# Constant Product rex33 rewards claimed Methodology

## 1. Overview

Rex33 rewards claimed measures the total USD value of rewards distributed to and claimed by participants within the Constant Product. These rewards are generated through voting incentives and rebase mechanisms associated with the protocol's governance and incentive structures. This metric is used to evaluate the total economic value distributed to supply-side participants and governance stakeholders.

## 2. Data sources

- **Blockchain events**: `Compounded` and `Rebased` events from `rex33` contracts on Linea
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Reward event extraction

- **Purpose**: Identify and capture all distribution events related to voting incentives and rebase actions
- **Logic**: Reward data is extracted by parsing `Compounded` and `Rebased` events emitted by `rex33` contracts. Only valid logs where the removal flag is false are included in the dataset. Duplicate entries are prevented by applying a distinct filter across block timestamps, transaction hashes, and log indices. The quantity of rewards is captured from the amount field within the event logs.
- **Key fields**: `amount` (reward quantity), `block_timestamp` (timing), `address` (contract identification)

### Component B: Normalization and USD conversion

- **Purpose**: Standardize raw reward quantities into a comparable USD value
- **Logic**: Raw reward quantities are normalized by the specific decimal precision of the asset. Daily reward totals are aggregated based on UTC day boundaries. These normalized quantities are multiplied by end-of-day price feeds to calculate the total USD value of rewards claimed. For days with no recorded activity, values are filled with zeros to ensure a continuous time series.

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

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rex33 rewards claimed

rex33 rewards claimed