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Infrastructure

Aethir

# Aethir Earnings Methodology

## 1. Overview

Aethir earnings represents the net profit generated by the Aethir decentralized cloud infrastructure protocol. The metric is calculated by subtracting total expenses from revenue, where revenue comes from service fees paid by users for infrastructure services, and expenses include both cost of revenue (payments to service providers) and token incentive distributions. This metric answers the fundamental question of Aethir's profitability as a decentralized infrastructure marketplace.

## 2. Data sources

The calculation relies on the following raw data sources:
- **Blockchain events**: Parsed Arbitrum event logs from the Aethir core contract (`0xc87b37a581ec3257b734886d9d3a581f5a9d056c`) including `DepositServiceFee`, `ClaimServiceFee`, and `ClaimReward` events
- **Transaction data**: Arbitrum token transfer records to capture actual token movement amounts
- **External data**: End-of-day token price feeds for USD conversion and token metadata for decimal corrections
- **Data types**: Smart contract event logs, token transfer records, and pricing data aggregated at daily intervals

## 3. Step-by-step calculation

### Component A: Revenue from service fees
- **Purpose**: Captures revenue generated from users paying for Aethir infrastructure services
- **Logic**: Extract `DepositServiceFee` events from the Aethir core contract on Arbitrum. These events contain the `amount` field representing fees paid by users for accessing cloud infrastructure services. Events are filtered by the specific Aethir contract address and aggregated daily by timestamp, chain, and token address. The amounts are converted to USD using end-of-day price feeds and corrected for token decimals.
- **Key fields**: `block_timestamp` for daily aggregation, `address` as account address, `amount` as the fee value, and `token_address` for the payment token

### Component B: Cost of revenue
- **Purpose**: Calculates payments made to infrastructure service providers as operational costs
- **Logic**: Start with `ClaimServiceFee` events from the Aethir contract, which contain provider addresses in the `provider` field. Join these events with Arbitrum token transfer records where the `to_address` matches the provider address, ensuring transfers occur in the same transaction and timestamp. This captures the actual token amounts transferred to providers as service fee payments. Aggregate daily and convert to USD with decimal correction.
- **Key fields**: `provider` address for joining with transfers, `value` from token transfers as the payment amount, `block_timestamp` and `transaction_hash` for accurate matching

### Component C: Token incentives
- **Purpose**: Captures token-based reward distributions as additional operational expenses  
- **Logic**: Extract `ClaimReward` events from the Aethir contract and join with token transfer records using the same matching logic as cost of revenue. The `provider` field from reward events is matched against `to_address` in transfers, with transaction hash and timestamp validation to ensure accurate amount capture. These represent reward tokens distributed to participants in the Aethir network. Aggregate daily and convert to USD.
- **Key fields**: `provider` address from reward events, `value` from token transfers representing reward amounts, matching fields for transaction validation

### Component D: Total expenses calculation
- **Purpose**: Combines all operational expenses for comprehensive cost tracking
- **Logic**: Sum the daily cost of revenue and token incentives for each combination of date, chain, and product. This creates a unified expenses metric that captures both direct service provider payments and incentive distributions. Apply zero-filling strategy for days without expense activity to maintain time series continuity.
- **Key fields**: Aggregated `cost_of_revenue` and `token_incentives` values, summed as total `expenses`

### Final aggregation
- **Combining components**: Revenue and total expenses are combined using the `calculate_earnings` macro, which subtracts expenses from revenue for each day, chain, and product combination
- **Currency conversion**: All token amounts are converted to USD using end-of-day price feeds, with decimal corrections applied based on token metadata to ensure accurate valuation
- **Time aggregation**: All events are aggregated at daily granularity using timestamp truncation, with zero-fill strategy applied to maintain continuous time series
- **Final calculation**: Earnings equals daily revenue minus daily total expenses (cost of revenue plus token incentives), calculated separately for each chain and product combination to provide comprehensive profitability metrics

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Net profit (also profits, net income, profitability) — revenue remaining after subtracting expenses.

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