# CHECK/USDC Manual Live Aerodrome Status

Recorded UTC: 2026-06-09

Source: user-provided Aerodrome UI text snapshot for USDC/CHECK 0.25% Concentrated 500, Deposit #4839079.

No on-chain action was performed. No fees were claimed.

## Baseline

Recovered from local manual live reports:

- Entry file: `DEX_REPORTS/live_check_manual_25/ENTRY_20260509T100649Z.md`
- Position: Deposit #4839079
- Entry tx: `0x4081eda3c1acbbe3e9a14ca41feeb5012c658f36d1adb896f1dd2e1168626a0e`
- Initial deposit estimate used by prior reports: `24.85 USD`
- Entry amounts: `18.60 USDC + 160.153 CHECK`
- Entry CHECK price source: `DEX_REPORTS/live_check_manual_25/check_live_profit_curve_20260517_updated.csv`, first entry row at `2026-05-09T10:13:09+00:00`
- Entry CHECK price: `0.03909648040686586 USDC/CHECK`
- Prior report methodology: use Aerodrome principal value as LP value excluding fees, then add known Aerodrome trading fees only at the final UI snapshot.

## Latest Aerodrome Snapshot

User-provided text:

- Deposited value: `~25.96 USD`
- Range display: `18.49 / 82.87 CHECK`
- Staked: `0.0 USDC / 0.0 CHECK`
- Unstaked: `25.96 USDC / 0.0 CHECK`
- Trading fees: `0.08603 USDC / 1.6433 CHECK`

Interpretation:

- `18.49 / 82.87 CHECK` is treated as the LP range in `CHECK per USDC`, matching the original entry range (`18.494..82.879 CHECK per USDC`).
- `Unstaked 25.96 USDC / 0.0 CHECK` is treated as current underlying principal value excluding unclaimed fees.
- The snapshot does not show a direct current CHECK price. Because the position is entirely in USDC, the boundary-implied conservative CHECK price is `1 / 18.49 = 0.05408328826392645 USDC/CHECK`. Actual CHECK price may be higher if the position is further outside range.

## Result

Using initial value `24.85 USD` and boundary-implied CHECK fee price:

- Current value excluding fees: `25.960000 USD`
- Unclaimed fees:
  - `0.08603 USDC`
  - `1.6433 CHECK * 0.05408328826392645 = 0.088875 USD`
  - total fees: `0.174905 USD`
- Total value including fees: `26.134905 USD`
- Total PnL including fees: `+1.284905 USD`
- Total return including fees: `+5.170644%`
- Fee PnL: `+0.174905 USD`
- Fee return on initial: `+0.703843%`
- Non-fee / price-inventory PnL: `+1.110000 USD`
- Non-fee / price-inventory return: `+4.466801%`
- CHECK price return from entry to boundary-implied current: `+38.332882%`

## Ambiguity

The largest ambiguity is the current CHECK price. Aerodrome UI text gives the range and shows the position as all USDC, but does not provide the exact live pool price. This report values CHECK-denominated fees at the lower range boundary price (`1 / 18.49 USDC/CHECK`) as a conservative estimate. If current CHECK price is above that boundary, fee value, total PnL, and CHECK price return are understated.