feat: using short premia in collateral calculation

panoptic-labs · Oct 6, 2023 · 4c96959 · 4c96959
1 parent df0b612
commit 4c96959
Show file tree

Hide file tree

Showing 2 changed files with 3 additions and 4 deletions.
diff --git a/contracts/CollateralTracker.sol b/contracts/CollateralTracker.sol
@@ -1455,6 +1455,7 @@ contract CollateralTracker is ERC20Minimal, Multicall {
             // get all collateral required for the incoming list of positions
             tokenRequired = _getTotalRequiredCollateral(atTick, positionBalanceArray);
 
+            // If premium is negative, increase the short premium requirement by the maintenance margin ratio
             if (premiumAllPositions < 0) {
                 unchecked {
                     tokenRequired +=

diff --git a/contracts/PanopticPool.sol b/contracts/PanopticPool.sol
@@ -702,14 +702,12 @@ contract PanopticPool is ERC1155Holder, Multicall {
             // cache to avoid stack to deep errors
             int24 currentTick = tickStateCallContext.currentTick();
 
-            // compute accumulated premia for long options only
-            // this is used to compute the collateral requirement
-            // we only calculate long premium here as a protection buffer against minting a large number defined risk positions -eg. tiny spreads
+            // compute accumulated premia for all open options
             // Additionally Read all position balances from the Panoptic pool
             (portfolioPremium, positionBalanceArray) = _calculateAccumulatedPremia(
                 msg.sender,
                 positionIdList,
-                COMPUTE_LONG_PREMIA,
+                COMPUTE_ALL_PREMIA,
                 currentTick
             );