Collators aggregate parachain transactions block candidates and producing state transition proofs for validators based on those blocks.

Mythos is a specialized gaming blockchain powered by Polkadot Relay chain.

MYTH holders own and govern the protocol.

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Mythos

# Mythos Staking market cap Methodology

## 1. Overview

Staking market cap measures the total USD value of tokens currently staked in the Mythos protocol's collator staking system. This metric tracks the cumulative value of staked tokens over time by processing blockchain staking events and applying real-time price conversion. It answers the business question of how much capital is locked in the protocol's staking mechanism, providing insight into protocol security and token holder commitment.

## 2. Data sources

- **Mythos blockchain event logs**: Parsed events from the `collatorStaking` pallet containing `StakeAdded` and `StakeRemoved` method calls that track when tokens are staked or unstaked in the protocol
- **End-of-day price feeds**: Token price data from CoinGecko API for the 'mythos' token used for USD conversion

## 3. Step-by-step calculation

### Component A: Daily staking event processing
- **Purpose**: Extract and aggregate daily staking activity from Mythos blockchain events
- **Logic**: The system filters Mythos blockchain event logs for events from the `collatorStaking` pallet with method names `StakeAdded` and `StakeRemoved`. For each event, it extracts the staking amount from the third element of the event data array. Amounts are converted from wei to standard token units by dividing by 1e18. Events are grouped by day using timestamp truncation, with stake additions treated as positive values and stake removals as negative values (multiplied by -1). Daily net staking amounts are calculated by summing all events within each day.
- **Key fields**: `block_timestamp` for event timing, `event_pallet` and `event_method` for event filtering, `event_data` array containing the staking amount

### Component B: Cumulative staking calculation
- **Purpose**: Maintain running total of staked tokens over time
- **Logic**: The system combines previous day's cumulative staking amounts with new daily net staking changes. For incremental processing, it retrieves the last known cumulative amount from the previous calculation period. Daily net changes from Component A are added to create a union of historical and new data. A window function with ordering by timestamp calculates the running cumulative sum, ensuring each day reflects the total amount staked in the protocol up to that point.
- **Key fields**: `timestamp` for temporal ordering, `amount` for daily net changes and cumulative totals

### Component C: USD conversion
- **Purpose**: Convert native token amounts to USD values using market prices
- **Logic**: The system joins cumulative staking amounts with end-of-day price feeds from CoinGecko for the 'mythos' token. Each day's cumulative staking amount is multiplied by the corresponding day's token price to calculate the USD value. The conversion uses end-of-day prices to ensure consistent daily valuations.
- **Key fields**: `timestamp` for price matching, `staking_market_cap` for token amounts, CoinGecko price data for USD conversion

### Final aggregation
- **Combining components**: Daily cumulative staking amounts in native tokens are multiplied by corresponding end-of-day token prices to produce USD-denominated staking market cap values
- **Currency conversion**: USD conversion uses end-of-day CoinGecko price feeds matched by date, with amounts multiplied by the token price for that day
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation, with each day representing the total staked value as of the end of that day
- **Final calculation**: The final metric represents the cumulative USD value of all tokens currently staked in the Mythos collator staking system, calculated as the running sum of daily net staking changes multiplied by daily token prices

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

Value of native tokens currently staked to secure a proof-of-stake network.

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