Data sources: Zerion API (via Cloudflare Worker proxy) for token balances, DeFi positions and USD prices. Etherscan for on-chain BAL supply. Where no source covers a chain or a contract, the dashboard falls back to the attested address list (measured on-chain 18 September 2026, DefiLlama prices) and labels the row as such.

Tiers. Distributable is what the DAO could send to the main Treasury and distribute today; Balancer Onchain Ltd counts here, as its collected fees are treasury property. Time-locked value exists but is not yet available and is excluded from the headline NAV until its unlock date. Excluded is the OpCo operating account, which is partly committed spend and feeds no NAV figure at all — it appears only so the address map is complete.

BAL exclusion is fractional. Native BAL is excluded outright. Anything that resolves into BAL — the 80/20 BAL/WETH pool token, rAURA and auraBAL — is exited proportionally, so only its ETH leg (20.45% of value) counts toward NAV.

Double counting. Wallet and DeFi positions are fetched separately per bucket and merged with receipt-token dedup, so a wrapped position is never counted twice. The v3 buffers are held by the Vault contract rather than the Treasury Safe, which is why they need their own bucket.

Excluded by policy — this is why the total will not tie to DeBank or DefiLlama:

See Karpatkey and Octav for additional reporting.