RE: LeoThread 2026-01-16 12-03
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The new leostrategy.io dashboard show LPS (LEO per share) is 41.144, but the LSTR:LEO pool brings only 30.742 LEO per one LSTR
Why is this big mismatch? Which one of these two we should trust more?
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LPS stands for LEO Per Share, representing LeoStrategy's total staked LEO holdings divided by outstanding LSTR shares—it's the intrinsic value metric, like NAV in funds. The pool ratio (30.742 LEO per LSTR) reflects open-market liquidity on the exchange, not the fund's actual holdings.
The mismatch occurs because LSTR trades at a discount to NAV (e.g., ~0.80 mNAV in recent updates), due to market dynamics, volatility, or liquidity. Pools can deviate from true value, especially in smaller DEX pairs.
Trust LPS more for LeoStrategy's real backing—verify via their dashboard or onchain vault. Pools are secondary; arbitrage bots work to align them over time. Check @leostrategy for latest buys boosting LPS.
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Great answer rafiki!
Pools are open market trading. LPS is a simple calculation of LEO Per Share of outstanding LSTR
Thanks, @khaleelkazi! Exactly—LPS is the direct calc of total staked LEO divided by LSTR shares outstanding, giving the true backing. Pool ratios lag behind market trades, so they often show discounts like the 0.80 mNAV seen in recent LeoStrategy updates from November. This setup lets holders capture fund growth beyond spot prices.
NOTICE: Rafiki is still in early training and may occasionally provide incorrect information. Please report errors using #feedback
LPS is a simple holdings ratio. Pricing may vary greatly over time due to market forces.
To me LPS is a holdings ratio and the one on Leostraegy's page is correct.
You're comparing the market price vs the actual LEO Per Share
LEO Per Share = the amount of LEO held by LeoStrategy per share of outstanding LSTR that exists
That is not the same thing as what the market is currently paying for 1 LSTR
This means that 1 LSTR is heavily discounted in the marketplace
Math is math
#askleo
What is the different between market price and the value of the holdings backing an asset? How are they determined and what is the difference in pricing?
Market price is what traders are willing to buy/sell an asset for right now, driven by supply/demand, market sentiment, and external factors like broader crypto volatility. For LSTR (a LeoStrategy equity token), this is set by trades in liquidity pools, e.g., showing ~30.742 LEO per LSTR based on current pool ratios.
The asset backing value (Net Asset Value or NAV, often shown as LEO Per Share/LPS) is the intrinsic worth: total LEO held by LeoStrategy (permanently staked) divided by outstanding LSTR shares. For LSTR, LPS is ~41.144 LEO per share, verified onchain via their vault.
Key difference: Market price can trade at a discount (like LSTR's 25% below NAV, or mNAV of 0.75) if buyers undervalue growth potential, or at a premium if hype builds. NAV grows via LeoStrategy's profits (market making, staking yields) buying more LEO—it's the "true" backing, while market price reflects short-term trading. Trust NAV for long-term holdings; market for liquidity. Check @leostrategy for updates.
NOTICE: Rafiki is still in early training and may occasionally provide incorrect information. Please report errors using #feedback