# Bifrost Stable Swaps Tradeable assets Methodology

## 1. Overview

Tradeable assets measures the number of unique assets available for trading within Bifrost Stable Swaps. This metric reflects the breadth of token coverage provided by the protocol's stable swap pools. By tracking the variety of supported assets, the metric serves as an indicator of the protocol's liquidity diversity and its capacity to facilitate low-slippage trades between various pegged and liquid staking assets.

## 2. Data sources

- **Blockchain events**: Stable asset pool state data and asset configuration records from Bifrost Substrate
- **External data**: Asset metadata for canonical identification and deduplication

## 3. Step-by-step calculation

### Component A: Pool asset extraction

- **Purpose**: Identify all assets participating in the liquidity pools of Bifrost Stable Swaps
- **Logic**: Asset identifiers and indices are extracted from stable asset pool configuration data. Both primary and secondary assets (referenced as `asset_1` and `asset_2`) are parsed for every active pool identified by a unique `pool_id`. This process captures the raw token keys and indices used by the protocol to manage its stable swap pairings.
- **Key fields**: `pool_id`, `asset_1_index`, `asset_2_index`

### Component B: Asset mapping and normalization

- **Purpose**: Map protocol-specific indices to canonical asset identifiers
- **Logic**: The extracted asset indices are joined with a token mapping dimension. This mapping associates internal protocol keys (such as `Token2` or `vToken2`) and their respective indices with standardized asset identifiers. This step ensures that assets are consistently recognized across different pools and protocol versions.
- **Key fields**: `token`, `index`, `key`, `coingecko_id`

### Component C: Unique asset aggregation

- **Purpose**: Calculate the total count of distinct tradeable assets
- **Logic**: Unique canonical asset identifiers are aggregated and deduplicated across all stable swap pools. A distinct count of these identifiers is performed for each daily interval. The final value is forward-filled to ensure continuity in reporting, representing the total number of tradeable assets available on the platform at any given time.
- **Key fields**: `coingecko_id`, `timestamp`

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

Number of unique tokens tradeable on the exchange.

Tradeable assets

Exchanges (DEX)

Collators aggregate parachain transactions block candidates and producing state transition proofs for validators based on those blocks.

Bifrost is the Staking Yield Layer app-chain for stablecoins, RWAs, and DeFi, powered by the Polkadot Relay chain.

BNC holders own and govern the protocol. Bifrost’s investors include OKX Ventures, Long Hash Ventures, etc.

Bifrost Stable Swaps

Archived

Tradeable assets

Tradeable assets

Chain breakdown