Belugas Protocol
  • Belugas Protocol Documentation
  • Getting Started
    • Networks
    • Protocol Math
      • bToken and Underlying Decimals
      • Interpreting Exchange Rates
      • Calculating Accrued Interest
      • Calculating the APY Using Rate Per Block
    • Gas Costs
  • BTokens
    • Mint
    • Redeem
    • Redeem Underlying
    • Borrow
    • Repay Borrow
    • Repay Borrow Behalf
    • Transfer
    • Liquidate Borrow
    • Key Events
    • Error Codes
    • Failure Info
    • Exchange Rate
    • Get Cash
    • Total Borrow
    • Borrow Balance
    • Borrow Rate
    • Total Supply
    • Underlying Balance
    • Supply Rate
    • Total Reserves
    • Reserve Factor
  • Comptroller
    • Enter Markets
    • Exit Market
    • Get Assets In
    • Collateral Factor
    • Get Account Liquidity
    • Close Factor
    • Liquidation Incentive
    • Key Events
    • Error Codes
    • Failure Info
    • BUL Distribution Speeds
    • Claim BUL
    • Market Metadata
  • Governance
    • Delegate
    • Delegate By Signature
    • Get Current Votes
    • Get Prior Votes
    • Key Events
    • Governor Bravo
    • Quorum Votes
    • Proposal Threshold
    • Proposal Max Operations
    • Voting Delay
    • Voting Period
    • Propose
    • Queue
    • Execute
    • Cancel
    • Get Actions
    • Get Receipt
    • State
    • Cast Vote
    • Cast Vote With Reason
    • Cast Vote By Signature
    • Timelock
    • Pause Guardian
  • LP Staking
    • LP Utility
    • LP Staking Options
    • Zapping LP
    • Maintaining Eligibility Status
  • API
    • BTokenService
      • GET: /btoken
    • MarketHistoryService
      • GET: /market_history/graph
    • ProposalService
      • GET: /proposals
      • GET: /proposals/:id
      • GET: /proposals/statistics
    • VoterService
      • GET: /voters/accounts
      • GET: /voters/accounts/:address
      • GET: /voters/history/:address
      • GET: /voters/:proposalId
    • GovernanceService
      • GET: /governance/belugas
      • GET: /governance/proposals
      • GET: /governance/proposal_vote_receipts
      • GET: /governance/accounts
    • Shared Data Types
  • Belugas.js
    • Belugas Constructor
    • API Methods
      • Account
      • bToken
      • Market History
      • Governance
    • bToken Methods
      • Supply
      • Redeem
      • Borrow
      • Repay Borrow
    • BUL Methods
      • To Checksum Address
      • Get BUL Balance
      • Get BUL Accrued
      • Claim BUL
      • Delegate
      • Delegate By Sig
      • Create Delegate Signature
    • Comptroller Methods
      • Enter Markets
      • Exit Market
    • Ethereum Methods
      • Read
      • Trx
      • Get Balance
    • Governance Methods
      • Cast Vote
      • Cast Vote By Sig
      • Create Vote Signature
    • Price Feed Methods
      • Get Price
    • Utility Methods
      • Get Address
      • Get ABI
      • Get Network Name With Chain ID
  • Security
    • Formal Verification
    • Bug Bounty Program
  • Terms of Service
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  1. BTokens

Exchange Rate

Each bToken is convertible into an ever increasing quantity of the underlying asset, as interest accrues in the market. The exchange rate between a bToken and the underlying asset is equal to:

exchangeRate = (getCash() + totalBorrows() - totalReserves()) / totalSupply()

BErc20 / CEther

function exchangeRateCurrent() returns (uint)
  • RETURN: The current exchange rate as an unsigned integer, scaled by 1e18.

Solidity

BErc20 bToken = BToken(0x3FDA...);
uint exchangeRateMantissa = bToken.exchangeRateCurrent();

Web3 1.0

const bToken = CEther.at(0x3FDB...);
const exchangeRate = (await bToken.methods.exchangeRateCurrent().call()) / 1e18;

Tip: note the use of call vs. send to invoke the function from off-chain without incurring gas costs.

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Last updated 1 year ago