> For the complete documentation index, see [llms.txt](https://docs.gage.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gage.cash/lend/valuation-panel.md).

# The valuation panel

Every listing opens on the same panel. It answers one question in several ways: what will I hold, and what will it be worth, if the borrower walks away?

## Scenarios

| Scenario                 | Stocks and ETH                                             | Positions                                 | Memes                                                    |
| ------------------------ | ---------------------------------------------------------- | ----------------------------------------- | -------------------------------------------------------- |
| Now                      | value at the current pool price                            | value of both sides plus uncollected fees | value through the stock pool, then the stock's USDG pool |
| At cap                   | the price at which the collateral is worth exactly the cap | same                                      | same                                                     |
| −20%                     |                                                            |                                           |                                                          |
| −50%                     |                                                            |                                           |                                                          |
| −80%                     |                                                            |                                           | ✓                                                        |
| Range top · all USDG     |                                                            | ✓                                         |                                                          |
| Range bottom · all stock |                                                            | ✓                                         |                                                          |

Each row shows the collateral's value in USDG and how it compares with the cap. A value under the cap is the region where the borrower is likely to walk away.

## Where the value comes from

The panel names the pool it read: `Valued from Uniswap NVDA/USDG`. Stock Tokens are valued from the deepest USDG pool on Robinhood Chain. Memes go through their stock pool and then that stock's USDG pool. Positions are valued from liquidity, range and the pool's current price. Nothing here is read by the contracts; it is what the app shows so you can decide.

## Your return

`YOUR RETURN 9.12 USDG · 0.50% for 7 days`. This is the fixed cost the borrower named, paid to you if they reclaim. It is shown as an amount and a percent for the term, always.

## If the borrower walks

`You hold 12.5 NVDA · 145.92 each · −20.0%`. The amount, the effective price you bought at (the asking price divided by the amount), and the discount to the price now.

## Rewards this week

Two lines, never merged: the fixed cost in USDG, and the sGAGE estimate at the current pool price with its drip over the term. The estimate depends on this week's rate and budget. When the budget is gone the line reads `0 sGAGE this week · rewards resume Mon 14 Sep`.

## Token facts, meme lane

Market cap, liquidity locked and until when, pool age, top ten holders' share, creator wallet share, 30-day drawdown, and the results of the automated contract checks. The app shows the facts and never editorialises. See [Lending on the meme lane](/lend/memes.md).


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