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IMarketMakingPolicy

Git Source - Generated with forge doc

Inherits: IInterestRatePolicy

Title: IMarketMakingPolicy

Interface of the market making policy where users quote per-market yield curves.

Functions​

MORPHO_MIDNIGHT​

The Morpho Midnight protocol used for authorization checks.

function MORPHO_MIDNIGHT() external view returns (IMidnight);

curves​

Returns the i-th point of the curve of user on tenorMarketId.

function curves(address user, bytes32 tenorMarketId, uint256 i)
    external
    view
    returns (uint32 ttm, uint112 sellRate, uint112 buyRate);

setCurve​

Overwrites the curve of onBehalf for tenorMarketId.

Enforces 1 to MAX_POINTS points, strictly increasing ttm, and sellRate <= buyRate at every point.

function setCurve(address onBehalf, bytes32 tenorMarketId, CurvePoint[] calldata points) external;

clearCurve​

Deletes the curve of onBehalf for tenorMarketId.

function clearCurve(address onBehalf, bytes32 tenorMarketId) external;

Events​

CurveSet​

event CurveSet(address indexed user, bytes32 indexed tenorMarketId, CurvePoint[] points);

CurveCleared​

event CurveCleared(address indexed user, bytes32 indexed tenorMarketId);

Errors​

EmptyCurve​

error EmptyCurve();

TooManyPoints​

error TooManyPoints();

NonStrictlyIncreasingTtm​

error NonStrictlyIncreasingTtm();

CrossedCurve​

error CrossedCurve();

NoCurveForUserMarket​

error NoCurveForUserMarket();

Unauthorized​

error Unauthorized();

UnsupportedMigrationRoute​

error UnsupportedMigrationRoute();

Structs​

CurvePoint​

One point on a yield curve.

struct CurvePoint {
    uint32 ttm;
    uint112 sellRate;
    uint112 buyRate;
}

Properties

NameTypeDescription
ttmuint32The time to maturity in seconds, the curve's x-axis.
sellRateuint112Per-second rate in WAD quoted by the lender to sell credit on Midnight (exit a position).
buyRateuint112Per-second rate in WAD quoted by the lender to buy credit on Midnight (enter a position).