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 (net) Methodology

## 1. Overview

Treasury net measures the total USD value of tokens held in ParagonDAO's treasury address on Ethereum. This metric answers the question "What is the current market value of ParagonDAO's treasury holdings?" by tracking token balances in the designated treasury wallet and converting them to USD using daily price feeds. The calculation excludes a specific token to focus on the core treasury value.

## 2. Data sources

- **Ethereum token transfer events**: Parsed `Transfer` events from Ethereum blockchain to track token movements in and out of the treasury address
- **Ethereum transaction logs**: Raw transaction data and event logs for comprehensive token flow tracking
- **End-of-day price feeds**: Daily token price data for USD conversion of all held tokens
- **Token metadata**: Token contract information including symbols and decimal precision for proper balance calculations

## 3. Step-by-step calculation

### Component A: Token balance tracking
- **Purpose**: Track all token balance changes for ParagonDAO's treasury address
- **Logic**: Extract all token transfer events involving the specific treasury address (`0xc977cbadd359ae06b236d9581e37fd5a03e54b84`) on Ethereum. The system processes both incoming and outgoing transfers using the `calculate_token_balance_changes` macro, which analyzes parsed `Transfer` events to determine net balance changes for each token. The calculation excludes a specific token address (`0x375abb85c329753b1ba849a601438ae77eec9893`) from the final treasury valuation.
- **Key fields**: `timestamp` for transaction timing, `account_address` for the treasury wallet, `token_address` for specific token identification, `balance` for the change amount, `chain_id` for Ethereum network identification

### Component B: Cumulative balance calculation
- **Purpose**: Convert balance changes into running total balances for each token
- **Logic**: Apply cumulative sum calculations using window functions to convert individual balance change records into running totals. The calculation partitions data by `timestamp_grain`, `chain_id`, `account_address`, and `token_address`, then orders by `timestamp` to ensure proper chronological accumulation. This creates a continuous view of how many tokens of each type the treasury holds at any given time.
- **Key fields**: `balance` transformed into cumulative sum representing total holdings, partitioning dimensions for proper grouping

### Component C: Data continuity management
- **Purpose**: Fill gaps in the time series to ensure continuous daily data
- **Logic**: Apply forward-filling logic to propagate the last known balance for each token across any missing days. This ensures that if no transactions occur for a token on a given day, the treasury balance remains at the last known value rather than appearing as zero or missing. The fill-forward operation maintains data continuity across all dimension combinations.
- **Key fields**: `timestamp` for time series continuity, dimension fields for proper grouping during fill operations

### Component D: USD conversion
- **Purpose**: Convert token balances to USD values for aggregation
- **Logic**: Join cumulative token balances with end-of-day price feeds using exact timestamp matching between balance data and price data. The system multiplies token balance amounts by corresponding USD prices, applying safe multiplication to handle potential null values. Only positive balances are included, and the conversion uses daily granularity price data to ensure consistent valuation timing.
- **Key fields**: `balance` multiplied by `price_usd` to create `amount` field, timestamp and token address for price feed joins

### Final aggregation
- **Combining components**: All USD-converted token balances for the treasury address are included in the final metric, with each token contributing its individual USD value to the total treasury net worth
- **Currency conversion**: USD conversion occurs using end-of-day price feeds with exact timestamp matching, ensuring consistent daily valuation across all tokens
- **Time aggregation**: Data is maintained at daily granularity with forward-filling applied to ensure continuous time series representation
- **Final calculation**: The treasury net value represents the sum of USD values for all tokens held in the ParagonDAO treasury address, excluding the specified token, with zero-filling applied for periods with no holdings and chain availability filtering for data quality assurance

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

Total value of a project's treasury excluding its native token.

ParagonsDAOPDT

Treasury (net)

Treasury (net)

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