# Pons V2 Bonding Curve Revenue Methodology

## 1. Overview

Revenue is defined as the portion of fees retained by Pons V2 Bonding Curve, as determined by its take rate. This metric represents the earnings generated by the project from selling its product or service, before cost of revenue, token incentives, and operating expenses. Revenue is derived from flat asset launch fees and the protocol's designated share of swap fees accumulated on active bonding curves. These fees are collected in the quote asset of each curve and converted to USD.

## 2. Data sources

- **Blockchain events**: `TokenLaunched` events from `LaunchFactory` contracts and `FeesSwept` events from `Curve` contracts, covering Robinhood Chain
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Asset launch fee capture

- **Purpose**: Flat fees paid to the protocol during the creation of new assets on the bonding curve are captured.
- **Logic**: `TokenLaunched` events from `LaunchFactory` contracts are parsed. For each launch event associated with Pons V2 Bonding Curve, a flat fee of 500,000,000,000,000 wei (denominated in the native asset) is allocated as protocol revenue.
- **Key fields**: `block_timestamp` (timing), `product_id` (product identification)

### Component B: Bonding curve swap fee extraction

- **Purpose**: The protocol's share of swap fees accumulated on active bonding curves is extracted.
- **Logic**: `FeesSwept` events from `Curve` contracts are parsed and joined with active bonding curve registry data (derived from `TokenLaunched` events) to identify valid Pons V2 Bonding Curve contracts. The protocol's share of the swept fees, represented by the `protocolAmount` field, is extracted.
- **Key fields**: `block_timestamp` (timing), `protocolAmount` (protocol fee quantity), `token_address` (quote asset identification)

### Component C: Normalization and USD conversion

- **Purpose**: Fee amounts are normalized by decimal precision and converted to USD.
- **Logic**: Protocol fee amounts from asset launches and bonding curve sweeps are aggregated by day, asset, and product. These amounts are normalized by decimal precision using asset metadata (with native assets set to 18 decimals). The normalized values are multiplied by end-of-day price feeds to calculate the daily revenue in USD. Missing days are filled with zeros to ensure a continuous time series.
- **Key fields**: `timestamp` (daily boundary), `revenue` (USD-denominated revenue)

*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

Exchanges (DEX)

Pons charges a 0.0005 ETH launch fee and a fee on every trade. Trade fees are shared between the protocol, the token creator and optional meme token buybacks.

Pons is a token launchpad on Robinhood Chain. Version 2 launches sell tokens on a bonding curve and graduate them into locked Uniswap v4 pools, while version 1 launches trade directly in Uniswap v3 pools.