# Constant Product x33 rewards claimed Methodology

## 1. Overview

The x33 rewards claimed metric is defined as the total USD value of incentives distributed to users through the protocol's reward mechanisms. For Constant Product, these rewards are primarily generated from voting incentives and rebase events. This metric is utilized to quantify the total economic value distributed to participants within the Shadow ecosystem.

## 2. Data sources

- **Blockchain events**: `Compounded` and `Rebased` events from `x33` contracts, covering Sonic
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Reward event extraction for Constant Product

- **Purpose**: Capture the raw quantity of assets distributed through reward mechanisms.
- **Logic**: `Compounded` and `Rebased` events are parsed from `x33` contracts. The reward quantity is extracted from the amount field within these events. Data is filtered to ensure only valid, non-removed event logs are included in the calculation.
- **Key fields**: `amount` (quantity of reward assets).

### Component B: Asset normalization and USD conversion

- **Purpose**: Normalize raw event data into a standardized USD value for cross-asset comparison.
- **Logic**: Extracted reward quantities are normalized by decimal precision based on asset metadata. These normalized amounts are then multiplied by end-of-day price feeds to determine the USD value. The resulting values are aggregated by day using UTC timestamps.
- **Key fields**: `amount` (normalized quantity), `price_usd` (valuation).

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

x33 rewards claimed