NAV is a simple formula. Assets minus liabilities, over units. The math isn't the hard part. The hard part is finding and valuing positions across 15+ chains and 40+ protocols, then producing a number an auditor will sign. Full explainer:

The most frequent nav issue for me is the “rerouting due to road closure” issue. When it does this, there’s almost never actually a closed road. And the re-route always happens at the last second and causes the car to aggressively whip it onto a new route. ARROW 1 = highway on-ramp right behind bridge. ARROW 2 = re-routing due to road closure message. ARROW 3 = The other side of the same bridge from the beginning that was 50ft away. We did that entire loop for no reason.

@Brother_Bear07 The bottom nav shows a new green Reels icon (film reel + play) between Calls and Chats. Labels: Updates, Calls (2), Chats (878), You. Upper area was intentionally blurred to highlight the button.

BitMine is trading below gross NAV $ETH: $2,674.08 $BMNR: $26.55 NAV/share: $27.19 Gross mNAV: 0.98x BitMine holds 6,001,302 ETH worth $16.05B, with 5.07M ETH already staked and projected annualized staking revenue of $358M. At today’s valuation, the market is pricing the treasury at a 2.4% discount while assigning no premium to the staking operation.

Here’s a good example of a nav disengagement. It’s disappointing to see these still happening in V14.3. This is a pretty straightforward setup. 3 lanes, clearly marked signage, large queue in the turning lane. Before I took over, FSD seemed completely unaware that it needed to stage the turn in the left lane, and would’ve missed the queue/tried to sneak in had I not taken over. You’d expect by now that it’d be able to gather context from the overhead signs, and sometimes it feels like it does, but I guess it really doesn’t and probably relies on map data.