# Deliswap Supply-side fees Methodology

## 1. Overview

Supply-side fees is defined as the share of fees and incentives distributed to service providers, specifically liquidity providers, within Deliswap. The value allocated to participants who facilitate trading activity by providing liquidity to the protocol's pools is captured by this metric. For Deliswap, these distributions are primarily composed of rewards added to gauges to incentivize pool depth and stability.

## 2. Data sources

- **Blockchain events**: `RewardsAdded` events from `DailyEpochGauge` contracts and `Initialize` events from `PoolManager` contracts, covering Base
- **External data**: End-of-day price feeds for the BMX asset

## 3. Step-by-step calculation

### Component A: Pool identification

- **Purpose**: Define the universe of valid Deliswap liquidity pools.
- **Logic**: `Initialize` events are parsed from `PoolManager` contracts to identify active pools. Filtering is applied to include only those pools associated with specific Deliswap hook addresses. This ensures that only activity relevant to the Deliswap product is captured.
- **Key fields**: `pool_address`, `hook_address`

### Component B: Reward extraction

- **Purpose**: Capture the raw value of incentives distributed to liquidity providers.
- **Logic**: `RewardsAdded` events are parsed from `DailyEpochGauge` contracts. The `amount` field is extracted for each transaction and mapped to the corresponding pool address. These events represent the primary mechanism for distributing supply-side value within the Deliswap ecosystem.
- **Key fields**: `amount`, `pool_address`

### Component C: USD conversion and aggregation

- **Purpose**: Normalize reward values into a standardized currency for reporting.
- **Logic**: Extracted reward amounts are normalized by decimal precision. These values are then multiplied by the end-of-day price of the BMX asset. Daily totals are aggregated by summing the USD values across all relevant pools, with boundaries defined by the UTC start of day.
- **Key fields**: `block_timestamp`, `amount`, `token_address`

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

Portion of fees distributed to service providers or supply-side participants.

Supply-side 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

Supply-side fees

Supply-side fees

Chain breakdown