[CoW AMM] Metric for daily invariant growth (surplus) per $100

cowamm/profitability/invariant_growth/cow_amm_4059213.sql

@@ -0,0 +1,31 @@
+-- Computes the surplus per $100 tvl per day (aka its invariant growth) for a CoW AMM.
+-- Parameters
+--  {{token_a}} - either token of the desired uni pool
+--  {{token_b}} - other token of the desired uni pool
+--  {{start}} - date as of which the analysis should run
+
+-- Finds the CoW AMM pool address given tokens specified in query parameters (regardless of order) 
+with cow_amm_pool as (
+    select
+        created_at,
+        address
+    from query_3959044
+    where ((token_1_address = {{token_a}} and token_2_address = {{token_b}}) or (token_2_address = {{token_a}} and token_1_address = {{token_b}}))
+    order by 1 desc
+    limit 1
+)
+
+-- computes, surplus, tvl and thus relative surplus (per $100)
+select
+    block_date as "day",
+    SUM(usd_value) as volume,
+    SUM(surplus_usd) as absolute_invariant_growth,
+    AVG(tvl) as tvl,
+    SUM(surplus_usd / tvl) as pct_invariant_growth
+from cow_protocol_ethereum.trades as t
+inner join "query_4059700(token_a='{{token_a}}', token_b='{{token_b}}')" as tvl
+    on
+        t.tx_hash = tvl.tx_hash
+        and tvl.pool = trader
+        and trader = (select address from cow_amm_pool)
+group by 1

cowamm/profitability/invariant_growth/uni_v2_4060136.sql

@@ -0,0 +1,65 @@
+-- Computes the swap fee per $100 tvl for each day (aka its invariant growth) for a Uni v2 pool.
+-- Parameters
+--  {{token_a}} - either token of the desired uni pool
+--  {{token_b}} - other token of the desired uni pool
+--  {{start}} - date as of which the analysis should run
+
+-- Limit the date range
+with date_range as (
+    select t.day
+    from
+        unnest(sequence(
+            date(timestamp '{{start}}'),
+            date(now())
+        )) t (day) --noqa: AL01
+),
+
+-- Finds the uniswap v2 pool address given tokens specified in query parameters (regardless of order)
+pool as (
+    select
+        pool as contract_address,
+        token0,
+        token1
+    from uniswap_ethereum.pools
+    where
+        ((token0 = {{token_a}} and token1 = {{token_b}}) or (token1 = {{token_a}} and token0 = {{token_b}}))
+        and version = 'v2'
+    limit 1
+),
+
+-- gets the swapped volume and tvl at the time of the swap for each swap
+swaps as (
+    select
+        sync.evt_block_time,
+        sync.evt_tx_hash,
+        (amount0In * p0.price / pow(10, p0.decimals)) + (amount1In * p1.price / pow(10, p1.decimals)) as volume_in,
+        (amount0Out * p0.price / pow(10, p0.decimals)) + (amount1Out * p1.price / pow(10, p1.decimals)) as volume_out,
+        (reserve0 * p0.price / pow(10, p0.decimals)) + (reserve1 * p1.price / pow(10, p1.decimals)) as tvl
+    from uniswap_v2_ethereum.Pair_evt_Sync as sync
+    inner join uniswap_v2_ethereum.Pair_evt_Swap as swap
+        on
+            sync.evt_tx_hash = swap.evt_tx_hash
+            and sync.contract_address = swap.contract_address
+    inner join pool
+        on sync.contract_address = pool.contract_address
+    inner join prices.usd as p0
+        on
+            date_trunc('minute', sync.evt_block_time) = p0.minute
+            and p0.contract_address = token0
+    inner join prices.usd as p1
+        on
+            date_trunc('minute', sync.evt_block_time) = p1.minute
+            and p1.contract_address = token1
+    where sync.evt_block_time < date(timestamp '{{start}}')
+)
+
+select
+    day,
+    sum((volume_in + volume_out) / 2) as volume,
+    sum((volume_in + volume_out) / 2) * 0.003 as absolute_invariant_growth,
+    avg(tvl) as tvl,
+    sum((volume_in + volume_out) / 2 / tvl) * 0.003 as pct_invariant_growth
+from date_range as dr
+left join swaps
+    on dr.day = date(evt_block_time)
+group by 1