Aragon develops smart contract frameworks and other products which is funded by Aragon treasury.

Aragon develops and manages smart contract frameworks for creating and managing decentralized organizations. Aragon was founded by Luis Cuende and Jorge Izquierdo and launched in 2016.



ANT tokenholders own and govern the protocol. Aragon does not currently charge fees for providing the smart contract frameworks. Aragon's investors include Tim Draper, Boost VC, CoinFund, etc.

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Aragon

# Aragon Token incentives Methodology

## 1. Overview

This metric measures the total value of token incentives distributed to users by the Aragon protocol on a daily basis. Token incentives represent rewards paid to users for participating in various Aragon ecosystem activities, such as liquidity provision and staking programs. The metric captures the USD value of all reward distributions from Aragon's reward contracts, providing insight into the protocol's token distribution strategy and user incentivization efforts.

## 2. Data sources

- **Blockchain events**: Parsed Ethereum `RewardPaid` events from three Aragon reward distribution contracts (AntBptRewards, AntUniRewards, and Unipool)
- **Token metadata**: ANT token contract addresses and specifications for both v1 and v2 versions
- **External data**: End-of-day token price feeds for USD conversion
- **Protocol data**: Historical information about ANT v2 token launch date (October 15, 2020)

## 3. Step-by-step calculation

### Component A: Raw reward event extraction
- **Purpose**: Collect all token reward distribution events from Aragon's reward contracts
- **Logic**: Extract `RewardPaid` events from three distinct Aragon reward contracts on Ethereum: AntBptRewards, AntUniRewards, and Unipool. Filter out any removed or invalid log entries to ensure data quality. Each event contains the reward amount distributed to a specific user at a particular block timestamp.
- **Key fields**: `block_timestamp` for timing, `reward` amount for the token quantity distributed, `transaction_hash` and `log_index` for event identification

### Component B: Token address assignment
- **Purpose**: Determine the correct ANT token contract address based on the timing of the reward distribution
- **Logic**: Apply conditional logic to assign the appropriate token address based on the reward distribution date. For rewards distributed after October 15, 2020, use the ANT v2 token address. For earlier rewards, use the ANT v1 token address. This accounts for Aragon's token migration from v1 to v2.
- **Key fields**: `token_address` field populated with either ANT v1 address for pre-migration rewards or ANT v2 address for post-migration rewards

### Component C: Business categorization
- **Purpose**: Apply standardized business taxonomy to the reward data
- **Logic**: Classify all Aragon reward distributions under the "Other" business line, "infrastructure" market sector, and "other" business segment. Set version information based on the source contract schema and chain as "ethereum".
- **Key fields**: `business_line`, `market_sector_id`, `business_segment_id`, `version`, and `chain` for consistent categorization

### Final aggregation
- **Combining components**: Aggregate all reward events by truncating timestamps to daily boundaries, summing token amounts distributed each day
- **Currency conversion**: Convert native token amounts to USD using end-of-day price feeds, applying appropriate decimal corrections to ensure proper token unit representation
- **Time aggregation**: Group data by day using timestamp truncation, ensuring each day represents the total incentives distributed in that 24-hour period
- **Final calculation**: Sum all daily reward distributions in USD terms, with schema validation and gap-filling applied to create a continuous time series where missing days are filled with zero values

The final metric represents the total USD value of token incentives distributed by Aragon to users each day, providing visibility into the protocol's reward distribution patterns and user incentivization spending.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

AragonANT

Token incentives

Token incentives

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