Skip to content
New issue

Have a question about this project? Sign up for a free GitHub account to open an issue and contact its maintainers and the community.

Sign up for GitHub

By clicking “Sign up for GitHub”, you agree to our terms of service and privacy statement. We’ll occasionally send you account related emails.

Already on GitHub? Sign in to your account

node/hack: Print potential USD stablecoins that appear depegged #4130

Merged
merged 2 commits into from
Oct 8, 2024
Merged

node/hack: Print potential USD stablecoins that appear depegged #4130

Changes from all commits
Commits
Show all changes
2 commits
Select commit Hold shift + click to select a range
573c3ef
node/hack: Print potential USD stablecoins that appear depegged
djb15 Oct 7, 2024
f94d007
PR feedback
djb15 Oct 7, 2024
File filter

Filter by extension

Filter by extension
Conversations
Failed to load comments.
Loading
Jump to
Jump to file
Failed to load files.
Loading
Diff view
Diff view
39 changes: 39 additions & 0 deletions node/hack/governor/src/index.ts
View file
Open in desktop
Original file line number Diff line number Diff line change
Expand Up @@ -14,6 +14,29 @@ import { arrayify, zeroPad } from "ethers/lib/utils";
const MinNotional = 0;
// Price change tolerance in %. Fallback to 30%
const PriceDeltaTolerance = process.env.PRICE_TOLERANCE ? Math.min(100, Math.max(0, parseInt(process.env.PRICE_TOLERANCE))) : 30;
// The percentage by which the price deviates from $1 to be considered depegged
const usdDepegPercentage = process.env.DEPEG_PERCENTAGE ? Math.min(100, Math.max(0, parseInt(process.env.DEPEG_PERCENTAGE))) : 10;
const usdPeggedStablecoins = [
"USD", // Matches with USDT, USDC, BUSD, etc.
"PAX", // Pax Dollar
"DAI", // Dai
"RSV", // Reserve
"VAI", // Vai
"FRAX", // Frax
"FEI", // Fei
];
const expectedUSDDepeggs = [
"2-00000000000000000000000045804880de22913dafe09f4980848ece6ecbaf78-PAXG", // This is PaxGold and not pegged to $1
"2-000000000000000000000000d13cfd3133239a3c73a9e535a5c4dadee36b395c-VAI", // This is Vaiot, not the VAI stablecoin
"5-000000000000000000000000ee327f889d5947c1dc1934bb208a1e792f953e96-frxETH", // Frax ETH
"23-0000000000000000000000009d2f299715d94d8a7e6f5eaa8e654e8c74a988a7-FXS", // Frax Share
"2-0000000000000000000000003432b6a60d23ca0dfca7761b7ab56459d9c964d0-FXS", // Frax Share
"23-00000000000000000000000051318b7d00db7acc4026c88c3952b66278b6a67f-PLS", // Plutus DAO
"3-0100000000000000000000000000000000000000000000000000000075757364-UST", // Terra USD
"2-000000000000000000000000dfdb7f72c1f195c5951a234e8db9806eb0635346-NFD", // Feisty Doge NFT
"2-00000000000000000000000000c5ca160a968f47e7272a0cfcda36428f386cb6-USDEBT", // US Debt Meme coin
"4-00000000000000000000000011a38e06699b238d6d9a0c7a01f3ac63a07ad318-USDFI", // USDFI is a protocol, not a stablecoin
]

const axios = require("axios");
const fs = require("fs");
Expand Down Expand Up @@ -54,6 +77,7 @@ if (fs.existsSync(IncludeFileName)) {
var existingTokenPrices = {};
var existingTokenKeys: string[] = [];
var newTokenKeys = {};
var depeggedUSDStablecoins = [];

fs.readFile("../../pkg/governor/generated_mainnet_tokens.go", "utf8", function(_, doc) {
var matches = doc.matchAll(/{chain: (?<chain>[0-9]+).+addr: "(?<addr>[0-9a-fA-F]+)".*symbol: "(?<symbol>.*)", coin.*price: (?<price>.*)}.*\n/g);
Expand Down Expand Up @@ -174,6 +198,18 @@ axios
}
}

// This token looks like a USD stablecoin
if (usdPeggedStablecoins.findIndex(element => data.Symbol.toLowerCase().includes(element.toLowerCase()) || data.CoinGeckoId.toLowerCase().includes(element.toLowerCase())) != -1 ) {
// The token price has deviated significantly from $1
if (data.TokenPrice > 1 * ((100 + usdDepegPercentage) / 100) || data.TokenPrice < 1 * ((100 - usdDepegPercentage) / 100)) {
var uniqueIdentifier = chain + "-" + wormholeAddr + "-" + data.Symbol;
// Skip tokens that are not expected to be pegged to $1
if (!expectedUSDDepeggs.includes(uniqueIdentifier)) {
depeggedUSDStablecoins.push(uniqueIdentifier + " = " + data.TokenPrice);
}
}
}

// This is a new token
if (existingTokenPrices[chain] == undefined || existingTokenPrices[chain][wormholeAddr] == undefined) {
addedTokens.push(chain + "-" + wormholeAddr + "-" + data.Symbol);
Expand Down Expand Up @@ -268,6 +304,9 @@ axios
changedContent += "\n\nTokens with invalid symbols = " + failedInputValidationTokens.length + ":\n<WH_chain_id>-<WH_token_addr>-<token_symbol>\n\n";
changedContent += JSON.stringify(failedInputValidationTokens, null, 1);

changedContent += "\n\nPotentially depegged USD stablecoins (>" + usdDepegPercentage + "%) = " + depeggedUSDStablecoins.length + ":\n<WH_chain_id>-<WH_token_addr>-<token_symbol> = <token_price>\n\n";
changedContent += JSON.stringify(depeggedUSDStablecoins, null, 1);

changedContent += "\n\nTokens with significant price drops (>" + PriceDeltaTolerance + "%) = " + significantPriceChanges.length + ":\n\n"
changedContent += JSON.stringify(significantPriceChanges, null, 1);
changedContent += "\n```";
Expand Down
Loading