A v3 pool’s reserves are not tokens. I shipped an API reporting $2.84B of TVL in a pool holding $111M — the arithmetic, and which number answers which question.
I shipped a bug into a paid API and it took me a while to see it, because nothing
errored. Every response was a clean HTTP 200 with a confident number in it.
The number was wrong by 25x.
Here is the finding, the arithmetic, and how to check your own code in about
thirty seconds.
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