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Asset management

Rezerve

# Rezerve Treasury Methodology

## 1. Overview

Treasury measures the total USD value of all tokens held in Rezerve's treasury addresses across supported blockchain networks. This metric provides visibility into the protocol's financial reserves and asset holdings by tracking token balances in designated treasury wallets on Ethereum and Sonic chains. The calculation aggregates token holdings from multiple treasury addresses and converts them to USD values using daily price feeds.

## 2. Data sources

- **Blockchain events**: Parsed token `Transfer` events from Ethereum and Sonic networks to track inflows and outflows of tokens to/from treasury addresses
- **Transaction data**: Token transfer transaction records that affect the designated treasury wallet balances
- **External data**: End-of-day price feeds for USD conversion of token holdings and token metadata for proper decimal handling
- **Treasury addresses**: Hardcoded list of official Rezerve treasury addresses on each supported chain

## 3. Step-by-step calculation

### Component A: Balance change tracking
- **Purpose**: Track all token balance changes for designated Rezerve treasury addresses
- **Logic**: Process token `Transfer` events to identify when tokens move into or out of specific treasury addresses. On Ethereum, monitor address `0x0000030d7a7c4888851f35705b0852cf20ac1ba6`. On Sonic, monitor address `0xe22e10f8246df1f0845ee3e9f2f0318bd60efc85`. Calculate net balance changes for each token at each treasury address by analyzing transfer events where the treasury address is either the sender or receiver
- **Key fields**: `timestamp`, `chain_id`, `account_address`, `token_address`, `token_symbol`, and `balance` (net change amount)

### Component B: Cumulative balance calculation
- **Purpose**: Convert balance changes into running cumulative balances for each token
- **Logic**: Apply window functions to sum balance changes over time, partitioned by timestamp grain, chain, account address, and token address. This creates a running total of each token held in each treasury address. Order by timestamp to ensure chronological accumulation of balance changes
- **Key fields**: `balance` (cumulative total), partitioned by `timestamp_grain`, `chain_id`, `account_address`, `token_address`

### Component C: Data completeness handling
- **Purpose**: Ensure continuous time series data for all treasury token holdings
- **Logic**: Forward-fill balance data to handle missing dates where no token transfers occurred. This ensures that treasury holdings are properly represented for every day, carrying forward the last known balance when no changes occurred. Fill forward across all dimension combinations of timestamp grain, chain, account address, and token address
- **Key fields**: Continuous `timestamp` series with filled `balance` values

### Component D: USD conversion
- **Purpose**: Convert all token balances to USD values for aggregation
- **Logic**: Join token balances with end-of-day price feeds to convert native token amounts to USD values. Multiply each token balance by its corresponding USD price for the same timestamp. Only include tokens with positive balances and available price data. Filter to use daily price feeds specifically
- **Key fields**: `amount` (USD value calculated as balance multiplied by `price_usd`)

### Final aggregation
- **Combining components**: Sum all USD-converted token holdings across all tokens and treasury addresses for each chain and timestamp to calculate total treasury value
- **Currency conversion**: Uses end-of-day USD prices matched by timestamp, chain, and token address for accurate daily valuations
- **Time aggregation**: Daily aggregation based on timestamp grain, with data organized by day
- **Final calculation**: The treasury metric represents the total USD value of all tokens held across all designated Rezerve treasury addresses, calculated as the sum of (token balance × USD price) for each token in each treasury wallet

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

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

RezerveRZR

Treasury

Treasury

Competitive landscape

Chain breakdown