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 Total value locked Methodology

## 1. Overview

SolidLizard TVL (Total Value Locked) measures the total USD value of assets deposited in SolidLizard decentralized exchange liquidity pools on Arbitrum. The metric represents the cumulative net deposits into the protocol, calculated by tracking daily changes in liquidity pool reserves and converting them to USD values. This provides insight into the protocol's ability to attract and retain liquidity providers.

## 2. Data sources

The calculation relies on several key data sources:

- **SolidLizard blockchain events**: Parsed `PairCreated` events from the SolidLizard PairFactory contract on Arbitrum, containing trading pair creation data with token0, token1, and pair contract addresses
- **Liquidity pool events**: Parsed `Sync` events from SolidLizard Pair contracts on Arbitrum, which emit current reserve amounts (reserve0, reserve1) whenever liquidity changes occur
- **Token metadata**: Token information including symbols and decimal places for proper amount calculations
- **End-of-day price feeds**: Daily USD price data for tokens involved in SolidLizard trading pairs

## 3. Step-by-step calculation

### Component A: Trading pair identification
- **Purpose**: Identifies all SolidLizard trading pairs and their constituent tokens
- **Logic**: Extracts data from `PairCreated` events emitted by the SolidLizard PairFactory contract on Arbitrum. Each event contains the addresses of two tokens (token0 and token1) and the newly created pair contract address. This data is enriched with token metadata including symbols and decimal places by joining with token reference data.
- **Key fields**: `account_address` (pair contract), `token0_address`, `token1_address`, `token0_decimals`, `token1_decimals`, `account_name` (formatted as token0-token1 symbol pair)

### Component B: Reserve tracking
- **Purpose**: Captures the current token balances in each liquidity pool over time
- **Logic**: Processes `Sync` events from SolidLizard Pair contracts, which are emitted whenever liquidity changes occur (deposits, withdrawals, swaps). Each event contains `reserve0` and `reserve1` values representing the current token balances in the pool. These raw amounts are corrected for decimal places by dividing by 10^token_decimals to convert from wei-like units to standard token units.
- **Key fields**: `block_timestamp`, `account_address`, `reserve0_amount`, `reserve1_amount` (after decimal correction)

### Component C: Daily asset flow calculation
- **Purpose**: Determines daily net changes in liquidity pool reserves
- **Logic**: Aggregates reserve data to daily boundaries by taking the last recorded reserve value for each trading pair on each day. Then calculates the net change in reserves by comparing each day's reserves to the previous day using a lag function. For the first day of data for each pair, the entire reserve amount is treated as the initial deposit. This approach captures net liquidity flows including new deposits, withdrawals, and the compounding effects of trading fees.
- **Key fields**: `timestamp` (daily), `token0_amount`, `token1_amount` (daily net changes)

### Component D: USD conversion
- **Purpose**: Converts daily token amount changes to USD values
- **Logic**: Joins daily asset flows with end-of-day token price feeds based on timestamp, token address, and chain. Each token's daily net change is multiplied by its corresponding USD price. If price data is unavailable for a token, the value defaults to zero. The USD values for both tokens in each trading pair are summed together.
- **Key fields**: `price_usd`, `net_deposits` (calculated as price0 × token0_amount + price1 × token1_amount)

### Final aggregation
- **Combining components**: Daily net deposits are summed across all SolidLizard trading pairs to calculate the protocol's total daily net deposits
- **Currency conversion**: All amounts are converted to USD using end-of-day price feeds, with missing prices treated as zero value
- **Time aggregation**: Data is aggregated to daily boundaries with gaps filled using zeros to ensure continuous time series
- **Final calculation**: TVL equals the net deposits value, representing the cumulative USD value of net liquidity changes in the protocol. This approach treats TVL as the sum of all historical net deposits, which effectively measures the total value currently locked in the protocol's liquidity pools.

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

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

SolidLizardSLIZ

Total value locked

Total value locked

Competitive landscape