Stakers deposit funds into Jito and receive a return on investment in the form of staking rewards (supply-side revenue). Note: fee, revenue and supply-side fees currently only include validator tips.

Jito is a non-custodial liquid staking protocol built on Solana. Jito was founded by Zano Sherwani and Lucas Bruder and launched in 2022.

Jito team and investors own and govern the protocol. They currently don’t take a cut of the total return on investment (revenue).

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# Jito Supply-side fees Methodology

## 1. Overview

Supply-side fees represent the portion of total Jito MEV fees that are distributed to validators and other supply-side participants in the Jito ecosystem. This metric answers the question: "How much value flows to the supply side (validators) versus being retained by the protocol?" The calculation follows the formula: supply-side fees = total fees - protocol revenue, where protocol revenue is currently set at 3% of total fees based on governance decisions.

## 2. Data sources

- **Jito MEV tips data**: External scraper data containing historical validator tips and Jito tips aggregated from the Jito ecosystem (used for historical data before 2025)
- **Solana native transfers**: On-chain SOL transfers to specific Jito fee collection addresses extracted from Solana blockchain transaction data (used for current data from 2025 onwards)
- **End-of-day price feeds**: SOL token price data for USD conversion
- **Governance parameters**: Protocol revenue percentage (currently 3%) and implementation dates

The data sources transition from external scraper data to on-chain transfers at January 1st, 2025, representing a shift in data collection methodology.

## 3. Step-by-step calculation

### Component A: Historical MEV fees (before 2025)
- **Purpose**: Calculate total daily MEV fees from Jito's historical scraper data
- **Logic**: Extract daily MEV tips data from external scraper, combining `validator_tips` and `jito_tips` fields. Filter for records before January 1st, 2025. Use most recent record for each day based on `inserted_at` timestamp to handle potential duplicates. The token address is set to SOL's standard identifier.
- **Key fields**: `validator_tips` (tips going to validators), `jito_tips` (tips going to Jito), `daily_timestamp` (date of MEV activity)

### Component B: On-chain fee collection (2025 onwards)  
- **Purpose**: Calculate total daily fees from actual on-chain SOL transfers to Jito fee collection addresses
- **Logic**: Identify SOL transfers to eight hardcoded Jito fee collection addresses from Solana native transfer data. Filter for transactions from January 1st, 2025 onwards. Convert amounts from lamports to SOL by dividing by 1e9. Group by daily timestamp and sum all transfer amounts to get daily totals.
- **Key fields**: `amount` (transfer amount in lamports), `to_address` (Jito fee collection addresses), `block_timestamp` (transaction timestamp), `transaction_signer` (fee payer)

### Component C: Revenue calculation
- **Purpose**: Calculate protocol revenue as a percentage of total fees
- **Logic**: Take 3% of total daily fees as protocol revenue, but only for dates from March 10th, 2025 onwards when this revenue sharing model was fully implemented. Before this date, revenue is treated as zero. This 3% represents the governance-decided protocol fee.
- **Key fields**: `fees` (daily total fees), calculated `revenue` (3% of fees where applicable)

### Final aggregation
- **Combining components**: Union historical MEV fees with on-chain fee data to create complete daily fee series. Convert all amounts to USD using end-of-day SOL price feeds. Revenue is calculated separately as a percentage of the combined fees.
- **Currency conversion**: Apply end-of-day SOL/USD exchange rates to convert native SOL amounts to USD values. No decimal correction is needed as SOL amounts are already in standard units.
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation. Time zones are handled consistently across all data sources.
- **Final calculation**: Supply-side fees equals total fees minus protocol revenue. This is implemented by taking positive fees from the fees model and adding negative revenue from the revenue model, effectively subtracting revenue from total fees. The result represents the amount distributed to validators and other supply-side participants.

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

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

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