shmonad fee adapter #4878

uwezukwechibuzor · 2025-12-01T14:43:23Z

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Name (to be shown on DefiLlama):

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List of audit links if any:

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Logo (High resolution, will be shown with rounded borders):

Current TVL:

Treasury Addresses (if the protocol has treasury)

Chain:

Coingecko ID (so your TVL can appear on Coingecko, leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)

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Short Description (to be shown on DefiLlama):

Token address and ticker if any:

Category (full list at https://defillama.com/categories) *Please choose only one:

Oracle Provider(s): Specify the oracle(s) used (e.g., Chainlink, Band, API3, TWAP, etc.):

Implementation Details: Briefly describe how the oracle is integrated into your project:

Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:

forkedFrom (Does your project originate from another project):

methodology (what is being counted as tvl, how is tvl being calculated):

Github org/user (Optional, if your code is open source, we can track activity):

llamabutler · 2025-12-01T14:44:04Z

The shmonad adapter exports:

> [email protected] test
> ts-node --transpile-only cli/testAdapter.ts fees shmonad

🦙 Running SHMONAD adapter 🦙
---------------------------------------------------
Start Date:	Sun, 30 Nov 2025 12:14:00 GMT
End Date:	Mon, 01 Dec 2025 12:14:00 GMT
---------------------------------------------------

MONAD 👇
Backfill start time: 1/11/2024
Daily fees: 1.78 k
Daily revenue: 1.78 k
Daily protocol revenue: 89.00
Daily supply side revenue: 1.69 k
Daily holders revenue: 1.69 k
End timestamp: 1764591239 (2025-12-01T12:13:59.000Z)

noateden · 2025-12-02T17:13:17Z

fees/shmonad/index.ts

+     * @return totalZeroYieldPayable The MON amount earmarked for zero-yield obligations (e.g., commission accruals).
+     * https://github.com/FastLane-Labs/fastlane-contracts/blob/485e9305b251089b94f62ef22b7ab9a74e0d32c3/src/shmonad/Storage.sol#L157
+*/
+const globalLiabilitiesAbi = "function globalLiabilities() view returns (uint128 rewardsPayable, uint128 redemptionsPayable, uint128 totalZeroYieldPayable)";


I would wrap all abi variables inside a single variable like ABIS = { getAtomicCapitalAbi, ... }, it makes codes easier to read

noateden · 2025-12-02T17:14:14Z

fees/shmonad/index.ts

+const getAtomicCapitalAbi = "function getAtomicCapital() view returns (uint256 allocated, uint256 distributed)";
+const getCurrentAssetsAbi = "function getCurrentAssets() view returns (uint256)";
+const getWorkingCapitalAbi = "function getWorkingCapital() view returns (uint256 staked, uint256 reserved)";
+const totalSupplyAbi = "function totalSupply() view returns (uint256)";


let you know we support simple form of abi for function like totalSupply
Instead of function totalSupply() view returns (uint256)
you can use uint256:totalSupply

noateden · 2025-12-02T17:17:01Z

fees/shmonad/index.ts

+    atomicCapital.allocated +
+    currentAssets;
+
+  const totalLiabilities =


Do we really need to calculate this? Because I can see we can get Liabilities from atomicCapital, something like this:
https://github.com/DefiLlama/DefiLlama-Adapters/blob/main/projects/shmonad/index.js#L27

noateden · 2025-12-02T17:18:54Z

fees/shmonad/index.ts

+  return totalAssets - totalLiabilities;
+}
+
+const getFetch = () => {


please don't do this, except when you need to pass parameters to getFetch function. I would use simple function

const fetch = async (options: FetchOptions) => { // code logics }

noateden · 2025-12-02T17:19:45Z

fees/shmonad/index.ts

+    const dailyProtocolRevenue = options.createBalances();
+    const dailySupplySideRevenue = options.createBalances();
+
+    try {


you don't need try catch here, you should throw Error when failed to read contract

noateden · 2025-12-02T17:20:27Z

fees/shmonad/index.ts

+        options.fromApi.call({ target: SHMONAD_CONTRACT, abi: getWorkingCapitalAbi }),
+        options.fromApi.call({ target: SHMONAD_CONTRACT, abi: getAtomicCapitalAbi }),
+        options.fromApi.call({ target: SHMONAD_CONTRACT, abi: getCurrentAssetsAbi }),
+        options.fromApi.call({ target: SHMONAD_CONTRACT, abi: globalLiabilitiesAbi }),


check this codes, you can reduce the globalLiabilitiesAbi contract call
https://github.com/DefiLlama/DefiLlama-Adapters/blob/main/projects/shmonad/index.js#L27

noateden · 2025-12-02T17:21:29Z

fees/shmonad/index.ts

+
+      // CONVERT TO BIGINT
+      // Helper function to safely convert contract return objects to BigInt structure.
+      const toBigInt = (obj: any) => ({


you don't need to do this, because sdk return data in BigInt already

noateden

can you check the contract again? I believe it was an ERC 4626 vault, so you can get the exchange rate before/after by using 2 api calls only

noateden · 2025-12-02T17:36:47Z

fees/shmonad/index.ts

+      if (totalRewards > 0n) {
+        dailyFees.addGasToken(totalRewards);
+
+        // Protocol revenue = 5%


Does shmond distribute rewards to stakers pre or post protocol revenue cut?

Does shmond distribute rewards to stakers pre or post protocol revenue cut?

shmond distribute rewards to stakers post protocol revenue cut

uwezukwechibuzor · 2025-12-02T20:29:50Z

Thanks for the detailed review @noateden — noted on all points.
I’ll update the PR accordingly

llamabutler · 2025-12-03T03:57:12Z

The shmonad adapter exports:

> [email protected] test
> ts-node --transpile-only cli/testAdapter.ts fees shmonad

🦙 Running SHMONAD adapter 🦙
---------------------------------------------------
Start Date:	Tue, 02 Dec 2025 01:27:09 GMT
End Date:	Wed, 03 Dec 2025 01:27:09 GMT
---------------------------------------------------

MONAD 👇
Backfill start time: 1/11/2024
Daily fees: 4.19 k
Daily revenue: 210.00
Daily protocol revenue: 210.00
Daily supply side revenue: 3.98 k
Daily holders revenue: 3.98 k
End timestamp: 1764725228 (2025-12-03T01:27:08.000Z)

uwezukwechibuzor · 2025-12-03T04:06:01Z

can you check the contract again? I believe it was an ERC 4626 vault, so you can get the exchange rate before/after by using 2 api calls only

The contract is indeed an ERC 4626 vault. Thanks for the clarification!

noateden · 2025-12-03T09:54:50Z

fees/shmonad/index.ts

+    dailyRevenue: dailyProtocolRevenue,
+    dailyProtocolRevenue,
+    dailySupplySideRevenue,
+    dailyHoldersRevenue: dailySupplySideRevenue,


this project doesn't has a token, we don't count rewards to LST as holders revenue

fees/shmonad/index.ts

llamabutler · 2025-12-03T12:31:27Z

The shmonad adapter exports:

> [email protected] test
> ts-node --transpile-only cli/testAdapter.ts fees shmonad

🦙 Running SHMONAD adapter 🦙
---------------------------------------------------
Start Date:	Tue, 02 Dec 2025 10:01:25 GMT
End Date:	Wed, 03 Dec 2025 10:01:25 GMT
---------------------------------------------------

MONAD 👇
Backfill start time: 1/11/2024
Daily fees: 6.50 k
Daily revenue: 325.00
Daily protocol revenue: 325.00
Daily supply side revenue: 6.17 k
End timestamp: 1764756084 (2025-12-03T10:01:24.000Z)

llamabutler · 2025-12-03T12:38:31Z

The shmonad adapter exports:

> [email protected] test
> ts-node --transpile-only cli/testAdapter.ts fees shmonad

🦙 Running SHMONAD adapter 🦙
---------------------------------------------------
Start Date:	Tue, 02 Dec 2025 10:08:27 GMT
End Date:	Wed, 03 Dec 2025 10:08:27 GMT
---------------------------------------------------

MONAD 👇
Backfill start time: 1/11/2024
Daily fees: 6.54 k
Daily revenue: 327.00
Daily protocol revenue: 327.00
Daily supply side revenue: 6.21 k
End timestamp: 1764756506 (2025-12-03T10:08:26.000Z)

llamabutler · 2025-12-03T14:14:35Z

The shmonad adapter exports:

> [email protected] test
> ts-node --transpile-only cli/testAdapter.ts fees shmonad

🦙 Running SHMONAD adapter 🦙
---------------------------------------------------
Start Date:	Tue, 02 Dec 2025 11:44:33 GMT
End Date:	Wed, 03 Dec 2025 11:44:33 GMT
---------------------------------------------------

MONAD 👇
Backfill start time: 1/11/2024
Daily fees: 10.02 k
Daily revenue: 501.00
Daily protocol revenue: 501.00
Daily supply side revenue: 9.52 k
End timestamp: 1764762272 (2025-12-03T11:44:32.000Z)

treeoflife2 self-assigned this Dec 2, 2025

noateden assigned noateden and unassigned treeoflife2 Dec 2, 2025

noateden reviewed Dec 2, 2025

View reviewed changes

noateden requested changes Dec 2, 2025

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noateden reviewed Dec 2, 2025

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uwezukwechibuzor force-pushed the shmonad branch from 231712c to 227c5e8 Compare December 3, 2025 03:56

uwezukwechibuzor requested a review from noateden December 3, 2025 03:58

noateden reviewed Dec 3, 2025

View reviewed changes

fees/shmonad/index.ts Outdated Show resolved Hide resolved

uwezukwechibuzor added 3 commits December 3, 2025 13:33

shmonad fee adapter

780d7c7

update shmonad fee adapter

742d486

remove holders revenue

cdcf4f6

uwezukwechibuzor force-pushed the shmonad branch from 19881bf to cdcf4f6 Compare December 3, 2025 12:38

uwezukwechibuzor requested a review from noateden December 3, 2025 13:01

update net rewards

0b20ead

shmonad fee adapter #4878

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shmonad fee adapter #4878

Conversation

uwezukwechibuzor commented Dec 1, 2025

Please enable "Allow edits by maintainers" while putting up the PR.

Name (to be shown on DefiLlama):

Twitter Link:

List of audit links if any:

Website Link:

Logo (High resolution, will be shown with rounded borders):

Current TVL:

Treasury Addresses (if the protocol has treasury)

Chain:

Coingecko ID (so your TVL can appear on Coingecko, leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)

Coinmarketcap ID (so your TVL can appear on Coinmarketcap, leave empty if not listed): (https://api.coinmarketcap.com/data-api/v3/map/all?listing_status=active,inactive,untracked&start=1&limit=10000)

Short Description (to be shown on DefiLlama):

Token address and ticker if any:

Category (full list at https://defillama.com/categories) *Please choose only one:

Oracle Provider(s): Specify the oracle(s) used (e.g., Chainlink, Band, API3, TWAP, etc.):

Implementation Details: Briefly describe how the oracle is integrated into your project:

Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:

forkedFrom (Does your project originate from another project):

methodology (what is being counted as tvl, how is tvl being calculated):

Github org/user (Optional, if your code is open source, we can track activity):

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uwezukwechibuzor commented Dec 2, 2025

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