manifold/web/components/answers/answer-bet-panel.tsx

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import clsx from 'clsx'
import { useEffect, useRef, useState } from 'react'
import { XIcon } from '@heroicons/react/solid'
import { Answer } from 'common/answer'
import { FreeResponseContract, MultipleChoiceContract } from 'common/contract'
import { BuyAmountInput } from '../amount-input'
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import { Col } from '../layout/col'
import { APIError, placeBet } from 'web/lib/firebase/api'
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import { Row } from '../layout/row'
import { Spacer } from '../layout/spacer'
import {
formatMoney,
formatPercent,
formatWithCommas,
} from 'common/util/format'
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import { InfoTooltip } from '../info-tooltip'
import { useUser } from 'web/hooks/use-user'
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import {
Cfmm (#64) * cpmm initial commit: common logic, cloud functions * remove unnecessary property * contract type * rename 'calculate.ts' => 'calculate-dpm.ts' * rename dpm calculations * use focus hook * mechanism-agnostic calculations * bet panel: use new calculations * use new calculations * delete markets cloud function * use correct contract type in scripts / functions * calculate fixed payouts; bets list calculations * new bet: use calculateCpmmPurchase * getOutcomeProbabilityAfterBet * use deductFixedFees * fix auto-refactor * fix antes * separate logic to payouts-dpm, payouts-fixed * liquidity provision tracking * remove comment * liquidity label * create liquidity provision even if no ante bet * liquidity fee * use all bets for getFixedCancelPayouts * updateUserBalance: allow negative balances * store initialProbability in contracts * turn on liquidity fee; turn off creator fee * Include time param in tweet url, so image preview is re-fetched * share redemption * cpmm ContractBetsTable display * formatMoney: handle minus zero * filter out redemption bets * track fees on contract and bets; change fee schedule for cpmm markets; only pay out creator fees at resolution * small fixes * small fixes * Redeem shares pays back loans first * Fix initial point on graph * calculateCpmmPurchase: deduct creator fee * Filter out redemption bets from feed * set env to dev for user-testing purposes * creator fees messaging * new cfmm: k = y^(1-p) * n^p * addCpmmLiquidity * correct price function * enable fees * handle overflow * liquidity provision tracking * raise fees * Fix merge error * fix dpm free response payout for single outcome * Fix DPM payout calculation * Remove hardcoding as dev Co-authored-by: James Grugett <jahooma@gmail.com>
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getDpmOutcomeProbability,
calculateDpmShares,
calculateDpmPayoutAfterCorrectBet,
getDpmOutcomeProbabilityAfterBet,
} from 'common/calculate-dpm'
import { Bet } from 'common/bet'
import { track } from 'web/lib/service/analytics'
import { BetSignUpPrompt } from '../sign-up-prompt'
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import { isIOS } from 'web/lib/util/device'
import { AlertBox } from '../alert-box'
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export function AnswerBetPanel(props: {
answer: Answer
contract: FreeResponseContract | MultipleChoiceContract
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closePanel: () => void
className?: string
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isModal?: boolean
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}) {
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const { answer, contract, closePanel, className, isModal } = props
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const { id: answerId } = answer
const user = useUser()
const [betAmount, setBetAmount] = useState<number | undefined>(undefined)
const [error, setError] = useState<string | undefined>()
const [isSubmitting, setIsSubmitting] = useState(false)
const inputRef = useRef<HTMLElement>(null)
useEffect(() => {
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if (isIOS()) window.scrollTo(0, window.scrollY + 200)
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inputRef.current && inputRef.current.focus()
}, [])
async function submitBet() {
if (!user || !betAmount) return
setError(undefined)
setIsSubmitting(true)
placeBet({
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amount: betAmount,
outcome: answerId,
contractId: contract.id,
})
.then((r) => {
console.log('placed bet. Result:', r)
setIsSubmitting(false)
setBetAmount(undefined)
props.closePanel()
})
.catch((e) => {
if (e instanceof APIError) {
setError(e.toString())
} else {
console.error(e)
setError('Error placing bet')
}
setIsSubmitting(false)
})
track('bet', {
location: 'answer panel',
outcomeType: contract.outcomeType,
slug: contract.slug,
contractId: contract.id,
amount: betAmount,
outcome: answerId,
})
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}
const betDisabled = isSubmitting || !betAmount || error
Cfmm (#64) * cpmm initial commit: common logic, cloud functions * remove unnecessary property * contract type * rename 'calculate.ts' => 'calculate-dpm.ts' * rename dpm calculations * use focus hook * mechanism-agnostic calculations * bet panel: use new calculations * use new calculations * delete markets cloud function * use correct contract type in scripts / functions * calculate fixed payouts; bets list calculations * new bet: use calculateCpmmPurchase * getOutcomeProbabilityAfterBet * use deductFixedFees * fix auto-refactor * fix antes * separate logic to payouts-dpm, payouts-fixed * liquidity provision tracking * remove comment * liquidity label * create liquidity provision even if no ante bet * liquidity fee * use all bets for getFixedCancelPayouts * updateUserBalance: allow negative balances * store initialProbability in contracts * turn on liquidity fee; turn off creator fee * Include time param in tweet url, so image preview is re-fetched * share redemption * cpmm ContractBetsTable display * formatMoney: handle minus zero * filter out redemption bets * track fees on contract and bets; change fee schedule for cpmm markets; only pay out creator fees at resolution * small fixes * small fixes * Redeem shares pays back loans first * Fix initial point on graph * calculateCpmmPurchase: deduct creator fee * Filter out redemption bets from feed * set env to dev for user-testing purposes * creator fees messaging * new cfmm: k = y^(1-p) * n^p * addCpmmLiquidity * correct price function * enable fees * handle overflow * liquidity provision tracking * raise fees * Fix merge error * fix dpm free response payout for single outcome * Fix DPM payout calculation * Remove hardcoding as dev Co-authored-by: James Grugett <jahooma@gmail.com>
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const initialProb = getDpmOutcomeProbability(contract.totalShares, answer.id)
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Cfmm (#64) * cpmm initial commit: common logic, cloud functions * remove unnecessary property * contract type * rename 'calculate.ts' => 'calculate-dpm.ts' * rename dpm calculations * use focus hook * mechanism-agnostic calculations * bet panel: use new calculations * use new calculations * delete markets cloud function * use correct contract type in scripts / functions * calculate fixed payouts; bets list calculations * new bet: use calculateCpmmPurchase * getOutcomeProbabilityAfterBet * use deductFixedFees * fix auto-refactor * fix antes * separate logic to payouts-dpm, payouts-fixed * liquidity provision tracking * remove comment * liquidity label * create liquidity provision even if no ante bet * liquidity fee * use all bets for getFixedCancelPayouts * updateUserBalance: allow negative balances * store initialProbability in contracts * turn on liquidity fee; turn off creator fee * Include time param in tweet url, so image preview is re-fetched * share redemption * cpmm ContractBetsTable display * formatMoney: handle minus zero * filter out redemption bets * track fees on contract and bets; change fee schedule for cpmm markets; only pay out creator fees at resolution * small fixes * small fixes * Redeem shares pays back loans first * Fix initial point on graph * calculateCpmmPurchase: deduct creator fee * Filter out redemption bets from feed * set env to dev for user-testing purposes * creator fees messaging * new cfmm: k = y^(1-p) * n^p * addCpmmLiquidity * correct price function * enable fees * handle overflow * liquidity provision tracking * raise fees * Fix merge error * fix dpm free response payout for single outcome * Fix DPM payout calculation * Remove hardcoding as dev Co-authored-by: James Grugett <jahooma@gmail.com>
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const resultProb = getDpmOutcomeProbabilityAfterBet(
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contract.totalShares,
answerId,
betAmount ?? 0
)
Cfmm (#64) * cpmm initial commit: common logic, cloud functions * remove unnecessary property * contract type * rename 'calculate.ts' => 'calculate-dpm.ts' * rename dpm calculations * use focus hook * mechanism-agnostic calculations * bet panel: use new calculations * use new calculations * delete markets cloud function * use correct contract type in scripts / functions * calculate fixed payouts; bets list calculations * new bet: use calculateCpmmPurchase * getOutcomeProbabilityAfterBet * use deductFixedFees * fix auto-refactor * fix antes * separate logic to payouts-dpm, payouts-fixed * liquidity provision tracking * remove comment * liquidity label * create liquidity provision even if no ante bet * liquidity fee * use all bets for getFixedCancelPayouts * updateUserBalance: allow negative balances * store initialProbability in contracts * turn on liquidity fee; turn off creator fee * Include time param in tweet url, so image preview is re-fetched * share redemption * cpmm ContractBetsTable display * formatMoney: handle minus zero * filter out redemption bets * track fees on contract and bets; change fee schedule for cpmm markets; only pay out creator fees at resolution * small fixes * small fixes * Redeem shares pays back loans first * Fix initial point on graph * calculateCpmmPurchase: deduct creator fee * Filter out redemption bets from feed * set env to dev for user-testing purposes * creator fees messaging * new cfmm: k = y^(1-p) * n^p * addCpmmLiquidity * correct price function * enable fees * handle overflow * liquidity provision tracking * raise fees * Fix merge error * fix dpm free response payout for single outcome * Fix DPM payout calculation * Remove hardcoding as dev Co-authored-by: James Grugett <jahooma@gmail.com>
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const shares = calculateDpmShares(
contract.totalShares,
betAmount ?? 0,
answerId
)
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const currentPayout = betAmount
Cfmm (#64) * cpmm initial commit: common logic, cloud functions * remove unnecessary property * contract type * rename 'calculate.ts' => 'calculate-dpm.ts' * rename dpm calculations * use focus hook * mechanism-agnostic calculations * bet panel: use new calculations * use new calculations * delete markets cloud function * use correct contract type in scripts / functions * calculate fixed payouts; bets list calculations * new bet: use calculateCpmmPurchase * getOutcomeProbabilityAfterBet * use deductFixedFees * fix auto-refactor * fix antes * separate logic to payouts-dpm, payouts-fixed * liquidity provision tracking * remove comment * liquidity label * create liquidity provision even if no ante bet * liquidity fee * use all bets for getFixedCancelPayouts * updateUserBalance: allow negative balances * store initialProbability in contracts * turn on liquidity fee; turn off creator fee * Include time param in tweet url, so image preview is re-fetched * share redemption * cpmm ContractBetsTable display * formatMoney: handle minus zero * filter out redemption bets * track fees on contract and bets; change fee schedule for cpmm markets; only pay out creator fees at resolution * small fixes * small fixes * Redeem shares pays back loans first * Fix initial point on graph * calculateCpmmPurchase: deduct creator fee * Filter out redemption bets from feed * set env to dev for user-testing purposes * creator fees messaging * new cfmm: k = y^(1-p) * n^p * addCpmmLiquidity * correct price function * enable fees * handle overflow * liquidity provision tracking * raise fees * Fix merge error * fix dpm free response payout for single outcome * Fix DPM payout calculation * Remove hardcoding as dev Co-authored-by: James Grugett <jahooma@gmail.com>
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? calculateDpmPayoutAfterCorrectBet(contract, {
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outcome: answerId,
amount: betAmount,
shares,
} as Bet)
: 0
const currentReturn = betAmount ? (currentPayout - betAmount) / betAmount : 0
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const currentReturnPercent = formatPercent(currentReturn)
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const bankrollFraction = (betAmount ?? 0) / (user?.balance ?? 1e9)
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return (
<Col className={clsx('px-2 pb-2 pt-4 sm:pt-0', className)}>
<Row className="items-center justify-between self-stretch">
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<div className="text-xl">
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Bet on {isModal ? `"${answer.text}"` : 'this answer'}
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</div>
{!isModal && (
<button className="btn-ghost btn-circle" onClick={closePanel}>
<XIcon
className="mx-auto h-8 w-8 text-gray-500"
aria-hidden="true"
/>
</button>
)}
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</Row>
<div className="my-3 text-left text-sm text-gray-500">Amount </div>
<BuyAmountInput
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inputClassName="w-full max-w-none"
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amount={betAmount}
onChange={setBetAmount}
error={error}
setError={setError}
disabled={isSubmitting}
inputRef={inputRef}
/>
{(betAmount ?? 0) > 10 &&
bankrollFraction >= 0.5 &&
bankrollFraction <= 1 ? (
<AlertBox
title="Whoa, there!"
text={`You might not want to spend ${formatPercent(
bankrollFraction
)} of your balance on a single bet. \n\nCurrent balance: ${formatMoney(
user?.balance ?? 0
)}`}
/>
) : (
''
)}
<Col className="mt-3 w-full gap-3">
<Row className="items-center justify-between text-sm">
<div className="text-gray-500">Probability</div>
<Row>
<div>{formatPercent(initialProb)}</div>
<div className="mx-2"></div>
<div>{formatPercent(resultProb)}</div>
</Row>
</Row>
<Row className="items-center justify-between gap-2 text-sm">
<Row className="flex-nowrap items-center gap-2 whitespace-nowrap text-gray-500">
<div>
Estimated <br /> payout if chosen
</div>
<InfoTooltip
text={`Current payout for ${formatWithCommas(
shares
)} / ${formatWithCommas(
shares + contract.totalShares[answerId]
)} shares`}
/>
</Row>
<Row className="flex-wrap items-end justify-end gap-2">
<span className="whitespace-nowrap">
{formatMoney(currentPayout)}
</span>
<span>(+{currentReturnPercent})</span>
</Row>
</Row>
</Col>
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<Spacer h={6} />
{user ? (
<button
className={clsx(
'btn self-stretch',
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betDisabled ? 'btn-disabled' : 'btn-primary',
isSubmitting ? 'loading' : ''
)}
onClick={betDisabled ? undefined : submitBet}
>
{isSubmitting ? 'Submitting...' : 'Submit trade'}
</button>
) : (
<BetSignUpPrompt />
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)}
</Col>
)
}