diff --git a/packages/assets-controllers/src/AssetsContractController.ts b/packages/assets-controllers/src/AssetsContractController.ts
index ed2532c120d..082219a8cdf 100644
--- a/packages/assets-controllers/src/AssetsContractController.ts
+++ b/packages/assets-controllers/src/AssetsContractController.ts
@@ -750,22 +750,11 @@ export class AssetsContractController {
 
     try {
       const contract = new Contract(contractAddress, abi, provider);
-      const exchangeRateDenominator = BigNumber.from((1e18).toString());
-      const multiplier = exchangeRateDenominator;
       const userShares = await contract.getShares(address);
 
       // convert shares to assets only if address shares > 0 else return default balance
       if (!userShares.lte(0)) {
-        const exchangeRateNumerator = await contract.convertToAssets(
-          exchangeRateDenominator,
-        );
-        const exchangeRate = exchangeRateNumerator
-          .mul(multiplier)
-          .div(exchangeRateDenominator);
-
-        const userAssets = userShares.mul(exchangeRate).div(multiplier);
-
-        balance = userAssets;
+        balance = await contract.convertToAssets(userShares.toString());
       }
     } catch (error) {
       // if we get an error, log and return the default value