Players wager against the house (liquidity provided by BetSwirl or their partners) in randomized games of chance, such as coin tosses or dice rolls.

Betswirl is a non-custodial betting platform built on Polygon, BNB Chain, and Avalanche. BetSwirl was co-founded by Romuald Hog and Nato, and was launched in March 2022.

The BetSwirl team own and govern the protocol. They and BETS holders currently receive all fees paid by players (revenue).

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# BetSwirl Treasury (net) Methodology

## 1. Overview

The Betswirl treasury net metric measures the total USD value of all tokens held across Betswirl's treasury addresses on multiple blockchains. This metric provides a comprehensive view of the protocol's liquid assets by tracking token balances across designated treasury wallets and converting them to USD using end-of-day price feeds. The calculation excludes specific protocol tokens to focus on liquid treasury assets rather than protocol-owned tokens.

## 2. Data sources

The calculation relies on the following raw data sources:
- **Blockchain token transfer events**: Parsed `Transfer` events from Arbitrum, Avalanche, BSC, Ethereum, and Polygon networks to track token movements into and out of treasury addresses
- **Transaction logs**: Blockchain transaction records that contain token transfer information and balance changes
- **End-of-day price feeds**: Daily USD price data for all tokens held in treasury addresses across all supported chains
- **Token metadata**: Token contract information including symbols and decimal precision for proper balance calculations

## 3. Step-by-step calculation

### Component A: Treasury balance tracking
- **Purpose**: Tracks token balance changes for all designated treasury addresses across multiple blockchains
- **Logic**: Processes raw blockchain token transfer events using the `calculate_token_balance_changes` macro to identify when tokens move into or out of specific treasury addresses. For each chain, monitors a predefined set of treasury addresses: Arbitrum monitors two addresses (`0xaf5782bc03cc71e1b3d84bcc3ee70c4b1bf863f4` and `0xf14c79a7fa22c1f97c779f573c9bf39b6b43381c`), Avalanche tracks two different addresses, and similarly for BSC, Ethereum, and Polygon networks. The process excludes specific token addresses on each chain that represent protocol tokens or unwanted assets rather than liquid treasury holdings.
- **Key fields**: `timestamp`, `chain_id`, `account_address`, `token_address`, `balance` changes, and `token_symbol`

### Component B: Cumulative balance calculation  
- **Purpose**: Converts balance changes into running cumulative balances over time
- **Logic**: Takes the balance change data and applies a cumulative sum using window functions partitioned by timestamp grain, chain, account address, and token address. This creates a running total of each token held by each treasury address, ordered chronologically to maintain accurate balance tracking over time.
- **Key fields**: Cumulative `balance` amounts partitioned by `timestamp_grain`, `chain_id`, `account_address`, and `token_address`

### Component C: Data continuity and filling
- **Purpose**: Ensures continuous time series data by filling forward missing balance data points
- **Logic**: Applies the `fill_forward` macro to address gaps in the data where no transactions occurred for specific tokens. This ensures that if a treasury holds tokens but has no transactions on certain days, the balance is carried forward from the last known value, maintaining data continuity for proper treasury valuation.
- **Key fields**: Forward-filled `balance` values maintaining the same dimensional structure

### Component D: USD conversion
- **Purpose**: Converts token balances to USD values for aggregation
- **Logic**: Joins the filled balance data with end-of-day price feeds matching on timestamp, chain, and token address. Uses `safe_multiply` function to convert token balances to USD amounts, filtering out zero or negative balances. Only includes price data with daily timestamp grain to ensure consistent valuation timing.
- **Key fields**: USD `amount` calculated from `balance` multiplied by `price_usd`

### Final aggregation
- **Combining components**: All USD-denominated token balances across all treasury addresses and chains are summed to create the total treasury net worth
- **Currency conversion**: USD conversion occurs at the token level using end-of-day prices before aggregation
- **Time aggregation**: Data is maintained at daily granularity with timestamp grain set to 'day'
- **Final calculation**: The metric represents the total USD value of all tokens held in designated treasury addresses across all supported blockchains, excluding specified protocol tokens, calculated as the sum of all individual token USD values

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

Total value of a project's treasury excluding its native token.

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