Remove buttons from pool rows, switch to Short APR

apps/hyperdrive-trading/src/ui/hyperdrive/longs/OpenLongForm/OpenLongForm.tsx

@@ -469,7 +469,7 @@ export function OpenLongForm({
               onOpenLong?.(e);
             }}
           >
-            Open Long
+            Buy Fixed
           </button>
         );
       })()}

apps/hyperdrive-trading/src/ui/hyperdrive/longs/OpenLongPreview/OpenLongStats.tsx

@@ -16,6 +16,7 @@ import { convertSharesToBase } from "src/hyperdrive/convertSharesToBase";
 import { getDepositAssets } from "src/hyperdrive/getDepositAssets";
 import { useAppConfigForConnectedChain } from "src/ui/appconfig/useAppConfigForConnectedChain";
 import { PrimaryStat } from "src/ui/base/components/PrimaryStat";
+import { Tooltip } from "src/ui/base/components/Tooltip/Tooltip";
 import { formatBalance } from "src/ui/base/formatting/formatBalance";
 import { formatDate } from "src/ui/base/formatting/formatDate";
 import { useFixedRate } from "src/ui/hyperdrive/longs/hooks/useFixedRate";
@@ -153,7 +154,15 @@ export function OpenLongStats({
                 "text-base-content/80": !amountPaid,
               })}
             >
-              <img src={baseToken.iconUrl} className="mr-1 h-8 rounded-full" />
+              <Tooltip
+                tooltip={baseToken.symbol}
+                className="self-center font-normal"
+              >
+                <img
+                  src={baseToken.iconUrl}
+                  className="mr-1.5 size-7 rounded-full"
+                />
+              </Tooltip>
               {`${formatBalance({
                 balance: amountPaidInBase + yieldAtMaturity,
                 decimals: baseToken.decimals,
@@ -162,7 +171,6 @@ export function OpenLongStats({
             </span>
           )
         }
-        valueUnit={`${baseToken.symbol}`}
         subValue={
           // Defillama fetches the token price via {chain}:{tokenAddress}. Since the token address differs on testnet, term length is displayed instead.
 

apps/hyperdrive-trading/src/ui/hyperdrive/shorts/OpenShortForm/OpenShortForm.tsx

@@ -1,8 +1,12 @@
 import { fixed } from "@delvtech/fixed-point-wasm";
-import { HyperdriveConfig } from "@delvtech/hyperdrive-appconfig";
+import {
+  getYieldSource,
+  HyperdriveConfig,
+} from "@delvtech/hyperdrive-appconfig";
 import { adjustAmountByPercentage } from "@delvtech/hyperdrive-js";
 import { InformationCircleIcon } from "@heroicons/react/24/outline";
-import { MouseEvent, ReactElement, useState } from "react";
+import classNames from "classnames";
+import { MouseEvent, ReactElement } from "react";
 import { MAX_UINT256 } from "src/base/constants";
 import { formatRate } from "src/base/formatRate";
 import { isTestnetChain } from "src/chains/isTestnetChain";
@@ -32,6 +36,7 @@ import { OpenShortPreview } from "src/ui/hyperdrive/shorts/OpenShortPreview/Open
 import { useMaxShort } from "src/ui/hyperdrive/shorts/hooks/useMaxShort";
 import { useOpenShort } from "src/ui/hyperdrive/shorts/hooks/useOpenShort";
 import { usePreviewOpenShort } from "src/ui/hyperdrive/shorts/hooks/usePreviewOpenShort";
+import { useShortRate } from "src/ui/hyperdrive/shorts/hooks/useShortRate";
 import { PositionPicker } from "src/ui/markets/PositionPicker";
 import { RewardsTooltip } from "src/ui/rewards/RewardsTooltip/RewardsTooltip";
 import { useOpenShortRewards } from "src/ui/rewards/hooks/useOpenShortRewards";
@@ -48,8 +53,6 @@ import { useYieldSourceRate } from "src/ui/vaults/useYieldSourceRate";
 import { formatUnits } from "viem";
 import { useAccount, useChainId } from "wagmi";
 
-(window as any).fixed = fixed;
-
 interface OpenShortPositionFormProps {
   hyperdrive: HyperdriveConfig;
   onOpenShort?: (e: MouseEvent<HTMLButtonElement>) => void;
@@ -68,6 +71,12 @@ export function OpenShortForm({
     chainId: hyperdrive.chainId,
   });
   const appConfig = useAppConfigForConnectedChain();
+  const yieldSource = getYieldSource({
+    hyperdriveChainId: hyperdrive.chainId,
+    hyperdriveAddress: hyperdrive.address,
+    appConfig,
+  });
+
   const { baseToken, baseTokenDepositEnabled, tokenOptions } =
     useTokenDepositOptions({
       hyperdrive,
@@ -122,23 +131,13 @@ export function OpenShortForm({
     tokenChainId: activeToken.chainId,
   });
 
-  // TODO: Implement the two way input switch once getMaxShort is fixed on the sdk
-  const [activeInput, setActiveInput] = useState<"bonds" | "budget">("bonds");
-
   const {
     amount: amountOfBondsToShort,
     amountAsBigInt: amountOfBondsToShortAsBigInt,
     setAmount: setShortAmount,
   } = useNumericInput({
     decimals: hyperdrive.decimals,
   });
-  const {
-    amount: amountToPay,
-    amountAsBigInt: amountToPayAsBigInt,
-    setAmount: setPaymentAmount,
-  } = useNumericInput({
-    decimals: hyperdrive.decimals,
-  });
 
   const {
     traderDeposit,
@@ -187,17 +186,23 @@ export function OpenShortForm({
     budget: MAX_UINT256,
   });
 
-  const { maxBondsOut: maxBondsOutFromPayment } = useMaxShort({
-    chainId: hyperdrive.chainId,
-    hyperdriveAddress: hyperdrive.address,
-    budget: amountToPayAsBigInt || 0n,
-  });
-
   const hasEnoughLiquidity = getIsValidTradeSize({
     tradeAmount: amountOfBondsToShortAsBigInt,
     maxTradeSize: maxBondsOut,
   });
 
+  const defaultBondAmount =
+    hyperdrive.decimals > 6 ? BigInt(1e15) : BigInt(1e6);
+  const { shortApr, shortRateStatus } = useShortRate({
+    chainId: hyperdrive.chainId,
+    // show the market short rate (aka bond amount of 1) if the user hasn't
+    // already entered a short size
+    bondAmount: amountOfBondsToShortAsBigInt || defaultBondAmount,
+    hyperdriveAddress: hyperdrive.address,
+    timestamp: BigInt(Math.floor(Date.now() / 1000)),
+    variableApy: vaultRate?.netVaultRate,
+  });
+
   const {
     setSlippage,
     slippage,
@@ -232,23 +237,9 @@ export function OpenShortForm({
     },
     onExecuted: () => {
       setShortAmount("");
-      setPaymentAmount("");
     },
   });
 
-  // TODO: Implement the two way input switch once getMaxShort is fixed on the sdk
-  // Max button is wired up to the user's balance, or the pool's max long.
-  // Whichever is smallest.
-  // let maxButtonValue = "0";
-  // if (activeTokenBalance && maxBondsOut) {
-  //   maxButtonValue = formatUnits(
-  //     activeTokenBalance.value > maxBondsOut
-  //       ? maxBondsOut
-  //       : activeTokenBalance?.value,
-  //     activeToken.decimals,
-  //   );
-  // }
-
   const exposureMultiplier =
     amountOfBondsToShortAsBigInt && traderDeposit
       ? fixed(amountOfBondsToShortAsBigInt, activeToken.decimals)
@@ -293,19 +284,10 @@ export function OpenShortForm({
                     },
                   });
                   setActiveToken(tokenAddress);
-
-                  // TODO: Determine if there is a bug here.
-                  setPaymentAmount("0");
                 }}
               />
             }
-            value={
-              activeInput === "bonds"
-                ? amountOfBondsToShort || ""
-                : maxBondsOutFromPayment
-                  ? formatUnits(maxBondsOutFromPayment, baseToken.decimals)
-                  : ""
-            }
+            value={amountOfBondsToShort || ""}
             settings={
               <div className="mb-3 flex w-full items-center justify-between">
                 <PositionPicker hyperdrive={hyperdrive} />
@@ -342,7 +324,6 @@ export function OpenShortForm({
                 },
               });
               setShortAmount(newAmount);
-              setActiveInput("bonds");
             }}
             bottomLeftElement={
               // Defillama fetches the token price via {chain}:{tokenAddress}.
@@ -366,6 +347,7 @@ export function OpenShortForm({
             }
           />
           <TokenInput
+            disabled
             variant="lighter"
             name={`${baseToken.symbol}-input`}
             token={
@@ -374,23 +356,11 @@ export function OpenShortForm({
                 activeTokenAddress={activeToken.address}
                 onChange={(tokenAddress) => {
                   setActiveToken(tokenAddress);
-                  setPaymentAmount("0");
                 }}
               />
             }
             inputLabel="You pay"
-            value={
-              activeInput === "budget"
-                ? amountToPay || "0"
-                : formatUnits(traderDeposit || 0n, activeToken.decimals)
-            }
-            // This input is disabled until the getMaxShort is fixed on the sdk.
-            disabled
-            // maxValue={maxButtonValue}
-            // onChange={(newAmount) => {
-            //   setActiveInput("budget");
-            //   setPaymentAmount(newAmount);
-            // }}
+            value={formatUnits(traderDeposit || 0n, activeToken.decimals)}
             bottomLeftElement={
               // Defillama fetches the token price via {chain}:{tokenAddress}. Since the token address differs on testnet, price display is disabled there.
               !isTestnetChain(hyperdrive.chainId) ? (
@@ -425,59 +395,85 @@ export function OpenShortForm({
         </div>
       }
       primaryStats={
-        <div className="flex justify-between px-4 py-8">
-          <PrimaryStat
-            label="Variable APY"
-            value={
-              <span className="text-h3 font-bold">
-                {isNewPool ? (
-                  "✨New✨"
-                ) : rewards?.length ? (
-                  <RewardsTooltip
-                    hyperdriveAddress={hyperdrive.address}
-                    position="openShort"
-                    baseRate={vaultRate?.vaultRate}
-                    netRate={vaultRate?.netVaultRate}
-                    chainId={hyperdrive.chainId}
-                  >
-                    {formatRate({ rate: vaultRate?.netVaultRate ?? 0n })}⚡
-                  </RewardsTooltip>
-                ) : (
-                  formatRate({ rate: vaultRate?.netVaultRate ?? 0n })
-                )}
-              </span>
-            }
-            valueContainerClassName="flex items-end"
-            unitClassName="text-h3 font-bold"
-            subValue={
-              <span className="gradient-text">
-                <span className="font-bold">{`${exposureMultiplier}x`}</span>{" "}
-                capital exposure
-              </span>
-            }
-            valueLoading={longPriceStatus === "loading"}
-          />
-          <div className="daisy-divider daisy-divider-horizontal" />
-          <PrimaryStat
-            alignment="right"
-            label="Fixed APR Cost"
-            value={
-              <span className="text-h3 font-bold">
-                {formatRate({ rate: fixedRatePaid || fixedApr?.apr || 0n })}
-              </span>
-            }
-            unitClassName="mb-1 font-bold"
-            subValue={
-              <Tooltip
-                position="top"
-                tooltip="Short positions provide the fixed rate yield to Long positions. Opening a Short is a one-time cost."
-                className="gap-1 before:text-left"
-              >
-                What am I paying for?{" "}
-                <InformationCircleIcon className="size-4 text-neutral-content" />
-              </Tooltip>
-            }
-          />
+        // TOOD: Make this it's own component, OpenShortStats
+        <div className="flex flex-col gap-4 py-8">
+          <div className="flex w-full justify-between px-4">
+            <PrimaryStat
+              label="Variable APY"
+              value={
+                <span className="text-h3 font-bold">
+                  {isNewPool ? (
+                    "✨New✨"
+                  ) : rewards?.length ? (
+                    <RewardsTooltip
+                      hyperdriveAddress={hyperdrive.address}
+                      position="openShort"
+                      baseRate={vaultRate?.vaultRate}
+                      netRate={vaultRate?.netVaultRate}
+                      chainId={hyperdrive.chainId}
+                    >
+                      {formatRate({ rate: shortApr?.apr ?? 0n })}⚡
+                    </RewardsTooltip>
+                  ) : (
+                    `${formatRate({ rate: shortApr?.apr ?? 0n })}`
+                  )}
+                </span>
+              }
+              valueContainerClassName="flex items-end"
+              unitClassName="text-h3 font-bold"
+              subValue={
+                <span
+                  className={classNames("gradient-text", {
+                    invisible: !shortApr?.apr,
+                  })}
+                >
+                  <span className="font-bold">
+                    ≈ {`${exposureMultiplier}x`}
+                  </span>{" "}
+                  capital exposure
+                </span>
+              }
+              valueLoading={longPriceStatus === "loading"}
+            />
+            <div className="daisy-divider daisy-divider-horizontal" />
+            <PrimaryStat
+              alignment="right"
+              label="Fixed APR Cost"
+              value={
+                <span className="text-h3 font-bold">
+                  {formatRate({ rate: fixedRatePaid || fixedApr?.apr || 0n })}
+                </span>
+              }
+              unitClassName="mb-1 font-bold"
+              subValue={
+                <Tooltip
+                  position="top"
+                  tooltip="Short positions provide the fixed rate yield in exchange for the variable. Opening a Short is a one-time cost."
+                  className="gap-1 before:text-left"
+                >
+                  What am I paying for?{" "}
+                  <InformationCircleIcon className="size-4 text-neutral-content" />
+                </Tooltip>
+              }
+            />
+          </div>
+          {!!amountOfBondsToShortAsBigInt && hasEnoughLiquidity ? (
+            <div className="flex items-center rounded-md bg-base-200 py-3">
+              <p className="mx-4 text-sm leading-bodyText text-neutral-content">
+                Earn{" "}
+                <span className="font-bold text-white">
+                  {formatRate({ rate: shortApr?.apr ?? 0n })}
+                </span>{" "}
+                if <span className="font-bold">{yieldSource.shortName}</span>{" "}
+                remains constant at{" "}
+                <span className="mx-0.5 font-bold text-white">
+                  {vaultRate?.netVaultRate
+                    ? formatRate({ rate: vaultRate.netVaultRate })
+                    : null}
+                </span>
+              </p>
+            </div>
+          ) : null}
         </div>
       }
       transactionPreview={