Swappers provide liquidity and execute trades. They receive trading fees charged for each swap.

Mean Finance is a protocol that enables users to Dollar Cost Average (DCA) any ERC20 into any ERC20 with their preferred period frequency.

Mean Finance team owns and governs the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

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Mean Finance

# Mean Finance Token incentives Methodology

## 1. Overview

The Mean Finance token incentives metric represents the dollar value of tokens distributed as incentives to protocol users. This metric is currently set to zero for all time periods, indicating that Mean Finance does not distribute token incentives to users. The calculation maintains the same structural framework as other Mean Finance metrics (fees and revenue) but explicitly sets the token incentives value to 0 across all chains, time periods, and protocol components.

## 2. Data sources

The token incentives metric utilizes the following data sources for structural consistency, though the final values are set to zero:

- **Blockchain events**: Parsed `DCAHub_Swapped_event` logs from Ethereum, Optimism, Polygon, Arbitrum, and BSC containing platform fee information from decentralized trading activity
- **Factory contract events**: ERC4626 token creation events from various factory contracts including `StakeableEulerERC4626Factory_CreateERC4626_event`, `EulerERC4626Factory_CreateERC4626_event`, `AaveV3ERC4626Factory_CreateERC4626_event`, `VenusERC4626Factory_CreateERC4626_event`, and `BeefyWrapperFactory_ProxyCreated_event`
- **Token approval data**: BSC `ERC20_Approval_event` logs used to identify Beefy Wrapper token addresses
- **External data**: End-of-day token price feeds for USD conversion and token metadata for decimal correction
- **Transaction data**: Blockchain transaction logs containing swap execution details and fee collection records

## 3. Step-by-step calculation

### Component A: Revenue data structure
- **Purpose**: Establishes the foundational data structure and time series framework for token incentives
- **Logic**: Extracts platform fees from DCA Hub swap events across five blockchain networks. The system identifies swap transactions through `DCAHub_Swapped_event` logs and extracts platform fee amounts from the tokens platformFee field within the swap information structure. Revenue data is aggregated daily by chain, business line, market sector, business segment, and version. The calculation also incorporates ERC4626 token creation events to map vault addresses to underlying token addresses, ensuring comprehensive coverage of protocol revenue streams.
- **Key fields**: `block_timestamp` for daily aggregation, `platformFee` amounts for revenue calculation, tokens token for token identification, and vault/asset address mappings from factory events

### Component B: Fee calculation framework  
- **Purpose**: Provides the structural template used for token incentives calculation
- **Logic**: Multiplies the revenue amounts by a factor of 4 to calculate total fees paid by users. This calculation applies the standard Mean Finance fee structure where total fees are four times the platform's revenue share. The fee data maintains daily granularity and includes all necessary dimensional attributes like chain identifiers, product identifiers, and timestamps. USD conversion is applied using end-of-day price feeds with appropriate decimal corrections based on token metadata.
- **Key fields**: `revenue` amounts multiplied by fee multiplier, `timestamp` for daily boundaries, `chain_id` for cross-chain aggregation, and `product_id` for protocol component identification

### Component C: Token incentives override
- **Purpose**: Sets token incentives to zero while maintaining data structure consistency
- **Logic**: Takes the complete fee calculation framework and replaces all fee amounts with zero to indicate no token incentives are distributed. This approach ensures the token incentives metric maintains the same dimensional structure, time series completeness, and data quality as other protocol metrics. The system preserves all timestamp, chain, and product identifiers while explicitly setting the incentive amounts to 0.
- **Key fields**: `token_incentives` set to 0, inherited `timestamp`, `timestamp_grain`, `product_id`, and `chain_id` fields

### Final aggregation
- **Combining components**: The token incentives metric inherits the complete structural framework from the fee calculation but overrides all monetary values with zero
- **Currency conversion**: While USD conversion logic is present in the underlying revenue calculation, the final token incentives values are set to 0 regardless of currency
- **Time aggregation**: Daily aggregation boundaries are maintained with timestamp truncation to day granularity, ensuring consistent time series reporting
- **Final calculation**: The final metric value is always 0, indicating Mean Finance does not currently distribute token incentives to protocol users. The calculation applies finalization macros to ensure schema validation, forward-fill any data gaps with zeros, and apply chain availability filtering to maintain data quality standards.

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

Value of native tokens distributed as incentives.

Mean Finance

Token incentives

Token incentives

Competitive landscape

Chain breakdown