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Exchange Rate
Each sToken is convertible into an ever increasing quantity of the underlying asset, as interest accrues in the market. The exchange rate between a sToken and the underlying asset is equal to:
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exchangeRate = (getCash() + totalBorrows() - totalReserves()) / totalSupply()
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SErc20 / SEther
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function exchangeRateCurrent() returns (uint)
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    RETURN: The current exchange rate as an unsigned integer, scaled by 1e18.
Solidity
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SErc20 sToken = SToken(0x3FDA...);
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uint exchangeRateMantissa = sToken.exchangeRateCurrent();
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Web3 1.0
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const sToken = SEther.at(0x3FDB...);
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const exchangeRate = (await sToken.methods.exchangeRateCurrent().call()) / 1e18;
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Tip: note the use of call vs. send to invoke the function from off-chain without incurring gas costs.
Last modified 8mo ago
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