Morpho mainnet WBTC/USDC deployment script (#1208)

* add tests. all tests passing * linting fix * tweak deployment config * linting fix * linting fix * undo change on hardhat mainnet fork config * finalize deployment params and add link to morpho market * fix comment about underlying market
delvtech · Nov 15, 2024 · ab4da7e · ab4da7e
1 parent c641e1b
commit ab4da7e
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diff --git a/hardhat.config.mainnet.ts b/hardhat.config.mainnet.ts
@@ -15,6 +15,7 @@ import {
     MAINNET_MORPHO_BLUE_COORDINATOR,
     MAINNET_MORPHO_BLUE_SUSDE_DAI_182DAY,
     MAINNET_MORPHO_BLUE_USDE_DAI_182DAY,
+    MAINNET_MORPHO_BLUE_WBTC_USDC_182DAY,
     MAINNET_MORPHO_BLUE_WSTETH_USDA_182DAY,
     MAINNET_RETH_182DAY,
     MAINNET_RETH_COORDINATOR,
@@ -45,6 +46,7 @@ const config: HardhatUserConfig = {
                     MAINNET_MORPHO_BLUE_SUSDE_DAI_182DAY,
                     MAINNET_MORPHO_BLUE_USDE_DAI_182DAY,
                     MAINNET_MORPHO_BLUE_WSTETH_USDA_182DAY,
+                    MAINNET_MORPHO_BLUE_WBTC_USDC_182DAY,
                     MAINNET_MORPHO_BLUE_CBBTC_USDC_182DAY,
                     MAINNET_STUSD_182DAY,
                     MAINNET_SUSDE_182DAY,

diff --git a/hardhat.config.mainnet_fork.ts b/hardhat.config.mainnet_fork.ts
@@ -15,6 +15,7 @@ import {
     MAINNET_MORPHO_BLUE_COORDINATOR,
     MAINNET_MORPHO_BLUE_SUSDE_DAI_182DAY,
     MAINNET_MORPHO_BLUE_USDE_DAI_182DAY,
+    MAINNET_MORPHO_BLUE_WBTC_USDC_182DAY,
     MAINNET_MORPHO_BLUE_WSTETH_USDC_182DAY,
     MAINNET_RETH_182DAY,
     MAINNET_RETH_COORDINATOR,
@@ -45,6 +46,7 @@ const config: HardhatUserConfig = {
                     MAINNET_MORPHO_BLUE_SUSDE_DAI_182DAY,
                     MAINNET_MORPHO_BLUE_USDE_DAI_182DAY,
                     MAINNET_MORPHO_BLUE_WSTETH_USDC_182DAY,
+                    MAINNET_MORPHO_BLUE_WBTC_USDC_182DAY,
                     MAINNET_EETH_182DAY,
                 ],
                 checkpointRewarders: [],

diff --git a/tasks/deploy/config/mainnet/index.ts b/tasks/deploy/config/mainnet/index.ts
@@ -12,6 +12,7 @@ export * from "./morpho-blue-cbbtc-usdc-182day";
 export * from "./morpho-blue-coordinator";
 export * from "./morpho-blue-susde-dai-182day";
 export * from "./morpho-blue-usde-dai-182day";
+export * from "./morpho-blue-wbtc-usdc-182day";
 export * from "./morpho-blue-wsteth-usda-182day";
 export * from "./morpho-blue-wsteth-usdc-182day";
 export * from "./reth-182day";

diff --git a/tasks/deploy/config/mainnet/morpho-blue-wbtc-usdc-182day.ts b/tasks/deploy/config/mainnet/morpho-blue-wbtc-usdc-182day.ts
@@ -0,0 +1,140 @@
+import {
+    Address,
+    encodeAbiParameters,
+    keccak256,
+    parseEther,
+    toBytes,
+    zeroAddress,
+} from "viem";
+import {
+    HyperdriveInstanceConfig,
+    SIX_MONTHS,
+    USDC_ADDRESS_MAINNET,
+    WBTC_ADDRESS_MAINNET,
+    getLinkerDetails,
+    normalizeFee,
+    parseDuration,
+    toBytes32,
+} from "../../lib";
+import { MAINNET_FACTORY_NAME } from "./factory";
+import { MAINNET_MORPHO_BLUE_COORDINATOR_NAME } from "./morpho-blue-coordinator";
+
+export const MAINNET_MORPHO_BLUE_WBTC_USDC_182DAY_NAME =
+    "ElementDAO 182 Day Morpho Blue WBTC/USDC Hyperdrive";
+
+// USDC only has 6 decimals.
+const CONTRIBUTION = 100_000_000n;
+
+const morphoBlueParameters = encodeAbiParameters(
+    [
+        {
+            components: [
+                {
+                    name: "morpho",
+                    type: "address",
+                },
+                {
+                    name: "collateralToken",
+                    type: "address",
+                },
+                {
+                    name: "oracle",
+                    type: "address",
+                },
+                {
+                    name: "irm",
+                    type: "address",
+                },
+                {
+                    name: "lltv",
+                    type: "uint256",
+                },
+            ],
+            name: "MorphoBlueParams",
+            type: "tuple",
+        },
+    ],
+    [
+        {
+            morpho: "0xBBBBBbbBBb9cC5e90e3b3Af64bdAF62C37EEFFCb" as `0x${string}`,
+            collateralToken: WBTC_ADDRESS_MAINNET,
+            oracle: "0xDddd770BADd886dF3864029e4B377B5F6a2B6b83" as `0x${string}`,
+            irm: "0x870aC11D48B15DB9a138Cf899d20F13F79Ba00BC" as `0x${string}`,
+            lltv: BigInt("860000000000000000"),
+        },
+    ],
+);
+
+export const MAINNET_MORPHO_BLUE_WBTC_USDC_182DAY: HyperdriveInstanceConfig<"MorphoBlue"> =
+    {
+        name: MAINNET_MORPHO_BLUE_WBTC_USDC_182DAY_NAME,
+        prefix: "MorphoBlue",
+        coordinatorAddress: async (hre) =>
+            hre.hyperdriveDeploy.deployments.byName(
+                MAINNET_MORPHO_BLUE_COORDINATOR_NAME,
+            ).address,
+        deploymentId: keccak256(
+            toBytes(MAINNET_MORPHO_BLUE_WBTC_USDC_182DAY_NAME),
+        ),
+        salt: toBytes32("0x42080085"),
+        extraData: morphoBlueParameters,
+        contribution: CONTRIBUTION,
+        // NOTE: Link to the underlying market on Morpho:
+        // https://app.morpho.org/market?id=0x3a85e619751152991742810df6ec69ce473daef99e28a64ab2340d7b7ccfee49&network=mainnet&morphoPrice=0.75
+        fixedAPR: parseEther("0.0575"),
+        timestretchAPR: parseEther("0.075"),
+        options: async (hre) => ({
+            extraData: "0x",
+            asBase: true,
+            destination: (await hre.getNamedAccounts())["deployer"] as Address,
+        }),
+        // Prepare to deploy the contract by setting approvals.
+        prepare: async (hre, options) => {
+            let pc = await hre.viem.getPublicClient();
+            let baseToken = await hre.viem.getContractAt(
+                "contracts/src/interfaces/IERC20.sol:IERC20",
+                USDC_ADDRESS_MAINNET,
+            );
+            let tx = await baseToken.write.approve([
+                hre.hyperdriveDeploy.deployments.byName(
+                    MAINNET_MORPHO_BLUE_COORDINATOR_NAME,
+                ).address,
+                CONTRIBUTION,
+            ]);
+            await pc.waitForTransactionReceipt({ hash: tx });
+        },
+        poolDeployConfig: async (hre) => {
+            let factoryContract = await hre.viem.getContractAt(
+                "HyperdriveFactory",
+                hre.hyperdriveDeploy.deployments.byName(MAINNET_FACTORY_NAME)
+                    .address,
+            );
+            return {
+                baseToken: USDC_ADDRESS_MAINNET,
+                vaultSharesToken: zeroAddress,
+                circuitBreakerDelta: parseEther("0.075"),
+                minimumShareReserves: 1_000_000n,
+                minimumTransactionAmount: 1_000_000n,
+                positionDuration: parseDuration(SIX_MONTHS),
+                checkpointDuration: parseDuration("1 day"),
+                timeStretch: 0n,
+                governance: await factoryContract.read.hyperdriveGovernance(),
+                feeCollector: await factoryContract.read.feeCollector(),
+                sweepCollector: await factoryContract.read.sweepCollector(),
+                checkpointRewarder:
+                    await factoryContract.read.checkpointRewarder(),
+                ...(await getLinkerDetails(
+                    hre,
+                    hre.hyperdriveDeploy.deployments.byName(
+                        MAINNET_FACTORY_NAME,
+                    ).address,
+                )),
+                fees: {
+                    curve: parseEther("0.01"),
+                    flat: normalizeFee(parseEther("0.0005"), SIX_MONTHS),
+                    governanceLP: parseEther("0.15"),
+                    governanceZombie: parseEther("0.03"),
+                },
+            };
+        },
+    };
diff --git a/tasks/deploy/lib/constants.ts b/tasks/deploy/lib/constants.ts
@@ -103,6 +103,9 @@ export const USDS_ADDRESS_MAINNET =
 export const WSTETH_ADDRESS_MAINNET =
     "0x7f39C581F595B53c5cb19bD0b3f8dA6c935E2Ca0" as Address;
 
+export const WBTC_ADDRESS_MAINNET =
+    "0x2260FAC5E5542a773Aa44fBCfeDf7C193bc2C599" as Address;
+
 // ╭─────────────────────────────────────────────────────────╮
 // │ Mainnet Whales                                          │
 // ╰─────────────────────────────────────────────────────────╯