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156 changes: 156 additions & 0 deletions src/adaptors/brix/index.js
Original file line number Diff line number Diff line change
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const sdk = require('@defillama/sdk');
const axios = require('axios');

const ITRY = '0xb492B4aFD9658093694CF9452D5C272e8230F3B0';
const WITRY = '0xE346C29b5B60Ef870b9724c57ccfbBc631e47DEE';

const LOOKBACK_DAYS = 7;
const SCAN_DAYS = 21;
const SECONDS_PER_DAY = 86400;
const DAYS_PER_YEAR = 365;
const ONE_WITRY = '1000000000000000000';

const abiConvertToAssets =
'function convertToAssets(uint256 shares) view returns (uint256)';
const abiTotalAssets = 'uint256:totalAssets';
const abiGetVestingPeriod = 'function getVestingPeriod() view returns (uint256)';
const eventRewardsReceived = 'event RewardsReceived(uint256 amount)';

async function getRateAtBlock(block) {
const { output } = await sdk.api.abi.call({
target: WITRY,
abi: abiConvertToAssets,
params: [ONE_WITRY],
chain: 'ethereum',
block,
});
return Number(output) / 1e18;
}

// Distribution-anchored APY.
//
// Both endpoints of the lookback are anchored to actual on-chain
// RewardsReceived events. When no distribution arrives (Turkish holidays,
// weekends, bayrams) both anchors freeze → APY stays flat. The catch-up
// distribution at the end of a gap is absorbed symmetrically by both
// anchors → no spike.
//
// Vesting-aware sampling: wiTRY follows the Ethena V2 pattern where
// RewardsReceived adds to vestingAmount and unlocks linearly over
// getVestingPeriod() seconds (currently 1h). totalAssets() subtracts the
// unvested amount, so convertToAssets() at the event's own block reflects
// the pre-distribution state. To capture the distribution's effect we
// sample the rate at event.ts + vestingPeriod (clamped to latest block).
const apy = async () => {
const latest = await sdk.api.util.getLatestBlock('ethereum');

// Query vestingPeriod from the contract — don't hardcode. Wired up
// because the VestingPeriodUpdated admin event implies this is mutable.
const { output: vestingPeriodRaw } = await sdk.api.abi.call({
target: WITRY,
abi: abiGetVestingPeriod,
chain: 'ethereum',
});
const vestingPeriod = Number(vestingPeriodRaw);

const fromTs = latest.timestamp - SCAN_DAYS * SECONDS_PER_DAY;
const { block: fromBlock } = await sdk.api.util.lookupBlock(fromTs, {
chain: 'ethereum',
});

// Pull every distribution event in the scan window.
const rawLogs = await sdk.getEventLogs({
target: WITRY,
eventAbi: eventRewardsReceived,
fromBlock,
toBlock: latest.number,
chain: 'ethereum',
});

// Each log needs a timestamp — fetch in parallel.
const events = await Promise.all(
rawLogs.map(async (l) => {
const ts = await sdk.api.util.getTimestamp(l.blockNumber, 'ethereum');
return { block: l.blockNumber, ts };
}),
);
events.sort((a, b) => a.ts - b.ts);

// Anchor selection. With <2 events we can't compute a meaningful
// 7-day rate (early launch days). Leave apyBase as null so the value
// is not ingested into the DefiLlama time-series — a 0 would be read
// as "APY was 0%" and skew downstream smoothing / averages.
let apyBase = null;
if (events.length >= 2) {
const endEvent = events[events.length - 1];
const startTarget = endEvent.ts - LOOKBACK_DAYS * SECONDS_PER_DAY;
let startEvent = events[0];
for (let i = events.length - 1; i >= 0; i--) {
if (events[i].ts <= startTarget) {
startEvent = events[i];
break;
}
}

// Sample rates at (event.ts + vestingPeriod) so the distribution
// emitted by each anchor event is fully reflected in convertToAssets.
// Clamp end to the latest block so we never query the future.
const endSampleTs = Math.min(latest.timestamp, endEvent.ts + vestingPeriod);
const startSampleTs = startEvent.ts + vestingPeriod;
const [{ block: endBlock }, { block: startBlock }] = await Promise.all([
sdk.api.util.lookupBlock(endSampleTs, { chain: 'ethereum' }),
sdk.api.util.lookupBlock(startSampleTs, { chain: 'ethereum' }),
]);

const rateEnd = await getRateAtBlock(endBlock);
const rateStart = await getRateAtBlock(startBlock);
const elapsedDays = (endSampleTs - startSampleTs) / SECONDS_PER_DAY;

// convertToAssets growth is already net of the 10% performance fee —
// YieldForwarder deducts it before streaming iTRY into the vault.
if (elapsedDays > 0 && rateStart > 0) {
const ratioReturn = rateEnd / rateStart - 1;
apyBase =
(Math.pow(1 + ratioReturn, DAYS_PER_YEAR / elapsedDays) - 1) * 100;
}
}

const { output: totalAssetsRaw } = await sdk.api.abi.call({
target: WITRY,
abi: abiTotalAssets,
chain: 'ethereum',
});
const priceKey = `ethereum:${ITRY}`;
const priceResp = await axios.get(
`https://coins.llama.fi/prices/current/${priceKey}`,
);
const iTryPrice = priceResp.data.coins[priceKey]?.price ?? 0;
const tvlUsd = (Number(totalAssetsRaw) / 1e18) * iTryPrice;

// Current pricePerShare for the ERC-4626 vault: 1 wiTRY → N iTRY at the
// latest block. Sampled live (not from the APY anchors) so the UI always
// shows the current redemption rate.
const pricePerShare = await getRateAtBlock(latest.number);

return [
{
pool: `${WITRY.toLowerCase()}-ethereum`,
chain: 'Ethereum',
project: 'brix',
symbol: 'wiTRY',
tvlUsd,
apyBase,
underlyingTokens: [ITRY],
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pls add pricePerShare field

pricePerShare,
isIntrinsicSource: true,
poolMeta: 'APY · distribution-anchored 7d',
url: 'https://app.brix.money',
},
];
};

module.exports = {
timetravel: false,
apy,
url: 'https://app.brix.money',
};
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