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GRVT

# GRVT Bridge deposits Methodology

## 1. Overview

Bridge deposits for GRVT measures the total value of USDT held in GRVT's L1NativeTokenVault contract on Ethereum, representing user deposits bridged to the GRVT protocol. This metric answers the question "How much value has been deposited into GRVT's bridge system?" by tracking the vault's USDT balance and converting it to USD for standardized reporting.

The calculation uses GRVT's internal balance tracking system to monitor their vault contract, then applies standard Token Terminal conversions and validations to produce a daily USD-denominated metric.

## 2. Data sources

- **GRVT chain balance states**: Internal balance tracking data from GRVT's system that monitors their L1NativeTokenVault contract balances
- **End-of-day token price feeds**: USDT to USD conversion rates for accurate value calculation
- **Token metadata**: USDT contract information including decimal precision (6 decimals) and token address (`0xdac17f958d2ee523a2206206994597c13d831ec7`)
- **Chain availability data**: Ethereum network availability information used for data quality filtering

## 3. Step-by-step calculation

### Component A: Balance extraction
- **Purpose**: Extract current USDT balance from GRVT's L1NativeTokenVault contract
- **Logic**: Query GRVT's internal balance tracking system for their vault contract balance data. Extract the balance value from JSON format and convert to numeric format. Assign daily timestamp grain and identify the data as coming from Ethereum chain with the specific USDT token address
- **Key fields**: `balance` (raw USDT amount), `timestamp` (daily), `token_address` (USDT contract address), `chain` (Ethereum)

### Component B: USD conversion and decimal correction
- **Purpose**: Convert raw USDT balance to standardized USD value
- **Logic**: Apply end-of-day USDT to USD price conversion to the raw balance amount. Correct for USDT's 6-decimal precision to ensure accurate value representation. This handles both currency conversion and proper decimal scaling in a single transformation
- **Key fields**: `bridge_deposits` (USD-converted balance amount)

### Final aggregation
- **Combining components**: The USD-converted balance represents the final bridge deposit value without additional aggregation since it's already a single vault balance
- **Currency conversion**: USDT amounts converted to USD using end-of-day exchange rates with proper 6-decimal adjustment
- **Time aggregation**: Daily snapshots of vault balance with forward-fill strategy to handle any missing data points
- **Final calculation**: The final metric value equals the USD value of USDT held in GRVT's L1NativeTokenVault contract on any given day, representing total bridge deposits into the GRVT protocol

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

Value of assets held in a project's bridge contracts.

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Bridge deposits

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