Liquidity providers deposit funds into PoolTogether and receive a return on investment in lottery winnings (supply-side fees).

PoolTogether is an asset management (no-loss lottery) protocol built on Ethereum and other adjacent blockchains. PoolTogether was founded by Leighton Cusack and launched in 2019.

POOL tokenholders own and govern the protocol. They currently do not take a cut of the total return on investment paid by liquidity providers (revenue). PoolTogether’s investors include IDEO CoLab Ventures, DTC Capital, ConsenSys Ventures, etc.

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# PoolTogether Treasury Methodology

## 1. Overview

The PoolTogether treasury metric measures the total USD value of all tokens held across PoolTogether's official treasury addresses on Ethereum. This metric tracks the protocol's financial reserves by monitoring token balances in three specific treasury addresses and converting them to USD using end-of-day price feeds. The calculation provides daily snapshots of the treasury's total asset value.

## 2. Data sources

- **Ethereum Transfer events**: Parsed `Transfer` events from ERC20 tokens to track token movements in and out of treasury addresses
- **End-of-day price feeds**: Daily token price data for USD conversion of token balances
- **Token metadata**: Token contract information including symbols and decimal places for proper balance calculations
- **Treasury addresses**: Three specific PoolTogether treasury addresses on Ethereum that hold protocol funds

## 3. Step-by-step calculation

### Component A: Treasury balance change tracking
- **Purpose**: Calculate daily net balance changes for all tokens held in PoolTogether treasury addresses
- **Logic**: Process parsed `Transfer` events on Ethereum to identify when tokens move into or out of the three designated treasury addresses (`0x21950e281bde1714ffd1062ed17c56d4d8de2359`, `0x42cd8312d2bce04277dd5161832460e95b24262e`, `0xda63d70332139e6a8eca7513f4b6e2e0dc93b693`). For each treasury address and token combination, calculate the net balance change per day by tracking inflows and outflows. The calculation uses the `calculate_token_balance_changes` macro which processes raw transfer events and aggregates them by day.
- **Key fields**: `timestamp` (daily), `account_address` (treasury address), `token_address`, `balance` (net daily change)

### Component B: Cumulative balance calculation  
- **Purpose**: Convert daily balance changes into running cumulative balances for each token
- **Logic**: Apply window functions to sum balance changes over time, partitioned by treasury address and token. This creates running totals that represent the actual token balance held in each treasury address at any given date. The cumulative calculation ensures that the current balance reflects all historical inflows and outflows.
- **Key fields**: `balance` (cumulative running total), partitioned by `account_address` and `token_address`

### Component C: Data continuity via forward-filling
- **Purpose**: Ensure continuous daily data by filling gaps where no transactions occurred
- **Logic**: Use the `fill_forward` macro to carry forward the last known balance for each token when no transactions occurred on a given day. This creates a complete daily time series where each date shows the token balance as of that date, even when no transfers happened.
- **Key fields**: All dimension fields (`account_address`, `token_address`) with filled `balance` values

### Component D: USD conversion
- **Purpose**: Convert token balances from native units to USD values
- **Logic**: Join the filled balance data with end-of-day price feeds using exact timestamp, chain, and token address matches. Multiply the token balance by the corresponding USD price using `safe_multiply` to handle potential null values or calculation errors. Filter to only include positive balances and daily price granularity.
- **Key fields**: `amount` (USD value calculated as balance × price), filtered for `balance > 0`

### Final aggregation
- **Combining components**: Sum all USD-converted token values across all three treasury addresses to get the total treasury value for each day
- **Currency conversion**: USD conversion happens at the individual token level before aggregation, using end-of-day price feeds matched by exact timestamp and token address
- **Time aggregation**: Data is aggregated and reported on daily boundaries, with forward-filling ensuring complete daily coverage
- **Final calculation**: The final treasury metric represents the total USD value of all tokens held across all PoolTogether treasury addresses, calculated as the sum of (token_balance × usd_price) for each token on each day, processed through the `finalize_metric_treasury` macro with a 'fill_zeros' strategy for missing data

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

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

PoolTogetherPOOL

Treasury

Treasury

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