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Research and implement Ultraswap positions from Folks Finance #797

Closed garywontwin closed 10 months ago

garywontwin commented 10 months ago

Feature link: https://app.folks.finance/ultraswap

ipaleka commented 10 months ago

That "Convert" functionality has probably used Pact (https://github.com/asastats/channel/issues/738), but those up and down positions (long-short; Silo used the terms call and put, while Algorai uses bull and bear) need to be developed.

ipaleka commented 10 months ago

It is developed, and the deployment will probably take place tomorrow during the day or night.

Our data and Folks' can be compared only partially for now as they show only the value of the collateral (or borrow for down) on the positions' page:

The position quantity represents the total amount to which your ultraswap position is exposed. Specifically, it corresponds to the collateral of your loan in the case of an UP position and the amount borrowed on your loan in the case of a DOWN position. The amount refers to the time at which the position was opened. Below in brackets is shown the position size, i.e. the countervalue in USDC at this time.The position quantity represents the total amount to which your ultraswap position is exposed. Specifically, it corresponds to the collateral of your loan in the case of an UP position and the amount borrowed on your loan in the case of a DOWN position. The amount refers to the time at which the position was opened. Below in brackets is shown the position size, i.e. the countervalue in USDC at this time.

ipaleka commented 10 months ago

Hi @garywontwin !

Rewards cycle ended (https://github.com/asastats/channel/discussions/819) and I'll need your public Algorand address in order to send rewards to you. Can you please send it in DM to me in Discord (ipaleka) or in Reddit chat (u/hopemeetme) after you opt-in for the ASA Stats Token (ASASTATS; ID 393537671)?