Liquidity providers deposit funds into Buffer Finance and receive trading fees from binary options traders (supply-side fees).

Buffer Finance is a non-custodial binary options exchange built on Arbitrum and Polygon. Buffer Finance was founded by an anonymous team and launched in 2021.

BFR token holders own and govern the protocol. They currently take a cut of the total trading fees paid by binary options traders (revenue).

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Buffer Finance

# Buffer Finance Treasury (net) Methodology

## 1. Overview

Buffer Finance treasury net measures the total USD value of tokens held in Buffer Finance's treasury wallet. This metric tracks the protocol's treasury assets by monitoring token balances across all holdings and converting them to USD using daily price feeds. The calculation focuses on a specific treasury address on Arbitrum and excludes certain tokens to provide an accurate view of the protocol's liquid treasury assets.

## 2. Data sources

- **Arbitrum token transfer events**: Parsed `Transfer` events and other token-related blockchain events from Arbitrum that affect the specified treasury address
- **Account balance changes**: Balance change events from token contracts that track increases and decreases in token holdings
- **End-of-day token price feeds**: Daily price data in USD for all tokens held in the treasury
- **Token metadata**: Token symbol information and contract details for proper identification

## 3. Step-by-step calculation

### Component A: Token balance tracking
- **Purpose**: Track balance changes for Buffer Finance's treasury address across all tokens
- **Logic**: Monitors the treasury address `0x691fa1d4dc25f39a22dc45ca98080cf21ca7ec64` on Arbitrum for all token balance changes. The system processes blockchain events that increase or decrease token balances, including transfers in, transfers out, and other balance-affecting events. A specific token with address `0x1a5b0aaf478bf1fda7b934c76e7692d722982a6d` is excluded from the treasury calculation
- **Key fields**: `account_address` for the treasury wallet, `token_address` for each held token, `balance` representing the change in token amount, `timestamp` for when the change occurred

### Component B: Cumulative balance calculation
- **Purpose**: Calculate running totals of token balances over time for each token held
- **Logic**: For each combination of treasury address and token, calculate cumulative balances by summing all balance changes chronologically. This creates a time series showing the total amount of each token held at any point in time
- **Key fields**: `balance` becomes the cumulative total for each token, partitioned by `timestamp_grain`, `chain_id`, `account_address`, and `token_address`

### Component C: Data continuity and forward-filling
- **Purpose**: Ensure continuous time series data by filling gaps where no balance changes occurred
- **Logic**: Apply forward-filling logic to carry the last known balance forward for periods where no transactions affected specific token holdings. This ensures every day has a balance value for each token, even when no changes occurred
- **Key fields**: All dimension fields are preserved while `balance` values are forward-filled across time gaps

### Component D: USD conversion
- **Purpose**: Convert all token balances to USD values using daily price feeds
- **Logic**: Join the filled balance data with end-of-day price feeds, matching on timestamp, chain, and token address. Multiply each token balance by its corresponding USD price to get the dollar value. Only positive balances are included, and only daily price granularity is used
- **Key fields**: `balance` multiplied by `price_usd` to create `amount` in USD terms

### Final aggregation
- **Combining components**: All USD-converted token balances are aggregated by summing the `amount` values across all tokens for each day
- **Currency conversion**: Token balances are converted to USD using end-of-day price feeds matched by timestamp, chain, and token address
- **Time aggregation**: Data is aggregated to daily boundaries using the `timestamp_grain` field set to 'day'
- **Final calculation**: The treasury net value is the sum of all USD-converted token balances held in the treasury address, excluding the specified token filter, representing the total liquid value of Buffer Finance's treasury assets

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

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

Buffer FinanceBFR

Treasury (net)

Treasury (net)

Competitive landscape

Chain breakdown