Share has a Price
Price means “How much PHA is worth for each Share”, A ‘unit price’ refers to the total value of your share of PHA in a pool. Price = Total Value / Total Share- Total Value: How many PHAs (delegation) are there in the pool:
- Total Share: How many Shares are there in the pool:
How Share Changes
Only two factors can affect shares, delegations and withdrawals. The change of Share will only happen when the user delegates or withdraws from the pool, and when different delegators delegate to the pool respectively, it will change the proportion of delegations owned by delegators in the pool by continuously issuing shares. When the delegators want to withdraw the delegation, it will withdraw the corresponding PHA from the pool to the delegators through the real-time share price. Despite one exception, Vault shares will be issued when Vault owners receive their rewards, at which point the shares will also increase. Learn more about Vault Here is an example:| Action | Delegation in Vault | Total Share | Share price | remarks |
|---|---|---|---|---|
| Tom Create the Vault #001 | 0 | 0 | 1 | The initial price is 1 |
| Bob delegates 10000 $PHA in #001 | 10000 | 10000 | 1 | Bob has 1000 Shares |
| #001 earned 50 $PHA rewards | 10050 | 10000 | 1.005 | Bob still has 1000 Shares |
| Jack delegates 3000 $PHA in #001 | 13050 | 12985.07 | 1.005 | Jack has 2,985.07 shares because the price is 1.005 |
| Tom execute the commission(5%) | 13050 | 12988.3 | 1.00475 | Tom got 3.23 Shares as the Vault owner reward |