Liquidity providers deposit funds into SolidLizard and stake their LP tokens to receive SLIZ tokens (token incentives).

SolidLizard is a non-custodial exchange protocol built on Arbitrum. SolidLizard was founded by an anonymous team and launched in 2023.

SLIZ tokenholders own and govern the protocol. They vote for pools where they wish to receive trading fees and external bribes from, while pools receive SLIZ emissions in respect to their share of votes.

twitter

discord

etherscan

website

Exchanges (DEX)

SolidLizard

# SolidLizard Token incentives Methodology

## 1. Overview

The SolidLizard token incentives metric measures the total value of SLIZ tokens distributed as liquidity mining rewards to users on the SolidLizard DEX protocol. This metric tracks the daily USD value of incentive payments claimed by liquidity providers, providing insight into the protocol's spending on user acquisition and retention through token rewards.

## 2. Data sources

- **Blockchain events**: Parsed Arbitrum event logs from SolidLizard protocol contracts including `Gauge_ClaimRewards` events for reward distributions, `Voter_GaugeCreated` events for gauge-to-pool mappings, and `PairFactory_PairCreated` events for trading pair creation
- **Token metadata**: Token symbols, decimals, and contract addresses for proper identification and display formatting
- **External data**: End-of-day price feeds for SLIZ token to enable USD conversion of reward amounts

## 3. Step-by-step calculation

### Component A: Liquidity incentive payments
- **Purpose**: Extract all SLIZ token reward claims made by users from liquidity mining gauges
- **Logic**: Filters Arbitrum `Gauge_ClaimRewards` events to capture when users claim their accumulated liquidity mining rewards. Each event contains the gauge contract address, timestamp, and amount of SLIZ tokens claimed. The SLIZ token address is hardcoded as `0x463913d3a3d3d291667d53b8325c598eb88d3b0e` for the SolidLizard v1 deployment on Arbitrum.
- **Key fields**: `block_timestamp` for timing, `address` as the gauge contract address, `amount` as the SLIZ tokens claimed, `transaction_hash` and `log_index` for unique identification

### Component B: Gauge-to-pool mapping
- **Purpose**: Map gauge addresses to their underlying liquidity pool addresses to identify which trading pairs generated the rewards
- **Logic**: Uses `Voter_GaugeCreated` events which are emitted when new gauges are created for specific liquidity pools. Each event maps a gauge address (`gauge`) to its corresponding pool address (`pool`), enabling the connection between reward claims and the specific trading pairs that earned those rewards.
- **Key fields**: `gauge` as the incentive account address, `pool` as the exchange account address

### Component C: Trading pair enrichment  
- **Purpose**: Enrich pool addresses with readable trading pair names and token metadata
- **Logic**: Joins pool addresses from Component B with `PairFactory_PairCreated` events to get the token addresses for each trading pair (`token0` and `token1`). Then joins with token metadata to retrieve token symbols and decimals, creating readable pool names by concatenating the token symbols (e.g., "ETH-USDC").
- **Key fields**: `pair` as the pool address, `token0` and `token1` addresses, token symbols and decimals from metadata

### Final aggregation
- **Combining components**: Joins liquidity incentive payments (Component A) with gauge-to-pool mappings (Component B) using the gauge address, then joins with trading pair enrichment (Component C) using the pool address to create a complete view of rewards claimed per trading pair
- **Currency conversion**: Applies USD conversion using end-of-day price feeds for SLIZ tokens, with decimal correction to account for the token's 18 decimal precision
- **Time aggregation**: Groups data by day using timestamp truncation to the daily grain, aggregating all reward claims within each 24-hour period
- **Final calculation**: Sums the USD value of all SLIZ token rewards claimed per day, segmented by chain, trading pair, and business classification fields (Exchange AMM business line, exchanges market sector, dex business segment)

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

Value of native tokens distributed as incentives.

SolidLizardSLIZ

Token incentives

Token incentives

Competitive landscape