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Charge CIP-88 quote budget contributions in margin per trade #406

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Charge CIP-88 quote budget contributions in margin per trade #406

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25 changes: 17 additions & 8 deletions cowprotocol/accounting/margins/margin_per_trade_6371781.sql
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@ma7ia5 ma7ia5 Oct 14, 2026

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This query is outdated and replaced by dune dbt models. Better to delete it

Original file line number Diff line number Diff line change
Expand Up @@ -93,13 +93,13 @@ native_prices as (
(timestamp '2010-01-01 00:00', timestamp '2025-08-12 00:00', 0.0002, 6, 'arbitrum'),
(timestamp '2010-01-01 00:00', timestamp '2025-08-12 00:00', 0.0005, 6, 'avalanche_c'),
(timestamp '2010-01-01 00:00', timestamp '2025-08-12 00:00', 0.5, 6, 'polygon'),
-- Post CIP 72
(timestamp '2025-08-12 00:00', timestamp '2099-01-01 00:00', 0.0007, 6, 'ethereum'),
(timestamp '2025-08-12 00:00', timestamp '2099-01-01 00:00', 0.15, 6, 'gnosis'),
(timestamp '2025-08-12 00:00', timestamp '2099-01-01 00:00', 0.00024, 6, 'base'),
(timestamp '2025-08-12 00:00', timestamp '2099-01-01 00:00', 0.00024, 6, 'arbitrum'),
(timestamp '2025-08-12 00:00', timestamp '2099-01-01 00:00', 0.0006, 6, 'avalanche_c'),
(timestamp '2025-08-12 00:00', timestamp '2099-01-01 00:00', 0.6, 6, 'polygon')
-- Post CIP 72, until CIP 88 replaced flat quote rewards with a weekly budget
(timestamp '2025-08-12 00:00', timestamp '2026-10-06 00:00', 0.0007, 6, 'ethereum'),
(timestamp '2025-08-12 00:00', timestamp '2026-10-06 00:00', 0.15, 6, 'gnosis'),
(timestamp '2025-08-12 00:00', timestamp '2026-10-06 00:00', 0.00024, 6, 'base'),
(timestamp '2025-08-12 00:00', timestamp '2026-10-06 00:00', 0.00024, 6, 'arbitrum'),
(timestamp '2025-08-12 00:00', timestamp '2026-10-06 00:00', 0.0006, 6, 'avalanche_c'),
(timestamp '2025-08-12 00:00', timestamp '2026-10-06 00:00', 0.6, 6, 'polygon')
) as t(from_ts, until_ts, quote_cap_native, quote_cap_cow, blockchain)
)
, conv_native_to_cow as (
Expand All @@ -115,14 +115,23 @@ native_prices as (
, quote_rewards as (
select
prep.*
, coalesce(if(quote_solver is not null, least(cap.quote_cap_cow, cap.quote_cap_native * p.native_to_cow_rate) / p.native_to_cow_rate, 0), 0) as quote_reward
, if(
prep.block_time > timestamp '2026-10-06 00:00'
-- since CIP 88, quote rewards are paid from a weekly budget: a trade's quote reward is its contribution to that budget
, coalesce(fr.quote_budget_contribution_native, 0)
, coalesce(if(quote_solver is not null, least(cap.quote_cap_cow, cap.quote_cap_native * p.native_to_cow_rate) / p.native_to_cow_rate, 0), 0)
) as quote_reward
from prep_rewards as prep
left join quote_cap_mapping as cap
on prep.block_time > cap.from_ts
and prep.block_time <= cap.until_ts
and cap.blockchain = '{{blockchain}}'
left join conv_native_to_cow as p
on date_trunc('week', prep.block_time - interval '1' day) + interval '8' day = p.date
left join dune.cowprotocol.fct_rewards as fr
on fr.blockchain = '{{blockchain}}'
and prep.tx_hash = fr.tx_hash
and prep.order_uid = fr.order_uid
)
select
fees.blockchain
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