/biz/ - Business & Finance

PIPT is the Power Index Pool Token. Basically the token representing an exchange traded DeFi index.

I calculated the TVL based on this: https://etherscan.io/address/0xb2b9335791346e94245dcd316a9c9ed486e6dd7f

Which is $617, 019.13.

Divided by the total PIPT supply here: https://app.powerpool.finance/#/mainnet/pools/shared/

Which is 549, 587.64 PIPT.

Giving a total of ~$1.1228.

PIPT trades on Uniswap for $1.24 according to CoinGecko: https://www.coingecko.com/en/coins/power-index-pool-token

That's 617019.13/549587.64 = 1.12.

That means for every $1.12 I spend minting a PIPT token, I'll make 12 cents profit or roughly 10%.

Volume is only 37k but it's enough to make a few hundred fairly easily. Can someone check my maths here? Is that correct? Am I missing something obvious?