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refactor: add a new verified property token to PropChain adapter #14809

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theyashgupta
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Summary
This PR updates the PropChain adapter to include a new verified property-backed token on Polygon, improving TVL accuracy.

Changes:

  • New token added: Included the token at 0x580997c88896FE561D90a5Dd5886211E972026E4 in the PROPERTY_TOKENS array. This token represents a verified real estate asset, and its supply is now accounted for in the TVL.

Impact:

  • Adds ~$26.1M to TVL based on the new property token's valuation.
  • Proof attached in comments below.

@llamabutler
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The adapter at projects/propchain exports TVL:

polygon                   34.79 M

total                    34.79 M 

@nealeCF-prop
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nealeCF-prop commented May 27, 2025

@Define101
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@theyashgupta @nealeCF-prop
Counting as TVL should be only the amount exchanged by the users.
Not the total supply of the assets

https://polygonscan.com/token/0xfa26e9fc1cb8ea03e133a6ad2c5ef4a817c9d44c#balances
https://polygonscan.com/token/0xf6e4f43c1c5f6654d1873577904070b39ca396e6#balances

This cases don't look organic at all, there are only a couple of owners

@Define101
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Are there any secondary markets where those assets can be sold?

@nealeCF-prop
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Hi - I raised a number of questions on the hows and what artefacts to provide 3>4 weeks ago and never got a response. We will supply full details back to you on the properties, ranks and users which are senior / large acquisitions for these assets.

@noateden
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Hi - I raised a number of questions on the hows and what artefacts to provide 3>4 weeks ago and never got a response. We will supply full details back to you on the properties, ranks and users which are senior / large acquisitions for these assets.

I will make this PR as draft, reopen it when you have fill details

@noateden noateden marked this pull request as draft May 28, 2025 15:58
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5 participants