Houdini Swap routes users transactions privately through Monero between non-custodial exchanges. Due to the protocols focus on preserving privacy, Token Terminal is unable to calculate the total fees paid by the user, trading volume and active users.

Houdini Swap is a non-custodial DEX aggregator which enables private transactions. Houdini Swap was launched in 2022.

Houdini Swap team & POOF tokenholders govern the protocol. Houdini Swap currently earns a fee from the partner exchanges. In addition, Houdini Swap currently charge a trading tax on the POOF token. Houdini Swap's investors include DreamLabs & Theia Blockchain.

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Houdini Swap

# Houdini Swap Treasury (net) Methodology

## 1. Overview

Treasury net measures the total USD value of all tokens held across HoudiniSwap's treasury addresses on Ethereum. This metric tracks the protocol's treasury holdings by monitoring token balance changes across 11 specific treasury addresses, converting all token balances to USD values, and aggregating them into a single net treasury value. The calculation provides insight into the protocol's financial position and asset accumulation over time.

## 2. Data sources

- **Ethereum ERC-20 token events**: Parsed `Transfer` events and transaction traces from Ethereum that affect the tracked treasury addresses
- **Token balance data**: Comprehensive token movement tracking including inflows and outflows for each treasury address
- **End-of-day price feeds**: Daily USD price data for all tokens held in treasury addresses
- **Token metadata**: Token symbols, decimal places, and contract information for proper balance calculations

## 3. Step-by-step calculation

### Component A: Treasury balance changes tracking
- **Purpose**: Identifies and tracks all token balance changes across HoudiniSwap's treasury addresses
- **Logic**: Processes Ethereum blockchain data to monitor token movements for 11 specific treasury addresses: `0x72453ca299e210fec55e825509da19a2e0bb4f0e`, `0xc36d36dd4a45f8817a49d3751557fec9871f0e32`, `0x9a279223bc5ca20750fc5394f519251f6d53943c`, `0x771d381d9bc4ec41363b79f873853de748e5e54a`, `0xd3d0b51468b7ea64732ba5b01347bb7dddad18db`, `0xd30402fedc15c99cb741055c77608286b91220a3`, `0xa15f7675a3e6ba6dec6597ec99ad98a6faccfa5c`, `0x468753b683679999c53638b641327840c22d8b75`, `0x6e136ec3a68146f8ceec0a7b12110b4d0cfc3a11`, `0x2ff04be8a303972940dc03baa7496dbc85637df8`, and `0xc9882d0de1159cb9093830b3752dc06aaa7a612c`. Excludes two specific tokens: `0x888cea2bbdd5d47a4032cf63668d7525c74af57a` and `0x922d8563631b03c2c4cf817f4d18f6883aba0109`
- **Key fields**: `timestamp`, `account_address`, `token_address`, `balance` changes, `token_symbol`

### Component B: Cumulative balance calculation
- **Purpose**: Converts balance changes into running cumulative balances for each token at each treasury address
- **Logic**: Applies window function to sum balance changes over time, partitioned by timestamp grain, chain, account address, and token address. Orders by timestamp to create proper cumulative balance progression. Forward-fills missing data points to ensure continuous time series coverage for all token-address combinations
- **Key fields**: Cumulative `balance` amounts, `timestamp_grain` for aggregation periods

### Component C: USD conversion
- **Purpose**: Converts all token balances from native token amounts to USD values
- **Logic**: Joins cumulative token balances with end-of-day price feeds, matching on timestamp, chain, and token address. Multiplies token `balance` amounts by corresponding USD `price` values. Filters to include only positive balances and daily price data
- **Key fields**: `amount` in USD, derived from `balance` multiplied by `price_usd`

### Final aggregation
- **Combining components**: Sums USD-converted token balances across all treasury addresses and tokens to calculate total treasury net value
- **Currency conversion**: Uses end-of-day price feeds with inner join to ensure price availability for all included tokens
- **Time aggregation**: Maintains daily timestamp granularity with forward-fill strategy for missing data points
- **Final calculation**: Treasury net equals the total sum of all USD-converted token balances held across the 11 specified treasury addresses, excluding the 2 filtered tokens, with zero-fill applied for periods with no treasury holdings

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

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

Houdini SwapLOCK

Treasury (net)

Treasury (net)

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