Stakers deposit funds into Rocket Pool and receive a return on investment in the form of staking rewards (supply-side fees).

Rocket Pool is a non-custodial staking protocol built on Ethereum. Rocket Pool was founded by David Rugendyke and launched in 2021.

RKT token holders own and govern the protocol. They currently take a cut of the total return on investment (revenue).

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Rocket Pool

# Rocket Pool Treasury (net) Methodology

## 1. Overview

The RocketPool treasury net metric measures the total USD value of all tokens held in RocketPool's treasury addresses across Ethereum and Optimism networks. This metric provides insight into the protocol's financial reserves and asset management by tracking the cumulative value of ERC20 token holdings in designated treasury wallets. The calculation aggregates token balances from multiple treasury addresses, converts them to USD using end-of-day prices, and excludes specific tokens to focus on liquid treasury assets.

## 2. Data sources

- **Blockchain events**: Parsed ERC20 `Transfer` events from Ethereum and Optimism networks to track token movements into and out of treasury addresses
- **Transaction data**: Ethereum and Optimism transaction logs containing token transfer information
- **External data**: End-of-day token price feeds for USD conversion across both networks
- **Token metadata**: Token contract information including symbols, decimals, and addresses for proper identification and processing

## 3. Step-by-step calculation

### Component A: Treasury balance change tracking
- **Purpose**: Calculate daily token balance changes for each treasury address by processing all ERC20 transfers
- **Logic**: Track token flows for specific treasury addresses on each chain. On Ethereum, monitor two addresses (`0xb867ea3bbc909954d737019fef5ab25dfdb38cb9` and `0x6efd08303f42edb68f2d6464bcdca0824e1c813a`) while excluding the RPL token (`0xd33526068d116ce69f19a9ee46f0bd304f21a51f`). On Optimism, track one address (`0x2319d8e71268ff128e3a9cfa0e62d32596d4dc02`). For each `Transfer` event where a treasury address appears as sender or receiver, calculate the net balance change (positive for inflows, negative for outflows)
- **Key fields**: `timestamp` for daily granularity, `chain_id` for network identification, `account_address` for treasury wallet, `token_address` for asset identification, `balance` for the net change amount

### Component B: Cumulative balance calculation  
- **Purpose**: Convert daily balance changes into running cumulative balances for each token-address combination
- **Logic**: Use window functions to sum balance changes over time, partitioned by timestamp grain, chain, account address, and token address. This creates a running total showing the actual token balance held at each treasury address on each day
- **Key fields**: `balance` field becomes cumulative balance rather than daily change, maintaining all other dimensional fields

### Component C: Data continuity and forward filling
- **Purpose**: Ensure complete daily time series data for all token-address combinations
- **Logic**: Apply forward-filling logic to propagate the last known balance forward for any missing days in the time series. This ensures that token balances are represented consistently across all dates, even when no transfers occurred
- **Key fields**: All existing fields maintained with gaps filled using the most recent available balance value

### Component D: USD conversion
- **Purpose**: Convert all token balances to USD values using end-of-day pricing
- **Logic**: Join token balance data with end-of-day price feeds, matching on timestamp, chain, and token address. Multiply each token balance by its corresponding USD price to get the dollar value. Filter to only include balances greater than zero and ensure prices are from daily grain data
- **Key fields**: `amount` field containing USD value calculated as token balance multiplied by `price_usd`

### Final aggregation
- **Combining components**: Sum all USD-denominated token balances across all treasury addresses and chains to create a single daily treasury net value
- **Currency conversion**: USD conversion occurs at the individual token level using end-of-day prices before aggregation
- **Time aggregation**: Daily boundary logic maintains daily granularity throughout the calculation process
- **Final calculation**: The final metric represents the total USD value of all tokens held in RocketPool treasury addresses, calculated as the sum of (token balance × end-of-day USD price) across all qualifying token holdings

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

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

Rocket PoolRPL

Treasury (net)

Treasury (net)

Competitive landscape

Chain breakdown