# Mantra Zone Total value locked Methodology

## 1. Overview

Total value locked (TVL) for Mantra Zone is measured as the total value of on-chain deposits currently held within the protocol's liquidity pools. This metric is utilized as a leading indicator for the platform's liquidity and its capacity to facilitate trading activity. All assets deposited into the swap pools are accounted for, normalized by decimal precision, and converted to USD to provide a standardized measure of the economic scale of Mantra Zone.

## 2. Data sources

- **Blockchain events**: `execute_swap_operations` actions from `wasm` events emitted by the Mantra Zone liquidity pool contract on Mantra Chain
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Mantra Zone reserve tracking

- **Purpose**: Asset balances held within the liquidity pools of Mantra Zone are identified and extracted.
- **Logic**: `execute_swap_operations` actions are parsed from `wasm` events emitted by the Mantra Zone swap contract. Asset identifiers and raw balance quantities are extracted from the `pool_reserves` attribute. For each day and unique pool identifier, only the final reserve state is retained by selecting the record associated with the highest block height and event index. This ensures that the most recent liquidity levels are reflected in the daily total.
- **Key fields**: `pool_identifier`, `token_address`, `reserve`

### Component B: USD conversion and aggregation

- **Purpose**: Extracted asset quantities are normalized and converted to USD for cross-asset comparison and final aggregation.
- **Logic**: Raw asset quantities are normalized by decimal precision based on asset metadata. These normalized balances are then multiplied by end-of-day price feeds to determine the USD value of the reserves. The values are aggregated across all pools and assets to calculate the daily total value locked for Mantra Zone.
- **Key fields**: `timestamp`, `reserve`, `token_address`

*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

Exchanges (DEX)

Mantra is a Decentralized Exchange (DEX), initially built on Ethereum and upgraded to the Mantra Chain, a blockchain built on the Cosmos SDK.

Mantra Zone

Archived

Total value locked

Total value locked

Chain breakdown