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Infrastructure

Aethir

# Aethir Gross profit Methodology

## 1. Overview

Gross profit for Aethir measures the net profit generated from infrastructure services after deducting the cost of revenue paid to infrastructure providers. This metric answers the fundamental business question: "How much profit does Aethir retain after paying infrastructure providers for their services?" The calculation follows a straightforward approach: Revenue (service fees collected from users) minus Cost of Revenue (payments made to infrastructure providers) equals Gross Profit.

## 2. Data sources

The calculation relies on several key data sources from the Arbitrum blockchain and external systems:

- **Blockchain events**: Parsed Arbitrum `AethirCore_DepositServiceFee_event` logs that capture service fees paid by users to the Aethir protocol, and `AethirCore_ClaimServiceFee_event` logs that identify when infrastructure providers claim their fees
- **Transaction data**: Arbitrum token transfer records that show the actual amounts transferred to infrastructure provider addresses
- **External data**: End-of-day token price feeds for USD conversion and token metadata for decimal place corrections
- **Protocol contracts**: The Aethir core contract on Arbitrum (`0xc87b37a581ec3257b734886d9d3a581f5a9d056c`) which processes both user fee deposits and provider fee claims

## 3. Step-by-step calculation

### Component A: Revenue calculation
- **Purpose**: Calculates total service fees collected from users of Aethir's infrastructure services
- **Logic**: The system extracts all `AethirCore_DepositServiceFee_event` logs from the Aethir core contract on Arbitrum. Each event contains an `amount` field representing service fees paid by users. These amounts are aggregated daily by truncating timestamps to day boundaries. The raw token amounts are then corrected for decimal places using token metadata and converted to USD using end-of-day price feeds. The resulting daily revenue figures are validated and any gaps are filled with zeros using the finalize metric process.
- **Key fields**: `amount` (raw fee amount), `block_timestamp` (transaction timing), `token_address` (fee token), `account_address` (user address)

### Component B: Cost of revenue calculation  
- **Purpose**: Calculates the total amount paid to infrastructure providers as compensation for their services
- **Logic**: The system first identifies `AethirCore_ClaimServiceFee_event` logs which indicate when infrastructure providers claim their earned fees. Each event contains a `provider_address` field identifying the recipient. These events are then matched with corresponding token transfer records using exact matches on block timestamp, transaction hash, and provider address as the recipient. The matching token transfer records contain the actual `value` amounts that were transferred to providers. These amounts are aggregated daily, corrected for token decimals, and converted to USD using end-of-day price feeds.
- **Key fields**: `provider_address` (infrastructure provider), `value` (actual transfer amount), `to_address` (transfer recipient), `block_timestamp` (transaction timing)

### Final aggregation
- **Combining components**: Revenue amounts are treated as positive values while cost of revenue amounts are negated (multiplied by -1) to represent expenses. Both datasets are combined using a union operation, creating a single dataset where revenue contributes positively and costs contribute negatively to the gross profit calculation
- **Currency conversion**: All amounts are converted to USD using end-of-day token price feeds, ensuring consistent currency representation across both revenue and cost components
- **Time aggregation**: Daily aggregation is performed by truncating all timestamps to day boundaries, ensuring both revenue and cost data align to the same time periods
- **Final calculation**: Gross profit is calculated by summing the combined positive revenue and negative cost amounts for each day. The system also applies time boundary alignment by limiting data to the minimum of the maximum timestamps from both revenue and cost datasets, ensuring incomplete periods are excluded. Missing days are filled with zero values to maintain complete time series data.

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

Revenue remaining after subtracting cost of revenue.

AethirATH

Gross profit

Gross profit

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