Etherfuse listing

[okolicodes7]

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Name (to be shown on DefiLlama):

Etherfuse

Twitter Link:

https://x.com/etherfuse

Website Link:

https://www.etherfuse.com/

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

https://cdn.prod.website-files.com/66bb8b91d983591ffeaacbce/66c607d9ce8ebfdd4ef6ac77_etherfuse-logo-light.svg

Chain:

Solana, Base, Polygon

Current TVL:

279.11 k

Short Description (to be shown on DefiLlama):

Stablebonds are tokenized real-world assets (RWAs) backed by government-issued bonds from stable economies such as the USA, Mexico, and the European Union.

Token address and ticker if any:

CETES7CKqqKQizuSN6iWQwmTeFRjbJR6Vw2XRKfEDR8f
USTRYnGgcHAhdWsanv8BG6vHGd4p7UGgoB9NRd8ei7j

Category (full list at https://defillama.com/categories) *Please choose only one:

Real World Assets

methodology (what is being counted as tvl, how is tvl being calculated):

The TVL is calculated as the sum of the USD value of all the pools, in which any stablebonds/ USDC is contained and is also calculated with the contract balance of the contract that holds USDC that is deposited during the minting process of any stablebond.

[okolicodes7]

Good day @waynebruce0x I've been trying to compute the tvl sum on my local machine and it has been showing this error:

fetching sol token balances for 6 owners solana
Request failed with status code 429
Error in solana: Error: Failed to post https://api.mainnet-beta.solana.com
    at Object.post (/Users/godspeed/Defillama-Adapter/DefiLlama-Adapters/projects/helper/http.js:52:11)
    at process.processTicksAndRejections (node:internal/process/task_queues:105:5)
    at async /Users/godspeed/Defillama-Adapter/DefiLlama-Adapters/projects/helper/solana.js:289:29
    at async runInChunks (/Users/godspeed/Defillama-Adapter/DefiLlama-Adapters/projects/helper/solana.js:412:22)
    at async sumTokens2 (/Users/godspeed/Defillama-Adapter/DefiLlama-Adapters/projects/helper/solana.js:236:20)
    at async getTvl (/Users/godspeed/Defillama-Adapter/DefiLlama-Adapters/test.js:53:21)
    at async /Users/godspeed/Defillama-Adapter/DefiLlama-Adapters/test.js:189:11
    at async Promise.all (index 0)
    at async Promise.all (index 1)
    at async /Users/godspeed/Defillama-Adapter/DefiLlama-Adapters/test.js:215:3

This same error has been showing with other already listed project files (live on defillama already) and it's common with projects that use the solana helper file

[waynebruce0x]

Yes please use a different RPC

[llamabutler]

The adapter at projects/etherfuse exports TVL:

solana                    279.11 k

total                    279.11 k 

[okolicodes7]

@waynebruce0x I couldn't get my hands on any free rpc that doesn't time out (couldn't get a paid one either so..) and so i added a little delay in the code and it works properly now

[waynebruce0x]

Is it possible to track the collateral backing these tokens rather than the paired assets in the Orca pools?

[okolicodes7]

@waynebruce0x yes it's possible as the first address on the code (2cbUAqNoySYkG5R7edjm1WLXgtty6PeCRDVJ7zZbodQm ) is the address that tracks usdc deposits during the time of mint of the individual tokens.
But i thought the pools were supposed to be part of the tvl calculation since they hold up locked up value that is used to swap these tokens for usdc?

[waynebruce0x]

No, we should just count the mint deposits. The Orca liquidity is Orca TVL

[llamabutler]

The adapter at projects/etherfuse exports TVL:

solana                    25.16 k

total                    25.16 k 

[okolicodes7]

@waynebruce0x I've removed orca markets and left only the mint deposit contract