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September 02, 2023, 08:17:51 AM Last edit: September 02, 2023, 10:43:52 AM by Bitcoiner2023 |
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Good day, I don’t understand one thing about dydx.
Everything is shown in USD on dydx. But is it real USD or is that USDC that have been converted to USD
I need this information urgently as I have to do my tax return soon. I just don’t know if I can use the USD values on dydx directly to calculate, or if I have to see the USD as USDC first and then have to change it to real USD
So: What happens if the USDC falls from 1$ to 0.5$ ?
Example 1: ( dydx shows me USD / 1 USD = 2 USDC ) Portfolio Value = 1.000$ so this will be 2.000USDC Position Size = 3.000$ so this will be 6.000USDC Fee = 100$ so this will be 200USDC Unrealized P&L = 6.000$ so this will be 12.000USDC Realized P&L = 150$ so this will be 300USDC
Example 2: ( dydx shows me USDC as USD value / 1 USD = 1 USDC = 0,5 USD ) Portfolio Value = 1.000$ so this will be 1.000USDC ( 500$ ) Position Size = 3.000$ so this will be 3.000USDC ( 1.500$ ) Fee = 100$ so this will be 100USDC ( 50$ ) Unrealized P&L = 6.000$ so this will be 6.000USDC ( 3.000$ ) Realized P&L = 150$ so this will be 150USDC ( 75$ )
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