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update liquid slicing protocol tvl calculation methodology #12911

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@libaice libaice commented Dec 30, 2024

NOTE

Please enable "Allow edits by maintainers" while putting up the PR.


  • If you would like to add a volume adapter please submit the PR here.
  • If you would like to add a liquidations adapter, please refer to this readme document for details.
  1. Once your adapter has been merged, it takes time to show on the UI. If more than 24 hours have passed, please let us know in Discord.
  2. Sorry, We no longer accept fetch adapter for new projects, we prefer the tvl to computed from blockchain data, if you have trouble with creating a the adapter, please hop onto our discord, we are happy to assist you.
  3. Please fill the form below only if the PR is for listing a new protocol else it can be ignored/replaced with reason/details about the PR
  4. For updating listing info It is a different repo, you can find your listing in this file: https://github.com/DefiLlama/defillama-server/blob/master/defi/src/protocols/data2.ts, you can edit it there and put up a PR
  5. Do not edit/push package-lock.json file as part of your changes, we use lockfileVersion 2, and most use v1 and using that messes up our CI
  6. No need to go to our discord and announce that you've created a PR, we monitor all PRs and will review it asap

Name (to be shown on DefiLlama):

LSP.Finance

Twitter Link:

https://x.com/LSP_Fi

List of audit links if any:
Website Link:

https://www.lsp.network/

Logo (High resolution, will be shown with rounded borders):

https://icons.llamao.fi/icons/protocols/lsp.finance

Current TVL:

1.7 M

Treasury Addresses (if the protocol has treasury)
Chain:

Manta/ Aleo/ BSC

Coingecko ID (so your TVL can appear on Coingecko, leave empty if not listed): (https://api.coingecko.com/api/v3/coins/list)
Coinmarketcap ID (so your TVL can appear on Coinmarketcap, leave empty if not listed): (https://api.coinmarketcap.com/data-api/v3/map/all?listing_status=active,inactive,untracked&start=1&limit=10000)
Short Description (to be shown on DefiLlama):

Elevate Staking. Maximize Earnings. Capture the Next Alpha

Token address and ticker if any:
Category (full list at https://defillama.com/categories) *Please choose only one:
Oracle Provider(s): Specify the oracle(s) used (e.g., Chainlink, Band, API3, TWAP, etc.):
Implementation Details: Briefly describe how the oracle is integrated into your project:
Documentation/Proof: Provide links to documentation or any other resources that verify the oracle's usage:

https://docs.lsp.finance/

forkedFrom (Does your project originate from another project):
methodology (what is being counted as tvl, how is tvl being calculated):
  1. calculation the underlying tvl by calling the f/sToken contract on arbitrum
  2. get the aleo/manta/bnb price
  3. summarize(tvl * price) them all
Github org/user (Optional, if your code is open source, we can track activity):

@llamabutler
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The adapter at projects/liquidity-slicing exports TVL:

arbitrum                  1.45 M

total                    1.45 M 

@libaice
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libaice commented Dec 30, 2024

Hi , I cannot find the aleo token price on coreAsset.json, so I wrote a fixed price here .

We have 5 pools now (fManta/ sAleo /fAleo/ sAleo/ fBNB)

  • the fManta pool tvl is 169900
  • the sManta pool tvl is 107589
  • the fAleo pool tvl is 348878
  • the sAleo pool tvl is 1171196
  • the fBNB pool tvl is 0.515

manta token price is 0.854, aleo token price is 0.956, and BNB token price is 695

so the result of lsp.finance's tvl is

(169900 + 107589) * 0.854 + (348878 + 1171196) * 0.956 + 0.515 * 695 = $1690524

@waynebruce0x waynebruce0x self-assigned this Dec 30, 2024
@llamabutler
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The adapter at projects/liquidity-slicing exports TVL:

arbitrum                  1.60 M

total                    1.60 M 

@libaice
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libaice commented Dec 30, 2024

Hi @waynebruce0x I updated the price calculation by using coingecko: API , you can help me merge this PR , thank you 💗

@libaice
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libaice commented Jan 2, 2025

Yes, our tvl() view method returns the actual amount of tokens calculated by our nodes

@waynebruce0x
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how can we know that this calculation is accurate and fair? the contract is closed source. Can we please use auditable logic here

@libaice
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libaice commented Jan 2, 2025

Yes, Our Contract is Under Audit , May I add u to our repo , and you can review our smart contract code ?

@waynebruce0x
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We need to contracts to be verified first so we can check the logic, or use a more transparent calculation.

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3 participants