For the complete documentation index, see llms.txt. This page is also available as Markdown.

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.

Last updated