Impossible to tell since the ratio will change. It is more dependent upon the pace which $LEO gets added to the LSTR balance sheet.
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Impossible to tell since the ratio will change. It is more dependent upon the pace which $LEO gets added to the LSTR balance sheet.
so is it just multiply LPS by price of LEO ?
Yes that is a good way of doing it. That would get you the per unit value of LSTR and you can compare to the price to find the premium or discount.
Or you could do the market cap of LSTR by the total amount of LEO held by Leostrategy which would require the arb address of the sLEO that it moved over.