import * as _ from 'lodash' import { Bet } from './bet' import { deductFees, getProbability } from './calculate' import { Contract } from './contract' import { CREATOR_FEE, FEES } from './fees' export const getCancelPayouts = (contract: Contract, bets: Bet[]) => { const { pool } = contract const poolTotal = _.sum(Object.values(pool)) console.log('resolved N/A, pool M$', poolTotal) const betSum = _.sumBy(bets, (b) => b.amount) return bets.map((bet) => ({ userId: bet.userId, payout: (bet.amount / betSum) * poolTotal, })) } export const getStandardPayouts = ( outcome: string, contract: Contract, bets: Bet[] ) => { const winningBets = bets.filter((bet) => bet.outcome === outcome) const poolTotal = _.sum(Object.values(contract.pool)) const totalShares = _.sumBy(winningBets, (b) => b.shares) const payouts = winningBets.map(({ userId, amount, shares }) => { const winnings = (shares / totalShares) * poolTotal const profit = winnings - amount // profit can be negative if using phantom shares const payout = amount + (1 - FEES) * Math.max(0, profit) return { userId, profit, payout } }) const profits = _.sumBy(payouts, (po) => Math.max(0, po.profit)) const creatorPayout = CREATOR_FEE * profits console.log( 'resolved', outcome, 'pool', poolTotal, 'profits', profits, 'creator fee', creatorPayout ) return payouts .map(({ userId, payout }) => ({ userId, payout })) .concat([{ userId: contract.creatorId, payout: creatorPayout }]) // add creator fee } export const getMktPayouts = ( contract: Contract, bets: Bet[], resolutionProbability?: number ) => { const p = resolutionProbability === undefined ? getProbability(contract.totalShares) : resolutionProbability const weightedShareTotal = _.sumBy(bets, (b) => b.outcome === 'YES' ? p * b.shares : (1 - p) * b.shares ) const pool = contract.pool.YES + contract.pool.NO const payouts = bets.map(({ userId, outcome, amount, shares }) => { const betP = outcome === 'YES' ? p : 1 - p const winnings = ((betP * shares) / weightedShareTotal) * pool const profit = winnings - amount const payout = deductFees(amount, winnings) return { userId, profit, payout } }) const profits = _.sumBy(payouts, (po) => Math.max(0, po.profit)) const creatorPayout = CREATOR_FEE * profits console.log( 'resolved MKT', p, 'pool', pool, 'profits', profits, 'creator fee', creatorPayout ) return payouts .map(({ userId, payout }) => ({ userId, payout })) .concat([{ userId: contract.creatorId, payout: creatorPayout }]) // add creator fee } export const getPayouts = ( outcome: string, contract: Contract, bets: Bet[], resolutionProbability?: number ) => { switch (outcome) { case 'YES': case 'NO': return getStandardPayouts(outcome, contract, bets) case 'MKT': return getMktPayouts(contract, bets, resolutionProbability) case 'CANCEL': return getCancelPayouts(contract, bets) default: // Multi outcome. return getStandardPayouts(outcome, contract, bets) } } export const getPayoutsMultiOutcome = ( resolutions: { [outcome: string]: number }, contract: Contract, bets: Bet[] ) => { const poolTotal = _.sum(Object.values(contract.pool)) const winningBets = bets.filter((bet) => resolutions[bet.outcome]) const betsByOutcome = _.groupBy(winningBets, (bet) => bet.outcome) const sharesByOutcome = _.mapValues(betsByOutcome, (bets) => _.sumBy(bets, (bet) => bet.shares) ) const probTotal = _.sum(Object.values(resolutions)) const payouts = winningBets.map(({ userId, outcome, amount, shares }) => { const prob = resolutions[outcome] / probTotal const winnings = (shares / sharesByOutcome[outcome]) * prob * poolTotal const profit = winnings - amount const payout = amount + (1 - FEES) * Math.max(0, profit) return { userId, profit, payout } }) const profits = _.sumBy(payouts, (po) => po.profit) const creatorPayout = CREATOR_FEE * profits console.log( 'resolved', resolutions, 'pool', poolTotal, 'profits', profits, 'creator fee', creatorPayout ) return payouts .map(({ userId, payout }) => ({ userId, payout })) .concat([{ userId: contract.creatorId, payout: creatorPayout }]) // add creator fee }