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Coinshift

# Coinshift Token incentives Methodology

## 1. Overview

Token incentives represent rewards or incentives paid out to users in native tokens by the Coinshift protocol. This metric tracks the USD value of token incentives distributed to users on a daily basis. For Coinshift, this metric is explicitly set to zero, indicating that the protocol does not currently distribute token-based incentives to users. The metric maintains the same dimensional structure as other Coinshift metrics for consistency and completeness.

## 2. Data sources

The token incentives metric uses the same underlying infrastructure as the fees metric to maintain dimensional consistency:
- **External state data**: Coinshift idle asset balance data from external systems
- **Blockchain events**: Parsed Ethereum `Deposit` and `Withdraw` events from wUSDL contracts  
- **Token metadata**: Static vault configuration data including vault addresses, underlying tokens, and fee rates
- **External data**: End-of-day token price feeds for USD conversion (though not actively used since values are zero)

## 3. Step-by-step calculation

### Component A: Dimensional framework extraction
- **Purpose**: Extract the proper timestamp, product, and chain structure from the fees metric
- **Logic**: Reference the fees metric calculation to obtain the complete set of timestamps, `product_id` values, `chain_id` values, and `timestamp_grain` that should be covered by the token incentives metric. This ensures that the token incentives metric has the same dimensional coverage as other Coinshift metrics
- **Key fields**: `timestamp`, `timestamp_grain`, `product_id`, `chain_id` from the fees calculation pipeline

### Component B: Zero value assignment  
- **Purpose**: Set token incentives to zero for all dimensional combinations
- **Logic**: For each combination of timestamp, timestamp grain, product ID, and chain ID extracted from the fees framework, assign a `token_incentives` value of 0. This explicitly indicates that Coinshift does not currently distribute token-based rewards or incentives to users
- **Key fields**: `token_incentives` field set to constant value of 0

### Final aggregation
- **Combining components**: No aggregation needed as values are already at the final granularity with zero amounts
- **Currency conversion**: Not applicable since all values are zero, though the framework supports USD conversion
- **Time aggregation**: Daily boundaries maintained from the underlying fees metric structure  
- **Final calculation**: The final metric value is simply 0 for all time periods, products, and chains, indicating no token incentives are currently distributed by the Coinshift protocol

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

Value of native tokens distributed as incentives.

Coinshift

Token incentives

Token incentives

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