- ETH Lending
Users can deposit ETH to get ibETH in hand!
💡Deposit ETH To Get ibETH
ibETH can be calculated by;
CASE 1 : (Total ETH Deposit Amount) > 0
CASE 2 : (Total ETH - Deposit Amount) ≤ 0
*Total Liquidity = Total ETH Deposited + Cumulative Borrow Interest
Total ibETH token is set based on the first user who deposits this asset. For example, if Bob is the first user who deposits 1 ETH, then the total ibETH token starts with 1 ibETH. If Alice then adds 0.5 ETH then the total liquidity will be 1.5 ETH, then Alice gets 0.33 ibETH (0.5 * 1 / 1.5).
💡Withdraw ibETH to get ETH
The number of withdrawal share that can be calculated from the following equation;
📎Total ETH Deposited (Total Supply)
Can be called 'Total Liquidity', the total amount of liquidity in each asset pool, calculated as
📎Total Debt Issued (Total Borrowing)
Can be called 'Total Borrow Shares', the total number of shares of Total Borrow for an asset, while Total Borrows are the sum of the total borrowed amount and accumulated borrow interest of an asset.
📎Current ibETH APR
Can be calculated from the following equation
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