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ze97286 authored Sep 23, 2024
2 parents fc5e634 + 7887a8a commit 92e4237
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1 change: 1 addition & 0 deletions CHANGELOG.md
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- [11681](https://github.com/vegaprotocol/vega/issues/11681) - Account for conflicts inserting funding payment records.
- [11684](https://github.com/vegaprotocol/vega/issues/11684) - Better error when `Arbitrum` bridge details are missing from validator configuration.
- [11696](https://github.com/vegaprotocol/vega/issues/11696) - Add binding for estimate fees API.
- [11699](https://github.com/vegaprotocol/vega/issues/11699) - Update factors of programs when they are updated.


## 0.78.2
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6 changes: 3 additions & 3 deletions core/integration/features/referrals/0083-RFPR-running_volume.feature
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Expand Up @@ -358,6 +358,6 @@ Feature: Calculating referral set running volumes
# Check running volume correctly calculated for a variety of window lengths
Examples:
| window length | running volume 1 | running volume 2 | running volume 3 | running volume 4 |
| 1 | 10000 | 10000 | 10000 | 10000 |
| 2 | 10000 | 20000 | 20000 | 20000 |
| 3 | 10000 | 20000 | 30000 | 30000 |
| 1 | 10000 | 20000 | 10000 | 10000 |
| 2 | 10000 | 30000 | 30000 | 20000 |
| 3 | 10000 | 30000 | 40000 | 40000 |
189 changes: 189 additions & 0 deletions core/integration/features/verified/enactment_HVMR.feature
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Feature: Volume rebate program - program enactment

Volume rebate program rewards parties who comprise above a specified
fraction of the maker volume on the network in a window with an
extra rebate factor.

Tests check on program enactment party benefit factors are updated
correctly and applied in the next epoch.

Background:

# Initialise the network and register the assets
Given the average block duration is "1"
And the following network parameters are set:
| name | value |
| market.fee.factors.makerFee | 0.01 |
| market.fee.factors.infrastructureFee | 0.01 |
| market.fee.factors.treasuryFee | 0.1 |
| market.fee.factors.buybackFee | 0.1 |
| network.markPriceUpdateMaximumFrequency | 0s |
| validators.epoch.length | 20s |
| market.auction.minimumDuration | 1 |

And the following assets are registered:
| id | decimal places | quantum |
| USD-0-1 | 0 | 1 |
| MXN-0-1 | 0 | 1 |

# Initialise the parties and deposit assets
Given the parties deposit on asset's general account the following amount:
| party | asset | amount |
| aux1 | USD-0-1 | 1000000 |
| aux2 | USD-0-1 | 1000000 |
| aux1 | MXN-0-1 | 10000000 |
| aux2 | MXN-0-1 | 10000000 |

# Setup the markets
And the markets:
| id | quote name | asset | risk model | margin calculator | auction duration | fees | price monitoring | data source config | linear slippage factor | quadratic slippage factor | sla params | decimal places | position decimal places |
| BTC/USD-0-1 | USD | USD-0-1 | default-log-normal-risk-model | default-margin-calculator | 1 | default-none | default-none | default-eth-for-future | 1e-3 | 0 | default-futures | 0 | 0 |
| BTC/MXN-0-1 | VND | MXN-0-1 | default-log-normal-risk-model | default-margin-calculator | 1 | default-none | default-none | default-eth-for-future | 1e-3 | 0 | default-futures | 0 | 0 |
And the spot markets:
| id | name | base asset | quote asset | risk model | auction duration | fees | price monitoring | decimal places | position decimal places | sla params |
| MXN-0-1/USD-0-1 | MXN/USD | MXN-0-1 | USD-0-1 | default-log-normal-risk-model | 1 | default-none | default-none | 0 | 0 | default-basic |
| USD-0-1/MXN-0-1 | MXN/USD | USD-0-1 | MXN-0-1 | default-log-normal-risk-model | 1 | default-none | default-none | 0 | 0 | default-basic |
And the parties place the following orders:
| party | market id | side | volume | price | resulting trades | type | tif |
| aux1 | BTC/USD-0-1 | buy | 1 | 50000 | 0 | TYPE_LIMIT | TIF_GTC |
| aux2 | BTC/USD-0-1 | sell | 1 | 50000 | 0 | TYPE_LIMIT | TIF_GTC |
And the parties place the following orders:
| party | market id | side | volume | price | resulting trades | type | tif |
| aux1 | BTC/MXN-0-1 | buy | 1 | 500000 | 0 | TYPE_LIMIT | TIF_GTC |
| aux2 | BTC/MXN-0-1 | sell | 1 | 500000 | 0 | TYPE_LIMIT | TIF_GTC |
And the parties place the following orders:
| party | market id | side | volume | price | resulting trades | type | tif |
| aux1 | MXN-0-1/USD-0-1 | buy | 1 | 50000 | 0 | TYPE_LIMIT | TIF_GTC |
| aux2 | MXN-0-1/USD-0-1 | sell | 1 | 50000 | 0 | TYPE_LIMIT | TIF_GTC |
And the parties place the following orders:
| party | market id | side | volume | price | resulting trades | type | tif |
| aux1 | USD-0-1/MXN-0-1 | buy | 1 | 500000 | 0 | TYPE_LIMIT | TIF_GTC |
| aux2 | USD-0-1/MXN-0-1 | sell | 1 | 500000 | 0 | TYPE_LIMIT | TIF_GTC |
When the network moves ahead "2" blocks
And the trading mode should be "TRADING_MODE_CONTINUOUS" for the market "BTC/USD-0-1"
And the trading mode should be "TRADING_MODE_CONTINUOUS" for the market "MXN-0-1/USD-0-1"

Given the parties deposit on asset's general account the following amount:
| party | asset | amount |
| party1 | USD-0-1 | 1000000 |
| party2 | USD-0-1 | 1000000 |
| party1 | MXN-0-1 | 10000000 |
| party2 | MXN-0-1 | 10000000 |


Scenario: No program currently active, new program enacted, rebate factors applied from the start of the next epoch.

# First generate some maker volume, so in the next epoch after the program is created party1 will qualify for the rebate factor
Given the parties place the following orders:
| party | market id | side | volume | price | resulting trades | type | tif | error |
| party1 | <market> | buy | 1 | 50000 | 0 | TYPE_LIMIT | TIF_GTC | |
| aux1 | <market> | sell | 1 | 50000 | 1 | TYPE_LIMIT | TIF_GTC | |
When the network moves ahead "1" blocks
Then the following trades should be executed:
| buyer | seller | size | price | aggressor side | buyer maker fee | seller maker fee |
| party1 | aux1 | 1 | 50000 | sell | 0 | 500 |

# Enact the new rebate program
Given the volume rebate program tiers named "vrt":
| fraction | rebate |
| 0.0001 | 0.001 |
And the volume rebate program:
| id | tiers | closing timestamp | window length |
| id | vrt | 0 | 1 |

# Move ahead to the first epoch after enactment, check party1 is receiving rebates proportional to the rebate factor
Given the network moves ahead "1" epochs
And the parties place the following orders:
| party | market id | side | volume | price | resulting trades | type | tif | error |
| party1 | <market> | buy | 1 | 50000 | 0 | TYPE_LIMIT | TIF_GTC | |
| aux1 | <market> | sell | 1 | 50000 | 1 | TYPE_LIMIT | TIF_GTC | |
When the network moves ahead "1" blocks
Then the following trades should be executed:
| buyer | seller | size | price | aggressor side | buyer high volume maker fee | seller high volume maker fee |
| party1 | aux1 | 1 | 50000 | sell | 0 | 50 |
And the following transfers should happen:
| from | to | from account | to account | market id | amount | asset | type |
| | party1 | ACCOUNT_TYPE_FEES_MAKER | ACCOUNT_TYPE_GENERAL | <market> | 50 | USD-0-1 | TRANSFER_TYPE_HIGH_MAKER_FEE_REBATE_RECEIVE |

Examples:
# Check the above scenario for a derivative and spot market
| market |
| BTC/USD-0-1 |
| MXN-0-1/USD-0-1 |


Scenario: Program currently active, program update enacted, rebate factors applied from the start of the next epoch.

# Enact the original referral program and move to the first epoch after enactment
Given the volume rebate program tiers named "vrt":
| fraction | rebate |
| 0.0001 | 0.001 |
And the volume rebate program:
| id | tiers | closing timestamp | window length |
| id | vrt | 0 | 1 |
And the network moves ahead "1" epochs

# First generate some maker volume, so in the next epoch party1 will qualify for the rebate factor
Given the parties place the following orders:
| party | market id | side | volume | price | resulting trades | type | tif | error |
| party1 | <market> | buy | 1 | 50000 | 0 | TYPE_LIMIT | TIF_GTC | |
| aux1 | <market> | sell | 1 | 50000 | 1 | TYPE_LIMIT | TIF_GTC | |
When the network moves ahead "1" blocks
Then the following trades should be executed:
| buyer | seller | size | price | aggressor side | buyer maker fee | seller maker fee |
| party1 | aux1 | 1 | 50000 | sell | 0 | 500 |

# Move ahead an epoch so factors updated, check party1 is receiving rebates proportional to the rebate factor
Given the network moves ahead "1" epochs
And the parties place the following orders:
| party | market id | side | volume | price | resulting trades | type | tif | error |
| party1 | <market> | buy | 1 | 50000 | 0 | TYPE_LIMIT | TIF_GTC | |
| aux1 | <market> | sell | 1 | 50000 | 1 | TYPE_LIMIT | TIF_GTC | |
When the network moves ahead "1" blocks
Then the following trades should be executed:
| buyer | seller | size | price | aggressor side | buyer high volume maker fee | seller high volume maker fee |
| party1 | aux1 | 1 | 50000 | sell | 0 | 50 |
And the following transfers should happen:
| from | to | from account | to account | market id | amount | asset | type |
| | party1 | ACCOUNT_TYPE_FEES_MAKER | ACCOUNT_TYPE_GENERAL | <market> | 50 | USD-0-1 | TRANSFER_TYPE_HIGH_MAKER_FEE_REBATE_RECEIVE |

# Enact an update to the rebate program - doubling the rebates
Given the volume rebate program tiers named "vrt":
| fraction | rebate |
| 0.0001 | 0.002 |
And the volume rebate program:
| id | tiers | closing timestamp | window length |
| id | vrt | 0 | 1 |

# Before moving to the next epoch, check party1 is still receiving rebates proportional to the original rebate factor
Given the parties place the following orders:
| party | market id | side | volume | price | resulting trades | type | tif | error |
| party1 | <market> | buy | 1 | 50000 | 0 | TYPE_LIMIT | TIF_GTC | |
| aux1 | <market> | sell | 1 | 50000 | 1 | TYPE_LIMIT | TIF_GTC | |
When the network moves ahead "1" blocks
Then the following trades should be executed:
| buyer | seller | size | price | aggressor side | buyer high volume maker fee | seller high volume maker fee |
| party1 | aux1 | 1 | 50000 | sell | 0 | 50 |
And the following transfers should happen:
| from | to | from account | to account | market id | amount | asset | type |
| | party1 | ACCOUNT_TYPE_FEES_MAKER | ACCOUNT_TYPE_GENERAL | <market> | 50 | USD-0-1 | TRANSFER_TYPE_HIGH_MAKER_FEE_REBATE_RECEIVE |

# Move to the first epoch after program update, check party1 is now receiving rebates proportional to the updated rebate factor
Given the network moves ahead "1" epochs
And the parties place the following orders:
| party | market id | side | volume | price | resulting trades | type | tif | error |
| party1 | <market> | buy | 1 | 50000 | 0 | TYPE_LIMIT | TIF_GTC | |
| aux1 | <market> | sell | 1 | 50000 | 1 | TYPE_LIMIT | TIF_GTC | |
When the network moves ahead "1" blocks
Then the following trades should be executed:
| buyer | seller | size | price | aggressor side | buyer high volume maker fee | seller high volume maker fee |
| party1 | aux1 | 1 | 50000 | sell | 0 | 100 |
And the following transfers should happen:
| from | to | from account | to account | market id | amount | asset | type |
| | party1 | ACCOUNT_TYPE_FEES_MAKER | ACCOUNT_TYPE_GENERAL | <market> | 100 | USD-0-1 | TRANSFER_TYPE_HIGH_MAKER_FEE_REBATE_RECEIVE |

Examples:
# Check the above scenario for a derivative and spot market
| market |
| BTC/USD-0-1 |
| MXN-0-1/USD-0-1 |
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