> For the complete documentation index, see [llms.txt](https://pool-party-xyz.gitbook.io/pool-party-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pool-party-xyz.gitbook.io/pool-party-docs/pool-party-v2-docs/core-concepts/pool-accounting-shares-nav-pricing.md).

# Pool Accounting (shares, NAV, pricing)

This page explains how your stake in a pool is measured: what shares are, how their value is calculated, and how multi-asset holdings are priced.

#### **Shares**

Your stake in a pool is measured in shares, an internal accounting unit of the pool's contract. Shares are not a transferable token. They are recorded on-chain and accessed only from your wallet. When you deposit, the contract records a number of shares to your wallet based on how much you add relative to the pool's total value at that moment.

#### **NAV (the value of the holdings)**

NAV (net asset value) is the total value of a pool's holdings. The value of each share is the NAV divided by the total number of shares outstanding. As the value of the pool's holdings changes, the value of each share changes with it, up or down.

#### **Deposits and withdrawals**

A deposit records new shares to your wallet at the current share value. A withdrawal redeems your shares for the matching value of your slice of the holdings, according to the pool's terms.

#### **Multi-asset pricing**

When a pool holds different kinds of assets, each position is valued to compute the NAV. How it is priced depends on the asset type and the price sources the protocol uses. (See Pricing & oracles, in the Developers section.)

{% hint style="info" %}
If a pool is worth 10,000 USDC and has 10,000 shares outstanding, each share is worth 1 USDC. Deposit 1,000 USDC and the contract records 1,000 shares to your wallet. From there, the value of those shares tracks the pool's performance, up or down.
{% endhint %}


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