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# Shadow x33 rewards claimed Methodology

## 1. Overview

The x33 rewards claimed metric measures the total value of x33 token rewards distributed to users through Shadow Exchange's reward mechanisms on the Sonic blockchain. This metric captures rewards from two primary sources: compounding rewards and rebase events. The calculation aggregates these reward distributions daily and converts them to USD values, providing insight into the platform's reward distribution activity and user engagement with the protocol's tokenomics.

## 2. Data sources

- **Sonic blockchain event logs**: Parsed `x33_Compounded_event` and `x33_Rebased_event` logs from Shadow Exchange v2 smart contracts
- **End-of-day token price feeds**: Price data for x33 token (contract address `0x3333b97138d4b086720b5ae8a7844b1345a33333`) for USD conversion
- **Token metadata**: Decimal precision data for the x33 token to ensure proper amount calculations
- **Chain availability data**: Information about Sonic blockchain data availability periods

## 3. Step-by-step calculation

### Component A: Raw reward events extraction
- **Purpose**: Identifies and standardizes all x33 reward claim events from Shadow Exchange v2 on Sonic
- **Logic**: Extracts two types of reward events from Sonic blockchain logs. The `x33_Compounded_event` captures rewards from voting incentives where users receive compounded returns. The `x33_Rebased_event` captures rewards from rebase mechanisms that adjust token supply. Both event types are filtered to exclude removed or invalid transactions. Each event record includes the transaction details, contract address, and raw reward amount in the `amount` field.
- **Key fields**: `block_timestamp` for timing, `transaction_hash` and `log_index` for unique identification, `address` for the contract, and `amount` for the raw reward value before decimal correction

### Component B: Daily reward aggregation
- **Purpose**: Groups reward events by day and prepares data for currency conversion
- **Logic**: Groups all reward claim events by day using timestamp truncation to daily boundaries. Assigns the chain identifier as 'sonic' and product identifier as 'Constant Product'. The x33 token address is explicitly set to `0x3333b97138d4b086720b5ae8a7844b1345a33333` for downstream processing. Raw amounts are preserved in their blockchain-native format before decimal and currency conversion.
- **Key fields**: `timestamp` truncated to day boundary, `chain_id` set to sonic, `token_address` for the x33 token, and `x33_rewards_claimed` containing the raw reward amounts

### Component C: USD conversion and decimal correction
- **Purpose**: Converts raw x33 token amounts to USD values with proper decimal handling
- **Logic**: Applies decimal correction to convert raw blockchain amounts to human-readable token values based on the x33 token's decimal precision. Then converts the corrected amounts to USD using end-of-day price feeds for the x33 token. This ensures all reward values are expressed in USD terms for consistent analysis and comparison.
- **Key fields**: Corrected token amounts and USD-denominated reward values

### Final aggregation
- **Combining components**: The daily aggregated reward data flows through USD conversion to produce the final metric values
- **Currency conversion**: Uses end-of-day price feeds specifically for the x33 token address to convert corrected token amounts to USD
- **Time aggregation**: Daily boundaries are established using timestamp truncation, ensuring all rewards claimed within a 24-hour period are grouped together
- **Final calculation**: The final metric represents the total USD value of x33 rewards claimed per day, with schema validation applied and zero-fill strategy used to ensure complete time series data without gaps. Chain availability filtering ensures only periods with reliable Sonic blockchain data are included in the results.

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

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x33 rewards claimed

x33 rewards claimed

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