Price Per Share
Price per share (PPS) is the core metric that tracks vault performance and determines the value of your receipt tokens.
Calculation
Section titled “Calculation”PPS is calculated as:
PPS = NAV x 1,000,000 / Total SharesThe 1e6 denominator provides six decimal places of precision. A PPS of 1,050,000 corresponds to 1.050000, meaning each share is worth 1.05 units of the underlying LST.
Starting Value
Section titled “Starting Value”Every vault starts with a PPS of 1.000000 (represented as 1,000,000 on-chain). As the vault generates yield, PPS increases over time.
How PPS Is Used
Section titled “How PPS Is Used”Redemptions
Section titled “Redemptions”When you redeem receipt tokens, the underlying LST you receive is:
LST Amount = Shares x PPS / 1,000,000Performance Tracking
Section titled “Performance Tracking”The change in PPS over time reflects the vault’s net performance. You can view PPS history on each vault’s detail page at eigenyields.xyz/vaults.