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Blockchains (L2)

peaq

# peaq Treasury (net) Methodology

## 1. Overview

The PEAQ treasury net metric represents the net value of assets held in the PEAQ protocol's treasury, measured in USD. However, as of April 2024, this metric is temporarily hardcoded to zero due to a business decision to postpone implementing net treasury calculation logic. The treasury currently only contains native PEAQ tokens, and the protocol has decided to implement proper net treasury calculation at a later date when the treasury contains a more diverse set of assets.

## 2. Data sources

- **Peaq blockchain treasury balances**: Native PEAQ token balance snapshots captured at specific block heights for treasury accounts
- **Peaq blockchain data**: Block data containing timestamps and block numbers from the Peaq blockchain
- **Token metadata**: PEAQ token decimal configuration (18 decimals) for amount conversion

## 3. Step-by-step calculation

### Component A: Treasury balance extraction
- **Purpose**: Extract and process daily treasury balance data from the Peaq blockchain
- **Logic**: Query native PEAQ treasury balance snapshots and join with block timestamp data to create daily balance records. Raw balance amounts are converted from blockchain units to human-readable token quantities by dividing by 1e18 (PEAQ's decimal factor). Data is grouped by daily timestamp boundaries and treasury account addresses.
- **Key fields**: `treasury_balance` (converted PEAQ token amount), `account_address` (treasury account identifier), `timestamp` (daily timestamp grain)

### Component B: Business logic override
- **Purpose**: Apply current business rules for net treasury calculation
- **Logic**: Due to the treasury currently containing only native PEAQ tokens, the net treasury calculation logic has been postponed. All records have their `treasury_net` value hardcoded to 0, regardless of the actual treasury balance amounts. This represents a temporary implementation decision pending future enhancement when the treasury contains multiple asset types.
- **Key fields**: `treasury_net` (hardcoded to 0), `product_id` ('peaq'), `chain_id` ('peaq')

### Final aggregation
- **Combining components**: Treasury balance data is processed but not used in the final net calculation due to the business override
- **Currency conversion**: Not applicable in current implementation as all values are set to 0
- **Time aggregation**: Data is aggregated to daily grain using timestamp truncation to day boundaries
- **Final calculation**: The final metric value is always 0 for all time periods, representing the protocol's current approach of deferring net treasury calculation until the treasury contains a more diverse asset portfolio. The `finalize_metric_treasury_net` macro ensures proper schema validation and fills any data gaps with zero values.

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

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

peaqPEAQ

Treasury (net)

Treasury (net)

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