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Origin Protocol

# Origin Protocol Capital deployed Methodology

## 1. Overview

Capital deployed measures the total value of assets under management across Origin Protocol's ecosystem. This metric combines two key components: assets deposited in Origin's Automated Risk Management (ARM) system and the outstanding supply of Origin tokens across multiple blockchains. The metric answers the business question "How much total capital is deployed in Origin Protocol?" by aggregating all forms of capital committed to the protocol's various products and services.

## 2. Data sources

The calculation relies on several types of blockchain and external data:
- **Ethereum state calls**: Contract state queries to Origin's LidoARM contract `totalSupply` function to track ARM system deposits
- **High-resolution supply events**: Parsed `TotalSupplyUpdatedHighres` events from Origin token contracts across Ethereum, Sonic, and Base chains for OETH, Origin Dollar, OS, and superOETHb tokens
- **Arbitrum function calls**: Parsed `mint` and `burn` function calls from the wOETH contract on Arbitrum to track bridged token supply changes
- **End-of-day price feeds**: Daily closing prices for all Origin tokens and underlying assets for USD conversion
- **Token metadata**: Decimal precision and symbol information for proper token amount normalization

## 3. Step-by-step calculation

### Component A: ARM TVL calculation
- **Purpose**: Calculates total value locked in Origin's Automated Risk Management system
- **Logic**: Retrieves daily snapshots of the ARM system's `totalSupply` through Ethereum state calls to the LidoARM contract. The raw state values are truncated to daily timestamps, decimal-corrected using token metadata for the underlying WETH token, and averaged within each day to handle multiple state readings. Missing dates are forward-filled to maintain continuous time series data.
- **Key fields**: `block_timestamp` for timing, `state_value` for total supply amount, `token_address` for WETH identification, `chain` set to ethereum

### Component B: Outstanding supply calculation  
- **Purpose**: Calculates total outstanding supply of all Origin tokens across all supported chains
- **Logic**: Aggregates supply data from multiple sources: high-resolution supply update events from Origin token contracts on Ethereum (OETH, Origin Dollar), Sonic (OS), and Base (superOETHb), plus mint/burn function calls for wOETH on Arbitrum. Raw event data is truncated to daily timestamps and decimal-corrected. Daily averages are calculated to handle multiple supply updates per day. A critical adjustment subtracts Arbitrum wOETH supply from Ethereum OETH supply to avoid double counting, since wOETH represents bridged OETH tokens. Missing dates are forward-filled for continuous time series.
- **Key fields**: `totalSupply` from events, `amount` from mint/burn functions, `token_address` for token identification, `chain` for blockchain source, `product_id` for token categorization

### Final aggregation
- **Combining components**: ARM TVL and outstanding supply values are unioned together, treating both as forms of capital deployed in the Origin ecosystem
- **Currency conversion**: All component values are converted to USD using end-of-day token price feeds, with decimal correction applied based on token metadata before USD conversion
- **Time aggregation**: Daily boundary logic uses timestamp truncation to day level, with averaging applied when multiple data points exist within a single day
- **Final calculation**: The metric represents the sum of ARM TVL (in USD) and total outstanding supply of Origin tokens (in USD), providing a comprehensive view of total capital committed to Origin Protocol across all chains and products

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

Value of capital allocated into investments by an asset manager.

Origin ProtocolOGN

Capital deployed

Capital deployed

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