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Sep 19, 2025
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MidasRWA: base asset price rework #10575

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240 changes: 186 additions & 54 deletions coins/src/adapters/rwa/midas.ts
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Original file line number Diff line number Diff line change
Expand Up @@ -2,95 +2,216 @@ import { Write } from "../utils/dbInterfaces";
import { getApi } from "../utils/sdk";
import getWrites from "../utils/getWrites";

const DATA_FEED_ABI = "function getDataInBase18() external view returns (int256 answer)";
const AGGREGATOR_ABI = "function latestRoundData() external view returns (uint80 roundId, int256 answer, uint256 startedAt, uint256 updatedAt, uint80 answeredInRound)";
const DATA_FEED_ABI =
"function getDataInBase18() external view returns (int256 answer)";
const AGGREGATOR_ABI =
"function latestRoundData() external view returns (uint80 roundId, int256 answer, uint256 startedAt, uint256 updatedAt, uint80 answeredInRound)";

type Denomination = "USD" | "BTC" | "SOL";

interface TokenConfig {
name: string;
token: string;
oracle?: string;
denomination?: Denomination;
}

// Base asset price oracles on Ethereum
const BASE_ASSET_ORACLES = {
BTC: "0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c", // BTC/USD on Ethereum
SOL: "0x4ffC43a60e009B551865A93d232E33Fce9f01507", // SOL/USD on Ethereum
} as const;

const contracts: {
[chain: string]: { name: string; token: string; oracle?: string; requiresConversion?: boolean }[];
} = {
const contracts: Record<string, TokenConfig[]> = {
ethereum: [
{ name: "mTBILL", token: "0xDD629E5241CbC5919847783e6C96B2De4754e438", oracle: "0xfCEE9754E8C375e145303b7cE7BEca3201734A2B" },
{ name: "mBASIS", token: "0x2a8c22E3b10036f3AEF5875d04f8441d4188b656", oracle: "0x1615cBC603192ae8A9FF20E98dd0e40a405d76e4" },
{ name: "mBTC", token: "0x007115416AB6c266329a03B09a8aa39aC2eF7d9d", oracle: "0x9987BE0c1dc5Cd284a4D766f4B5feB4F3cb3E28e", requiresConversion: true },
{ name: "mEDGE", token: "0xbB51E2a15A9158EBE2b0Ceb8678511e063AB7a55", oracle: "0x20cd58F72cF1727a2937eB1816593390cf8d91cB" },
{ name: "mMEV", token: "0x030b69280892c888670EDCDCD8B69Fd8026A0BF3", oracle: "0x9BF00b7CFC00D6A7a2e2C994DB8c8dCa467ee359" },
{ name: "mRe7YIELD", token: "0x87C9053C819bB28e0D73d33059E1b3DA80AFb0cf", oracle: "0x7E8C632ab231479886AF1Bc02B9D646e4634Da93" },
{ name: "mF-ONE", token: "0x238a700eD6165261Cf8b2e544ba797BC11e466Ba", oracle: "0xCF4e49f5e750Af8F2f9Aa1642B68E5839D9c1C00" },
{ name: "mHYPER", token: "0x9b5528528656DBC094765E2abB79F293c21191B9", oracle: "0x92004DCC5359eD67f287F32d12715A37916deCdE" },
{ name: "mAPOLLO", token: "0x7CF9DEC92ca9FD46f8d86e7798B72624Bc116C05", oracle: "0x9aEBf5d6F9411BAc355021ddFbe9B2c756BDD358" },
{ name: "mevBTC", token: "0xb64C014307622eB15046C66fF71D04258F5963DC", oracle: "0x56814399caaEDCEE4F58D2e55DA058A81DDE744f" },
{ name: "mFARM", token: "0xA19f6e0dF08a7917F2F8A33Db66D0AF31fF5ECA6", oracle: "0x9f49B0980B141b539e2A94Ec0864Faf699fF9524" },
{
name: "mTBILL",
token: "0xDD629E5241CbC5919847783e6C96B2De4754e438",
oracle: "0xfCEE9754E8C375e145303b7cE7BEca3201734A2B",
},
{
name: "mBASIS",
token: "0x2a8c22E3b10036f3AEF5875d04f8441d4188b656",
oracle: "0x1615cBC603192ae8A9FF20E98dd0e40a405d76e4",
},
{
name: "mBTC",
token: "0x007115416AB6c266329a03B09a8aa39aC2eF7d9d",
oracle: "0x9987BE0c1dc5Cd284a4D766f4B5feB4F3cb3E28e",
denomination: "BTC",
},
{
name: "mEDGE",
token: "0xbB51E2a15A9158EBE2b0Ceb8678511e063AB7a55",
oracle: "0x20cd58F72cF1727a2937eB1816593390cf8d91cB",
},
{
name: "mMEV",
token: "0x030b69280892c888670EDCDCD8B69Fd8026A0BF3",
oracle: "0x9BF00b7CFC00D6A7a2e2C994DB8c8dCa467ee359",
},
{
name: "mRe7YIELD",
token: "0x87C9053C819bB28e0D73d33059E1b3DA80AFb0cf",
oracle: "0x7E8C632ab231479886AF1Bc02B9D646e4634Da93",
},
{
name: "mF-ONE",
token: "0x238a700eD6165261Cf8b2e544ba797BC11e466Ba",
oracle: "0xCF4e49f5e750Af8F2f9Aa1642B68E5839D9c1C00",
},
{
name: "mHYPER",
token: "0x9b5528528656DBC094765E2abB79F293c21191B9",
oracle: "0x92004DCC5359eD67f287F32d12715A37916deCdE",
},
{
name: "mAPOLLO",
token: "0x7CF9DEC92ca9FD46f8d86e7798B72624Bc116C05",
oracle: "0x9aEBf5d6F9411BAc355021ddFbe9B2c756BDD358",
},
{
name: "mevBTC",
token: "0xb64C014307622eB15046C66fF71D04258F5963DC",
oracle: "0x56814399caaEDCEE4F58D2e55DA058A81DDE744f",
denomination: "BTC",
},
{
name: "mFARM",
token: "0xA19f6e0dF08a7917F2F8A33Db66D0AF31fF5ECA6",
oracle: "0x9f49B0980B141b539e2A94Ec0864Faf699fF9524",
},
],
base: [
{ name: "mTBILL", token: "0xDD629E5241CbC5919847783e6C96B2De4754e438", oracle: "0xcbCf1e67F1988e2572a2A620321Aef2ff73369f0" },
{ name: "mBASIS", token: "0x1C2757c1FeF1038428b5bEF062495ce94BBe92b2", oracle: "0xD48D38Ec56CDB44c4281068129038A37F5Df04e5" },
{
name: "mTBILL",
token: "0xDD629E5241CbC5919847783e6C96B2De4754e438",
oracle: "0xcbCf1e67F1988e2572a2A620321Aef2ff73369f0",
},
{
name: "mBASIS",
token: "0x1C2757c1FeF1038428b5bEF062495ce94BBe92b2",
oracle: "0xD48D38Ec56CDB44c4281068129038A37F5Df04e5",
},
],
sapphire: [
{ name: "mTBILL", token: "0xDD629E5241CbC5919847783e6C96B2De4754e438" },
],
etlk: [
{ name: "mTBILL", token: "0xDD629E5241CbC5919847783e6C96B2De4754e438" },
{ name: "mBASIS", token: "0x2247B5A46BB79421a314aB0f0b67fFd11dd37Ee4" },
{ name: "mMEV", token: "0x5542F82389b76C23f5848268893234d8A63fd5c8" },
{ name: "mRe7YIELD", token: "0x733d504435a49FC8C4e9759e756C2846c92f0160" },
],
rsk: [
{ name: "mTBILL", token: "0xDD629E5241CbC5919847783e6C96B2De4754e438" },
{ name: "mBTC", token: "0xEF85254Aa4a8490bcC9C02Ae38513Cae8303FB53" },
{
name: "mBTC",
token: "0xEF85254Aa4a8490bcC9C02Ae38513Cae8303FB53",
denomination: "BTC",
},
],
plume_mainnet: [
{ name: "mTBILL", token: "0xE85f2B707Ec5Ae8e07238F99562264f304E30109", oracle: "0x73a64469E0974371005ca0f60Dfc10405613b411" },
{ name: "mBASIS", token: "0x0c78Ca789e826fE339dE61934896F5D170b66d78", oracle: "0x7588139737f32A6da49b9BB03A0a91a45603b45F" },
{ name: "mEDGE", token: "0x69020311836D29BA7d38C1D3578736fD3dED03ED", oracle: "0xa30e78AF094EFC51434693803fEE1D77f568321E" },
{ name: "mMEV", token: "0x7d611dC23267F508DE90724731Dc88CA28Ef7473", oracle: "0x06fa9188680D8487e2b743b182CCc39654211C84" },
{
name: "mTBILL",
token: "0xE85f2B707Ec5Ae8e07238F99562264f304E30109",
oracle: "0x73a64469E0974371005ca0f60Dfc10405613b411",
},
{
name: "mBASIS",
token: "0x0c78Ca789e826fE339dE61934896F5D170b66d78",
oracle: "0x7588139737f32A6da49b9BB03A0a91a45603b45F",
},
{
name: "mEDGE",
token: "0x69020311836D29BA7d38C1D3578736fD3dED03ED",
oracle: "0xa30e78AF094EFC51434693803fEE1D77f568321E",
},
{
name: "mMEV",
token: "0x7d611dC23267F508DE90724731Dc88CA28Ef7473",
oracle: "0x06fa9188680D8487e2b743b182CCc39654211C84",
},
],
katana: [
{ name: "mRE7SOL", token: "0xC6135d59F8D10c9C035963ce9037B3635170D716", oracle: "0x001b3731c706fEd93BDA240A5BF848C28ae1cC12" },
]
{
name: "mRE7SOL",
token: "0xC6135d59F8D10c9C035963ce9037B3635170D716",
oracle: "0x001b3731c706fEd93BDA240A5BF848C28ae1cC12",
denomination: "SOL",
},
],
};

const btcToUsdOracleEth = "0xF4030086522a5bEEa4988F8cA5B36dbC97BeE88c";

async function getBtcToUsdPrice(timestamp: number): Promise<number> {
async function getBaseAssetPrices(
timestamp: number
): Promise<Record<string, number>> {
const api = await getApi("ethereum", timestamp);
const response = await api.call({ abi: AGGREGATOR_ABI, target: btcToUsdOracleEth });
return response.answer / 1e8;
const prices: Record<string, number> = {};

const calls = await api.multiCall({
abi: AGGREGATOR_ABI,
calls: Object.values(BASE_ASSET_ORACLES),
});

Object.keys(BASE_ASSET_ORACLES).forEach((asset, i) => {
if (calls[i]?.answer) {
prices[asset] = Number(calls[i].answer) / 1e8;
}
});

return prices;
}

async function getTokenPrices(chain: string, timestamp: number, ethereumPrices: Record<string, number>): Promise<Write[]> {
async function getTokenPrices(
chain: string,
timestamp: number,
baseAssetPrices: Record<string, number>,
ethereumPrices: Record<string, number>
): Promise<Write[]> {
const api = await getApi(chain, timestamp);
const tokens = contracts[chain] || [];
const btcToUsdPrice = await getBtcToUsdPrice(timestamp);

const tokensWithOracles = tokens.filter(t => t.oracle);
const tokensWithoutOracles = tokens.filter(t => !t.oracle);
const tokensWithOracles = tokens.filter((t) => t.oracle);
const tokensWithoutOracles = tokens.filter((t) => !t.oracle);

const prices: Record<string, { price: number }> = {};

let prices: Record<string, { price: number }> = {};
if (tokensWithOracles.length > 0) {
const dataFeedResponses = await api.multiCall({
const oracleResponses = await api.multiCall({
abi: DATA_FEED_ABI,
calls: tokensWithOracles.map(({ oracle }) => oracle as string),
calls: tokensWithOracles.map((t) => t.oracle as string),
});

prices = tokensWithOracles.reduce((acc, { token, requiresConversion, name }, i) => {
const rawVal = dataFeedResponses[i];
if (rawVal !== null && rawVal !== undefined) {
const price = (rawVal / 1e18) * (requiresConversion ? btcToUsdPrice : 1);
acc[token] = { price };
tokensWithOracles.forEach((token, i) => {
const rawPrice = oracleResponses[i];
if (rawPrice !== null && rawPrice !== undefined) {
let usdPrice = Number(rawPrice) / 1e18;

// Convert to USD if denominated in another asset
if (token.denomination && token.denomination !== "USD") {
const basePrice = baseAssetPrices[token.denomination];
if (basePrice) {
usdPrice = usdPrice * basePrice;
}
}

prices[token.token] = { price: usdPrice };

if (chain === 'ethereum') {
ethereumPrices[name] = price;
// Store Ethereum prices for other chains to use as fallback
if (chain === "ethereum") {
ethereumPrices[token.name] = usdPrice;
}
}
return acc;
}, {} as Record<string, { price: number }>);
});
}

for (const t of tokensWithoutOracles) {
const { name, token } = t;
const fallbackPrice = ethereumPrices[name];
tokensWithoutOracles.forEach((token) => {
const fallbackPrice = ethereumPrices[token.name];
if (fallbackPrice !== undefined) {
prices[token] = { price: fallbackPrice };
prices[token.token] = { price: fallbackPrice };
}
}
});

return getWrites({
chain,
Expand All @@ -101,21 +222,32 @@ async function getTokenPrices(chain: string, timestamp: number, ethereumPrices:
}

export async function midas(timestamp: number = 0): Promise<Write[]> {
const baseAssetPrices = await getBaseAssetPrices(timestamp);

const ethereumPrices: Record<string, number> = {};

const chains = Object.keys(contracts);
const ethereumIndex = chains.indexOf('ethereum');
const ethereumIndex = chains.indexOf("ethereum");

let ethereumWrites: Write[] = [];
let otherChainWrites: Write[] = [];

if (ethereumIndex !== -1) {
ethereumWrites = await getTokenPrices('ethereum', timestamp, ethereumPrices);
ethereumWrites = await getTokenPrices(
"ethereum",
timestamp,
baseAssetPrices,
ethereumPrices
);
chains.splice(ethereumIndex, 1);
}

if (chains.length > 0) {
const results = await Promise.all(chains.map(c => getTokenPrices(c, timestamp, ethereumPrices)));
const results = await Promise.all(
chains.map((chain) =>
getTokenPrices(chain, timestamp, baseAssetPrices, ethereumPrices)
)
);
otherChainWrites = results.flat();
}

Expand Down