# Prime Staking Assets staked Methodology

## 1. Overview

Assets staked measures the total value of assets deposited into Prime Staking to facilitate liquid staking. This metric serves as a proxy for the project's revenue-generation capacity and represents the total value under management within the liquid staking ecosystem. For Prime Staking, this specifically reflects the total supply of the `psXDC` liquid staking asset, which is issued in a 1:1 ratio to staked native assets.

## 2. Data sources

- **Blockchain events**: ERC-20 `Transfer` events (representing mints and burns) for the `psXDC` asset on the XDC network
- **External data**: End-of-day price feeds for the underlying staked assets

## 3. Step-by-step calculation

### Component A: Liquid staking asset flow extraction

- **Purpose**: To identify the net daily change in the quantity of staked assets.
- **Logic**: ERC-20 `Transfer` events for the `psXDC` token are parsed to identify minting and burning activities. Transfers originating from the null address are identified as mints, representing new deposits into the staking protocol. Transfers sent to the null address are identified as burns, representing withdrawals or redemptions of the staked assets. Daily net flows are calculated by subtracting the total burned volume from the total minted volume.
- **Key fields**: `amount`, `from_address`, `to_address`, and `token_address`

### Component B: Cumulative supply calculation

- **Purpose**: To determine the total amount of assets currently staked in the protocol.
- **Logic**: A cumulative sum is applied to the daily net flows of the `psXDC` token to calculate its total circulating supply at any given timestamp. Because the protocol maintains a 1:1 ratio between the liquid staking asset and the underlying staked native asset, this total supply represents the total assets staked within Prime Staking.
- **Key fields**: `amount` (net daily change)

### Component C: USD conversion and normalization

- **Purpose**: To provide a standardized valuation of staked assets in USD.
- **Logic**: The total supply values are normalized by the asset's decimal precision. These normalized quantities are then multiplied by end-of-day price feeds for the underlying asset. The resulting values are aggregated at a daily granularity using UTC day boundaries, and a forward-fill strategy is applied to ensure a continuous time series for the metric.
- **Key fields**: `total_supply`, `price_usd`, and `timestamp`

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

Value of assets staked or restaked through the project.

Assets staked

Liquid staking

Prime Staking

Assets staked

Assets staked

Chain breakdown