website

twitter

discord

github

Asset management

Rezerve

# Rezerve Treasury (net) Methodology

## 1. Overview

The Rezerve treasury net metric measures the total USD value of tokens held in Rezerve's treasury addresses across multiple blockchain networks. This metric provides insight into the protocol's financial reserves by tracking the cumulative value of all tokens held in designated treasury wallets, excluding the protocol's own native token to avoid circular valuation. The calculation combines real-time balance tracking with end-of-day price feeds to produce daily treasury valuations.

## 2. Data sources

The calculation relies on several core data sources:
- **Blockchain transaction data**: Ethereum and Sonic transaction logs, traces, and event data to track token movements
- **ERC20 Transfer events**: Parsed `Transfer` events from Ethereum and Sonic networks to identify token inflows and outflows
- **Contract interaction logs**: Smart contract execution logs that capture treasury-related token operations
- **Token metadata**: Token symbol, decimal, and contract information for proper identification and formatting
- **End-of-day price feeds**: Daily closing prices for all tokens held in treasury addresses, denominated in USD
- **Treasury address configuration**: Hardcoded list of official Rezerve treasury wallet addresses across different chains

## 3. Step-by-step calculation

### Component A: Treasury balance change tracking
- **Purpose**: Identifies and quantifies all token movements in and out of Rezerve treasury addresses
- **Logic**: The system monitors specific treasury addresses on Ethereum (`0x0000030d7a7c4888851f35705b0852cf20ac1ba6`) and Sonic (`0xe22e10f8246df1f0845ee3e9f2f0318bd60efc85`) networks. It processes blockchain transaction data to detect when tokens are transferred to or from these addresses. Each transaction that affects treasury balances creates a balance change record with the token address, amount, and timestamp. The system excludes transactions involving token `0xb4444468e444f89e1c2cac2f1d3ee7e336cbd1f5` (likely Rezerve's own token) to prevent circular treasury calculations
- **Key fields**: `timestamp`, `chain_id`, `account_address`, `token_address`, `token_symbol`, and `balance` (change amount)

### Component B: Cumulative balance calculation
- **Purpose**: Converts individual balance changes into running cumulative balances for each token
- **Logic**: For each combination of timestamp grain, chain, treasury address, and token address, the system calculates a running sum of all balance changes ordered chronologically. This creates a time series of cumulative token holdings for each token in each treasury address. The calculation uses window functions to maintain running totals while preserving the chronological order of transactions
- **Key fields**: Cumulative `balance` calculated as sum of balance changes over time, partitioned by `timestamp_grain`, `chain_id`, `account_address`, and `token_address`

### Component C: Forward-fill missing periods
- **Purpose**: Ensures continuous daily data coverage even when no transactions occur
- **Logic**: Treasury balances remain constant between transactions, so the system forward-fills balance values across time gaps. When no transactions occur for a particular token on a given day, the system carries forward the most recent balance value. This ensures every trading day has balance data for accurate daily treasury valuation calculations
- **Key fields**: Forward-filled `balance` values maintaining last known balance across time gaps

### Component D: USD conversion
- **Purpose**: Converts token amounts to USD values using daily price feeds
- **Logic**: The system joins the forward-filled balance data with end-of-day token price feeds, matching on timestamp, chain, and token address. Each token balance is multiplied by its corresponding daily USD price to calculate the USD value of holdings. Only positive balances are included in the final calculation, and the system only uses daily price feeds (not intraday prices) to ensure consistent end-of-day valuations
- **Key fields**: `amount` calculated as balance multiplied by daily USD price from price feeds

### Final aggregation
- **Combining components**: The system aggregates all USD-converted token balances across all treasury addresses and chains to produce a single daily treasury net value
- **Currency conversion**: USD conversion occurs at the daily level using end-of-day price feeds, ensuring consistent valuation timing across all treasury assets
- **Time aggregation**: Daily aggregation with timestamp grain standardization, where each day represents the treasury value at market close
- **Final calculation**: The final treasury net value equals the sum of all individual token USD values held across all treasury addresses on all monitored chains, excluding the protocol's own native token to prevent circular valuation effects. Values are finalized using a fill-zeros strategy to handle missing data and filtered based on chain data availability.

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

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

RezerveRZR

Treasury (net)

Treasury (net)

Competitive landscape

Chain breakdown