ParagonsDAO receives yield equal to 1% of the trading volume of the Parallel Trading Card Game’s Standard and Special Edition (“SE”) cards corresponding to the Masterpiece cards the DAO holds.

ParagonsDAO is an economic and social partner-DAO to promising blockchain-powered gaming ecosystems. Formerly known as ParallelDAO, their focus at launch is the trading card game called Parallel.

PDT tokenholders own and govern the DAO. PDT holders control the DAO funds and vote on other core topics.

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ParagonsDAO

# ParagonsDAO Treasury Methodology

## 1. Overview

The ParagonDAO treasury metric measures the total USD value of all ERC-20 tokens held in the protocol's treasury address on Ethereum. This metric provides insight into the protocol's financial reserves and asset management over time. The calculation tracks token balance changes through blockchain events, maintains cumulative balances, converts to USD using daily price feeds, and aggregates across all held tokens.

## 2. Data sources

The calculation relies on the following raw data sources:

- **Blockchain events**: Parsed Ethereum `Transfer` events from ERC-20 token contracts to track token movements in and out of the treasury address
- **Transaction data**: Ethereum transaction traces and logs to capture internal transfers, contract interactions, and complex multi-step transactions
- **External data**: End-of-day price feeds providing USD conversion rates for all tokens held in the treasury
- **Token metadata**: Token contract information including decimal precision and symbol data for proper balance calculations

## 3. Step-by-step calculation

### Component A: Token balance change tracking
- **Purpose**: Identifies all changes in token holdings for the ParagonDAO treasury address
- **Logic**: Analyzes Ethereum blockchain data to track token transfers involving the specific treasury address `0xc977cbadd359ae06b236d9581e37fd5a03e54b84`. The system processes `Transfer` events from ERC-20 contracts, transaction traces showing internal transfers, and direct contract interactions. For each transaction, it calculates the net change in balance (positive for inflows, negative for outflows) for each token type. The analysis includes proper decimal handling using token metadata to convert raw blockchain values to human-readable token amounts.
- **Key fields**: `timestamp`, `account_address` (treasury address), `token_address`, `balance` (net change), `token_symbol`

### Component B: Cumulative balance calculation
- **Purpose**: Maintains running totals of each token held in the treasury over time
- **Logic**: Takes the balance changes from Component A and applies a cumulative sum calculation partitioned by timestamp grain, chain, account address, and token address. This creates a running balance for each token type, showing the total quantity held at each point in time. The calculation uses window functions ordered by timestamp to ensure proper chronological accumulation of balance changes.
- **Key fields**: `timestamp`, `chain_id`, `account_address`, `token_address`, `balance` (cumulative total)

### Component C: Data continuity management
- **Purpose**: Ensures complete time series data by filling gaps where no transactions occurred
- **Logic**: Uses a fill-forward mechanism to propagate the last known balance for each token across time periods with no trading activity. This creates a continuous daily time series where each token's balance is carried forward until the next transaction changes it. The fill-forward logic maintains separate series for each combination of timestamp grain, chain, account, and token address.
- **Key fields**: `timestamp`, `timestamp_grain`, `chain_id`, `account_address`, `token_address`, `balance` (filled forward)

### Component D: USD value conversion  
- **Purpose**: Converts token balances to USD using daily price feeds
- **Logic**: Joins the filled balance data with end-of-day price information, matching on timestamp, chain, and token address. Multiplies each token balance by its corresponding USD price using safe multiplication to handle potential null values. Only includes records where the balance is greater than zero and price data is available for the given day. Filters for daily timestamp grain to ensure consistent pricing intervals.
- **Key fields**: `timestamp`, `chain_id`, `account_address`, `token_address`, `amount` (USD value)

### Final aggregation
- **Combining components**: All USD-valued token holdings are summed together for each timestamp to create a single treasury value representing the total worth of all assets
- **Currency conversion**: USD conversion uses end-of-day price feeds with safe multiplication to handle edge cases and ensure data quality
- **Time aggregation**: Daily boundaries are maintained throughout the calculation with consistent timestamp grains
- **Final calculation**: The treasury metric equals the sum of all individual token values (token_balance × token_price_usd) held in the treasury address on each day, with standardized formatting applied through the finalize_metric_treasury macro using a fill_zeros strategy for periods with no data

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

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

ParagonsDAOPDT

Treasury

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