1/ Some quick comments, just so everyone knows we're trying to find a way to standardize this stuff 😃
We currently measure revenue as total fees paid -- since not all projects have fee splits implemented -- to make the revenue figures more comparable.
2/ Trading fee for Kyber is 0.2% = divided 70/30 between KNC holders and LPs.
Trading fee for Balancer is 0.38% (weighted avg) = divided 0/100 between BAL holders and LPs.
So, for Kyber we're not measuring just KNC holder revenues, but the total amount of fees generated.
3/ Right now, we've tried to find one methodology that would be as broadly applicable as possible.
End result: GMV * Take Rate = Revenue
As the crypto space matures, we'll be able to segment projects a lot better based on different factors.
4/ Today, we can segment projects based on where the revenue comes from:
1. Interest paid: Compound, Maker, Kava, Aave, etc.
GMV (outstanding borrows)
Take Rate (weighted avg. interest rate)
Revenue (GMV * Take Rate = total interest paid)
5/ Cont.
2. Transaction fees paid: the rest.
GMV (trading volume)
Take Rate (weighted avg. / constant tx fee)
Revenue (GMV * Take Rate = total tx fees paid)
fin/ Happy to hear how we can improve this!
cc: @alexgausman @mediodelphi @santiagoroel
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