Liquidity providers deposit funds into Pharaoh and stake their LP tokens to receive PHAR tokens in proportion to their share of the votes (token incentives).

Pharaoh is a non-custodial exchange protocol built on Avalanche. Pharaoh was founded in 2023.

PHAR tokenholders own and govern the protocol. They vote which pools they wish to earn trading fees from (revenue).

website

twitter

discord

Exchanges (DEX)

Pharaoh

# Pharaoh Treasury Methodology

## 1. Overview

Treasury measures the total value of assets held in the onchain treasury controlled by Pharaoh. This metric reflects the financial resources available to the project for funding operations, rewarding contributors, or investing in ecosystem growth. The valuation includes all identified assets, including native assets, held in designated treasury addresses on Avalanche.

## 2. Data sources

- **Blockchain events**: ERC-20 token transfers and native asset transfers involving designated treasury addresses, covering Avalanche
- **External data**: End-of-day price feeds for assets held in the treasury

## 3. Step-by-step calculation

### Component A: Treasury asset flow tracking

- **Purpose**: Identify daily changes in asset quantities for treasury-controlled addresses
- **Logic**: ERC-20 token transfers and native asset transfers are parsed for identified treasury addresses on Avalanche. Daily net flows are determined by calculating the sum of all incoming and outgoing asset values for each address.
- **Key fields**: `account_address` (treasury identification), `token_address` (asset identification), `value` (transfer quantity)

### Component B: Cumulative balance calculation

- **Purpose**: Establish the total holdings of each asset over time
- **Logic**: Daily net flows are aggregated chronologically to calculate a running total balance for every asset held in the treasury. A fill-forward mechanism is applied to ensure balance data is recorded for every timestamp, maintaining the last known balance on days where no transfer activity occurs.

### Component C: USD valuation and aggregation

- **Purpose**: Normalize asset balances and calculate the total treasury value in USD
- **Logic**: Asset balances are normalized by decimal precision and multiplied by end-of-day price feeds. The total treasury value is calculated as the sum of all individual asset valuations across the identified addresses. Final values are aggregated at a daily granularity with UTC day boundaries.

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

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

PharaohPHAR

Archived

Treasury

Treasury

Competitive landscape