> For the complete documentation index, see [llms.txt](https://docs.bracket.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bracket.fi/product/brkteth/determining-price.md). # Determining Price ### How is brktETH's value/price determined? The price of brktETH relative to ETH is based solely on the aggregate value of its treasury's assets. The amount of assets will be available on-chain and be transparent for anyone to query. The value of the underlying assets will be determined by calling the collateral protocol's contracts to provide conversion price of their LST to ETH, and not market price.\ \ The price of brktETH relative to ETH will be calculated as the ETH equivalent value of all the underlying collateral divided by the amount of brktETH allocated by the smart contract. This price will be dynamically calculated on the Ethereum network via an on-chain smart contract function. **BrktETH Block Reward Rate Estimation** brktETH has an estimated APY rate shown on the application. Soon after launch, this APY will be calculated based on a weekly period, 00:00 UTC to 00:00 UTC. Below is an **example** calculation of brktETH value based on weekly brktETH/ETH conversion rates\ \ TODAY: brktEthConvTODAY 00 UTC = 1.001862141078718353 LAST WEEK: brktETHConvONEWEEKago 00 UTC = 1.001321264743294901 **Calculation estimation** estBlockRewards = 100 \* (( 1 + (brktEthConvTODAY - brktETHConvONEWEEKago))^52 - 1) = **2.851698933%**\ \ **--** --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.bracket.fi/product/brkteth/determining-price.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.