# Cash Supply-side fees Methodology

## 1. Overview

The portion of fees generated by the Cash product that is distributed to supply-side participants is measured by Supply-side fees. For the Cash product, this metric is currently set to zero. All fees generated from user spending are retained as protocol revenue, and no portion of these fees is shared with external service providers or liquidity participants. This is reflected by a model where the full value of the take rate applied to user spend volume is captured by the protocol.

## 2. Data sources

- **None**: This metric is set to a constant value and does not consume blockchain events.

## 3. Step-by-step calculation

### Component A: Supply-side fee allocation

- **Purpose**: To determine the share of fees distributed to supply-side participants.
- **Logic**: Supply-side fees are set to zero for the Cash product. This is because no portion of the fees collected from user spending is distributed to external providers; instead, 100% of the fees are classified as protocol revenue.

*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

Lending

Stakers deposit funds into Ether.fi and receive a return on investment in the form of staking rewards (supply-side fees).

Ether.fi is a non-custodial staking protocol built on Ethereum and other blockchains. Ether.fi was founded by Mike Silagadze and launched in 2023.

Ether.fi team & investors own and govern the protocol. They currently take a cut of the total staking rewards earned by the protocol (revenue). Ether.fi’s investors include North Island Ventures, Chapter One, Node Capital, and Arthur Hayes.

Cash

Supply-side fees

Supply-side fees

Chain breakdown