# Pendle Limit Order Supply-side fees Methodology

## 1. Overview

Supply-side fees for Pendle Limit Order are defined as the share of transaction fees distributed to external service providers or liquidity providers. For Pendle Limit Order, including all activity within Boros markets, this metric is set to zero. 100% of the fees generated by these products are classified as protocol revenue, and no portion is currently allocated to supply-side participants.

## 2. Data sources

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

## 3. Step-by-step calculation

### Component A: Supply-side fee allocation

- **Purpose**: To determine the portion of fees distributed to supply-side providers.
- **Logic**: Supply-side fees are calculated as the difference between total fees and protocol revenue. For both Pendle Limit Order and Boros markets, 100% of the total fees collected is allocated to protocol revenue. As a result, the supply-side fee component is calculated as zero across all supported chains, including Arbitrum, Ethereum, Base, and 9 other chains.
- **Key fields**: `fees` (total fees), `revenue` (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

Exchanges (DEX)

Users deposit yield-bearing tokens into Pendle Markets. The yield-bearing token is wrapped and split up into its principal and yield-bearing components, which allows users to execute yield-trading strategies (i.e. earn fixed yield, long yield). Traders pay a swap fee whenever yield-bearing tokens are swapped with its wrapped, principal, or yield-bearing component tokens.

Pendle is a permissionless yield-trading protocol built on Ethereum, HyperEVM, Arbitrum, BNB Chain, Optimism, Base, Berachain, Sonic, Plasma, Monad, X Layer, and Robinhood Chain. Pendle was founded by TN Lee and was launched in 2021.

PENDLE tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

Pendle Limit Order

Supply-side fees

Supply-side fees

Chain breakdown