Liquidity providers deposit funds into Idle Finance and receive a return on investment (supply-side fees).

Idle Finance is an asset management protocol built on Ethereum. Idle Finance was founded by Matteo Pandolfi, William Bergamo & Samuele Cester and launched in 2019.

IDLE tokenholders own and govern the protocol. They currently take a cut of the total return on investment paid by liquidity providers (revenue). Idle Finance’s investors include BR Capita, Greenfield One, Gumi Cryptos, etc.

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Idle Finance

# Idle Finance Treasury (net) Methodology

## 1. Overview

The Idle treasury net metric measures the total USD value of all tokens held across Idle protocol's treasury addresses. This metric provides insight into the protocol's financial reserves and asset allocation by tracking token balances in real-time and converting them to USD values using daily price feeds.

## 2. Data sources

- **Blockchain events**: Parsed Ethereum `Transfer` events from ERC20 token contracts to track token movements into and out of treasury addresses
- **Transaction data**: Ethereum transaction logs and traces for incremental processing optimization
- **External data**: End-of-day token price feeds for USD conversion
- **Token metadata**: Token symbol information and contract details

## 3. Step-by-step calculation

### Component A: Treasury balance tracking
- **Purpose**: Tracks token balance changes across all Idle treasury addresses
- **Logic**: Processes parsed `Transfer` events on Ethereum for 9 specific treasury addresses: `0x031f71b5369c251a6544c41ce059e6b3d61e42c6`, `0x076ff8e6402b02855ff82119b53e59bbdd67f0ee`, `0x107a369bc066c77ff061c7d2420618a6ce31b925`, `0x69a62c24f16d4914a48919613e8ee330641bcb94`, `0xb0aa1f98523ec15932dd5faac5d86e57115571c7`, `0xbecc659bfc6edca552fa1a67451cc6b38a0108e4`, `0xcaf467dfe064a1f54e4ece8515ddf326b9be801e`, `0xe8ea8bae250028a8709a3841e0ae1a44820d677b`, and `0xfb3bd022d5dacf95ee28a6b07825d4ff9c5b3814`. Excludes the token at address `0x875773784af8135ea0ef43b5a374aad105c5d39e` from all calculations. Uses incremental processing with daily partitioning for efficiency.
- **Key fields**: `timestamp`, `chain_id`, `account_address`, `token_address`, `balance` (net change), `token_symbol`

### Component B: Cumulative balance calculation
- **Purpose**: Converts balance changes into running cumulative balances for each address-token pair
- **Logic**: Applies a cumulative sum window function partitioned by timestamp grain, chain, account address, and token address, ordered by timestamp. This builds a complete history of token holdings over time for each treasury address.
- **Key fields**: `balance` (cumulative running total)

### Component C: Data continuity management
- **Purpose**: Ensures continuous time series data by filling forward missing data points
- **Logic**: Uses forward-fill logic to propagate the last known balance for each address-token pair when no transactions occur on a given day. This maintains accurate balance representations even during periods of no activity.
- **Key fields**: Maintains all dimensions while ensuring complete time coverage

### Component D: USD conversion
- **Purpose**: Converts token balances to USD values using market prices
- **Logic**: Joins cumulative token balances with end-of-day price feeds, matching on timestamp, chain, and token address. Multiplies token balance by USD price using safe multiplication to handle potential null values. Filters out zero or negative balances to include only meaningful holdings.
- **Key fields**: `amount` (USD value), `price_usd`

### Final aggregation
- **Combining components**: Sums all USD-denominated token values across all treasury addresses and tokens to calculate total treasury value
- **Currency conversion**: Uses end-of-day token prices from external price feeds, with safe multiplication to handle edge cases
- **Time aggregation**: Maintains daily granularity with proper timestamp boundaries
- **Final calculation**: The treasury net value represents the sum of all positive token holdings across all specified treasury addresses, converted to USD and aggregated into a single daily metric value

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

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

Idle FinanceIDLE

Treasury (net)

Treasury (net)

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