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

# PoolTogether Treasury (net) Methodology

## 1. Overview

The PoolTogether treasury net metric measures the total USD value of non-POOL tokens held across PoolTogether's treasury addresses. This metric tracks the protocol's liquid treasury assets by monitoring token balances in designated treasury wallets, excluding the protocol's native governance token to focus on diversified treasury holdings. The calculation provides daily snapshots of treasury value to assess the protocol's financial health and asset diversification.

## 2. Data sources

- **Ethereum ERC20 Transfer events**: Parsed `Transfer` events from Ethereum blockchain to track token movements into and out of treasury addresses
- **Token metadata**: Token symbol and contract information for proper identification
- **End-of-day price feeds**: Daily closing prices for all tracked tokens to enable USD conversion
- **Treasury address configuration**: Hardcoded list of official PoolTogether treasury wallet addresses

## 3. Step-by-step calculation

### Component A: Treasury balance tracking
- **Purpose**: Track token balance changes across PoolTogether's treasury addresses
- **Logic**: Monitor three specific Ethereum addresses (`0x21950e281bde1714ffd1062ed17c56d4d8de2359`, `0x42cd8312d2bce04277dd5161832460e95b24262e`, `0xda63d70332139e6a8eca7513f4b6e2e0dc93b693`) by processing `Transfer` events where these addresses are either sender or recipient. Extract balance changes for each token contract interaction, filtering out the POOL token (`0x0cec1a9154ff802e7934fc916ed7ca50bde2844e`) to focus only on diversified treasury assets
- **Key fields**: `timestamp`, `account_address`, `token_address`, `balance` (net change), `token_symbol`

### Component B: Cumulative balance calculation  
- **Purpose**: Convert balance changes into running total balances for each token-address combination
- **Logic**: Apply window functions to calculate cumulative sum of balance changes over time, partitioned by timestamp grain, chain, account address, and token address. This creates a complete history of token holdings for each treasury address
- **Key fields**: `balance` (cumulative total), `timestamp`, all partition dimensions

### Component C: Data completeness and forward-filling
- **Purpose**: Ensure complete daily time series data for consistent reporting
- **Logic**: Use forward-fill logic to propagate the last known balance forward for days when no transactions occurred, ensuring every day has a balance value for each active token-address combination
- **Key fields**: Forward-filled `balance` values maintaining temporal continuity

### Component D: USD conversion
- **Purpose**: Convert token balances to USD values for aggregation and reporting
- **Logic**: Join cumulative token balances with end-of-day price feeds, matching on timestamp, chain, and token address. Multiply token balance by USD price using safe multiplication to handle potential null values. Filter to include only positive balances and daily price granularity
- **Key fields**: `amount` (USD value), `price_usd`

### Final aggregation
- **Combining components**: Sum USD amounts across all tokens and treasury addresses for each day to get total treasury net value
- **Currency conversion**: Uses end-of-day token prices for consistent daily valuation
- **Time aggregation**: Daily boundary logic with forward-filling to ensure complete time series
- **Final calculation**: The metric represents the total USD value of all non-POOL tokens held across PoolTogether's treasury addresses on each day, providing a measure of the protocol's diversified treasury assets

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

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

PoolTogetherPOOL

Treasury (net)

Treasury (net)

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Chain breakdown