diff --git a/projects/phi/index.js b/projects/phi/index.js
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+++ b/projects/phi/index.js
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+const { sumTokensExport } = require('../helper/unwrapLPs');
+const { nullAddress } = require('../helper/unwrapLPs');
+const { getLogs } = require('../helper/cache/getLogs');
+
+// Phi Protocol - On-chain identity and credentialing protocol
+// Based on https://docs.phi.box/explore-phi/
+
+const PHI_CONTRACTS = {
+  base: {
+    rewards: "0x4E6Ba9980E66DeD2141a6ab724A1FBbbcC0FD309", // PhiRewards contract  
+    cred: "0xbe28Ee6415A82f3BE336097211bE79af6Ce9586c", // Cred contract
+    phiEthFactory: "0x7C9E79683D018830B3a8bfAA1C7eA1b4835007D0", // PhiEthFactory contract
+    fromBlock: 20990053, // Base deployment block - Cred contract deployment
+  }
+};
+
+async function getDeployedHooks(api, contracts) {
+  // Get all hook contracts deployed by PhiEthFactory
+  const logs = await getLogs({
+    api,
+    target: contracts.phiEthFactory,
+    fromBlock: contracts.fromBlock,
+    eventAbi: 'event PhiEthCreated(address indexed phiEthToken, address indexed strategy, address indexed phiEthHook, address creator)',
+    onlyArgs: true,
+  });
+
+  // Extract PhiEth hook addresses and token addresses from factory events
+  const hookAddresses = logs.map(log => log.phiEthHook);
+  const tokenAddresses = logs.map(log => log.phiEthToken);
+  
+  return { hookAddresses, tokenAddresses };
+}
+
+async function tvl(api) {
+  const chain = api.chain;
+  const contracts = PHI_CONTRACTS[chain];
+  
+  if (!contracts) {
+    return {};
+  }
+
+  // Phi Protocol TVL calculation
+  const tokensAndOwners = [];
+  
+  // Add ETH holdings from main contracts
+  if (contracts.rewards) {
+    tokensAndOwners.push([nullAddress, contracts.rewards]);
+  }
+  
+  if (contracts.phiEthFactory) {
+    tokensAndOwners.push([nullAddress, contracts.phiEthFactory]);
+  }
+
+  // Get all deployed hook contracts and tokens from PhiEthFactory
+  const { hookAddresses, tokenAddresses } = await getDeployedHooks(api, contracts);
+  
+  // Add ETH holdings from all deployed hook contracts
+  hookAddresses.forEach(hookAddress => {
+    tokensAndOwners.push([nullAddress, hookAddress]);
+  });
+  
+  // Add ETH holdings from all deployed PhiEth token contracts
+  tokenAddresses.forEach(tokenAddress => {
+    tokensAndOwners.push([nullAddress, tokenAddress]);
+  });
+
+  return api.sumTokens({ tokensAndOwners });
+}
+
+module.exports = {
+  methodology: `Phi Protocol is an open credentialing protocol for on-chain identity. TVL is calculated by summing ETH held in core protocol contracts (PhiRewards, PhiEthFactory) and all hook contracts and PhiEth token contracts deployed by PhiEthFactory on Base network.`,
+  base: {
+    tvl,
+  },
+  timetravel: false,
+  misrepresentedTokens: true,
+  hallmarks: [
+    // Add significant events for Phi Protocol when available
+  ],
+};
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