@Whitershade
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I have a question for the #smartbch experts: how can I know the current value of my LP tokens that are farming in the dexes? Thanks in advance!
@Whitershade
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6 comments
Marketcap.cash is your answer
Thank you, but also for LP tokens? How can I calcolate their value?
It’s an undirected calculation: you have to know how your LP token is composed and how many LP tokens you have, according to composition and number you multiply per tokens and / or coins value
Thank you, it seems not easy. When invested in farming, I only know the number of token and not the composition, do you have any solution for this?
The composition has always to be 50-50 and number of tokens coins are a user choice. For example you have a farm of Token1/Coin1. The value expressed in $ of Token1 amount=value amount Coin1. If token1 price is 1$ and coin1 price is 2$, if choose to farm 2 token1 you will farm 1 coin1. The total value of farmed cryptos will be 4$. This could correspond to 1 lp token or to 0.5,0.3,0.1 LP token, it’s not fixed. So the only way to know the value of LP tokens is to record what you farmed
Thanks for the great explanation. So you mean that looking at the daily farmed amount and knowing the APR% you can retrieve the LP value, is it right?