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Gauntlet Aera v2 - add Morpho borrow positions #15551

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Gauntlet Aera v2 - add Morpho borrow positions #15551

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f77ef55
simplify to using primary vault total supply for tvl
geoffgxyz Jul 3, 2025
3a7fd14
add comment about single-depositor vaults
geoffgxyz Jul 3, 2025
fb6da5d
use vault decimals instead of hard-coding
geoffgxyz Jul 3, 2025
d4abeff
add morpho tvl computation to aera v2
geoffgxyz Jul 16, 2025
39e921d
cleanup
geoffgxyz Jul 16, 2025
a241b3e
handle ERC4626 morpho collateral tokens
geoffgxyz Jul 16, 2025
87bef09
Merge branch 'main' into gauntlet_aera_v2_morpho_fixes
geoffgxyz Jul 16, 2025
c0353f1
parallelize a couple of calls
geoffgxyz Jul 16, 2025
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122 changes: 116 additions & 6 deletions projects/aera/index.js
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Original file line number Diff line number Diff line change
Expand Up @@ -9,11 +9,13 @@ const GEARBOX_TOKEN_PREFIX = 'Farming of'
const ARRAKIS_TOKEN_PREFIX = 'Arrakis Vault V2'
const ESXAI_POSITION_ORACLE_NAME = 'EsXai Position Oracle'
const SYMBIOTIC_TOKEN_PREFIX = 'Symbiotic Vault'
const MORPHO_BLUE_POSITION_ORACLE_NAME = 'MorphoBluePositionOracle'

const config = {
polygon: {
aavePool: '0x794a61358D6845594F94dc1DB02A252b5b4814aD',
aavePoolDataProvider: '0x69FA688f1Dc47d4B5d8029D5a35FB7a548310654',
morphoBlue: '0x1bF0c2541F820E775182832f06c0B7Fc27A25f67',
comets: [
{
address: '0xF25212E676D1F7F89Cd72fFEe66158f541246445',
Expand Down Expand Up @@ -44,6 +46,7 @@ const config = {
ethereum: {
aavePool: '0x87870Bca3F3fD6335C3F4ce8392D69350B4fA4E2',
aavePoolDataProvider: '0x7B4EB56E7CD4b454BA8ff71E4518426369a138a3',
morphoBlue: '0xBBBBBbbBBb9cC5e90e3b3Af64bdAF62C37EEFFCb',
comets: [
{
address: '0xA17581A9E3356d9A858b789D68B4d866e593aE94',
Expand Down Expand Up @@ -82,6 +85,7 @@ const config = {
arbitrum: {
aavePool: '0x794a61358D6845594F94dc1DB02A252b5b4814aD',
aavePoolDataProvider: '0x6b4E260b765B3cA1514e618C0215A6B7839fF93e',
morphoBlue: '0x6c247b1F6182318877311737BaC0844bAa518F5e',
comets: [
{
address: '0xA5EDBDD9646f8dFF606d7448e414884C7d905dCA',
Expand Down Expand Up @@ -111,6 +115,7 @@ const config = {
base: {
aavePool: '0xA238Dd80C259a72e81d7e4664a9801593F98d1c5',
aavePoolDataProvider: '0x2d8A3C5677189723C4cB8873CfC9C8976FDF38Ac',
morphoBlue: '0xBBBBBbbBBb9cC5e90e3b3Af64bdAF62C37EEFFCb',
comets: [
{
address: '0x46e6b214b524310239732D51387075E0e70970bf',
Expand Down Expand Up @@ -148,6 +153,7 @@ Object.keys(config).forEach(chain => {
tvl: async (api) => {
const AAVE_POOL = config[chain].aavePool
const AAVE_POOL_DATA_PROVIDER = config[chain].aavePoolDataProvider
const MORPHO_BLUE = config[chain].morphoBlue
const COMETS = config[chain].comets
const COMET_REWARD = config[chain].cometReward
const ARRAKIS_HELPER = config[chain].arrakisHelper
Expand Down Expand Up @@ -192,7 +198,7 @@ Object.keys(config).forEach(chain => {
const xaiPositionVaults = []
const esXaiVaults = []
const symbioticVaults = []

const morphoBlueVaults = []
for (let i = 0; i < vaults.length; ++i) {
const vault = vaults[i]
for (let j = 0; j < assets[i].length; ++j) {
Expand Down Expand Up @@ -228,6 +234,10 @@ Object.keys(config).forEach(chain => {
symbioticVaults.push([vault, assetInfo.asset])
continue
}
if (assetName === MORPHO_BLUE_POSITION_ORACLE_NAME) {
morphoBlueVaults.push([vault, assetInfo.asset])
continue
}
}


Expand Down Expand Up @@ -263,7 +273,8 @@ Object.keys(config).forEach(chain => {
processGearboxTvl(gearboxFarmingPools, api),
processArrakisTvl(arrakisVaults, api, ARRAKIS_HELPER),
processXaiTvl(xaiPositionVaults, api, ESXAI_POOL_FACTORY, XAI),
processSymbioticTvl(symbioticVaults, api)
processSymbioticTvl(symbioticVaults, api),
processMorphoBlueTvl(morphoBlueVaults, api, MORPHO_BLUE)
])

Object.keys(erc4626UnderylingMap).forEach((erc4626Asset, i) => erc4626UnderylingMap[erc4626Asset] = underlyingTokens[i])
Expand All @@ -282,7 +293,7 @@ Object.keys(config).forEach(chain => {

async function processXaiTvl(xaiPositionVaults, api, ESXAI_POOL_FACTORY, XAI) {
if (xaiPositionVaults.length === 0) return

const pools = await api.multiCall({ abi: abi.getPoolIndicesOfUser, calls: xaiPositionVaults.map(x => ({target: ESXAI_POOL_FACTORY, params: [x]}))})
const vaultPools = xaiPositionVaults.flatMap((vault, i) => pools[i].map(pool => ([vault, pool])))

Expand Down Expand Up @@ -310,7 +321,7 @@ async function processArrakisTvl(arrakisVaults, api, arrakisHelper) {
api.multiCall({ abi: abi.token1, calls: arrakisVaults}),
api.multiCall({ abi: abi.totalUnderlying, calls: arrakisVaults.map(x => ({target: arrakisHelper, params: [x]}))})
])

totalUnderlyings.forEach((v, i) => {
api.addToken(tokens0[i], v.totalAmount0)
api.addToken(tokens1[i], v.totalAmount1)
Expand Down Expand Up @@ -413,7 +424,7 @@ async function processAaveTvl(aaveVaults, api, AAVE_POOL, AAVE_POOL_DATA_PROVIDE
api.addToken(aaveReserveDetails[reserveIdx].stableDebtTokenAddress, aavePosition.currentStableDebt);
api.addToken(aaveReserveDetails[reserveIdx].variableDebtTokenAddress, aavePosition.currentVariableDebt);
}

}

async function processSymbioticTvl(symbioticVaults, api) {
Expand All @@ -428,6 +439,100 @@ async function processSymbioticTvl(symbioticVaults, api) {
})
}

async function processMorphoBlueTvl(morphoBlueVaults, api, MORPHO_BLUE) {
if (morphoBlueVaults.length === 0) return;

// Get the number of markets for each oracle
const marketLengths = await api.multiCall({
abi: abi.getMarketsLength,
calls: morphoBlueVaults.map(x => ({target: x[1], params: []}))
});


// Build calls to get each market by index
const marketCalls = [];
morphoBlueVaults.forEach(([vault, oracle], oracleIndex) => {
const length = marketLengths[oracleIndex];
for (let i = 0; i < length; i++) {
marketCalls.push({
target: oracle,
params: [i],
vault: vault,
oracleIndex: oracleIndex
});
}
});

if (marketCalls.length === 0) return;

// Get all markets from the Morpho Blue position oracles
const markets = await api.multiCall({ abi: abi.markets, calls: marketCalls });

const [marketInfos, marketParams] = await Promise.all(
[
api.multiCall({
abi: abi.market,
calls: markets.map(market => ({target: MORPHO_BLUE, params: [market[0]]}))
}),
api.multiCall({
abi: abi.idToMarketParams,
calls: markets.map(market => ({ target: MORPHO_BLUE, params: [market[0]] }))
})
]
);

// Get positions for each vault across all markets
const positionCalls = [];
marketCalls.forEach((call, index) => {
const marketId = markets[index][0]; // Extract the market ID (bytes32)
positionCalls.push({
target: MORPHO_BLUE,
params: [marketId, call.vault]
});
});

const positions = await api.multiCall({
abi: abi.position,
calls: positionCalls
});

// Process positions and add to TVL
await Promise.all(positionCalls.map(async (call, index) => {
const [_, vault] = call.params;
const position = positions[index];
const marketParam = marketParams[index];
const marketInfo = marketInfos[index];

if (position.collateral > 0) {
try {
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please remove any try/catch

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Can you propose an alternative? Some Morpho positions use collateral in ERC4626 contracts. In order to account for the collateral for these positions we need to get the underlying asset and convert shares to assets. But invoking ERC4626 functions on contracts that do not support these methods will revert. Without this logic we account for the borrowed asset but not the collateral, which results in a large negative position.

// If the collateral token is an ERC4626, we need to convert it to the underlying asset
const [underlyingAsset, collateralAssets] = await Promise.all([
api.call({ abi: 'address:asset', target: marketParam.collateralToken }),
api.call({ abi: abi.convertToAssets, target: marketParam.collateralToken, params: [position.collateral] })
]);
api.addToken(underlyingAsset, collateralAssets, vault);
} catch (e) {
api.addToken(marketParam.collateralToken, position.collateral, vault);
}
}

if (position.supplyShares > 0) {
const supplyAssets = (
BigInt(position.supplyShares) *
BigInt(marketInfo.totalSupplyAssets) / BigInt(marketInfo.totalSupplyShares)
);
api.addToken(marketParam.loanToken, supplyAssets, vault);
}
if (position.borrowShares > 0) {
const borrowAssets = (
BigInt(position.borrowShares) *
BigInt(marketInfo.totalBorrowAssets) / BigInt(marketInfo.totalBorrowShares)
);
api.addToken(marketParam.loanToken, -borrowAssets, vault);
}
}));
}

const abi = {
"collateralBalanceOf": "function collateralBalanceOf(address account, address asset) view returns (uint128)",
"getReserveData": "function getReserveData(address asset) view returns (((uint256 data) configuration, uint128 liquidityIndex, uint128 currentLiquidityRate, uint128 variableBorrowIndex, uint128 currentVariableBorrowRate, uint128 currentStableBorrowRate, uint40 lastUpdateTimestamp, uint16 id, address aTokenAddress, address stableDebtTokenAddress, address variableDebtTokenAddress, address interestRateStrategyAddress, uint128 accruedToTreasury, uint128 unbacked, uint128 isolationModeTotalDebt))",
Expand Down Expand Up @@ -458,5 +563,10 @@ const abi = {
"esXaiStakeBucket": "function esXaiStakeBucket() returns (address)",
"getStakedAmounts": "function getStakedAmounts(address) returns (uint256)",
"withdrawableDividendOf": "function withdrawableDividendOf(address) returns (uint256)",
"collateral": "function collateral() returns (address)"
"collateral": "function collateral() returns (address)",
"getMarketsLength": "function getMarketsLength() view returns (uint256)",
"markets": "function markets(uint256) view returns ((bytes32, address, uint80, uint8, bool))",
"idToMarketParams": "function idToMarketParams(bytes32) view returns (address loanToken, address collateralToken, address oracle, address irm, uint256 lltv)",
"position": "function position(bytes32, address) view returns (uint256 supplyShares, uint256 borrowShares, uint256 collateral)",
"market": "function market(bytes32) view returns (uint128 totalSupplyAssets, uint128 totalSupplyShares, uint128 totalBorrowAssets, uint128 totalBorrowShares)"
}
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