# Deliswap Fees Methodology

## 1. Overview

Fees measures the total value paid by users to interact with Deliswap. This metric represents the gross economic value generated by trading activities and liquidity provision within the product's pools. Fees are primarily collected in wBLT and are used to compensate protocol participants and liquidity providers.

## 2. Data sources

- **Blockchain events**: `Initialize` events from `PoolManager` contracts and `FeeCollected` events from `FeeProcessor` contracts, covering Base
- **External data**: End-of-day price feeds for assets

## 3. Step-by-step calculation

### Component A: Deliswap pool identification

- **Purpose**: To identify the specific liquidity pools belonging to the Deliswap product
- **Logic**: Deliswap pools are identified by monitoring `Initialize` events from `PoolManager` contracts. Only events associated with the specific Deliswap V4 or AMM hook addresses are included in the registry. This process establishes the mapping between pool identifiers and their constituent assets.
- **Key fields**: `pool_address`, `hook_address`, `token_address_0`, `token_address_1`

### Component B: Deliswap fee extraction

- **Purpose**: To capture the raw fee amounts generated by user transactions
- **Logic**: `FeeCollected` events are parsed from `FeeProcessor` contracts. Data is filtered to exclude internal swaps, ensuring that only organic user-generated fees are captured while protocol-led buybacks are ignored. The total amount field is extracted for each valid event and joined with the pool registry to ensure product attribution.
- **Key fields**: `total_amount`, `pool_address`, `is_internal_swap` flag

### Component C: USD conversion and aggregation

- **Purpose**: To normalize fee values to a common currency for reporting
- **Logic**: Extracted fee amounts are associated with the wBLT asset. Values are normalized by decimal precision and converted to USD using end-of-day price feeds. Daily totals are calculated using UTC day boundaries.
- **Key fields**: `block_timestamp`, `total_amount`, `price_usd`

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

Total value users pay to use a protocol (gross fees, user-paid fees).

Fees

Exchanges (DEX)

Liquidity providers deposit funds into BMX and receive trading fees from traders (supply-side fees).

BMX is a non-custodial exchange for spot and perpetual contracts built on Base. BMX has three product lines: Classic, Freestyle, and Based MediaX

BMX tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

Deliswap

Archived

Fees

Fees

Chain breakdown