# Deliswap Token incentives Methodology

## 1. Overview

Token incentives measures the value of native tokens that Deliswap pays out to its supply-side users, core contributors, and investors. These tokens are primarily used to compensate stakeholders, such as liquidity providers, either retroactively or on an ongoing basis to bootstrap liquidity and incentivize platform participation. The metric is analogous to stock-based compensation in traditional finance and reflects the protocol's expenditure on ecosystem growth.

## 2. Data sources

- **Blockchain events**: `Claimed` events from `IncentiveGauge` contracts and `Distribute` events from `RewardDistributor` contracts on Base
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Deliswap gauge incentive tracking

- **Purpose**: Capture rewards distributed to users through the Deliswap incentive gauges
- **Logic**: `Claimed` events are parsed from `IncentiveGauge` contracts on Base. The reward asset address and the distributed amount are extracted from each event to identify the value paid out to participants.
- **Key fields**: `token_address` (reward asset identification), `amount` (quantity of assets distributed)

### Component B: Reward distributor allocation tracking

- **Purpose**: Capture incentives distributed to specific liquidity pools, including the BLT pool
- **Logic**: `Distribute` events are parsed from `RewardDistributor` contracts on Base. The data is filtered to include only transactions associated with specific rewarder addresses designated for protocol incentive programs. The amount of the reward asset is extracted for each distribution event.
- **Key fields**: `token_address` (reward asset identification), `amount` (quantity of assets distributed)

### Component C: Normalization and USD conversion

- **Purpose**: Normalize incentive values and convert them to a common currency for aggregation
- **Logic**: Asset amounts are normalized by their respective decimal precision using asset metadata. Normalized values are multiplied by end-of-day price feeds to calculate the USD value. Daily totals are aggregated by product and chain, with a zero-filling strategy applied to ensure a continuous time series across UTC day boundaries.

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

Value of native tokens distributed as incentives.

Token incentives

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

Token incentives

Token incentives

Chain breakdown