RE: SPEW pool - first payouts sent - full update.

avatar

You are viewing a single comment's thread:

Hello Jk, thanks for this initiative, I have a question though.

When calculating the present starting value of asset invested in USD. For example 500leo

500*0.242=$121

But we have $96 up in the charts, sorry don't mind my pleb question, just a little clarification on that, thanks.

Posted Using LeoFinance Beta



0
0
0.000
2 comments
avatar

After 2 weeks in the pool, the amount of tokens we own now is different than the starting amount. Liquidity Pools are a very different beast to "staking" as we know it on HIVE. for example, originally, SPEW had a total of 24648 LEO and 11.11 ETH. We now have 20,329 LEO and 13.48 ETH. And the only transaction made since day 1 was today when I added another 591 LEO in from oakshieldholding.

To work it out, everything is converted to USD. Your initial contribution was $70 - 0.99% of the total. Perhaps the columns on the chart should be named differently.

The best way to think about it is all in USD - you put in $70. after 2 weeks it is now worth $96. Plus you got a $3.43 payout

Does that make more sense now?

Posted Using LeoFinance Beta

0
0
0.000