Pika ProtocolPIKA

Supply-side fees for Pika Protocol represent the portion of total protocol fees that are distributed to liquidity providers rather than retained as protocol revenue. This metric captures fees generated from perpetual trading activities and position liquidations on Pika Protocol, then applies a revenue split to determine what portion goes to liquidity providers. The metric answers the business question: "How much fee income do liquidity providers earn from Pika Protocol's perpetual trading platform?" The calculation combines trading fees from position openings/closings with liquidation fees, applies a 50% revenue split (with 50% going to supply-side), and aggregates the results on a daily basis.Learn more