# Pons V2 Graduated Pools Revenue Methodology

## 1. Overview

The Revenue metric is defined as the portion of swap fees retained by the protocol from Pons V2 Graduated Pools. These fees are collected as the protocol's take rate before any distribution to supply-side participants. The earnings generated by the protocol from graduated liquidity pools are evaluated using this metric. Revenue is recognized when accumulated fees are swept from the pools, separating the protocol's share from buyback and creator allocations.

## 2. Data sources

- **Blockchain events**: `PoolRegistered` and `PoolFeesSwept` events from `MemeHook` contracts, covering Robinhood Chain
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Pool registration and asset mapping

- **Purpose**: Graduated pools are mapped to their respective quote assets to enable accurate fee valuation.
- **Logic**: `PoolRegistered` events from `MemeHook` contracts are parsed to identify the pool ID, the memecoin asset address, and the quote asset address. This mapping is used to determine the correct quote asset for each graduated pool, which is essential for identifying the decimals and price of the swept fees.
- **Key fields**: `pool_id` (pool identification), `token_address` (quote asset address)

### Component B: Fee extraction and protocol share calculation

- **Purpose**: The protocol's share of swept fees is extracted from graduated pools.
- **Logic**: `PoolFeesSwept` events from `MemeHook` contracts are parsed and joined with the registered pool mapping. The protocol fee amount is extracted from the protocol amount field. Other fee components, such as buyback and creator amounts, are excluded from the revenue calculation as they are classified as supply-side distributions.
- **Key fields**: `pool_id` (pool identification), `protocol_amount` (protocol fee quantity)

### Component C: Decimal normalization and USD conversion

- **Purpose**: Fee amounts are normalized by decimal precision and converted to USD.
- **Logic**: The extracted protocol fee amounts are normalized using asset metadata to account for decimal precision. The normalized amounts are then multiplied by end-of-day asset prices to be converted into USD. Daily values are aggregated using UTC day boundaries, and any missing days are filled with zeros.
- **Key fields**: `timestamp` (timing), `protocol_amount` (fee quantities), `token_address` (asset identification)

*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.