Account for MetaMorpho V1.1 lost assets in ARM NAV - #342
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Deploy scripts to upgrade the WETH ARM and Lido ARM lending markets
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Summary
Fixes ARM NAV accounting for MetaMorpho V1.1 vaults following underlying bad debt.
MetaMorpho V1.1 includes
lostAssetsintotalAssets(), preventing its reported share price from falling after a loss. The ARM previously trustedconvertToAssets(), which could overstate recoverable assets and incorrectly socialize losses between LPs.Changes
MetaMorphoV1_1Market, which values vault shares using:lostAssets.MorphoMarketimplementation because all production Morpho ARM markets use MetaMorpho V1.1.Testing
Added unit coverage for:
lostAssets.Full project build and all new accounting tests pass.