Backtesting Appendix (DC)
Dual Currency
Last updated
Dual Currency
Last updated
The legend below indicates the historical incidence of conversion or no conversion during a 27 day period.
Dark green: No conversion occurs.
Light green: Conversion occurs but no impact to net P&L.
Light gray: Conversion occurs and the impact to net P&L (due to diluted upside) is less than median.
Dark gray: Conversion occurs and the impact to net P&L (due to diluted upside) is more than median.
The median P&L impact due to diluted upside is calculated and noted beside the red boxes above the probability bar chart. The median P&L gain can be found next to the green boxes above the bar chart.
stETH Dragon has a 59% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
stETH Elephant has a 66% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
stETH Whale has a 88% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
ETH Dragon has a 61% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
ETH Elephant has a 69% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
ETH Whale has a 92% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
USDC Dragon has a 82% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
USDC Elephant has a 95% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
USDT Dragon has a 82% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
USDT Elephant has a 95% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
WBTC Dragon has a 52% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
WBTC Elephant has a 64% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
DAI Elephant has a 82% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
DAI Elephant has a 95% probability of no conversion (backtesting data Jan 2023 - Jan 2024).
USDe Elephant has a 63% probability of no conversion (backtesting data Feb 2024 - April 2024).
USDe Elephant has a 100% probability of no conversion (backtesting data Feb 2024 - April 2024).
Pendle Ether.fi-YT Tiger with 26SEP24 maturity has a 100% probability of no conversion (backtesting data Feb 2024 - April 2024).
Pendle Ether.fi-YT Tiger with 26DEC24 maturity has a 88% probability of no conversion (backtesting data Feb 2024 - April 2024).
