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Prime Numbers

# Prime Numbers Token incentives Methodology

## 1. Overview

The Token Incentives metric measures the total USD value of token rewards distributed by Prime Numbers across their lending and staking products on the XDC Network. This metric captures actual reward distributions to users, combining incentive payments from the PrimeFi Lending lending protocol (via withdrawal events) and Prime Staking staking rewards (via reward payment events). The metric answers how much value Prime Numbers distributes as incentives to encourage participation in their DeFi protocols.

## 2. Data sources

The calculation uses several key data sources:
- **XDC Network event logs**: Parsed `MultiFeeDistribution_Withdrawn` events from the PrimeFi Lending lending protocol capturing user reward claims
- **XDC Network event logs**: Parsed `PrimeStakedXDC_RewardPaid` events from the Prime Staking protocol capturing staking reward distributions  
- **End-of-day token price feeds**: Standard Token Terminal price data for USD conversion of lending rewards
- **CoinGecko price feeds**: External price data specifically for the XDCE token used in staking reward USD conversion
- **Token metadata**: Contract address and decimal specifications for proper amount calculations

## 3. Step-by-step calculation

### Component A: Lending protocol incentives
- **Purpose**: Captures token rewards distributed through the PrimeFi Lending lending protocol when users withdraw their earned rewards
- **Logic**: Extract `MultiFeeDistribution_Withdrawn` events from XDC Network, filtering for the specific MultiFeeDistribution contract. The `receivedAmount` field represents the token amount withdrawn as rewards. Events are deduplicated using block timestamp, transaction hash, and log index. The token address is hardcoded as `0xffa04f091128fb89d3b1ecd0149dc677dfae1c69` and classified under the 'PrimeFi Lending' product in the 'lending' business segment
- **Key fields**: `receivedAmount` (raw token reward amount), `block_timestamp` (event timing), `token_address` (reward token identifier)

### Component B: Staking protocol incentives  
- **Purpose**: Captures token rewards paid out to stakers through the Prime Staking protocol
- **Logic**: Extract `PrimeStakedXDC_RewardPaid` events from XDC Network from the PrimeStakedXDC contract. The `reward` field represents the staking reward amount. Events are deduplicated and classified under the 'Prime Staking' product. Raw amounts are converted from wei by dividing by 1e18
- **Key fields**: `reward` (raw staking reward amount in wei), `block_timestamp` (reward payment timing)

### Component C: USD conversion processes
- **Purpose**: Convert both lending and staking rewards from token amounts to USD values for aggregation
- **Logic**: Lending rewards use Token Terminal's standard USD conversion methodology with automatic decimal correction and end-of-day price feeds. Staking rewards use CoinGecko price conversion specifically for the 'xdce-crowd-sale' token identifier, with manual decimal conversion applied before USD conversion
- **Key fields**: Daily aggregated token amounts converted to USD values

### Final aggregation
- **Combining components**: The lending and staking incentive streams are combined using a union operation, maintaining separate product classifications while creating a unified daily time series
- **Currency conversion**: All token amounts are converted to USD - lending rewards through Token Terminal's standard methodology and staking rewards through CoinGecko price feeds
- **Time aggregation**: Both components are aggregated to daily grain using timestamp truncation to day boundaries
- **Final calculation**: The final metric value represents the sum of all USD-converted token incentives distributed by Prime Numbers across both lending and staking protocols for each day, with schema validation and gap-filling applied to ensure complete time series data

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

Value of native tokens distributed as incentives.

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Token incentives

Token incentives

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