import type { Address } from 'viem';
import type * as Campaigns from './Campaigns.js';
/** Validates and quantizes a one-day Morpho observation, rejecting rates outside campaign bounds. */
export declare function parseMorpho(options: parseMorpho.Options): number;
export declare namespace parseMorpho {
    /** Morpho response and inclusive campaign rate bounds. */
    type Options = {
        /** Maximum accepted annual rate in basis points. */
        maxBps: number;
        /** Minimum accepted annual rate in basis points. */
        minBps: number;
        /** GraphQL response containing the requested one-day net APY. */
        response: unknown;
    };
}
/** Resolves one campaign target rate, falling back to the last consumed observation. */
export declare function target(options: target.Options): Promise<target.Result>;
export declare namespace target {
    /** Target-rate source and deterministic fallback. */
    type Options = {
        /** Accounting boundary that consumes the observation. */
        boundary: string;
        /** Last valid observation consumed by a completed run. */
        fallback?: Result | undefined;
        /** HTTP implementation. */
        fetch: typeof globalThis.fetch;
        /** Current wall clock used to timestamp and validate observations. */
        now: () => Date;
        /** Fixed or Base Morpho target source. */
        source: NonNullable<Campaigns.Config['targetYield']>['annualRate'];
    };
    /** Quantized simple annual target rate. */
    type Result = {
        /** Selected annual rate in basis points. */
        annualRateBps: number;
        /** Observation instant. */
        observedAt: string;
        /** Whether a prior valid observation was reused. */
        stale?: boolean | undefined;
    };
}
/** Base Morpho vault used by one target source. */
export type MorphoVault = Address;
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