd071549bc'
// '0x31Eae643b679A84b37E3d0B4Bd4f5dA90fB04a61', - exluded RUSD because it is project's own token
],
lps: []
},
berachain: {
tokens: [
'0xdE04c469Ad658163e2a5E860a03A86B52f6FA8C8',
'0x549943e04f40284185054145c6E4e9568C1D3241',
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this is LP token that has already counted in lps

ADDRESSES.berachain.HONEY,
'0x688e72142674041f8f6af4c808a4045ca1d6ac82',
'0x7fd165b73775884a38aa8f2b384a53a3ca7400e6',
'0x1fb6c1ade4f9083b2ea42ed3fa9342e41788d4b5'
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this is lp token too

],
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this is lp token too

fundAdapters: [],
lps: [
{
name: 'BYUSD-HONEY-STABLE',
token: '0xdE04c469Ad658163e2a5E860a03A86B52f6FA8C8',
vault: '0xbbB228B0D7D83F86e23a5eF3B1007D0100581613',
holder: '0x0db79c0770E1C647b8Bb76D94C22420fAA7Ac181'
},
{
name: 'rUSD-HONEY',
token: '0x7fd165B73775884a38AA8f2B384A53A3Ca7400E6',
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please export any TVL from ruSD-XXXX LPs as pool2 and exclude them from the main tvl export

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@bosswissam bosswissam May 1, 2025 •
edited
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@waynebruce0x This is not different than our core TVL. Instead of USDC being deployed into morpho for example, it's being bridged to Berachain and deployed into a liquidity.

pool2 makes no sense for this. This is our core TVL on Berachain. We are simply trying to denote our TVL on Berachain vs Mainnet.

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Are we counting the collateral backing these bridged tokens?

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@waynebruce0x

We're not double-counting if that's what you're asking.

USDC is deposited in our PSM, and once we bridge it to Berachain it's not counted on Mainnet anymore. Right now we are only counting USDC in our asset adapters (missing one) on Mainnet.

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We should count the USDC in the PSM instead of the rUSD supply

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This is the protocol minting more rUSD backed by USDC to get exposure into this asset. Please merge this as it aligns with how the protocol generates yield

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how do you mean to get exposure into this asset? can you explain a bit more

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hi @bosswissam can you give more info about your USDC PSM? otherwise, we can not merge this

vault: '0x1C5879B75be9E817B1607AFb6f24F632eE6F8820',
holder: '0x6811742721DcCe83942739d44E40f140B5BCee37'
},
{
name: 'rUSD-USD₮0',
token: '0x1fb6c1aDE4F9083b2EA42ED3fa9342e41788D4b5',
vault: '0xc6De36eceD67db9c17919708865b3eE94a7D987C',
holder: '0x8Cc5a546408C6cE3C9eeB99788F9EC3b8FA6b9F3'
}
]
}
}
};

async function calculateLPPosition(api, lp) {
const { token, vault, holder } = lp;

const balance = await api.call({
abi: 'erc20:balanceOf',
target: vault,
params: [holder]
});

Object.keys(config).forEach(chain => {
if (chain === 'berachain') {
const lpToken = '0xbbB228B0D7D83F86e23a5eF3B1007D0100581613';
const honeyToken = '0xFCBD14DC51f0A4d49d5E53C2E0950e0bC26d0Dce';
const byusdToken = '0x688e72142674041f8f6af4c808a4045ca1d6ac82';
api.add(token, balance);
}

const owner = '0x0db79c0770E1C647b8Bb76D94C22420fAA7Ac181';
async function calculateFundAdaptersPositions(api, fundAdapters) {
const tokens = await api.multiCall({
abi: 'address:underlying',
calls: fundAdapters
});
const bals = await api.multiCall({
abi: 'uint256:totalValue',
calls: fundAdapters
});
const decimals = await api.multiCall({
abi: 'uint8:decimals',
calls: tokens
});
bals.forEach((v, i) => (bals[i] = v * 10 ** (decimals[i] - 18)));
api.add(tokens, bals);
}

module.exports[chain] = {
tvl: async (api) => {
const lpBalance = await api.call({ abi: 'address:balanceOf', target: lpToken, params: owner })
const honeyBalance = await api.call({ abi: 'address:balanceOf', target: honeyToken, params: owner })
const byusdBalance = await api.call({ abi: 'address:balanceOf', target: byusdToken, params: owner })
Object.keys(config).forEach((chain) => {
module.exports[chain] = {
tvl: async (api) => {
// Add fund adapters
await calculateFundAdaptersPositions(api, config[chain].fundAdapters);

api.add(lpToken, lpBalance);
api.add(honeyToken, honeyBalance)
api.add(byusdToken, byusdBalance)
// Add LPs
await Promise.all(
config[chain].lps.map(async (lp) => await calculateLPPosition(api, lp))
);

return api.getBalances()
}
}
}
else if (chain === 'ethereum') {
const funds = config[chain]
module.exports[chain] = {
tvl: async (api) => {
const tokens = await api.multiCall({ abi: 'address:underlying', calls: funds })
const bals = await api.multiCall({ abi: 'uint256:totalValue', calls: funds })
const decimals = await api.multiCall({ abi: 'uint8:decimals', calls: tokens })
bals.forEach((v, i) => bals[i] = v * 10 ** (decimals[i] - 18))
api.add(tokens, bals)
return api.sumTokens({
owner: '0x4809010926aec940b550D34a46A52739f996D75D', token: ADDRESSES.ethereum.USDC
})
}
}
// Add token holdings
return api.sumTokens({
tokens: config[chain].tokens,
owners: tokenOwners
});
}
})
};
});
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