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Moonshot

# Moonshot Supply-side fees Methodology

## 1. Overview

Moonshot fees supply side measures the portion of protocol fees that are distributed to liquidity providers or other supply-side participants on the Moonshot protocol. This metric answers the business question: "How much of the fees collected by Moonshot are shared with users who provide liquidity or other services to the protocol?" The calculation approach identifies all fees collected by Moonshot and determines what portion is allocated to supply-side participants. For Moonshot, this value is consistently zero, indicating the protocol retains 100% of collected fees.

## 2. Data sources

The calculation relies on several key data sources:
- **Solana transfer events**: Native SOL transfer records on the Solana blockchain, specifically transfers directed to Moonshot's fee collection account
- **SPL token transfer events**: Parsed Solana Program Library token transfer events capturing fees paid in various tokens
- **End-of-day price feeds**: Token price data used for USD conversion of collected fees
- **Token metadata**: Information about token decimal places required for proper amount normalization

## 3. Step-by-step calculation

### Component A: SOL fee collection tracking
- **Purpose**: Identifies fees collected by Moonshot in native SOL tokens
- **Logic**: Extracts native SOL transfer events where the recipient is Moonshot's designated fee account `5wkyL2FLEcyUUgc3UeGntHTAfWfzDrVuxMnaMm7792Gk`. Filters out self-transfers by excluding transactions where the signer is the fee account itself. Aggregates transfer amounts by day to determine daily SOL fees collected.
- **Key fields**: `block_timestamp` for daily aggregation, `transaction_signer` for filtering out self-transfers, `to_address` for identifying fee recipient, `amount` for fee values, and `transaction_id` for deduplication

### Component B: SPL token fee collection tracking  
- **Purpose**: Captures fees collected by Moonshot in SPL tokens (non-native Solana tokens)
- **Logic**: Extracts SPL token transfer events where the token recipient owner is Moonshot's fee account. Similar to SOL tracking, excludes self-transfers by filtering out transactions signed by the fee account. Aggregates token amounts by day, chain, and token address to determine daily fees by token type.
- **Key fields**: `block_timestamp` for daily aggregation, `transaction_signer` for self-transfer exclusion, `to_owner_address` for identifying fee recipient, `token_address` for token identification, and `amount` for fee quantities

### Component C: Fee aggregation and USD conversion
- **Purpose**: Combines SOL and SPL token fees into a unified daily fee total in USD
- **Logic**: Unions the daily aggregated SOL and SPL token fee streams. Groups by timestamp, chain, and token address, summing amounts for each combination. Applies decimal correction based on token metadata to normalize amounts to standard units. Converts all fee amounts to USD using end-of-day price feeds, ensuring consistent currency representation.
- **Key fields**: `timestamp` truncated to day boundaries, `chain_id` set to 'solana', `token_address` for price lookup, and `fees` containing USD-converted amounts

### Component D: Supply-side allocation calculation
- **Purpose**: Determines what portion of total fees are allocated to supply-side participants
- **Logic**: Takes the total USD fees calculated in Component C and applies Moonshot's fee distribution model. For Moonshot, the `fees_supply_side` value is hardcoded to 0, indicating that the protocol does not share any collected fees with liquidity providers, market makers, or other supply-side participants.
- **Key fields**: `fees_supply_side` set to 0 for all records, maintaining the same timestamp and identification fields from the total fees

### Final aggregation
- **Combining components**: The supply-side fees are derived directly from the total fees calculation but with the allocation percentage set to zero
- **Currency conversion**: All fee amounts are converted to USD using end-of-day token price feeds with proper decimal correction applied
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation to day level
- **Final calculation**: The final metric value is 0 USD for all time periods, representing Moonshot's business model where the protocol retains all collected fees rather than sharing them with 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.

Moonshot

Supply-side fees

Supply-side fees

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