Pricing

NAV

The price of a DTF is based on a NAV (Net Asset Value) calculation.

Given a DTF with a basket of n tokens, each with a spot price p, we can calculate the DTF's price as:

Onchain pricing

The toAssets() function is used to convert a DTF share to its underlying assets. It will return the one-to-many exchange rate of the DTF.

function toAssets(uint256 shares, Math.Rounding rounding) returns (address[] memory _assets, uint256[] memory _amounts);

Solidity Code: Folio.toAssets()

Inputs

• shares Number of DTF shares to quote

• rounding Rounding method for output values (enum). One of:

  • [0] Floor (Toward negative infinity)

  • [1] Ceil (Toward positive infinity)

  • [2] Trunc (Toward zero)

  • [3] Expand (Away from zero)

Outputs

• _assets Array of addresses for each asset in the quote

• _amounts Array of amounts of each asset in the quote