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.

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# Fluid Treasury Methodology

## 1. Overview

The Instadapp treasury metric measures the total USD value of all tokens held in Instadapp's treasury addresses across multiple blockchain networks. This metric provides insight into the protocol's financial reserves and asset holdings. The calculation aggregates token balances from specific treasury wallets on Ethereum, Arbitrum, Avalanche, Optimism, and Polygon, converts them to USD values, and sums them to create a comprehensive view of Instadapp's treasury holdings.

## 2. Data sources

- **Cross-chain token transfer events**: Parsed `Transfer` events from Ethereum, Arbitrum, Avalanche, Optimism, and Polygon to track token movements in and out of treasury addresses
- **Token balance snapshots**: Daily snapshots of token balances for all treasury addresses across the five supported chains
- **Token metadata**: Contract addresses, decimal specifications, and token identifiers for accurate balance calculations
- **End-of-day price feeds**: USD pricing data for all tokens held in treasury addresses to enable consistent valuation
- **Chain availability data**: Information about data quality and availability for each blockchain network

## 3. Step-by-step calculation

### Component A: Treasury address identification
- **Purpose**: Define the specific wallet addresses that constitute Instadapp's treasury across different blockchain networks
- **Logic**: The calculation uses hardcoded treasury addresses for each supported chain. Ethereum has two treasury addresses (`0x1d29756e8f7b091ce6c11a35980de79c7eda5d1f` and `0x28849d2b63fa8d361e5fc15cb8abb13019884d09`), while Arbitrum (`0xf81ab897e3940e95d749ff2e1f8d38f9b7cbe3cf`), Avalanche (`0xe06d0b1752e60687c0ea5abbe006d3368fdcdcc1`), Optimism (`0xdaf12965b3d5bf60843aa1fb0d7826a9922aafc0`), and Polygon (`0x6e9d36eaec63bc3ad4a47fb0d7826a9922aafc22`) each have one designated treasury address
- **Key fields**: `account_addresses` for each chain configuration

### Component B: Portfolio calculation
- **Purpose**: Calculate the USD value of all token holdings for each treasury address across all supported chains
- **Logic**: The portfolio calculation processes token balance data for each treasury address, applying token-specific decimal adjustments and USD price conversions. This involves tracking all ERC20 tokens held by the treasury addresses, determining their quantities through balance snapshots, and converting those quantities to USD values using end-of-day pricing data. The calculation handles multiple token types and ensures accurate decimal precision for each token contract
- **Key fields**: `balance` values in USD, `timestamp` for daily tracking, `chain` identifier

### Component C: Cross-chain aggregation
- **Purpose**: Combine treasury values from all blockchain networks into a single daily metric
- **Logic**: All portfolio values are summed across chains while maintaining daily granularity. The aggregation groups data by timestamp, timestamp grain, and chain to create daily treasury values for each blockchain network. This step ensures that the total treasury value represents holdings across all supported chains without double-counting
- **Key fields**: Aggregated `treasury` value, `timestamp`, `timestamp_grain`, `chain_id`

### Final aggregation
- **Combining components**: The treasury values from all chains are maintained as separate records per chain, allowing for both chain-specific and total treasury analysis
- **Currency conversion**: All token holdings are converted to USD using end-of-day price feeds, ensuring consistent valuation across different tokens and chains
- **Time aggregation**: Data is aggregated daily, with consistent timestamp boundaries applied across all chains
- **Final calculation**: The final metric represents the total USD value of all tokens held in Instadapp's designated treasury addresses, with data standardized through the treasury finalization process that applies consistent formatting, fills missing periods with zero values, and adds necessary metadata for downstream consumption. Chain availability filters ensure only high-quality data is included in the final output.

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

Total value of a project's onchain treasury, including its native token.

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Competitive landscape

Chain breakdown