Coin98 Finance

What is inverse rate

The exchange rate is also known as the token exchange rate or rate. This is the exchange rate between two currencies/tokens. This is the conversion of the price of one token into another token. Or more specifically, the amount of token needed to buy 1 unit of another token.
The inverse rate is the opposite ratio of the exchange rate.
For example,
  • Rate [a]: 1 ETH = 205.452 UNI
  • Inverse rate [b]: 1 UNI = 0.0049 ETH