manifold/common/sell-bet.ts
2022-01-10 17:52:03 -06:00

109 lines
2.6 KiB
TypeScript

import { Bet } from './bet'
import { Contract } from './contract'
import { CREATOR_FEE, PLATFORM_FEE } from './fees'
import { User } from './user'
export const getSellBetInfo = (
user: User,
bet: Bet,
contract: Contract,
newBetId: string
) => {
const { id: betId, amount, shares, outcome } = bet
const { YES: yesPool, NO: noPool } = contract.pool
const { YES: yesStart, NO: noStart } = contract.startPool
const { YES: yesShares, NO: noShares } = contract.totalShares
const { YES: yesBets, NO: noBets } = contract.totalBets
const [y, n, s] = [yesPool, noPool, shares]
const shareValue =
outcome === 'YES'
? // https://www.wolframalpha.com/input/?i=b+%2B+%28b+n%5E2%29%2F%28y+%28-b+%2B+y%29%29+%3D+c+solve+b
(n ** 2 +
s * y +
y ** 2 -
Math.sqrt(
n ** 4 + (s - y) ** 2 * y ** 2 + 2 * n ** 2 * y * (s + y)
)) /
(2 * y)
: (y ** 2 +
s * n +
n ** 2 -
Math.sqrt(
y ** 4 + (s - n) ** 2 * n ** 2 + 2 * y ** 2 * n * (s + n)
)) /
(2 * n)
const startPool = yesStart + noStart
const pool = yesPool + noPool - startPool
const probBefore = yesPool ** 2 / (yesPool ** 2 + noPool ** 2)
const f = pool / (probBefore * yesShares + (1 - probBefore) * noShares)
const myPool = outcome === 'YES' ? yesPool - yesStart : noPool - noStart
const adjShareValue = Math.min(Math.min(1, f) * shareValue, myPool)
const newPool =
outcome === 'YES'
? { YES: yesPool - adjShareValue, NO: noPool }
: { YES: yesPool, NO: noPool - adjShareValue }
const newTotalShares =
outcome === 'YES'
? { YES: yesShares - shares, NO: noShares }
: { YES: yesShares, NO: noShares - shares }
const newTotalBets =
outcome === 'YES'
? { YES: yesBets - amount, NO: noBets }
: { YES: yesBets, NO: noBets - amount }
const probAfter = newPool.YES ** 2 / (newPool.YES ** 2 + newPool.NO ** 2)
const creatorFee = CREATOR_FEE * adjShareValue
const saleAmount = (1 - CREATOR_FEE - PLATFORM_FEE) * adjShareValue
console.log(
'SELL M$',
amount,
outcome,
'for M$',
saleAmount,
'M$/share:',
f,
'creator fee: M$',
creatorFee
)
const newBet: Bet = {
id: newBetId,
userId: user.id,
contractId: contract.id,
amount: -adjShareValue,
shares: -shares,
outcome,
probBefore,
probAfter,
createdTime: Date.now(),
sale: {
amount: saleAmount,
betId,
},
}
const newBalance = user.balance + saleAmount
return {
newBet,
newPool,
newTotalShares,
newTotalBets,
newBalance,
creatorFee,
}
}