# Morpho Optimizers Revenue Methodology

## 1. Overview

The portion of fees retained by a project is measured by Revenue, as determined by its take rate. For Morpho Optimizers, this metric is set to zero. The protocol fee switch has not been activated, meaning that all interest and fees generated by the platform are distributed entirely to supply-side participants, such as lenders. Consequently, no revenue is retained by the protocol.

## 2. Data sources

- **None**: This metric is set to a constant value and no blockchain events are consumed

## 3. Step-by-step calculation

### Component A: Revenue allocation

- **Purpose**: The protocol revenue for Morpho Optimizers is assigned.
- **Logic**: Protocol revenue is hardcoded to zero. This is done because the protocol fee switch has not been activated, meaning all interest and fees are distributed directly to supply-side participants.

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

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

Revenue

Lending

Lenders can earn on Morpho using Morpho Vaults, noncustodial simple to use lending vaults that optimize yields for depositors. Borrowers can borrow any assets directly from Morpho Markets. Developers and businesses can use different parts of Morpho’s permissionless infrastructure to build any custom use case or application.

Morpho is an open, efficient, and resilient platform that allows anyone to earn yield and borrow assets. At the same time, developers or businesses can create markets, curate vaults, and build a range of applications on its flexible, immutable infrastructure.

MORPHO tokenholders own and govern the protocol. They currently do not take a cut of the interest and third-party token incentives earned by lenders (revenue). Morpho's investors include a16z, Coinbase Ventures, Semantic Ventures, etc.

Morpho Optimizers

Revenue

Revenue

Chain breakdown