Tokemak QA (Ethereum) Schema Version 1.3.0 Subgraph Version 1.0.0 Methodology Version 1.0.0

[bye43]

Description	Value
Subgraph Reviewed	https://subgraphs.messari.io/subgraph?endpoint=https://api.thegraph.com/subgraphs/name/messari/tokemak-ethereum&tab=protocol
Date Reviewed	July 14 2022
Schema Version	1.2.0
Subgraph Version	1.0.0
Methodology Version	1.0.0
Evidence Spreadsheet	https://docs.google.com/spreadsheets/d/1Q3ZvobLGkFPFQ2zDV6ONt5uMrrGeYCLN67lKaBJJmzQ/edit?usp=sharing

Metrics To Review

Protocol Metrics

Section	Metric	Issue
financialsDailySnapshots dailySupplySideRevenueUSD OK		Not sure on this one, there are positive values being output, which seems correct if we are counting the emission of TOKE to LPs as supply side revenue since it is to my knowledge that LPs do not get the actual yield from their assets, but are given TOKE that is equivalent to their yield
financialsDailySnapshots	cumulativeSupplySideRevenueUSD	Same as daily
financialsDailySnapshots	dailyProtocolSideRevenueUSD	Not sure on this one, but going to make a note. Currently, this is outputting 0. I couldn't find anything in the Tokemak README about how we are calculating revenue from Tokemak, but token terminal is outputting a value for this that is based on the buyback of TOKE. If we are not using this methodology then protocolSideRevenue should be 0, so this might be ok.
financialsDailySnapshots	cumulativeProtocolSideRevenueUSD	Same as daily
financialsDailySnapshots	dailyTotalRevenueUSD	This value is 0 when there dailySupplySide revenue has positive values
financialsDailySnapshots	cumulativeTotalRevenueUSD	This is also 0, when there should be positive increasing values

Pool Overview

Pool	Metric	Issue
All Pools	ALL	No outputs for any of the pools here

Pool Metrics

Pool	Section	Metric	Issue
TokemakWethPool	vaultDailySnapshots	rewardTokenEmissionsAmount [0]	Should be rewards via TOKE
TokemakWethPool	vaultDailySnapshots	rewardTokenEmissionsUSD [0]	Should be output here since reward token is TOKE
TokemakWethPool	vaultHourlySnapshots	rewardTokenEmissionsAmount [0]	Same as daily
TokemakWethPool	vaultHourlySnapshots	rewardTokenEmissionsUSD [0]	same as daily

[bye43]

First issue:

Second issue:

[bye43]

In tokemak, the rewards (only source of revenue) is calculated offline and I remember that there were some plans made by the tokemak team to move all the rewards logic on chain, but still now no progress is made. Due to this we will not be able to populate (protocolSideRevenue and per vault SupplySideRevenue & protocolSideRevenue). We will only be able to get the supplySideRevenue earned by the whole protocol.

Because of this above, we will hold off on supporting Tokemak till revenues are onchain.