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| 1 | +const axios = require('axios'); |
| 2 | + |
| 3 | +const INDEXER = 'https://app.neutron.org/api/indexer/v2/vaults'; |
| 4 | + |
| 5 | +// Browser-like headers to pass WAF checks |
| 6 | +const HDRS = { |
| 7 | + Origin: 'https://app.neutron.org', |
| 8 | + Referer: 'https://app.neutron.org/earn', |
| 9 | + Accept: 'application/json, text/plain, */*', |
| 10 | + 'User-Agent': |
| 11 | + 'Mozilla/5.0 (Macintosh; Intel Mac OS X 10_15_7) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/127.0.0.0 Safari/537.36', |
| 12 | +}; |
| 13 | + |
| 14 | +// Bitcoin LST Denominations (for proper symbol display) |
| 15 | +// Maps IBC denoms to actual token symbols |
| 16 | +const BTC_LST_DENOMS = { |
| 17 | + 'ibc/2EB30350120BBAFC168F55D0E65551A27A724175E8FBCC7B37F9A71618FE136B': 'FBTC', |
| 18 | + 'ibc/B7BF60BB54433071B49D586F54BD4DED5E20BEFBBA91958E87488A761115106B': 'LBTC', |
| 19 | + 'ibc/C0F284F165E6152F6DDDA900537C1BC8DA1EA00F03B9C9EC1841FA7E004EF7A3': 'solvBTC', |
| 20 | + 'ibc/E2A000FD3EDD91C9429B473995CE2C7C555BCC8CFC1D0A3D02F514392B7A80E8': 'eBTC', |
| 21 | + 'ibc/1075520501498E008B02FD414CD8079C0A2BAF9657278F8FB8F7D37A857ED668': 'pumpBTC', |
| 22 | + 'ibc/3F1D988D9EEA19EB0F3950B4C19664218031D8BCE68CE7DE30F187D5ACEA0463': 'uniBTC', |
| 23 | + // Base assets |
| 24 | + 'ibc/0E293A7622DC9A6439DB60E6D234B5AF446962E27CA3AB44D0590603DFF6968E': 'wBTC', |
| 25 | + 'ibc/694A6B26A43A2FBECCFFEAC022DEACB39578E54207FDD32005CD976B57B98004': 'ETH', |
| 26 | + 'ibc/A585C2D15DCD3B010849B453A2CFCB5E213208A5AB665691792684C26274304D': 'ETH', |
| 27 | + // maxBTC factory denom |
| 28 | + 'factory/neutron17sp75wng9vl2hu3sf4ky86d7smmk3wle9gkts2gmedn9x4ut3xcqa5xp34/maxbtc': 'maxBTC', |
| 29 | +}; |
| 30 | + |
| 31 | +/** |
| 32 | + * Fetch vaults data with retry logic to handle transient WAF/CDN issues |
| 33 | + * @returns {Array} - Array of vault objects |
| 34 | + */ |
| 35 | +async function fetchVaults() { |
| 36 | + let lastErr; |
| 37 | + for (let i = 0; i < 3; i++) { |
| 38 | + try { |
| 39 | + const res = await axios.get(INDEXER, { headers: HDRS }); |
| 40 | + const rows = Array.isArray(res?.data?.data) ? res.data.data : []; |
| 41 | + if (rows.length) return rows; |
| 42 | + } catch (e) { |
| 43 | + lastErr = e; |
| 44 | + // Exponential backoff: 500ms, 1000ms, 1500ms |
| 45 | + await new Promise((r) => setTimeout(r, 500 * (i + 1))); |
| 46 | + } |
| 47 | + } |
| 48 | + throw lastErr || new Error('Indexer fetch failed after retries'); |
| 49 | +} |
| 50 | + |
| 51 | +/** |
| 52 | + * Main APY calculation function |
| 53 | + * Methodology: Uses indexer-calculated vault performance over 30d window |
| 54 | + * - apy_vault_over_hold_30d accounts for fees earned vs. impermanent loss |
| 55 | + * - Already calculated by the indexer (complex CL position management) |
| 56 | + * - Can be negative if IL > fees earned |
| 57 | + * - Omits points, boosts, and locked rewards per DefiLlama guidelines |
| 58 | + */ |
| 59 | +async function apy() { |
| 60 | + const vaults = await fetchVaults(); |
| 61 | + const pools = []; |
| 62 | + |
| 63 | + for (const vault of vaults) { |
| 64 | + if (!vault) continue; |
| 65 | + |
| 66 | + // Skip paused vaults |
| 67 | + if (vault.paused) continue; |
| 68 | + |
| 69 | + // Skip test/inactive vaults (deposit_cap = 0 indicates test vault) |
| 70 | + if ( |
| 71 | + !vault.deposit_cap || |
| 72 | + vault.deposit_cap === '0' || |
| 73 | + vault.deposit_cap === 0 |
| 74 | + ) { |
| 75 | + continue; |
| 76 | + } |
| 77 | + |
| 78 | + // Extract TVL data (already in USD from indexer) |
| 79 | + const tvl0 = Number(vault.tvl_0) || 0; |
| 80 | + const tvl1 = Number(vault.tvl_1) || 0; |
| 81 | + const tvlUsd = tvl0 + tvl1; |
| 82 | + |
| 83 | + // Skip if no meaningful TVL |
| 84 | + if (tvlUsd === 0) continue; |
| 85 | + |
| 86 | + // Use indexer-calculated APY (vault performance vs. holding over 30d) |
| 87 | + // This accounts for: |
| 88 | + // - Trading fees earned |
| 89 | + // - Impermanent loss from concentrated liquidity position |
| 90 | + // - Position rebalancing effects |
| 91 | + // Note: Can be negative if IL > fees |
| 92 | + const apyVaultOverHold = vault.apy_vault_over_hold_30d; |
| 93 | + |
| 94 | + // Convert from decimal to percentage (e.g., 0.05 -> 5%) |
| 95 | + // Set to null if not available (indexer needs time to calculate) |
| 96 | + let apyBase = null; |
| 97 | + if (apyVaultOverHold !== null && apyVaultOverHold !== undefined) { |
| 98 | + apyBase = Number(apyVaultOverHold) * 100; |
| 99 | + } |
| 100 | + |
| 101 | + // Extract token information with proper symbol mapping |
| 102 | + const token0Denom = vault.token_0_denom; |
| 103 | + const token1Denom = vault.token_1_denom; |
| 104 | + |
| 105 | + // Use mapping for BTC LSTs and known tokens, fallback to indexer symbol |
| 106 | + const token0Symbol = BTC_LST_DENOMS[token0Denom] || vault.token_0_symbol || '?'; |
| 107 | + const token1Symbol = BTC_LST_DENOMS[token1Denom] || vault.token_1_symbol || '?'; |
| 108 | + |
| 109 | + // Build underlying tokens array (filter out nullish values) |
| 110 | + const underlyingTokens = [token0Denom, token1Denom].filter(Boolean); |
| 111 | + |
| 112 | + // Construct pool URL (use vault-specific link if available, otherwise campaign page) |
| 113 | + const poolUrl = vault.contract_address |
| 114 | + ? `https://app.neutron.org/bitcoin-summer?vault=${vault.contract_address}` |
| 115 | + : 'https://app.neutron.org/bitcoin-summer'; |
| 116 | + |
| 117 | + pools.push({ |
| 118 | + pool: `${vault.contract_address}-neutron`.toLowerCase(), |
| 119 | + chain: 'Neutron', |
| 120 | + project: 'supervaults', |
| 121 | + symbol: `${token0Symbol}-${token1Symbol}`, |
| 122 | + tvlUsd, |
| 123 | + apyBase, |
| 124 | + underlyingTokens, |
| 125 | + url: poolUrl, |
| 126 | + }); |
| 127 | + } |
| 128 | + |
| 129 | + return pools; |
| 130 | +} |
| 131 | + |
| 132 | +module.exports = { |
| 133 | + timetravel: false, |
| 134 | + apy, |
| 135 | + url: 'https://app.neutron.org/bitcoin-summer', |
| 136 | +}; |
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