# Fluid Lite Total value locked Methodology

## 1. Overview

Total value locked measures the total value of assets deposited into Fluid Lite vaults. This metric is utilized as a key indicator of protocol liquidity and adoption, reflecting the scale of user assets managed by the automated yield strategies of Fluid Lite. The total value is determined by aggregating the balances of all supported assets across active vaults and converting them to USD.

## 2. Data sources

- **Blockchain events**: State queries for exchange prices and total supply from Fluid Lite V1 and V2 contracts, covering Ethereum, Arbitrum, Base, Polygon, and 2 other chains
- **External data**: End-of-day price feeds for deposited assets

## 3. Step-by-step calculation

### Component A: Fluid Lite V1 raw TVL extraction

- **Purpose**: Extract and calculate the raw TVL for Fluid Lite V1 vaults
- **Logic**: State queries are parsed to extract the exchange prices and total supply for Fluid Lite V1 vaults. The exchange price is normalized by decimal precision and multiplied by the total supply to determine the raw TVL level for each Fluid Vault.
- **Key fields**: `amount` (representing exchange price and total supply), `vault_address`, `token_address`

### Component B: Fluid Lite V2 raw TVL extraction

- **Purpose**: Extract the raw TVL for Fluid Lite V2 vaults
- **Logic**: State queries are parsed to extract the total supply for Fluid Lite V2 vaults. The raw TVL level for each V2 Fluid Vault is represented directly by this total supply.
- **Key fields**: `amount` (representing total supply), `vault_address`, `token_address`

### Component C: Decimal correction and daily delta calculation

- **Purpose**: Normalize raw TVL values and calculate daily changes
- **Logic**: The raw TVL levels from V1 and V2 are combined and normalized by the decimal precision of each underlying asset. For each combination of chain, product, Fluid Vault address, and asset, the daily delta is calculated by subtracting the previous day's normalized TVL level from the current day's level.
- **Key fields**: `tvl`, `delta_tvl`

### Component D: Cumulative aggregation and USD conversion

- **Purpose**: Reconstruct the running TVL levels and convert the values to USD
- **Logic**: The daily TVL deltas are summed cumulatively over time to reconstruct the running TVL level, with any negative cumulative values capped at zero. Missing daily records are filled forward from the last known state. The resulting asset balances are multiplied by end-of-day asset prices to determine the final TVL in USD.
- **Key fields**: `delta_tvl`, `tvl`, `price_usd`

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

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

Total value locked

Lending

Fluid acts as a lending, vault, and DEX platform for seamless DeFi interaction.

Fluid is a non-custodial lending, vaults, and DEX protocol built by Instadapp. Instadapp was founded by Samyak Jain & Sowmay Jain and launched in 2018.

FLUID tokenholders own and govern the protocol. They currently earn a cut of the fees generated through Fluid lending, vault and DEX services. Instadapp's investors include Coinbase Ventures, Pantera Capital, Robot Ventures, etc.

Fluid Lite

Total value locked

Total value locked

Chain breakdown